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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Oct 25, 2007
Page
21
The Congressional Budget Office estimates the wars may total up to 2.4 trillion dollars over the next decade, including previously uncounted costs as large numbers of U S forces stay in the regions. The White House calls it speculation while noting about 604 billion has already been spent.
Facebook sells 1.6 percent stake to Microsoft for 240 million valuing the site at 15 billion as the two expand ad cooperation beyond the United States. Microsoft will also handle internet ads as Facebook grows internationally while a separate Rice comment flags a fragile two state path amid Middle East tensions.
Bank of America will eliminate 3000 positions, mostly in investment banking, representing under 2 percent of staff. The bank begins a strategic review of its investment banking unit as CEO Kenneth D. Lewis retires a key executive and Brian Moynihan takes over. Net income dropped to 3.7 billion with revenue at 16.3 billion after a 32 percent quarterly fall.
Barack Obama faced harsh critique in a 2000 primary loss to U.S. Rep. Bobby Rush as an “educated fool” seen as out of touch. He later reflected on hubris, emphasized grounding in community organizing, coalition building, and fundraising prowess that helped shape his future campaigns.
NASA used lasers and cameras to scan Discovery wings for damage as it neared the International Space Station. Preliminary images show no significant foam loss on the fuel tank and no obvious issues with the three suspect wing panels, though full analysis will take days.
Analysis shows the White House moved fast to project responsiveness during Katrina with sympathy lines, quick funding, and a Cabinet meeting. Yet the large-scale response later drew criticism as the federal effort struggled, contrasting with earlier prompts after shuttle Columbia and Florida hurricanes.
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