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BAIER: Catherine, thank you.Unemployment is up in more than half the states in the country. The government says New Jersey and Alabama had the biggest leaps, four-tenths of a percentage point. In all, 27 states had unemployment increases. Just 11 states and the District of Columbia reported a drop.The Dow today lost 121. The S&P 500 gave back 14. The NASDAQ closed 41 behind.The treasury department says the process for setting a hugely important global interest rate is flawed and dangerous. It says banks capable of manipulating what is called the LIBOR affecting loan interest and putting stock markets in peril. One major bank has already admitted falsifying information to keep that rate low.
Fox News Network
July 20, 2012 Friday
SHOW: FOX SPECIAL REPORT WITH BRET BAIER 6:00 PM EST
Political Headlines
BYLINE: Bret Baier, Adam Housley, Wendell Goler, Jennifer Griffin, David Lee Miller, Catherine Herridge, Peter Doocy
SECTION: NEWS; International
LENGTH: 4402 words
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