Financial crisis may lead to recession

LIZ GARRETT ASST NEWS EDITOR EGG722@CABRINI EDU

The top U.S. papers have been focusing on the dayto-day news coming in from the Federal Reserve, concerning the deepening of the nation’s financial crisis. Economists are looking at the risk factor of the Federal Reserve’s temporary solution of pushing more and more money into the economy. The forcing of money seems to be the Fed’s quick-fix in order to avoid a recession, while keeping in mind the danger of harming overall finances. Economists are now pointing out the importance of how long a recession could last. Americans are in agreement with the economists. A recent poll showed that 76 percent of the nation feels that a recession is already in action, according to USA Today.

Obama confronts negative publicity

Senator Obama has chosen to face the negativity the media has let loose about the controversy surrounding the sermons of his spiritual advisor, Reverend Wright. He delivered his speech at the National Constitution Center in Philadelphia, beginning by saying that Wright’s comments were conflict-ridden and wrong. Obama continued on to say that the words spoken by Wright were a result of African-American’s ongoing aggravation concerning racism. He defends his point by stating that there is a reason behind these sermons, and it must be taken into consideration in hopes to lessen misunderstandings between races.