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...While the moves to step in and save two of the nation's largest banks may keep the national financial and credit systems from collapse, the action also make the federal government the de facto owners of these companies...
...Germany Better Late than Never After months of denying there was any need for a rescue, Chancellor Angela Merkel unveiled a $66 billion stimulus package and a $132 billion loan fund to help Europe's largest economy through its worst recession since World...
...Liberation Tigers of Tamil Eelam (LTTE), in a conflict that has claimed more than 65,000 lives. The Tigers, who pioneered the use of suicide bombers, are agitating for a separate homeland for Sri Lanka's ethnic Tamils--a response to decades of suppression of the country's largest minority. A cease-fire agreement signed in 2002 raised hopes that the bombings, assassinations and terrorism had finally come to an end. But the Tigers and the government failed to reach a meaningful political compromise and returned to war. President Mahinda Rajapaksa has promised a "military solution" to the Tamil question...
...youngster living in New York at that time. There was no TV in those days, but it seemed that every radio was tuned in to hear F.D.R.'s speech. You could walk down the streets of the city and hear F.D.R.'s voice. It was like being among the largest listening audience assembled in the history of the earth - at least at that time. Judging from the size of the crowds and the hype and buzz he has generated, Obama has reached new heights. Is Obama another F.D.R., who will lead us out of this depression? Who will lead...
...death toll for airline crashes in Asia was 93 in four incidents. Last year's biggest ferry disaster occurred on June 21 in the Philippines, when the MV Princess of the Stars foundered and capsized, taking almost 800 lives. More people died in that accident than in the largest air-travel disaster in history - the 1977 runway collision between two 747s in Tenerife, Spain, which killed 583 people. (Read "How to Survive a Disaster...