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Showing posts with label world economy. Show all posts
Showing posts with label world economy. Show all posts

Obama Takes Office With World Economy in Crisis


-Reuters
Barack Obama took office on Tuesday with bank shares tumbling, Japanese consumer sentiment slumping, and the car sector teetering. The first African-American to become U.S. president swore to preserve, protect and defend the Constitution against a backdrop of a deep economic downturn, a trillion dollar federal deficit and fears of more bank losses.
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