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US Economy Logs Better But Still Subpar Growth

Posted: 06/26/2008 - The economy grew, but only slightly in the first quarter of 2008, at annualized rate of one percent, as the housing and credit and financial woes continue to strain it.

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U.S. to Lift Sanctions Against North Korea

Posted: 06/26/2008 - The former "Axis of Evil" nation will also be removed from the American terrorism blacklist. The turnaround came after the Asian nation handed ofver key nuclear information to Chinese officials.

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New Home Sales And Prices Both Drop In May

Posted: 06/26/2008 - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes. The Commerce Department reported that new homes were sales are down 2.5 percent from the April level.

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US Stocks Head For Lower Open Ahead of GDP Reading

Posted: 06/26/2008 - U.S. stocks headed for a lower open Thursday ahead of a final reading on first-quarter gross domestic product, sales of existing homes and weekly unemployment claims. Wall Street's cautious turn comes a day after the Federal Reserve interrupted a series of interest rate cuts by leaving rates unchanged and warning of an increased threat of inflation

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Gas Prices Fuel Drop In Car Owner Satisfaction

Posted: 06/26/2008 - A new survey by the J.D. Power and Associates marketing and consulting company saw the automobile industry average drop by two points to 770 this year from 772 in 2007. The survey measures owner satisfaction with the design, layout and performance of new vehicles.

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Fed Signals Aggressive Rate Cutting Is Done

Posted: 06/26/2008 - Analysts say the central bank could keep rates unchanged for a considerable period, predicting that the Fed will leave rates alone until next spring. However, other economists are still worried that the Fed could start ratcheting up rates much sooner than that, especially if this year's surge in oil prices does not soon abate.

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Senate Reaches an Agreement on Global AIDS Bill

Posted: 06/26/2008 - Senate negotiators have reached a tentative agreement on a key obstacle to one of the most ambitious federal health initiatives ever, a $50 billion act to combat AIDS, malaria and tuberculosis in in Africa and other countries hard-hit by those diseases.

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Wildfire Threatens 500 Homes in Big Sur, California

Posted: 06/26/2008 - A lightning-sparked wildfire in the Los Padres National Forest that already burned 16 homes was moving closer Thursday to the scenic community of Big Sur, where it threatened 500 houses.

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Oil Prices Rising After Steep Fall

Posted: 06/26/2008 - Oil prices moved higher Thursday as buyers moved back into the market a day after a report showed U.S. stockpiles of oil and fuel were larger than expected.

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Kid Golfers, Strippers Share Golf Course

Posted: 06/25/2008 - A close encounter between flirtatious strippers and children playing in a golf tournament was the result of "mistiming," golf course officials said Tuesday as they apologized to parents.

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Driver Arrested After Speeding 22 Times in 45 Days

Posted: 06/25/2008 - A Nevada woman has been arrested after photo enforcement cameras on a Phoenix freeway captured her behind the wheel of a car speeding 22 times in a 45-day span, authorities said.

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Report: Climate Change Linked to National Security

Posted: 06/25/2008 - Global warming probably will mean more illegal immigration and humanitarian disasters, undermining shaky governments and possibly expanding the terrorism threat against the U.S., intelligence agencies say.

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Millionaires? We've Got 10 Million of Them

Posted: 06/25/2008 - The global economy hits an astounding milestone. There are now 10,000,000 rich people who can officiallly call themselves "millionaires."

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Pope Returns toOld Way of Distributing Communion

Posted: 06/25/2008 - A papal aide says Pope Benedict XVI intends to return to the old way of distributing Communion at Masses. Benedict's master of liturgical ceremonies said in an interview Wednesday in the Vatican newspaper L'Osservatore Romano that the pontiff will place the Communion host in the mouths of the faithful who kneel before him.

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InBev Awaits Answer From Anheuser on $46B Offer

Posted: 06/25/2008 - Brewer InBev SA on Wednesday pressed Anheuser-Busch for an answer on its $46 billion takeover offer, and the maker of Budweiser beer was prepared to reject the offer, according to a published report.

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Steven Spielberg Looks to Direct `The 39 Clues'

Posted: 06/25/2008 - DreamWorks Studios has acquired the film rights to "The 39 Clues," a mystery series-online game that Scholastic will debut in September. Spielberg, director of "Jaws," "Schindler's List" and the "Indiana Jones" films, says he's hoping to direct.

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Obama Disagrees With High Court on Child Rape Case

Posted: 06/25/2008 - Democrat Barack Obama said Wednesday he disagrees with the Supreme Court's decision outlawing executions of people who rape children, a crime he said states have the right to consider for capital punishment.

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Trouble Finds Tim McGraw at Washington Show

Posted: 06/25/2008 - If Tim McGraw isn't looking for trouble, it must've been looking for him. Fan video shot Tuesday in Auburn, Wash., shows the country singer help eject an unruly fan.

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Fed Holds Rates Steady For Now

Posted: 06/25/2008 - With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up.

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Venezuelan 'System' Brings Classics to the Barrios

Posted: 06/25/2008 - It is known as "El Sistema" - the National System of Youth and Children's Orchestras of Venezuela - and it's becoming a model internationally for getting children excited about classical music.

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Boy Tackled By Colorado Mayor Gets Restraining Order

Posted: 06/25/2008 - The mayor of this northern Colorado city has a temporary restraining order against him after he was accused of throwing a 15-year-old boy to the ground when the teen refused to stop riding a motorbike.

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345 Arrested, Kids Rescued in Prostitution Busts

Posted: 06/25/2008 - Hundreds of people have been arrested and 21 children rescued in what the FBI is calling a five-day roundup of networks of pimps who force children into prostitution.

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