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John McCain, Barack Obama campaign in key Midwest states (U.S., 20 articles)
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Something similar might be said about today's economy, although Phil Gramm, a remarkably out-of-touch former senator from Micheal Ray's home state of Texas, would beg to differ. DAYTON, OHIO Democrat Barack Obama focused on energy today while Republican John McCain campaigned on women's issues as the presidential campaigns turned to two pivotal Midwest states. The adviser, former Senator Phil Gramm sought to clarify his remarks Thursday by saying he had been referring only to some of the nation's leaders. As the price of crude oil crept to $144.17 a barrel today, Obama said hostile nations could use oil profits to fund terrorism. Sen. Barack Obama blasted his Republican rival today after one of Sen. John McCain's top economic advisors said the nation was in a "mental recession" and complained America is " a nation of whiners. WASHINGTON John McCain, angling to win a bigger share of the fast-growing Latino vote, is taking the risky step of placing an immigration overhaul at the center of his appeal. The presumed Republican presidential nominee, who trails Barack Obama among Latinos, had been focused on assuring conservatives that securing the U.S. border with Mexico would be his immigration priority.
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Q&A: Freddie Mac and Fannie Mae (Finance, 35 articles)
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WASHINGTON - A day that began with a stomach-churning drop in stock prices for the two largest mortgage finance companies ended with a measure of relief, after government officials and lawmakers managed to calm investors worried about the health of the two companies. I. Even after a week of unprecedented losses, the companies' declines early Friday were the sharpest yet: Freddie Mac shares were down more than 50 percent early in the day before paring their losses in the afternoon. Wall Street analysts disagree over how high the companies' losses will mount as home prices decline further and foreclosures grow, an outcome that depends on the course of the housing market and the broader economy.
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Official: Iran missile tests used 'old equipment' (World, 28 articles)
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WASHINGTON- Iran's missile test this week did not demonstrate any new capabilities, according to a U.S. official familiar with the intelligence, and the test may not have included one of the longer-range missiles Iran claims was among those launched. The confrontation between Iran and the United States seemed to sharpen on Thursday as Iran said it tested missiles for a second day and Secretary of State Condoleezza Rice said the United States would defend its allies and protect its interests against an attack. The United States, Israel and other Western countries say Iran is seeking to develop nuclear weapons, but Iran says the program is for civilian purposes.
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Apple's MobileMe hits snag as iPhone hits store shelves (Science/Technology, 20 articles)
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Apple suffered extensive network gridlock Friday morning, as many of the six million users of the original iPhone tried to upgrade to new software while the first buyers of the new iPhone 3G were trying to activate their purchases. Lining up for your iPhone? Retailers are planning to make the wait for Apple's much hyped iPhone 3G, which goes on sale at 8 a.m. today at Chicago Apple and AT&T store, as painless as possible. O2 customers determined to get their hands on Apple's new 3G iPhone caused the network's website to crash this morning as they rushed to pre-order the new device.
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Global Warming Talks Leave Few Concrete Goals (U.S., 6 articles)
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The prospect of an international agreement on climate change appears as remote as ever after a week of frantic negotiations in which a US concession met a rebuff from developing countries. The consensus marked a significant shift from President George W. Bush, who had previously refused to set a figure on future emissions. India and China rejected the Group of Eight's declaration on climate change yesterday as leaders of the developing world demanded that rich countries should take a stronger lead on preventing global warming.
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