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Most workers have not seen wage gains keep pace with inflation during the current economic expansion, the first time that has happened since World War II, according to a published report. |
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In the year since Katrina devastated New Orleans, large chain stores like Home Depot and Wal-Mart have reopened most of their damaged stores there. More significantly, retailers like Walgreen and CVS are already looking to add new stores in the area. |
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Federal Reserve Chairman Ben Bernanke urged policymakers and the nation at large Friday to embrace the global economy and help those hurt by shifting economic patterns, saying disruptions caused by lost jobs or declining profits in some industries would be offset by stronger overall growth. |
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Mary Alice and José Martín's bungalow survived Katrina - but got hit in June. That's when Allstate informed the couple that their home, a mile from the glistening Gulf of Mexico, would no longer be covered for windstorm or hail. "Here it is the middle of hurricane season," Mrs. Martín fumes. "Who in the world is going to sell me a windstorm policy right now?" |
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Salaried workers can expect to see their base salaries rise 3.7 percent in 2007, nearly the same increase as in 2006, according to a new survey. |
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Along the shores of the sleepy Ohio River, deep in West Virginia's "megawatt valley," the twin smokestacks of American Electric Power's Mountaineer coal plant rise 1,000 feet, a shade higher than the Eiffel Tower. Here coal is burned to heat water to make steam that drives the giant turbines that make the power - a grossly inefficient process that has barely changed since the days of Edison. |
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More alarm bells for the stumbling housing market rang Thursday, as a government report on new home sales showed a bigger-than-expected drop in sales, along with a continued rise in unsold homes and a further weakening of prices in the closely watched sector. |
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Gas prices tumbled more than 15 cents during the past two weeks, to $2.87 per gallon of self-serve regular, a national survey said Sunday. |
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The Federal Reserve must act to head off high inflation that is "a present danger" to the U.S. economy, the White House's former top economic adviser said on Saturday, as he blamed the central bank for failing to act aggressively enough so far. |
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Buckle up, investors. The economy could be in for a rough landing. Or not. |
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Central bankers are paid to worry, and monetary policy-makers making their annual visit to the Rocky Mountain resort of Jackson Hole in Wyoming this weekend have plenty on their plates to earn their keep. |
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The number of workers seeking first-time jobless aid fell by 1,000 last week, signaling a steady, solid job market, a government report showed Thursday. |
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Mortgage rates slipped for the fifth straight week on continued signs of weakness in the housing sector and speculation the Fed will leave interest rates untouched in the near term, Freddie Mac reported Thursday. |
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