Thursday, October 30, 2008

"Harsh storm" threatens global economy (Reuters)

A woman walks past signs reading 'going out of business sale' posted outside an electronic store in Tokyo October 30, 2008. (Yuriko Nakao/Reuters)Reuters - The U.S. economy contracted in the third quarter as the financial crisis raged, while Japan and Germany said they would spend billions of dollars to provide a cushion against a deep global recession.

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