When all else fails, try for oil in Alaska

But oil reservoirs are depleting there at a fast rate.

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Do credit rating agencies actually matter?

If subprime deals can get top ratings, it's time to go back to the drawing board.

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Flash-flood alert: It’s raining hurricanes

Storm Lee has hit the US Gulf Coast; Typhoon Talas is ripping through western Japan and Hurricane Katia is gaining strength in the Atlantic Ocean.

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