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Climate change slowing down world economy, ‘most savage impact is hunger and poverty’

Climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades, a major new report said. The DARA and Climate Vulnerable Forum report, which was commissioned by 20 governments and is…

WATCH LIVE: Bernanke faces second day before Senate committee

Federal Reserve Chairman Ben Bernanke faces a second day of questions on the U.S. and world economy before a Senate committee. In his testimony Tuesday, Bernanke admitted that the U.S. economic data was “disappointing” and a declining changes to the country’s unemployment rate are “frustratingly slow.” Watch live, broadcast on…