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economy

(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Obama’s Diet Pays Off; Gets Clean Bill Of Health

The results of Barack Obama's recent physical have been released.
In a two-page report released by the “first doctor,” Dr. Jeffrey C. Kuhlman gave the president a strong bill of health, saying he was a physically active 50-year-old who eats a healthy diet (the president regularly cites the influence of the first lady, Michelle Obama, for that one), stays at a healthy weight and “on occasion drinks alcohol,” in moderation

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Soure:  kraftfoodscompany.com
Soure: kraftfoodscompany.com
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Kraft Foods Reports Increased Earnings And Potential Growth

Kraft Foods must be doing something right.  Even in a soft economy, they reported revenue yields higher than expectations.   They're also poised for future growth.
Kraft announced in August that it would split its business into two publicly traded companies

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(Photo by Matt Dunham - WPA Pool/Getty Images)
(Photo by Matt Dunham - WPA Pool/Getty Images)
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First Lady To Publish First Book

Grab a side of french fries and ice cream;  Michelle Obama is getting ready to publish a garden book that describes the vegetable garden that's grown on the South Lawn for the last three years.
First Lady Michelle Obama's book about her garden will be titled American Grown: How the White House Kitchen Garden Inspires Families, Schools, and Communities and will be published in April

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(Photo by Mark Wilson/Getty Images)
(Photo by Mark Wilson/Getty Images)
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Walmart Slashes Health Benefits For Some Employees, Raises Premiums For Others

I thought the Health Care Bill was supposed to improve benefits for Americans?

The giant retailer says rising health care costs are forcing it to eliminate healthcare coverage for future part-time workers who work less than 24 hours a week.

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(Photo by Ron Sachs-Pool/Getty Images)
(Photo by Ron Sachs-Pool/Getty Images)
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The Degradation Of American’s Standard Of Living

Even though the recession has been over since mid 2009, American's are struggling with the lowest standard of living they have experienced in over 50 years.

Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009

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(Photo by Brendan Smialowski/Getty Images)
(Photo by Brendan Smialowski/Getty Images)
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Barack Obama’s Teleprompter Stolen

What will he say now?

It appears that Barack Obama's teleprompter and podium has been stolen.
A van containing President Obama's teleprompter and podium were stolen from a Virginia hotel parking lot on Monday, according to NBC12 in Richmond

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Source:  hattiesburgermemory via flickr
Source: hattiesburgermemory via flickr
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Lowe’s Shutting Down Stores, Slowing Future Openings

The flaccid economy continues to present problems for some of the nations largest companies.   With less money available for home improvement-style projects, Lowe's is forced to change their business model

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Soure:  Mintz242 via flickr
Soure: Mintz242 via flickr
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AT&T Bolsters T-Mobile Merger By Donating To Charities

As someone old enough to remember when AT&T was split up in the early 1980's, I find the business cycle interesting:  Here we are again, only this time AT&T is merging with companies to get bigger.

Som

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Source:  nedoho via flickr
Source: nedoho via flickr
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Country Kitchen And Ground Round Among The Disappearing Restaurant Chains

Two names that are familiar to Twin Ports residents are among the list of disappearing restaurant chains.
Using data provided by food industry research firm Technomic, 24/7 Wall St. has looked at the 10 restaurant chains with the greatest decline is sales from 2001 to 2010

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(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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GAP Closing One-Third Of It’s U.S. Stores

Telling financial news that the economy in the United States is still suffering:  GAP announced that it will close one-third of it's domestic stores by 2013 - while expanding globally.
Although it is shrinking its retail footprint in the U

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Source:  Williamhartz via flickr
Source: Williamhartz via flickr
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Some Restaurant Chains Prosper With Customers Despite The Economy

Sure the economy has been tough on all businesses - especially restaurants.   But, financial analysts on Wall Street have taken note of some of the more resilient restaurant chains - going so far as to say that they would make good stock picks

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(Photo by Bill Pugliano/Getty Images)
(Photo by Bill Pugliano/Getty Images)
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U.S. Household Income Drops Dramatically Over The Last Two Years

In what appears to be the largest drop in decades, U.S. household income paced negatively the last two years.

During the recession, which economists say lasted from Dec. 2007 to June 2009, the median annual household income fell by 3.2 percent, from $55,309 to $53,518, according to a report authored by two former U.S. Census Bureau officials. But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011.

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