 The U.S. economy grew at a sluggish 2.2 percent pace in the final quarter of last year, the government reported Wednesday in one of the steepest downward revisions in years. In another report, new-home sales plunged in January by the largest amount in 13 years. The pair of reports released Wednesday by the Commerce Department came a day after stocks on Wall Street and around the globe took a nosedive. Stocks fluctuated in a narrow range Wednesday, showing some signs of stability. The major indexes opened higher and showed tepid resolve as the market sought to regain its footing a day after the Dow Jones industrials plunged 416 points. Federal Reserve Chairman Ben Bernanke, discussing long-term fiscal challenges, told Congress Wednesday that government leaders must undertake "early and meaningful" action to address federal budget problems....
http://www.cbsnews.com
censor News |
Editor - 10:10:00 02-28-07
|
 Iran positive on Iraq conference |
| Iran says it will take part in a planned security conference in Iraq, to be attended by the US, if it is "in Iraq's best interests". Senior Iranian official Ali Larijani said Tehran was reviewing the proposal b.. full News |
Editor - 09:53:00 02-28-07
|
| Kashmir police on killing charges |
| Seven policeman in Indian-administered Kashmir have been charged with murdering a man and trying to cover it up by saying he was a militant. They are charged with murdering a civilian and criminal conspiracy. C.. full News |
Editor - 09:47:00 02-28-07
|
| Son Sentenced to 5 Month, Order to Repay $133,000 for Concealing Dad's Death to Draw Benefits |
| A man who admitted burning his father's body a decade ago so the family could continue to cash his Social Security disability checks was sentenced to five months in prison and ordered to pay $133,000 in restitu.. full News |
Editor - 09:44:00 02-28-07
|
| Two Young Women Laugh While Robbing Suburban Atlanta Bank; Pair Still at Large |
| Police are searching for two young women who used nothing but sunglasses to disguise their faces and laughed when they robbed a bank branch inside a suburban Atlanta supermarket. The two, who police said might .. full News |
Editor - 09:41:00 02-28-07
|
| Dow gain bucks global stock slide |
| Worldwide share prices have continued to fall following Tuesday's heavy losses, although the key US Dow Jones index showed some signs of recovery. Markets across Europe and Asia remained deep in the red, trigge.. full News |
Editor - 09:40:00 02-28-07
|
|
| post The Good, The Bad and The Ugly |
|
|
