Saturday, March 22, 2008

Taiwan's Ruling Party Loses Election

Breaking News
March 22, 2008

3 U.S. Soldiers Killed By Roadside Bomb

Three more U.S. soldiers died in Iraq, raising the death toll to 3,996.
Meanwhile, in a tragic friendly fire incident, an American air strike
hit checkpoints manned by U.S.-allied Sunni fighters, killing six guards
and wounding two. 
--------------------
U.S.

Feds Soften On States Over Real ID

There may be a compromise to end the Bush administration's standoff with
states resisting new standards for driver's licenses. For people who
live in those holdout states, the dispute raises the specter of hassles
at airports and federal buildings. 
--------------------
World

Taiwan's Ruling Party Loses Election

Taiwan's opposition candidate cruised to victory in the presidential
election, promising to expand economic ties with China while protecting
the island from being swallowed up politically by its giant communist
neighbor. 
--------------------
Politics

CBS Poll: Good Reviews For Obama Speech

Sen. Barack Obama's speech on race has received largely positive
reviews, according to a new CBS News poll. But the percentage of voters
who think Obama would unite the country as president has dropped. 
--------------------
Health

Town's Water Gets Rare Case Of Salmonella

It could be three more weeks before residents of a southern Colorado
town can drink water straight from the tap after dozens of cases of
salmonella poisoning were linked to municipal water, putting seven
people in the hospital. .
--------------------
Opinion

Hillary's NAFTA Lie

Hillary Clinton's claim that she has always been a critic of the North
American Free Trade Agreement is a lie, writes The Nation.

Friday, March 21, 2008

Markets Friday, 03/21/2008

Date: Fri, 21 Mar 2008 17:31:07 -0400

| Dow : 12361.32 up 261.66

| S & P : 1329.51 up 31.09

| NASDAQ: 2258.11 up 48.15

| Bond (10Y): 3.36%, 101.13

MARKETS:
Good Thursday on Wall Street
Stocks surge as investors welcome falling oil and gold prices and news
that the Fed will make $75 billion in loans available to banks next
week. Markets are closed Friday (today).

News Alert!

Date: 21 Mar 2008 17:36:25 -0000
經合組織: 美國經濟處於衰退邊緣

In 金融財經

經濟合作與發展組織,簡稱"經合組織"(OECD)指出,美國經濟正處於衰退邊緣。More...go
to

http://www.bloglines.com/blog/johnDispatch

Gov. Bill Richardson Backs Obama

Breaking News
March 21, 2008
Gov. Bill Richardson Backs Obama

New Mexico Gov. Bill Richardson, the nation's only Hispanic governor, is
endorsing Sen. Barack Obama for president, calling him a "once-in-a-
lifetime leader" who can unite the nation and restore America's
international leadership. 
--------------------
U.S.

Indiana Acid Gas Explosion Injures 26

An explosion released a cloud of hydrochloric acid gas at an engine
plant in southern Indiana, sending at least 26 people to a hospital,
authorities said. 
--------------------
World

Major Quake Strikes Western China

A major earthquake struck western China, but there were no reports of
casualties. The 7.2-magnitude quake hit at 6:33 a.m. local time, about
140 miles southeast of the city of Hotan in southwest Xinjiang
province. 
--------------------
Politics

2 Fired For Looking At Obama Passport File

Two contract employees for the State Department have been fired and a
third disciplined for inappropriately looking at the passport file of
Democratic Sen. Barack Obama's passport file, a spokesman said. 
--------------------
Health

Happy Marriage, Better Blood Pressure

Blood pressure is best in happily married people, followed by singles.
Last place: unhappily married people, new research shows. 
--------------------
Business

Aloha Airlines Files For Bankruptcy, Again

Hawaii's Aloha Airlines has filed for Chapter 11 bankruptcy protection,
a little more than two years after emerging from bankruptcy. 

