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Federal Reserve Chairman Ben Bernanke appears on a television screen on the floor of the New York Stock Exchange, Monday, Dec. 1, 2008. (AP Photo/Richard Drew)AP - Confirmation that the nation is in a recession and signs pointing to a prolonged downturn sent Wall Street plunging once again Monday, hurtling the Dow Jones industrials down more than 600 points and erasing a huge chunk of last week's big gains. All the major indexes fell more than 7 percent.


People wade through high water by Venice's Rialto Bridge, northern Italy, Monday, Dec. 1, 2008. Water in Venice has risen to its highest level in more than 20 years, leaving much of the Italian city under floods and forcing residents and tourists to wade through knee-high water. City officials say the sea level topped 156 centimeters (61 inches) on Monday, well past the 110 centimeter (40 inch) flood mark, with most streets submerged. (AP Photo/Luigi Costantini)AP - Venice could use a bailout. The city built on water has too much of it.


Tape covers bullet holes in the windows of the newly-reopened Refresh Cafe in the landmark Chhatrapati Shivaji Terminus train station, in Mumbai, India, Monday Dec. 1, 2008.  This scarred and traumatized city struggled back to its feet Monday, reopening schools and businesses, as residents tried to come to terms with the string of terror attacks that brought bloodshed to the heart of Mumbai. The owner of the cafe said he had little choice but to reopen the fast food restaurant in the station, even though its glass wall is scarred with bullet holes, half his staff refused to come back and his brother is on a ventilator in the intensive care unit after being shot in the abdomen by the attackers. (AP Photo/Lefteris Pitarakis)AP - India demanded Monday that Pakistan take "strong action" against those behind the deadly Mumbai attacks, and Washington pressured Islamabad to cooperate with the investigation.


Miami-Dade police officers stand in front of a store at Dadeland Mall in Miami, Monday, Dec. 1, 2008. Miami-Dade Fire Rescue spokesman Lt. Eddy Ballester says one person was transported to the hospital by helicopter with reported gunshot wounds. (AP Photo/Alan Diaz)AP - Authorities say an armored truck guard has died in a shooting at a suburban Miami mall.


President-elect Barack Obama, left, stands with Secretary of State-designate Sen. Hillary Rodham Clinton, D-N.Y., center, and National Security Adviser-designate Ret. Marine Gen. James Jones, right, at a news conference in Chicago, Dec. 1, 2008. (AP Photo/Pablo Martinez Monsivais)AP - President-elect Barack Obama picked a national security team headed by former campaign rival Hillary Rodham Clinton and Bush administration holdover Robert Gates on Monday, and said he wants to consult with military commanders before settling on a firm timetable to withdraw U.S. combat troops from Iraq.


 
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