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U.S. jobless claims fall for third straight week

WASHINGTON — New claims for unemployment benefits fell for the third week running to their lowest level since April, suggesting improved health in the troubled US job market, official data showed Thursday. Initial US jobless claims fell to 388,000 in the week ending November 12, the Labor Department said. The…

Obama invokes Martin Luther King in today’s political battles

WASHINGTON — US President Barack Obama drew inspiration Sunday from the civil rights struggles of Martin Luther King in facing down today’s political gridlock in Washington. “When met with hardship, when confronting disappointment, Dr. King refused to accept what he called the ‘is-ness’ of today. He kept pushing towards the…

Investment guru Warren Buffett says US downgrade ‘doesn’t make sense’

Investing guru Warren Buffett criticized the Standard & Poor’s downgrade of the long-term US credit rating, saying it “doesn’t make sense” and would have a limited impact on markets. “I don’t get it,” the highly-respected founder and chairman of Berkshire Hathaway told Fox Business News late Friday, saying his Omaha,…

Obama calls for end to bickering after credit rating loss

The White House on Saturday called for an end to the political gridlock blamed for the first-ever US credit rating downgrade as allies voiced confidence in the world’s largest economy. Standard & Poor’s cut the US rating for the first time in history Friday, by one notch from its top-flight…

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