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  1. Proposed plan would forgive part of debt (Winston-Salem Journal)
    www2.journalnow.com
    As defaults on credit-card debt grow amid a financial downturn, banks already reeling from the mortgage crisis are losing billions more from unpaid credit-card bills.
  2. Overseas, More Nations Assemble Stimulus Plans (New York Times)
    dealbook.blogs.nytimes.com
    Australia was widely expected to cut interest rates on Tuesday and South Korea announced a $10.9 billion stimulus package on Monday, the latest in a string of steps by governments seeking to prop up growth and cushion the impact of the financial crisis, The New York Times’s Victoria Burnett and Bettina Wassener reported.

 

 
 


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