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With economy plummeting, food scavenging on the rise in Spain

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A report released Friday showed unemployment is Spain has reached 24.4 percent. Over 5.5 million Spaniards are jobless. As the recession deepens, more Spaniards have turned to scavenging for food to supplement their budgets.
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Small Greek community turns to local currency as economy struggles

In Volos, locals have started to use their own barter-based currency, called TEM. It hasn't replaced the euro but lives alongside it, and local residents say they can't imagine how their economy would function without it....
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Obama's poll numbers suffer as Republicans, Democrats shift blame for high gas prices

The price at the pump is climbing and President Barack Obama's poll numbers are sinking. But Republicans and Democrats aren't really doing anything new to address the prices, merely rehashing old talking points. But is there anything they even can do?...
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Greeks turn abroad as economy at home shrinks and sputters

The Greek economy is in shambles and not really showing any signs of improving. That's led many to look abroad for opportunities — but a lot of times the landings abroad aren't much better. It's also put a crimp in the plans of many who'd gone abroad with hopes of one day returning....
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Historic Milwaukee bank caters to newly arrived immigrants

Mitchell Bank open more than 100 years ago, to serve the Polish and German immigrants on Milwaukee's south side. Over time, though, the Poles and Germans moved out and the bank stayed — to serve the area's new Latino population. And the bank has thrived....
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Minister suggests honoring Martin Luther King Jr. by addressing structural poverty

Rather than visiting the Martin Luther King Jr. statue on the National Mall or tuning into the NBA basketball game tonight honoring King, Rev. William Lamar suggests we should be looking for ways to address poverty in America....
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Bank of America agrees to pay $335M over discriminatory lending at Countrywide

To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought....
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Columbia economist says to save our country, economy, we need to hike taxes

A New York economist says in order to get our country back on the right track, we need to raise taxes and get the government spending money on the sorts of things that will propel us into the future. And it needs to do with a comprehensive plan....
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In Spain, hair salons and nail salons finding success in a struggling economy

Spain's struggling economy has left many in the country with a sense of malaise and gloom. Looking for something positive, more and more are turning to the beauty salon or nail parlor for a little pick-up....
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26 of 27 European Union countries indicate interest in tighter economic ties

Only the United Kingdom, one of 10 EU countries not using the euro, indicated it could not support efforts to enshrine new protocols for monitoring country's budgets and enforcing limits on deficits....
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