Supreme Court Refusal to Hear Troy Davis Case “Truly Shocking”
October 14th, 2008“The Supreme Court has effectively ended a longstanding battle to have new evidence in Davis’ favor heard in a court of law.”
Lehman Brothers approved $100 million executive payout days before declaring bankruptcy.
October 14th, 2008The Times of London reports that just three days before going bankrupt, the board of Wall Street financial giant Lehman Brothers “signed off on more than $100m (£59m) in payouts to five top executives.” In the two years prior to Lehman’s collapse, the same executives “were generously remunerated while overseeing forays into risky commerci…
Sphere: Related ContentFinancial Crisis Suicide Numbers Mounting
October 14th, 2008
Across the country, authorities are becoming concerned that the nation’s financial woes could turn increasingly violent, and they are urging people to get help. In some places, mental-health hot lines are jammed, counseling services are in high demand and domestic-violence shelters are full.
Sphere: Related ContentFla. congressman denies breaking any laws
October 14th, 2008
The statement came one day after ABC News reported on its Web site that Mahoney had an affair with an aide and then paid her $121,000 to keep quiet and avoid a sexual harassment lawsuit.
Sphere: Related ContentThe Book of Sarah (Palin) - Who Built Sarah’s House?
October 14th, 2008
Todd Palin told Fox News that he built the two-story, 3,450-square-foot, four-bedroom, four-bath, wood house himself, with the help of contractors he described as "buddies." As mayor, Sarah Palin blocked an effort to require the filing of building permits in the wide-open city, and there is no public record of who the "buddies" were. The house was built very near the complex, on a site whose city purchase led to years of unsuccessful litigation and, now, $1.3 million in additional costs, with a law firm that’s also donated to Palin collecting costly fees from the city.
Sphere: Related ContentObama calls for 90-day foreclosure moratorium
October 13th, 2008
A foreclosure moratorium was the right solution a month ago - still an important piece of preventing a long term recession: Democrat Barack Obama, bidding to extend his lead in the polls, proposed Monday to put home foreclosures on hold and give tax breaks to businesses that create jobs, while Republican opponent John McCain issued veiled but stinging criticism of the Bush administration.
Sphere: Related ContentBen Smith’s Blog: Acorn pushes back, hugs McCain - Politico.com
October 13th, 2008
We are sure that the extremists he is trying to get into a froth will be even more excited to learn that John McCain stood shoulder to shoulder with ACORN, at an ACORN co-sponsored event, to promote immigration reform
Sphere: Related ContentInterview with Nobel Laureate Muhammad Yunus: ‘Capitalism Has Degenerated into a Casino’
October 13th, 2008
Nobel Peace Prize laureate Muhammad Yunus says that greed has destroyed the world’s financial system. SPIEGEL ONLINE spoke with him about the profit motive, social consciousness and what should be done to end the financial crisis.
Sphere: Related ContentDow jumps 936 as governments pledge bank aid
October 13th, 2008
Wall Street stormed back from last week’s devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major governments’ plans to support the global banking system reassured distraught investors. All the major indexes rose more than 11 percent.
Sphere: Related ContentAmerican Paul Krugman wins Nobel
October 13th, 2008
Congrats to Krugman - but the Nobel committee is strangely pro-globalization: Paul Krugman, the Princeton University scholar and New York Times columnist, won the Nobel prize in economics Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity. "Krugman is not only a scientist but also an opinion maker," economics prize committee member Tore Ellingsen said. He added that Krugman’s analyses tend to back free trade and his research gives no "support for protectionism."
Sphere: Related Content