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 …

White House photo. George W. Bush named national security advisor Condoleezza Rice to replace Colin Powell as secretary of state.Washington Post A few days later,Condoleezza Rice entered the hospital for minor surgery of an undisclosed nature.ReutersBush spared two Thanksgiving turkeys from death.Reuters “By virtue of an unconditional presidential pardon, they are safe from harm,” he said.White House The turkeys, named Biscuits and Gravy, were chosen by an Internet poll, beating out Patience and Fortitude.White HouseTexas prisoner Anthony Fuentes was executed.Houston Chronicle A buck was captured and euthanized after running through Chicago’s O’Hare AirportABC 7 Chicago, and a Texas website was …

Caught in the Web. Governor James McGreevey of New Jersey announced that he is a “gay American” and resigned. “I am here today because, shamefully, I engaged in an adult consensual affair with another man, which violates my bonds of matrimony,” he said. “It was wrong. It was foolish. It was inexcusable.”Men’s News DailyThe California Supreme Court nullified gay marriages in that state, andSan Francisco Chroniclethere was a scandal in Australiancattle circles over udder doping.Associated PressPhilippine president Gloria Macapagal Arroyo told her countrymen to stop kissing her, andAssociated Pressfour people were arrested in the Philippines for killing, cooking, and eating …

Runaway Raft on the Tigris. President Bush unveiled his new “five-point plan” for Iraq during a speech at the Army War College in Carlisle, Pennsylvania, and offered to destroy the Abu Ghraib prison if Iraqis want him to; the president also promised to give Iraq a modern prison system.New York TimesThe Bureau of Justice Statistics announced that 1 in 75 American men were in prison or jail last year, and itAssociated Presswas reported that interrogators from Guant�namo Bay, Cuba, went to Iraq last fall and trained military intelligence teams at Abu Ghraib prison.New York TimesIyad Alawi, a doctor who has …

Caricature of Louis IV, by Thackeray. 1875. China announced that Hong Kong will not be allowed to elect its next leader in 2007, contrary to the city’s Basic Law, which was enacted when Britain turned over the territory in 1997; China’s Standing Committee of the National People’s Congress said that an election would create social and economic instability. Tung Chee-hwa, Hong Kong’s current chief executive, called on the people to remain “calm and rational.”BBCThe Bush Administration continued to insist that sovereignty will be turned over to an Iraqi government on June 30 but revealed for the first time that the …

More than 60 prominent scientists, including 20 Nobel prize winners and 19 winners of the National Medal of Science, denounced the Bush Administration for its systematic distortion of scientific facts for political gain; John H. Marburger III, the administration’s head of science and technology policy, dismissed the report and said that it was politically motivated.Chemical and Environmental NewsPresident Bush’s Council of Economic Advisors decided to move the official start date of the last recession from the generally accepted March 2001 to the fourth quarter of 2000, when Bill Clinton was still president.Business WeekHealth and Human Services officials admitted that a …

Caught in the Web, 1860. President George W. Bush, apparently worried that John Kerry was beating him in recent opinion polls, appeared on a Sunday morning talk show. Bush defended his decision to conquerIraq, and although he admitted that his stated reason for invading was false, he also suggested that weapons of mass destruction might still be found. The president said that he had total confidence in the CIA but suggested that he had been misled by incorrect intelligence. “Saddam Hussein was dangerous with weapons. Saddam Hussein was dangerous with the ability to make weapons,” Bush said. “I believe it …

David Kay, the outgoing head of the Iraq Survey Group, said that Iraq got rid of its illegal weapons programs years before the United States invaded. New York TimesKay made it clear that the United Nations weapons-inspection process had succeeded in disarming Iraq and said the Iraqis had been reduced to experimenting with ricin, a primitive but deadly poison easily made from fermented castor beans; Kay also said that the CIA had completely misread the situation in Iraq, largely because the agency had no on-the-ground spies after the U.N. inspectors were removed.New York TimesMore than 100,000 Iraqis filled the streets …

Five military lawyers who represent detainees at Guant�namo Bay, Cuba, filed a brief with the Supreme Court arguing that President Bush has exceeded his constitutional authority in setting up military tribunals for their clients and the other detainees. “Under this monarchical regime,” they wrote, “those who fall into the black hole may not contest the jurisdiction, competency or even the constitutionality of the military tribunals.”New York TimesOne hundred seventy-five members of the Britishparliament, including five former law lords, also filed a brief attacking the administration’s detainment policy. “The exercise of executive power without the possibility of judicial review,” they wrote, …

