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Pressure mounts on Gov. Spitzer to quit
With pressure mounting to resign Tuesday over a call-girl scandal, Gov. Eliot Spitzer found himself with few friends and lots of powerful enemies, many of whom regard him as a sanctimonious bully who got what was coming to him. Republicans began talking impeachment, and few if any fellow Democrats were willing to defend him. A death watch of sorts began at the state Capitol, where whispers of "What have you heard?" echoed through nearly every hallway of the ornate, 109-year-old building.
Ferraro's remarks about Obama decried
Hillary Rodham Clinton said Tuesday she disagrees with Geraldine Ferraro, one of her fundraisers and the 1984 vice presidential candidate, for suggesting that Barack Obama only achieved his status in the presidential race because he's black. In a brief interview with The Associated Press, Clinton was questioned about Ferraro's remarks. The Obama campaign has called on the New York senator to denounce them. Ferraro told the Daily Breeze of Torrance, Calif.: "If Obama was a white man, he would not be in this position.
Stocks shoot higher on Fed credit plan
Wall Street finally found a reason for a huge rally Tuesday after the Federal Reserve said it plans to pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrial average shot up more than 416 points, its biggest one-day point gain since July 2002. The Fed's program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed — acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities.
Fallon resigns as Mideast military chief
The top U.S. military commander for the Middle East resigned Tuesday amid speculation about a rift over U.S. policy in Iran. Defense Secretary Robert Gates said that Adm. William J. Fallon, whose area of responsibility includes Iraq, had asked for permission to retire and that Gates agreed. Gates said the decision, effective March 31, was entirely Fallon's and that Gates believed it was "the right thing to do." Fallon was the subject of an article published last week in Esquire magazine that portrayed him as opposed to President Bush's Iran policy. It described Fallon as a lone voice against taking military action to stop the Iranian nuclear program.
Analysts ask: What was Spitzer thinking?
It's the simplest question in the world, but it was the one repeated over and over Monday after the staggering news broke about Gov. Eliot Spitzer: What in heaven's name was the man thinking? Yet if the New York governor is proved to have been involved in a prostitution ring, it would hardly be the first time a powerful, brilliant person in public life has done something dizzyingly self-destructive. Why do otherwise smart, successful people do such risky things? For psychologists and political analysts who found themselves dissecting the Spitzer story, it was a question of the chicken or the egg: In such situations, does the risky behavior precede the powerful job?
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With pressure mounting to resign Tuesday over a call-girl scandal, Gov. Eliot Spitzer found himself with few friends and lots of powerful enemies, many of whom regard him as a sanctimonious bully who got what was coming to him. Republicans began talking impeachment, and few if any fellow Democrats were willing to defend him. A death watch of sorts began at the state Capitol, where whispers of "What have you heard?" echoed through nearly every hallway of the ornate, 109-year-old building.
Ferraro's remarks about Obama decried
Hillary Rodham Clinton said Tuesday she disagrees with Geraldine Ferraro, one of her fundraisers and the 1984 vice presidential candidate, for suggesting that Barack Obama only achieved his status in the presidential race because he's black. In a brief interview with The Associated Press, Clinton was questioned about Ferraro's remarks. The Obama campaign has called on the New York senator to denounce them. Ferraro told the Daily Breeze of Torrance, Calif.: "If Obama was a white man, he would not be in this position.
Stocks shoot higher on Fed credit plan
Wall Street finally found a reason for a huge rally Tuesday after the Federal Reserve said it plans to pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrial average shot up more than 416 points, its biggest one-day point gain since July 2002. The Fed's program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed — acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities.
Fallon resigns as Mideast military chief
The top U.S. military commander for the Middle East resigned Tuesday amid speculation about a rift over U.S. policy in Iran. Defense Secretary Robert Gates said that Adm. William J. Fallon, whose area of responsibility includes Iraq, had asked for permission to retire and that Gates agreed. Gates said the decision, effective March 31, was entirely Fallon's and that Gates believed it was "the right thing to do." Fallon was the subject of an article published last week in Esquire magazine that portrayed him as opposed to President Bush's Iran policy. It described Fallon as a lone voice against taking military action to stop the Iranian nuclear program.
Analysts ask: What was Spitzer thinking?
It's the simplest question in the world, but it was the one repeated over and over Monday after the staggering news broke about Gov. Eliot Spitzer: What in heaven's name was the man thinking? Yet if the New York governor is proved to have been involved in a prostitution ring, it would hardly be the first time a powerful, brilliant person in public life has done something dizzyingly self-destructive. Why do otherwise smart, successful people do such risky things? For psychologists and political analysts who found themselves dissecting the Spitzer story, it was a question of the chicken or the egg: In such situations, does the risky behavior precede the powerful job?
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