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 …

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 …

Caught in the Web, 1860. President Obama signed the $787 billion American Recovery and Reinvestment Act and unveiled a $275 billion plan to help some of the 6 million homeowners facing foreclosure in the next three years. Some Republican governors said they would refuse stimulus aid that required their states to expand unemployment insurance. “If Republican governors do not want this money,” said Nathan Daschle, executive director of the Democratic Governors Association, “Democratic governors will put it to good use.” LATCNNCNNBloombergCBS via CQ EconomistChicago TribuneThe Washington PostThe New York TimesThe New York TimesThe New York TimesRepublican National Committee Chairman Michael …

Israel and Hamas agreed to a one-week ceasefire in Gaza, where Gazan officials estimated that 1,300 Palestinians had died.Hamas Agrees to One-Week Cease-Fire in Gaza Conflict“My grandmother was ill in bed when the Nazis came to her home town of Staszow,” said Sir Gerald Kaufman, a British MP who was raised as an Orthodox Jew. “A German soldier shot her dead in her bed. My grandmother did not die to provide cover for Israeli soldiers murdering Palestinian grandmothers.”UK Jewish lawmaker: Israeli forces acting like NazisA Berlin court ruled to allow the display of Hamas flags and paraphernalia at anti-Israel protests, …

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 …

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 …

Caught in the Web, 1860. Governments around the world attempted to slow the global financial catastrophe. Der SpiegelNYTThe stock market in Iceland reopened after a three-day suspension and immediately plunged 77 percent.NYTBloombergReutersThe Economist via Seattle PIFTGuardianBloombergSwitzerland bought $60 billion in bad debt from the largest Swiss bank, while the second-largest Swiss bank sought aid from the government of Qatar.WPPresident George W. Bush announced a world financial summit, described by some as “Bretton Woods II,” to be held at Camp David after the November 4 elections,TelegraphWSJBBCWPNYTWPBloombergCSMand the United States partially nationalized nine of its major banks. “Bush is to the left …

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 …

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, …

Radovan Karadzic was arrested in Belgrade and awaits imminent extradition to The Hague, where he will face charges of genocide for his role in the Srebrenica massacres and the siege of Sarajevo. The former Bosnian Serb president, a psychiatrist and poet who in 1991 pledged to drive Bosnian Muslims down “the highway of hell and suffering,” had been living in the Serbian capital as a New Age guru, promoting alternative medicine and “Human Quantum Energy” under the name “Dragan David Dabic.” Serbia hoped the arrest would hasten its campaign to join the European Union, and it was reported that Ratko …

Colombian military commandos infiltrated a settlement operated by the guerilla group FARC and freed 15 hostages, among them three U.S. contractors and the Colombian-French politician Ingrid Betancourt. President George W. Bush called Colombian President Alvaro Uribe to congratulate him. “What a joyous occasion it must be to know that the plan had worked,” said Bush. “That people who were unjustly held were now free to be with their families.”WhiteHouse.govA federal appeals court ruled that evidence against Hozaifa Parhat, a ChineseMuslim held at Guantanamo Bay for six years, consisted of nothing more than the reassertion of his guilt in three top-secret …

Caught in the Web, 1860. Oil reached a record $139.89 a barrel. Four Western companies met with Iraq’s Oil Ministry to finalize no-bid contracts to tap Iraqi oil fields, and the Nigerian government distributed billions of dollars of windfall to corrupt state officials. Thirty-five countries and 25 oil companies met in Jeddah, Saudi Arabia, to try to fix global oil prices, which have caused strikes, riots, and inflation around the world. Many OPEC countries blamed speculators for the price increase, as did some representatives of oil companies and oil-dependent industries. United States Energy Secretary Sam Bodman blamed supply and demand, …

The Supreme Court ruled 5�??4 that detainees held as “enemy combatants” by the United States in Guantanamo Bay,Cuba, have a constitutional right to challenge their detention through habeas corpus petitions in federal courts. “Liberty and security can be reconciled…within the framework of the law,” wrote Justice Anthony M. Kennedy in the court’s decision. “The Framers decided that habeas corpus…must be…a part of that law.” Dissenting, Chief Justice John Roberts asked, “So who has won? Not the detainees. The Court’s analysis leaves them with only the prospect of further litigation.” Defense lawyers for the detainees moved to establish that their clients …

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 …

Twenty U.S. soldiers were killed last week fighting across Iraq, and 1,300 Iraqi officers and soldiers were fired for poor performance. The Bush Administration said it was optimistic that many more refugees from the estimated 4.4 million people who had fled Iraq or had been “internally displaced” would be allowed into the United States. Since the war began the United States has accepted only 5,000 Iraqi refugees. Sweden has taken 34,000.ReutersIHTHillary Clinton and John McCain accused Barack Obama of elitism after Obama commented on the bitterness of working-class people in a speech at an expensive San Francisco fund-raiser. “They cling …

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 …

An American cattleman. In the G.O.P. primaries on Super Tuesday, John McCain emerged as the likely Republican presidential nominee after winning California,New York, New Jersey, and other “blue states”; Mike Huckabee won states in the South, and Mitt Romney won states in which he has owned a home. Romney later announced the end of his presidential campaign to an audience that moaned and cried “No, no!” “Size,” explained Romney, referring to the number of delegates pledged to McCain, “does matter.”Talking Points MemoNational PostBreitbartDemocratic primaries left neither Senator Barack Obama nor Senator Hillary Clinton with a clear lead over the other, …

An American cattleman. Members of a North African faction of Al Qaeda detonated bombs at the U.N. complex in Algeria and at the country’s Supreme Court, killing at least 26 people and injuring more than 170.Washington PostNew York TimesA top Lebanese army general was assassinated by a car bomb as he was leaving his home,Washington Postand a triple car bombing in southern Iraq killed at least 46 people. “I don’t think,” one resident said, “there will be any safe place in Iraq after what happened today.”Washington PostThe U.S. Postal Service was throwing away hundreds of thousands of holiday cards addressed …

The Cloaca Maxima, 1872 Friday marked Mexico‘s Day of the Dead, which was celebrated as hundreds of thousands of people attempted to flee the flooded state of Tabasco by boat, helicopter, jet ski, tractor, or by swimming through murky, snake-infested currents.AP via Yahoo! The town of Orme, Tennessee, which has suffered from a prolonged drought, announced that it had run out of water.APFormer FEMA director Michael D. Brown, who now works for a disaster recovery company, was made available for comment regarding the wildfires raging in California,.PR Newswireand the ten-year-old boy who started a fire that spanned 60 square miles …