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Nov 27

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Food Banks Face Shortages in Economic Downturn

Food banks and charities around the country are experiencing shortages as the economy continues to slide. In a two-part report, Tom Bearden examines how food banks are faring and Ray Suarez talks to analysts about the rising number of Americans…

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Nov 20

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Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls

By PBS News Hour

U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers.

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Nov 20

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U.S., World Stocks Tumble Amid Bleak Jobs Report

By PBS News Hour

U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its…

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Nov 13

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New Jobless Claims Nearly Hit Post-Sept. 11 Level

By PBS News Hour

After skyrocketing in recent months, the number of newly laid-off U.S. workers seeking unemployment benefits jumped last week to the highest level since just after the Sept. 11, 2001, terrorist attacks.

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Nov 07

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Economy Tops Agenda at Obama’s First Post-Election Press Conference

During his first press conference since his Nov. 4 election victory, President-elect Barack Obama addressed updates on his plans to steer the U.S. economy, assemble his cabinet and his views on Iran's nuclear buildup, among other issues.

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Nov 07

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U.S. Unemployment Surges to 6.5 Percent in October

By Admin, PBS News Hour

Fueled by an economic downturn, the U.S. economy lost 240,000 jobs in October, the Labor Department said Friday. The numbers helped push the employment rate to 6.5 percent, its highest level in 14 years.

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Oct 23

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Greenspan Calls Financial Crisis a ‘Credit Tsunami’

By PBS News Hour

In testimony before Congress Thursday, former Federal Reserve Chair Alan Greenspan said that the current financial crisis is a "once in a century credit tsunami" that will continue to impact the U.S. economy, spurring more job losses to come.

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Oct 22

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Foreclosure Rates for 3rd Quarter Up 70% From Last Year

By Admin, PBS News Hour

New data released Thursday show the number of homeowners caught in the foreclosure crisis grew by more than 70 percent in the third quarter compared with the same period last year.

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Oct 21

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Obama, McCain Exchange Jabs on Economic Plans

As Sens. John McCain and Barack Obama stump through battleground states, their remaining efforts to shore up votes include exchanging jabs on economic policy and readiness for the presidency. Kwame Holman reports on the latest campaign developments.

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Oct 11

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Is it time to admit that the world is already in a recession?

Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of…

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Tuesday, Oct 7
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