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In Budget Crisis, States Take Aim at Pension Costs

Many states, acknowledging that they have promised pensions they cannot afford, are reining in benefits — but only for future hires.

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China Signals a Gradual Rise in Value of Its Currency

The move could deflect growing international criticism of the country’s fiscal policies.

• Times Topics: Yuan

Schools Struggle to Educate the Severely Disabled

School districts across the country have struggled to find a balance between instruction in functional skills and academics while providing custodial care.

Cost of Seizing Fannie and Freddie Surges for Taxpayers

Now two of the country’s biggest landlords, the mortgage finance companies may wind up costing more than the banking industry rescue.

• Times Topics: Fannie Mae | Freddie Mac

Baghdad Nights Glitter, Behind Shatterproof Glass

Night life has returned in Baghdad with a restaurant that is part Beirut, part Dubai, part Miami circa “Scarface.”

G.O.P. Stalwart Says Come, the Gulf’s Fine

Gov. Haley Barbour’s performance could help shift his image from that of an insider party boss to an out-front crisis manager — and possible presidential candidate.

• Video | Oil Spill Tracker
• Obama’s Oil Spill Team