BARACK OBAMA

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Wall St falls as economy worries persist

Stocks fell on Monday as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week.

Fed's Kohn to become academic after leaving post

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Federal Reserve Vice Chairman Donald Kohn will take his central banking expertise to the Brookings Institution after he retires this week from four decades at the Fed, Brookings announced on Monday.
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Wall St loses ground after Obama comments

Stocks accelerated declines on Monday after comments from U.S. President Barack Obama did little to soothe investors anxious over the slowing pace of the recovery.
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Iraqis say war not ending despite U.S. drawdown

U.S. President Barack Obama's message this weekend that Iraq would chart its own course may have been welcome news for war-weary Americans, but it has fuelled anxieties about the future among Iraqis.
All smiles

Arianna Huffington: A look at the winner in new online acquisition spree

Huffington launched the news site more as a commentary outlet and an alternative to other conservative news sites by inviting Arthur Schlesinger Jr. to blog, who would fax his blogs. That's not blogging, Arthur used to criticise her. Now with the takeover by AoL, Arianna will become a boss of the entire editorial content of AoL channels.
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Netanyahu proposes bi-weekly meetings with Abbas

Israeli Prime Minister Benjamin Netanyahu has proposed meetings with Palestinian President Mahmoud Abbas every two weeks to improve the prospects of Middle East peace talks, a diplomatic source said on Friday.
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GDP seen revised down on imports and inventories

U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.
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Jobless claims fall but still elevated

New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
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Jobless claims fall, but still elevated

New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth.
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Stunned government to appeal stem-cell ruling

Stunned and disappointed Obama administration officials said on Tuesday they would appeal a federal court ruling that temporarily barred federal funding of embryonic stem cell research.
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Economic numbers point to darker outlook

The frail U.S. economy was dealt fresh setbacks as new U.S. jobless claims scaled a nine-month high last week and Mid-Atlantic factory activity contracted in August for the first time in more than a year.
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India to target Google, Skype messaging next: report

India may shut down Google and Skype Internet-based messaging services over security concerns, the Financial Times reported on Friday, as the government threatened a similar crackdown on BlackBerry services.
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Foreign firms helped by U.S. bailouts: panel

The U.S. tactic of pouring money into ailing financial firms during the 2007-09 crisis helped many foreign banks whose governments should have shared some of the burden, a report from a congressional watchdog agency said on Thursday.

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