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...nation's premier experts on the financial world, Peter Spencer, chief economic adviser to the Ernst & Young ITEM Club, said that the time to save the U.K. from severe GDP contraction may have come and gone. According to The Daily Telegraph, The Government and the Bank of England have got "days not weeks" to take action to revive the economy or face a prolonged depression...
...presented their new emergency plan to try again to get banks lending, journalists were outnumbered by their hosts and attendant staff. In just a few months, the prospect of the government spending billions of pounds of taxpayers' money to shore up financial institutions and stimulate a drooping economy has gone from hot news...
...occasions themselves were muted. Obama said nothing publicly at Arlington, and cameras were barred during his Walter Reed visit. But the symbolism is more important than anything Obama could have said. He's gone out of his way to win the hearts and minds - if not the votes - of those wearing the uniforms of the nation's armed services. (See pictures of Obama taken or illustrated by everyday Americans...
...save their homes since construction work isn't due to begin for at least five years. Still, nobody is banking on that outcome. Sheila Taylor, a pensioner who moved there in the 1930s, finds a very British way to look on the bright side. "I'll probably be gone by the time they start building," says the 77-year-old. "In a way, I hope that...
...These issues pale beside the battle against radical Islam and its terrorist tactics, Bush insisted. Making his closing argument for the history books, the President declared, "America has gone more than seven years without another terrorist attack on our soil." And he pleaded with the country to maintain the focus. "America did nothing to seek or deserve this conflict," he said. "But we have been given solemn responsibilities, and we must meet them. We must resist complacency. We must keep our resolve. And we must never let down our guard...