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says panetta was convinced by the president in final conversation late monday. ambassador gene cretz says they have not decided whether to formally recognize the group. durable goods orders rose in march. the stocks wither up today. dow gained 96. the head of the federal reserve did something none of the predecessors had done. jim angle shows us what happened and why. ben bernanke opened the unprecedented news conference with the fed assessment of the economy it s been trying to simulate. they see the recovery proceeding as a moderate pace. labor market, the overall conditions are improving gradually. he said the fed governors