Friday, December 25, 2009
Thursday, December 24, 2009
US on rocky road to recovery - 23 Dec 09
US on rocky road to recovery - 23 Dec 09
The world's number one economy is swinging back from its worst recession in decades, but not at the rate many had hoped.The US economy recorded 2.2 per cent growth from July to September - its first growth in more than a year largely driven by massive government spending.
But figures also show that businesses are still not investing, banks are not lending and, despite the holiday season, consumers are not spending leaving the prospects for a sustainable recovery uncertain.
Breaking News Pope Knocked Down at Christmas Mass
A Vatican spokesman says a woman jumped the barriers in St. Peter's Basilica and knocked down Pope Benedict XVI as he walked down the main aisle to begin Christmas Eve Mass. The Rev. Ciro Benedettini said the pope quickly got up and was unhurt. (Dec. 24)
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