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...most dangerous - and least appreciated - is deflation. The stunning decline in the price of oil gets the business headlines - and has a good-news feel as it helps cash-strapped American consumers the most - but the cost of an entire range of commodities has also plunged in the past quarter: copper, gold, nickel and steel have all fallen as global demand has weakened. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index's 48-year history. (See pictures of the global financial crisis...
...despite the inroads Obama made with religious constituencies, there is one voting bloc that remains largely unmoved by Obamamania: white Evangelicals. One-quarter of them voted for Obama on Tuesday - despite a warning from conservative columnist Janet Porter that they could be risking their eternal souls by doing so - an improvement on John Kerry's dismal showing in 2004. But against a candidate like McCain, who is famously disliked by many Evangelicals, in a campaign in which Democrats engaged in a record level of outreach to Evangelicals, and at a time when the Evangelical community is expanding its consciousness...
...lawn at the Arizona Biltmore Resort and Spa never filled to capacity. A space that might have held 2,000 or more, stood about one quarter empty. And many of those present took poorly to McCain's praise of Obama's achievement. They booed at times, and one loud man swore at the stage, evoking the excretions of various farm animals. The fireworks the campaign had purchased to celebrate victory never fired...
...year as a counterweight to the rising number of consumers defaulting on their payments. Within hours of that announcement, communications giant Motorola Inc., which cut some 2,600 jobs in April, said it would trim an additional 3,000 staffers over the next several months after posting a third-quarter loss of nearly $400 million. It will also postpone a planned spin-off of its ailing cell phone division. (See pictures of the global financial crisis...
...Brine and Sarah Vaillancourt. “I think we are definitely similar players in our grinding mentality, always giving 100 percent,” Brine said. “[I can] for sure see her as a future leader.” While Buesser played a solid third quarter, one can only wonder if she can keep up the pace for the rest of the season. “We are expecting her to be consistent,” head coach Katey Stone said. “She played great. She is a tough competitor...