An American cattleman. The Congressional Budget Office announced that a proposed plan to control health-care spending would save only $2 billion over ten years, compared to a proposed $1 trillion in spending, although the agency also pointed out that the legislation could increase the proportion of people receiving insurance through their employers, despite Republican claims to the contrary. Democrats, with control of both the House and Senate, fought among themselves. House Energy and Commerce Chairman Henry Waxman threatened to move the bill to the floor without a committee vote if the Blue Dogs, seven conservative Democrats, refused to cooperate; Nancy …

President Barack Obama nominated Sonia Sotomayor, a Bronx-born, divorced, childless, diabetic, Hispanic federal judge on the U.S Court of Appeals for the Second Circuit, to replace Justice David Souter on the Supreme Court. Analysts studying Sotomayor’s decisions were unable to determine whether she would uphold Roe v. Wade, or whether she was distinctly pro- or anti-business, but much was made of a 2001 speech at the University of California at Berkeley in which she expressed hopes that a “wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male …

Swine flu, renamed under pork-lobby pressure to “influenza A (H1N1) virus, human,” and referred to as “killer Mexican flu” by anti-immigration activists, had infected 985 people, or 0.0000145 percent of the world’s population. Twenty countries reported infections; one death from the flu was confirmed in the United States; and 25 people had died in Mexico, where a cute five-year-old boy named Edgar Hernandez was presented to the media as “patient zero.”SFGate.comUSA TodayThe World Health OrganizationThe GuardianThe New York Daily NewsMexico shut down for five days to contain the illness,The TelegraphChina began to quarantine Mexicans,The Wall Street Journaland Vice President Joe …

An American cattleman. The U.S. Centers for Disease Control declared a public-health emergency over an outbreak of swine flu that has infected at least 20 people in California, Kansas, New York, Ohio, and Texas. The virus is believed to have originated in Mexico City, where more than 149 people, all aged between 20 and 40, have died, and at least 1,300 people have gotten sick. Mexico‘s government closed all schools, universities, and zoos, canceled church services, soccer games, and bullfights, and banned visits to beauty salons and juvenile detention centers. Swine flu has been found in Canada, China, France, Israel, …

An American cattleman. The U.S. Bureau of Labor Statistics announced that 651,000 jobs were lost in February (making it the third straight month in which more than 650,000 jobs have been lost) thus increasing the unemployment rate to 8.1 percent, the highest level since 1983. The Obama Administration pointed to 60 new highway-paving jobs in Maryland as proof that the $787 billion stimulus package was succeeding. “That’s how we’re going to get the country back on its feet,” said Transportation Secretary Ray LaHood. The White House hopes that the stimulus package will generate 3.5 million jobs; 4.4 million have been …

President Barack Obama addressed a joint session of Congress, offering a broad outline of a massive spending plan paired with $2 trillion in spending cuts over the next decade. “Now is the time,” he said, “to jump-start job creation, restart lending, and invest in areas like energy, health care, and education.”NPR.orgIt was announced that General Motors lost $30.9 billion last year; that U.S. GDP fell 6.2 percent in the fourth quarter of 2008, exceeding the officially predicted 3.8 percent drop, and even the 5.5 percent drop economists had expected; and that the U.S. government will own up to 36 percent …

A Christian martyr. Two days after three candidates and two campaign workers were kidnapped and murdered, Iraqis voted in the first national elections since 2005, choosing between 14,000 candidates running for 440 provincial offices. Two men were shot and wounded at a polling place in Sadr City, and some voters were turned away when their names could not be found on voting rolls dating from food ration lists held over from Saddam Hussein’s reign. CNN“This day is a victory for all Iraqis,” said an Iraqi general in Kirkuk. “I don’t know whom to vote for,” said an inmate at Basra’s …

Israel extended its occupation of the Gaza strip, sending in ground forces and cutting the territory in two. Hamas fired 32 missiles at Israel. The Palestinian health ministry reported that more than 500 Palestinians, most of them civilians, including 21 children, have been killed so far; the Israeli military stated that 80 percent of the Palestinian dead were members of Hamas. “We don’t intend neither to occupy Gaza nor to crush Hamas, but to crush terror,” explained Israeli President Shimon Peres. “And Hamas needs a real and serious lesson.” “We have restrained ourselves for a long time,” said Israeli Defense …

Israel bombed Hamas targets in Gaza for three days, killing at least 300 people, 50 of them civilians, and blowing up a mosque and a television station. Palestinians seeking to flee into Egypt were turned back; a doctor at a Gaza hospital said that after 18 months of Israeli sanctions the lack of medical facilities made it better for a patient “to be brought in dead.” Israeli Defense Minister Ehud Barak said that the bombing, ordered in retaliation for ongoing rocket attacks by Hamas, would be “widened and deepened as is necessary,” and an area around Gaza was declared a …

The Labor Department reported that 533,000 people lost their jobs in November, a further 621,000 people were forced into part-time employment, and 422,000 more simply dropped out of the labor force. The report, describing a situation far worse than economists expected, also recorded 24,000 layoffs by auto dealers.MarketwatchRepresentatives of the Big Three car companies, facing their lowest sales in decades and, in the case of Chrysler and General Motors, imminent collapse, again appeared before Congress (traveling by car and commercial flights this time, rather than on private jets) to ask for $34 billion in aid, a few billion less than …

