Dow’s Rise Masks Turmoil In Global Financial Markets
With the Dow Jones industrial average up slightly more than 21 points by the end of trading Monday on the New York Stock Exchange, it may have looked like a calm day on Wall Street.
Simmering Resentments Led To Tibetan Backlash at China
Chinese leaders have blamed “splittists” led by the exiled Dalai Lama for spurring violent protests in Tibet and orchestrating a public relations sneak attack on the Communist Party as it gears up to host the Olympics Games this summer.
The Day After Tomorrow
This St. Patrick’s Day brought a brief respite from the rain and wind, but another storm looms just beyond the horizon. A high pressure system keeps our afternoon relatively warm, but precipitation will roll in late tonight. What begins as light snow will gradually taper into a wintry mix of sleet and rain for most of Wednesday, continuing intermittently until Thursday morning.
Bush Supports Fed’s Actions, But Critics Quickly Find Fault
President Bush on Monday welcomed the Federal Reserve’s sweeping intervention in the nation’s financial markets as his administration faced accusations that it had supported the bailout of a prestigious investment bank while doing little to address the hardships of Americans facing foreclosures on their homes.
Dozens Hurt As Serbs Clash With NATO Peacekeepers in Kosovo
Serbs in the northern Kosovo city of Mitrovica fired weapons and threw grenades at international peacekeepers on Monday, wounding dozens of police officers and NATO troops. The clash was the worst violence since Kosovo declared independence from Serbia on Feb. 17.
Cheney’s Iraq Visit Eclipsed as 43 Killed in Shiite Holy City Bombing
A bombing on Monday evening killed 43 people near the Imam Hussein shrine in the Shiite holy city of Karbala, penetrating one of the most secure perimeters in Iraq, and Iraqi police officers at the scene and several witnesses said it had been carried out by a female suicide bomber.
Shorts (left)
A prime suspect in Saturday’s East Side crane collapse — a spectacular disaster across two Manhattan blocks that has claimed seven lives and is expected to cost millions — is a $50 piece of nylon webbing that investigators suspect may have failed while hoisting a six-ton piece of steel.
China Tightens Security on Tibetan Monks After Protest
Chinese security forces were reportedly surrounding three monasteries outside Lhasa, the Tibetan capital, on Thursday after hundreds of monks took to the streets this week in what are believed to be the largest Tibetan protests against Chinese rule in two decades.
Kidnapped Iraqi Chaldean Catholic Archbishop Found Buried
The body of a Chaldean Catholic archbishop who was kidnapped in the northern city of Mosul last month as he drove home after afternoon Mass was discovered Thursday buried in a southeastern area of the city.
Politics and Fiscal Agendas Mix in Voting on Capitol Hill
The House passed a $3 trillion Democratic spending plan on Thursday as Congress engaged in a day of budget theater that had as much to do with the political bottom line as federal fiscal policy.
Small Businesses Struggle With Cut In Immigrant Work Force
For years, William Zammer Jr. has relied on 100 seasonal foreign employees to turn down beds, boil lobsters and serve cocktails at the restaurants, golf course and inn he owns on Cape Cod and in nearby Plymouth.
Policymakers Propose Stronger Mortgage Rules
The nation’s top economic policymakers, hoping to prevent a repeat of the excesses that led to the mortgage bubble and bust, on Thursday proposed a broad series of reforms aimed at tightening oversight of financial institutions.
Marching Storms
As if stepping to a drumbeat, storms keep catching us on the weekend. The jet stream is currently situated like a welcome mat from sea to shining sea allowing storms to quickly traverse across the country. This flow, which is known as a progressive pattern, is characterized by quick hitting but frequent storms. The first in a series of storms will come through Saturday morning giving us a light bout of rain, which will quickly clear out in the afternoon.
Shorts (left)
Jerome Kerviel, the former trader at the bank Societe Generale, has told French investigators that an assistant on his desk conducted at least one large fictitious transaction last spring on their boss’ computer — as the boss looked on, according to a court document obtained Thursday by The International Herald Tribune.
Shorts (right)
With sorrow, seriousness and a dollop of humor, Lt. Gov. David A. Paterson opened his first full day as governor-in-waiting on Thursday, pledging his continued commitment to Gov. Eliot Spitzer’s agenda but breaking markedly with the governor’s style.
House Democrats Steer Their Own Path on Warrantless Wiretaps
In continued defiance of the White House, House Democratic leaders are readying a proposal that would reject giving legal protection to the phone companies that helped in the National Security Agency’s warrantless wiretapping program after the Sept. 11 attacks, congressional officials said Monday.
Bomber Kills 5 U.S. Soldiers On Patrol in Iraq’s Capital
A man walked up to a group of American soldiers on foot patrol in an upscale shopping district in central Baghdad on Monday and blew up the explosives-filled vest he was wearing, killing four of the soldiers and wounding three others and an Iraqi interpreter who accompanied them. A fifth soldier died later of his wounds.
Talks, But No Truce, Accompany Lull in Gaza Violence
A senior Israeli official and leaders of Gaza militant groups have held talks with Egyptian officials in recent days, but Prime Minister Ehud Olmert of Israel denied on Monday that Israel was engaged in talks to broker a truce, despite several days of relative quiet near the Gaza border.
Spitzer Hired High-Priced Prostitutes, Apologizes
Gov. Eliot Spitzer was a client of a high-end prostitution ring broken up last week by federal authorities, according to law enforcement officials, a development that threatened to end the governor’s career and turned the state’s political world upside down.