The aftermath of the first run on a British bank for 150 years ended yesterday as Chancellor Alistair Darling announced that the beleaguered Northern Rock was to be nationalised.
Crooked Timber: Here comes the big one
A suicide car bomber targeting a Canadian military convoy detonated his explosives at a busy market in southern Afghanistan on Monday, killing 35 civilians and wounding three Canadian soldiers.
A number of EU countries led by Germany were expected to formally recognise Kosovo as an independent state today.
Chris Floyd: Arthur Schlesinger and the Willing Executioners of Democracy
New Hampshire will become the latest state to keep payday lenders from gouging their patrons. A measure passed by the legislature will cap interest rates on payday loans at 36%, a drastic change for an industry used to bludgeoning underbanked consumers with interest rates exceeding 500%. Payday borrowers spend an average of $793 trying to repay a $325 loan. Let's see how the economic leeches spin this as a loss for consumers.
The U.S. Department of Agriculture ordered a recall of 143 million pounds of beef Sunday evening from Chino-based Westland/Hallmark Meat Co., which is the subject of an animal-abuse investigation. The recall affects beef products dating back to Feb. 1, 2006 that came from the company.
Village Voice, C-VILLE Weekly
Feb 18, 2008
The painting that illustrated one of the most famous album covers in pop history is to be sold at auction.