| Recession risk grows, U.S. group says
WASHINGTON–The painful collapse of the U.S. housing market along with the credit crunch will weigh down economic growth in the final three months of this year and cause economic activity to lag in 2008. It all means that the risk of a recession has increased, economic forecasters say. The latest look-ahead from the National Association for Business Economics says the gross domestic product is on track to expand at just a 1.5 per cent pace from October through December. If that proves correct, it would mark a sizable decline from the July-September rate of 3.9 per cent. The group's new fourth-quarter projection compared with September's prediction of a 2.5 per cent growth rate. The GDP – the value of all goods and services produced in the United States – is considered the best barometer of the country's economic fitness.
II Events Announces the 6th Annual Distressed Investing Forum, February 27-28, 2008, New York City
Produced in association with Credit Investment News, the 6th Annual Distressed Investing Forum will explore where investors are finding their opportunities--be it from the defaults occurring within subprime, the struggling automotive industry or from new opportunities emerging following the turbulence which has rocked the financial industry. This event will also take a macro-economic look at the impact of the Fed's interest rate cut, as well as the potential regulatory fall out which may occur in a bid to avoid a repeat of the subprime crisis and the implications this yields, for distressed investors and lenders. .
Jacksonville Police: Man Dies After Being Tasered During Struggle
JACKSONVILLE, Fla. -- Jacksonville authorities said a man died after being Tasered during a struggle with police. A Jacksonville Sheriff's Office spokesman said an officer had pulled over the man's car. But when the officer approached it, he took off running. The officer caught up with him and during a struggle, authorities said the officer used his Taser to subdue the suspect. Rescue workers checked the man and cleared him to be placed in the back of a police car. The sheriff's office said he then became unresponsive. He was taken to the hospital where he was pronounced dead. An autopsy is planned. The man's name has not been released. It's not yet clear why he was pulled over. .
Judicial race recount rewards Fitzgerald
Unofficial election results show that Phillip Rumsey, Michael Coccoma and Molly Fitzgerald were elected state Supreme Court justices in the Nov. 6 election. On election night, Fitzgerald, a Democrat and a lawyer with Smyk & Fitzgerald in Binghamton, was in fourth place in a six-way race for three seats, just behind Republican Joseph Fazzary, Schuyler County's district attorney. A recanvass of votes in Broome County gave her a slight lead over Fazzary as boards of election in the 10-county Sixth Judicial District began to count absentee and military ballots this week. That count continued Thursday and may not be done until today, but Fazzary called Fitzgerald at about 3:30 p.m. Thursday to concede, she said. ``He was very gracious, and even though they're still counting some votes, he said it was mathematically impossible for him to win at this point,'' she said.
Making the most of potentially costly college visits
SAN FRANCISCO -- Your college-bound teen is interested in 10 different schools in as many states. Do you need to visit them all? The answer is a qualified "yes," college-admissions experts say. Visiting a school before applying may increase your chances of gaining admittance, if only slightly. More important, during a visit students often find their top-pick school is nothing like they imagined. .
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