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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 03, 2009
Page
9
The Dow jumps about 250 points to 9,024.34, first above 9,000 since December 8, despite ISM December manufacturing index at 32.4 signaling deep contraction. Investors shrug off weak data and look to Monday for a broader read on 2009.
Foreign professionals, including H-1B visa holders, scramble for temporary status as 2009 job losses rise. With the national jobless rate at 6.7 percent, many tilt toward job searches and visa options while fearing deportation or losing green card chances.
Oregon pilots a mileage based tax with GPS monitors in 300 vehicles amid debate over privacy and the impact on fuel efficient and electric cars. Nationally a similar concept draws attention from Congress and state leaders as gas tax revenues decline and highway funding pressure grows.
A year after crude topped $100, oil prices open 2009 about half the level a year earlier with light trading. Feb futures rise to $46.34 as Gaza violence and potential OPEC cuts shape markets. Analyst Peter Beutel cites thin holiday trading as a driver of swings.
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