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Monday, December 1, 2008
NATION AND WORLD
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CHICAGO (AP) -- President-elect Barack Obama sought to reassure the nation and nervous holiday shoppers about the ailing economy Wednesday as beleaguered stores braced for their most important month of the year.
WASHINGTON (AP) -- The 2008 Atlantic hurricane season, which ends Sunday, appears to have attained Olympian heights, setting at least five weather records in the United States and Cuba. CHICAGO (AP) -- President-elect Barack Obama pledged on Wednesday to have an economic plan ready for action on the nation's financial crisis on his first day in office. "Help is on the way," he declared. He also said his Cabinet would "combine experience with fresh thinking" and pushed back against criticism that he was recycling former Clinton administration officials as he builds his new economic team. WASHINGTON (AP) -- The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount since the 2001 terrorist attacks, orders to U.S. factories plummeted and homes sales fell to the lowest level in nearly 18 years. NEW YORK (AP) -- Wall Street showed some signs of stability Tuesday as investors, heartened by government plans to aid consumer lending companies, selectively bought more stocks following a huge two-day rally. Gains in blue chips gave the Dow Jones industrials and the Standard & Poor's 500 index their first triple-session advance in more than two months. NEW YORK (AP) -- Consumer confidence rose in November amid receding gas prices, but Americans' views on the economy remain the gloomiest in decades. WASHINGTON (AP) -- Congressional Democrats and President-elect Barack Obama are laying the groundwork for quick enactment in January of a giant, two-year economic rescue package that will total about a half-trillion dollars. |
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