Bernanke says recession ‘very likely over,’ confident Congress will pass new financial rulesWASHINGTON — Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain — especially for the nearly 15 million unemployed Americans — will persist. Arizona in the fall: Good weather and fall colorsFLAGSTAFF, Ariz. — The weather’s good, the landscape ranges from grasslands to canyons and mountains, and the foliage is beautiful too: That’s Arizona in the fall. Banks’ appetite for risk is rebounding 1 year after crisis; Is the financial system any safer?NEW YORK — A year after the financial system nearly collapsed, the nation’s biggest banks are bigger and regaining their appetite for risk. Bank of England holds rates steady at 0.5 percent, maintains monetary easing programLONDON — The Bank of England held interest rates steady at a record low of 0.5 percent for the sixth consecutive month on Thursday and pledged to continue its program to boost the money supply despite gathering signs of an economic recovery. Gold prices cross 1,000 dollars an ounceNEW DELHI - For the first time since February, gold prices crossed 1,000 dollars an ounce on Tuesday, as investors sought a safe haven due to the dollar’s weakness and worries about the sustainability of the global economic recovery. NY ladies hit back at Spitzer girl’s claim ‘they are no better than prostitutes’NEW YORK - The ladies of New York have hit back at high-priced Eliot Spitzer escort Ashley Dupre’s claim that the average NY woman is no better than a prostitute as she strives to marry a wealthy man. Appeals court says Ashcroft may be liable for witnesses wrongly detained after Sept. 11BOISE, Idaho — A federal appeals court has ruled that former Attorney General John Ashcroft can be sued by people who claim they were wrongfully detained as material witnesses after 9/11, and called the government practice “repugnant to the Constitution.” Treasury prices falter for 2nd day as latest data on labor market spurs more buying of stocksNEW YORK — Treasury prices fell for a second straight day Friday as buying picked up on Wall Street after a mixed report on the labor market. To liberals’ dismay, White House keeps conciliatory tone on health care before Obama speechWASHINGTON — Even as liberals urge President Barack Obama to demand bold, far-reaching changes to the nation’s health care system, the White House signaled openness Thursday to compromises that might attract moderate congressional Democrats as well as some Republicans. Stray bullet kills college student walking with friends on Atlanta campus; 2nd student injuredATLANTA — One of the nation’s largest historically black academic centers mourned Thursday for a 19-year old student killed by a stray bullet as she walked on campus with friends. Biden says Obama will lay out bold and contentious health planWASHINGTON — Vice President Joe Biden said Thursday the Obama administration is fiercely determined to get a health care overhaul, although he conceded it likely won’t happen without “an awful lot of screaming and hollering.” Free swine flu vaccinations, posting flu data for NYC, epicenter for earlier US outbreakNEW YORK — The nation’s largest school district said Tuesday it will offer free swine flu vaccinations to its 1 million-plus schoolchildren as New York City takes bold steps to avoid becoming the country’s flu epicenter again in the fall. Obama says government preparing for swine flu outbreak, all should consider getting vaccineWASHINGTON — With a potentially deadly swine flu outbreak looming, President Barack Obama is urging Americans to take steps to prevent infection. University of Texas pulls out of National Merit Scholarship program to focus on need-based aidAUSTIN, Texas — The University of Texas at Austin is pulling out of the National Merit Scholarship Program to focus on needs-based financial assistance. Popular Medicare Advantage plans see marketing practices reined in, but confusion remainsRegulators clamped down last fall on shady sales practices for privately run Medicare health insurance for the elderly. Try, try, try again: NASA resolves valve issue, aims for Friday night launch of shuttleCAPE CANAVERAL, Fla. — For the third time this week, NASA fueled space shuttle Discovery for a midnight launch to the international space station after resolving a fuel valve problem Friday. Flat household incomes raise doubts about recovery as consumers deal with weak job prospectsWASHINGTON — Household income in the United States is essentially stagnant, raising doubts about whether consumers already hurt by job losses can sustain an economic recovery. Analysis: Inconclusive and messy, Afghan vote complicates US mission it was supposed to easeWASHINGTON — Inconclusive election results in Afghanistan, disappointing voter turnout and the prospect of rising ethnic tensions and political turmoil are new roadblocks to the Obama administration’s plan to turn around a backsliding war. Analysts expect fewer 1st-time jobless claims, estimate economy shrank at 1.5 pct in 2QWASHINGTON — Government data this week showed that consumers and businesses went on a big-ticket spending spree in July, sending home, car and equipment sales soaring by the largest amount in years. On Thursday, the Labor Department’s report on weekly jobless claims will indicate whether that improved confidence about the economy is boosting the job market. Cold War fear emerges in Opel sale as GM tries to keep technology from Russian automakerDETROIT — Behind GM’s hesitation to sell its unprofitable car business in Europe lies a Cold War fear: American technology will fall into Russian hands. Boeing may expand South Carolina plant to add second production line for 787 jetlinerCHARLESTON, S.C. — Boeing Co. is seeking permits to expand its South Carolina plant, one of several being considered for an assembly line for its new 787 wide-body jetliners, a company spokesman said Wednesday. German business sentiment improves in August, according to Ifo Business Climate IndexFRANKFURT — German business confidence improved for a fifth consecutive month in August as the economy showed signs of recovery from its deep downturn, a closely watched survey said Wednesday. Conservation groups urge federal judge to block next month’s wolf hunts in Idaho, MontanaMISSOULA, Mont. — Conservation groups are asking a federal judge in Missoula to block fall wolf hunts in Idaho and Montana. Ah-choo! Government issues college guidance to protect roommates from swine fluWASHINGTON — A new rule for college students: Don’t sneeze on your roommate. Ailing Kennedy seeks to have seat filled quickly, if needed, as Congress eyes health overhaulBOSTON — For nearly half a century, Sen. Edward Kennedy has guarded his family’s political legacy. Stricken with cancer and as Congress takes up his signature issue, he is tending to his own. Obama administration to wind down Cash for Clunkers on MondayWASHINGTON — Car shoppers have until Monday night to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama administration is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers. Musharraf should face the music in Pakistan like a manISLAMABAD - A columnist with Pakistan’s Dawn newspaper has said that former president general Pervez Musharraf should be man enough to come back to Pakistan and face the music for his alleged misdemeanours while in power. Battling $300M deficit keeps ex-NBA star Dave Bing busy in 1st 100 days as Detroit mayorDETROIT — Dave Bing is aware of what waits for him each morning as he strolls into Detroit City Hall. Asian markets mixed amid new signs the world economy emerging from deep recessionBANGKOK — Most major Asian markets advanced Friday with commodity stocks rising amid more signs the world economy is emerging from a deep recession. European shares traded higher. Ireland suffers sharpest fall in prices since 1933; prices fall 5.9 percent over past yearLONDON — Ireland saw a 5.9 percent drop in prices over the past year, the sharpest fall since 1933, the government’s Central Statistics Office reported Thursday. |
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