Word: monday
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...downdraft on June 15 in stock prices was more than a result of lackluster buying. Traders were lightening portfolios as signs of continued economic weakness trumped talk of green shoots and recovery. As David Rosenberg of money manager Gluskin Sheff noted in a Monday-morning report, year-over-year economic numbers are simply awful: raw-steel production (-47.3%); lumber production (-32.6%); railway traffic (-20.1%); electrical output (-12.9%). Such negative numbers, in Rosenberg's view, "hardly paint the picture of an imminent recovery...
...leaders of the Republican Party, a public health-care-insurance option is a "non-starter," the first step on a slippery slope to socialized medicine; in the eyes of the American Medical Association (AMA), it could "restrict patient choice"; while for President Barack Obama, as he put it on Monday during his speech to the AMA in Chicago, it's an essential part of any health-care-reform package that would "put affordable health care within reach for millions of Americans...
...central idea behind a public plan is that it would provide health insurance for many of the nearly 50 million Americans who are currently uninsured or for those who are unhappy with their private insurance options. In his much anticipated address to the AMA on Monday, Obama stressed that he does not view a public insurance option as a pathway to dismantling the private insurance industry or creating a single-payer government system like the one that exists in Canada...
...Seven Killed in Monday-Night Clashes, June...
Iran's state radio says seven people died in clashes in Tehran after an "unauthorized gathering" occurred following a mass rally over alleged election fraud. The report says the seven died in shooting that erupted after several people at the gathering on Monday night in western Tehran "tried to attack a military location." More than 100,000 opponents of President Ahmadinejad had marched through Tehran earlier on Monday protesting alleged vote-rigging in last week's elections. The report on Tuesday gave no details. It was the first official confirmation of shooting in Tehran's Azadi Square. Witnesses there...