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Business

Weekly Review

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…

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Weekly Review

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…

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Weekly Review

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…

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Weekly Review

The U.S. Office of Thrift Supervision seized the IndyMac Bank of California, worth an estimated 32 billion dollars, after the bank’s closure in the wake of mortgage industry collapse,AFPand the…

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Weekly Review

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…

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Weekly Review

Caught in the Web, 1860. Iraqi Prime Minister Nouri al-Maliki ordered an offensive against the Mahdi Army, a large Shia militia allied with cleric Moqtada al-Sadr, in the oil-rich southern…

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Weekly Review

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…

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Weekly Review

Charges of a rigged presidential election triggered violence along tribal lines in Kenya, leading to more than 700 deaths and the displacement of 250,000 Kenyans. Opposition leader Raila Odinga, who…

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Weekly Review

An American cattleman. Wildfires spread from north of Los Angeles to south of San Diego, killing at least seven people, consuming more than 1,800 homes, burning a half-million acres, setting…

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