September 2008
You are browsing the archive for September 2008.
House ignores Bush, rejects $700B bailout bill
In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most [...]
Conservatives Call for Palin to Stand Down is Just Plain Dumb
Earl Ofari Hutchinson, Huffington Post – Conservative columnists such as Kathleen Parker have called for Vice Presidential contender Sarah Palin to stand down. Their reasoning is that she is so stunted on foreign policy questions that she’ll drag McCain down to flaming defeat. Their call is just plain dumb. If McCain loses it won’t be [...]
Norfolk officials announce events to commemorate school integration
Denise Watson Batts, The Virginian-Pilot – Norfolk officials announced today a series of events to commemorate the 50th anniversary of the deathblow to Massive Resistance, a strategy used to prevent the integration of Virginia schools. The events, which are scheduled for January and February, will recognize the opening of six Norfolk schools, which were closed [...]
Fed makes billions available to battle crisis
The Federal Reserve and foreign central banks agreed to pump billions of dollars into the global financial system Monday to unlock tight lending that threatens to unhinge the U.S. economy. The Fed said the action is intended to “expand significantly” the cash available to financial institutions in an effort to relieve to the worst credit [...]
Minorities make few gains in top corporate positions in Chicago since ’05: report
FRANCINE KNOWLES, Chicago Sun-Times – Little progress has been made in increasing the ranks of minorities in the top leadership positions at Chicago’s biggest companies, according to a biennial report from Chicago United. If strategic changes aren’t made, it could take another 89 years before minorities achieve parity, the report said. “Such slow progress would [...]
