Fed lifts credit with 200 billion loan pledge
The Fed promised a 200 billion booster shot for ailing markets and led to a sharp market rebound. The Dow jumped over 416 points its strongest one day rise since July 2002 as the Fed joined with the ECB and other central banks to provide liquidity against mortgage backed securities.
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New York
Fed
Wall Street
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House Democrats Fail To Overturn Bush Veto On Interrogation Bill
Democrats in the House failed to override President Bush’s veto of a bill that would ban waterboarding and other harsh methods. The measure would limit CIA interrogations to the 19 techniques in the Army field manual. CIA Director Hayden confirmed waterboarding was used on three suspects in 2002 and 2008.
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Navy admiral resigns over perceived rift with Bush Iran policy
Admiral William J. Fallon, commander in charge of Iraq and Afghanistan theaters, resigns citing media reports that he opposed President Bush's Iran policy. Fallon called the reports erroneous and a distraction, stating there were no differences about policy goals in Central Command. He was in Iraq when he announced his decision.
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William J. Fallon
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Madrid bombing anniversary mourned in ceremony
In Madrid a fourth anniversary memorial for the 2004 train bombings drew King Juan Carlos as relatives like Auror a Baeza Ramirez mourned sons such as Jose Maria Ramirez aged 39. A glass memorial and family keepsakes underscored the somber ceremony.
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Aurora Baeza Ramirez
Baeza Ramirez
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Pakistani volunteers and cop at burning car after FIA bombing
Pakistani volunteers and a police officer stand beside a burning car at the site of a death by own action bombing in the Federal Investigation Agency office in Lahore. The incident highlights a violent attack targeting a major Pakistani agency.
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Lahore
Pakistan
Lahore faces new terror probe as protests and violence surge
The Pakistani crisis deepens after attacks injuring over 200 and killing at least 24 in Lahore amid calls for dialogue with militants. The coalition government formation aims to curb President Musharraf's powers, with unrest from tribal regions spreading to the cultural hub.
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Nawaz Sharif
Benazir Bhutto
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Pervez Musharraf
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