US Federal Reserve prepares to take over AIG

Posted on

Wednesday, September 17, 2008 The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company. A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of […]

US stock markets reach 12-year lows

Posted on

Thursday, March 5, 2009 US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating. The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of […]

United States: Berkeley, California declares itself a sanctuary city for recreational cannabis

Posted on

Friday, February 16, 2018 On Tuesday, the city council of Berkeley, California adopted by unanimous vote a resolution declaring their city a “sanctuary” for adult recreational cannabis use and sale. The resolution by the Berkeley council “declared [the City of Berkeley] to be a sanctuary for recreational cannabis customers, providers, and landlords.” The resolution bars […]

Toyota to suspend sales of Lexus GX 460 over new safety fears

Posted on

Wednesday, April 14, 2010 Japanese auto maker Toyota is to temporarily suspend sales of its luxury Lexus GX 460 SUV following an unfavorable verdict from Consumer Reports, which concluded “Don’t Buy: Safety Risk,” the first such warning in almost a decade. After conducting its standard emergency handling tests on the 2010 version of the Lexus […]

Conductor Jeffrey Tate dies aged 74

Posted on

Monday, June 5, 2017 Conductor Sir Jeffrey Tate died on Friday. He was born on April 28, 1943 in Salisbury, England with spina bfida and kyphosis. Tate moved with his family to Farnham, Surrey and attended school there. Despite his disabilities, he achieved a four-decade career conducting operatic and symphonic music, following a medical degree […]

Bush: Congress should approve ‘vital’ bill

Posted on

Sunday, February 17, 2008 Speaking in his radio address on Saturday, George W. Bush said that the US will lose its ability to carry out surveillance against suspected terrorists abroad as the US Congress did not approve a renewal of the law which allows the US Intelligence agencies to record phone calls without a warrant. […]

Triathletes from Belgium and Luxembourg compete in championship race

Posted on

Monday, August 20, 2007 In the hills of Weiswampach, Luxembourg yesterday, the 12th International Wämper Triathlon became the setting for the national championship Olympic distance (1,5 km swimming, 40 km cycling, 10 km running) triathlon for both Belgium and Luxembourg. The Belgian championship was scheduled to take place in Vilvoorde, Belgium, but because the concentration […]