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Global Stocks In Step, Sending Managers to Arbitrage (Daniel Hauck and Alexis Xydias)
Stocks worldwide are moving closer in tandem than at any time in two decades, reducing opportunities for money managers and forcing investors used to buy-and-hold strategies to trade more like hedge ...
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Wolfowitz Speeds World Bank Aid, Raising Corruption Concerns (William McQuillen)
World Bank President Paul Wolfowitz is speeding up aid to war-scarred countries in an initiative that may conflict with his long-standing campaign against corruption.
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Senate panel OKs subpoenas for key aides (Julie Hirschfield Davis)
A Senate panel, following the House's lead, has authorized subpoenas for White House political adviser Karl Rove and other top aides involved in the firing of federal prosecutors.
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Pre-War Assumptions Led to Flawed Iraq Plan, U.S. Report Says (Tony Capaccio)
The Bush administration's rosy pre- war assumptions about the speed at which Iraq would stabilize led to poorly coordinated, haphazard planning for post-war reconstruction that's brought waste and ...
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Fed Keeps Rate at 5.25%, Drops Reference to `Firming' (Craig Torres)
The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and unexpectedly abandoned its tilt toward higher borrowing costs.
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House panel defies Bush, votes for subpoenas (CNN)
House Democrats voted today to give their leaders the authority to force Karl Rove, and other key White House aides, to testify on the firings of U.S. attorneys. President Bush has said sworn ...
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Bush's `Ownership Society' Founders as U.S. Economy Weakens (Brendan Murray)
President George W. Bush spent years promoting an ``ownership society,'' the idea that Americans should own everything from homes to the assets needed to pay for their own health care and ...
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Consumer Confidence Plunges Amid Rising Gas Prices (Jon Cohen)
Consumer confidence plunged this week, reversing its gains for the year amid rising gas prices, a volatile stock market and fresh signs of inflation.
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