THANKS, BEN...
Bernanke Warns of Recession...
*BEAR STEARNS rescue stopped 'chaotic unwinding'...
IMF predicts US recession: report : The IMF believes the US will experience at least two successive quarters of negative growth -- the technical definition of a recession -- and will grow only half a percent over the whole of 2008, weekly Die Zeit reported.
Recession warning by US Fed chief : Bernanke's testimony was a pessimistic assessment of the economy's prospects amid housing and financial crises.
Treasury says Bear Stearns deal 'necessary' to maintain financial stability: Paulson said the NY Fed is loaning JPMorgan $29 billion for the buyout, and is taking billions of dollars worth of mortgage-backed securities owned by Bear as collateral.
Thirty-Six U.S. States to Face Water Shortages in the Next Five Years : At least 36 states are expected to face water shortages within the next five years, according to U.S. government estimates. Available freshwater supplies are dwindling across the country due to rising temperatures and droughts, while increasing sprawl, population and inefficient resource usage are leading to rising demand.
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