Lehman Brothers is still searching for a buyer, with Bank of America and Barclays as the two likeliest candidates. The U.S. Treasury and Federal Reserve are involved in the talks, and would likely need to provide financial protection to the buyer for a deal to be done.
Zimbabwean President Robert Mugabe agreed Thursday to a historic power-sharing deal with opposition leader Morgan Tsvangirai. According to Zimbabwean Senator David Coltart, Tsvangirai will be Prime Minister and chair a council of ministers, while Mugabe will serve as head of the cabinet and control Zimbabwe’s defense forces.
In his first public visit to France, Pope Benedict XVI spoke about the need for religion in the very secular country. He said that society must be “more aware of the irreplaceable role of religion for the formation of consciences and the contribution which it can bring to … the creation of a basic ethical consensus.”
Russian President Dmitry Medvedev likened Georgia’s military action in South Ossetia to the September 11 attacks on New York and Washington. “The world has changed and it occurred to me that 8 August 2008 has become for Russia as 11 September 2001 for the United States,” he told a group of foreign policy experts. “This is an accurate comparison corresponding to Russian realities.”
Waves crashed over a sea wall and tossed a freighter over the shore of Galveston, Texas, where the eye of Hurricane Ike is predicted to hit at midnight tonight. Galveston has been largely deserted after orders to evacuate. Houston residents have been told to remain in the city to avoid traffic gridlock.
Nearly 200 African claw frogs were seized by officials in Nevada because they pose a threat to native species. The frogs, which were purchased online from Grow-a-Frog, are illegal in at least 10 other states.
U.S. Senators Barack Obama and John McCain appeared back to back at Columbia University Thursday night to discuss public service. Keeping with their promise to suspend partisan bickering for a day, the two candidates spoke respectfully of each other and agreed on the importance of public service.
In an interview with ABC News, Alaska governor and Republican vice-presidential candidate Sarah Palin called for Georgia and Ukraine to be admitted to NATO and said that she would defend those countries if Russia invaded them.
Later Thursday, Palin was in Fort Wainwright, Alaska, to see off her son Track, who is being deployed to Iraq. She addressed the 4,000 soldiers being deployed, saying, “You could have chosen an easier, more comfortable path. Instead, you chose service.”
The Centers for Disease Control and Prevention released a report Thursday finding that African-Americans are contracting HIV at an “alarming” rate, with half of all U.S. HIV cases contracted by African-Americans. The study also found that the HIV rate among gay and bisexual is trending upwards.
The U.S. Food and Drug Administration warned consumers, particularly those in cities with large Chinese populations, to avoid buying baby formula imported from China after it discovered formula containing the chemical melamine.
Lorne Michaels of Saturday Night Live said there is still a possibility that Tina Fey will come back to the show to play vice-presidential candidate Sarah Palin. Fey left the show two years ago and some say she bears a resemblence to the Alaska governor. Olympic swimming star Michael Phelps will host the show’s season opener this weekend.