Business_Finance

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Workers try to get a screen working at the Stock Exchange in Madrid, Monday, July 23, 2012. The Bank of Spain says the country’s recession-plagued economy contracted 0.4 percent in the second quarter, a performance even worse than in the first three months of the year. (AP Photo/Paul White)

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U.S. Treasury Secretary Timothy F. Geithner (third from right) talks with Myanmar Minister of Finance Hla Tun (right) and government officials from Cambodia, Brunei, Malaysia and Singapore during a meeting with Association of Southeast Asian nations finance ministers at the Asia-Pacific Economic Cooperation summit in Honolulu in November 2011. Myanmar appeals to U.S. commercial ventures. (Associated Press)

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Queen Margrethe and Prince Henrik of Denmark are among the few European royals not forced to cut back spending because of the debit crisis. In Spain, King Juan Carlos has cut his own salary, as well as that of his son and heir Crown Prince Felipe, by about 7 percent. In Britain, Queen Elizabeth has opened some parts of Buckingham Palace to tourists, raising money on admission tickets. Official accounts showed British taxpayers spent nearly $50 million supporting the monarchy in 2011. (Associated Press)

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"The sentiment is very bad and for real reasons. We can spend a long time talking about all the problems and trying to hedge and adjust for them, but by and large I am optimistic because statistically things do work out," said Goldman Sachs CEO Lloyd Blankfein. (Associated Press)

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President Barack Obama speaks at a campaign event at the Century Village in West Palm Beach, Fla., Thursday, July 19, 2012. Obama is spending two days in Florida campaigning. (AP Photo/Susan Walsh)

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FBI agents load a box of materials into an SUV outside Trenton, N.J., Mayor Tony Mack's house on July 18, 2012, following a middle-of-the-night raid. Mack's two-year administration of New Jersey's impoverished capital city has been marked by accusations of nepotism and reckless spending. Mack, 46, emerging later in the morning from his home, denied any wrongdoing. (Associated Press/The Trentonian)

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**FILE** A foreclosure sign blows Feb. 23, 2009, in the wind in front of a home under foreclosure in Antioch, Calif. (Associated Press)

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Rep. Jim Jordan said government officials in the Department of Energy’s loan office ignored the warning signs. He said a credit-rating firm has said the company was “a bad risk.” (Associated Press)