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 …

An American cattleman. President George W. Bush announced a $13.4 billion bailout for General Motors and Chrysler. The bailout, which will make use of funds authorized by Congress in October for the rescue of U.S. financial institutions, requires among other things that the automakers sell their fleets of private aircraft. “I’ve abandoned free-market principles,” said Bush, “to save the free-market system.”New York TimesBreitbartPresident-elect Barack Obama called for an expansion of his economic recovery plan in order to save a half-million more jobs atop the 2.5 million he already hopes to save, at a total cost of $600 billion or $700 …

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 …

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 …

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 …

Hillary Clinton gained nine more delegates than Barack Obama in the Pennsylvania primary and challenged him to debate without a moderator. Obama, who declined, reportedly seemed “tired” and “brittle” campaigning in Indiana. “Seniors, listen up,” he said. “I’m getting gray hair myself. Running for president will age you quick.” New York TimesAPTelegraphJohn McCain’s campaign received a $1,000 discount on the rental fee for a public space for a fundraiser in Homewood, Alabama, along with $100 worth of free labor from the inmates of a local jail.Birmingham NewsAll three candidates taped messages for World Wrestling Entertainment’s “W.W.E. Raw”: Clinton declared herself …

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. 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 …

An American cattleman. President Mahmoud Abbas dissolved the Palestinian unity government and declared a state of emergency after masked Hamas gunmen seized control of the Gaza Strip. Hamas looters broke into former Palestinian Authority chairman Yasser Arafat’s home and stole military outfits, photographs of his daughter, and his Nobel Peace Prize. “I see Iraq here,” a bystander in Gaza said. “There is no mercy. We are afraid. See how ferocious this fight was? There is no future for us.”New York TimesThe Jerusalem PostNew York TimesIsrael and the United States tacitly agreed on a policy to treat the West Bank and …

Runaway Raft on the Tigris. Thousands of U.S. Marine reserves were involuntarily recalled to active duty to offset a lack of volunteers for the fighting in Iraq and Afghanistan.CNNPresident George W. Bush admitted that the Iraq war was “straining the psyche of our country,”Washington Postand Secretary of State Condoleezza Rice refused to categorize the fighting in Iraq as a civil war, citing instead “sectarian differences.”Washington PostThree Kurdish women testified against Saddam Hussein in his chemical-weapons genocide trial, describing a “sweet, mysterious smell” that blinded them, killed their relatives, and forced them to hide in caves.New York TimesA senior U.S. general …

Israeli Prime Minister Ehud Olmert insisted that the war with Lebanon would continue, and the Lebanese government rejected an internationally-brokered peace plan, claiming it favored Israel.Washington PostHezbollah leader Sheik Hassan Nasrallah boasted that his forces were inflicting “maximum casualties” and warned Israel that if it “bombed our capital Beirut, we will bomb the capital of your usurping entity”; he also called on his fellow Arab leaders to “be men for just one day.”NY TimesCNNLebanon’sstock exchange reopened,NY TimesNY TimesBBCand the mayor of Beirut said war with Israel was bad for the environment.Globe and MailEnglish Prime Minister Tony Blair said there was …

War erupted between Hezbollah and Israel after the Lebanese militia launched Operation Truthful Promise against Israel by crossing the border and capturing two Israeli soldiers. The operation was staged in response to Operation Summer Rains, in which Israel occupied Gaza and destroyed a large portion of the civilian infrastructure. Israel countered Operation Truthful Promise by staging Operation Just Reward against Lebanon, bombing roads, bridges, power stations, fuel depots, ports, and airports, and killing numerous civilians. Hezbollah bombed Haifa, surprising Israel with the range of its rockets and killing at least eight civilians. “You wanted an open war,” said Hezbollah leader …

