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Global Economic Crisis Deepens

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Uploaded by on Nov 18, 2008

Two new reports provide more evidence that the global economy has worsened. Citigroup, the fourth-largest U.S. bank, says it is cutting 14 percent of its workforce to deal with the financial crisis. And a new report from Japan shows the world's second-largest economy is shrinking. The bad news comes as world leaders concluded economic discussions in Washington.

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  • The automakers can pay their taxes with the bailout money, haha.

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