Thursday, March 20, 2008

U.S. stocks surge to tally first weekly gains in four weeks

Date: Thu, 20 Mar 2008 21:06:03 (GMT)
U.S. stocks surge to tally first weekly gains in four weeks

U.S. stocks sail higher, looking to score this month's first broad-based
weekly gains, boosted by better earnings than anticipated at Nike and a
not-so-bad decline in Philadelphia manufacturing activity.

Does recent rush to cash spell end to commodities rally?

Commodities from energy to metals to grains take another steep drop as a
widespread cash-out triggered by a reassessment of the world's growth
and inflation prospects raised this question: Is the recent rally over?

Congress to probe Fed's role in Bear's buyout: report

Congress is reportedly looking into the Federal Reserve-backed agreement
ceding Bear Stearns to J.P. Morgan Chase at the bargain-basement price
of $2 a share.

Hedge funds leaving Bear may be facing tougher leverage limits

SAN FRANCISCO
Hedge funds moving from Bear Stearns to rival prime brokers may be
facing tougher borrowing requirements as investment banks cut back on
the amount of money they're willing to lend to some managers in the $2
trillion business.

Visa may provide shelter from sector's storm

Visa shares are up sharply on their second day of trading as they
benefit from renewed interest in the financial sector and analysts say
they provide a relative safe harbor in a volatile corner of the market.

Markets Thursday, 03/20/2008

Thursday, 3/20/2008

| Dow : 12361.32 up 261.66

| S & P : 1329.51 up 31.09

| NASDAQ: 2258.11 up 48.15

| Bond (10Y): 3.36%, 101.13

MARKETS:
Good Thursday on Wall Street
Stocks surge as investors welcome falling oil and gold prices and news
that the Fed will make $75 billion in loans available to banks next
week. Markets are closed Friday.

Shortened trading week ends with a rally. Bulls, reacting to NY Fed's liquidity move, drive Dow about 270 points higher.

Date: Thu, 20 Mar 2008 16:01:05 -0400

Shortened trading week ends with a rally. Bulls, reacting to NY Fed's
liquidity move, drive Dow about 270 points higher.

Pictures: 3/20/2008

Date: 20 Mar 2008 19:17:19 -0000
圖片新聞精選:2008年3月20日

美聯儲救市措施初見成效,市場仍脆弱;布什在五角大樓發表演講,表示不會提前從伊拉克撤軍;紐約國際車展開幕......More...go
to

http://www.bloglines.com/blog/johnDispatch

Dow extends gains, up 220 points, after Fed unveils $75B plan to boost liquidity.

Date: Thu, 20 Mar 2008 14:40:12 -0400

Dow extends gains, up 220 points, after Fed unveils $75B plan to boost
liquidity.

U.S. stocks jump ahead, shrug off commodities weakness

Date: Thu, 20 Mar 2008 16:01:03 (GMT)

U.S. stocks jump ahead, shrug off commodities weakness

U.S. stocks struggle to bounce back from the commodity-price-induced
stumble of the last session, after the government reports a rise in
weekly jobless claims and Nike Inc. reports strong profits on overseas
demand thanks to the weak dollar.

Economic Report: Economy 'grinding to halt,' leading data say

The U.S. economy may be "grinding to a halt," the Conference Board
says as it reports the index of leading economic indicators marked its
fifth straight decline in February.


The Great Unwind has started, avoid leverage, Citigroup says

As markets and economies de-leverage across the globe, investors should
avoid companies and countries that have grown to rely too much on
borrowed money, Citigroup strategists say.

Commodities in broad sell-off as inflation views change

Prices in a broad range of commodities, from oil and gold to wheat, take
a dive as the dollar continued to advance, one day after the Federal
Reserve cut interest rates and mentioned that concerns over inflation
were back in play.

Mortgages: Rates on long-term mortgages take big drop

Long-term mortgage rates dropped sharply this week, while
adjustable-rate mortgages barely budged from last week's averages,
according to Freddie Mac's weekly survey released Thursday.

