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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 10, 2007
Page
10
On Thursday the Dow Jones industrials plunged after BNP Paribas frozen three subprime mortgage funds, signaling widening U.S. credit market woes. Investors fret over tighter credit, banks unable to obtain funds, and ongoing market volatility despite ECB cash injections.
A Justice Statistics report shows that in 2005 nearly half of murder victims were black and that black men aged 17 to 29 faced higher mortality. It notes 93 percent of black victims were killed by other black people, with whites mainly killed by whites.
Freddie Mac reports 30 year fixed rate at 6.59 percent, down from 6.68, the lowest since early June as buyers face tighter credit. Cindy Sheehan, tearful, launches bid for Congress against Nancy Pelosi citing son’s Iraq death and opposition to Bush on impeachment.
In Huntington Utah rescuers drill two holes toward six trapped miners believed alive after a cave-in. A 2.1 inch bore attempts to reach life signs while a larger shaft aims to lower cameras and supplies as progress runs days behind. Officials caution the fate remains uncertain.
Two more bodies recovered from the Interstate 35W bridge wreckage in Minneapolis as the death toll rose to seven with eight people reported missing. Divers located the remains amid ongoing recovery by a large search team as investigators examine gusset plate design flaws cited by the NTSB.
In Arvin California a quiet farming community boxed by mountains endures the nation’s dirtiest air. Residents report burning skies and coughing summers as ozone levels exceed EPA safety limits on an average 73 days yearly from 2004 to 2006.
President Musharraf rejects imposing a state of emergency amid strong opposition at home and abroad as he seeks a new five year term. Critics say the potential move signals weakness while pressure to restore democracy grows and U.S. calls to curb Taliban and al Qaida rise.
Two Tu-95 bombers reached Guam this week in a Moscow guided exercise to display Kremlin military strength. Maj. Gen. Androsov stated crews smiled at the pilots of Jeep te ard Mal Ganove r as the craft conducted maneuvers on the U.S. territory hosting a major base.
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