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Government News

Stocks fall ahead of government report on banks (USA Today)

Stocks are lower following a drop on European markets and as investors await the latest government report card on banks.

Nepal's post-Maoist government falters (AFP via Yahoo! News)

Two weeks after Nepal swore in a new prime minister following the fall of the Maoist government, analysts say the ruling coalition is looking decidedly shaky as it struggles to form a cabinet.

German Government Notes Drop as Investor Confidence Increases (Bloomberg)

June 8 (Bloomberg) -- European two-year government notes dropped for a third day on signs the worst of the recession may be over, sapping demand for the safest assets.

Central Bank, Government Policy May Have Ended Slump, BIS Says (Bloomberg)

June 8 (Bloomberg) -- The global recession may be past its worst after central bank and government policies helped shore up investor sentiment, the Bank for International Settlements said.

German Government Bonds Drop Before Investor Confidence Report (Bloomberg)

June 8 (Bloomberg) -- European government bonds fell for a third day on signs the worst of the recession may be over and as Asian stock gains sapped demand for the safest assets.

Lloyds to Pay U.K. Government 2.56 Billion Pounds After Sale (Bloomberg)

June 8 (Bloomberg) -- Lloyds Banking Group Plc , the U.K.?s biggest mortgage lender, will repay the government about 2.56 billion pounds ($4.1 billion) after selling shares to investors.

Pakistani tribesmen, with government support, attack Taliban extremists (McClatchy Newspapers via Yahoo! News)

ISLAMABAD, Pakistan_Pakistani tribesmen, enraged by a suicide bombing of a mosque in their district, organized a traditional militia and attacked Taliban extremists this weekend -- an action that government officials welcomed and western allies are likely to endorse.

German Government Advisers Reject Arcandor Aid, Official Says (Bloomberg)

June 8 (Bloomberg) -- A German government advisory panel has rejected state aid for retailer Arcandor AG, an official said today speaking on the condition of anonymity. Arcandor, owner of the Karstadt department store chain, said today that it may be forced to file for insolvency.

Gabon President Omar Bongo dies: French government source (AFP via Yahoo! News)

Africa's longest-serving ruler, Gabon President Omar Bongo Ondimba, who was being treated for an illness in a Spanish clinic, has died aged 73, a French government source said Sunday.

Government jobs' recession shield at work (AP via Yahoo! News)

An AP analysis of economic data from around the country shows that economic pain in a county decreases as the percentage of government workers in its work force rises. Facts and figures about some of the counties around the country enjoying relative prosperity because of heavy concentrations of government jobs:

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