Benchmark long-term U.S. mortgage rates decline sharply

Date: 20 MAR 2008 14:15:01 GMT

Benchmark long-term U.S. mortgage rates decline sharply
3/20/2008 10:11:42 AM

Bulletin: U.S. leading economic indicators point lower for fifth straight month

Date: 20 MAR 2008 14:03:25 GMT

U.S. leading economic indicators point lower for fifth straight month
3/20/2008 10:00:23 AM

Breaking News: Jobless claims reach highest level in two months

Date: Thu, 20 Mar 2008 07:45:46 -0500

WASHINGTON (AP) - The number of newly laid off workers filing for
unemployment benefits rose last week to the highest level in nearly two
months, providing more evidence that the weak economy is having an
adverse impact on the labor
market.

U.S. stocks edge higher at open as oil prices continue to retreat.

Date: Thu, 20 Mar 2008 09:32:19 -0400

U.S. stocks edge higher at open as oil prices continue to retreat.

Wednesday, March 19, 2008

Shanghai Composite Index slides 5.2% as commodity stocks lead decline

Date: 20 MAR 2008 03:05:11 GMT

Shanghai Composite Index slides 5.2% as commodity stocks lead decline
3/19/2008 11:01:48 PM

Markets Wednesday, 03/19/2008

Wednesday, 3/19/2008

| Dow : 12099.66 down 293.00

| S & P : 1298.42 down 32.32

| NASDAQ: 2209.96 down 58.30

| Bond (10Y): 3.35%, 101.19

MARKETS:
Stocks: right back down
Wall Street gives up nearly 75% of the previous session's rally as
investors retreat. Oil and gold prices plunge. Morgan Stanley earnings,
Fannie and Freddie news help, but can't stop losses.

Gold slides as dollar rises, Fed mentions inflation

Date: Wed, 19 Mar 2008 21:06:03 (GMT)

Gold slides as dollar rises, Fed mentions inflation

Gold futures down sharply, as investors booked profits off recent gains
in the precious metal after the Federal Reserve cut interest rates by
0.75 percentage point.

Visa shares leap 28% as record IPO debuts

NEW YORK
Shares of Visa Inc. surge more than 35% in their market debut, opening
at $59.50 as investor demand for the largest initial public offering in
U.S. history draws spirited bidding.

Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages

The federal government loosens strict capital requirements on Fannie Mae
and Freddie Mac, allowing them to inject billions of dollars into the
sagging mortgage market by buying more loans.

Morgan Stanley's quarterly profit falls 42% but tops forecasts

Morgan Stanley's first-quarter net earnings drop 42% as revenue also
falls, but the results beat consensus forecasts that have been knocked
down by the credit crunch.

Market Snapshot: U.S. stocks end sharply down in tracking commodities

U.S. stocks fall heavily, giving up an early effort to extend the
market's best day in nearly five years, with commodity-related sectors
leading the decline following the Federal Reserve's calls against
inflation.

Dow industrials forfeit nearly 300 points; major U.S. indexes decline 2.3% or more

Date: 19 MAR 2008 20:05:24 GMT
Dow industrials forfeit nearly 300 points; major U.S. indexes decline
2.3% or more
3/19/2008 4:01:54 PM

The Dow slid more than 200 points, erasing much of Tuesday's stunning 420 point rally.

Date: Wed, 19 Mar 2008 14:49:03 -0400

The Dow slid more than 200 points, erasing much of Tuesday's stunning
420 point rally.

Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages

Date: Wed, 19 Mar 2008 16:01:10 (GMT)

Fannie Mae, Freddie Mac get U.S. OK to buy more mortgages

The federal government loosens strict capital requirements on Fannie Mae
and Freddie Mac, allowing them to inject billions of dollars into the
sagging mortgage market by buying more loans.


