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Economy

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Feb 18

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Other News: Markets Flat, Calif. Budget Deal in Peril

In Wednesday's other news, Wall Street was flat, and controversy in the California state Senate has endangered a fragile deal over the state's budget crisis.

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Feb 18

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Obama Unveils Plan to Curb Home Foreclosures

President Barack Obama unveiled a $75 billion plan to ease the mortgage crisis that helped trigger the country's economic crisis. Kwame Holman reports on the president's announcement and other economic news of the day.

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Feb 18

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At What Point Does Increasing Productivity Damage a Consumption-Based Economy?

Question/Comment: At what point does increasing Productivity damage a consumption-based economy? Can this be discussed with respect to the recent historically high levels of productivity in “modern industrialized” economies with relatively inelastic labor pools? Paul Solman: Most economists will tell…

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Feb 18

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GM, Chrysler Paint Dire Picture in Plea for More Federal Aid

By Admin, PBS News Hour

Nine weeks after automakers made their first plea to Congress for emergency aid, General Motors and Chrysler submitted new restructuring strategies and requests for additional federal funds that could bring the government's total tab to $39 billion.

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Feb 17

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Amid State Struggles, Calif. Faces Deep Budget Shortfall

As the stimulus goes into motion, states around the nation are facing budget shortfalls. California is facing a particularly dire situation, with thousands of jobs on the line.

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Feb 17

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Obama Signs Economic Stimulus Package Into Law

President Barack Obama signed the landmark $787 billion economic stimulus package Tuesday. Kwame Holman reports on the president's latest efforts to communicate his economic plans in visits to cities around the country.

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Feb 16

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Foreclosure Crisis in California Devastates Some Neighborhoods

In California, one in 25 homes faces foreclosure. Areas such as Inland Empire, known as "the affordable Orange County," are particularly hard-hit. KCET's "SoCal Connected" program reports on the crisis.

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Feb 16

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Referendum Results Empower Chavez to Continue 'Socialist Revolution'

Venezuelans voted to lift a two-term constitutional limit on the presidential term, allowing Hugo Chavez to run for office again in 2012. Analysts discuss what this means for the future of Venezuelan politics.

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Feb 16

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States Hope Stimulus Will Boost Sagging Local Economies

With state officials scrutinizing the stimulus plan for funding they hope will revive regional economies, four business writers examine what the real impact may look like.

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Feb 16

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Global Markets Sputter as U.S. Focuses on Stimulus

The economy continued its decline, with Japan reporting a worse recession than in Europe and America. Tom Bearden gives an update on the world economic outlook.

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