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Obama Announces $2 Billion For Solar Power

President Barack Obama announced Saturday the awarding of nearly $2 billion for new solar plants that he said will create thousands of jobs and increase the country’s use of renewable energy sources. » E-Mail This      » Add to Del.icio.us

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Hayward’s Stand-In Heckled At London Oil Meeting

The owner of the broken Deepwater Horizon rig spewing oil into the Gulf of Mexico criticized President Barack Obama’s six-month ban on deepwater drilling and a BP executive was heckled Tuesday at a major oil conference. » E-Mail This      » Add to Del.icio.us

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Congress wary of ‘plain vanilla’ bank proposal

WASHINGTON – (AP) Congress is expected to reject President Barack Obama’s proposed mandate that banks offer customers “plain vanilla” financial products, such as a 30-year fixed mortgage. The defeat would be a victory for the industry, which contends that such a proposa Excerpt from: Congress wary of ‘plain vanilla’ bank …

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Summers: Troubled firms should be allowed to fail

WASHINGTON – (AP) President Barack Obama’s top economic adviser on Friday pressed for new restrictions on the biggest and most intertwined financial institutions and said the industry should not count on government to rescue them from crisis again. “Our financial system will not be fa Read more: Summers: Troubled firms should …

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Tobacco Makers Sue Over New FDA Powers

When President Barack Obama signed anti-tobacco legislation into law in June, giving the Food and Drug Administration for the first time the authority to regulate tobacco, experts said the law was likely to be challenged in the courts. And today it was. » E-Mail This      » Add to Del.icio.us

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House Passes Bill to Make GM, Chrysler Rehire Dealers (Bloomberg)

Bloomberg – July 17 (Bloomberg) — The U.S. House approved a plan, opposed by President Barack Obama, that seeks to force General Motors Co. and Chrysler Group LLC to restore agreements with dealerships shed during the automakers’ bankruptcy proceedings. Read more: House Passes Bill to Make GM, Chrysler Rehire Dealers … Read …

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