Morgan Stanley's quarterly profit falls 42% but tops forecasts

Morgan Stanley's first-quarter net earnings drop 42% as revenue also
falls, but the results beat consensus forecasts that have been knocked
down by the credit crunch.

British regulator probing financial rumor-mongering

Britain's stock-market regulator is looking into rumor-mongering that
has beset some financial stocks, pulling one lender down as much as
17%.

Adobe profit, sales top analysts' expectations

Adobe Systems Inc. says its first-quarter profit and sales beat Wall
Street analysts' estimates, sending its shares higher in late trading
and signaling a healthy demand for the company's software even amid the
U.S. economic slowdown.

Oil prices rebound after a government report shows that crude inventories grew much less than expected last week.

Date: Wed, 19 Mar 2008 10:33:04 -0400

Oil prices rebound after a government report shows that crude
inventories grew much less than expected last week.

Visa shares trade at nearly $60 in market debut -- 36% above IPO price

Date: 19 MAR 2008 14:22:55 GMT

Visa shares trade at nearly $60 in market debut -- 36% above IPO price
3/19/2008 10:19:48 AM

U.S. unveils plan to provide up to $200B in liquidity for troubled mortgage market by loosening rules on Freddie, Fannie.

Date: Wed, 19 Mar 2008 09:11:12 -0400

U.S. unveils plan to provide up to $200B in liquidity for troubled
mortgage market by loosening rules on Freddie, Fannie.

Tuesday, March 18, 2008

Japan's Nikkei 225 adds nearly 3% in early trade

3/18/2008 8:23:41 PM
Japan's Nikkei 225 adds nearly 3% in early trade

Markets Tuesday, 03/18/2008

Date: Tue, 18 Mar 2008 17:31:08 -0400
| Dow : 12392.66 up 420.41

| S & P : 1330.74 up 54.14

| NASDAQ: 2268.26 up 91.25

| Bond (10Y): 3.48%, 100.13

MARKETS:
Dow spikes 420 points on rate cut
Wall Street surges, with blue-chip indicator seeing its best day in
5-1/2 years as investors hail central bank decision to cut rates by 3/4
of a percentage point.

Bulletin: FOMC cuts federal funds rate by 75 basis points to 2.25%

Date: 18 MAR 2008 18:17:51 GMT

BULLETIN
FOMC cuts federal funds rate by 75 basis points to 2.25%
3/18/2008 2:15:04 PM

Fed slashes key interest rate by 3/4 of a point in its latest attempt to attack problems plaguing the economy.

Date: Tue, 18 Mar 2008 14:15:08 -0400

Fed slashes key interest rate by 3/4 of a point in its latest attempt to
attack problems plaguing the economy.

Dow surges 300 points on a rally fueled by better-than-expected news from Goldman and Lehman and ahead of Fed.

Date: Tue, 18 Mar 2008 13:21:03 -0400

Dow surges 300 points on a rally fueled by better-than-expected news
from Goldman and Lehman and ahead of Fed.

Dalai Lama will resign if violence worsens

Date: Tue, 18 Mar 2008 05:42:13 -0500

NEWS

Dalai Lama will resign if violence worsens
---------------------------------------------
The Dalai Lama says he will step down if violence by Tibetans in his
homeland spirals out of control.

U.S., N. Korea agree to continue nuke talks
---------------------------------------------
North Korea said Tuesday it has agreed to continue working with the
United States to resolve a stalemate in international nuclear
negotiations over the North's promise to fully declare its weapons
programs.

Poll: 3 in 4 think USA is in a recession
---------------------------------------------
More than three in four Americans think the country is in a recession, a
USA TODAY/Gallup Poll over the weekend shows, reflecting a crisis of
confidence that economists say could make the economy worse.

MONEY

Global markets' outlook mixed in anticipation of Fed cut
---------------------------------------------
Most Asian stock markets extended falls into a second day after China's
premier expressed doubts that the country could meet this year's
inflation target, fueling investor fears of rising interest rates.

