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The American auto industry is running on fumes. General Motors, the nation's largest automaker, warned Friday that it may run out of money by the end of the year after piling up billions in third-quarter losses and burning through cash at an alarming rate. - cbs3.com
Beyond Wall Street and Washington D.C., the current harsh economic downturn is having a troubling cascade effect in small towns across America. Rising unemployment, mortgage woes and troubles with credit are causing people to spend less, and with that drop off of spending, money to pay for employees is likewise going away. - www.fool.com
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