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House passes $662 billion defense bill (AP)

admin — Thu, 15 Dec 2011 00:17:27 +0000

AP – The House has passed a $662 billion defense bill after the White House dropped a veto threat over provisions on handling terrorist suspects.

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Senate approves $662 billion defense bill (AP)

admin — Fri, 02 Dec 2011 02:30:49 +0000

AP – Ignoring a presidential veto threat, the Democratic-controlled Senate on Thursday overwhelmingly approved a massive, $662 billion defense bill that would require the military to hold suspected terrorists linked to al-Qaida or its affiliates, even those captured on U.S. soil, and detain some indefinitely.

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Greece gets $10.7 billion but rescue plan stalls (AP)

admin — Wed, 30 Nov 2011 01:08:46 +0000

AP – Eurozone ministers sent Greece an euro8 billion ($10.7 billion) Christmas rescue package Tuesday to stem an immediate cash crisis yet failed to resolve fears that the common euro currency might be doomed.

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Eurozone ministers OK $10.7 billion Greek loan (AP)

admin — Tue, 29 Nov 2011 21:26:36 +0000

AP – Eurozone ministers threw a lifeline to Greece on Tuesday as they scrambled to prevent financial chaos from spreading further and driving Europe’s common euro currency into a catastrophic breakup.

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Apple’s $81.5 billion bank account is bigger than U.S. government’s

admin — Sun, 30 Oct 2011 09:35:18 +0000

Apple revealed it has a staggering $81.5 billion in cash in the bank, the Daily Mail reports. That’s more than more money than even the U.S. government has, documents show.

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Official: EU banks have to raise $140 billion (AP)

admin — Sat, 22 Oct 2011 16:36:11 +0000

AP – EU finance ministers neared agreement Saturday on forcing banks to raise just over euro100 billion ($140 billion) to ensure they have enough cushion to weather further losses on their Greek bonds as well as market turmoil, a European official said.

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Challenges loom as world population hits 7 billion (AP)

admin — Mon, 17 Oct 2011 19:14:49 +0000

AP – She’s a 40-year-old mother of eight, with a ninth child due soon. The family homestead in a Burundi village is too small to provide enough food, and three of the children have quit school for lack of money to pay required fees.

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Rogue trader suspected in $2 billion loss at UBS (AP)

admin — Thu, 15 Sep 2011 15:19:55 +0000

AP – Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades.

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Obama to appeal for $450 billion plan to spur jobs (AP)

admin — Thu, 08 Sep 2011 22:12:52 +0000

AP – Struggling to fix the sickly economy, President Barack Obama planned to appeal to Congress Thursday night to support nearly $450 billion in tax cuts and federal spending, including deeper payroll tax cuts to keep more cash in the pockets of dispirited Americans. His message to Republican lawmakers heading into re-election campaigns: You’d better help.

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Obama proposes $300 billion jobs plan

admin — Wed, 07 Sep 2011 06:42:23 +0000

The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again.

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