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Is Deflation Good for Workers? (BusinessWeek Online)
BusinessWeek Online - Over the past 10 years we've been trained to treat deflation -- an actual fall in prices, as shown in today's consumer price index (CPI) release -- as a horror to be avoided. Could it be that in this case a whiff of deflation may help us get out of the crisis?
Publ.Date: Thu, 20 Nov 2008 13:08:43 GMT
Source: Yahoo.com

Fed sees economic woes persisting into next year (AP)
AP - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair that has pushed the number of newly laid-off workers to a 16-year high, with problems likely to stretch well into next year.
Publ.Date: Thu, 20 Nov 2008 15:17:49 GMT
Source: Yahoo.com

Dems: Napolitano emerges for Homeland Security job (AP)
AP - Arizona Gov. Janet Napolitano, an early Barack Obama supporter from the southwestern part of the country, is the likely choice for the job of secretary of homeland security, a top Obama adviser said Thursday.
Publ.Date: Thu, 20 Nov 2008 14:44:48 GMT
Source: Yahoo.com

Europe stocks trim losses before Wall Street open (AP)
AP - European stock markets fell, then recovered some lost ground Thursday on expectations Wall Street will not repeat the heavy selloff from the day before. Asian markets closed sharply down.
Publ.Date: Thu, 20 Nov 2008 13:36:48 GMT
Source: Yahoo.com

Oil prices drop below $50 dollars, hit 3.5-year lows (AFP)
AFP - Oil prices sank under 50 dollars a barrel in London on Thursday, reaching the lowest levels for three and a half years, as the market was plagued by weak energy demand.
Publ.Date: Thu, 20 Nov 2008 13:57:37 GMT
Source: Yahoo.com

Senate takes last run at longer jobless benefits (AP)
AP - With weekly jobless claims jumping to a 16-year high and more than 1.2 million jobs lost so far this year, Congress plans to send unemployment checks another seven to 13 weeks to jobless workers who have exhausted their regular benefits.
Publ.Date: Thu, 20 Nov 2008 14:21:26 GMT
Source: Yahoo.com