There is the potential for a downturn in the U.S. economy that could have ripple effects around the world, San Francisco Federal Reserve President Janet Yellen said on Saturday. The U.S. economy grew modestly in the first quarter but should accelerate in the second half of the year, she said in a speech to the American Academy of Arts and Sciences and the American Philosophical Society. Enumerating the top current risks to stable economic conditions around the world, she said that in the U.S. economy "there is potential for a downturn that could have major spillover effects around the globe." The United States contributes roughly 25 percent to world economic output, she noted. The U.S. economy expanded at a sluggish 1.3 percent in the first quarter of 2007, the Commerce Department said on Friday, reflecting declines in the housing market and a pickup in inflation. It was the fourth consecutive quarter of sub-par growth in the world's largest economy....
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Editor - 15:08:00 04-28-07
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 Mexico City Mayor: Government Doctors Cannot Refuse Abortions |
| Mexico City's mayor said doctors at city-run hospitals will not be allowed to refuse to perform abortions because of moral objections under a newly approved law legalizing abortion.Marcelo Ebrard said that doct.. full News |
Editor - 15:06:00 04-28-07
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| Military Reports Nine More U.S. Troops Killed |
| The U.S. military is reporting nine American troops killed in Iraq, including five in fighting in Anbar province and three others in separate attacks south of the capital. The deaths raise to nearly 100 the num.. full News |
Editor - 15:05:00 04-28-07
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| The White House Scales Back Talk of Iraq Progress |
| The Bush administration will not try to assess whether the troop increase in Iraq is producing signs of political progress or greater security until September, and many of Mr. Bush’s top advisers now anticipate.. full News |
Editor - 09:26:00 04-28-07
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| Lightning Sparks Fire At Okla. Refinery Two Tanks Filled With Petroleum Contiunue To Burn For Second Day |
| A tank fire sparked by a lightning strike that engulfed two 80,000-barrel tanks at the Wynnewood Refinery continued to burn Saturday, sending flames and thick black smoke into the air, authorities said. There w.. full News |
Editor - 09:00:00 04-28-07
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| Car bomb kills 51 in Iraq's Kerbala |
| A suicide car bomber killed 51 people and wounded 70 in the holy Iraqi Shi'ite city of Kerbala on Saturday, police and medical officials said. The blast occurred at a checkpoint not far from an important shrine.. full News |
Editor - 08:57:00 04-28-07
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| post The Good, The Bad and The Ugly |
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