Economy

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Forum Delegates Are Anxious About World Economy

Renee Montagne talks to Nariman Behravesh, chief economist at IHS Global Insight, about key issues dominating this year's World Economic Forum in Davos, Switzerland. With Europe on the brink of recession, the mood at the meeting is not as upbeat as it was last year.
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Job Fairs Help Iraq, Afghan War Veterans

The unemployment rate dropped to 8.5 percent last month. But veterans of the Iraq and Afghanistan wars still find it difficult to get hired. The unemployment rate for them is above 13 percent. For the past year, business leaders have held a series of job fairs across the country to try to help former service members land work.
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To Grow Business, Starbucks Thinks Outside The Cup

The company serves 60 million beverages a week, which adds up to big profits. But it's looking to do more. In a bid to further expand its consumer base, Starbucks has a new roast and plans to produce more retail products to sell outside of its coffeehouses.
NPR

Quiznos Gives Up Control To Stave Off Bankruptcy

Quiznos once boasted 5,000 restaurants, but a slumping economy, higher supply-chain costs and tough competition from Subway have left the sandwich chain in tough straits. After seeing hundreds of its stores close, Quiznos gave up control to one of its biggest creditors to avoid bankruptcy.
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No, Hedge Funds Can't Foreclose On The Acropolis

There's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.
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Taking His Economic Message On The Road, Obama Touts Factory Jobs In Iowa

President Obama kicked off a three-day re-election road tour Wednesday, starting out at a manufacturing plant in Iowa. The president is promoting job growth in the manufacturing industry while defending the government's bailout of the auto industry.
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Shoe Company Practices Insourcing For The Sole

In his State of the Union address, President Obama talked about bringing jobs back to the U.S. Oregon shoe maker Keen is doing its part. The company opened its first American factory in 2010, and while it still produces most of its shoes in Asia, Keen's CEO says manufacturing in the U.S. has been a "giant leap" for the company.
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Treasury Secretary Geithner Doesn't Expect To Be Part Of A Second Term

Geithner say she's confident President Obama will be re-elected. And, Geithner's also confident "he's not going to ask me to stay on." He spoke with Bloomberg Television today.

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