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Energy
12:05 am
Thu August 11, 2011

Energy Panel Wants Answers On Gas Fracking

Originally published on Thu August 11, 2011 12:01 am

A Department of Energy panel hopes new recommendations — if implemented — will restore the public's trust in hydraulic fracturing or "fracking" for natural gas.

In the last few years, fracking has brought new life to old gas fields around the country. Most of the increasing production comes from dense layers of shale deep underground. By pumping huge deep underground amounts of water, along with smaller amounts of chemicals and sand, drillers can force gas out of shale.

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Business
12:01 am
Thu August 11, 2011

In Shift To Streaming, Netflix Customers Find Holes

It seems like Netflix is on top and it's everywhere. Users can watch it on their computers, game consoles, smartphones, or Internet-connected TV. Netflix boasts some 25 million subscribers, which is more than big cable companies like Comcast and Time Warner.

Although the company started as a mail order DVD service, these days it does the lion's share of promoting for its online streaming service. The company says it's the place to "watch instantly."

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Economy
12:01 am
Thu August 11, 2011

What's Spooking Investors?

Economists and financial executives gathered for a retreat in Grand Lake Stream, Maine, last weekend. The annual event coincided with mayhem in the stock market and the downgrade of U.S. Treasuries.
Chris Arnold NPR

While Wall Street experiences the biggest stock sell-off in years, some very successful investors don't appear to be concerned. They're out buying stocks while everybody else panics.

Top executives are also downplaying the perceived crisis.

"We don't run the business based on what happens in the market in a day," Jamie Dimon, CEO of JP Morgan Chase, said Wednesday on CNBC. Bank stocks like his have been getting hammered in recent days.

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Politics
12:01 am
Thu August 11, 2011

President Gets Big Megaphone, But May Be Tuned Out

President Obama walks away from the podium Monday after speaking about the debt downgrade in the State Dining Room of the White House.
Chip Somodevilla Getty Images

On Monday morning, U.S. markets opened for the first time since Standard & Poor's downgraded America's credit rating. Stocks went over the edge like an Olympic diver.

A few hours later, President Obama stepped in front of a microphone at the White House to proclaim his confidence in the U.S.

"No matter what some agency may say, we've always been and always will be a AAA country," he said.

He left the podium, and the financial plunge continued.

So, does having the biggest megaphone in the country do the president any good?

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