hotel bombing kills at least 60
A suicide bomber detonated a truck packed with explosives at the Marriott
Hotel in Islamabad on Saturday, killing at least 60 people in a brazen
attack in the heart of the Pakistan capital.
Market Bailout Set in Motion
The Bush administration yesterday proposed a historic $500 billion bailout
of financial firms that would let the government rather than the cold
judgment of the marketplace decide the winners and losers from the crisis
that has shaken the U.S. economy for the past year.
plan: $700 Billion for bad mortgages
US Congressional leaders rushed to tackle Saturday an unprecedented
700-billion-dollar plan to rescue the financial sector from the worst
crisis since the Great Depression.
accused of covering up injuries to troops
Soldiers, MPs and lawyers representing injured servicemen and women
claim the real cost to those fighting on the front line in Helmand province,
southern Afghanistan, is being hidden from the public for political
to seek U.N. support against Russia The leaders of Georgia and Ukraine go
to the United Nations next week hoping to shore up Western support for
their future NATO accession faced with a militarily resurgent Russia.
rejects new measures against Iran Russia is against new UN Security Council
measures targeting Iran, the foreign ministry said in a statement Saturday
after the White House warned of a new round of sanctions.
On to Your Wallets! The Government is About to Rescue Us
When the financial markets started coming undone earlier this week,
the Treasury Secretary and the Federal Reserve stepped in, and with
$85 billion of our money (actually our children’s money, since
they borrowed it from China and Saudi Arabia), bought foundering AIG,
the world’s largest insurance company, and assumed its colossal
pile of crap debt.