Iceland’s government said Friday that the International Monetary Fund has postponed a decision on releasing additional funds for the nation’s economic recovery program.

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Government subsidies for flights in and out of rural communities can reach up to thousands of dollars per passenger, and Congress is moving to increase the budget by almost 30 percent to keep those flights going next year.

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But the downturn has started to affect the O.C. tourist haven. While some beachfront homes still rent for $5,000 a week, others have cut rates. Shoppers go for discount souvenirs and eat out less.


The red-and-white ferry boats shuttling between Balboa Island and the Balboa Peninsula are still jammed with cars, shirtless teens and tourists on bicycles.

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* Aussie firm, on track for a record five-month rally * Bonds recover but suffer sixth straight month of losses

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The report from the New York attorney general heightens pressure to rein in Wall Street pay. The House votes today on a bill that would let shareholders vote on pay packages. Many doubt it would help.


Citigroup and Merrill Lynch lost more than $55 billion combined last year, adding to the massive wreckage on Wall Street that took the nation’s financial system to the brink of collapse.

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Blog Writing has become a common thing in the cyberspace these days. So many people are the members that their number is stunning to many of the others.

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Delinquencies in June are up sharply from a year ago, when 6% of borrowers were behind on their loans.


About 1 in 10 Californians with a home loan is now in default, and there’s growing evidence that the mortgage meltdown is spreading to commercial real estate.

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NEW YORK — The stock market is a day away from locking in its best July in 20 years.

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