North Korea launched six rockets over the Sea of Japan, including a Taepodong-2 intercontinental ballistic missile, which apparently was aborted after just 40 seconds. One thing we have learned, said President George W. Bush, who strongly dislikes North Korea’s Dear Leader Kim Jong Il, “is that the rocket didn’t stay up very long.” The president, who expressed annoyance when a reporter pointed out that Kim Jong Il had on all accounts increased his nuclear potency since Bush took office, claimed that his antimissile system, which has failed repeated tests, had a “reasonable chance” of intercepting the Taepodong.New York TimesIndia tested …

More than 170 people died in attacks in Iraq. They were: blown up at a Shiite shrine in Karbala; killed at a police recruiting center in Ramadi; and attacked with mortar, automatic weapons, and finally by a suicide bomber at a funeral near Baquba.BBC NewsBBC NewsTwelve U.S. soldiers were believed to have been killed when an Army helicopter crashed in northern Iraq,The New York Timesand a U.S. airstrike north of Baghdad, intended to destroy a shelter for insurgents, killed a civilian family of 12.Washington PostThe FAA took steps to lower the risk of spaceterrorism.BBC NewsA suicide bombing in Afghanistan killed …

The Senate, with Dick Cheney casting the deciding vote, cut $40 billion in funding for foster care, child support, and student loans.Democracy Now!U.S. Secretary of State Condoleezza Rice asked Congress for $50 million to support African troops in Darfur, but her request was rejected.Herald News DailyAmericans had spent $18.48 billion on gift cards this holiday season.USA TodayThe House voted to extend the Patriot Act by five weeks.APPresident George W. Bush called nine U.S. servicemen and servicewomen and wished them a Merry Christmas,APwhile British Prime Minister Tony Blair visited Iraq.BBC NewsIt was revealed that undercover police in New York City had …

President George W. Bush defended his executive order authorizing the National Security Agency to spy on Americans without a warrant; Bush said that he “absolutely” had the right to authorize the program, and that whoever leaked news of the program’s existence had committed a “shameful act.”The New York TimesDick Cheney visited Iraq and informed American soldiers that he was not Jessica Simpson. He also watched as Iraqi soldiers holding imaginary guns practiced a vehicle sweep.SFGate.comThe Iraqi military announced that they had captured Abu Musab al-Zarqawi, the leader of Al Qaeda in Iraq, but accidentally released him,BBC Newsand 24 top officials …

At the U.S. Naval Academy in Annapolis, Maryland, President George W. Bush gave a speech on the Iraq war. “As Iraqi forces grow more capable,” he said, “they’re increasingly taking the lead in the fight against the terrorists.”CNN.comOperation Steel Hammer, intended to end Al Qaeda operations in Hit, west of Baghdad, was launched with a force of 1,500 U.S. Marines, 500 U.S. Army soldiers, and 500 Iraqi soldiers.ABC NewsNineteen Iraqi soldiers were killed in an attack north of Baghdad,Turkish Press/AFPand ten U.S. Marines were killed by a roadside bomb in Fallujah.BBC NewsIn New York City, a defense contractor named David …

I. Lewis “Scooter” Libby, Vice President Dick Cheney’s former chief of staff, pleaded not guilty to charges of obstruction of justice, perjury, and making false statements.The Los Angeles TimesSenator Harry Reid and Representative Nancy Pelosi called for Karl Rove to be stripped of his security clearance.KHON2/Fox NewsJudith Miller was expected to return to her job at the New York Times.The New York ObserverSir Christopher Meyer, the former British ambassador to the United States, said that the Iraq war was inspiring acts of terrorism: “God,” he said, “it does not look good.”BBC NewsThe FBI, under the Patriot Act, was issuing 30,000 …

A bovine idyll. The New York Times finally published an account of reporter Judith Miller’s involvement in the Valerie Plame Wilson case. At issue in the case is a notebook in which Miller had written the name “Valerie Flame”; Miller said she could not recall the source of the name, even though she had used the same notebook to interview I. Lewis “Scooter” Libby, Dick Cheney’s chief of staff. “We have everything to be proud of,” said Miller. It was reported that both Libby and Karl Rove would probably resign if indicted,The New York TimesTimeand Lynne Cheney said that her …