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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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Tuesday, August 09, 2011
U.S. Rep. James Clyburn is criticizing Standard & Poor's downgrade of America's debt rating, saying the decision was based more on politics than economics.
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Monday, August 08, 2011
South Carolina's treasurer says a decision to downgrade long-term U.S. debt's top-notch bond rating may have little effect on the state, though nothing's certain.
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Wednesday, August 03, 2011
Reaction to the debt ceiling deal in Washington has been mixed at best.
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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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