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…
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…
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…
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…
Israel, a few days before Yom Kippur, declared that the Gaza Strip is now a “hostile entity,” and the office of Prime Minister Ehud Olmert (who is under investigation for…
President George W. Bush predicted a “nuclear holocaust” if Iran develops weapons of mass destruction and accused the country of undertaking “murderous activities in Iraq”; Iran’s foreign minister described Bush’s…
An American cattleman. Attorney General Alberto Gonzales resigned.New York TimesThe CIA’s inspector general released a report recommending that former CIA director George Tenet and other senior officials be held accountable…
At least 150 Iraqis were killed by a truck bomb in northern Iraq in possibly the deadliest bombing since the United States invaded in 2003, and it was reported that,…
Paul Wolfowitz announced that he would resign as president of the World Bank on June 30; the Bank in turn said that it accepted Wolfowitz’s assurances that he had acted…