Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Unemployment could rise into double digits and the US economy could lose 1 trillion dollars of its capacity as the country copes with the poorest economic conditions since the Great Depression of the 1930s, Obama said.
Gaza/Tel Aviv - Israel's air force continued pounding the Gaza Strip from the air Thursday, with its solders pressing on with attacks against militants on the ground.
Meanwhile, government officials who were in Cairo to discuss proposals for ending the fighting, which has lasted 13 days so far and claimed hundreds of fatalities, ended the talks without results, Egyptian foreign ministry officials said.
Washington - US President George W Bush met his successor, Barack Obama, along with three former presidents, over lunch Wednesday to offer advice and wish him well.
"One message I have, and I think we all share, is that we want you to succeed," Bush said in the Oval Office. "Whether we're a Democrat or Republican, we care deeply about this country."
Islamabad - Pakistan admitted on Wednesday that the sole surviving Mumbai attacker was a Pakistani national, media reports said quoting officials.
The confirmation came from Pakistani Information Minister Sherry Rehman who gave no further details, according to the private Urdu- language Geo news channel.
India has long been insisted that gunman Ajmal Amir Qasab was a Pakistani, and on Tuesday officially gave Islamabad the information that New Delhi says links the perpetrators to elements inside Pakistan.
Nairobi/Accra - John Atta Mills was sworn in as the president of Ghana on Wednesday after winning a tight run-off election.
Atta Mills, representing the opposition National Democratic Congress (NDC), on Saturday took the presidency by a margin of under 0.5 per cent from Nana Akufo-Addo of the ruling New Patriotic Party (NPP).
He took his oath in front of thousands of people and regional heads of state in Independence Square in the capital Accra.
Washington - US president-elect Barack Obama has created a new position for his administration assigned to monitor the federal budget to cut wasteful or inefficient spending.
Obama announced Wednesday that he had selected Nancy Killefer, a Treasury Department official during the Clinton years, to fill the post of Chief Performance Officer.
Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Gaza/Tel Aviv - Israel's air force continued pounding the Gaza Strip from the air Thursday, with its solders pressing on with attacks against militants on the ground.
Washington - US President George W Bush met his successor, Barack Obama, along with three former presidents, over lunch Wednesday to offer advice and wish him well.
Islamabad - Pakistan admitted on Wednesday that the sole surviving Mumbai attacker was a Pakistani national, media reports said quoting officials.
Nairobi/Accra - John Atta Mills was sworn in as the president of Ghana on Wednesday after winning a tight run-off election.
Washington - US president-elect Barack Obama has created a new position for his administration assigned to monitor the federal budget to cut wasteful or inefficient spending.
