Archive for October 14th, 2008

The US Federal Reserve in Washington, DC. The United States appears to be in a recession, the head of the San Francisco branch of the central bank has said.(AFP/File/Karen Bleier)AFP – The United States “appears to be in a recession,” Janet Yellen, the head of the San Francisco branch of the Federal Reserve, has said.

Original post by AFP and software by Elliott Back

Reuters – A pair of top Federal Reserve officials on Tuesday highlighted risks to the U.S. economy from the global credit crisis and liquidity squeeze, but did not hint at more interest rate cuts as a solution.

Original post by Reuters and software by Elliott Back

Omar strengthens into hurricane in Caribbean (Reuters)

Written by on Tuesday, October 14th, 2008 in Latest News.

The sun sets over San Juan, Puerto Rico as storm clouds from Tropical Storm Omar approach the area Tuesday, Oct. 14, 2008. The storm is expected to gain strength and reach hurricane strength. (AP Photo/Steve Helber)Reuters – Omar hit hurricane strength on Tuesday as it headed toward Puerto Rico and the small islands of the northeastern Caribbean, the U.S. National Hurricane Center said.

Original post by Reuters and software by Elliott Back



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