A Christian martyr. After a trial based predominantly on classified evidence, much of which could not be discussed with the defendants, U.S. District Judge Richard Leon ordered the release of five Algerian prisoners from Guantanamo Bay, where they have been held without charge for seven years based on a single, unidentified source. “To allow enemy combatancy to rest on so thin a reed,” said Leon, “would be inconsistent with this court’s obligation.” The judge called upon the Justice Department to accept his ruling, saying that the Algerians deserve to go home and that an appeal would keep the prisoners at …

Doctors in Berlin announced that they had cured a man of AIDS by giving him transplanted blood stem cells from a donor naturally resistant to the virus; other researchers cautioned that the treatment was of little immediate use, and justified in this case only because the patient had leukemia. “Frankly,” said Dr. Robert C. Gallo of the University of Maryland School of Medicine, “I’d rather take the medicine.”NYTA German shoplifter with no arms stole a 24-inch television. “It’s hard to believe,” said a police officer, “that the sight of an armless man walking along with a giant TV clamped to …

An American cattleman. On the 79th anniversary of the stock market crash of 1929, the Dow fell 312.3 points, closing below 8400. Chrysler announced that it would cut 25 percent of its salaried jobs, OPEC said that it was cutting oil production by 1.5 million barrels a day, and former Federal Reserve chairman Alan Greenspan declared that financial markets were engulfed in a “once-in-a-century credit tsunami” and admitted that he had “found a flaw” in his free-market ideology. “I don’t know how significant or permanent it is,” he said of his mistake. “But I’ve been very distressed by that fact.”The …

Caught in the Web, 1860. After many years of increasing borrowing and at least thirteen months of evidence of an impending catastrophe, American financial institutions faced the worst credit crisis since the Great Depression. “The world,” explained Iranian President Mahmoud Ahmadinejad, “no longer has the capacity to absorb fake U.S. dollars.”EconomistThe Wall Street JournalBloombergGlobal stock markets lost $3.1 trillion in four days, and American International Group (AIG), the world’s biggest insurance company and a leader in the $62 trillion credit-default swap market, was nearly bankrupted. “The private market has screwed itself up,” said Representative Barney Frank (D., Mass.), “and they …

Stocks on Wall Street and other exchanges throughout the world dropped as brokerage Merrill Lynch was bought by Bank of America, insurance giant AIG sought tens of billions of dollars in government loans, and investment bank Lehman Brothers declared bankruptcy.The New York TimesJohn McCain and Barack Obama suspended political advertising and appeared together at the World Trade Center site to commemorate the seventh anniversary of the September 11 attacks,The New York Timesand former Massachusetts governor Jane Swift, chair of the Palin Truth Squad, demanded that Obama apologize for saying that McCain’s promise to change Washington amounted to putting “lipstick on …

One million people fled New Orleans to avoid Hurricane Gustav, which landed in Louisiana as a weakened category-2 hurricane and caused relatively little damage. Mississippi officials ordered people still living in the FEMA trailers erected after Hurricane Katrina to evacuate, and John McCain canceled opening-day ceremonies for the Republican National Convention at the Xcel Energy Center in Saint Paul, Minnesota. “This is a time when we have to do away with our party politics and we have to act as Americans,” said McCain. “Not as Republicans.”GuardianIOL.co.zaNew York TimesUSA TodayYahoo!McCain picked Alaska Governor Sarah Palin, 44, as his running mate. Palin, …

The U.S. Office of Thrift Supervision seized the IndyMac Bank of California, worth an estimated 32 billion dollars, after the bank’s closure in the wake of mortgage industry collapse,AFPand the Bush Administration proposed a rescue package for ailing mortgage companies Fannie Mae and Freddie Mac that would allow the Treasury to buy billions of dollars of their stock and lend them billions more to meet their short-term funding needs. The two companies’ total debt is estimated at $1.54 trillion.NYTimesAbu Dhabi bought New York City’sChrysler building for $800 million,GuardianUKand the Belgian brewer InBev planned to buy Anheuser-Busch for nearly $50 billion.AP …

The Supreme Court overturned the 32-year ban on handguns in Washington, D.C., ruling 5-4 that there is a Second Amendment right to own a gun for personal use. Justice John Paul Stevens wrote in his dissent that the court’s ruling, its first on the Second Amendment in 70 years, showed a lack of “respect for the well-settled views of all of our predecessors on the court, and for the rule of law itself.” The National Rifle Association promptly brought lawsuits against five other cities with handgun bans, including San Francisco, Chicago, and Oak Park, Illinois. “It’s just completely befuddling,” said …

Caught in the Web, 1860. Iraqi Prime Minister Nouri al-Maliki ordered an offensive against the Mahdi Army, a large Shia militia allied with cleric Moqtada al-Sadr, in the oil-rich southern port city of Basra. Senator John McCain called the offensive “a sign of the strength of [Maliki's] government,” President George W. Bush said it was “a positive moment in the development of a sovereign nation,” and a Pentagon spokesman called it “a by-product of the success of the surge.” The offensive, dubbed the Charge of the Knights, erupted into six days of heavy fighting that spread across southern Iraq and …

An American cattleman. As the war in Iraq stretched beyond its fifth year the U.S. death toll rose to 4,000, and a national conference intended to reconcile sectarian groups was boycotted by Sunnis.BBC NewsAssociated PressMSNBCSenator John McCain visited Jordan and told reporters that it was “common knowledge and has been reported in the media that Al Qaeda is going back into Iran and receiving training and are coming back into Iraq from Iran.” Senator Joe Lieberman was seen whispering into McCain’s ear, after which McCain apologized. “The Iranians are training extremists,” he explained. “Not Al Qaeda.” Later, in Jerusalem, a …