Daily News Channel
The Obama administration Monday released nine previously secret internal Justice Department memos and opinions defining the legal limits of government power in combating terrorism. The Bush administration had refused to make the documents public, rejecting demands from congressional Democrats
In a major shake-up the likes of which Cubans have not seen for decades, President Raul Castro on Monday reorganized his Cabinet, replacing long-time aides to his brother Fidel, who resigned from office a year ago, citing poor health. Some analysts said the changes appear to be an attempt by Raul Castro to replace long-time Fidel Castro loyalists with his own supporters
Wall Street’s benchmark Dow Jones index plunged Monday to close at levels not seen since 1997 — after U.S. insurance giant AIG revealed monumental quarterly losses of $62 billion. AIG’s results came hours after the U.S
Russia’s finance minister made a rare admission of responsibility Monday for the country’s severe economic crisis. The Russian government overspent its vast oil revenues in recent years, fueling inflation, and did not do enough to reduce the economy’s reliance on oil, Finance Minister Alexei Kudrin said in an exclusive CNN interview. “Of course, I too bear the responsibility for not managing to diversify the economy as much as we wanted,” Kudrin said
Venezuelan President Hugo Chavez has ordered troops to immediately take over rice-processing plants in his country, accusing some businesses of ignoring prices set by the government. “What are some of the sectors of the agricultural industry doing They buy rice from producers, and they don’t want to produce regulated rice,” Chavez said in a televised address Saturday. “Well, I’ve ordered the intervention, starting right now, of all those sectors of the agricultural industry.” Chavez did not say how long the takeover will last, but warned that some companies could be nationalized if they tried to interrupt supplies
Britain’s prime minister Gordon Brown repeated his call Saturday for former bank chiefs to give up massive pension packages and demanded a clean-up of the banking system to eradicate "Indefensible" practices. In a speech to the ruling Labour Party’s National Policy Forum in Bristol, south-west England, Britain’s Press Association quoted him as saying: “Some of the practices now being discovered in our banks are not only unacceptable, they are indefensible and they have got to be cleaned up now.
Elie Wiesel, the Nazi concentration camp survivor who went on to win the Nobel Peace Prize, showed little inclination this week to make peace with accused swindler Bernie Madoff, whom he called "one of the greatest scoundrels, thieves, liars, criminals." “Could I forgive him No,” the 80-year-old told a panel assembled Thursday by Conde Nast’s Portfolio Magazine at New York’s 21 Club to discuss Madoff, whose alleged victims included Wiesel and his foundation, The Elie Wiesel Foundation for Humanity. “To forgive, first of all, would mean that he would come on his knees and ask for forgiveness,” the Auschwitz survivor said
Sheila Bair, head of the Federal Deposit Insurance Corporation , is working hard to reassure everyone that her banks, all 8,305 of them, are safe. Repeating her familiar mantra Wednesday on the CBS Morning Show, Bair said of FDIC-protected accounts, “Nobody’s ever lost a penny of insured deposits.” Bair had good reason to be out on the stump
A Qatari man held for years in military custody in the United States was charged Friday in federal court with conspiracy "to provide material support and resources" to al Qaeda, prosecutors announced.
By his statistics alone, Barry Bonds would be considered one of the greatest players to ever walk onto a baseball field. In addition to a string of playing awards, Bonds holds the most sacred record in all of American sport: the all-time homerun record