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At Issue: Oil Prices

Could a U.S. Default Push Oil Prices Above $130?

Think a U.S. Government default on its debt won't affect you immediately? Think again: a default would likely weaken the dollar substantially, pushing up oil prices almost immediately, and that would send already-high U.S. gas prices to the stratosphere.
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2012 Election

Tea Party shows its clout in debt debate

They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt default. The world is watching anxiously as the debt impasse drags on.
An iPhone is seen at the Apple store in New York

Apple Tops the Smartphone Foodchain, Samsung on the Prowl

Nokia and Samsung has been demoted with Apple becoming the top smartphone vendor in the fierce global mobile device war. According to reports, Apple has sold over 20 million iPhones along with over 9 million iPads in the second quarter.
Solar panels

After dismal second-quarter, solar outlook brightens

Solar investors should brace themselves for some downright dreadful second-quarter earnings reports in the coming weeks, though the rest of the year may provide some relief to battered solar stocks as panel prices stabilize and profit margins recover.
President Barack Obama

Pending Debt Ceiling Vote, Obama urges compromise

With four days left before the United States hits its debt limit, Republicans pressed ahead with a deficit plan that cannot pass Congress and President Barack Obama told lawmakers to stop wasting time and find a way "out of this mess."
Ryan Lochte

Lochte double caps golden day for U.S. at world champs

Ryan Lochte capped a golden day for the United States when he overhauled a flying French 4x200 meters freestyle team to ensure the Americans won their fourth successive title in the event at the world swimming championships on Friday.
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China to guard bond investors from government shuffle

China has ordered companies that have issued bonds to submit any asset restructuring plans to bond holders for approval, sources said, as Beijing steps up its efforts to rein in the risks from a mounting pile of local government debt.
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Alibaba, Yahoo, Softbank reach pact over Alipay

China's Alibaba Group said it has reached an agreement with Softbank Corp and Yahoo Inc that promises Alibaba could receive up to $6 billion from an initial public offering or liquidation of its e-payment unit, Alipay.
Rare Reptile Fossil Discovered in Alaska, Plus Other Dinosaur Skeletons (Photos)

Full Dinosaur Skeleton Found in Alaska, Plus Photos of Rare Dinosaur Fossils

A 200 million year old reptilian fossil was discovered by Alaskan scientists along the shores of Tongass National Forest. It was the low tide that made the discovery possible as a rare marine creature called Thalattosaurs was submerged in water and rocks. The last Thalattosaurs to survive was after the Triassic period, roughly 200 million years ago.
President Barack Obama

Obama Says Time Is Running Out For Debt Deal

With four days remaining until the United States hits its debt limit, President Barack Obama on Friday told deeply divided Republicans and Democrats to stop bickering and find a way "out of this mess."

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