The fallout from the vote against a bailout package for the U.S. financial system may well dig deep into the economy. ...more

September 30, 2008

In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging 777 points, the most ever for a single day. ...more

September 29, 2008

Fifteen years ago, a disastrous flood swept through the Midwest, causing an estimated $20 billion in flood damage, nearly 50 deaths and untold trauma to the hundreds of thousands whose homes were damaged or destroyed. Today we see the same kind of flooding in many of the same areas. Twenty-four deaths have been attributed to this year's floods, and economic damage is escalating into the billions of dollars. The flooding of cropland has already been reflected in rising commodity prices and will soon hit grocery store prices. Tens of thousands of people have seen their homes destroyed. ...more

June 30, 2008

The ruling junta said Friday that it will let foreign aid workers and commercial ships help survivors in Myanmar's cyclone-ravaged Irrawaddy Delta, but refused to relent on accepting aid from U.S., French and British military ships. ...more

May 24, 2008

Property owners on this small barrier island filed a federal lawsuit Tuesday seeking to invalidate the designation of 6,200 acres as protected beach mouse habitat. ...more

December 22, 2007

As oil prices climb toward the once unthinkable $100 a barrel level, fears that the U.S. economy could tip into recession also are rising. ...more

November 2, 2007