Weekly Review — August 21, 2007, 12:00 am
Weekly Review
Jittery global markets brought on by the subprime mortgage crisis led the Federal Reserve to cut its discount rate on loans to banks by half a percentage point.AP via ForbesCiting America’s $1 trillion debt to China, Senator Joe Biden warned, “We have to get off that sucking off of that breast which is China.”Des Moines RegisterIt was reported that a South Carolina small-parts supplier run by twin sisters had cheated the Pentagon out of $20.5 million in shipping costs; two 19-cent washers sent to an Army base in Texas, for instance, incurred a $998,798 charge.BloombergJenna Bush, the younger of the …



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