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President Beats Up Banks Over Student Loans

The President is backing a bill that passed the U.S. House of Representatives. If passed, the bill would reduce banks’ and Sallie Mae’s part of the $92 billion university student loan business. Instead, the U.S. Education Department would run a new program.
“Ending this unwarranted subsidy for the big banks is a no-brainer for [...]

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Expect Millions Of Foreclosures

Washington, DC — The loan modification that was supposed to offered to homes going into foreclosure does not appear to be working. Michael Barr, assistant Treasury secretary for financial institutions, said, “The recent crisis in the housing sector has devastated families and communities across the country and is at the center of our financial [...]

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The Cities On Flame

California has at least five major forest fires that are not under control. The largest is The Station Fire:
Name: Station Fire
County: Los Angeles County
Location: Hwy 2, 1.5 miles north of USFS Angeles Crest Station
Administrative Unit: Angeles National Forest
Status/Notes: 144,743 acres – 38% contained
Date Started: August 26, 2009 3:30 pm
Last update: September 3, 2009 7:00 [...]

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