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TheUSNews.com Sunday 12th October 2008 Volume 1/41
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Did I hear right?
"The House of Representatives has shown a catastrophic failure of leadership. Monday’s vote, rejecting Hank Paulson’s admittedly imperfect plan to add liquidity, transparency and perhaps a little capital to the banking system, was shameful. It was a triumph of political expediency over the needs of the nation. The signal was that congressmen would rather save their seats than do what it takes to keep the US payments system functioning. The vote was reversed on Friday but the message cannot be unsaid."
Financial Times editorial
The leading British financial newspaper was making its point in an editorial published on Saturday.

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U.S. Military
  • ‘MonsterÂ’ run lives on in Darmstadt
  • Young and old appreciate Osan air show
  • U.S. military cooks gear up for World Culinary Olympics
  • RuizÂ’s passes, runs help AFNORTH do it up big
  • U.S. Senate candidate from Nebraska has DODDS background

    Iraq
  • Iraqi group urges end of campaign against Christians in Mosul
  • Iraqi Christians flee killings
  • Painfully slow progress in Iraq
  • Four killed in spate of Baghdad attacks
  • Saddam remains a hometown hero
  • Schools open, and first test is Iraqi safety

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    The US News
    Breaking News
    Bush says countries working together to resolve financial crisis
    U.S. President George Bush has emerged from a White House meeting with the world's top economic powers, saying they have agreed to work together to restore stability and growth to the global...

    That US pushed n-deal amid financial turmoil is
    The fact that the Bush administration found time to push the nuclear deal even amid the ongoing financial crisis is an indication of the growing importance the US accords to India, Indian American analysts and leaders point...

    US removes North Korea from terror list
    Washington, Oct 11 (Xinhua) The US Saturday removed North Korea from its list of state sponsors of terrorism, the State Department...

    More breaking stories
    International Desk
    Russians hope to be spacewalking after successful rocket launch
    A Soyuz-FG carrier rocket has lifted off from the Baikonur space centre in Kazakhstan with a crew of three, one of them the sixth space tourist, to the International Space Station....

    IMF now fears global meltdown
    The International Monetary Fund has warned that it is possible the global financial crisis will create a worldwide...

    Japan angry at U.S. deal with North Korea
    Japan has expressed extreme regret and anger at a decision by the United States to remove North Korea from its list of state sponsors of...

    More international stories
    Business News
    Germans make quick plans to fix banks
    Germany is to rush through legislation in the new week to recapitalise its banks with a vast cash injection of up to 100 billion...

    Australia to raise bank guarantees for depositors
    Australia’s Federal Government is considering increasing its proposed bank deposits safety...

    Warren Buffett once again the richest man
    Billionaire investor Warren Buffett has once again become the richest American, only weeks after Bill Gates was given the...

    More business stories

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    More US News
  • French women have "an effortless gift for attracting men"
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  • Spongy carbon tubes can revolutionise
  • DiCaprio helps rebuild tornados-hit American city

    Business
  • Gasoline prices on the decline
  • Leading US automakers GM, Ford looking into an abyss
  • Microsoft aids human trafficking victims
  • Best overseas destination for the U.S. dollar right now
  • Fannie, Freddie told to buy $40 bln of mortgages a month - report

    Markets
  • Shift from stocks to bonds requires careful study
  • Chrysler Mulls Merger Options,Including Deals With Renault, GM
  • Who Killed Wall Street
  • Entrex PCI/Gazelles Index Holds its Own in August; As Experts Reveal Disillusionment with Wall St. Investments
  • On Main Street, tremors from Wall Street

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    Hotel Review
    The Plaza, New York City
    The Plaza, New York City

    After a prompt and friendly check-in at The Plaza I was escorted by the bellman to the 15th floor to room 1515. It was a...


    Editorials
  • Change of U.S. leadership unlikely to change foreign policy
  • Congress Skirts Earmark Rules With Airdrop Add-ons
  • There is good news, if you just look long enough
  • More thoughts about presidential campaign
  • 3,000 Christians flee Iraq