General News Archive - July 14, 2008

BILOXI, Miss. _ It never should have come to this. All the drama, all the bad will, all the uncertainty about Brett Favre and the Green Bay Packers. It has to end sometime. But as I learned in the final few days of my vacation, it was the story that will not go away.

WASHINGTON _ The Bush administration announced Sunday that it would seek congressional approval that would allow it to buy stock in Fannie Mae and Freddie Mac and vastly increase the amount of funds the government could make available to the two giant mortgage finance institutions that are key to the way the U.S.

By Juan Antonio Lizama, Richmond Times-Dispatch, Va. Jul. 14--Some Virginia leaders expressed concerns last night about the impact that InBev NV's reported buyout of Anheuser-Busch Cos. will have in the state.


Residents living in FEMA trailers across the city could be cited within the next few weeks for not vacating the temporary structures.


When Julie Brown lost her wallet shortly before she was to fly from Kansas City to Columbus, Ohio, she didn't know what to do.

By Martin Flanagan US TREASURY officials are trying to make sure that Freddie Mac, one of two troubled US mortgage giants, will be able sell dollars 3 billion (GBP 1.51bn) in securities this week at a previously scheduled sale, sources said yesterday.

By Rick Hummel, St. Louis Post-Dispatch Jul. 14--NEW YORK -- "The House That Ruth Built," as New York Evening Telegram sportswriter Fred Lieb dubbed Yankee Stadium when it opened in 1923, will play host to its last All-Star Game on Tuesday night.

By Sue Kirchhoff and John Waggoner WASHINGTON -- The Treasury Department and Federal Reserve on Sunday laid out plans to provide a financial lifeline to troubled mortgage giants Fannie Mae and Freddie Mac, underscoring alarm about their deteriorating outlook and determination to provide a strong federal backstop.

By Paul Doyle, The Hartford Courant, Conn. Jul. 14--NEW YORK -- The kid who journeyed from Perth, Australia, for a career playing the game he loves wasn't about to leave the baseball shrine without pondering its history.


Confronted by record foreclosures, the Federal Reserve is ready to give homebuyers more protection from the types of shady lending practices that have contributed to the housing crisis.

Word of the Day
  • A person or thing gazed at with wonder or curiosity, especially of a scornful kind.
The 'stock' of 'gazingstock' comes from an Old English word meaning 'tree trunk' or 'wood'.