US Economy

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AP's Economic Stress Index On The Nation's Recovery

The Associated Press has developed an interactive economic indicator to keep track of how well the US economy is recovering from the recent economic downturn. This information is shown for individual counties on the AP's Economic Stress Index.

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Consumer confidence sinks before holiday season

In the second-lowest consumer confidence rating since May, the Consumer Confidence Index fell in October. This unexpected decline leads experts to believe that this holiday shopping season will be even worse than retailers expect.

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New website promotes products made in USA

In an economic time when people's money needs to go further, they look for quality products they can be proud to use. And with the help of a new website that urges people to "Be American, Buy American," products that can boast "made in USA" can get a little more publicity.

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Report: Bird-watching participation boosts U.S. economy

A new report by the U.S. Fish and Wildlife Service entitled `Birding the United States: A Demographic and Economic Analysis` reveals that bird watching contributes as much as $36 billion to the U.S. economy.

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Fed Chief Bernanke Believes Worst is Over

Fed Chairman Ben Bernanke began his testimony before the Committee on the Budget in the US House of Representative acknowledging the economy has contracted sharply since last fall. Bernanke conceded that companies have shed close to 6 million jobs in this downturn, and the most recent information on the labor market suggests “sizable job losses and further increases in unemployment” are likely over the next few months.

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Rising Yields Present Challenges to Fed, Economy

A revival of the housing sector and stability in prices is critical to a strong economic recovery. Central to Fed Chief Ben Bernanke’s plan to awaken the slumbering housing market has been to commit $300 billion to buy US Treasury bonds and over $1 trillion to purchase mortgage-backed securities.

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Larry Summers Is Bought And Paid For By The Financial Industry

It is official. Larry Summers is a tool of big business and the financial industry. This is really Shameful. But it turns out that Summers has made a fortune speaking on behalf of the very companies that are now gettng such huge bailouts, with so few regulations.

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House and Senate Pass Obama's Budget

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The best news about this is that Health Care reform and better environmental standards on on the way! Thank goodness!

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Obama's News Conference

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In case you missed tuesday's news conference, here it is.

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Krugman Blasts Geithner's Bank Plan

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According to Paul Krugman on "Democracy Now," Geithner's Bank plan is going to be a complete failure.

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Tough Economy: More May Qualify For Earned Income Tax Credits

As this year’s tax season stretches across difficult economic times, the Department of Health and Human Services (DHHS) wants to make sure that Nebraskans get all the tax credits they deserve through the Earned Income Tax Credit (EITC) program.

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Families without homes forced to live in a city of tents

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The situation now is very much like that of the Joads in The Grapes of Wrath.

We can no longer sit on our hands and let this happen.

To the Democrats I say: increase the size of the stimulus. Listen to Nobel Prize winner Paul Krugman!

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