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U.S. productivity plummets, factory orders fall

U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.

One in five U.S. mortgage borrowers are underwater

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One in five U.S. homeowners with mortgages owe more to their lenders than their homes are worth, and the rate will increase as housing prices drop in states that have so far avoided the worst of the crisis, a new study shows.

American reaction mixed on Obama budget

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Many Americans applauded the spending plans and tax breaks set out in President Barack Obama's record budget, while others questioned the yawning deficit it would entail.
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Top solar companies offer dour view of 2009

Three of the world's top solar power companies on Tuesday offered a dour view of the industry as it struggles with a dearth of funding options for new projects that has driven up supplies and sent prices on solar panels falling.
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Rapper DMX sentenced to 90 days in jail

Rapper DMX, whose real name Earl Simmons, 38, was sentenced to 90 days in jail Friday for convictions on theft, drug-possession and animal-cruelty charges.
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Giants in full force again as Clark Rejoins

San Francisco Giants' former first baseman Will Clark - one of the most popular players in history of Giants is rejoining the clubs as a special assistant in the front office.
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Garland expected to close $7M deal with Diamondbacks

The Arizona Diamondbacks have reached a preliminary agreement with agent right-hander Jon Garland A deal of one-year contract that includes a club option for 2010 that would guarantee the pitcher about $7 million.
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Diamonds suggest comets caused killer cold spell

Tiny diamonds sprinkled across North America suggest a swarm of comets hit the Earth around 13,000 years ago, kicking up enough disruption to send the planet into a cold spell and drive mammoths and other creatures into extinction, scientists reported on Friday.
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Desperate times require sensible measures

The economy is in a bad place and people are casting about, sometimes desperately, for ways to ease the crunch. I know this because of the contents of my e-mail inbox, which grows more outlandish all the time.
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Natural Gas Weekly Update - May 8

Since Wednesday, April 30, natural gas spot prices increased at most markets in the Lower 48 States. Prices at the Henry Hub rose 27 cents per million Btu (MMBtu), or about 2.5 percent, to $11.08 per MMBtu.
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Natural Gas Weekly Update - Apr 17

Since Wednesday, April 9, natural gas spot prices increased at virtually all market locations in the Lower 48 States. Currently, spot prices exceed the average spot prices of the 2007-2008 heating s...
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Want to pay Gold prices for food?

By Emanuel Balarie With all the talk about housing, a declining US Dollar, and the inevitable recession, many people may be overlooking a potentially more devastating economic factor, writes...
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Obama has small lead in Texas, close in Ohio

Barack Obama holds a slight lead on Hillary Clinton in Texas and has almost pulled even in Ohio before contests that could decide their Democratic presidential battle, according to a Reuters/C-SPAN/Houston Chronicle poll released on Friday.
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U.S. border virtual fence to be delayed: report

Technical problems have forced the Bush administration to retool a high-tech virtual fence along the U.S.-Mexico border and will delay the first phase for at least three years, the Washington Post reported on Thursday. There are an estimated 12 million illegal immigrants in the United States, many from Mexico. Immigration is a highly charged topic and a major issue in the campaign for November's presidential election.
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A Super Tuesday showdown in 24 states

Voters in 24 states make their choices in an unpredictable U.S. presidential campaign on Tuesday, with Democrats Barack Obama and Hillary Clinton in a close fight and Republican John McCain aiming for a knockout blow against Mitt Romney.
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Most Text Messages Are Saved Only Briefly

Millions of fingers scurrying over mobile electronic devices probably paused this week as news emerged of a trove of text messages containing flirty and sexually explicit chat between Detroit Mayor Kwame Kilpatrick and a top aide. Even those engaging in more wholesome dialogue would be wise to wonder: Do text messages disappear _ like oral conversations _ or are they permanently logged somewhere for potential retrieval _ like e-mail usually is?
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Blockbuster CEO confident to meet Q1 debt covenant

Blockbuster Inc Chief Executive James Keyes said on Wednesday he was comfortable the nation's leading DVD rental chain will meet financial targets of its debt agreements in the first quarter and beyond.
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Obama rockets past Clinton in New Hampshire

Democrat Barack Obama rocketed to a 10-point lead over Hillary Clinton in New Hampshire one day before their showdown in the state's presidential primary, according to a Reuters/C-SPAN/Zogby poll released on Monday.

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