U.S. Economy: Productivity Revised Lower, Costs Jump - 2007-03-06
U.S. workers were less productive last quarter than initially estimated and labor costs surged, making it difficult for the Federal Reserve to lower interest rates even as manufacturing and housing continue to slump.
Productivity, a measure of how much an employee produces for each hour of work, climbed at an annual rate of 1.6 percent, down from the 3 percent pace reported last month, the Labor Department said today in Washington.
Read the full story at Bloomberg

Greenspan and Bernanke at Odds Over US Economy - 2007-03-06
Former Federal Reserve Chairman Alan Greenspan and now Fed head Ben Bernanke are at odds over the direction of the U.S. economy, after Greenspan declared to a Bloomberg reporter during an interview that the chances of a recession were currently at a one-third probably. Greenspan's comments were at odds against Fed Chairman Ben Bernanke who informed Congress last week that the U.S. economy, while slowing, was still on a growth pattern.
Read the full story at AXcess News