UNITED STATES

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Holiday spending seen flat

U.S. holiday spending is expected to be flat versus a year ago, as consumers remain cautious and the national unemployment rate hovers at nearly 10 percent, Deloitte said in a forecast released late on Sunday.

Obama wants G20 to rethink global economy

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U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.
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Daily Commentary - 21/09/2009

The Aussie dollar bounced between 0.8650 and 0.8715 during Friday's offshore session weighed down by profit taking on the Euro to open this morning at 0.8670.
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FedEx, Cisco, Office Depot cautious on economy

Key business leaders expect slow and steady U.S. economic growth but say longer term recovery depends on reforming health care and tax policy, and improving access to credit for small business.
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Senator Dodd favors bank super-cop idea: aide

The U.S. Senate's top legislator on financial regulation favors reducing the number of bank supervisory agencies more sharply than the Obama administration proposes, said a senior Senate aide on Sunday.
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Stocks' rise hinges on Fed and data

U.S. stocks could extend their rally and the Dow industrials may climb above 10,000 this week, should the Fed's policy-makers and economic data support the view the economy is recovering from recession.
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Obama faces leadership test at U.N., G20

U.S. President Barack Obama begins his biggest week yet on the world stage, facing pressure for results on an agenda of rekindling Middle East peace talks, tackling climate change and reshaping financial regulations.
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Juanes concert in Cuba readies for big crowd

Cubans were expected to fill Havana's massive Revolution Square on Sunday for a concert by Colombian singer Juanes and a lineup of top Spanish-language musicians who hope art can do what politics has not -- bring together Cubans here and in the United States.
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Sticky U.S.-Japan issues loom for Hatoyama in New York

Japan's new prime minister, Yukio Hatoyama, faces his first diplomatic test this week when he meets President Barack Obama in New York as the two allies grapple with disagreements that investors fear could damage ties.
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Financial regulation tops G20 agenda

President Barack Obama, preparing to meet with other G20 leaders in Pittsburgh, on Saturday stressed the need for regulations to prevent another global economic crisis and German Chancellor Angela Merkel was optimistic agreement could be reached at the summit.
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Patty Loveless scales second roots-music Mountain

Patty Loveless' 2001 bluegrass album, Mountain Soul, holds a special place in her heart. Influenced by the music she grew up with in rural Kentucky, the album resonated strongly with the country singer's fans even as it broadened her audience.
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Alice in Chains back in Black after 14 years

In the midst of its first reunion tour in the summer of 2006, veteran hard rock act Alice in Chains played to a crowd of 30,000 at Portugal's Super Bock Super Rock festival. As the band performed a set of its classic cuts, a handful of fans unfurled a 25-foot-long sign that read, Alice in Chains Get Born Again.
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Mao's Last Dancer leaps onto movie screens

He gained fame as one of China's best dancers and was at the center of an international crisis, but the real story of Li Cunxin may never have been told if it had not been for Li sitting down to write it.
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Taliban leader Mullah Omar takes aim at Obama

Afghan Taliban leader Mullah Omar issued a statement Saturday telling people of the West not to listen to U.S. President Barack Obama's justifications of war and vowing to defeat NATO troops like other invaders of history.
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Precious wins top Toronto film festival prize

Precious: Based on the Novel Push by Sapphire won the top award at the Toronto International Film Festival Saturday, giving the Oprah Winfrey-produced film some early momentum heading into Oscar awards season.
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Fed eyes new bank pay rules to fight risk

The Federal Reserve plans new rules on bank pay to curb the type of excessive risk-taking that sparked the global financial crisis and triggered international demands for action.
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Disney's studio chief Dick Cook resigns

Walt Disney Studios Chairman Dick Cook stepped down on Friday from his post to pursue new adventures after privately telling staff he felt he no longer fits in at the No. 1 U.S. entertainment company.

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