Americans should start seeing tax rebates in May
---------------------------------------------
The first of more than 130 million economic stimulus payments from
Washington are scheduled to be sent to Americans' mailboxes or bank
accounts starting May 2, the IRS said Monday.

U.S. stocks surge as Fed rate decision nears

Date: Tue, 18 Mar 2008 16:01:03 (GMT)

U.S. stocks surge as Fed rate decision nears

U.S. stocks soar, bolstered by better-than-anticipated earnings from
Goldman Sachs and Lehman Brothers, as well as expectations of another
Federal Reserve interest-rate cut later in the day.

Economic Report: Single-family housing starts fall to 17-year low

With no end in sight to the housing bust, new construction on
single-family homes drops by 6.7% in February to a seasonally adjusted
annual rate of 707,000, the lowest in 17 years.

The Fed: Federal Reserve policymakers expected to pull out all the
stops

WASHINGTON
The Federal Reserve is expected to continue pulling out all the stops to
combat the two-headed threat of a financial-market meltdown and a U.S.
recession by slashing interest rates later Tuesday, Fed watchers said.

Quarterly profits cut in half at Goldman Sachs, Lehman Bros.

Wall Street titans Lehman Bros. and Goldman Sachs say quarterly profits
fell by more than half as investment business slows and trading revenues
drop.

Bear stock price suggests shareholders may hold out for more

The prospect that Bear Stearns investors may reject the $2 a share offer
-- at least for a few months -- is now being priced into the market,
analysts say.

New N.Y. Gov., Wife, Each Admit Affairs

Breaking News
March 18, 2008
New N.Y. Gov., Wife, Each Admit Affairs

Just hours after being sworn in, New York Governor David Paterson told
the Daily News of New York City that he maintained a relationship with
another woman from 1999 until 2001 during a rough patch in his
marriage.
--------------------
U.S.

I-95 In Philadelphia Closed For Repairs

A two-mile stretch of Interstate 95 in Philadelphia was shut down early
Tuesday for at least two days for emergency repairs of a 4-foot crack in
a concrete support pillar of the major northeast corridor. 
--------------------
Politics

Florida Democrats Won't Hold Re-Do Primary

Florida Democrats won't go forward with a plan to redo the presidential
primary with a mostly mail-in vote, the state party chairwoman said
Monday in a letter citing lack of support for the idea. 
--------------------
Business

All Eyes Fixed On Federal Reserve

The Federal Reserve is expected to aggressively lower interest rates in
its intensified battle against the U.S. credit crisis and spreading
economic weakness. The question is whether all of the effort will turn
the tide. 
--------------------
Opinion

Race, Gender And Bias In The Electorate

Will Americans admit to bias? For years, survey researchers have tried
to figure out how to measure bias in voting behavior- whether or not
people will say they would not vote for certain types of people.

Delta to offer voluntary buyouts to 30,000 workers and cut domestic capacity by 5% to combat fuel costs, AP reports.

Date: Tue, 18 Mar 2008 10:44:03 -0400

Delta to offer voluntary buyouts to 30,000 workers and cut domestic
capacity by 5% to combat fuel costs, AP reports.

U.S. stocks soar at open, Dow up more than 100 points, Nasdaq up 1.8%.

Date: Tue, 18 Mar 2008 09:33:07 -0400

U.S. stocks soar at open, Dow up more than 100 points, Nasdaq up 1.8%.

Monday, March 17, 2008

Markets Monday, 03/17/2008

Monday, 3/17/2008

| Dow : 11972.25 up 21.16

| S & P : 1276.60 down 11.54

| NASDAQ: 2177.01 down 35.48

| Bond (10Y): 3.30%, 101.63

MARKETS:
Dow muscles back after rough day
Broad market remains deep in the red, while the blue-chip average
manages to end in positive territory as investors mull Bear Stearns'
sale and Fed's emergency action.

