The city of Inkster, Mich., has just laid off 20 percent of its police force in an effort to make ends meet. The cutbacks illustrate a larger paradox currently at work in the labor market: While the private sector is slowly adding jobs, the public sector continues to shed them.
The cause of the butter blackout on the eve of the year's biggest baking holiday isn't entirely clear. But some Norwegians say the country's biggest dairy cooperative didn't import butter even when it became clear it might run out.
The company's name was once synonymous with photography, but after years in decline, Kodak is shifting gears to focus on more profitable commercial printing operations — a plan that CEO Antonio Perez says is sure to renew profitability.
Newt Gingrich's plan to rewrite the nation's tax policy hasn't gotten as much attention as some of his other proposals, but according to a new analysis it would require sweeping changes to the government. The nonpartisan Tax Policy Center found that 70 percent of Americans would see their taxes go down.
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