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General Motors Co. chairman Dan Akerson said Monday the automaker plans to open 600 dealerships in China this year, and nearly double production capacity despite a slowdown in sales growth.
Tuesday, March 20, 2012

House GOP unveils budget blueprint

Conservative Republicans controlling the House unveiled a budget blueprint Tuesday that combines slashing cuts to safety net programs for the poor with sharply lower tax rates in an election-year manifesto painting clear campaign differences with President Obama.
The top U.S. commander in Afghanistan says efforts to hand over security to the Afghans and wind down the decade-plus war are on track despite anger over a U.S. soldier's alleged massacre of Afghan civilians and the burning of Qurans.
The Supreme Court ruled on Tuesday that states cannot be sued for money damages for violating a key provision of a federal law that gives workers time off for a serious medical condition, a decision that could affect millions of state employees.
The university is moving to reduce enrollment to deal with $750 million in funding cuts already made in the 2011-12 fiscal year and position itself for at least an additional $200-million cut next year if the tax proposal fails.
The nation's security and economic prosperity are at risk if America's schools don't improve, warns a task force led by former Secretary of State Condoleezza Rice and Joel Klein, the former chancellor of New York City's school system.
Goldman Sachs has begun a new round of staff cuts in its trading and investment banking divisions, three sources familiar with the matter said, a sign of continued cutbacks on Wall Street.
Gay marriage wouldn’t have passed in the Washington State Legislature this year without Governor Chris Gregoire’s decision to reverse course and push for it. Legislators’ personal pleas to colleagues, as epitomized by Republican Representative Maureen Walsh’s passionate floor speech about her desire to throw her daughter a wedding someday, also played a major role.
Buy stocks for the long term, and you will prosper. But when investors think about the next 40 years, they should consider the lessons of the last 40. It makes an enormous difference when they started to save.
A grand jury will help investigate the killing of Trayvon Martin, an unarmed African-American teenager whose death has sparked numerous questions and controversy, officials in Florida said Tuesday.
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