WASHINGTON – The Bush administration asked Congress Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.
The rescue plan would give Washington broad authority to purchase bad mortgage-related assets from U.S. financial institutions for the [...]
September 21, 2008
Will $700 billion bailout be enough to save the Economy?
September 21, 2008
Bomb seen as warning to Pakistan – End U.S. alliance
ISLAMABAD, Pakistan – The brazen truck-bombing of the Marriott hotel in Islamabad on Saturday is a warning from Islamic militants to Pakistan’s new civilian leadership that it should end already-strained cooperation with the United States to pursue al-Qaida and the Taliban, analysts said.
The massive bomb targeting an American hotel chain killed at least 40 people [...]
