THE American economy is once again tilting toward danger. Despite an aggressive regimen of treatments from the conventional to the exotic -- more than $800 billion in federal spending, and trillions of dollars worth of credit from the Federal Reserve -- fears of a second recession are growing, along with worries that the country may face several more years of lean prospects.
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CERNOBBIO, Italy — Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook – especially for the United States and much of the industrialized world.
The doomsayers were led by New York University economist Nouriel Roubini, who warned in booming tones that "there is a significant risk of a double-dip recession in the United States" as well as in Japan and many European countries.
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WASHINGTON — Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.
Bernanke led the economy through the tumultuous months of the most severe recession since the 1930s, as the Federal Reserve took extraordinary measures to inject hundreds of billions into the battered financial system.
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The owner has struggled to obtain additional financing for the team, which was $433 million in debt as of last year. The red ink could hamper the Dodgers’ ability to sign players.
Since buying the Dodgers for $430 million six years ago, Frank McCourt has so heavily leveraged the team — $433 million in debt as of last year — that he has struggled to find additional financing.
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GAZA CITY, Gaza Strip -- The top Hamas leader in the Gaza Strip rejected compromise with Israel in a fiery speech Wednesday, a day after gunmen killed four Israelis in a strong reminder that the Islamic militant group cannot be ignored in any Mideast deal.
President Barack Obama denounced the West Bank ambush as he launched a two-day summit marking the first Israeli-Palestinian negotiations in nearly two years.
"The message should go out to Hamas and everyone else who is taking credit for these heinous crimes that this is not going to stop us," he said after greeting Israeli Prime Minister Benjamin Netanyahu at the White House.
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Bankrupt 'Houseives' Teresa Giudice is cashing in by sitting for magazine interviews, and for the latest In Touch cover she opens up about the humiliation of declaring bankruptcy and defends her spending sprees. Meanwhile she's asking for a raise on the show.
From the In Touch press release:
For Teresa Giudice, it was like living a nightmare. After ten years as the big-spending wife of a successful real estate developer, the Real Housewives of New Jersey star was being told by a lawyer that she and her husband, Joe, were $11 million in debt -- and needed to file for bankruptcy as soon as possible. "I was humiliated," she tells In Touch in an exclusive interview.
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More on The Real Housewives
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WASHINGTON â House investigators have recommended that three lawmakers be further investigated to determine whether political contributions were improperly linked to votes on the huge financial overhaul bill.
The independent House Office of Congressional Ethics recommended that the member-run House ethics committee pursue potential rules violations by Republicans John Campbell of California and Tom Price of Georgia and Democrat Joseph Crowley of New York.
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