Tag: Weekend News Digest

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.

Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.

Simply letting the Big Three collapse was not an option amid a recession, housing slump and financial credit crunch, Bush said in announcing the short-term loans and demanding tough concessions from the automakers and their employees.

“By giving the auto companies a chance to restructure, we will shield the American people from a harsh economic blow at a vulnerable time,” the president said in his Saturday radio address. “And we will give American workers an opportunity to show the world once again that they can meet challenges with ingenuity and determination, and emerge stronger than before.”

The Bush administration is considering ways to provide emergency aid to General Motors Corp. and Chrysler LLC, which have said they could run out of cash within weeks without government help.

White House officials said they did not expect an announcement on any funding for the companies on Sunday or Monday. President George W. Bush made a surprise visit to Iraq on Sunday.

Even with the mandate in the recently approved U.S.-Iraq security agreement, there have been suggestions some troops would not leave urban areas. But Gen. Raymond Odierno was the first military leader to acknowledge some forces would remain at local security stations, as training and mentoring teams.

“We believe we should still be inside those after the summer,” he said the sprawling U.S. base in Balad, north of Baghdad before welcoming Defense Secretary Robert Gates on a brief visit.

Efforts to tighten government regulation were gaining support on Capitol Hill, and Freddie Mac was fighting back. The baseball tickets for home opener were means of influence.

According to confidential company documents obtained by The Associated Press, Reps. Bob Ney, R-Ohio, and Paul Kanjorski, D-Pa., spent the evening in hard-to-obtain seats near the Nationals dugout with Freddie Mac executive Hollis McLoughlin and four of Freddie Mac’s in-house lobbyists.

According to lawyers for the guards, the men are: Donald Ball, a former Marine from West Valley City, Utah; Dustin Heard, a former Marine from Knoxville, Tenn.; Evan Liberty, a former Marine from Rochester, N.H.; Nick Slatten, a former Army sergeant from Sparta, Tenn.; and Paul Slough, an Army veteran from Keller, Texas.

The men are charged following the shooting of 17 Iraqi civilians in a busy Baghdad intersection. Documents in the case remain sealed but are expected to become public Monday, when the men have been ordered to surrender.

Educators reacting to the findings questioned any suggestion that today’s young people are less honest than previous generations, but several agreed that intensified pressures are prompting many students to cut corners.

“The competition is greater, the pressures on kids have increased dramatically,” said Mel Riddle of the National Association of Secondary School Principals. “They have opportunities their predecessors didn’t have (to cheat). The temptation is greater.”

Facing prospects that one in five of the 101st Airborne Division soldiers will suffer from stress-related disorders, the base has nearly doubled its psychological health staff. Army leaders are hoping to use the base’s experiences to assess the long-term impact of repeated deployments.

The three 101st Airborne combat brigades, which have begun arriving home, have gone through at least three tours in Iraq. The 3rd Brigade also served seven months in Afghanistan, early in the war. Next spring, the 4th Brigade will return from a 15-month tour in Afghanistan. So far, roughly 10,000 soldiers have come back; the remainder are expected by the end of January.

But the 21 leaders, who represent more than half the world’s economic power, offered few details of their recovery plan. The biggest accomplishment of the two-day summit was broadening support for the Washington Declaration made last weekend by major economies, pledging to maintain free trade despite domestic pressures.

“We are convinced that we can overcome this crisis in a period of 18 months,” the leaders of the Asia-Pacific Economic Cooperation forum said. “We have already taken urgent and extraordinary steps to stabilize our financial sectors and strengthen economic growth.”

Ram Bahadur Bamjan, 18, reappeared on Nov. 10 after several months of meditation to bless thousands of his followers, speaking to them on at least two occasions.

He made his last appearance on Friday and then returned to the jungle to meditate, said Biswo Prakash Newpane, a government administrator in the area. It was not clear when he would return again.

Confirmation of the suspension came as U.S.-led coalition troops reported killing 30 insurgents in fighting in southern Afghanistan and detaining two militant leaders – both in provinces near Pakistan’s lawless border.

Al-Qaida and Taliban fighters are behind much of the escalating violence along the lengthy, porous Afghan-Pakistan border, and both nations have traded accusations that the other was not doing enough to keep militants out from its side.