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Mass. towns owe workers $20 billion for health care

Massachusetts' largest 50 cities and towns will owe $20 billion to pay for their public workers' health care, an exploding cost that could force them to cut services taxpayers need, a new study said on Tuesday. In Boston, an average single family homeowner would pay an extra $100,000 in taxes over 30 years to meet this health care obligation, estimated the the Massachusetts Taxpayers Foundation, a fiscal monitor.
CPAC

Who is best to challenge Obama in 2012?

Potential Republican candidates in 2012 presidential election who gathered in Washington for the Conservative Political Action Conference (CPAC) have launched an attack on major policies of the Obama administration as they pitched their respective cases. Here's a snapshot of the possible Republican challengers in 2012:
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Governor Chris Christie speaks at the Groundbreaking Ceremony for Cooper Medical School of Rowan University in Camden, N.J. on Wednesday, Oct. 27, 2010.

S&P cuts New Jersey bond rating

Ratings agency Standard & Poor's downgraded New Jersey bon d rating by one notch to “AA-“ from “AA” (both with stable outlooks).
Pittsburgh Penguins center Malkin scores past New York Islanders goalie DiPietro in a shootout in Uniondale, New York.

What's Next For The Pittsburgh Penguins?

Pittsburgh Penguins coach Dan Bylsma announced Tuesday that the team did not expect forward Evgeni Malkin to play again this season following a knee injury leaving the Penguins in a bind as to how to salvage their season.
Judge Simon Cowell arrives for the 9th season finale of 'American Idol' in Los Angeles

U.S. X Factor winner to get $5 million record deal

Acerbic British music judge and entrepreneur Simon Cowell said on Monday that the winner of the first U.S. version of the television singing competition, The X Factor, will receive a $5 million record deal.
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US payrolls up meager 36,000, jobless rate falls

U.S. employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.
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Gold shows unexpected strength with sudden jump up

Gold rose over 1 percent in choppy trade on Thursday, with a sudden jump by over $20 per ounce within minutes as large buy orders were apparently triggered in the future markets. This comes unexpected to precious metals experts, as the gold price was supposed to be kept low by the usual large Wall Street players during todays speech by Bernanke, and was set to rally on Friday, when unexpectedly bad labor market numbers will come in and drive gold prices higher.
Shoppers leave Costco in Fairfax, Virginia

Retail chains beat sales estimates, snow

Major U.S. retailers shrugged off the snowiest January in six years to post sales that blew past analyst expectations, easing concerns that consumers were all spent out after the holidays.
Chicago: 23.4%

Massive winter storm punches U.S. Midwest, Northeast

A huge winter storm pummelled the United States on Wednesday, bringing parts of the Midwest to a standstill, delivering a wintry blow to the Northeast, and disrupting businesses, flights and other transport.
Facebook overvalued at $50 bln in Bloomberg’s global poll

Facebook overvalued at $50 bln: Bloomberg's global poll

Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.

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