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<rss version="2.0"><channel><title>Yahoo! Finance: Economic News</title><link>http://biz.yahoo.com/topic/economy-gov/</link><description>The latest news on the economy from Yahoo! Finance</description><language>en-us</language><lastBuildDate>Sat, 7 Nov 2009 18:58:17 Etc/GMT</lastBuildDate><image><url>http://us.news2.yimg.com/us.yimg.com/p/fi/pr/40197.gif</url><title>Yahoo! Finance</title><link>http://finance.yahoo.com</link><width>144</width><height>17</height></image><item><title>G-20 finance officials: Too early to end stimulus (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091107/g20_finance_ministers.html?.v=29</link><description>Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured, but failed to reach a clear agreement to bear the cost of fighting climate change.</description><guid isPermaLink="false">yahoo_finance/1404038544</guid><pubDate>Sat, 7 Nov 2009 18:58:17 Etc/GMT</pubDate></item><item><title>Jobless: 10 percent is tougher than it used to be (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091107/us_jobless_then_and_now.html?.v=2</link><description>It hurts more to be unemployed now than the last time the jobless rate hit 10 percent. Americans have more than triple the debt they had in 1982, and less than half the savings. They spend 10 weeks longer off the job.</description><guid isPermaLink="false">yahoo_finance/3937522804</guid><pubDate>Sat, 7 Nov 2009 17:22:55 Etc/GMT</pubDate></item><item><title>Jobless rate surges to 10.2 percent (Reuters)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/rb/091107/business_us_usa_economy.html?.v=1</link><description>The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.</description><guid isPermaLink="false">yahoo_finance/306408446</guid><pubDate>Sat, 7 Nov 2009 16:49:48 Etc/GMT</pubDate></item><item><title>Geithner says need to keep stimulus on (Reuters)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/rb/091107/business_us_g20_geithner.html?.v=2</link><description>U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.</description><guid isPermaLink="false">yahoo_finance/3114013357</guid><pubDate>Sat, 7 Nov 2009 16:14:49 Etc/GMT</pubDate></item><item><title>Analysis: 10 percent jobless is Obama&apos;s new world (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091107/us_obama_jobs_analysis.html?.v=2</link><description>For months he had warned it was coming but that didn&apos;t ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.</description><guid isPermaLink="false">yahoo_finance/2334150425</guid><pubDate>Sat, 7 Nov 2009 12:45:05 Etc/GMT</pubDate></item><item><title>Pa. governor: Philly transit strike could end soon (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091107/us_philadelphia_transit_strike.html?.v=1</link><description>A tentative contract agreement has been reached that could end the public transit strike that has idled Philadelphia&apos;s subways, buses and trolleys for four days, Gov. Ed Rendell said late Friday.</description><guid isPermaLink="false">yahoo_finance/4008208886</guid><pubDate>Sat, 7 Nov 2009 05:38:47 Etc/GMT</pubDate></item><item><title>Court ends tobacco company payments in Md., Pa. (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_tobacco_payments.html?.v=6</link><description>North Carolina&apos;s highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement.</description><guid isPermaLink="false">yahoo_finance/2168199163</guid><pubDate>Sat, 7 Nov 2009 03:19:03 Etc/GMT</pubDate></item><item><title>Banks in Ga., Mich., Minn., Mo., Calif. closed (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_bank_closures.html?.v=12</link><description>Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.</description><guid isPermaLink="false">yahoo_finance/433811594</guid><pubDate>Sat, 7 Nov 2009 03:11:11 Etc/GMT</pubDate></item><item><title>Analysis: 10 percent jobless is Obama&apos;s new world (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_obama_jobs_analysis.html?.v=5</link><description>For months he had warned it was coming but that didn&apos;t ease the political shockwaves for President Barack Obama when unemployment topped 10 percent.</description><guid isPermaLink="false">yahoo_finance/1679677665</guid><pubDate>Sat, 7 Nov 2009 02:22:02 Etc/GMT</pubDate></item><item><title>Research and Markets: The 2010 Report on Anti-Obesity Drugs: World Market Segmentation by City (Business Wire)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/bw/091106/20091106005300.html?.v=1</link><description>DUBLIN----Research and Markets has announced the addition of the &quot;The 2010 Report on Anti-Obesity Drugs: World Market Segmentation by City&quot; report to their offering.