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Editorial Results (free)

1. Obama Nominates Yellen to Succeed Bernanke at Fed -

WASHINGTON (AP) – In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful central bank.

2. Surprise From Fed: No Pullback in Bond Purchases -

WASHINGTON (AP) – In a surprise, the Federal Reserve has decided against reducing its stimulus for the U.S. economy because its outlook for growth has dimmed in the past three months.

The Fed said it will continue to buy $85 billion a month in bonds while it awaits conclusive evidence that the economy is strengthening. The Fed's bond purchases are intended to keep long-term borrowing rates low to boost spending and economic growth.

3. Fed Faces Many Uncertainties as It Meets This Week -

WASHINGTON (AP) – The Federal Reserve is being engulfed by the one thing it tries to prevent: uncertainty.

Will the Fed take its first step Wednesday toward reducing the extraordinary stimulus it's given the U.S. economy?

4. Summers Withdraws From Consideration for Fed Chief -

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman.

5. Investors Look to Fed for Further Clues on Rates -

WASHINGTON (AP) – When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know: When it will slow its bond purchases, which have kept long-term borrowing rates low.

6. Obama's Economist Pick Seen as Sign of New Agenda -

HONOLULU (AP) – Among the first announcements President Barack Obama will make upon returning from his Hawaiian vacation is his choice for top economic adviser, a decision that could signal a new direction for the administration as it struggles to jumpstart the economy and wrestle down unemployment.

7. Obama Aide's Exit Could be Prelude to More Changes -

WASHINGTON (AP) – The departure of President Barack Obama's top economic adviser at the end of the year could provide the White House with an opportunity to revamp its economic team after the November elections, when voters are expected to take out their anxieties on Democrats.

8. Recession Pain Still Real, Despite End, Obama Says -

WASHINGTON (AP) – President Barack Obama said Monday he doesn't care that the Great Recession has been declared over by a group of economists. For the millions of people who are out of work or otherwise struggling, he said, "it's still very real for them."

9. Trade Deficit Narrows to $42.8 Billion in July -

WASHINGTON (AP) – The trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years, reflecting big gains in sales of U.S.-made airplanes and other manufactured goods while imports declined.

10. Summers Expects Financial Overhaul to Pass Senate -

WASHINGTON (AP) - President Barack Obama's top economic adviser said Sunday he believes Congress will pass new oversight rules for the financial industry.

Lawrence Summers also said putting even more Americans back to work is a White House "preoccupation."

11. Debt Woes in Europe Could Infect U.S. Recovery -

WASHINGTON (AP) - The United States, which led the world into recession, may now see its fragile recovery stifled by events across the globe.

Dangerously high debt levels in Greece and some other European countries could trigger a wave of national defaults, undermining revival in Europe and probably in the U.S. as well.

12. White House Picks New Cyber Coordinator -

WASHINGTON (AP) - The White House has tapped a corporate cyber security expert and former Bush administration official to lead the effort to shore up the country's computer networks and better coordinate with companies that operate 80 percent of those critical systems.

13. Job Losses Mar Recovery, Create Woes for Dems -

WASHINGTON (AP) - A distressed economy is widely blamed for President George H.W. Bush's re-election defeat in 1992, and a decade earlier, for the loss of 26 House seats in midterm elections by Ronald Reagan's Republicans. Yet in both instances recession had already ended or was winding down.

14. Gov't Helps Keep Loans Cheap – If You Can Get One -

NEW YORK (AP) - It's a good time to borrow money for a home, car or small business.

A year after a global freeze in the credit markets prompted massive government intervention to prevent the financial system from collapsing, interest rates remain at historic lows. But banks are demanding more collateral, bigger down payments and detailed financial histories from borrowers.

15. Fed's Steps to Aid Banking System Raise Risks, Too -

WASHINGTON (AP) - The Federal Reserve's bold steps to prevent the banking industry from collapsing last year have injected new dangers into the financial system.

Analysts and government officials fear that the nation's biggest banks will be emboldened to resume excessive risk-taking on the belief that the Fed will be there – again – to prevent them from collapsing.

16. Risk-taking is Back for Banks One Year after Crisis -

NEW YORK (AP) - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.

Goldman Sachs, JPMorgan Chase and others – which have received tens of billions of dollars in federal aid – are once more betting big on bonds, commodities and exotic financial products, trading that nearly stopped during the financial crisis.

