Week of March 8, 2009
President Barack Obama is ending former President George W. Bush's limits on
using federal dollars for embryonic stem cell research, with advisers calling the
move a clear signal that science — not political ideology — will guide the
administration. Obama was to sign an executive order on stem cells and memo
on science Monday in an East Room ceremony, a long-promised move that
would fulfill a campaign promise. Advisers said it was part of a broader
declaration on science that would guide the administration's policies on matters
ranging from renewable energy to climate change.
President Barack Obama says human cloning is "dangerous, profoundly wrong"
and has no place in society. Obama made the comments as he was signing an
executive order that will allow federal spending on embryonic stem cell research.
Some critics say the research can lead to human cloning. Obama said the
government will develop strict guidelines for the research because misuse or
abuse is unacceptable. He said he would ensure that the government never
opens the door to the use of cloning for human reproduction.
Merck & Co. is buying Schering-Plough Corp. for $41.1 billion in stock and cash
in a deal that gives the companies more firepower to compete in a drug industry
facing slumping sales, tough generic competition and intense pricing pressures.
A suicide bomber struck Sunni and Shiite tribal leaders touring a market after a
reconciliation meeting west of Baghdad on Tuesday, killing 33 people in the
second major attack in the capital area in two days.
to 11 criminal counts including
money laundering, perjury and
securities, mail and wire fraud
and will do so without a plea
deal, knowing it carries a
potential prison term of 150
years, lawyers said Tuesday in
court. Lawyers outlined the plea
arrangement for the 70-year-old
former Nasdaq chairman that
was set to unfold later this week
after Madoff waived several
potential conflicts of interest
between Madoff and his lawyer, Ira Sorkin.
Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty
Week of March 8, 2009
Thursday to pulling off perhaps the biggest swindle in Wall Street history and was
immediately led off to jail in handcuffs after his seething victims applauded in the
Embattled Citigroup Inc. surprised Wall Street with news that the bank company
has operated at a profit in the first two months of the year. But despite the upbeat
news, Congress and the Fed continue to review strategies for dealing with a
further deterioration of the troubled global banking giant.
A 17-year-old gunman dressed in black opened fire at his former high school in
southwestern Germany , killing at least 15 people before police shot him dead,
officials said. Nine students and three teachers were among the dead, State
Interior Minister Heribert Rech said. It was Germany's worst shooting since
another teenage gunman killed 16 people and himself in another high school in
Another shooting spree - this one in Alabama - Police say Michael McLendon of
Kinston went on a two county rampage before turning the gun on himself. The
Coffee County coroner said McLendon started his day off with bloodshed at the
Kinston area home owned by his mother; a home he ended up burning to the
ground. The mother's body was still inside the house Tuesday evening,
but Coroner Robert Preachers said officials had not been able to enter the
house to determine if she was shot. It's also believed McClendon's girlfriend was
killed inside the home. The death toll now stands at 12, including the gunman.
Others citizens and law enforcement officers were wounded as McClendon drove
though town firing shots at anyone in his path.
Weekly radio address - President Obama says the nation's decades-old food
safety system is a "hazard to public health" and in need of an overhaul, starting
with the selection of a new head of the federal Food and Drug Administration.
He announced the nomination of former New York City Health Commissioner
Margaret Hamburg as FDA commissioner, and his choice of Baltimore Health
Commissioner Joshua Sharfstein as her deputy.
CNBC “Mad Money” host Jim
Cramer appears on Jon Stewart’s
Comedy Central Daily Show.
Stewart - for good reason,
trashed a lot of the CNBC air
talent for being irresponsible.
Stewart has charged that people
at CNBC knew what was going
Week of March 8, 2009
on behind the scenes on Wall Street but didn't tell the public. He has accused
CNBC anchors and pundits of abandoning their journalistic duties and acting like
cheerleaders for the market. This appearance was highly touted in the media and
Stewart had a nice ratings bump.
Singer and actress Ashlee Simpson is
the latest star said to be headed to the
newly renovated "Melrose Place."
Ashlee will reportedly play a fresh faced
small-town girl named Violet, who has a
dark "calculating, shrewd sex kitten
within," according to the mag - which
bears a striking resemblance to the
show's original good-girl-gone-bad,
Sydney, played by Laura Leighton.
get a work visa to travel to the United
States in time to perform at a leading
music festival because she was charged
with assault last week. Winehouse, 25,
had been expected to perform at the
annual Coachella festival in California,
where she was due to join acts including
Paul McCartney and The Killers. According to the festival website, she was down
to sing on April 18.
Trends - Media companies and people with camcorders and spare time — the
drivers of popular online sites including Hulu.com and YouTube— are starting to
face tough new competition for the attention of Web users who like to watch
Businesses, colleges and institutions are leaping into online video production as
the audience for clips soars and production and distribution costs plummet.
, the child singer and actor best
known for the original rendition of the Christmas novelty hit
"I Saw Mommy Kissing Santa Claus" in 1952, has died. He
was 70. "I Saw Mommy" shot to the top of the Billboard
charts three weeks after it was released. It sold 2 million
records in less than 10 weeks. It has since been interpreted
by such artists as the Jackson 5, John Mellencamp and
Week of March 8, 2009
A Yale University student from Ohio has filed a lawsuit seeking $1 million from
US Airways for a video game console he says was taken from his luggage.
Twenty-one-year-old Jesse Maiman alleges that during a flight from New Haven,
Connecticut, to Cincinnati in December, his Xbox 360 with a specialized hard
drive disappeared from his luggage.
Poison frontman Bret Michaels promises to tell all when he publishes his
autobiography, "Roses and Thorns: The Rock 'n' Roll Fantasy to My Reality." "It
will give people the untold story," Michaels tells Billboard.com of the Simon &
Schuster book, which hits shelves in June. "It gives you the sex, the drugs, the
rock 'n' roll, but it also gives you the diabetes. It gives you every aspect of my life
and what I'm going through. I think it's pretty frank. It's honest. It's at times self-
deprecating. It's about what happens when you try to live out your dream and the
reality of it all sets in and it's the hardest and the strangest thing you will ever
Beverly Hills Police Department is confirming
a warrant was in fact issued [March 13] for
the arrest of
. The $50,000
warrant issued by the Beverly Hills Superior
Court stems from a May 2007 arrest of Miss
Lohan for DUI and hit-and-run. The
circumstances leading to the issuance of the
warrant by the court are not readily available
at this time. It is our hope that Miss Lohan will
surrender herself so that this matter will be
resolved in a timely manner."