clipped from: www.eweek.com   
Google CEO Eric Schmidt says that the worst of the financial crisis is almost over and the U.S. economy should begin to turn around by the fall. Schmidt is also optimistic about 2010.

CANNES (Reuters) - A U.S. recovery is likely to begin this autumn, the worst of the crisis has passed and it is "reasonable to be optimistic for 2010," internet search giant Google's chief executive Eric Schmidt said on Friday.


Speaking at the Cannes Lions advertising festival in southern France, Schmidt said U.S. jobless claims indicated "the beginning of the bottom."


"The rate of jobless claims is decreasing although the absolute number is increasing," he explained.


Schmidt said he did not want to comment on a report that Google had set up a team of engineers to study the technical specifications of Bing, the search engine launched recently by Google rival Microsoft, as he had not seen it.