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Fed to Keep Interest Rate Near Zero for 2 years

Posted: 08/09/2011 - The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought with increasing risks.

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AP Source: Perry Schedules Trip to Iowa

Posted: 08/09/2011 - A day after his likely rivals compete in an Iowa straw poll, Texas Gov. Rick Perry is set to speak in this lead-off caucus state as he considers a White House bid of his own.

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Retired Officer on Trial for Theft from 9-11 Fund

Posted: 08/09/2011 - A retired naval officer honored for his valor during the Sept. 11 attacks on the Pentagon is being tried for a third time on allegations that he exaggerated his injuries to get money from the victims compensation fund.

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Businessman Says Camera Could Ease Storm Disputes

Posted: 08/09/2011 - A businessman and his partners in Mississippi say waterproof, windproof video cameras, mounted on utility poles could help ease the filing and awarding of insurance claims.

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Oil Rises on OPEC Outlook, Rallying Stocks

Posted: 08/09/2011 - Oil is rising after OPEC said global demand for oil will continue to grow this year, despite the weak economic recoveries in the U.S. and Europe.

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US Workers Less Productive In The Spring

Posted: 08/09/2011 - U.S. workers were less productive in the spring for the second quarter in a row, a trend that doesn't bode well for future hiring.

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Pentagon: Crash Tragic, but Not a Trend

Posted: 08/08/2011 - The Pentagon says the helicopter shoot down that killed 30 U.S. troops and eight Afghans was a tragic loss but does not signal a rise in Taliban strength.

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US Markets Fall Sharply After S&P Downgrade

Posted: 08/08/2011 - U.S. stocks are joining a global sell-off in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious.

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Obama to Speak on Economy in Wake of Downgrade

Posted: 08/08/2011 - President Barack Obama plans to deliver a statement about the economy as the nation grapples with the first downgrade of U.S. debt in the country's history.

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Stocks Tumble After S&P Downgrade of US

Posted: 08/08/2011 - NEW YORK - U.S. stocks are tumbling amid a rout in global markets after Standard & Poor's downgraded the U.S. credit rating for the first time.

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NEW: S&P Executive: 1 in 3 Chance of Future Downgrade

Posted: 08/07/2011 - WASHINGTON (AP) - A Standard & Poor's official says there is a 1 in 3 chance that the U.S. credit rating could be downgraded another notch if conditions erode over the next six to 24 months.

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Sentencing Phase for Polygamist Jeffs to Resume

Updated: 08/06/2011 - SAN ANGELO, Texas (AP) - Jurors will continue hearing testimony in the sentencing phase for a polygamist sect leader convicted of child sexual assault, but the defendant may not be in court.

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UPDATE: S&P Officials Defend US Credit Downgrade

Updated: 08/06/2011 - Credit rating agency Standard & Poor's is defending its decision to downgrade the United States' credit rating for the first time in the history of the ratings.

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