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Marriott Plans Cutbacks After Profit Slump

Marriott International's third-quarter profit plunged 28 percent, and executives at the Bethesda firm said yesterday that the credit crisis and deteriorating economy would force them to reduce staffing, slash share repurchases and watch projects be canceled or delayed.

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Courting Middle-Class Voters

ST. LOUIS, Oct. 2 -- Republican Sarah Palin and Democrat Joseph R. Biden Jr. each sought to claim the mantle of "kitchen table" candidate in the first and only debate between the major-party vice presidential candidates last night, both arguing that their running mates better understand the concerns...

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Activists Angered By Blame For Crisis

The head of the National Urban League is calling on Treasury Secretary Henry M. Paulson Jr. to refute statements by conservative politicians and pundits that subprime mortgages provided to minorities led to the financial crisis and a $700 billion federal rescue of Wall Street.

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Support Rallied as House Readies for Its Second Bailout Vote

A tide of lobbyists representing corporate executives, small-business owners, farmers and retirees swamped Capitol Hill yesterday in hopes of pushing an emergency economic rescue plan through Congress, but the fate of the measure remained uncertain as the House prepared for a climactic vote at...

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Lawmakers Rebuke FDA End Run on PR Contract

Two lawmakers on the House Energy and Commerce Committee yesterday blasted a Food and Drug Administration contract for a public relations campaign, calling it a "reckless use of taxpayer dollars" and requesting documents from the officials and business executives involved.

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03.10.2008 06:00:00 - washingtonpost.com - Business

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In Light of Crisis, Common Trading Practice Looks Risky

Regulators and Wall Street's scarred survivors increasingly are zeroing in on a massive risk to the stability of the financial system posed by rampant, unregulated trading in credit-default swaps.

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Rescue Package May Not Fully Thaw Credit Markets

As hopes rise for congressional passage today of a massive rescue plan for the U.S. financial system, many financial experts are already wondering: What is being left out and what will have to be done next?

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Lobbyist Hired by Freddie Mac to Work on McCain Is Now Senator's Aide

When mortgage giant Freddie Mac feared several years ago that Sen. John McCain was too outspoken on the issue of executive pay, it pinpointed a lobbyist known for his closeness to McCain and hired him to work with the senator.

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03.10.2008 06:00:00 - washingtonpost.com - Business

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McCain To Stop Fight for Michigan

EAST LANSING, Mich., Oct. 2 -- Sen. John McCain on Thursday officially abandoned his efforts to win in Michigan, deeming it a lost cause after internal polls showed the Republican presidential nominee trailing badly in the economically hard-hit state, according to officials with the campaign and ...

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03.10.2008 06:00:00 - washingtonpost.com - Business

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Prosecutors Expected To Spare Wall St. Firms

Justice Department officials yesterday vowed to unravel the complex financial deals that helped prompt a market crisis in an effort that will generally seek criminal charges against individual brokers and bankers, rather than companies themselves, according to interviews with lawyers involved in the...

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03.10.2008 06:00:00 - washingtonpost.com - Business

washingtonpost.com - Business

Marriott Plans Cutbacks After Profit Slump

Courting Middle-Class Voters

Activists Angered By Blame For Crisis

Support Rallied as House Readies for Its Second Bailout Vote

Lawmakers Rebuke FDA End Run on PR Contract

In Light of Crisis, Common Trading Practice Looks Risky

Rescue Package May Not Fully Thaw Credit Markets

Lobbyist Hired by Freddie Mac to Work on McCain Is Now Senator's Aide

McCain To Stop Fight for Michigan

Prosecutors Expected To Spare Wall St. Firms

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