</description><guid isPermaLink="false">yahoo_finance/4289009143</guid><pubDate>Sat, 7 Nov 2009 02:00:00 Etc/GMT</pubDate></item><item><title>You&apos;ve seen the TV ads. So what is Ally Bank? (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_what_is_ally_bank.html?.v=4</link><description>Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry.</description><guid isPermaLink="false">yahoo_finance/2858089433</guid><pubDate>Sat, 7 Nov 2009 00:50:26 Etc/GMT</pubDate></item><item><title>Unemployment rate hits 10.2%, worst since 1983 (CNNMoney.com)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/cnnm/091106/110609_jobs_october.html?.v=12</link><description>The nation&apos;s unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected as employers continued to trim jobs from payrolls.</description><guid isPermaLink="false">yahoo_finance/336052488</guid><pubDate>Sat, 7 Nov 2009 00:40:00 Etc/GMT</pubDate></item><item><title>Oil settles lower after US unemployment report (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/oil_prices.html?.v=18</link><description>Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.</description><guid isPermaLink="false">yahoo_finance/2524086865</guid><pubDate>Sat, 7 Nov 2009 00:39:50 Etc/GMT</pubDate></item><item><title>Consumer borrowing drops $14.8B in September (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_consumer_credit.html?.v=8</link><description>Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.</description><guid isPermaLink="false">yahoo_finance/3704629594</guid><pubDate>Sat, 7 Nov 2009 00:38:16 Etc/GMT</pubDate></item><item><title>10.2% Jobless Rate Highest Since &apos;83; 190,000 Jobs Lost (Investor&apos;s Business Daily)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ibd/091106/feature.html?.v=1</link><description>Unemployment spiked to a fresh 26-year high of 10.2% in October from 9.8% in September, raising concerns about the economy and consumer spending...</description><guid isPermaLink="false">yahoo_finance/730457684</guid><pubDate>Sat, 7 Nov 2009 00:04:21 Etc/GMT</pubDate></item><item><title>Economy - Friday (Investor&apos;s Business Daily)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ibd/091106/econbrief.html?.v=1</link><description>Leading indicators show growth</description><guid isPermaLink="false">yahoo_finance/3945666139</guid><pubDate>Sat, 7 Nov 2009 00:00:45 Etc/GMT</pubDate></item><item><title>Neb. lawmakers hear 2 sides about budget crunch (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_nebraska_budget_woes.html?.v=4</link><description>To hear directors of some state agencies tell it, managing Nebraska&apos;s worst fiscal crisis in recent memory isn&apos;t that big of a deal. Others tell a totally different story, one of significant cutbacks in services.</description><guid isPermaLink="false">yahoo_finance/1593470946</guid><pubDate>Sat, 7 Nov 2009 00:00:14 Etc/GMT</pubDate></item><item><title>Obama signs bill assisting homebuyers, jobless (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_jobless_benefits_homebuyers.html?.v=19</link><description>President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.</description><guid isPermaLink="false">yahoo_finance/3534228487</guid><pubDate>Fri, 6 Nov 2009 23:56:35 Etc/GMT</pubDate></item><item><title>&apos;Wonderful&apos; art auction raises hope for industry rebound (CNNMoney.com)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/cnnm/091106/110609_art_auction_cnnw.html?.v=3</link><description>A recent sale of Impressionist and modern art at Sotheby&apos;s auction house exceeded sales estimates and raised the hopes of industry insiders that a rebound is under way.</description><guid isPermaLink="false">yahoo_finance/82520539</guid><pubDate>Fri, 6 Nov 2009 23:52:00 Etc/GMT</pubDate></item><item><title>What recovery? Unemployment shoots past 10 percent (AP)</title><link>http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/ap/091106/us_economy.html?.v=49</link><description>Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.</description><guid isPermaLink="false">yahoo_finance/1680569763</guid><pubDate>Fri, 6 Nov 2009 23:39:33 Etc/GMT</pubDate></item></channel></rss><!-- c8.finance.sp2.yahoo.com compressed/chunked Sat Nov  7 11:00:57 PST 2009 -->
