Medvedev orders probe of lawyer's prison death
MOSCOW (AFP) - President Dmitry Medvedev ordered a probe into the prison death of a lawyer arrested in a high-profile tax case, the Kremlin said Tuesday, following allegations of "mediaeval" prison treatment in Russia.
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Banks earn $2.8B in 3Q; insurance fund in the red
WASHINGTON — The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said today.
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Economy’s rebound not as strong as first thought
WASHINGTON — The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That picture emerged today from reports on the nation’s economy and the confidence of consumers, who power 70 percent of it.
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Tax credit sparks home sales
WASHINGTON — First-time buyers seized on a tax credit, combined with low mortgage rates and falling prices, to boost home sales in October to their highest level in 2½ years.
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Novice real estate investors can lose their shirts
Question: I have always done most of my own remodeling work. With so many foreclosures and bank-owned homes for sale, I’m considering buying and refurbishing old homes and selling them for a profit. I know a lot about building and plumbing, but nothing about tax laws and financing.
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