An American cattleman. In response to the mad-cow crisis, the United States Department of Agriculture banned the human consumption of cow brains, skulls, spinal cords, vertebral columns, eyes, and nerve tissue from cows older than 30 months. Downer cows may no longer be eaten by humans, though they will be boiled down and fed to chickens and pigs, and younger cow brains may still be eaten.Forbes, New York TimesThe American Meat Institutecriticized the new rules, andNew York Timestrade officials were trying to persuade about 30 countries that have banned American beef that there’s nothing to worry about.Associated PressUSDA officials said …

A bovine idyll. Mad cow disease was discovered in the United States for the first time, in a Holstein cow that was too sick to walk but was nonetheless slaughtered and sold for meat. The mad Holstein’s brain and spinal column were sent to a rendering plant somewhere, possibly to be turned into dog or chicken food; there was no word on whether the cow’s blood was processed to be fed to young calves as a milk supplement. Secretary of Agriculture Ann Venemen, a former lobbyist for the beef industry, insisted that even meat from a mad cow is safe …

A federal appeals court ordered President Bush to release Jose Padilla, a U.S. citizen who was arrested last year in Chicago and has been held since then as an enemy combatant. The court ruled that “the president, acting alone, possesses no inherent constitutional authority to detain American citizens seized within the United States, away from the zone of combat, as enemy combatants.”New York TimesA class-action lawsuit was filed against the Justice Department and the Department of Homeland Security accusing the agencies of illegally using a national crime database to enforce civil immigration laws.New York TimesFederal investigators found videotapes of guards …

President George W. Bush signed a $400 billion Medicare bill that will provide a prescription-drug benefit to elderly Americans; the bill permits private insurance companies to compete with Medicare, which many think will destroy the program, but bans policies that would cover gaps in the drug benefit on the theory that people with good prescription coverage take too many pills and drive up medical costs.Associated Press, New York TimesThomas Scully, the federal official who runs Medicare, was preparing to take a job in the private sector, probably with a company that will directly benefit from the new bill, which he …

President George W. Bush traveled to Great Britain, along with 650 companions, including five personal chefs, but was unable to move freely in the country because of massive protests. At Buckingham Palace the president dined on roasted halibut with herbs, free-range chicken, potatoes cocotte, salad, and a sorbet bombe but presumably skipped the Puligny-Montrachet and the Veuve Clicquot, Gold Label, 1995. Truck bombs blew up the British Consulate and a British bank in Istanbul, killing at least 27 and wounding hundreds. Bloody victims ran screaming through the streets. Two hotels in Baghdad used by Westerners were bombed as was the …

Iraqi guerrillas using a homemade launching pad fired eight to ten rockets at the Al Rasheed hotel in Baghdad, where American officials have been staying since April. Some of the Americans were seen fleeing the luxury hotel in their pajamas and shorts; one of the missiles struck a floor just below Deputy Defense Secretary Paul Wolfowitz, but he escaped unhurt. The following day, a suicide bomber driving an ambulance struck the offices of the International Red Cross in Baghdad; the bomb left a six-foot-deep crater and broke windows a mile away. Within 45 minutes, bombers struck four police stations in …

President George W. Bush traveled to Asia and gave a speech in Manila comparing Iraq to the Philippines, a former U.S. colony that was “liberated” from Spain in 1898 and occupied for 48 years. Bush said that the Philippines, which he called “the oldest democracy in Asia,” should be seen as the model for a new democratic Iraq, and then quickly left the country because of security concerns.New York TimesOsama bin Laden released two new tapes and promised a new wave of suicide bombings.Voice of AmericaIraqis in Faluja were photographed dancing on a demolished U.S. Army truck after it was …

A suicide bomber in a shiny new cement truck blew up the United Nations headquarters in Baghdad and killed 23 people, including Sergio Vieira de Mello, the U.N.special representative in Iraq.A pair of hands and a pair of feet, possibly those of the truck’s driver, were found 150 yards from the wreckage.New York TimesThe Bush Administration was hoping that the bombing would persuade Europeans to send more troops to Iraq; the French were quite clear that this would require “sharing information and authority.” Germany and Russia were also unwilling to allow their troops to serve under U.S. command.BBCPalestinians and Israelis …