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Latest News:
A newspaper box sits half submerged in water in Florida US consumer confidence weakens, prompting economic worries
WASHINGTON : Hurricanes, high energy costs and weak labour markets combined to knock US consumer confidence to a two-year low in October, the Conference Board said, prompting renewed doubts about economic momentum.The Conference Board said its consumer confidence index for October dropped to 85.0 from a revised 87.5 in September.
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US dollar squeezed by US confidence, German data
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Hurricane Katrina, one of the worst natural disasters in US history, has left city of New Orleans almost entirely flooded and thousands feared dead.

New Orleans has made a "desperate SOS" for help as authorities struggled to stem a descent into anarchy and evacuate survivors.

Some 4,000 National Guard troops fought an uphill battle to restore order to the largely submerged jazz mecca plagued by gunbattles, fistfights, gangs of roving thugs, looters and carjackers.

Residents reported survivors dropping dead in shelters or gunned down outside the local convention centre.

Hospitals were evacuated after power ran out and helicopters ferrying patients and babies drew gunfire.

Up to 300,000 survivors may still be stuck in disaster areas in the state, and at least 40,000 uniformed troops were needed for New Orleans alone.

President George W. Bush said it would take years to recover from the deadly ravages of Hurricane Katrina.

 


 Hong Kong's democrats retain veto power in election
 Haiti's storm toll climbs to 600; Cuba evacuates 800,000
 With rescue plan, US takes giant step in housing, finance
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