Daily News Channel
Police searched Sunday for gunmen who opened fire on an Israeli police vehicle in the West Bank, killing two officers, according to Israeli police. AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. The list released Sunday of “counterparties” that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.
Troubled insurance giant AIG, already under fire for intending to pay out $165 million in bonuses and compensation, succumbed Sunday to congressional pressure, identifying banks that received chunks of the company’s billions in federal bailout funds last year. AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. The list released Sunday of “counterparties” that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.
A record number of Americans served time in corrections systems across the country in 2007, according to a report released Monday by the Pew Center on the States. The U.S
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.
Sure, it was a tad hokey and staged. After members of Congress and assorted good government-types participated in the "fiscal responsibility" summit at the White House, President Obama took their questions. Calling first on Sen.
A former member of Cambodia’s genocidal Khmer Rouge regime became the first from the ultra-Maoist movement to stand trial before a U.N.-backed tribunal on Tuesday. Kaing Guek Eav, known as Duch, faces charges that include crimes against humanity and grave breaches of the 1949 Geneva conventions during the regime’s 1975-1979 rule. He is standing trial just outside the Cambodian capital Phnom Penh before the Extraordinary Chambers in the Courts of Cambodia, which is made up of Cambodian and international judges.