President Barack Obama discusses the debt limit and federal deficit during a news conference in the East Room of the White House in Washington, June 29, 2011.
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Dubai now boasts the world's largest building, Burj Khalifa. Zakaria says the world is now experiencing what he calls "the rise of the rest," where countries around the world are growing at previously unthinkable rates.
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Although the recession ended two years ago, Americans are still feeling the effects. Consumers are continuing to rely on thrifty measures to push their money further.
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