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…
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…
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…
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.…
Senator Barack Obama, having amassed more than the 2,118 delegates needed to secure a majority, was acknowledged as the Democratic presidential nominee and claimed victory before a crowd of almost…
Scott McClellan published a memoir about his stint as President George W. Bush‘s press secretary from July 2003 to April 2006. In the book, McClellan says that he does not…
President George W. Bush gave a radio address for Memorial Day weekend, invoking the sacrifice of 4,071 U.S. soldiers in Iraq and 432 in Afghanistan. Later, for the last time…
A 7.9-magnitude earthquake centered in Sichuan Province, China, left 50,000 dead and 5,000,000 homeless. Outside Beichuan Middle School, where 1,000 students and teachers died, parents waited for the bodies of…
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…
The United States marked the fortieth anniversary of the assassination of Martin Luther King, Jr. “He was normal as a person could be,” said his sister Christine King Farris. “I…
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…