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savings

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The annual savings rate dropped to the lowest level in 74 years, the Commerce Department has reported. On average, Americans saved a "negative 1 percent" in 2006, meaning people not only didn't save but dipped into their savings and borrowed in order to spend more than their income.

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The Gray Lady publishes a slew of important and underreported stories its Saturday edition:

  • Two federal courts strike down the Partial Birth Abortion Act because it doesn't have an exception for the life of the mother
  • Yahoo and AOL are going to introduce digital postage stamps that companies can buy to ensure delivery of their e-mail
  • Most Internet users have no idea how easy it is for courts to get ahold of their personal information
  • The personal savings rate of Americans falls below zero for the first time since the Great Depression
  • Now James Frey's editor says that he, too, was fooled by the fabricating fabulist
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