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Home Prices in 20 U.S. Cities Fall 16.3% in Sign Market Hasn't Hit Bottom House prices in 20 U.S. cities declined in July at the fastest pace on record, signaling the worst housing recession in a generation had yet to trough even before this month's credit crisis.

More Reserve Investors Awaiting Their Payouts as Primary Fund Liquidates Reserve Management Corp.'s decision to liquidate its Primary Fund, the money-market mutual fund that had $40 billion of redemptions, has investors in other Reserve funds wondering if and when they will get their cash.

Obama Seeks to Increase Deposit Insurance to $250,000 to Boost Confidence Republican John McCain and Democrat Barack Obama today called on Congress to keep working on a financial-markets rescue plan and urged the government to raise the limit on federal deposit insurance as a short-term step to restore consumer confidence.

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Columns

MICHAEL R. SESIT

Save Lives Instead of Bankers' Bloated Pay

Now that the U.S. government has proposed bailing out the pin-stripe and Gucci crowd, it's about time it adopted a universal health program for the common folk.

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JOE MYSAK

Dry Martini at $27 Escapes Massacre of World Bankers

Maybe now the city will be just a little more affordable.

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JOHN F. WASIK

Three Paths to Safety Might Not Work This Time

Dishing out advice on financial staples in times of crisis used to involve three servings: precious metals, U.S. Treasury bills and real estate.

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