President Obama’s ‘Persistent’ Press Conference: Message Accomplished

The first rule of the political press conference: You don’t really have to answer the question, or at least you don’t have to dwell on it. You can simply say what you came to say. This is even more true when you are a popular President of the United States.

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Credit Problems Are Climbing the Income Scale

For years, the typical caller at CareOne Credit, one of the biggest debt counseling outfits in the nation, has been a woman in her 30s with a family income of $30,000 to $35,000 and a credit score around 550 . In the past two months, though, the people at CareOne have noticed a shift. It’s still women who usually get stuck making the call, and the age range isn’t dramatically different

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Why the Stock Market Keeps Plummeting

Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%

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