Archive for August 8th, 2009

As ‘cash for clunkers’ ramps up, new cars sell out (AP)

The nation’s car dealers have a new worry: they’re running out of vehicles. As the “cash-for-clunkers” program reaches its next chapter, and consumers pour into showrooms, some dealers say their stock of new cars — especially for fuel-efficient smaller models — is waning.

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Monsanto rounds up support, dissent for Idaho mine (AP)

As it races to replenish phosphate supplies for its weed-killing cash machine Roundup, Monsanto Co. insists its history of polluting southeastern Idaho’s high country shouldn’t prevent it from digging fresh open pits here.

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Obama says `worst may be behind us’ on recession (AP)

Using better-than-expected jobs numbers to press his top domestic priority, President Barack Obama is arguing that overhauling the health care system is essential to the country’s economic well-being.

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THE INFLUENCE GAME: Chamber at odds with Obama (AP)

If President Barack Obama wants to take the measure of his opposition, he only has to glance across Lafayette Park from the White House. There, behind 10 massive Corinthian columns, is the headquarters of the U.S.

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Job security but no advancement from bottom rung (AP)

Sleep is a rare commodity for Juan Cortez. Between nights spent clearing tables at a Manhattan nightclub and days running food to customers in a Bronx restaurant, the 42-year-old Peruvian immigrant worries more about finding time for shuteye than job security.

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Singapore PM warns of more layoffs later this year (AP)

Singapore’s prime minister warned workers they could face fresh layoffs this year as the city-state struggles to emerge from a severe recession.

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Stocks’ rally hinges on consumers and Fed (Reuters)

Wall Street’s rally could persist next week as investors’ conviction grows that the U.S. economy is on track for a recovery. But retailers’ results, CPI and other consumer data could cast a pall if shoppers fail to show signs of life.

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Regulators close 3 banks in Fla., Ore.; total 72 (AP)

Regulators on Friday shut down two banks in Florida and one in Oregon, bringing to 72 the number of federally insured banks to fail this year under the weight of the weak economy and rising loan losses.

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Aquaculture Expert Supports USDA Inspections for Catfish (Business Wire)

JACKSON, Miss.—-Carol Engle, Ph.D., chair of the Department of Aquaculture and Fisheries at the University of Arkansas at Pine Bluff , recently offered a scientific foundation for her support of U.S.

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Surprisingly strong jobs data signal turning point (AP)

It’s the clearest sign yet the recession is finally ending: Employers laid off far fewer workers in July, the jobless rate dipped for the first time in 15 months and workers’ hours and pay edged upward.

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