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Closure Of Private Prison Forces Texas County To Plug Financial Gap

A riot at a private immigration prison in Willacy County, Texas, forced officials to close the facility and relocate 2,800 inmates. But it also left the county with a $2.3 million budget shortfall.

Midwest Town Braces For More Steel Layoffs

U.S. Steel is shutting down its Granite City Works in southern Illinois. The plant makes flat-rolled steel for oil companies, which have been hit by lower oil prices.

Oakland Kids Get A Raise From The New Minimum Wage

The highest minimum wage in the nation just went into effect in Oakland, Calif. But what does that mean for young people and how are businesses making it work?

Does This Strong Dollar Make U.S. Look Too Fat For Foreign Investors?

The economic expansion makes the country look both attractive for making money and expensive for companies getting started here.
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Sequestration To Dominate Congressional Agenda This Week

More than $90 billion in automatic federal budget cuts are on the horizon if Congress fails to act, and the capital region stands to lose more than most.


Eurozone Threatened By Divide Between Greece And Germany

Germany, which has backed most of the bailout loans to Greece, wants Greeks to stick to austerity measures. The new Greek government says austerity has destroyed the economy.

Keeping Women Out Of The Work Force Is Economic Nonsense

New studies show how much a country loses if it discriminates. Not only would the women themselves benefit — to the tune of $9 trillion in developing countries alone — the national economy would, too.

Investment Guru Teaches Financial Literacy While Serving Life Sentence

At San Quentin Prison in Calif., an inmate nicknamed "Wall Street" has gained a reputation for his stock-picking prowess while serving a life sentence.

It's All About The Benjamins And Jacksons — But What About The Women?

The bills in your wallet have one thing in common: they all feature photos of men. Now, a campaign hopes to replace Andrew Jackson's face on the 20 with someone like Susan B. Anthony or Rosa Parks.

Prices For Chanel Handbags To Rise In Europe, Lower In Asia

Chanel says it is aligning the cost of its handbags worldwide. The move reacts to the depreciating euro and aims to stop people from buying up the classic bags to sell at a profit in other countries.