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The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/dvsH6oXVw0Y” height=”1″ width=”1″/

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In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won’t ease until the economy recovers.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/WGJ__lwtbwU” height=”1″ width=”1″/

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Despite a last-minute rush by shoppers looking to take advantage of deep discounts during the Christmas week, sales during the holiday retail season are looking even weaker than expected, according to a retail research firm’s preliminary report issued Wednesday.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/MKZ3-bFY7TM” height=”1″ width=”1″/

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This is a drivers will never forget — gas prices surged and crashed at unprecedented levels.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/DvzwR_zjEDA” height=”1″ width=”1″/

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The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/dvsH6oXVw0Y” height=”1″ width=”1″/

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Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/YEJcw_sI6ss” height=”1″ width=”1″/

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Happy new year and welcome to your new job. One that pays 30%, 50%, 70% less than your old one.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/W9gmYJm2W1M” height=”1″ width=”1″/

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Forget a signing bonus: With more than three job seekers for every job opening, more workers are taking any employment they can find - even if it means a pay cut.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/W9gmYJm2W1M” height=”1″ width=”1″/

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The number of Americans filing for first-time unemployment benefits fell sharply last week, according to a government report released Thursday, as a year filled with layoffs and income cuts draws to a close.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/Hqj6KqetzV4″ height=”1″ width=”1″/

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Read full story for latest details.img src=”http://feedproxy.google.com/~r/rss/money_news_economy/~4/5fzS9_feyHU” height=”1″ width=”1″/

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