| Japan faces deep recession, central banks slash rates (Reuters) [13 mins][Edobashi] Reuters - Japan may be in a deeper recession than first thought as businesses cut spending because of the worsening global recession, which will likely force central banks in Britain and Europe to slash interest rates later on Thursday. | Will GM and Chrysler Make It to Jan. 1? [56 mins] Two of big three indicate they need bailout to make it to new year. |