Week of July 8, 2008
A gunmen hits the U.S. consulate in Istanbul and source says Al Qaeda is behind
it. The gun battle left three Turkish police officers and three attackers dead.
The federal government takes control of IndyMacBank - the second largest bank
failure in U.S. history.
The federal government steps in to prevent a severe disruption of the mortgage
market. It has plans for a sweeping aid package designed to bolster confidence
in battered home-loan giants Fannie Mae and Freddie Mac.
Traders beat down the value of Fannie Mae and Freddie Mac - the twin pillars of
the home loan industry - hitting shares at 17-year lows.
The Rev. Jesse Jackson apologizes for making a comment about Barack
Obama. He didn’t know the mic was on when he told someone, “Barack, he’s
talking down to black people. I want to cut his nuts off.”
Passing Tony Snow (53) of colon cancer. Former TV/radio host and President
Bush’s press secretary.
Passing -
Dr. Michael DeBakey
- performed the first coronary
bypass, tied smoking to cancer.
He raised the idea of MASH units
during the Korean War.
Technology -
“Google Lively” - Google
launches a virtual experience. It
allows users to create virtual
representations of themselves
then decorate their own virtual
rooms, invite friends to that room
and do things they’ve always
dream of.
Entertainment news -
Under fire for the prevalence of
smoking in films, four Hollywood studios have agreed to include anti-smoking
messages at the beginning of DVD’s for future films rated G. PG or PG-13 in
which there is tobacco use.
