The year 2009 started in the midst of a crisis unlike any that all of us have seen in our lifetime. US President-elect Barack Obama, who will be sworn-in next week, has warned that the economy will get worse before it improves. Meanwhile, Wall Street ended the week on a positive note; financials, however, continue to wilt.
Obama said, “The need for us to act is now; it has never been more urgent. We started this year in the midst of a crisis unlike any that we have seen in our lifetime. If nothing is done and we continue on our current path this recession could linger for years, and America could lose the competitive edge that has served as the foundation for our strength and standing in the world.”
Published on Sat, Jan 17, 2009 at 14:58
Source : CNBC-TV18
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