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World economy in severe recession, IMF says

World economy in severe recession, IMF says

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

 

US acknowledges downturn faults

The US carries a 'substantial' share of the blame for the economic crisis, says Treasury Secretary Timothy Geithner.

 

In Md., Suicide Notes Detail Debt

Frederick man who killed his wife, three children last week owed more than $450,000, police say.

 

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

Sellers Woo Shoppers With Guarantees to Address Layoff Worries

To get nervous consumers to buy, companies are promising refunds, and sometimes more, in the event of a job loss.

 

Bernanke: Innovate, but don't obfuscate

Bernanke: Innovate, but don't obfuscate

Federal Reserve Chairman Ben Bernanke said Friday that financial innovation is good for the economy but must be accompanied by proper regulation.

 

Fear and Greed Have Sales of Guns Shooting Up

Fear and Greed Have Sales of Guns Shooting Up

Many gun enthusiasts believe President Barack Obama and the Democrats in Congress soon will reimpose a version of an expired federal ban on the sale of so-called assault weapons.

 

Thrift stores' business booms across U.S.

Thrift stores' business booms across U.S.

At a time when most retailers are begging for customers, second-hand shops are thriving as the laid-off, and those worried they ...

 

Advice for mind and money in tough times

Advice for mind and money in tough times

Her advice: "You can't keep wishing negative events hadn't happened. When a client continuously relives the past, I say, 'Yes, this bad thing is true. But what needs to happen now?'"

 

Matchmakers thrive as economy slumps

As layoffs mount, portfolios shrink and headlines become gloomier, many singles may be finding the harsh reality of having no one to lean on during the economic crisis unbearable.

 

Scoop: Recession hits ‘Housewives,’ ‘Grey’s’

"Desperate Housewives" creator Marc Cherry said that losing Nicolette Sheridan, who plays Edie Britt, was not just a way of trimming the vixen population, but a natural way to cut costs.

 

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