Caught in the Web, 1860. Federal agents arrested hedge-fund manager Bernard Madoff and charged him with running a $50 billion Ponzi scheme, possibly the largest in Wall Street history. Madoff faces a maximum penalty of 20 years in prison and $5 million in fines; he had hoped to distribute his last $200 million to friends, family, and favored employees before his arrest, but was turned in by his sons. SECNYTBloombergWSJNYTRepublicansenators killed a plan to loan $14 billion to American automakers, and the White House said it would consider other options to save the industry and as many as three million …

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 …

An American cattleman. Attorney General Alberto Gonzales resigned.New York TimesThe CIA’s inspector general released a report recommending that former CIA director George Tenet and other senior officials be held accountable for failing to prepare for the threat of Al Qaeda before the September 11 attacks,New York Timesand the Pentagon announced it would close Talon, the database created after September 11 to monitor and store information about security threats and peace activists. Washington PostGrace Paley died.New York TimesIn a motion filed by the Justice Department, the Bush Administration argued that the White House Office of Administration is not subject to the …

The Cloaca Maxima, 1872 Iraqis took to the streets after the national soccer team beat Saudi Arabia 1?0 in the Asian Cup championship. At least four people were killed by “happy fire” in the midst of what were reported to be the largest spontaneous celebrations in Iraq since the fall of Saddam Hussein. “Sport brings us together while the heads of everything in Baghdad can’t bring us together for five years,” said one reveler. “If the Iraqi football team ruled us, peace would spread in our home.” Each member of the Lions of the Two Rivers will receive $10,000 from …

“Into the palace parlor they stepped; her hand in his paw the old bruin kept,” 1875 Thirty-seven American soldiers were killed in Iraq, ending the deadliest month for U.S. forces in the past two-and-a-half years. U.S. military commanders were negotiating cease-fires with Iraqi militants, Turkish troops shelled northern Iraq, and in Baghdad the country’s preeminent calligrapher was shot to death. icasualties.orgAP via breitbart.comAP via International Herald TribuneBBCIraq was found to be the world’s 121st least peaceful country out of 121 countries; the United States ranked 96, below Yemen but above Iran.BBCThe crowd at the Miss Universe competition in Mexico City …

Caricature of Louis IV, by Thackeray. 1875. Twenty-three people were killed in bombings in Kirkuk, Iraq, and 180 bodies, some showing signs of torture, were found in Baghdad,.BBCwhere interfaith dating has become extremely difficult. “There is no hope in this country anymore for Sunnis and Shiites to fall in love,” said Husham al-Gizzy, holding his face in his hands.The New York TimesThe Washington Post“We have to embrace,” said Iraqi Prime Minister Nouri al-Maliki, “the culture of dialogue and reconciliation.” CBS NewsThe Abu Ghraib prison was placed under Iraqi control. “I heard shouting,” said a recent visitor, “like someone had a …

In Iraq, a car bomb in Basra killed at least 33 people, CNNa mortar attack in southern Baghdad killed 9 people,Yahoo! Newsand 8 U.S. soldiers died.icasualties.orgPolice found 22 bodies with bullet wounds and signs of torture in Baghdad;Reutersnorthwest of the city, at an improvised checkpoint, 19 civilians were dragged from their cars and shot.Kuwait News AgencyTwenty-one Kurds and Shiites, many of them high school students, were ordered off a bus and executed in Ain Laila.Belleville News DemocratIn Baquba 7 policemen were killed,BBCand the heads of 8 Sunni men were found in Dole banana boxes.Indian ExpressReutersSix more policemen were killed in …

Eighty-six corpses–most shot, some strangled–were found around Baghdad over a 30-hour period. CNN“We are losing each day as an average 50 to 60 people throughout the country, if not more,” said Iyad Allawi, the former interim prime minister of Iraq. “If this is not civil war, then God knows what civil war is.”BBC NewsDonald Rumsfeld denied that Iraq was in a civil war.CNNThe United States launched Operation Swarmer against the Iraqi insurgency. While the operation was described as the largest air assault since the beginning of the Iraq war, there were no airstrikes and no leading insurgents were captured.TimeA videotape …

