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    U.S. Economy Headlines
    Stocks higher after home sales, consumer data (AP)

    The Chicago Mercantile Exchange is pictured March 17, 2008. Chicago took the top spot in a survey of the best cities for traders for the second year running, with London in second and New York in third place. REUTERS/John GressAP - Wall Street moved higher in uncertain trading Tuesday as investors sifted through a mix of economic data: a government report that showed the first gain in new home sales in six months and a disappointing reading on consumer confidence.


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    Tue, 27 May 2008 18:16:57 GMT - Yahoo! News: Economy News
    Single-family home prices tumble in March (Reuters)

    A foreclosed home is shown in Stockton, California May 13, 2008. . (Robert Galbraith/Reuters)Reuters - Prices of single-family homes plunged a record 14.4 percent in March from a year earlier, while consumer confidence slumped to its lowest in 16 years in May as gasoline prices surged.


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    Tue, 27 May 2008 18:51:01 GMT - Yahoo! News: Economy News
    Food banks face high costs but feeding more people (AP)

    Lenora  Clark ,center, picks up food at the Emergency Food Bank in Stockton, Calif., Wednesday, May 7, 2008.  America's Second Harvest, the nation's food bank network, recently urged Congress to approve $100 million in emergency funding for food banks after a survey it conducted of 180 food banks in late April and early May found that 99 percent have seen an increase in the number of clients served within the last year. (AP Photo/Marcio Jose Sanchez)AP - Jackie Hoffman sifted through a laundry bin filled with aging bread, choosing a loaf of white.


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    Mon, 26 May 2008 21:18:14 GMT - Yahoo! News: Economy News
    Greenspan says recession still likely in U.S.: report (Reuters)

    File photo shows Former U.S. Federal Reserve Chairman Alan Greenspan, January 24, 2008. Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks. (Andy Clark/Reuters)Reuters - Former Federal Reserve chairman Alan Greenspan was quoted on Tuesday as saying the United States was still more likely than not to have a recession despite relative stabilization in the economy in recent weeks.


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    Tue, 27 May 2008 04:50:40 GMT - Yahoo! News: Economy News
    Small business sentiment still shaky: poll (Reuters)

    Customers shop for produce at the Food Project's Farmer's Market in the Boston neighborhood of Dorchester, Massachusetts August 14, 2007. (Brian Snyder/Reuters)Reuters - The majority of small business owners think the U.S. economy is getting worse, though sentiment showed some improvement in May from its recent lows, according to a survey released on Tuesday.


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    Tue, 27 May 2008 05:15:29 GMT - Yahoo! News: Economy News
    US recession still probable: Greenspan (AFP)

    Former US Federal Reserve Chairman Alan Greenspan, seen here in October 2007, in Washington, DC. A recession in the United States remains a probability, Greenspan said in a recently published newspaper interview(AFP/INTERNATIONAL MONETARY FUND/File/Stephen Jaffe)AFP - A recession in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published on Tuesday.


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    Tue, 27 May 2008 06:17:19 GMT - Yahoo! News: Economy News
    Food banks facing new clients, mounting costs (AP)

    Lenora  Clark ,center, picks up food at the Emergency Food Bank in Stockton, Calif., Wednesday, May 7, 2008.  America's Second Harvest, the nation's food bank network, recently urged Congress to approve $100 million in emergency funding for food banks after a survey it conducted of 180 food banks in late April and early May found that 99 percent have seen an increase in the number of clients served within the last year. (AP Photo/Marcio Jose Sanchez)AP - Jackie Hoffman sifted through a laundry bin filled with aging bread, choosing a loaf of white.


    -- read full article
    Mon, 26 May 2008 18:13:18 GMT - Yahoo! News: Economy News
    High gas prices give boost to small town bus plant (AP)

    New buses sit parked outside the Motor Coach Industries plant in Pembina, N.D., on Tuesday, May 20, 2008. MCI will begin delivering the first of 102 hybrid diesel-electric buses this summer to Houston's transit system, under a contract worth about $80 million. Another 126 diesel-only buses are being shipped out to the transit system in New York City in a deal worth $67 million.  (AP Photo/Will Kincaid)AP - Soaring fuel prices are proving to be a pain for most people in the country, but they may have helped save the jobs of hundreds of workers in North Dakota's oldest town.


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    Sun, 25 May 2008 18:40:12 GMT - Yahoo! News: Economy News
    Iran to raise domestic gas prices: senior official (AFP)

    An Iranian man looks at his petrol quota before pumping fuel at a petrol station north of Tehran in 2007. Iran plans to hike domestic gas prices in order to encourage consumers to conserve and to help to free up supplies for export, officials said on Saturday.(AFP/Behrouz Mehri)AFP - Iran plans to hike domestic gas prices in order to encourage consumers to conserve and to help to free up supplies for export, officials said on Saturday.


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    Sat, 24 May 2008 19:29:42 GMT - Yahoo! News: Economy News
    Buffett sees "long, deep" U.S. recession (Reuters)

    Investor Warren Buffett listens to a question during a news conference in Madrid May 21, 2008. (Andrea Comas/Reuters)Reuters - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.


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    Sat, 24 May 2008 11:30:13 GMT - Yahoo! News: Economy News
    Ford cuts N. American production, cuts profit goal (AP)

    In this April 13, 2008 file photo, the company logo hangs over the tails of unsold 2008 Taurus sedans at a Ford dealership in the southeast Denver suburb of Centennial, Colo. Ford Motor Co. says Thursday, May 22, 2008,  it is cutting North American production for the rest of the year as high gas prices and the weak economy depress its sales.  (AP Photo/David Zalubowski, file)AP - Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the beleaguered U.S. auto industry, which is facing its worst sales in more than a decade.


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    Fri, 23 May 2008 09:23:08 GMT - Yahoo! News: Economy News
    Homeowner sentiment darkens in May: survey (Reuters)

    Residents watch from their porch next to an abandoned, foreclosed and boarded-up property in the Roxbury neighborhood of Boston, Massachusetts May 13, 2008. (Brian Snyder/Reuters)Reuters - Twice as many Americans expect the value of their homes to fall in the next 12 months than a year ago, while price rises in the next five years will fail to keep pace with inflation, according to the results of a survey.


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    Fri, 23 May 2008 13:48:32 GMT - Yahoo! News: Economy News
    Gauge of U.S. economy lower in latest week: ECRI (Reuters)

    People walk past the New York Stock Exchange in New York July 13, 2007. (Brendan McDermid/Reuters)Reuters - A gauge of future U.S. economic growth was slightly lower in the latest week due to higher interest rates and slower housing, while its annualized growth rate reached a four-month high, a research group said on Friday.


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    Fri, 23 May 2008 14:35:10 GMT - Yahoo! News: Economy News
    Treasury prices head higher after housing data (AP)
    AP - Treasury prices climbed Friday after a report that existing home sales fell again in April ignited more worries about the economy and sent investors in search of a safe haven. -- read full article
    Fri, 23 May 2008 18:54:50 GMT - Yahoo! News: Economy News
    Stocks fall as oil prices stir economic worries (AP)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - Wall Street ended a week of big losses with more selling Friday as rising oil prices again raised worries that strained consumers will cut back spending and hurt the overall economy. The Dow Jones industrials fell nearly 150 points in the final session before the three-day holiday weekend.


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    Fri, 23 May 2008 21:49:45 GMT - Yahoo! News: Economy News
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