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FANNIE & FREDDIE: BREAK ‘EM UP - New York Post
We need more than just stop-gap measures. WITH the Treasury and Federal Reserve in effect promising to keep Fannie Mae and Freddie Mac afloat, the mortgage giants’ crisis seems to be over. But the fundamental cause is still there - and without fundamental reform, we may very well endure a repeat
Source: www.nypost.com
Bush Rescinds Father’s Offshore Oil Ban - Washington Post
Putting pressure on congressional Democrats to back more exploration for oil, President Bush on Monday lifted an executive ban on offshore drilling that has stood since his father was president. Lifting the presidential moratorium has no immediate effect on exploration because Congress has enacted
Source: www.washingtonpost.com
China Concerned by Sudan Arrest Plan - ABC News
International Criminal Court prosecutor files charges against Omar al-Bashir. China said Tuesday it was concerned about an International Criminal Court prosecutor’s decision to seek an arrest warrant for Sudan’s president on charges of genocide in the African country’s war-torn Darfur region. Monday
Source: www.abcnews.go.com
Sydney transformed by young Catholic pilgrims - Reuters
SYDNEY (Reuters) - About 150,000 young pilgrims attended mass on the shores of Sydney Harbor on Tuesday for the Catholic church’s biggest youth festival, but protesters plan to rally against Pope Benedict ahead of his outdoor mass on Sunday. “Too often in the history of the world when young people
Source: www.reuters.com
Rangers’ Josh Hamilton wins hearts, loses HR derby to Twins’ Justin Morneau - Seattle Times
NEW YORK Josh Hamilton dreamed it. Now he’s done it. With a dazzling display of power Monday night, the Texas Rangers slugger hit a record 28 homers in the first round of the All-Star Home Run Derby at Yankee Stadium before he was beaten by Minnesota’s Justin Morneau in the finals. Morneau beat
Source: seattletimes.nwsource.com
Stella gets Bud: Busch falls to the Belgians - Guardian Unlimited
The company behind Budweiser is to be sold to the world’s most fiercely cost-efficient brewer, InBev, makers of Stella Artois and Beck’s, in a deal valuing the US business at $52bn ( 26bn). The takeover of Anheuser-Busch creates a brewing colossus that will serve 65bn pints of beer a year
Source: www.guardian.co.uk
Yahoo mischaracterized rejected offer, Icahn and Microsoft say - Los Angeles Times
Microsoft Corp. and Carl Icahn said Monday that their joint proposal to buy Yahoo Inc.’s online search business would have guaranteed the Internet giant more than $19 billion in revenue during the next 10 years, and they attacked Yahoo for allegedly mischaracterizing the deal it rejected over the
Source: www.latimes.com
Hard Knox for Jolie-Pitt boy, but Vivienne shines - Associated Press
Knox Leon’s first report card wasn’t great. Or maybe it’s just that his twin sister, Vivienne Marcheline, ruined the curve. When babies are born to celebrities, the burning question - after establishing that everyone’s healthy, of course - is inevitably, “So what’s the name?” Blame it on Suri, Apple
Source: hosted.ap.org
Today on the presidential campaign trail - Miami Herald
Obama says he’d send at least 7,000 more troops to Afghanistan while ending the war in Iraq McCain tells Hispanic group that free trade helps all; pledges aid for those who lose jobs Obama tells fellow blacks at NAACP convention they must show more personal responsibility New Yorker
Source: www.miamiherald.com
