Financial turmoil raises worries of deep recession
Analysts warn a Bear Stearns collapse signals deeper risks to the U.S. economy. Greenspan and Feldstein call the crisis wrenching, with Fed interventions and volatile markets fueling fears of a potentially severe recession and possible double dip.
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U.S
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Martin Feldstein
National Bureau of Economic Research
Bureau
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Bear Stearns
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Moody’s Economy.com
Lyle Gramley
Fed
Stanford Financial Group
Nariman Behravesh
Global Insight
Lexington, Mass
David Wyss
Standard & Poor’s
New York
Richardson endorses Obama for president
New Mexico Governor Bill Richardson endorsed Barack Obama for president citing his race speech and foreign policy readiness. Richardson, a former Clinton official, praised Obama for uniting Democrats and addressing immigrant concerns while highlighting shared immigrant backgrounds and a global outlook. He noted his endorsement comes after evaluating Obama’s patriotism and leadership during tough economic times.
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Memorial Coliseum
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Ore
Obama Outspends Clinton In Feb Fundraising Surge
Federal Election Commission data show Obama raising about 2 million daily in February and ending with 30 million cash on hand for March, while Clinton raised 34.5 million but netted 3 million after vendor debts and 5 million loan not repaid. The upcoming Pennsylvania primary may curb spending as both campaigns face fewer head to head contests.
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Federal Election Commission
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