U.S. stocks mostly recover from Bear Stearns-induced drop

Date: Mon, 17 Mar 2008 21:06:03 (GMT)
U.S. stocks mostly recover from Bear Stearns-induced drop

U.S. stocks shake off the bulk of stiff losses, with J.P. Morgan leading
a blue-chip rally a day after its heavily discounted bid for Bear
Stearns Cos. and the Federal Reserve's extraordinary discount-rate cut.

Bear stock price suggests shareholders may hold out for more

The prospect that Bear Stearns investors may reject the $2 a share offer
-- at least for a few months -- is now being priced into the market,
analysts say.

Wall Street watches Lehman walk on thin ice

Analysts who cover broker Lehman Brothers are watching closely from the
sidelines, loath to add to market speculation that the firm may be the
next major brokerage to falter.

The Fed: Fed rate cut of a percentage point looks more certain than
ever

The Federal Reserve is expected to engineer an extremely rare cut of one
percentage point in overnight interest rates on Tuesday, Fed watchers
say.

Debate grows over iPhone's enterprise impact

SAN FRANCISCO
Apple Inc.'s latest efforts to make the iPhone more attractive to
business customers by adding new support for corporate e-mail and
information systems has some analysts divided on how much the device
will be accepted by the corporate market.

Blue-chip Dow index closes with 21-point gain; S&P, Nasdaq fail to erase day's losses

Date: 17 MAR 2008 20:07:16 GMT

Blue-chip Dow index closes with 21-point gain; S&P, Nasdaq fail to erase
day's losses
3/17/2008 4:03:24 PM

The IRS says it will start sending 130 million tax rebates on May 2 aimed at stimulating the economy.

Date: Mon, 17 Mar 2008 12:47:20 -0400

The IRS says it will start sending 130 million tax rebates on May 2
aimed at stimulating the economy.

The IRS says it will start sending 130 million tax rebates on May 2 aimed at stimulating the economy.

Date: Mon, 17 Mar 2008 12:47:20 -0400

The IRS says it will start sending 130 million tax rebates on May 2
aimed at stimulating the economy.

White Men Emerge As Dems' Key Swing Vote

Breaking News
March 17, 2008

Mills To Get $48.6 Million From McCartney

Paul McCartney is to give $48.6 million of his huge fortune to estranged
wife Heather Mills, according to an court decision that is expected to
end their bittter divorce battle. 
--------------------
World

16 Confirmed Dead In Tibet Crackdown

China's appointed governor of Tibet says 16 people have died in violence
that started in the region's capital. The government blames the
bloodshed squarely on "thugs" acting on the Dalai Lama's orders. Exile
groups say as many as 80 have been killed. 
--------------------
Politics

White Men Emerge As Dems' Key Swing Vote

In the fierce campaign between Sens. Hillary Rodham Clinton and Barack
Obama, a battle dominated by questions of race and gender, white men
have emerged as perhaps the single critical swing constituency, the
Washington Post reports. 

U.S. stocks trim early losses fueled by credit-crunch fallout

Date: Mon, 17 Mar 2008 16:01:03 (GMT)
U.S. stocks trim early losses fueled by credit-crunch fallout

U.S. stocks dive at start and then trim losses, with sentiment hit by
the latest fallout from the credit crisis – the distressed sale of
Bear Stearns Cos. Inc. and the Federal Reserve's extraordinary rate
cut just two days ahead of Tuesday's slated meeting.

J.P. Morgan to buy Bear Stearns for $2 a share

J.P. Morgan Chase & Co. is buying battered broker Bear Stearns Cos. for
$236 million in a Federal Reserve-backed bailout unprecedented in scope
and execution.

