Israel fights large Carmel forest fire amid evacuations
Fires raged across northern and central Israel for a third day, triggering evacuations of three villages near Haifa and causing damage to Ein Hod and Zichron Yaacov. About ten fires burned with 90 degree heat and high winds as air support aided firefighters while authorities suspected negligence and possible arson in some blazes.
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Japan passes laws on rescuing banks
Japan moved to end its banking crisis by approving laws to let the government take over faltering banks or close them and to create a public entity to buy bad debt. The package aims to stabilize finance, spur lending, and restore growth amid high unemployment and rising bankruptcies.
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