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Foreclosures spike, tied to joblessnessForeclosures in Massachusetts soared by nearly 80 percent in July compared to the same period a year ago, according to new figures released yesterday. On the North Shore, the number of July foreclosures more than doubled in Beverly, Danvers and Salem and increased sharply in Hamilton and Marblehead, according to the report by The Warren Group, which publishes Banker & Tradesman.
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Foreclosures impact kids, communitiesChildren could be prevented from realizing their potential in school and, eventually, the labor force as consequences from the problem of home foreclosures last for years, a pair of Federal bank officials say in a conference on neighborhood stabilization.
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Maui friends recall Discovery Channel gunmanA gunman originally from Maui took over the Discovery Channel network's headquarters in Maryland this morning. The standoff ended with police shooting him to death.
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