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The Federal Reserve is expected to cut interest rates Wednesday by at least a half-percentage point to 1 percent. Economists believe the Fed will cut rates because of the current financial turmoil and fears that there might be a prolonged recession.

The University of San Diego hosted a panel of San Diego economists yesterday to assess the outlook for the year ahead. Most of the experts said they believe the worst of the recession is past, but they warned the recovery is not going to be rapid, and some said things may never be the same again

Consumers don't need any declaration or stamp of approval from economists to know when the economy has soured. They can feel it. This fall, a swirl of negative factors has shattered consumer confidence. And most economists agree that we're in a recession.

What's going on with the local real estate market? Local home sales are increasing, and housing prices are starting stabilize. But unemployment is still high, and another wave of foreclosures could be coming soon. We speak to local real estate broker Matt Battiata and reporter Kelly Bennett to get their take on what's happening in the local housing market.

Targeting global warming, President Barack Obama and other leaders of the world's richest industrial countries pledged Wednesday to seek dramatic cuts in greenhouse gas emissions by 2050 to slow dangerous climate change. Setting a marker for success, they agreed for the first time that worldwide temperatures must not rise more than a few degrees.

Critics have long derided the world's biggest cities as disorderly, overcrowded and polluted. But in recent years, as the planet's population continues to rise past seven billion and more and more people flock to urban areas, some now argue that cities may hold the key to sustainable growth.

A massive tsunami triggered by one of the largest earthquakes ever recorded smashed into Japan Friday, killing hundreds of people as it swept away boats, cars and homes.

Most Americans are more likely to use credit cards, online banking or even mobile phones to pay the bills, but one check company is hoping to breathe a little life into the ledger.

Industry demand for the "sustainable seafood" label, issued by the Marine Stewardship Council, is increasing. But some environmentalists fear fisheries are being certified despite evidence showing that the fish population is in trouble — or when there's not enough information to know the impact on the oceans.

The "Pope of Trash" reflects on his infamous film about the "filthiest person alive."