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Five ways the shutdown is affecting the economy

Five ways the shutdown is affecting the economy

The partial government shutdown has injected a fresh dose of uncertainty into an increasingly complicated economic landscape for the U.S. Hundreds of thousands of federal employees, as well government contractors, ...

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The middle class in America is under siege

The middle class in America is under siege

In April, 2007, I pitched a story to my editors  about “income inequality in America.” The New York Times recently had written a story about inequality being worse than at any time ...

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America’s middle class is shrinking

America’s middle class is shrinking

Over the past four decades, the American middle class has been shrinking relative to upper- and lower-income groups, both of which represent bigger shares of the population than at any time since ...

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The next recession could happen sooner than we think

The next recession could happen sooner than we think

We are seeing the longest Standard & Poor’s (“S&P”) 500 equity market rally on record and key recession indicators suggest at least another two years of economic growth. But geopolitical ...

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Gas prices in Southern California are rising toward $4 a gallon becaus of decreasing of Iranian exports

Gas prices in Southern California are rising toward $4 a gallon becaus of decreasing of Iranian exports

Gasoline prices are climbing toward $4 a gallon in Southern California, boosted in large part by a rise in worldwide crude oil prices. The average pump price for regular gas ...

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Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania

Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania

(CNN)President Donald Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania on Tuesday, the anniversary of the September 11 terrorist attacks. “This field is now a monument ...

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Fitch: US-China trade war will get worse

Fitch: US-China trade war will get worse

The ongoing and rising trade dispute between the U.S. and China will get worse, an official from global ratings agency Fitch Ratings said Thursday. “There is every reason to believe that the ...

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Russia to impose tariffs on U.S. goods

Russia to impose tariffs on U.S. goods

Russia on Sunday started imposing additional import tariffs of 25-40 percent for a range of U.S. goods, according to the Russian government. Russian Prime Minister Dmitry Medvedev last month signed ...

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Wells Fargo: hundreds of customers lost homes because of computer glitch

Wells Fargo: hundreds of customers lost homes because of computer glitch

 Hundreds of people had their homes foreclosed on because software used by Wells Fargo incorrectly denied them mortgage modifications. The embattled bank revealed the issue in a regulatory filing this week and said ...

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India to impose tariffs on U.S. goods in September

India to impose tariffs on U.S. goods in September

India said on Saturday that delayed higher tariffs against some goods imported from the United States will go into force on September 18. New Delhi, incensed by Washington’s refusal to ...

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