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Greece Names Papademos PM; Italy Is Iffy

ATHENS, Greece, Nov. 10 (UPI) — Negotiators, after days of haggling, named economist Lucas Papademos as Greece’s new prime minister to lead a unity government Thursday. The government pledged to quickly approve stringent terms of a European financial aid package and save the country from going into bankruptcy under crushing debt, The New York Times […]

Jefferson County Faces Costly Climb From Woes

BIRMINGHAM, Ala., Nov. 10 (UPI) — The unprecedented municipal bankruptcy filing by Jefferson County, Ala., will lead to higher borrowing costs, one of the county’s legal advisers said. University of California Los Angeles law Professor Kenneth Klee, who is part of Jefferson County’s legal team, said the county, which is seeking relief from more than […]

Bill Gates Checks Up On Teachers

TAMPA, Fla., Nov. 10 (UPI) — Bill and Melinda Gates visited Tampa, Fla., to check on their $100 million investment in Hillsborough County teacher training reform. The couple sat in on classes, talked with teachers and ate lunch in the cafeteria at Tampa’s Jefferson High School Wednesday to evaluate the progress of reform at the […]

China Inflation Eases In October

BEIJING, Nov. 9 (UPI) — China, battling inflation for months, got some relief Wednesday, with the October rate up 5.5 percent year-on-year, but down from 6.1 percent in September. The October growth in the consumer price index, China’s main gauge of inflation, was the slowest since May of this year, the National Bureau of Statistics […]

Mortgage Activity Rises In Week

WASHINGTON, Nov. 9 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose 10.3 percent in the week ended Friday with long-term mortgage interest rates declining. Interest rates for 30-year, fixed-rate mortgages fell from 4.31 percent to 4.22 percent with points falling from 0.49 to 0.41, the trade group said. Rates for 15-year, fixed-rate […]

Lagarde In China Warns Of ‘Lost Decade’

BEIJING, Nov. 9 (UPI) — International Monetary Fund Director Christine Lagarde Wednesday said the global economy could be headed toward a “lost decade.” “The global economy has entered a dangerous and uncertain phase,” Lagarde said at the 2011 International Finance Forum in Beijing, CNN reported. “If we do not act, and act together, we could […]

OPEC Sees Oil Demand Increasing

VIENNA, Nov. 9 (UPI) — The Organization of Petroleum Exporting Countries said oil demand would increase in the medium term, but much depended on fragile European and U.S. economies. In OPEC’s annual World Oil Outlook, the oil cartel increased its projection on oil demand by 1.9 million barrels per day over last year’s projection to […]

Bioterrorism Threat Seen In Alien Or Invasive Species

BOSTON, Nov. 9 (UPI) — It’s been the stuff of movies, science fiction and alarmist political rhetoric, but new scientific research shows an invasive species incompatible with a specific ecosystem could be deployed as unique biological weapons by terrorist individuals or organizations. The U.S. Department of Agriculture defines invasive species as non-native to an ecosystem […]

Cool Weather Gives Sales A Kick

WASHINGTON, Nov. 8 (UPI) — U.S. sales receipts rose 1 percent in the week ending Saturday with seasonal sales helped by cooler temperatures, a national trade group said. The International Council of Shopping Centers said, “a blast of colder weather helped propel seasonal sales on a week-over-week basis, but year-over-year sales momentum still slowed a […]

Madoff Case Trustee Ups Family’s Liability

NEW YORK, Nov. 8 (UPI) — The trustee charged with recovering funds lost in the Bernard Madoff case is seeking more money from family members, court papers filed in New York say. Irving Picard, who has sued Madoff’s wife for $44 million on behalf of victims in the case, has amended the lawsuit that targets […]

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