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Fed ready to slash rates amid deepening recession
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With the recession dragging down consumer prices and home construction, the Federal Reserve is prepared to slash a key interest rate - perhaps to an all-time low - in a desperate bid to stem the country's economic slide.
Obama names Chicago school chief to Education Dept.
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President-elect Barack Obama announced Arne Duncan, the head of the Chicago school system, as education secretary Tuesday and said failing to improve classroom instruction is "morally unacceptable for our children."
TNT discovered at famed Paris department store
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Police acting on a warning Tuesday found a bundle of dynamite inside a Paris department store at the height of the Christmas season, and a group demanding that France withdraw from Afghanistan claimed responsibility.
Illinois impeachment panel begins work
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An Illinois legislative impeachment panel started work on an unprecedented impeachment process Tuesday, taking the first steps toward removing Gov. Rod Blagojevich from office.
No respite as wintery storms spread over nation
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Freezing air blanketed much of the nation Tuesday, making roads hazardous in Texas and slowing recovery from ice storm blackouts in New England, in the second day of a bitter cold wave.
More than 130 A-list actors oppose strike vote
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Delivering a rebuke to the leadership of the Screen Actors Guild, more than 130 actors signed a letter urging their colleagues to reject a strike-authorization vote in January.
Serious flaw in Internet Explorer not fixed yet
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Users of all current versions of Microsoft Corp.'s Internet Explorer browser might be vulnerable to having their computers hijacked because of a serious security hole in the software that had yet to be fixed Monday.
Harrington voted PGA Tour player of the year
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Padraig Harrington was voted PGA Tour player of the year by his peers Tuesday, becoming the first European player to win the award since it began in 1990.
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