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Portugal PM to press on with budget overhaul, says economy improving

LISBON (Reuters) - Portugal's prime minister insisted on Tuesday there will be no veering off the strict terms of the country's EU/IMF bailout as the economy shows signs of nearing a turnaround after a long, deep recession. Full story

Wall Street climbs at open on 'cliff' deal hope

NEW YORK (Reuters) - Stocks rose at the open on Thursday, following a rally in the prior session, on expectations of progress toward a fiscal agreement in Washington that would prevent a possible recession. Full story

Lew: Income inequality 'not a new problem'

   Treasury Secretary Jack Lew discusses inequity within the tax code and how the economic divide between classes of Americans continues to be a focus issue.

U.S. chief executives can't break cost-cutting habit

(Reuters) - A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp <UTX.N> to Wendy's Co <WEN.O>: More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings. Full story

Wall Steet dips at open on mixed earnings

NEW YORK (Reuters) - Stocks fell at the open on Thursday, setting up the S&P 500 index for a third day of declines, as mixed earnings and concerns about China's economic slowdown weighed on investor sentiment. Full story

Bank of Spain sees economy shrinking only slightly in second quarter

MADRID (Reuters) - The Spanish economy shrank 0.1 percent in the second quarter, the Bank of Spain estimated on Tuesday, the smallest drop since the country slid into recession at the end of 2011. Full story

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Articles

Starved of credit, construction suppliers lag housing rebound

Pressure mounts on Spanish prime minister to step down in scandal

Study: Youth attitudes shift in Great Recession

Summer job market for teens shows healthy signs

Temporary jobs becoming a permanent fixture in US

A good jobs report, but a new low-wage reality

Miss. tax receipts approach $5 billion in FY2013

Emerging Europe's factories doing better amid economic gloom

Global renewables investment fell in 2012 on weak economy

Staff Stretched to the Limit? 4 Ways to Tell

Video

  US marriage rate hits historic low

According to the US census, marriage rates in America are at the lowest point in more than a century. The analysis cites the recession, cultural changes and cohabitation as contributing factors.

  G8 meeting sharpens focus on austerity, fake shops

Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities, joins Martin Bashir to discuss how the G8 meeting in Northern Ireland is a chance to compare recession report cards – Europe’s austerity versus United States’ stimulus --and visit fake storefronts to give the appearance of

  Jobs report: 'Progress, but more work needs to be done'

Alan Krueger, Chair of the President’s Council of Economic Advisors, joins The Daily Rundown to give the White House’s response to the latest jobs numbers.

  Ledbury Building Luxury in Hard Times

Paul Trible, Ledbury co-founder & CEO, and Paul Watson, Ledbury co-founder & COO, explain how they were able to build a profitable business launching luxury brands during a recession.

  Disability Claims Jump

Since the end of the recession, more people have gone on disability insurance than have joined the labor force. Jim Pethokoukis, American Enterprise Institute; and the "Kudlow Report" crew, weigh in.

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The logo of the European Union and the word recession are displayed on the screen an iPad and a LCD monitor in Zenica November 16, 2012. REUTERS/Dado Ruvic

Herat's stability seems threatened.
Herat's stability seems threatened.

Merchants attract crowds to the narrow streets of the bazaar in Herat, Nov. 1, 2012. Herat is being shaken by whispers of violence, tremors of economic downturn, calls by a local strongman to rearm against the Taliban and conservative opposition to modernization.