msnbc.com: Economy seems to be stuck in neutral "The nationwide recession may have ended last summer, but most states and cities continue to struggle and have not yet begun to recover, according to the latest Adversity Index from Moody's Economy.com and msnbc.com. A few more cities and states moved into recovery in November, according to the latest data, but most areas were still in a "moderating" recession, meaning the situation was still deteriorating, but more slowly, according to Andrew Gledhill, an economist with Moody's Economy.com..." 100121
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foxnews.com: YouTube Entering Movie-Rental Business "Movie rentals are coming to the Internet's most popular video site. The Google-owned YouTube is making its debut as a rental outlet Friday to help promote some of the movies that will be shown at the upcoming Sundance Film Festival..." 100120
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MSN Money: 2009 vs. 1999: Are you better off? Middle-class Americans' earnings haven't kept up with their spending, and many are slipping behind and mired in debt..." 091228
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The Washington Post: Home buyers can afford to wait awhile Mortgage interest rates are at a 50-year low. Congress has extended a tax credit for home buyers through April. The economy is beginning to crawl out of what by some measures is the deepest recession since the 1930s. One survey already shows housing prices beginning to rise. So isn't it time to buy a house? If I were in the market for a new home, I would wait. Housing prices typically don't rebound quickly after a bust; instead, they level out and stay near that low base line for years..." 091212
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NYDailyNews.com: The worst is yet to come: Unemployed Americans should hunker down for more job losses "Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%..." 091117
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The Wall Street Journal: In Downturn's Wake, Women Hold Half of U.S. Jobs "Jeff and Vicki Grenz celebrated their 25th anniversary on Sept. 12, 2007. The date marked another milestone for the California couple: Ms. Grenz went back to work..." 091113
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The Wall Street Journal: In Downturn's Wake, Women Hold Half of U.S. Jobs "Jeff and Vicki Grenz celebrated their 25th anniversary on Sept. 12, 2007. The date marked another milestone for the California couple: Ms. Grenz went back to work..." 091113
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Bloomburg.com: Home-Purchase Index in U.S. Plunges to Lowest Level Since 2000 "Mortgage applications to purchase homes in the U.S. plunged last week to the lowest level in almost nine years as Americans waited for the outcome of deliberations to extend a government tax credit..." 091112
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The Washington Post: New Fed rule requires customer consent on overdraft fees "Starting next summer, financial institutions will no longer be able to charge overdraft fees in most cases unless customers opt in to the service, officials at the Federal Reserve announced Thursday..." 091112
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CNN Money: 5 worst states for rising unemployment "They may not be the states with the highest jobless rates, but they are the ones where unemployment rose the most in the past year. Here's how they managed to move backwards when so many others moved ahead..." 110126
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Kiplinger.com: CBS News.com: Don't take federal mortgage relief if you don't need it "Help is for those who truly need it...Q: My family and others in our neighborhood now owe more on our mortgages than our homes are worth. At a recent party, I heard some of our friends talking about the new federal mortgage-relief programs and how they were planning to get their monthly payments reduced. No one has lost a job, and I don't see anyone making cutbacks in lifestyle. But these neighbors plan to go into arrears on their payments -- which jumped when their mortgage rates adjusted upward -- and make a case for hardship. It seems to me that all of us simply bought more house than we should have, at the top of a hot market, or perhaps we borrowed too much against our home equity for living expenses. That's our bad luck or bad judgment, not anyone else's fault. My husband and I are going to reduce our spending and wait this out. Our friends say we are chumps. What do you think?..." 091212
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CBS News.com: New Home Construction Plunges in October "Construction of new U.S. homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. The results show how much the housing market has been relying on government support for its fledgling recovery. .." 091118
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MSN Real Estate: Do you owe more than your house is worth? "If so, you're not alone. But don't despair -- a number of workout options are available to struggling homeowners who are willing to pick up the phone and contact their lender..." 080227
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MSN Money: Why you might never own a home "Cathy Mano, 44, works at a nonprofit in San Francisco. Her husband is an acupuncturist. The two pull in a little less than $100,000 a year together. Mano knows she's nowhere near the poverty level, but she's not sure home ownership is in the cards...." 080128
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businessknowhow.com: IRS Offers New Retirement Plan Resource Guide "Small business owners can now learn virtually everything they need to know about setting up and maintaining IRA-based retirement plans for their employees, thanks to a new, free compact disc from the Internal Revenue Service..." 080106
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Yahoo! Finance: Ten Rising-in-Value Real Estate Markets "Home prices nationwide posted their biggest drop in 16 years last month, according to the National Association of Realtors. But someone forgot to tell the folks in Salt Lake City. There, the median home sale price jumped 21% in the second quarter this year, versus the same period last year..." 071205
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wsj.com: Some Cry Foul Over Relief Plan For Borrowers "The Bush administration's plan to give subprime borrowers a break on their mortgages is already catching flak from an unexpected source: other homeowners..." 071204
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Yahoo Finance: Mortgage Failures Could Create Nightmare "When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get. His payment was scheduled to surge by an extra $1,500 in December. With his daughter headed to college next fall and tuition to be paid, he feared ending up like so many neighbors in Ft. Lauderdale, Fla., who defaulted on their mortgages and whose homes are now in foreclosure and sporting "For Sale" signs..." 071124
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Wall Street Journal: Housing, Credit Concerns Combine to Punish Stocks "Stocks took a beating Monday, with the Dow Jones Industrial Average falling below 13000, as two old culprits -- financials and housing -- contributed to the market's widespread distaste for equities..." 071119
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New York Times: Foreclosures Hit a Snag for Lenders "A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers and raising questions about the legal standing of investors in mortgage securities pools..." 071115
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wsj.com: Levitt Unit Seeks Chapter 11 Haven "The downturn in the housing market has claimed the home builder behind one of the nation's first suburbs. Levitt Corp.'s home-building unit, Levitt & Sons LLC, filed for Chapter 11 bankruptcy protection on Friday citing "unprecedented conditions in the home-building industry" that has been "particularly sudden and steep" in Florida and Southeast..." 071110
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WetFeet.com: Psychological Testing in the Hiring Process "Pre-employment psychological testing is making a comeback. The practice had fallen into disfavor after legislative responses to unfair and discriminatory testing practices, but studies now reveal pre-employment psychological testing to be an excellent indicator of prospective employees' future performance and longevity. Psychological profiling can supplement interview and resume information to give an employer a more complete picture of an applicant’ s ability to succeed on the job..." 071028
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washingtonpost.com: Vultures Are Circling Over Distressed Properties "Call them grave dancers, vulture funds, turnaround specialists or the more euphemistic "opportunity investors." However you identify them, the deal is the same: When hyperactive real estate markets lose their sizzle, or property owners no longer can afford to hang on to their houses, well-capitalized investors smell blood and move in..." 071021
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Career Key: High-Powered Jobs Don't Come Without Consequences "CBS News is the dawn of a new era at the network and for television news as a whole. The move also shines the spotlight on the issue of women and their role in high-powered jobs..." 071018
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wsj.com: Disney's $1 Billion Adventure "Since its 2001 debut, the Walt Disney Co. theme park Disney's California Adventure has floundered in the shadow of its legendary neighbor, Disneyland. To fix it, Disney is now planning a $1.1 billion overhaul -- the most extensive makeover the company has ever given to a theme park..." 071016
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