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Ex-Employee Blew Whistle On Stanford

Updated: 02/27/2009 - A former employee of Texas billionaire R. Allen Stanford's financial operation blew the whistle on what she called a "Ponzi scheme to defraud [the bank's] clients,” over five years ago, reports the Financial Times.

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FDIC Ups Bank Fees To Boost Insurance Fund

Updated: 02/27/2009 - Federal regulators are raising the fees paid by U.S. banks and thrifts, and levying an emergency premium to rebuild a deposit insurance fund depleted by a cascade of bank failures.

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Ed McMahon, 85, Hospitalized in Los Angeles

Updated: 02/27/2009 - Ed McMahon, former sidekick to Johnny Carson on "Tonight" and a familiar TV commercial pitchman, was hospitalized in intensive care, a spokesman said Friday. McMahon, 85, was suffering from pneumonia and other ailments and had been in the hospital for several weeks, spokesman Howard Bragman said. He declined to identify the Los Angeles facility or the other illnesses.

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Violence Between Repo Men, Car Owners On The Rise

Updated: 02/27/2009 - Alone in his mobile home off a winding dirt road, Jimmy Tanks heard a commotion at 2:30 a.m. just outside his bedroom window: Somebody was messing with his car.

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Economy Shrinks at Fastest Pace in 26 Years

Updated: 02/27/2009 - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

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OP Officer Paid Back $8 for 1988 Act of Kindness

Updated: 02/27/2009 - An Overland Park police officer has received $8 he didn't expect he'd ever get back from a motorcyclist passing through town, out of gas and broke 21 years ago.

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Kansas House Passes Coal Bill

Updated: 02/27/2009 - The House passes a bill allowing Sunflower Electric Power Corp. to build two coal-fired power plants in western Kansas.

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Kansas Governor Honors Slain KU Law Student

Updated: 02/27/2009 - State lawmakers and Gov. Kathleen Sebelius next month mark International Women's Day by honoring a Kansas woman who lost her life to domestic violence.

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Citigroup Reaches Aid Deal With Government

Updated: 02/27/2009 - The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness about the broader bailout program rises.

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Economy Shrinks at Fastest Pace in 26 Years

Updated: 02/27/2009 - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

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Stocks Sink after Citi Deal, GDP Reading

Updated: 02/27/2009 - Wall Street stumbled again Friday as investors second-guessed Citigroup Inc.'s plans to turn over a big piece of itself to the government and as the economy shrank at a much faster pace than expected at the end of last year.

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Colleges Warn Students About Mexico Travel

Updated: 02/27/2009 - The U.S. State Department and universities around the country are warning college students headed for Mexico for some spring-break partying of a surge in drug-related murder and mayhem south of the border.

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Palin's Settlement Doesn't Address Tax Issues

Updated: 02/27/2009 - Gov. Sarah Palin's agreement to reimburse the state for trips her children took at government expense does not address potential tax problems she might face for charging Alaska thousands of dollars for their travel, lawyers handling the settlement said.

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