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Finance experts warned that the Pension Benefit Guaranty Corporation, the government agency that insures company pensions, could be forced into a situation similar to the savings and loan crisis of the 1980s, which led to a $200 billion bailout, as a result of cascading pension defaults in the airline industry.New York TimesEconomic growth was slowing,Washington Postfewer jobs were being created, crude oil prices reached a record high of $44.41,New York Timesand the Dow Jones Industrial Average dropped to a new low for 2004.Associated PressBerkshire Hathaway’s second quarter earnings were down 42 percent.ReutersThe Bureau of Labor Statistics reported that the layoff rate during the first three years of the Bush Administration was 8.7 percent (11.4 million people lost their jobs), the worst layoff rate since the early 1980s.New York TimesIt was the 40th anniversary of the Gulf of Tonkin resolution, which gave President Lyndon Johnson the authority to escalate the war in Vietnam; historians noted its similarity to the October 2002 congressional resolution authorizing the invasion of Iraq, which was also based on falsehoods.NewsdayTom Ridge, the secretary of Homeland Security, “categorically” denied that the recent terror alerts, which were based on three- and four-year-old intelligence, were politically motivated.USA TodayRick James died, andVoice of AmericaGeorge W. Bush acknowledged that the war on terror has been “misnamed”; he said that it ought to be called “the struggle against ideological extremists who do not believe in free societies who happen to use terror as a weapon to try to shake the conscience of the free world.”Whitehouse.gov
Iraq’s new government reinstated capital punishment and issued an arrest warrant for Ahmad Chalabi on counterfeiting charges; Salem Chalabi, Ahmad’s nephew and the head of the special tribunal that will try Saddam Hussein for war crimes, was accused of murder.Associated PressPrime Minister Iyad Allawi signed an amnesty law for Iraqis who have committed minor crimes since the American occupation began, and he ordered the closure of the Baghdad office of Al-Jazeera for one month.CTV.caGrand Ayatollah Ali al-Sistani, Iraq’s preeminent Shiite cleric, was flown to London for treatment of a heart condition; there was talk of a power vacuum.GuardianSix Guantánamo Bay detainees boycotted military reviews of their cases.USA TodayJohn Kerry promised to significantly reduce the number of American troops in Iraq by the end of his first term as president.Washington PostA white elephant was seen in Sri Lanka.Nature.comBombs exploded in Karachi, Pakistan, and in Dhaka, Bangladesh, andAssociated Pressthere were at least 12 explosions in Baghdad on Saturday night.Associated PressMoktada al-Sadr defied the new Iraqi government and said he would continue to battle American forces: “the Mahdi Army and I will keep resisting. I will stay in holy Najaf and will never leave. I will stay here until my last drop of blood.”New York TimesA U.S. helicopter was shot down over Sadr City, Baghdad’s Shiite slum.New York TimesIsraeli officials were studying whether to use marijuana to treat soldiers suffering the effects of post-traumatic stress disorder from keeping the Palestinians down.Agence France-PresseBritain banned toothy smiles from passport photos.Agence France-PresseTwo Nigerian policemen were shot and two were stabbed in a battle with wife swappers.ReutersMyanmar was cracking down on peacock poachers.Associated Press
The United States announced that it will insist that the Fissile Material Cutoff Treaty, which would ban countries from making enriched uranium and plutonium for nuclear bombs, be stripped of any mechanism for enforcement, such as inspections. This position, which would render the treaty useless, apparently was reached because the Bush Administration does not wish to submit to inspections.New York Times“My most solemn duty as president,” said Bush, “is to protect our country.”MSNBCScientists said that alcohol makes your brain work better.TelegraphAutism was up in Maryland, andUndernewsProzac was found in Britain’s drinking water.ReutersThai police put a stop to orangutan boxing matches at Safari World, a zoo near Bangkok.Associated PressMissouri’s voters approved a constitutional amendment banning gay marriage.ReutersSeveral Nigeriansorcerers were arrested after skulls, body parts, and 50 corpses were found in shrines belonging to a cult called Alusi Okija; the chief priest of the cult was not arrested, however, because he’s an old man and police didn’t want him to die in custody.Associated PressRussian researchers from the Voronezh State Technological Academy said they had perfected a method for using cow blood as a high-protein dairy replacement in foods such as yogurt.TelegraphBritish scientists discovered mad cow prions in a person who contracted the disease via blood transfusion and died of unrelated causes; they concluded, on the basis of the victim’s genotype, that about half the human population is susceptible to mad cow disease.Sunday Times, Washington PostLocusts were still plaguingMauritania.Agence France-PresseScientists found the reason why mouse mothers are so brave, andNew ScientistDutch lawmakers called for a ban on unsolicited toe licking.Newsday
More from Roger D. Hodge:
Flor Arely SĂˇnchez had been in bed with a fever and pains throughout her body for three days when a July thunderstorm broke over the mountainside. She got nervous when bolts of light flashed in the sky. Lightning strikes the San JuliĂˇn region of western El Salvador several times a year, and her neighbors fear storms more than they fear the march of diseases â€” first dengue, then chikungunya, now Zika. Flor worried about a lot of things, since she was pregnant.
Late in the afternoon, when the pains had somewhat eased, Flor thought she might go to a dammed-up bit of the river near her house to bathe. She is thirty-five and has lived in the same place all her life, where wrinkled hills are planted with corn, beans, and fruit trees. She took a towel and soap and walked out into the rain. Halfway to the river, the pains returned and overcame her. The next thing Flor remembers, she was in a room she didnâ€™t recognize, unable to move. As she soon discovered, she was in a hospital, her ankle cuffed to the bed, and she was being investigated for abortion.
Average amount the company paid each of its 140 top executives last year:
Between one fifth and one half of Englandâ€™s leisure horses are obese.
Scientists in the GalĂˇpagos Islands credited an endangered giant tortoise named Diego with saving his species by fathering more than 800 offspring.
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â€śMatt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'Iâ€™m glad everyoneâ€™s so wasteful,' he told me. 'It supportsÂ my lifestyle.'â€ť