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As economic recession marches on in Spain 'Robin Hood' character galvanizes poor, unemployed

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Spain continues to struggle to rebuild its economy and those who are out of work are growing increasingly frustrated. In recent months, several workers marches have been held, and in some the generally peaceful protests have turned into mob actions, which include stealing from grocery stores and banks -- ostensibly for the poor.
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Get ready for higher prices: Drought makes it tough for Mississippi River shipping

The persistent drought across much of the United States has another casualty, the water in the Mississippi River. One of America's primary ways for shipping commodities to markets around the world, the low water levels means smaller barges, closed stretches of the river and, eventually, higher prices for all of us....
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Greek politicians eye Orthodox Church's income, expenses as target for budget cuts

In Greece, the Orthodox Church is tied financially to the state. The state pays some priests and exempts the church and its activities from any taxes. But with tight economic times, some politicians are calling for the relationship to be adjusted....
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British bank accused of laundering Iranian money, violating U.S. law

The British-based Standard Chartered Bank is accused of laundering over $250 billion for Iranian banks over the last ten years, allegedly with the support of upper management. It is against U.S. law to do business with Iranian banks....
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New England's economy more linked with Europe than most of the U.S.

As Europe's economy veers further into trouble, one U.S. region in particular is at greater risk of seeing the European crisis impede its own economic fortunes. Europe and New England are closely tied together, and that's hurting New England's effort at its own economic recovery....
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U.S. economy shows mixed signs -- adds 163,00 jobs, but unemployment rate rises

It was a mixed bag Friday morning when the latest labor report was released. Jobs were up, but so was unemployment. And both Republicans and Democrats were moving to capitalize politically on the mixed message. One bright point, though, was that manufacturing jobs are growing faster than at any point in almost 30 years....
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European Central Bank officials express support for euro; decline to back words with action

The European economy continues to struggle, but European bankers say they're as confident as ever in the euro's stability. But with Germany watching on, they decline to take any action....
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Proposed tax hikes in France strike a nerve with top earners

French President Francois Hollande has called for a 75 percent income tax on top earners in France to help lower the country's deficit. The hope is to stave off contagion from other faltering euro zone countries, but the proposal has received harsh criticism from France's business class....
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U.K. rules restrict use of Olympic terms to official businesses, Union Jack steps in

As part of getting the Olympics, the United Kingdom had to pass a series of laws that made it illegal for businesses that aren't official sponsors to use certain Olympic terms. So local businesses have had to get creative....
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State law, bad decisions caused Pennsylvania cities' problems, expert says

Several cities and towns in Pennsylvania are experiencing serious financial distress. Stateline.org writer Stephen Fehr says much of these cities' trouble can be tracked back to government action....
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