The prize is guaranteed seats in the Senate and House. Don't believe it for a New York minute. This is about power. Act NOW to defeat the Democrats' battle for Capitol Hill. According to the Federal Reserve's latest nationwide survey, the U.S. economy has barely grown in the past two months.
Weakness is reported in virtually every sector except drilling for oil and gas.
Europe is confronted by ever more numerous signs of slower growth and rising prices. BBC News Independent research agency Teikoku Databank says the number of Japanese bankruptcies is surging as the downturn in the economy begins to take hold. This increase in bankruptcies will weigh heavily on Japan's struggling banking sector, which will lose any money that has been lent to these firms. The Pentagon agency charged with exposing fraud destroyed documents and replaced them with fakes to avoid embarrassment when its own operations were audited, an internal inquiry has found. An audit of 400 Defense Web sites finds that 128 of them collect information about the public despite a White House directive barring the practice.