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  1. Moscow - Russian arms manufacturers need urgent help from the state to meet their defence orders amid the global credit crunch, Deputy Prime Minister Sergei Ivanov said Tuesday. Russia is the world's second-largest weapons exporter after the United S...
    www.earthtimes.org
  2. From trekking in the Andes to digging wells in Africa, it has become a rite of passage for millions of students paving their way to university, as well as spawning an entire industry. But there are signs that the gap year has fallen out of favour as a new breed of hardheaded students realise that with rising rents and an uncertain financial future, they and their parents can no longer ...
    www.guardian.co.uk
  3. (Updates throughout, with additional details on the report and comments from an economist.) CHICAGO -(Dow Jones)- Business activity in the Chicago area posted its fastest monthly decline on record during October, reflecting a broader economic slowdown created by the freezing of credit markets.
    www.nasdaq.com
  4. American International Group Inc., once the world's largest insurer before being hit hard by the meltdown in the credit markets, said Monday that continued financial market turmoil resulted in a steep third-quarter loss.
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