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Last Update:
Wednesday, March 25, 2009 |
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U.S. unveils new bank rescue plan The goal is to buy up at least
$500 billion of existing assets and loans, such as subprime mortgages
that are now in danger of default. Treasury said the program could
potentially expand to $1 trillion over time, but that the hope is that
the program would not only help cleanse the balance sheets of many of
the nation's largest banks, which continue to suffer billions of dollars
in losses, but help get credit flowing again.
FIRMS GIVING
BAILOUT MONEY TO POLITICIANS AS CAMPAIGN DONATIONS
The American Way of War E. Jarecki of 'Why We Fight': Obama is
moving towards traditional Washington view of defense |
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Connecticut
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Atlantic Wire Co. Sentence For River Dumping Delayed
Since the Atlantic Wire Co. was caught dumping polluted water into the
Branford River in 2007, chemicals and equipment used to make the steel
wire and processed rod at the now-closed facility have been properly
disposed of, court records say.
White Powder Found In Envelope Sent To DeLauro Members of the FBI
and the New Haven police and fire departments are called to the New
Haven office of Rep. Rosa DeLauro after an envelope containing white
powder is found. |
800 hired for Conn. count for US Census Bureau
AIG Problems Will Kill 400 CT Jobs
AT&T union workers protest to keep jobs Union workers at AT&T
protested outside a call center in Hamden, Sunday. They claim the
company is trying to edge them out.
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United States
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Who Needs NASA? Teens Capture Amazing Space Photos With
Just Balloon And Camera
Student obesity linked to proximity to fast-food outlets
The American Way of War E. Jarecki of 'Why We Fight': Obama is
moving towards traditional Washington view of defense
Court says US asked detainee to drop torture claim A British court
says U.S. authorities asked a Guantanamo Bay detainee to drop
allegations of torture in exchange for his freedom.
SHAMED: 15 OF 20 TOP AIG
BONUS RECIPIENTS GIVE BACK $30 MILLION IN PAYMENTS
Judge orders FDA to let 17-year-olds use Plan B
Wealthy Have Facebook Of Their Own Some of the world's wealthiest
people are joining the social networking site Affluence.org, which
requires members to prove they have a net worth of $3 million.
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Drug industry hopes for FDA split
Regulators seek global approach to short selling
Bill would allow Oregonians to register to vote from home computer
Oregonians can already vote from home by mail, and by next year they may
also be able to register to vote from their home computer.
Vibrant democracy 'requires newspapers'
ABC radio reporter found dead in NYC
Sniper range may hit 1,200 meters soon
$73.2M to Extend Caterpillar Equipment Life Caterpillar, Inc in
Mossville, IL received a $73.2 million cost plus, no fee,
firm-fixed-price contract with options.
Alaska volcano Mount Redoubt erupts 4 times
Terrorism Recruiting Manual Worries Authorities A new terrorism
recruiting manual, which encourages local recruiting and training, is
causing authorities to reevaluate how al-Qaida may be finding and
training new members. The 51-page manual, posted on a Web site, offers
tips and a guide for the recruiters
Soldiers: Army forced us to deploy despite health woes Several
soldiers say commanders constantly pressure troops with health issues to
deploy, even when medical records show problems. |
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Madoffed |
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Politics |
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Brownback to block Iraq nominee The Kansas senator threatened
Thursday to hold, using a Senate rule, Christopher Hill's confirmation
as U.S. ambassador to Iraq on the grounds that Mr. Hill misled him
regarding human rights talks with North Korea.
Could split contract solve Air Force tanker dispute? (McClatchy
Newspapers) Despite opposition from the Pentagon, one of the
most powerful members of the House Appropriations Committee is
considering including a provision in an upcoming supplemental defense
bill that would split the $35 billion contract for Air Force refueling
tankers between Boeing and a European competitor.
Senate
Subcommittee Looks At Abusive Credit Card Practices |
FIRMS GIVING
BAILOUT MONEY TO POLITICIANS AS CAMPAIGN DONATIONS
BILBRAY COAUTHORS BILL TO EXEMPT SOLAR FARMS FROM ENVIRONMENTAL REVIEW
Protesters tell Palin take stimulus funds
Foreign firms eye stimulus dollars Foreign nations and companies are
eyeing U.S. stimulus dollars, stepping up their lobbying efforts in
Washington and in state capitals in a bid to gain vital business in hard
times.
Earmarks reform "a sham"; Congress hides billions in pet projects A
Times investigation of the 2008 defense bill has found 155 hidden
earmarks worth $3.5 billion. House members broke the new rules 110 times
by not disclosing who was getting the favors |
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Obama |
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FAQ: What IS The Geithner 'Toxic Assets' Plan?
U.S. unveils new bank rescue plan The goal is to buy up at least
$500 billion of existing assets and loans, such as subprime mortgages
that are now in danger of default. Treasury said the program could
potentially expand to $1 trillion over time, but that the hope is that
the program would not only help cleanse the balance sheets of many of
the nation's largest banks, which continue to suffer billions of dollars
in losses, but help get credit flowing again.
Obama says risks still haunt U.S. financial system The U.S.
financial system still faces risks requiring government intervention to
avoid a more destructive recession, President Barack Obama said, before
a critical week of fleshing out and selling his recovery plan.
