Daily News Channel
If you want to know whether the banking crisis is in the third inning or the ninth, consider Corus Bankshares. The Chicago regional bank has made just over $4 billion in commercial real estate loans. The recently completed government bank stress tests assumed that as many as 12% of all such loans could go bad in the next two years
Firecrackers exploded around Colombo on Monday as Sri Lankans celebrated what they hoped would be the end to a civil war that has plagued the nation since 1983. At 1:40 p.m., Sri Lanka’s government radio announced that Velupillai Prabhakaran, the elusive leader of the Liberation Tigers of Tamil Eelam , was killed early this morning by special forces in the island’s northern Karayamullavaikkal area. The 54-year-old Prabhakaran, who headed the Tamil separatist movement for 33 years, had been trying to flee the shrinking 100-m by 100-m pocket of land still under Tiger control in an ambulance when troops intercepted the vehicle, shooting those inside.
In a landmark decision on climate change and energy, President Barack Obama will announce tough new vehicle gas-mileage standards on Tuesday, the first ever national limits on greenhouse-gas emissions. The new policy, which was worked out between Washington, state governments and the auto industry, will require automakers to meet a minimum fuel-efficiency standard of 35.5 miles a gallon by model year 2016 — four years earlier than Congress currently requires. Not only could the move potentially kick-start the sputtering U.S
In the Himalayan resort town of Nathiagali, a party is under way.
The nation is becoming even more diverse: More than one third of its population belongs to a minority group, and Hispanics are the fastest-growing segment. The U.S. Census Bureau reported Thursday that the minority population reached an estimated 104.6 million — or 34 percent of the nation’s total population — on July 1, 2008, compared to 31 percent when the Census was taken in 2000
Nobel Peace Prize laureate Aung San Suu Kyi was taken to a prison compound in Myanmar on Thursday, where she was scheduled to stand trial next week for allegedly letting an American stay in her house in violation of her house-arrest terms.
A judge in Saudi Arabia has said husbands are allowed to slap their wives if they spend lavishly, a Saudi newspaper reported this past weekend.
On a plane to the Maldives, tourists sigh about the luxury resorts and sun-dappled beaches to which they are bound. From above, the country’s coral-fringed lagoons in the Indian Ocean look computer-generated: arrayed in turquoise pods, they stretch over an azure expanse that would span from Rome to Budapest. Ibn Battuta, the 14th century Arab explorer, hailed the archipelago as “one of the wonders of the world.” Ever since, the Maldives has enchanted shipwrecked sailors, Hollywood celebrities and Russian oligarchs fortunate enough to wash up by its shores.
The doctor of Nobel Prize-winning democracy activist Aung San Suu Kyi was barred from seeing her on Saturday, a spokesman for her party told CNN. Dr
A Kenyan man has sued activists who called on women to boycott sex to protest the growing divide in the nation’s coalition government.