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    U.S. Economy Headlines
    Gas prices hurt but tax holiday no solution: poll (Reuters)

    A taxi driver fills his car at a gas station in New York, April 24, 2008. (Joshua Lott/Reuters)Reuters - Sixty nine percent of Americans see gasoline prices as a serious problem for their families but only 41 percent favor a temporary repeal of the gasoline tax as proposed by presidential candidates John McCain and Hillary Clinton, a poll released on Thursday said.


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    Thu, 15 May 2008 14:28:09 GMT - Yahoo! News: Economy News
    Job market soft, factories weak (Reuters)
    Reuters - The U.S. factory sector started the month on a weak note after declining in April, according to data released on Thursday, while the number of workers stuck on jobless rolls hit a four-year high. -- read full article
    Thu, 15 May 2008 15:17:41 GMT - Yahoo! News: Economy News
    Bernanke urges banks to raise capital if needed (Reuters)

    Fed Chairman Ben Bernanke speaks at the Federal Reserve Bank of Chicago's Annual Conference on Bank Structure and Competition May 15, 2008. (John Gress/Reuters)Reuters - Recent turmoil in financial markets underscores the need for banks to hold "generous" capital cushions, U.S. Federal Reserve Chairman Ben Bernanke said on Thursday as he urged them to actively raise money.


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    Thu, 15 May 2008 15:24:41 GMT - Yahoo! News: Economy News
    Bernanke: Banks must get better at foreseeing risk (AP)
    AP - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday. -- read full article
    Thu, 15 May 2008 15:36:27 GMT - Yahoo! News: Economy News
    Stocks rise on oil price drop, mixed economic data (AP)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - The stock market notched its second straight daily advance Thursday, with investors assuaged by a pullback in oil prices and some better-than-expected economic data.


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    Thu, 15 May 2008 21:33:08 GMT - Yahoo! News: Economy News
    Oil falls as options expire; gas prices rise (AP)

    The sign at a Shell station in Beachwood, Ohio, shows the rising gasoline prices on Thursday, May 15, 2008. A gallon of diesel fuel at the station was selling for $4.11.9.(AP Photo/Amy Sancetta)AP - Oil futures ended a whipsaw session slightly lower Thursday as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.


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    Thu, 15 May 2008 19:51:45 GMT - Yahoo! News: Economy News
    Investment firms' borrowing at fairly steady pace (AP)

    Fed Chairman Ben Bernanke speaks at the Federal Reserve Bank of Chicago's Annual Conference on Bank Structure and Competition May 15, 2008. (John Gress/Reuters)AP - Wall Street investment companies are borrowing from the Federal Reserve's emergency lending program at a fairly steady pace.


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    Thu, 15 May 2008 20:35:20 GMT - Yahoo! News: Economy News
    Industrial output falls, second time in 3 months (AP)

    Cars being assembled at a Nissan plant in Sunderland. The cost of goods leaving British factories jumped in April to a record high on the back of rising costs for raw materials, official data has showed.(AFP/Dave Foster)AP - Industrial output plunged in April as factories making everything from autos to heavy machinery felt the adverse effects of the weak economy. Analysts held out hope that production will revive in the second half of the year, helped by the government's economic stimulus checks.


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    Thu, 15 May 2008 22:58:50 GMT - Yahoo! News: Economy News
    UN: World economy to grow by 1.8 percent in 2008 (AP)

    European Union Commissioner for Monetary Relations Joaquin Almunia gestures while speaking during the opening of the Brussels Economic Forum at EU headquarters in Brussels, Thursday May 15, 2008. (AP Photo/Virginia Mayo)AP - The world economy is "teetering on the brink" of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday.


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    Fri, 16 May 2008 07:23:50 GMT - Yahoo! News: Economy News
    Euro, pound, yen higher against dollar (AP)
    AP - The euro traded slightly higher against the U.S. dollar Friday after data showed a drop in U.S. industrial production and unexpectedly strong first-quarter economic growth in Germany. -- read full article
    Fri, 16 May 2008 09:19:50 GMT - Yahoo! News: Economy News
    Stock futures signal upbeat start; Yahoo rallies (Reuters)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)Reuters - Stock index futures edged up on Friday, suggesting a positive start to trade on Wall Street ahead of data on housing and consumer sentiment.


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    Fri, 16 May 2008 10:51:26 GMT - Yahoo! News: Economy News
    Benign inflation and strong results lift Wall St (Reuters)

    A man carries shopping bags as he crosses the street near the Macy's department store in New York, December 23, 2006. (Keith Bedford/Reuters)Reuters - Stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.


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    Wed, 14 May 2008 21:44:49 GMT - Yahoo! News: Economy News
    Oil prices recede as US crude stocks rise (AFP)

    A petrol station in Manila. Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.(AFP/File/Jay Directo)AFP - Oil prices fell heavily Wednesday as traders reacted to an increase in US crude stocks and as profit-taking occurred a day after prices struck a record high.


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    Wed, 14 May 2008 19:53:05 GMT - Yahoo! News: Economy News
    Pimco: Tricky for Fed to fix economy bind (Reuters)
    Reuters - Bond fund leader Pimco's Mohamed El-Erian on Wednesday said the Federal Reserve's monetary policy may not help the economy to escape a severe recession caused by falling home values and rapidly rising consumer prices. -- read full article
    Wed, 14 May 2008 19:22:42 GMT - Yahoo! News: Economy News
    Tame April price rise eases inflation worry (Reuters)

    A man walks out of a Banana Republic store with his purchase along 5th Avenue in New York City, May 11, 2008. (Joshua Lott/Reuters)Reuters - U.S. consumer prices were tamer than expected in April on a lower energy price reading, giving the inflation-wary Federal Reserve a little breathing space as it seeks to fortify an anemic economy.


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    Wed, 14 May 2008 19:28:50 GMT - Yahoo! News: Economy News
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