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Weekly Review

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…

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Weekly Review

Barack Obama was elected the 44th president, and first African-American president, of the United States, receiving 365 electoral votes in an election that saw perhaps the highest turnout among registered…

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Weekly Review

An American cattleman. On the 79th anniversary of the stock market crash of 1929, the Dow fell 312.3 points, closing below 8400. Chrysler announced that it would cut 25 percent…

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Bleak Houses

Digging through the ruins of the mortgage crisis

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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

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…

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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

Caught in the Web, 1860. Senator “Uncle” Ted Stevens, the longest-serving Republican in the Senate and “Alaskan of the Century,” was indicted for seven felonies related to unreported gifts worth…

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Weekly Review

Caught in the Web, 1860. Oil reached a record $139.89 a barrel. Four Western companies met with Iraq’s Oil Ministry to finalize no-bid contracts to tap Iraqi oil fields, and…

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