Word: summers
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...McCain has traveled a long road to get where he is now, positioned as the ever-so-slight front-runner for the Republican Party's presidential nomination. Last summer his once formidable campaign all but collapsed in debt and acrimony, with even his closest friends and advisers questioning whether he should bother marching...
...love-fest is isolated to stemming fears of recession. By the time Bush gets up to deliver his seventh State of the Union address on Jan. 28, things will be sounding a bit more normal. Congress will soon take up the far more contentious question of domestic eavesdropping. Last summer, it passed the Protect America Act (PAA), which was designed to modernize the 1978 law controlling electronic surveillance of Americans. After initially trying to block the bill, which expanded the government's ability to track suspect individuals, Democrats caved. But in a last-ditch effort to placate civil libertarians...
Democrats find themselves in the same corner they were in last summer: on the one hand their base demands they block expanded domestic spying powers for the Bush Administration; on the other, they can't risk looking soft on terrorism, especially nine months before national elections. Senate majority leader Harry Reid is angling for another month's extension of the PAA, but that would only give the Republicans a third bite at the apple in late February...
...bitterest point of contention for Democrats will be the same question that divided them last summer: immunity for telecom companies that complied with Bush Administration requests for access to American phone and e-mail traffic without warrants after 9/11. After news of the Bush program broke, civil liberties groups brought cases against the companies, and since then the telecoms have in some cases refused to help the U.S. intelligence community further. Bush has said he will veto any bill that doesn't grant the telecoms immunity. The Democrats are split on the issue. Smart money bets the Democrats will cave...
...results last September, spooked savers across the U.K. began a run of their own on the bank whose roots in Newcastle stretch back 150 years. While the team was losing three of its five games that month, Northern Rock - caught short of cash when global credit markets froze last summer - was losing billions of dollars as punters desperately pulled their deposits. With the club and its backer in free fall in recent months, "the northeast has been feeling pretty battered and bruised," says Aitken...