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Nobel Prize winner Krugman: U.S. auto industry likely ti disappear

Published 12/07/2008, Associated Press

Nobel economics prize winner Paul Krugman said today that the beleaguered U.S. auto industry will likely disappear. "It will do so because of the geographical forces that me and my colleagues have discussed," the Princeton University professor and New York Times columnist told reporters in Stockholm. "It is no longer sustained by the current economy."

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