Obama to name Clinton secretary of state on Monday. Clinton secretary of state Deal on donors paves way for Clinton Cabinet post. In this Nov. 21, 2008 file photo, Sen. Hillary Rodham Clinton, D-N.Y., attends AP – In this Nov. 21, 2008 file photo, Sen. Hillary Rodham Clinton, D-N.Y., attends a memorial ceremony for …
President-elect [...]
Bush says Citigroup deal needed to protect system. Bush says Citigroup rescue may not be the last one – President Bush argued Monday that the government’s dramatic rescue of Citigroup was necessary…
WASHINGTON – President Bush argued Monday that the government’s dramatic rescue of Citigroup was necessary to “safeguard the financial system” and help the economy [...]
Citigroup rescue includes $20B cash injection, guarantee on billions in assets. Citigroup rescue: U.S. Government plans great Citigroup rescue effort. News from WASHINGTON (AP) — Rushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the [...]
MCDONALDS SUED OVER NUDE PHOTOS! A US couple is suing McDonald’s for $3m (£2m) after nude photos of the woman, which were on her husband’s mobile phone, ended up on the internet.
Phillip Sherman says he accidentally left his phone, with the photos, at a McDonald’s in Fayetteville, Arkansas.
He says staff promised to secure the phone [...]
Big 3 automakers beg Congress for $25 billion, talk of national economic peril as aid stalls. WASHINGTON — Detroit’s Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.
Millions of layoffs would follow [...]
Obama and Intellectualism: President George Bush, deliberately or not, (I believe deliberately) cultivated a policy of disassociating policy from reason or logic. Nicholas Kristoff sees in Obama a president who will allow intellectual debate to run rampant in the halls of the White House. Kristoff sees Obama as a president who will allow intellectuals free [...]
Presidential Transition: Eric Holder Becomes Barack Obama’s First Choice for Attorney General. News from WASHINGTON – Eric Holder, formerly second in charge at the Justice Department, is President-elect Barack Obama’s top choice to become attorney general, an Obama official and people close to the matter said Tuesday. Holder’s selection would mark Obama’s first step toward [...]
Why Circuit City Busted, While Best Buy Boomed: There is no mystery as to why the No. 2 electronics retailer in the U.S., Circuit City, filed for bankruptcy on Nov. 10. You could blame it on the bad economy or decreased consumer spending — which played no small role — but the real culprit is [...]
Citigroup Throws Struggling Homeowners A Lifeline. News from NEW YORK ― Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remain in their homes — making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring [...]
Bedouin seize Egyptian police near Israeli border. News on Nov 11th, 2008 from RAFAH, Egypt — Armed Bedouin attacked a security checkpoint Tuesday in Egypt’s Sinai Peninsula and seized 11 policemen in a restive area near the border with Israel, an Egyptian security official said.
The Bedouin tribesmen were angered by a police shooting a day [...]