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Obama pitches for foreign investment to generate jobs

US President Barack Obama waves after speaking to encourage foreign investment and job-creation at the SelectUSA Investment Summit in Washington, October 31, 2013US President Barack Obama launched a fresh effort Thursday to attract investment by foreign manufacturers and other businesses as the government seeks to pull down stubbornly high unemployment. Obama told a gathering of 1,200 foreign and US business leaders in Washington that his government was creating a high-powered federal inter-agency body to help take care of the needs of foreign investors.