17. Obama Officials: Taxes May Rise to Pay Health Care -

WASHINGTON (AP) - Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system.

18. White House Putting Off Budget Update -

WASHINGTON (AP) - The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.

The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.

19. Biden: Council Will Help Auto Workers Get New Jobs -

PERRYSBURG, Ohio (AP) - A new government council will help auto industry workers transition to new manufacturing opportunities, including jobs in alternative energy, Vice President Joe Biden said Tuesday.

20. At Last, Economy Leveling Off – But Bumps Not Over -

WASHINGTON (AP) – At last, after a nerve-racking six-month descent, the economy appears to be leveling off.

But don’t assume the bumps are over.

Stock investors, shoppers and home buyers are less jittery. Once-frozen credit markets are slowly thawing. And economic indicators that had been going from bad to worse are showing signs of stabilizing – though still at distressed levels.

21. GM Shares Reach 75-Year Low Amid Bankruptcy Talk -

NEW YORK (AP) - General Motors Corp. shares fell to their lowest point in more than 75 years Friday, as investors fretted that the ailing automaker may be forced to file for bankruptcy protection despite government help.

22. Official: Plan Will Buy Some of Banks' Bad Assets -

WASHINGTON (AP) - An administration official said Monday the overhaul of the government's $700 billion financial rescue program is likely to include a partnership with the private sector to buy troubled assets.

23. Congress Takes Up Economic Plans, Treasury Nominee -

WASHINGTON (AP) - Congress is set to tackle the economy this week by considering President Barack Obama's choice to head the Treasury Department and by acting on legislation to spur economic growth.

24. Bernanke: Obama Stimulus Helps, More Action Needed -

LONDON (AP) - A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.

25. Obama Adds Econ Advisers, Says 'Help on the Way' -

CHICAGO (AP) - President-elect Barack Obama pledged Wednesday to have an economic plan ready for action on the nation's financial crisis on his first day in office. "Help is on the way," he declared.

26. Obama Wants Econ Rescue Approved 'Right Away' -

CHICAGO (AP) - With the economy in crisis, President-elect Barack Obama urged the new Congress to pass a quick economic stimulus bill, pledged help for the troubled auto industry and blessed the Bush administration's bailout of the financial industry.

27. Wall Street Turns to Consumers To Gauge Economy -

NEW YORK (AP) – Wall Street heads into another turbulent week with investors set to pore over a government report on retail sales and earnings from Wal-Mart Stores Inc. to get a better reading on consumers.

28. Administration Speeds Up On Economic Problems -

WASHINGTON (AP) – At a time when most administrations are slowing down, the Bush White House appears to be speeding up – at least when it comes to getting the $700 billion financial rescue program up and running.

29. FedEx Continues Weathering Economic Storm -

It is arguably the most successful business story to emerge from Memphis, and it is a company whose performance is widely regarded as a ground-level indicator of the country’s economic health.

So it’s probably no surprise last week’s wild stock market swings did not spare

30. FDIC Chief Wants Home Loans Part of Bailout Plan -

WASHINGTON (AP) - As Congress moves on the financial bailout plan, restructuring of troubled mortgages should be part of the final package, the head of the Federal Deposit Insurance Corp. said Tuesday.

31. Democrats, Republicans Promise Speedy Work on Economic Stimulus Legislation -

WASHINGTON (AP) - Under pressure to act quickly on the sagging election-year economy, Democratic and GOP leaders held talks Wednesday amid increasing optimism that the warring factions might actually agree soon on an economic stimulus bill.

32. Administration Considering a Possible Economic Stimulus Package to Ward Off Recession -

WASHINGTON (AP) - The Bush administration, faced with a deteriorating economy and a big jump in unemployment, said Friday it was considering an economic stimulus package that might include tax cuts to ward off a recession.

33. Dixon Gallery and Gardens Appoints Sharp as Director -

The Dixon Gallery and Gardens Board of Trustees has appointed Kevin Sharp as the museum's new director. Sharp received a bachelor's degree in art history from Central Missouri State University and completed graduate studies at the University of Illinois in art history and architecture. He previously served as the research curator for The Art Institute of Chicago and as the curator of American art at the Norton Museum of Art in West Palm Beach, Fla.

34. Archived Article: Graham Jts - 1/30 jts Lawrence Graham Companies, executives need to address passive bias Author, attorney to speak at Rhodes College By JAMES SNYDER The Daily News Lawrence Graham thinks corporate executives need to do more to combat race bias among their ranks,...