Today's Headlines

Bloomberg:
- Former Fed chief Greenspan said the odds of the US economy slipping into recession have fallen and that home prices will probably fall less than 10%.
- Gold is rising again as the US dollar fell, economic worries subsided and investment funds increased speculation that inflation may accelerate.
- Crude oil is rising to a record in NY after the US said that production in the Gulf of Mexico was shut because of a storm threat. More than 360,000 barrels, or 28%, of daily oil production was idled, the US Minerals Management Service said.
- Fed Chairman Bernanke told lawmakers that the central bank is “actively working” to avoid a repeat of the subprime-mortgage rout.
- Goldman Sachs’(GS) Viniar Says Mortgage Market Is ‘Closer to the Bottom.’
- Warren Buffett’s Berkshire Hathaway sold PetroChina shares for a third time in three months after the stock gained sevenfold since the US billionaire first invested in China’s largest oil producer.
- Goldman Sachs(GS) reported the third-best profit in its 138-year history after betting against the mortgage bonds that roiled credit markets and left Bear Stearns(BSC) with its biggest earnings decline in more than a decade.

Wall Street Journal:
- US Democratic presidential candidate Hillary Clinton’s new health-care proposals echo her older plans in that they assume “Washington knows best,” said Mitt Romney.
- Clinton Campaign Vows To Check Contributions Solicited by Support.

NY Times:
- Decline in Retail Prices Offers Grace Note to Fed.

Arab News:
- A football match in Saudi Arabia was stopped after a 12-year-old girl was spotted attending the game. The girl was eventually asked to leave before the match resumed. Women are not allowed to attend football matches in Saudi Arabia.