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ABC News: Obama Parses Wright & Wrong in Speech (U.S., 52 articles)
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USA TODAY Sen. Barack Obama's speech Tuesday on race and his former pastor's controversial remarks lit up the Internet on a day when the story competed with a surging stock market and a political sex scandal in New York. On Tuesday, Obama addressed it head-on in a speech that bluntly described a history of injustice to blacks, acknowledged the resentments of whites, and ended with the hope that his campaign can help heal racial divisions. Barack Obama on Tuesday called for an end to the "racial stalemate" that he said the US had been locked in for years as he sought to stem the fallout from divisive comments made by his African-American pastor. PHILADELPHIA (AP) und Barack Obama confronted the nation's racial divide head-on Tuesday, tackling both black grievance and white resentment in a bold effort to quiet a campaign uproar over race and his former pastor's incendiary statements. While 77 percent of white voters surveyed by Rasmussen Reports said the Rev. Jeremiah A. Wright's remarks were racially divisive, only 58 percent of African-American voters said so. Mr Obama said he understood the history of anger between black and white Americans but that the US could not afford to ignore race issues.
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Bear Stearns sold to JPMorgan Chase under Federal Bank pressure (Finance, 34 articles)
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LOSERS Bear Stearns: The 85-year-old firm was crippled by a cash crunch as fearful clients flooded the bank to withdraw money and investors refused to lend the firm money. With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread. Despite the weekend agreement for JPMorgan Chase & Co. to buy Bear Stearns for a fraction of its value last week, worries that other banks had sizable exposure to troubled credit markets sent global markets tumbling.
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Fed cuts key interest rate three-fourths of a point (Finance, 23 articles)
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USA TODAY WASHINGTON - Stock prices took their biggest jump in more than five years Tuesday after the Federal Reserve cut interest rates by a dramatic three-quarters of a percentage point and suggested more cuts could be coming. The central bank lowered its federal funds rate - the rate it charges banks for overnight loans - by three-quarters of a percentage point, to 2.25 percent, and left the door open to additional rate cuts in the months ahead. Afraid of being perceived too clearly as a stock market flunky, the Fed didn't mention the worldwide stock market plunge as a reason for cutting rates.
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China accuses Dalai Lama as Tibet violence spreads (World, 41 articles)
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The London-based Free Tibet Campaign said 20 people were arrested in the ensuing violence, and a local official said seven people were injured, as authorities scrambled to quell the worst protests against Chinese dominion over Tibet in two decades Wen's remarks were the highest-level response to last week's rampage in Lhasa, which the government has said killed 16 people and injured dozens. Demonstrations widened to Tibetan communities in Sichuan, Qinghai and Gansu provinces, forcing authorities to mobilize security forces across a broad expanse of western China.
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Article:Only World War II was costlier than Iraq war:/c/a/2008/03/17/MNBVVL9GK.DTL (World, 13 articles)
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WASHINGTON - For a majority of Americans, today marks the fifth anniversary of the start of an Iraq war that was not worth fighting, one that has cost thousands of lives and more than half a trillion dollars. US power and prestige around the world continues to suffer from the war in Iraq and its aftermath, and the next president will struggle to repair the damage, many foreign policy specialists argue. " In the short term, there is not a lot of spare capacity says Sir Lawrence Freedman London.
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