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Another Look

Here's where you can get another look at additional photos, cartoons, and other features found in the Issues & Insights section of Investor's Business Daily.

Most States Face Budget Gaps

By CENTER ON BUDGET AND POLICY PRIORITIES, AP | Thursday, October 09, 2008 4:30 PM PT

Revenues are expected to fall short of what's needed to support current services in 29 states plus the District of Columbia in fiscal 2009, with the combined deficit pegged at $47.6 billion to $49.2 billion. The biggest deficit — $15.2 billion — is in California, not only because it's the largest state but because its $22.2 billion shortfall equals 21.3% of this year's general fund — a gap far larger than any other state's. Other shortfalls average 6.2% to 6.7%.

Revenues are expected to fall short of what's needed to support current services in 29 states plus the District of Columbia in fiscal 2009, with the combined deficit pegged at $47.6 billion to $49.2 billion. The biggest deficit — $15.2 billion — is in California, not only because it's the largest state but because its $22.2 billion shortfall equals 21.3% of this year's general fund — a gap far larger than any other state's. Other shortfalls average 6.2% to 6.7%.

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Ukrainian President Viktor Yushchenko

By AP | Wednesday, October 08, 2008 4:30 PM PT

Ukrainian President Viktor Yushchenko speaks at a meeting Wednesday before dissolving Parliament and calling a snap election, dashing hopes for the revival of a pro-Western coalition and throwing his politically volatile ex-Soviet nation into further turmoil. The vote will be the third in as many years and will deal a severe blow to an economy already battered by the global financial crisis.

Ukrainian President Viktor Yushchenko speaks at a meeting Wednesday before dissolving Parliament and calling a snap election, dashing hopes for the revival of a pro-Western coalition and throwing his politically volatile ex-Soviet nation into further turmoil. The vote will be the third in as many years and will deal a severe blow to an economy already battered by the global financial crisis.

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Former AIG CEOs

By NEWS.COM | Tuesday, October 07, 2008 4:30 PM PT

Former AIG CEOs Robert Willumstad, left, and Martin Sullivan, right, testify before the House Oversight and Government Reform Committee. During sometimes testy exchanges, the two executives blamed AIG's woes in large part on 'mark-to-market' accounting rules that forced the company to book huge losses on holdings of troubled mortgage-backed securities and credit-default swaps.

Former AIG CEOs Robert Willumstad, left, and Martin Sullivan, right, testify before the House Oversight and Government Reform Committee. During sometimes testy exchanges, the two executives blamed AIG's woes in large part on 'mark-to-market' accounting rules that forced the company to book huge losses on holdings of troubled mortgage-backed securities and credit-default swaps.

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