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Bailout of Citigroup sends message

WASHINGTON – The bailout of Citigroup, which put the government at risk of hundreds of billions of dollars in losses, was set in motion by three men whose professional lives have long been intertwined. CHRIS HONDROS / Getty ImagesCustomers used Citi ATMs in New York yesterday, a day after a bailout was announced. Treasury Secretary Henry Paulson; Citigroup board member Robert Rubin; and...

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Five-year low for the Dow: 7,997

A trader rubs his head while working on the floor of the New York Stock Exchange near the end of the trading day November 19, 2008 in New York City. (Getty Images North America | Chris Hondros)Nov 20:NEW YORK — Wall Street hit levels not seen since 2003 today, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and...

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Unemployment: How to Slow the Bleeding

Unemployment: How to Slow the BleedingIn crafting a spending plan, federal officials must choose between measures that give a fast lift to the economy and those that create sustainable new jobs Spending on infrastructure projects figures to be part of any economic stimulus package Congress considers. Chris Hondros/Getty ImagesBy Related Items Story Tools It's now become apparent that...

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G.M., Once a Powerhouse, Pleads for Bailout

DETROIT — Just two months after celebrating its 100th birthday, is facing the grim prognosis that it may not survive to see another year unless it is rescued by a bailout from the federal government. Rebecca Cook/ReutersRick Wagoner, G.M.’s chief, said his company needed help immediately. Multimedia Related Add to Portfolio Chris Hondros/Getty ImagesA G.M. worker in Moraine, Ohio, at...

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Germany's DHL slashes U.S. delivery service, 9,500 jobs

ATLANTA – Delivery company DHL, hit by heavy losses and fierce competition, is significantly reducing its air and ground operations in the United States and cutting 9,500 American jobs, leaving rivals like FedEx, UPS and the U.S. Postal Service to fight over the customers DHL will stop serving. CHRIS HONDROS / Getty Images A DHL distribution center in New York, pictured yesterday, will...

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Spitzer Won't Face Charges for Scandal

Eliot L. Spitzer, with his wife, Silda Wall Spitzer, behind him, announced his resignation as New York governor during a news conference on March 12. (By Chris Hondros -- Getty Images)

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Mood At McCain Headquarters Takes A Somber Turn

Early enthusiasm fades at Camp McCain as news of Obama's lead comes in. Photo: Chris Hondros/ Getty Images Related Videos Election Day Is Here, Now The Choice Is Up To You!

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You Voted, Now Tell Us What You Think Of The Results

Share your enthusiasm and/or disappointment to the election results. Photo: Chris Hondros/ Getty Images

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Poll: Did the best man win the US election?

Supporters of Democratic presidential nominee U.S. Sen. Barack Obama (D-IL) celebrate as they hear their state Ohio has been called for their candidate. Photographer: Chris Hondros

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Obama And The War On Terror

... The consequences of our losing are unthinkable. (Photo commemmorating the mass murder of 9/11 by Chris Hondros/Getty.)