A Christian martyr. The Dow Jones Industrial Average fell 777 points in one day after the House of Representatives failed to pass a Wall Street bailout plan, first put forth by President George W. Bush, that would have granted Treasury Secretary Henry Paulson up to $700 billion to buy, at any price, toxic mortgage-backed assets from financial firms. “It’s not based on any particular data point,” said a Treasury spokeswoman of the $700 billion figure. “We just wanted to choose a really large number.”Wall Street JournalWashington PostForbes.comSenator John McCain announced that fixing the economy was more important than politicking, suspended …

President George W. Bush gave a radio address for Memorial Day weekend, invoking the sacrifice of 4,071 U.S. soldiers in Iraq and 432 in Afghanistan. Later, for the last time in his capacity as President, he placed a wreath at the Tomb of the Unknown Soldier at Arlington National Cemetery.APBloomberg.comTen thousand Iraqi troops met little resistance as they took control of Mahdi Army-controlled Sadr City under the terms of a cease-fire agreement.Oil rose above $130 a barrel,APand Barack Obama won the Democratic primary in Oregon, while Hillary Clinton won in Kentucky.CNNPolitics.comClinton insisted that her candidacy was still viable. “My husband …

Caught in the Web, 1860. The military junta in Myanmar put the official death toll from last week’s Cyclone Nargis (Urdu for “daffodil”) at 28,458, while foreign observers, taking into account that heavy rains were expected to continue, with malaria, tuberculosis, cholera, typhoid, and dysentery to follow, expected that as many as 100,000 people would die. Before distributing foreign-aid packages, the junta re-labeled them with the names of its generals; a referendum on a new constitution that will perpetuate the junta’s rule was not delayed. “Let’s go cast a vote,” sang two female pop vocalists on state-run television. “With sincere …

Cyclone Nargis tore off roofs, shredded trees, overturned cars, and killed more than 10,000 people in Myanmar.Local 6Tens of thousands of Somalis rioted in Mogadishu over the high cost of food,CNNPresident Bush pledged $770 million in international food aid,BBCand an inmate awaiting trial for murder sued an Arkansas county jail for underfeeding him after he shed 105 pounds from his 413-pound frame. “About an hour after each meal,” he stated in a complaint, “my stomach starts to hurt and growl [and] I feel hungry again. We are literally being starved to death.”CBSThe sister-in-law of Josef Fritzl, the Austrian electrician accused …

Burma’s junta claimed that peace and stability had been restored following its crackdown on mass pro-democracy protests in which at least 30 people, but likely far more, were killed. Up to 6,000 monks had been arrested, Internet service to the country was almost completely cut off, and the army was paying 20,000 kyat to the families of non-protesters who had been accidentally killed. “Myanmar people,” said a demoralized taxi driver, “have no blood in their veins.” VOABBC NewsBloombergBBC NewsThe AgeSylvester Stallone, filming the sequel to “Rambo” near the Burmese border, described the country as “a hellhole beyond your wildest dreams.”AP …

The Cloaca Maxima, 1872 Iranian President Mahmoud Ahmadinejad, hailed by his countrymen as the “Socrates of the Third Millennium” for “disarming other speakers through his sharp reasoning,” gave a speech on Monday in which he claimed that Iran had no homosexuals and disavowed reports of his nuclear ambitions. “Let me tell a joke here,” Ahmadinejad said. “I think the politicians who are after atomic bombs, or testing them, making them, politically they are backward, retarded.” On Tuesday he met with Zimbabwe President Robert Mugabe, addressed the United Nations (where he announced that he would disregard any resolutions adopted by the …

Israel, a few days before Yom Kippur, declared that the Gaza Strip is now a “hostile entity,” and the office of Prime Minister Ehud Olmert (who is under investigation for corruption) announced a collective-punishment plan that includes “limiting the transfer of goods to the Gaza Strip, cutting back fuel and electricity, and restricting the movement of people to and from the Strip.” Hamas spokesman Fawzi Barhoum condemned Israel’s “criminal, terrorist Zionist actions.”BBC NewsBBC NewsABC NewsU.S. Secretary of State Condoleezza Rice, who recently was denied an audience with the Pope, went to Jerusalem to bring peace,BBC Newsand it was reported that …

In Iraq over 66 people were killed in attacks, including two CBS News employees when their convoy was struck by a car bomb; a CBS correspondent was seriously injured in the same attack. In Baghdad two tennis players and their coach were killed for wearing shorts, and a Marine helicopter was shot down over the Anbar province.ABC NewsAP via Forbes.comABC NewsABC NewsABC NewsSoldiers were developing emotional relationships with their bomb-defusing robots. “Please fix Scooby Doo,” said one soldier, “because he saved my life.”MSNBCSenator John Warner called for hearings into the killings of more than 20 civilians in Haditha by U.S. …

