May 23, 2013

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Studio 54 Auction

An eclectic trove of memorabilia from the famed 1970s New York nightclub Studio 54 is hitting the auction block in Florida.

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NYC, Union Miss Deadline for Teacher Eval Plan

A deadline has passed for New York City and a union representing the city's 75,000 teachers to agree on a teacher evaluation plan, putting the city at risk of losing up to $450 million in state aid and grants.

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Lithium Batteries Central to Boeing's 787 Problems

Lithium batteries that can leak corrosive fluid and start fires have emerged as the chief safety concern involving Boeing's 787 Dreamliner, a problem that apparently is far more serious than government or company officials acknowledged less than a week ago.

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US Home Construction Rises 12.1 Percent

U.S. builders started work on homes in December at the fastest pace since the summer of 2008 and 2012 finished as the best year for residential construction since the start of the housing crisis.

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US Jobless Aid Applications Fall to 5-Year Low

The number of Americans seeking unemployment aid fell to a five-year low last week, a hopeful sign the job market is healing. But much of the decline reflects seasonal volatility in the data.

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Military Leaders Warn Congress of 'Hollow' Force

The nation's top military leaders are warning Congress in unusually stark terms that its failure to pass a 2013 defense budget - coupled with the threat of automatic budget cuts - has pushed the Pentagon to the brink of a crisis.

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