WORLD

Banks Benefited From Nearly $8 Trillion Bailout

A street sign on Wall Street outside the New York Stock Exchange in New York
While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.

Five Ideas to Create U.S. Jobs

U.S. Job Market
The stark truth of the matter is that unless the private sector starts hiring en masse (including non-profit organizations), absent a surge in exports, it will be up to the public sector to provide stimulus to create jobs.
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Congo"s capital Kinshasa

Polling stations attacked in Congo vote

Violence erupted at four polling stations in the south of the Democratic Republic of Congo as the vast country held its second elections since a war that killed more than five million people.
Newt Gingrich at Tampa Debate

Newt Gingrich Immigration Stance: A Closer Look

The former House Speaker has been on the defensive, rebutting criticisms that he is supporting amnesty for millions of immigrants, or that his policy would erect a magnet for undocumented immigrants, as former Massachusetts governor Mitt Romney has charged. What was Gingrich really proposing? Here's the breakdown:
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Egyptians vote in first post-Mubarak election

Egyptians voted in droves on Monday in the first election since the fall of longtime ruler Hosni Mubarak, giving Islamists a chance to make political gains even as the army generals who replaced him cling to power.
Canada's interim Liberal Leader Rae speaks during a question period in Ottawa

Liberals return to second place in poll

The Liberals have returned to the position they had held for the past several years as the most popular opposition party, a poll released on Monday showed.
Herman Cain

Herman Cain Ad: '9-9-9: The Movie' Is a Risky Return to Roots

Herman Cain is returning to the message that launched him to the top of the polls in late September, before sexual harassment allegations and a series of foreign policy gaffes brought him back down: his 9-9-9 tax plan. On Monday, Cain's campaign released a six-minute animation called 9-9-9: The Movie -- Slaying the Tax Monster.
Canadian Finance Minister Flaherty answers questions at a news conference at the Calgary Chamber of Commerce in Calgary

Canada to eliminate tariffs on more goods: Flaherty

Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring.
Barney Frank

Barney Frank: No Re-election Run in 2012

U.S. Rep. Barney Frank, D-Mass., will announced the end of his two-decade long stint in Congress on Monday afternoon, backing down from a re-election run in 2012.
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Republicans Expected to Win 2012 Elections

FBR Capital Markets expects the cycle of disappointments coming out of Washington to reach an inflection point later this year, creating an opportunity for investors to begin looking ahead to the November 2012 elections as cause for optimism.
Pakistan Protests NATO Attack

U.S.-Pakistani Co-Dependence May Prevent Rupture

Pakistan and the United States may be a little too dependent on each other to allow the death of two dozen Pakistani soldiers, in airstrikes by NATO forces on Saturday, to cause a definitive rupture.
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Germany Denies 'Elite' Euro Bond Plans

The German finance ministry denied on Monday a media report of plans for the joint issuance of bonds by member countries of the euro zone with a triple-A credit rating.
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Saudi Arabia: Shia Protests Against the State Intensify

Four people were killed and nine wounded in clashes between Shiite Muslims and Saudi Arabian security forces in the oil-rich Eastern Province, according to the official Saudi Press Agency. The latest round of fighting took place last Wednesday, during a funeral for one of the protesters.

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