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Economy. Fed Acts to Rescue Financial Markets "Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve approved a $30 billion credit line to engineer the takeover of Bear Stearns and announced an open-ended lending program for the biggest investment firms on Wall Street."
Homeless in New Orleans. New Orleans' homeless rate swells to one in 25 residents "The homeless population of New Orleans since Hurricane Katrina has reached unprecedented levels for a U.S. city: one in 25 residents." Many still feel wrath of storm "Advocates for the homeless and officials said many of the city's homeless are
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