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Various hobbies and craft topics, idea sharing, tips and introduction of unique ideas for family fan. - [Read more]



Top World News

Dow plunges 733 as new data points to recession (AP)

Traders work on the floor of the New York Stock Exchange, October 15, 2008. U.S. stocks slid at the open on Wednesday as investors worried that efforts to ease the credit crisis would not avert a recession, overshadowing solid profits from Coca-Cola Co , a bellwether for consumer spending.     REUTERS/Brendan McDermid (UNITED STATES)AP - Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The market's despair — fed by a stream of disheartening economic data — propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent.


McCain seeks to recharge candidacy at final debate (AP)

Republican presidential candidate, Sen. John McCain, R-Ariz., greets supporters outside the Hilton New York before boarding their motorcade in New York, Wednesday, Oct. 15, 2008. McCain and Democratic presidential rival Barack Obama will debate for the third and last time Wednesday night during a 90-minute nationally televised forum focusing on the economy and domestic policy. (AP Photo/Carolyn Kaster)AP - John McCain sought to change the course of a campaign moving decidedly in Barack Obama's direction Wednesday night in the third and final presidential debate.


 

Business News

Bernanke says U.S. economy facing big threat (Reuters)

Federal Reserve Chairman Ben Bernanke addresses the Economic Club of New York regarding financial markets in New York, October 15, 2008. (Lucas Jackson/Reuters)Reuters - Turmoil in credit markets poses a "significant threat" to the U.S. economy, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting an openness to further interest-rate cuts.


Wall Street plummets as data feeds recession worry (Reuters)

A trader works on the floor of the New York Stock Exchange, October 15, 2008. U.S. stocks tumbled on Wednesday as bleak economic data fed worries that all the efforts to unlock credit markets may not stave off a severe recession. (Brendan McDermid/Reuters)Reuters - Wall Street had its worst day since the 1987 stock market crash on Wednesday, as bleak economic data fed worries that all the efforts to unlock credit markets may not stave off a severe recession.