John Heiprin (AP)
UNITED NATIONS – The U.N. chief warned Friday of global recession and a serious hit to emerging economies, calling for "drastic" measures to shore up banks and extend lines of credit to the world's poorest states.
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He also called for all U.N. agency heads to cut 2 percent across-the-board from their budgets, saying it could not be business as usual. More>>
U.N. Secretary-General Ban Ki-moon seen at the U.N. headquarters in New York in this 9/24/08 file photo (Reuters/Eric Thayer).
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