Saturday, September 01, 2007
Breaking News Sat., September 1, 2007
EMBATTLED IDAHO SEN. LARRY CRAIG ANNOUNCES HE WILL RESIGN EFFECTIVE
SEPT. 30
Friday, August 31, 2007
News Alert! Sen. Craig To Resign
The Associated Press has learned that Sen. Larry Craig has decided to
resign from the Senate and will announce it Saturday.
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Stocks closed higher with the Dow adding 117 pts. as investors were reassured by comments from Fed Chief Bernanke and President Bush.
Stocks closed higher with the Dow adding 117 pts. as investors were
reassured by comments from Fed Chief Bernanke and President Bush.
Sen. John Warner To Retire
Sen. John Warner To Retire
One of the most powerful Republicans in the U.S. Senate has decided to
retire. Sen. John Warner of Virginia, a respected authority on the
military and national defense, said he will not seek a sixth term in the
2008 election.
News Alert! Virginia Sen John Warner Will Not Seek Re-Election
Sen. John Warner, R-Va., says he will not seek re-election next year. He
will have served as senator for 30 years.
Bush expands govt's ability to insure home loans; temporarily suspends debt-forgiveness tax to aid troubled homeowners.
Bush expands govt's ability to insure home loans; temporarily suspends
debt-forgiveness tax to aid troubled homeowners.
U.S. stocks up as Bush offers help to troubled home owners
DJIA
13,366
+127.38
S&P
1,473
+15.64
NASDAQ
2,589
+23.97
10Yr
4.52%
+0.017
U.S. stocks up as Bush offers help to troubled home owners
NEW YORK
U.S. stocks climbed Friday as investors bypassed a slew of economic data
to focus on separate speeches by President Bush and Federal Reserve
Chairman Ben Bernanke, with the latter not saying anything to dissuade
investors from believing that cuts in interest rates are ahead.
The Fed: Bernanke to market: Fed is on the ball
JACKSON HOLE, Wyo.
The Federal Reserve is prepared to act as needed to prevent turmoil in
global financial markets from gathering enough strength to hurt the U.S.
economy, Fed chief Ben Bernanke vowed Friday.
Bush to offer proposals to stem mortgage crisis: reports
WASHINGTON
The Bush administration proposes to expand the role of the federal
government to stem a wave of mortgage defaults, according to published
reports.
Economic Report: Inflation remains moderate in July; incomes strengthen
WASHINGTON
Inflation remained cool while household incomes and spending
strengthened in July, before market turmoil in August shook Wall Street
and Federal Reserve policymakers.
Troubled housing market looks to Washington
WASHINGTON
As foreclosures rise and sales of existing homes fall, lawmakers and
regulators alike are feeling intensified pressure to do something fast
to help homeowners and contain the subprime-mortgage crisis.
Press secretary to step down in September
August 31, 2007
Press secretary to step down in September
White House press secretary Tony Snow is stepping down September 14 and
will be replaced by his deputy, Dana Perino.
Britain Pauses To Remember Diana
August 31, 2007
Britain Pauses To Remember Diana
Princess Diana's family, friends and hundreds of fans are pausing to
mark the 10 year anniversary of the day she was killed, along with her
boyfriend Dodi Fayed, in a Paris car crash. Her sons have organized an
official church ceremony in London.
Dow charges up 100 points after the opening bell as Wall Street looks ahead to Fed Chief Bernanke speech at 10 a.m.
Dow charges up 100 points after the opening bell as Wall Street looks
ahead to Fed Chief Bernanke speech at 10 a.m.
July personal income: up 0.5%; personal spending up 0.4%, both more than expected.
July personal income: up 0.5%; personal spending up 0.4%, both more than
expected.
Thursday, August 30, 2007
Dangerous nerve gas found at U.N.
August 30, 2007
Dangerous nerve gas found at U.N.
The United Nations weapons inspectors discovered six to eight vials of a
dangerous nerve gas, as they were cleaning out offices at a U.N.
building in New York.
GOP: FLUSH TOILET POL
GOP: FLUSH TOILET POL
WASHINGTON - The political walls started closing in on Sen. Larry Craig
yesterday, as three leading congressional Republicans called for him to
resign after he got busted in a toilet for soliciting sex. "It's clear
that it was disgraceful," said...
Jobless claims rose to 334,000 last week, higher than expected; economy grew 4.0 percent in 2Q.
Jobless claims rose to 334,000 last week, higher than expected; economy
grew 4.0 percent in 2Q.
Report Faults Virginia Tech In Massacre
August 30, 2007
Report Faults Virginia Tech In Massacre
Virginia Tech failed to properly care for a mentally troubled student
gunman and waited too long to warn faculty and students after he killed
his first two victims in a shooting spree that eventually claimed 31
more lives, a report concluded.
Toys "R" Us recalls crayon, paint sets
Toys "R" Us recalls crayon, paint sets
Toys "R" Us has recalled 27,000 crayon and paint sets made in China
because the packaging of the wooden box contains lead, as does some of
the watercolor paint within, company and government officials said
Thursday.
Wednesday, August 29, 2007
The Dow ends about 250 points higher, recovering from two days of losses as bargain hunting trumps economic fear.
The Dow ends about 250 points higher, recovering from two days of losses
as bargain hunting trumps economic fear.
