re also taking place in affected areas of Afghanistan.Floodwater haa also caused significant damage to WFP warehouses in northwestern Pakistan. Although it is too early to know its full extent, WFP is extremely concerned about possible losses as warehouses in the affected area contain significant food stocks for WFP operations across the border in Afghanistan, as well as for Pakistan.WFP has already assisted over one million internally displaced people and returnees with emergency rations in northwestern Pakistan as well as an additional 2.7 million crisis-affected people in the country. WASHINGTON, Aug. 1 Xinhua -- Former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday that economic recession might come back if the housing market deteriorates.U.S. economic recovery has lost momentum as indicated by a host of key economic indicators, including the worse-than-expected GDP figure released Friday. This upgraded the already-heated debate on whether the U.S. economy will slip to another downturn, or the so- called double-dip recession. It is possible if home prices go down. Home prices, as best we can judge, have really flattened out in the last year, Greenspan said in an interview on NBC's Meet the Press,cheap toms. Alan Greenspan, former chairman of the Federal Reserve, testifies before the Financial Crisis Inquiry Commission hearing on Capitol Hill in Washington April 7 , 2010. We're in a pause in a recovery, a modest recovery, but a pause in the modest recovery feels like a quasi-recession, he added.U.S. economy grew at a 2.4 percent annual rate in the second quarter of this year, a deceleration from an increase of 3.7 percent in the first quarter of 2010 and 5.0 percent in the last three months of 2009, according to the preliminary estimate by the Commerce Department.1 CHICAGO, July 30 Xinhua -- President Barack Obama praised the revitalization of the U.S. auto industry as he got a first-hand look at Jeep Grand Cherokee SUVs coming off an assembly line of Chrysler in Detroit on Friday.He said that when he took office, the industry looked like it was going off a cliff. He defended his decision to rescue the big auto companies with an 86-billion-dollar government bailout.The president acknowledged it was a hard decision, but said it was the right thing to do to save the companies,buy toms shoes.He said the Chrysler factory was evidence of the bailout's success. You are proving the naysayers wrong, Obama said.He noted that all three big U.S. automakers, namely GM, Ford and Chrysler, are operating at a profit, for the first time in six years,buy toms shoes. The president's visit came as Chrysler said it would keep its Sterling Heights plant open after 2012, and add 900 more workers next year. Obama got big applause when he announced that.Wearing safety glasses and minus his jacket, Obama got a 20- minute tour of Jefferson North, where he peered inside half- completed vehicles, shook hands and patted workers on the back.Hundreds of Detroiters lined Conner Street as the presidential motorcade rolled to Jefferson North. One held up a s Related articles:

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