SAABT - V2

13-year-old American boy on top of Mount Everest. Teenager taking on physical challenges traditionally tackled only be experienced explorers.		Gulf Oil Spill Deepwater Horizon oil rig's final hours------
"Recovery in sight" U.S. housing market hints at awaited recovery. "The long and painful crash in the housing market is coming to an end," said Mark Zandi, chief economist at Moody's Economy.com		Rising U.S. bond yields may spark Credit Crisis II "I think the most likely origins for a major crisis would be beyond our borders," said David Levy, chairman of the Jerome Levy Forecasting Center in Mount Kisco, New York.
Bond markets defy Fed as Treasury yields spike What is clear is that the market choked on $100bn of US Treasury debt issued in three auctions this week, and on the knowledge that Washington must raise a further $900bn by September. Governments around the world must fund $6 trillion of deficits this year.		US bonds sale faces market resistance There is no evidence yet that foreigners are in the process of dumping US Treasuries. Brad Setser from the US Council on Foreign Relations said global central banks added $60bn to their US holdings in the first three weeks of May.
U.S. economy at risk of double-dip recession This is a much darker outlook than the one put forward by President Barack Obama's administration in its latest budget projections, which show economic growth bouncing back to 3.2 percent next year and hitting 4.6 percent by 2012.		US accepts 'blame' for crisis ahead of IMF meeting America must take a "substantial share" of the blame for the continuing financial crisis, US Treasury Secretary Tim Geithner admitted.
Building castles of sand ? Housing policy aims at boosting savings. Yet home-equity loans and “negative amortisation” mortgages boosted spending.		Gvernment regulators were "asleep at the switch." G 20:"Turning point in our pursuit of global economic recovery." But President Obama cautioned, "There are no guarantees.
A dream team should investigate the meltdown Yes, we are to have a productive investigation of the financial meltdown.		U.S. Will Have to ‘Seize’ Big Banks says Nobel laureate economist Paul Krugman “In the end, we’ll come to it,” -- “You guarantee the liabilities of everybody but seize the big ones.”
The Crisis at Home and Abroad Such turmoil should serve as a warning about the perils of ignoring the disasters unfolding across the developing world — and the need for a global response.		U.S. economy If the problem is cyclical, the economy should be able to regain its footing after perhaps three to five lean years.
Great Restructuring can end the Great Repression. It needs to happen soon. Permanently lower monthly payments for a majority of U.S. households almost certainly would do more to stimulate consumer confidence than all the provisions of the stimulus package, including tax cuts.		We pray with you Mr President and Mr vice president. What it might take for the US to remain No. 1
Meet our Hero His "masterful landing", which is a "miracle on the Hudson",		Audacity itself as economic experiment Nation is poised to put a theory to the test on a scale untried in peacetime by any developed country on Earth.
The Worst Is Not Behind Us, so says Nouriel Roubini The U.S. will experience its most severe recession since World War II, much worse and longer and deeper than even the 1974-1975 and 1980-1982 recessions.		Obama faces daunting task of solving America's economic crisis. The world's richest economy is in peril, and Barack Obama is the man charged with saving it. House prices are plummeting, the markets are seesawing, banks have been failing and America's biggest carmaker, General Motors, is in danger of going bust.