Archive for January 16th, 2010

McCain voices support for Arizona mine (AP)

Arizona Sen. John McCain says a huge open pit mine project proposed for the eastern slope of the Santa Rita Mountains, south of Tucson, can be good for the economy and unemployed Arizonans.

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Lobbyists to state lawmakers: Please, no cuts (AP)

Francie Broderick sat before a group of lawmakers at the Missouri Capitol and laid out the problem: Hundreds of mentally ill residents are being denied treatment, and many will end up in emergency rooms, costing the state millions of dollars in unpaid bills.

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Negotiators shape final health care bill (AP)

C-SPAN cameras haven’t been allowed into the White House to record the final negotiations on health care overhaul, but details are starting to filter out. A look at what’s likely to be in the final package, and what’s likely out:

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Chavez raises Venezuelan minimum wage 25 percent (AP)

President Hugo Chavez announced a 25-percent increase in Venezuela’s minimum wage Friday to try to blunt the effects of soaring inflation, and defended his handling of an energy crisis and other domestic problems.

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Banks in Ill., Minn., Utah are shuttered (AP)

Regulators shut down banks in Illinois, Minnesota and Utah on Friday, bringing to four the number of bank failures so far in 2010, following 140 closures last year amid the weak economy and mounting loan defaults.

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Wyoming gas, oil drilling permits decline (AP)

The U.S. Bureau of Land Management processed fewer oil and gas drilling permits in Wyoming last year than in any year since 2003, the agency’s Wyoming office reports.

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Banks May Step Up IT Projects, A Key Driver For Tech Giants (Investor’s Business Daily)

Banks aren’t lending money the way they used to, but for high-tech companies there’s good news: Their spending on information technology shows…

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Economy – Friday (Investor’s Business Daily)

Consumers cope with jobs woes

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Recession Special: NASA cuts space shuttle price (AP)

Here’s a recession bargain: the space shuttle. NASA has slashed the price of these 1970s era spaceships from $42 million to $28.8 million apiece.

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Concerns about loan losses boost Treasurys (AP)

Interest rates fell for a second day in the bond market as rising loan losses at JPMorgan Chase & Co. helped pull investors into Treasurys.

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