U.S. Rounding Up Investors to Buy Bad Assets The Obama
administration worked to persuade private investors to buy troubled
assets, ahead of Monday’s announcement of the administration’s plan for
the government to do so. |
Obama Releasing "Ugly" Bush
Administration Torture Memos
Obama criticizes some Guantanamo release decisions (AP) President
Barack Obama says the U.S. hasn't done a good job sorting out who should
be released from the Guantanamo Bay detention center.
Geithner Lays Out
Toxic Assets Agenda In Wall Street Journal...
Axelrod Vs.
Geithner:
Volcano Erupts In Alaska Weeks After Jindal Mocked Funding For Volcano
Monitoring
Obama administration hit with two Gitmo-related lawsuits
Geithner Refuses To Endorse Tarp Bonus Tax
WATCH: Obama's "60 Minutes" Interview |
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Economy
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Why To Be Worried About Deflation The Fed has said it will
effectively print $1.2 trillion to flood the U.S. economy with more
money for loans. Fed Chair Ben Bernanke fears that if people can't get
loans to buy cars and homes or even to take vacations, we're going to
see more lot more deflation. But what's so bad about prices going down |
Stocks extend gains on home sales Traders are applauding the
government's latest plan to help banks remove as much as $1 trillion in
bad assets from their books.
Dollar weak against rivals
Existing home sales spike 5%
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Iraq
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Map of Iraq |
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Middle
East |
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Anti-Arab attacks 'on the rise' in Israel
Trouble brewing in Jerusalem Either side of
Jerusalem's Old City walls, a storm is brewing, threatening to
engulf residents the length and breadth of the region. If the Israeli
authorities make good on their promise
to demolish homes in Silwan and
evict families in Sheikh Jarrah, locals swear that Israel will be
drenched with blood and tears,
Islamist sentenced to death in Yemen after offering to spy for Israel
A Yemeni court sentenced an Islamist to death and handed down jail
sentences against two others on Monday after convicting them of seeking
to work for Israeli intelligence services
Police prevent provocations with capture of 3 PKK members Turkish
police have captured three members of the outlawed Kurdistan Workers'
Party (PKK) who were allegedly preparing to stage provocative acts in
İstanbul ahead of the municipal elections scheduled for March 29. |
Israel
says car bomb defused at shopping mall (Reuters) Prime Minister Ehud
Olmert said on Sunday an explosives-laden car parked at a shopping mall
in northern Israel, and defused by police, was an attempted Arab attack
aimed at causing mass casualties.
Egypt seizes TNT, sheep on way to Gaza
Stocks extend gains on home sales
Saudi rights group criticizes religious police
PLO official killed in Lebanon bomb blast A bomb killed a senior
official in the Palestinian Fatah faction and four other people in
southern Lebanon on Monday, security sources said.
Hamas leader welcomes Obama's "new language": report |
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Afghanistan
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Map of Afghanistan |
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will appoint Afghan 'prime minister' to bypass Karzai
The US and its European allies are preparing to plant a high-profile
figure in the heart of the Kabul government in a direct challenge to the
Afghan president, Hamid Karzai, the Guardian has learned.
Security developments in Afghanistan, March 23
U.S. to put "exit strategy" in Afghanistan policy The new U.S.
policy for Afghanistan to be unveiled soon will contain an exit strategy
and include greater emphasis on economic development, President Barack
Obama said.
Flying robots to spy on Taliban bombmakers |
US
envoy: Afghanistan war on drugs a failure
Afghanistan unrest kills more than 70: officials (AFP)
A wave of clashes in Afghanistan killed
more than 70 people, including 18 policemen and four Canadian soldiers
Friday, officials said, amid alarm about the country's mounting
Taliban-led insurgency.
NATO: Taliban commander among 10 killed in strike NATO killed a
senior Taliban commander and nine other suspected militants in southern
Afghanistan, while the coalition and its Afghan allies suffered an equal
number of deaths in separate attacks in the same area, officials said
Monday. |
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Pakistan |
Map of Pakistan |
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Pakistan sends Mumbai attack DNA data to Interpol (AP)
Security developments in Pakistan, March 23
Obama Plan Would Link Pakistan Aid to Taliban Fight President Barack
Obama has been given a new Afghan war strategy that calls for tighter
control of the Afghan-Pakistani border and linking aid to Pakistan with
its willingness to fight extremists, said people familiar with the plan. |
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Asia |
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Dozens of monks detained after China riot
Media barred from writing on 7/11 probe The special MCOCA court in
Mumbai passed an order on Saturday prohibiting the media from publishing
anything pertaining to investigations in the serial train blasts here in
July 2007.
Goldman (Sachs) May Sell Part of Its Stake in Chinese Bank ICBC
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China
says will continue buying U.S. debt China will continue buying U.S.
government debt while paying close attention to possible fluctuations in
the value of those assets, a vice governor of Beijing's central bank
said Monday.
11 injured in Thai bomb blasts |
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Europe |
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U.K. backtracks on preventing war crimes charges against
IDF London will not push through changes in
legislation that permits the arrest of Israel Defense Forces officers
visiting Britain on war crimes, as previously promised, Jerusalem has
learned. |
Sweden Says No to Saving Saab, a National Icon
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Africa |
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Al-Bashir urged to drop Qatar trip
Sudanese scholars say president should not attend Arab summit amid fears
of his arrest.
3 pirate attacks reported off Somalia Pirates fired rocket-propelled
grenades and automatic weapons at Japanese, Greek and Hong Kong cargo
ships off the coast of Somalia but fled after the ships took evasive
maneuvers, officials said Monday. |