Bush ready to sign bankruptcy bill into law
The bill reshapes the bankruptcy system by requiring higher income debtors to repay all or part of their debts through a court ordered plan. Bush plans to sign, with implementation six months after signing, and critics warn it may hurt low income workers, single parents and the elderly.
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Benedict XVI elected pope amid global cheers and trepidation
A cheering crowd welcomed Benedict XVI on his first pope’s day, one of the shortest conclaves in a century. The 78 year old cardinal from Germany, former head of the Doctrine of the Faith, spoke of humility and John Paul I’s legacy as he prepared to guide a church facing secularism and evangelical competition.
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Ouellette Reflects on Papal Election’s Lasting Impact
Ouellette recalls the moment a new pope was announced and the profound meaning it carried for him. He felt the papal election connected to Peter, noting the line You are Peter and upon this rock I shall build my church. The experience left an indelible mark as he witnessed the gathering and waited for the cardinal chosen.
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Need Volunteers Highlight Local Groups Seeks Help
Pedersen urges more people to volunteer with Habitat for Humanity and Meals on Wheels saying no special skills are needed just time and a desire to help. Groups seeking volunteers can email The Ottawa Herald at vmoss ottawaherald.com to be listed in Friday publication.
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Inflation Surges as Prices Rise Beyond Expectations
Government inflation data show a 0.7 percent overall jump, with energy driving the gain and nonenergy prices up 0.4 percent in March. Core inflation, excluding food and energy, climbs 0.4 percent, pacing at 3.3 percent annual rate for Q1, the strongest quarterly rise since 2001.
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Federal Reserve
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