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'Historic' budget cuts roughly equal to 2008 payroll growth

The San Diego Union-Tribune found that "San Diego's payroll ballooned by $41 million last year, fueled by unpublicized payouts, labor settlements and costly benefits."  Analysis of spending data  "helps put […]
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Foreclosure backlog continues to threaten economic recovery

Renae Merle of The Washington Post reports that a backlog of delinquent mortgages threatens the nation's economic recovery. "It masks the full extent of the foreclosure crisis and threatens to […]
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Generous Assembly

A five-part series in The News & Observer (Raleigh, N.C.) put the spotlight on costly state policy decisions. Stories addressed wide-ranging topics: the high cost of enforcing the state's mandatory […]
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School district pays for risky bond swaps

The Morning Call in Allentown, Pa., published “Risky Business,” a four-part series on the Bethlehem Area School District’s costly use of variable-rate bonds and swaps to finance hundreds of millions […]
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Commercial real estate losses threaten local banks

"Commercial real-estate loans could generate losses of $100 billion by the end of next year at more than 900 small and midsize U.S. banks if the economy's woes deepen, according […]
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Vacant homes, neighborhoods plague the Rust Belt

"An analysis by The Associated Press, based on data collected by the U.S. Postal Service and the Housing and Urban Development Department, shows the emptiest neighborhoods are clustered in places […]
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Project identifies top lenders at center of financial meltdown

A project by the Center for Public Integrity delved into the financial crisis by analyzing 7.2 million subprime loans made from 2005 through 2007. The analysis revealed 25 lenders responsible […]
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Recession impacts diabetics’ health

An Associated Press investigation found that many diabetics are reducing or forgoing doctor visits, medications and testing due to financial pressures. Business writer Linda A. Johnson reports that, “People with […]
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Buffett benefits from bailout

Charles Piller of The Sacramento Bee reports that billionaire Warren Buffett's Berkshire Hathaway "owns more than $13 billion of stock in the top recipients of TARP funds – including Goldman […]
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BankTracker crunches numbers from FDIC reports

An analysis of bank financial statements by the Investigative Reporting Workshop at American University and msnbc.com, sheds new light on just how dangerous conditions have become in many banks across […]
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