News Selected By World News Trust Editors
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U.S. Foreclosure Filings Rise 12 Percent in February (Bob Ivry)
U.S. foreclosure filings last month jumped 12 percent compared with a year ago as homeowners struggled with declining home values and higher adjustable mortgage rates.
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Crude Oil Rises to a 3-Month High on Increased Iranian Tension (Mark Shenk)
Crude oil jumped almost $1 a barrel in New York to the highest price this year after Iran took British naval personnel captive and the UN imposed sanctions on the country.
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New-Home Sales in U.S. Drop to Lowest Since June 2000 (Joe Richter)
New-home sales in the U.S. unexpectedly fell in February to the lowest level in almost seven years, dimming prospects for a quick revival in housing.
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Time to try Iraq war leaders -- Spanish judge Garzon
The judge who tried to jail Chile's former dictator Augusto Pinochet said Tuesday it was time to hold U.S. President George W. Bush and his allies to account for waging war in Iraq.
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Global Stocks In Step, Sending Managers to Arbitrage (Daniel Hauck and Alexis Xydias)
Stocks worldwide are moving closer in tandem than at any time in two decades, reducing opportunities for money managers and forcing investors used to buy-and-hold strategies to trade more like hedge ...
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Wolfowitz Speeds World Bank Aid, Raising Corruption Concerns (William McQuillen)
World Bank President Paul Wolfowitz is speeding up aid to war-scarred countries in an initiative that may conflict with his long-standing campaign against corruption.
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Senate panel OKs subpoenas for key aides (Julie Hirschfield Davis)
A Senate panel, following the House's lead, has authorized subpoenas for White House political adviser Karl Rove and other top aides involved in the firing of federal prosecutors.
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Pre-War Assumptions Led to Flawed Iraq Plan, U.S. Report Says (Tony Capaccio)
The Bush administration's rosy pre- war assumptions about the speed at which Iraq would stabilize led to poorly coordinated, haphazard planning for post-war reconstruction that's brought waste and ...
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Fed Keeps Rate at 5.25%, Drops Reference to `Firming' (Craig Torres)
The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and unexpectedly abandoned its tilt toward higher borrowing costs.
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House panel defies Bush, votes for subpoenas (CNN)
House Democrats voted today to give their leaders the authority to force Karl Rove, and other key White House aides, to testify on the firings of U.S. attorneys. President Bush has said sworn ...
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Consumer Confidence Plunges Amid Rising Gas Prices (Jon Cohen)
Consumer confidence plunged this week, reversing its gains for the year amid rising gas prices, a volatile stock market and fresh signs of inflation.
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