President George W. Bush held a prime-time press conference and refused several times to apologize or accept responsibility for his government’s failure to prevent the September 11 attacks; theNew York Timespresident defended his decision to conquer Iraq and said that the Iraqis were “deceptive at hiding things. We knew they were hiding things. A country that hides things is a country that is afraid of getting caught. And that was part of our calculation.”New York TimesBush also said that “freedom is the Almighty’s gift to every man and woman in this world. And as the greatest power on the face …

A Small Family. Killing Ground. Four American mercenaries employed by Blackwater Security Consulting were pulled from their vehicles in Fallujah, Iraq, hacked to death, burned, and dragged through the streets; the remains of two were then hung from a bridge over the Euphrates River along with a sign that said “Fallujah is the cemetery for Americans.”BBC“Despite an uptick in local engagements,” said General Mark Kimmit at a press briefing a few hours later, “the overall area of operations remains relatively stable with negligible impact on the coalition’s ability to continue progress in governance, economic development, and restoration of essential services.”New …

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 …

The Bush Administration, worried about the political cost of the Iraq war and increasingly plagued by comparisons with Vietnam, decided to speed up its “Iraqification” plan by transferring sovereignty to a provisional native government by June 30.New York Times, USA Today“They are, we believe, ready for it,” said Condoleezza Rice. “And they have very strong ideas about how it might be done.” President Bush said that he believes the Iraqis “have the capacity to run their own country.”ReutersThe American-appointed mayor of Sadr City, a suburb of Baghdad, was killed after he drove into a forbidden area and got into a …

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 …

Two hundred couples were selected by an Italian embryologist to take part in a human cloning project; the human clones will be made using a technique similar to that which produced Dolly the sheep. The United States House of Representatives voted to ban human cloning for both reproduction and medical research; the measure also prohibits the sale of treatments derived from such procedures. Some British and Indianscientists claimed that they had positively identified alien bacteria entering Earth’s upper atmosphere from space, which would tend, they said, to confirm the Panspermia theory of life’s origin. Hundreds of pounds of such bacteria, …

President George W. Bush, who turned 55 this week, played golf for the first time since he was inaugurated. The president wasasked what the Fourth of July meant to him. “It means what thesewords say, for starters,” he replied. “The great inalienablerights of our country. We’re blessed with such values in America. AndI �?? it’s �?? I’m a proud man to be the nation based uponsuch wonderful values.” A new study of 300,000 Nissan car loans found that blacks paid an average $800 more than whites. Supreme Court Justice Sandra Day O’Connor told the Minnesota Women Lawyers Association that innocent …

Serbia‘s prime minister gave Slobodan Milosevic to The Hague to be tried for war crimes even though doing so was technically illegal; the prime minister of Yugoslavia resigned in protest. The International Court of Justice rebuked the United States for executing two German brothers in 1999 without following established international law, which required the German consulate to be notified of the men’s arrest and conviction. American and British warplanes bombed Iraq again, killing three people. Dissidents from the Ivory Coast filed suit against President Laurent Gbagbo in Belgium, whose courts, oddly enough, have universal jurisdiction in crimes against humanity. Ethnic …

American newspapers and other content providers were still ignoring growing evidence, reported in the British press, of George W. Bush’s electoral coup, including new evidence that thousands of black Floridians were improperly removed from the list of approved voters. Bill Clinton’s corrupt pardons continued to dominate the news; Senator Hillary Clinton chastised her portly brother for exercising “terrible misjudgment” when he accepted $400,000 to help a coke dealer and another felon obtain pardons from his brother-in-law. Federal authorities in New York were investigating whether the pardon of four Hasidic Jews convicted of fraud was granted in exchange for votes. Roger …