Wall Street braces as Bank of America buys Merrill Lynch
A government brokered takeover of Merrill Lynch by Bank of America for 50 billion dollars shocks markets. A 70 billion dollar bank loan pool and a broad Fed lending expansion aim to stabilize liquidity and curb a worldwide panic amid the Lehman rescue fiasco. Federal Reserve Chair Ben Bernanke signals efforts to identify market vulnerabilities after a major institution unwinds.
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Lehman Brothers
Wall Street
Merrill Lynch
Bank of America
American International Group Inc
Associated Press
Barclays
Citibank
Credit Suisse
Deutsche Bank
Goldman Sachs
JP Morgan
Morgan Stanley
UBS
Federal Reserve
Central Bank
Fed
Ben Bernanke
WWII Marine recalls Iwo Jima and patriotic call to serve
Anderson, a World War II veteran, joined the Marines in 1943 during a era of high patriotism. He served at Iwo Jima and says the battle is well portrayed in Clint Eastwood films. A member of the Marine Corps League and veterans groups, he is known for reciting In Flanders Fields at Manchester Memorial Day events.
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Anderson
Iwo Jima
Marine Corps League
American Legion
Veterans of Foreign Wars
Manchester
Flanders Fields
Agencies Seek Support Amid Flood Relief Strain
Nonprofit groups face funding drops as flood victims rely on donations. Big Brothers Big Sisters reports a 172 annual applications surge while Salvation Army and United Way of East Central Iowa brace for higher demand and uncertain campaigns. Goodwill Iowa relies on store sales for about 70 percent of its budget.
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Big Brothers Big Sisters
Henecke
United Way
Salvation Army
Mindy Kayser
The
Lois Buntz
Iowa
Buntz
Big Sisters
Goodwill Industries
Heartland
Linn
Johnson Counties
Leanne Sommers
Goodwill
Iowa City
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