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News for the Carolinas
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Tuesday, August 09, 2011
August 4th, the Dow Jones Industrial Average dropped 513 points, the lowest fall since the 2008 financial crisis. August 8th topped last week's mark with a 634 point drop in the Dow after S&P announced it was dropping the status of U.S. Bonds from AAA to a AA+. What do you think about the state of the economy? Do you have faith it will bounce back?
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Wednesday, July 27, 2011
South Carolina's financial leaders plan to meet with Moody's Investor Service as the rating agency considers whether the national debt crisis should cause the state to lose its top credit rating.
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Friday, July 08, 2011
The American government is broke. Rather, like many American families, it uses borrowed money to operate on a daily basis. But unlike the average American, the government doesn't ask a bank or credit card company for more money; it can sell more debt on the open market and raise its own credit limit.
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