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News & UpdatesNovember 14, 2008 Setting the Record StraightBy: U.S. Treasury Ddepartment The story in the Washington Post ("Bailout Lacks Oversight Despite Billions Pledged" - 11/13/2008) leaves out critical steps taken by Treasury to ensure that there is strong oversight in place as the Emergency Economic... November 14, 2008 U.S. foreign trade slows sharply in SeptemberBy: MarketWatch The U.S. trade gap shrank to $56.5 billion in September as the exchange of goods and services with the rest of the world slowed sharply, offering further evidence of the global economic slump. November 14, 2008 Renewable energy may end up scarred, but strongerBy: International Herald Tribune Billionaire oilman T. Boone Pickens put his massive wind farm plans on hold in Texas. A Maryland solar plant project has been scrapped. And the second-largest U.S. ethanol company is under bankruptcy protection.
November 14, 2008 Oil guru points to substitutes keeping lid on energy pricesBy: The Globe and Mail - Canada Don't say Henry Groppe didn't tell you so. Almost a year ago, when oil prices were humming along at close to $100 (U.S.) a barrel, the 82-year-old dean of oil analysts warned his clients that the price was destined for $60 before... November 14, 2008 Bush defends capitalism on eve of economic summit![]() By: Associated Press President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world's financial chaos, not the cause. He warned foreign leaders ahead of a weekend summit not to crush global growth with... November 14, 2008 Smoking Rate Is Declining in U.S.By: WebMD The percentage of Americans who smoke cigarettes has fallen below 20% for the first time since at least the mid-1960s, according to a new report November 14, 2008 Oil Drops as Global Economic Slowdown Curbs Fuel ConsumptionBy: Bloomberg.com Crude oil fell, heading for a second weekly decline, as the global economic slowdown cut fuel demand in the largest energy-consuming countries.
November 14, 2008 G-20: Shaping a new world orderBy: CNNMoney U.S. economic mettle tested as emboldened leaders of the world's 20 largest countries gather in Washington. November 14, 2008 Wal-Mart earnings climb 10%By: Arkansas Democrat Gizette Profit at Wal-Mart Stores Inc. rose 10 percent in the third quarter that ended Oct. 31, but the company reduced its forecast for the fourth quarter, citing the growing strength of the dollar against other currencies that will... November 14, 2008 Bailing Out Detroit: How Much Is Enough?By: Forbes.com What will it really take to right America's automakers? It seems more and more likely that Detroit will get a bailout from Washington in some form. If so, U.S. automakers will be faced with another pressing question: Will it be... [What would you find useful here?]
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