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Stocks Are Hurt by Latest Fear: Declining Prices

The Dow fell below 8,000 as concern spread that the economy might be facing a chronic and debilitating decline in prices.

• Economix: Some Good News | Deflation: A Primer | Times Topics: Deflation

Bill Clinton Said to Accept Terms of Obama Team

Gov. Janet Napolitano of Arizona and Penny Pritzker, a businesswoman, also emerged as cabinet contenders.

Hurt by Losses, Pension Funds Criticize Rules

Some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds.

Al Qaeda Coldly Acknowledges Obama Victory

Al Qaeda’s deputy, Ayman al-Zawahri, sought to dampen enthusiasm for Barack Obama’s election by saying that the “new face” of America only masked a “heart full of hate.”

• Transcript of Ayman al-Zawahri's Statement (pdf)
• Times Topics: Al Qaeda

Defiant Mayor Won’t Promise to Send Rebate

Mayor Michael R. Bloomberg described the $400 rebate checks promised to hundreds of thousands of homeowners as “up in the air.”

New York Police Fight With U.S. On Surveillance

The New York Police Department wants the F.B.I. to loosen its approach to the electronic surveillance law.

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Regenerating a Mammoth for $10 Million

A new report suggests that a living mammoth could perhaps be regenerated from DNA extracted from clumps of the animal’s hair.