Bush Sees "Better Days" For New Orleans
August 29, 2007
Bush Sees "Better Days" For New Orleans
President Bush marked the second anniversary of Hurricane Katrina with a
somber moment of silence and assured New Orleans that "better days are
ahead." Mayor Ray Nagin held a separate ceremony, a symbol of the
federal-city divide that persists.
2 years after Katrina, rebuilding pace depends on who's paying
NEWS
U.S. hands Iranians over to Iraqis
---------------------------------------------
A group of eight Iranians, including two diplomats, were released by
U.S. forces Wednesday after being detained because unauthorized weapons
were found in their car, the U.S. military said.
Taliban releases 3 hostages
---------------------------------------------
The Taliban's decision Tuesday to release 19 South Korean Christians
held since July in Afghanistan led to emotional celebrations by the
hostages'
families. Elsewhere, there were concerns that the Taliban may be
emboldened after securing
Pilgrims forced out of Karbala
---------------------------------------------
Sporadic gunfire echoed through the center of Karbala early Wednesday
after day-long clashes between rival Shiite militias claimed up to 51
lives and forced officials to abort a Shiite religious festival that had
drawn up to 1 million pilgrims from around the world.
MONEY |
Widening subprime fallout rattles Asian investors
---------------------------------------------
Asian financial markets were roiled on Wednesday by the widening damage
caused by the U.S. subprime mortgage sector meltdown, with investors
fearing more negative surprises will emerge in the region.
Smaller businesses struggle to recover from Katrina
---------------------------------------------
New Orleans has always been a city of family-owned meat markets, dry
cleaners,
diners and corner stores. These businesses tended to be the ones most
affected by Katrina because they had the least financial resources. Two
years later, many of them still haven't received the financial help they
need.
Tightrope: What makes a 'real entrepreneur'?
---------------------------------------------
Hello Gladys, I have had a home-based business for a few years and I am
getting tired of working from home. I don't feel like a real
entrepreneur. In
fact, most of my friends don't see me as a real business owner because I
work from home. ...
Tuesday, August 28, 2007
Abu Ghraib Officer Escapes Abuse Charges
August 28, 2007
Abu Ghraib Officer Escapes Abuse Charges
An Army officer was acquitted of failing to rein in soldiers who
humiliated and abused detainees at Abu Ghraib in Iraq. The military
court did find Lt. Col. Steve Jordan guilty of disobeying an order not
to talk about the investigation.
News Alert! Sen. Larry Craig: I Did Nothing Wrong
Sen. Larry Craig of Idaho says, "I did nothing wrong at the Minneapolis
airport'' and that it was a mistake to plead guilty on complaints of
lewd conduct. The senator also says, "I am not gay."
More bloodletting for stocks with the Dow tumbling about 275 points as economic fear stabs at investor confidence.
More bloodletting for stocks with the Dow tumbling about 275 points as
economic fear stabs at investor confidence.
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Stocks sink further, bonds extend gains after Fed said at Aug. 7 meeting it may step in if financial conditions worsen.
Stocks sink further, bonds extend gains after Fed said at Aug. 7 meeting
it may step in if financial conditions worsen.
Fed said in minutes to last meeting that further financial deterioration might lead to action by central bank.
Fed said in minutes to last meeting that further financial deterioration
might lead to action by central bank.
Afghan fights kill 8 coalition soldiers, 29 militants
NEWS
U.S., Iraqi forces kill 33 insurgents
---------------------------------------------
Hundreds of U.S. and Iraqi forces backed by helicopters and jet
fighters
attacked and killed 33 Sunni insurgents who were holding back the water
supply
to the Shiite town of Khalis, the American command said in a statement
Tuesday.
Bush to urge patience in Iraq
---------------------------------------------
President Bush aims to inspire patience with the war Tuesday by arguing
that
the fight against extremists in Iraq is crucial to U.S. security and
the
future of a strategic, struggling region.
Afghan fights kill 8 coalition soldiers, 29 militants
---------------------------------------------
Fighting between NATO troops and Taliban fighters killed eight soldiers
including six Westerners in eastern and southern Afghanistan, where
insurgent
attacks are running at their highest level since the U.S. invasion,
officials
said Monday.
Iran: We Will Help Fill Iraq Power Vacuum
August 28, 2007
Iran: We Will Help Fill Iraq Power Vacuum
Iran's hard line president Mahmoud Ahmadinejad has said American
influence in Iraq is faltering, and his government, working with Iraq's
other neighbors, is ready and willing to fill the "power vacuum" lurking
on the horizon.
Monday, August 27, 2007
Death Toll Rises From Greek Wildfires
August 26, 2007
Death Toll Rises From Greek Wildfires
At least 57 people have been killed as wind-whipped flames consume
villages and destroy forests across Greece, while bearing down on the
site of the ancient Olympics. One official said fires are burning in
more than half the country.
Attorney General Gonzales resigns
Attorney General Gonzales resigns
WASHINGTON
Attorney General Alberto Gonzales announced his resignation Monday,
ending a historic but embattled tenure marked by a fierce political
battle over the firings of federal prosecutors.
CBS News Translator Slain By Insurgents
CBS News Translator Slain By Insurgents
Anwar Abbas Lafta, an Iraqi who worked as a translator for CBS News in
Baghdad, has been abducted and slain by insurgents. He was the third CBS
News employee to be killed in the war. Lara Logan remembers her slain
colleague.
