Texas

Read more

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…

Read more

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…

Read more

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…

Read more

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,…

Read more

Claiming that South Ossetian separatists had attacked its villages, U.S. ally Georgia sent troops to capture the city of Tskhinvali. Russia retaliated by sending ground troops into Tskhinvali, then into…

Read more

Barack Obama began his week-long foreign tour in Afghanistan, where he met with President Hamid Karzai, and continued on to Iraq. There, he flew in a helicopter to the Green…

Read more

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…

Read more

Colombian military commandos infiltrated a settlement operated by the guerilla group FARC and freed 15 hostages, among them three U.S. contractors and the Colombian-French politician Ingrid Betancourt. President George W.…

Read more