At a meeting Friday in Frankfurt, European Central Bank leaders decided to keep interest rates at a seven-year high in order to combat inflation. After the meeting, some commented that there is a good chance that Eurozone inflation will continue to rise.
Boeing machinists are threatening to strike Saturday after rejecting an 11-percent raise over three years. The strike is supported by 87 percent of the workers, who are angry about outsourcing and cuts to their health benefits.
Indian and American leaders met in Vienna with members of the 45-nation Nuclear Suppliers Group, asking for approval for a 2005 nuclear cooperation agreement. India pledged not to engage in a nuclear arms race, but four nations have yet to give approval.
Zimbabwean opposition leader Morgan Tsvangirai has refused to sign a power-sharing agreement with President Robert Mugabe despite Mugabe threatening to unilaterally appoint a cabinet if he doesn’t sign.
In a press conference with Georgian President Mikhail Saakashvili in Tbilisi, U.S. Vice President Dick Cheney denounced Russia’s invasion as “an illegitimate, unilateral attempt to change your country’s borders by force, that has been universally condemned by the free world” and promised that Georgia will be admitted to NATO.
Angola is holding its first election since 1992, when rebel group UNITA accused the ruling MPLA party of cheating a started a civil war. There have been long delays and technical problems at polling stations today that may require an extension of voting.
The number of suicides by active American soldiers in 2008 is on pace to set an all-time record for one year and, for the first time since the Vietnam War, exceed the rate of suicides among the general population.
Former Republican lobbyist Jack Abramoff was sentenced to four years in prison Thursday on corruption charges. Abramoff could have received up to 12 and a half years but received a reduced sentence for cooperating with investigators.
Texas authorities are dropping many of the cases against parents in the Yearning for Zion polygamist ranch. Thus far, Child Protective Services has dropped 235 of the 440 custody cases, allowing those parents to leave the state and dropping the requirement to attend parenting classes.
Mohammad Qatanani, a Muslim imam who has been accused by federal officials of having terrorist ties, will be allowed to remain in the United States after a federal judge in New Jersey ruled that the government’s deportation case against him was “patently incomplete.”
Ariz. Sen. John McCain accepted the Republican nomination for president and delivered a speech that focused on his POW experience and his commitment to nonpartisan reform. For more coverage of the GOP Convention, see the findingDulcinea Convention News Roundup.
The Food and Drug Administration ordered stronger warnings on four rheumatoid arthritis medications—Cimzia, Enbrel, Humira, and Remicade—after receiving 240 reports of patients developing a fungal infection.
Microsoft debuted a much-hyped television commercial featuring company founder Bill Gates and comedian Jerry Seinfeld Thursday night. The ad, which showed Gates and Seinfeld shopping for shoes and had a tagline of “The Future. Delicious,” is part of a $300 million ad campaign.
Marion Jones, an Olympic sprinter who was stripped of her five gold medals for admitting to steroid use, was released from prison Friday after serving most of her six-month sentence for lying to federal prosecutors about her drug use.