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Obama says recession will
WASHINGTON (Reuters) - President-elect Barack Obama will seek Thursday to rally support for a massive fiscal stimulus package by warning that the United States could remain mired in recession for years without bold action.

Rockets from Lebanon hit Israel amid Gaza
JERUSALEM (Reuters) - Several rockets fired from Lebanon struck northern Israel Thursday, slightly wounding two people, police and medics said, in attacks seen as linked to Israel's war on Hamas Islamists in the Gaza Strip.

Citigroup sees synchronized global recession in 2009
(Reuters) - Citigroup forecast a synchronized global recession in 2009 and said developed economies may "flirt" with deflation while emerging market economies will slow sharply, adding that global corporate earnings were only a quarter of the way through an expected 50 percent drop.

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