Treasury Secretary Henry Paulson said growth should be speeding up and financial markets should become steadier by the end of the year; but he also said, “we are still working through housing and capital markets issues, and expect to be doing so for some time."
Yahoo CEO Roy Bostock shot back at investor Carl Icahn’s threat to take control of the company and sell it to Microsoft, saying that Icahn had a “significant misunderstanding of the facts of the Microsoft proposal.”
“A U.S. court martial sentenced a Marine to four years in prison on Friday for sexual abuse of a 14-year-old girl on the southern island of Okinawa, in a case that has sparked widespread public anger,” Reuters reports.
Osama bin Laden urged his supporters to support the Palestinian cause against Israel, which has been celebrating its 60th anniversary. "We will continue, God permitting, the fight against the Israelis and their allies," he said, "and will not give up a single inch of Palestine as long as there is one true Muslim on earth."
Chinese President Hu Jintao traveled to Sichuan, where Monday’s earthquake has killed 22,000 and left thousands more buried. “The challenge is still severe, the task is still arduous and the time is pressing,” Hu said. “Saving lives is still the top priority of our work.”
Italian police arrested nearly 400 people in Prime Minister Silvio Berlusconi’s crackdown on illegal immigration. In Naples, residents attacked an 800-person Gypsy settlement, burning it to the ground while the local police did nothing. “But what will remain scorched in the nation's memory—as a mark of shame, or a beacon pointing the way forward, depending on how you see it—are the flaming structures of the Gypsy camp,” writes The Independent’s Peter Popham.
“A homeless man who spit in the mouth and eye of a police officer and then taunted him, saying he was H.I.V. positive, was sentenced to 35 years in prison on Wednesday for harassing a public servant with a deadly weapon: his saliva,” writes The New York Times.
A federal grand jury has indicted “cyber-bully” Lori Drew for creating a false identity on MySpace to taunt a former friend of her daughter. Pretending to be a 16-year old boy, Drew started an online relationship with 13-year old Megan Meier and then broke it off suddenly. Meier hanged herself that day.
The Senate voted to nullify an FCC decision that allows a single media company to own a newspaper and a television station in the same market. "The Senate has struck a blow for localism and diversity in a media environment crying out for more of both," said FCC commissioner Michael Copps, who disapproved of his organization’s decision.
Nintendo’s Wii Fit, one of the fastest-selling games in Britain, is being released in North America next week. It attempts to make aerobics fun, using a motion-sensitive balance board and a cartoon avatar—a Mii—to lead the user in exercises such as push-ups, yoga and hula hooping.
Changes in the criteria for diagnosing autism may account for the dramatic rise in cases in recent decades. "A large part of the increase could be due to an autism diagnosis being given to children who would previously be identified as having other conditions," says Dr. Dorothy V. M. Bishop from the University of Oxford.
Brad Williams is one of three people in the world with hyperthymestic syndrome, or the ability to remember almost every occurrence of his life. Researchers are studying him in an attempt to “help people with failing memory,” according to CNN.