Caught in the Web, 1860. President Obama signed the $787 billion American Recovery and Reinvestment Act and unveiled a $275 billion plan to help some of the 6 million homeowners…
Barack Hussein Obama was sworn in as the forty-fourth president of the United States.NY TimesIn his inaugural remarks, President Obama attributed many of the nation’s problems to a “collective failure…
Democrats were outvoting Republicans in all nine states that track the party affiliations of early voters, indicating a likely election victory for Barack Obama. George Mason University“It’s gonna get nasty,”…
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…
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…
After more than a week of fighting and one failed cease-fire, Russia and Georgia signed a revised cease-fire agreement, but Russian troops remained within 25 miles of the Georgian capital,…
Caught in the Web, 1860. The military junta in Myanmar put the official death toll from last week’s Cyclone Nargis (Urdu for “daffodil”) at 28,458, while foreign observers, taking into…
With the assistance of the Federal Reserve, JPMorgan Chase acquired its rival Bear Stearns for $236.2 million, or $2 a share, about 1 percent of the bank’s value two weeks…
At 20 points along the Gaza Strip’s southern border, Hamas operatives detonated explosives to topple an Israeli-built fence, allowing as many as 200,000 Palestiniansâ??13 percent of the territory’s populationâ??to cross…
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…
Michael Mukasey, President George W. Bush‘s nominee for attorney general, received a warm reception on his first day before the Senate Judiciary Committee, where he decried torture and promised a…