US ponders: How deep is economic abyss?
For months, Americans have been subjected to a sort of economic water torture — a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent.
Then came Bear Stearns. One of the five largest U.S. investment banks nearly collapsed in a single day before the government propped it up by backing emergency loans and a rival stepped in to buy it for a paltry $2 per share.
Former radical back in California prison
Former 1970s radical Sara Jane Olson is back at the central California prison where she spent six years before her short-lived release last week. A Department of Corrections spokesman said Sunday the one-time Symbionese Liberation Army member arrived at the Central California Women's Facility in Chowchilla at about 9 p.m. Saturday. Olson was released on parole from the facility on Monday, but was intercepted at Los Angeles International Airport on Friday night and told her right to leave the state had been rescinded.
McCain: I learned from Keating Five case
Sen. John McCain's ethics entanglement with a wealthy banker ultimately convicted of swindling investors was such a disturbing, formative experience in his political career that he compares the scandal in some ways to the five years he was tortured as a prisoner of war in Vietnam. "I faced in Vietnam, at times, very real threats to life and limb," McCain told The Associated Press. "But while my sense of honor was tested in prison, it was not questioned. During the Keating inquiry, it was, and I regretted that very much."
A Visit to Obama's Chicago Church
The Trinity United Church of Christ vibrated with cheers throughout the four-hour Good Friday service. When the last of seven guest preachers, Rev. Rudolph McKissick, Jr. unleashed his anger against the recent media storm that catapulted Trinity to global notoriety, the crowd rose to their feet. McKissick thundered: "Fox News, CNN, ABC ... they're so stupid that they don't even know the word damn is not a profanity but a Hebraic proclivity, meaning God's curse will fall on all those who defy his love.
Grand jury to review Barry Bonds steroid case anew
Another federal grand jury will ponder whether baseball home run king Barry Bonds lied under oath about past steroid use, his lawyer said on Friday. Last year, a grand jury charged the Major League Baseball career home run record holder with perjury during his December 2003 testimony to an earlier grand jury looking into doping in professional sports. Last month, federal Judge Susan Illston ruled the charges were improperly structured, and in a brief court hearing on Friday prosecutors told her they would seek a new indictment.
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For months, Americans have been subjected to a sort of economic water torture — a maddening drip of bad news about jobs, gas prices, sagging home values, creeping inflation, the slouching dollar and a stock market in bumpy descent.
Then came Bear Stearns. One of the five largest U.S. investment banks nearly collapsed in a single day before the government propped it up by backing emergency loans and a rival stepped in to buy it for a paltry $2 per share.
Former radical back in California prison
Former 1970s radical Sara Jane Olson is back at the central California prison where she spent six years before her short-lived release last week. A Department of Corrections spokesman said Sunday the one-time Symbionese Liberation Army member arrived at the Central California Women's Facility in Chowchilla at about 9 p.m. Saturday. Olson was released on parole from the facility on Monday, but was intercepted at Los Angeles International Airport on Friday night and told her right to leave the state had been rescinded.
McCain: I learned from Keating Five case
Sen. John McCain's ethics entanglement with a wealthy banker ultimately convicted of swindling investors was such a disturbing, formative experience in his political career that he compares the scandal in some ways to the five years he was tortured as a prisoner of war in Vietnam. "I faced in Vietnam, at times, very real threats to life and limb," McCain told The Associated Press. "But while my sense of honor was tested in prison, it was not questioned. During the Keating inquiry, it was, and I regretted that very much."
A Visit to Obama's Chicago Church
The Trinity United Church of Christ vibrated with cheers throughout the four-hour Good Friday service. When the last of seven guest preachers, Rev. Rudolph McKissick, Jr. unleashed his anger against the recent media storm that catapulted Trinity to global notoriety, the crowd rose to their feet. McKissick thundered: "Fox News, CNN, ABC ... they're so stupid that they don't even know the word damn is not a profanity but a Hebraic proclivity, meaning God's curse will fall on all those who defy his love.
Grand jury to review Barry Bonds steroid case anew
Another federal grand jury will ponder whether baseball home run king Barry Bonds lied under oath about past steroid use, his lawyer said on Friday. Last year, a grand jury charged the Major League Baseball career home run record holder with perjury during his December 2003 testimony to an earlier grand jury looking into doping in professional sports. Last month, federal Judge Susan Illston ruled the charges were improperly structured, and in a brief court hearing on Friday prosecutors told her they would seek a new indictment.
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