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Middle Eastern governments are demonstrating their clout in global financial markets through a burst of deal activity as oil prices soar.
Freedom, Pa., is home to two friends' bold idea -- the simultaneous, nationwide waving on July 4 of a red, white and blue "Official Uniting Towel of America." They even have a spokesman: Hulk Hogan.
Prime Minister Gordon Brown's open investment policy runs counter to more protectionist stances in the U.S. and much of Europe. Backers credit it with spurring growth, but critics question the long-term cost.
Money launderers are using small ATM transactions to move large amounts of money around the globe without detection. The strategy has emerged as a vexing challenge for officials charged with stanching the illegal movement of money by drug traffickers, terrorists and organized-crime rings.
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In another manifestation of the housing slump, thousands of property owners across the country are now renting out homes they cannot sell. As a result, developments and condos are filling up with renters who some neighbors say are less engaged in their communities and less concerned about maintenance. Fearful of declining property values, some homeowners are fighting back.
Terri Cullen's 8-year-old son's passbook savings account has swelled past $1,000. So this month he graduated to a "big boy" account -- a certificate of deposit. Terri explains how she introduced the joy of compound interest.
Sin never goes out of style, but confession is undergoing a revival. Aggressive marketing by churches has helped reinvent confession as a form of self-improvement rather than a punitive rite.
A new generation of heiresses is redefining what it means to be a socialite. Rather than trying to climb the social ladder through charity work and elaborate parties, today's rich and restless want to make their mark in the business world.
Urban hipsters and the like, take note: Volvo's new C30 goes on sale Oct. 1. A jaunty hatchback with a turbocharged engine, this dramatic three-door will all but beg you to take it for a spin.
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