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A statue on Main Street in Enterprise, Alabama, features a woman holding a large, black boll weevil above her head. While many U.S. cities have suffered because of the recession, one town in the southern state of Alabama, has fared surprisingly well.

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The governor of the Reserve Bank, Dr Bollard, reduced the official cash rate (OCR) by half a percent from 3% to 2.5% today. For background to the OCR, listen to June 10th 2010 and follow the links. Most banks immediately dropped the floating mortgage

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