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Alistair Darling says Britain is facing its worst economic crisis since the 1940s. The chancellor is warning the current downturn will hit harder and last longer than we expect. It's the government's grimmest assessment to date of the situation facin
I was at the hospital at with my friend, Wendy. Her father was in an accident and she was waiting to talk to the doctor. Doctor: Hello, Im Dr. Johnson. How are you holding up? Wendy: Oh, Im fine. Is there any news? Doctor: Yes. I have examined your f
The head of the U.S. central bank says the outlook for America's economic performance has worsened, and that the Federal Reserve may have to reevaluate current interest rates. Fed Chairman Ben Bernanke spoke amid continued swings in world markets, on
Stock markets in Asia have followed the downward trend set by Wall Street as fears mount over the state of the ailing global economy. The Australian government says it is hopeful that a coordinated response to the world's economic problems will emerg