Lehman shares bounce back after dropping 30%

Lehman Brothers Holdings Inc. shares were off their lowest levels after
dropping more than 30% ahead of the open as Moody's Investors Service
trimmed its outlook on the investment bank's debt rating, heightening
concerns about liquidity.


Currencies: Battered dollar gets some short-covering respite

The Bear Stearns fire sale and the Federal Reserve's emergency
decision to cut its discount rate sends the dollar plunging to historic
lows against major counterparts, only to recover slightly in early U.S.
trade.

Dow industrials rally back from deep slide to post narrow rise; Nasdaq, S&P remain in red

Date: 17 MAR 2008 14:50:21 GMT

Dow industrials rally back from deep slide to post narrow rise; Nasdaq,
S&P remain in red
3/17/2008 10:46:26 AM

Bear Stearns' Collapse Rattles Markets

Breaking News
March 17, 2008
Bear Stearns' Collapse Rattles Markets

Asian stocks plunged and the dollar sank to a new low on news that
JPMorgan Chase was buying troubled U.S. investment bank Bear Stearns,
signaling to investors the depths of the credit crisis. Oil prices in
Asian have risen to a record level. 
--------------------
World

16 Confirmed Dead In Tibet Crackdown

China's appointed governor of Tibet says 16 people have died in violence
that started in the region's capital. The government blames the
bloodshed squarely on "thugs" acting on the Dalai Lama's orders. Exile
groups say as many as 80 have been killed. 
--------------------
Business

Fed Takes New Steps To Ease Credit Crisis

Federal Reserve Chairman Ben Bernanke said new steps announced by the
central bank should help squeezed financial institutions get cash
infusions - a fresh effort to provide relief to a spreading credit
crisis. 

Fed's gauge of New York factory activity plunges to record low in March

Date: 17 MAR 2008 12:34:11 GMT

Fed's gauge of New York factory activity plunges to record low in March
3/17/2008 8:31:54 AM

U.S. stocks open sharply lower as credit turmoil spreads

Date: 17 MAR 2008 13:39:58 GMT

U.S. stocks open sharply lower as credit turmoil spreads
3/17/2008 9:36:43 AM

Sunday, March 16, 2008

Fed lowers discount rate, offers more funds to financial firms

Date: 17 MAR 2008 00:01:17 GMT

Fed lowers discount rate, offers more funds to financial firms
3/16/2008 7:58:31 PM

JPMorgan buys Wall St. firm Bear Stearns as fears grow that Bear's demise could send shockwaves across shaky markets.

Date: Sun, 16 Mar 2008 19:13:04 -0400

JPMorgan buys Wall St. firm Bear Stearns as fears grow that Bear's
demise could send shockwaves across shaky markets.

J.P. Morgan Chase to buy Bear Stearns for $2 a share in stock-swap deal

Date: 16 MAR 2008 23:20:53 GMT

J.P. Morgan Chase to buy Bear Stearns for $2 a share in stock-swap deal
3/16/2008 7:17:53 PM

5 Years On: Is Iraq War Only Half-Over?

Breaking News
March 16, 2008
5 Years On: Is Iraq War Only Half-Over?

How much longer will the Iraq War continue? For years, say many
commanders and military analysts. In fact, the U.S. may be only at the
mid-point of its involvement in a conflict begun when President Bush
ordered the invasion in 2003. 
___________
U.S.

4 Dead, 10 Injured In NYC Crane Collapse

A giant crane detached from the side of a skyscraper under construction
and smashed into a block of residential buildings Saturday, creating a
deadly scene of destruction on Manhattan's East Side. 
--------------------
World

China Accused Of "Cultural Genocide"

The Tibetan spiritual leader the Dalai Lama called for an international
investigation into China's crackdown against protesters in his homeland,
which he said is facing a "cultural genocide." 
--------------------
Politics

Clinton Supports Michigan Revote Proposal

Democrat Hillary Rodham Clinton Saturday said she supported a plan being
developed by Michigan Democrats to hold a new primary in June.