The United States was investigating claims that someone flushed a copy of the Koran down a Guant�namo Bay toilet. In Afghanistan, news of the flushing led to riots, where hundreds chanted “death to America” and at least fifteen people died.BBC NewsNewsweek, which published the original report of the Koran desecration, retracted the story but pointed out that similar behavior has been widely reported.BBC NewsConnecticut held its first execution in forty-five years,Reutersand a Holocaust memorial opened in Berlin. Some people were upset that it only commemorated the deaths of Jews.ReutersThe White House and Capitol Building were evacuated for a few minutes …

In Iraq, the bodies of fifty Shiite hostages, some mutilated or headless, were pulled from the Tigris river, and the bodies of nineteen Iraqi soldiers were found in a soccer stadium in the city of Haditha. A suicide bomber tried to assassinate Iraqi Prime Minister Iyad Allawi,Los Angeles Timesand Iraqi militants shot down a commercial helicopter, killing ten passengers; they then shot the sole survivor, the helicopter’s Bulgarian pilot, and distributed a video of the shooting on the Internet.ABC NewsIn Tehran, around 400 Iranians signed up to become suicide bombers. “As a Muslim, it is my duty,” said a mother …

Weighing the soul, 1875. 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 …

Attorney General John Ashcroft mocked librarians for their opposition to provisions of the USA Patriot Act that permit federal agents to seize citizens’ library records; Ashcroft said that the librarians were indulging in “baseless hysteria” and wondered why the FBI would care “how far you have gotten on the latest Tom Clancy novel.” He did not make clear why the government needs access to library records, however,New York Timesand later said that no requests for such records had yet been made.New York TimesMembers of the House and Senate appropriations committees agreed to kill funding for the Pentagon’s Terrorist Information Awareness …

North Korea announced its intention to accelerate its program to build a nuclear deterrent and said that a U.S. naval blockade or embargo could lead to “all-out war“; a state-run newspaper said that “the Iraqi war proved that disarmament leads to war.Therefore it is quite clear that the DPRK can never accept the U.S. demand that it scrap its nuclear weapons program first.”Associated PressPresident Bush declared that the world will not tolerate nuclear weapons in Iran.”Iran would be dangerous,” he said, “if they have a nuclear weapon.”New York TimesThe Senate Select Committee on Intelligence made a deal to conduct a …

Russia warned that the United States was reverting to Cold War rhetoric after Defense Secretary Donald Rumsfeld denounced Russia as an “active proliferator” of dangerous technology. “They are part of the problem,” he said, defending President George W. Bush’s plans, over Russia’s objections, to deploy an anti-missile system. “Why they would be actively proliferating and then complaining when the United States wants to defend itself against the fruit of those proliferation activities it seems to me is misplaced.” It was “foreign-policy week” at the White House: President Bush went down to Mexico for a visit, personally authorized what he called …

Australianresearchers, who were trying to use genetic engineering to sterilize mice, accidentally created a deadly, immune-system-destroying strain of the mousepox virus, a cousin of the human smallpox virus. Two biotechnology companies announced that they had sequenced the rice genome. Uganda’s most recent outbreak of Ebola fever seemed to be over. Someone sent a letter filled with orange powder, which looked like anthrax, to the Southern Baptist Convention in Nashville, Tennessee, causing the evacuation of a building. E. coli, whose genome was recently sequenced, has a habit, researchers said, of picking up new genes from bacteriophages, viruses that infect bacteria, which …

Safeway, the supermarket chain, recalled its house brand of corn taco shells after food critics discovered that the shells contained StarLink, a type of genetically modified corn that was not approved for human consumption. Taco Bell previously recalled its shells.The National Grain and Feed Association demanded the names of some 2,000 farmers who have planted StarLink crops; the manufacturer, Aventis Crop Science, refused to provide the names.Advanced Cell Technology, a company in Worcester, Massachusetts, announced that it had cloned an Asian guar; the embryo was gestating in an Iowan cow. The company plans to clone the extinct bucardo mountain goat …

Data from the Galileo spacecraft yielded evidence that Europa, Jupiter’s second moon, may have salty liquid oceans beneath its icy shell, increasing the likelihood of finding life there. Austrian scientists discovered bacteria living among the clouds. The National Institutes of Health issued rules allowing researchers who receive federal funds to use human embryonic stem cells in their studies. Richard Hatch won the Survivor game show. Three men beat a Gypsy woman, a mother of eight, to death in Slovakia. Experts urged the United Nations to improve its peacekeeping department by adding an intelligence unit. Against the advice of senior Justice …