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 WASHINGTON (AP) - Oil hit a record high, the dollar sank again, and consumers stopped buying pretty much everything.
Stocks kept gyrating, too, on Thursday, swinging between gloomy recession evidence and rising hopes that all the bad news would bring another aggressive cut in interest rates when the Federal Reserve meets next week.
The Bush administration, conceding the economy was facing "difficult" times now, rushed out new proposals aimed at next time — plans to fix various problems that have led to a severe crisis in credit markets.
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