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. 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 …

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 …

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. The U.S. Senate and House of Representatives passed the Emergency Economic Stabilization Act of 2008. The legislation, which originated as a three-page proposal by Treasury Secretary Henry Paulson and grew to 451 pages after House and Senate negotiations, established the Troubled Asset Relief Program (TARP) to grant the Secretary of the Treasury up to $700 billion to buy troubled assets owned by financial institutions, to allow the Treasury to limit executive compensation and “golden parachutes” at those institutions, and to establish an oversight board to monitor the Treasury. The act also provides wooden arrow manufacturers an exemption …

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 …

The Treasury Department seized control of mortgage and loan giants Fannie Mae and Freddie Mac, firing the companies’ chief executives and promising to provide as much as $200 billion to prevent insolvency.New York TimesThe jobless rate rose from 5.7 percent to a five-year high of 6.1 percent, with more than 84,000 jobs lost in August,Yahoo and Senator John McCain accepted the Republican Party’s nomination for the presidency.KTLA.com“This campaign is not about issues,” said McCain’s campaign manager, Rick Davis. “This election is about a composite view of what people take away from these candidates.”Washington PostIt emerged that McCain did not properly …

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, …

Barack Obama announced Joe Biden, the senior senator from Delaware, as his running mate, even though Biden voted for the war in Iraq and for NAFTA and once said that Obama was “the first mainstream African-American who is articulate and bright and clean and a nice-looking guy.”Information WeekThe Washington PostThe Obama campaign denied that there was anything wrong with Biden’s signing a 2005 bill that eliminated many bankruptcy protections for consumers after Biden’s lobbyist son Hunter was retained for $100,000 a year by the financial-services giant MBNA, employees of which have donated $214,000 to Biden over the years.The New York …

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 …

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 …

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 …

Kosovo, in a move supported by the United States and strongly opposed by Russia, declared its independence from Serbia. NATO sealed Kosovo’s northern border, and Serbians looted designer clothes, shoes, and chocolates, and set fire to the U.S. embassy in Belgrade.ReutersTurkey began a ground invasion into Iraq targeting the PKK, despite protests that the invasion was “a violation of Iraq’s sovereignty,” and Shiite cleric Moqtada al-Sadr ordered a six-month extension of his Mahdi militia’s unilateral cease-fire, which has led to a 60 percent decrease in violence across Iraq.BBCnews.comLA TimesBenazir Bhutto’s party received the most votes in the Pakistani parliamentary election. …

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, …

President George W. Bush unveiled a $3.1 trillion spending package that would increase military funding while protecting tax cuts,Bush Unveils $3.1 Trillion Spending Planand Wal-Mart announced an economic “stimulus plan” that offers steep discounts on thousands of items, including a five-pound bag of Tyson frozen chicken wings ($8.88) and two Hillshire Farms Cocktail Smokies or Ropes ($5).Wal-Mart &lq;Stimulus&rq; Pkg: Will Doritos Rescue The Economy?Mississippi lawmakers introduced a bill that would make it illegal for restaurants in the state to serve obese people,Mississippi Legislature Introduces Bill that Would Ban Restaurants from Serving the Obeseand an unidentified robber killed five women in …

Teams of biologists in Japan and Wisconsin discovered new methods for transforming human skin cells into “induced pluripotent stem cells.” Both techniques employ a retrovirus to inject the cells with four “master regulator” genes that reprogram the cells’ function. The Wisconsin team, directed by James A. Thompson, who pioneered the harvesting of embryonic stem cells, culled its skin cells from foreskins. The Japanese team conducted their preliminary research on mice, with a cancer gene among the regulators, and created in the process a mischief of clone mice, 20 percent of which developed cancer. President George W. Bush was said to …

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 …