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Oil company CEO claims prices aren’t hurting economy

Exxon Mobil CEO Rex Tillerson said Wednesday he doesn’t think the recent jump in oil prices is hurting the U.S. economy — at least, not yet. The head of the world’s largest publicly traded oil company said that in 2008, when oil surged to near $150 per barrel, Americans didn’t change their driving and spending habits until gasoline prices topped $4 per gallon. Average gas prices peaked at $4.11 in July that year. “I don’t know if that tip-over is still at the same $4 level or not,” Tillerson told reporters at the New York Stock Exchange. “We’ll see.” Oil
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NPR head steps down after remarks about the right

NPR will forge ahead in the fight for federal money despite six months of bad PR — and without its chief executive. NPR’s president and CEO resigned Wednesday to limit the damage from hidden camera footage of a fellow executive deriding the tea party movement as “seriously racist.” Conservatives called the video proof that the network is biased and undeserving of federal funds. From the news organization’s perspective, the timing was exceptionally bad. The battle for funds will be the toughest yet, with Republicans in the new House majority looking to cut all federal funding of public radio and television.
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February Foreclosures hit three-year low

Foreclosure filings dropped to a 3-year low in February due to an ongoing backlog following last year’s halt in activity, according to a RealtyTrac report on Thursday. Notices of default, auctions and bank repossessions tumbled 13.9 percent from January to 225,101, the lowest since February 2008. Filings dropped 27 percent from February of last year, the biggest year-over-year drop since RealtyTrac started the report in 2005. Investigations into the foreclosure process prompted temporary halts from some servicers late last year. A bottleneck among lenders, servicers and attorneys as they refile paperwork that was improperly done means homes that would otherwise
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