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 …

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 …

In a videoconference with Hong Kong investors, former Federal Reserve chairman Alan Greenspan said that America might sink into recession by year’s end; a frenzied worldwide sell-off ensued. The Shanghai Composite lost 8.8 percent of its value in a day, and the Dow Jones Industrial Average lost 3.3 percent, its worst drop since September 17, 2001. “Alan Greenspan really needs to sit down,” said one economist, “and be quiet.” Others marveled at the ability of “the Maestro” to cause upheavals even in retirement; Greenspan later held another videoconference, for which he charges fees of $150,000, and said that a recession …

Caught in the Web, 1860. President George W. Bush gave the State of the Union address, in which he discussed plans to balance the budget, double the size of the Border Patrol, reduce gasoline consumption in the United States by 20 percent, and institute a tax deduction to help American workers afford private health insurance. He announced that he was sending more than 20,000 additional soldiers to Iraq, asked Congress to authorize an increase of 92,000 active soldiers over the next five years, and proposed forming a “Civilian Reserve Corps.” He complimented several guests on their heroic kindness, courage, and …

A kinkajou, 1886. The Pentagon announced that civilian casualties in Iraq had increased recently by more than fifty percent, and death squads were said to be torturing and killing as many as 1,800 people per month.New York TimesAt least 200 Iraqis were killed in bombings, rocket attacks, and shootings, as were 19 American and British soldiers.CNNNPRU.S. Attorney General Alberto Gonzales visited Iraq to encourage “the rule of law,” andicasualties.orgNPRReutersReutersReutersSapa-AP via Independent OnlineReutersReutersAP via Houston ChronicleU.S. Secretary of DefenseDonald Rumsfeld quoted Georges Clemenceau, who said, “War is a series of catastrophes that results in a victory.”Washington PostIran ignored a U.N. Security …

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 …

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 …

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 …

Lost Souls in Hell, 1875. Pat Robertson called for the United States to assassinate Venezuelan President Hugo Chavez; Robertson then lied about calling for the assassination (“‘take him out’,” he said, “can be a number of things”), and finally apologized. Chavez said that Venezuela would take legal action against Robertson.The New York TimesBBC NewsA man was arrested in Tallahassee, Florida, after threatening to blow up Governor Jeb Bush.The Tampa TribuneA New York man was recognized as having the world’s longest eyebrow hair at 3.78 inches,MyWayand a judge in Missouri decided a new statewide ban on semi-nude lap dances was unconstitutional.APScientists …

Runaway Raft on the Tigris. Peter Schoomaker, the Army’s top general, revealed that the United States was developing a plan to keep at least 100,000 soldiers in Iraq through 2009. Senator Chuck Hagel (R., Nebr.) called the plan “complete folly.” “It would further destabilize the Middle East,” he said. “It would give Iran more influence, it would hurt Israel, it would put our allies over there in Saudi Arabia and Jordan in a terrible position.”APAPPresident George W. Bush had yet to meet Iraq war protester Cindy Sheehan, even though Bush is on vacation and presumably has the time. “I think …

President George W. Bush said that allegations made by Amnesty International, claiming that the prison at Guant�namo Bay is a “gulag,” were absurd. Bush accused Amnesty of listening to “people that have been trained in some instances to disassemble–that means not tell the truth.” Whitehouse.govU.N. Secretary General Kofi Annan said that HIV and AIDS were spreading at an accelerating rate around the world,ReutersNew Jersey was planning to try six animal-rights activists on “animal enterprise terrorism” charges,Reutersand an Australian woman was arrested for attempting to bring fifty-one tropical fish into the country hidden in her skirt.APSeveral prisoners at Guant�namo Bay said …

Amnesty International released a report calling the prison camp at Guant�namo Bay “the gulag of our time.” General Richard Myers, Chairman of the Joint Chiefs of Staff, said the prison camp was “a model facility” and pointed out that 1,300 Korans had been handed out at the prison in the last four years.BBC NewsBrigadier General Jay Hood, the camp’s commander, said that an investigation at Guant�namo Bay had uncovered five incidents of Koran abuse, but none involved toilets; protesters rallied against Koran abuse in Egypt, Pakistan, Jordan, Malaysia, and in Lebanon, where they chanted “America is the biggest Satan.”BBC NewsMecca …

Lost Souls in Hell, 1875. President George W. Bush demanded that Syria pull out of Lebanon.New York PostSyria agreed to move its troops into eastern Lebanon, but the U.S. State Department warned that this is not enough.GuardianIraqi insurgents killed seventeen people.New York TimesA poll found that most Americans are against Social Security reform,Bloombergand the U.S. Mint planned to circulate $5 million in new buffalo nickels.New York TimesA 22-pound, century-old lobster was caught off Nantucket,CNNand a 13-pound, 13-ounce baby boy was born in Britain; the boy’s mother credited the boy’s size to her steady diet of cockles, herring, mussels, and crab …

White House photo. A suicide bomber in Iraq killed over one hundred people as they stood waiting to join the Iraqi National Guard,New York Timesimesand four American soldiers and thirteen Iraqis were killed in other incidents.Khaleej TimesRichard Myers, Chairman of the Joint Chiefs of Staff, pointed out that insurgencies tend to last from seven to twelve years,Reutersand the U.S. military increased its bonuses to encourage reenlistment.USA TodayAmerican forces opened negotiations with Iraqi insurgents.TimeCanada declared that the U.S. must get permission before launching missiles over Canadian airspace,Canada. comand Pakistani soldiers were ordered to shoot at U.S.troops who enter Pakistan without permission.HindustanTimes.comAn …

Two government reports, one civilian and one military, were issued on the Abu Ghraib torture scandal. The Army reported that military intelligence officers and civilian contractors were deeply involved in the abuse; the civilian report went to great lengths to avoid the logical conclusion that the Bush White House had created the conditions (legal, operational, and military) that directly led to the Abu Ghraib horrors. Both reports found that many of the techniques employed at Abu Ghraib originated in CIA torture chambers in Afghanistan.New York TimesArmy investigators discovered that military police dogs were used to terrify teenage Iraqi prisoners as …

Ten bombs blew up four commuter trains in Madrid during the morning rush hour on March 11, killing 200 people and wounding about 1,500. The Spanish government initially blamed Euskadi Ta Askatasuna, the Basque separatist group, but aNew York Times videotape soon emerged in which Al Qaeda claimed responsibility for the attack . “This is an answer to your cooperation with the Bush criminals and their allies,” the tape said. Three days later, Spanish voters, who overwhelmingly opposed their government’s support of the Iraq war, turned out the ruling Popular Party in favor of the Spanish Socialist Workers Party, which …