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Compensation and Benefits

US economy is buffer against stock losses

WASHINGTON Am I safe? That's the question many Americans asked Monday amid a wild roller coaster ride on the stock market. The answer may still be at least a few days off. The Dow Jones industrial average was off more than 1,000 points at Monday's turbulent open, an eerie reminder of 2008's near-meltdown of financial markets that also began in the dog days of late August. By midday, however, the Dow was off just 112 points, before sliding in the final hour to close down 588.47 points to 15,871.28. Monday's opening plunge followed a lit fuse that began in Asia, where China's Shanghai composite index finished off 8.5 percent. European exchanges then followed with...

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