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…
The world economy continued its collapse. The Dow Jones Industrial Average declined 22 percent over eight days, Wall Street lost $2.4 trillion in market value, and Iceland went bankrupt.CNNBusiness WeekThe…
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…
The Supreme Court ruled 5â??4 that detainees held as “enemy combatants” by the United States in Guantanamo Bay,Cuba, have a constitutional right to challenge their detention through habeas corpus petitions…
Hillary Clinton gained nine more delegates than Barack Obama in the Pennsylvania primary and challenged him to debate without a moderator. Obama, who declined, reportedly seemed “tired” and “brittle” campaigning…
Caught in the Web, 1860. A White House report showed that only eight of eighteen benchmarks for progress were being met in Iraq, but President Bush asked Congress to wait…
An American cattleman. President Mahmoud Abbas dissolved the Palestinian unity government and declared a state of emergency after masked Hamas gunmen seized control of the Gaza Strip. Hamas looters broke…
Caught in the Web, 1860. British prime minister Tony Blair announced that he will resign next month after ten years in power. Much speculation ensued about what the 54-year-old Blair…
Iraqi Prime Minister Nuri Kamal al-Maliki called initial stages of the new security crackdown in Baghdad a “dazzling success.” Later, six explosions in three markets killed 127 people, and suspected…
“Into the palace parlor they stepped; her hand in his paw the old bruin kept,” 1875 The U.S. director of national intelligence released a declassified version of a new National…