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Why Italy Is So Scary

Italy's borrowing costs spiked Wednesday, pushing the country into bailout territory. But Italy is too big to be saved by Europe's bailout fund. Although the same story has played out in other European countries, an Italian default could be catastrophic.
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Italian Lawmakers To Consider Debt Plan

Italy's prime minister Silvio Berlusconi announced Tuesday that he would step down after an economic overhaul plan is approved. The announcement comes amid European concerns over Italy's solvency following the Greek debt crisis.
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Greek Leaders Disagree On Country's Next Leader

Greece is still struggling to form a temporary coalition government. The country's economy is in shambles with default a real possibility. And that's something that could ripple through Europe's economy. The problem is, lawmakers in Greece can't agree on who should lead that government.
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Biofuels Start To Take Off In The Airline Industry

This week, a Continental flight from Houston to Chicago used a biofuel blend made in part from algae, and Alaska Airlines will fly passengers using a fuel made in part from cooking oil. The fledgling environmental effort has many hurdles, as biofuel costs nearly six times as much as regular jet fuel.
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Italy's Growing Debt Woes Have Investors On Edge

On the face of it, Italy's economy has plenty of strengths. But its total debt is equal to 120 percent of its GDP. And with the cost of borrowing quickly rising, investors are growing increasingly concerned with the risk of default, which would spread throughout Europe and the rest of the world.
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Maryland Business Leaders Divided On Economy

A forum featuring business leaders and Maryland's financial managers produced mixed opinions about the state of the economy on Tuesday.

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Rockford, Ill., Shuts Off Streetlights To Save Money

Guy Raz speaks with Corina Curry, a reporter at the Rockford Register Star, about the streetlight removal program in Rockford, Ill. In order to close a budget gap, the city is turning off 2,400 — or 15 percent — of the city's streetlights. The move is supposed to save the city half a million dollars, but residents have complained about its effect on public safety.

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