Bernanke says future of U.S. economy looks bleak: This morning Federal Reserve Chairman Ben Bernanke told Congress that the economy is deteriorating largely due to the combined effects of the national housing and credit crises. He said that the Fed "will act in a timely manner” to support growth and minimize risks, which will likely include actions like additional interest rate cuts.
Full Story: http://www.newsobserver.com/business/story/943853.html
Billy Graham recovering from surgery on brain shunt: Evangelist and Montreat resident Billy Graham is resting after having surgery yesterday to fix a brain shunt that he has had since 2000. According to the article, the shunt “drains his brain through a small tube that runs down his head and neck and into the abdominal cavity, where the fluid is absorbed by his body.”
Full Story: http://www.wsoctv.com/news/15300801/detail.html
Clinton leads Obama in Ohio and Pennsylvania: According to a poll released today, Democratic Presidential candidate Hillary Clinton leads fellow contender Barack Obama by double digits in both Ohio and Pennsylvania. Clinton has lost the last eight primaries to Obama. Ohio will hold its primary on March 4, along with Rhode Island, Texas and Vermont, while Pennslyvania will hold its primary on April 22.
Full Story: http://www.msnbc.msn.com/id/23164926
Factory in China linked to drug under scrutiny in United States: The FDA reported that a Chinese factory is responsible for making the active ingredient in a blood-thinning drug that had its production suspended this week. Over 350 patients reported feeling ill after taking the drug herapin, which is made from pig intestines and is used widely in dialysis and heart surgery.
Full Story: http://www.nytimes.com/2008/02/14/business/worldbusiness/14heparin.html?
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— Katie Hunter