Stuff to make you go back to bed – Today’s edition
· U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with the housing bust.
· President Mahmoud Ahmadinejad said Saturday that Iran now possesses 6,000 centrifuges, machines used to enrich uranium, the semi-official Fars news agency reported.
· The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.
· A handgun went off during a gang-related altercation at Aloha High School Wednesday evening, ending in the arrest of two brothers. Washington County sheriff’s deputies responded to a report of shots fired to find a number of people fleeing from the school. A K-9 officer tried to track …
· As much as 25 percent of cyclone relief aid in Myanmar is being lost because of the military government’s foreign exchange system, a United Nations official said Friday.
· Randy Pausch, a former Carnegie Mellon University computer scientist whose "last lecture" about facing terminal cancer became an international sensation, died Friday. He was 47
· Government data show sales of new homes fell in June for the seventh time in the past eight months in further evidence that the nation is still in the grips of the worst housing slump in decades.
· A group of men armed with bats and iron bars attacked a center for political asylum-seekers in southern Norway, leaving more than 20 people injured, the facility’s director said Friday.
· Of 22 major financial institutions contacted, 17 (that’s 77 percent) said they reserve the right to increase a cardholder’s interest rates at any time and for any reason.
· A newborn baby girl died after being thrown from a third-story window in the Polish capital, apparently by a drunken relative, police said Tuesday.
· A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress’ top budget analyst said Tuesday.
· Growing number of casualties and the resurgence of the Taliban and its anti-American allies has prompted vows by President Bush and his aspiring successors to send more U.S. troops to the country
· Pfizer Inc on Wednesday said second-quarter earnings more than doubled on higher sales of its prescription drugs, lower expenses and overseas sales that were boosted by the weak dollar.
· A woman has been charged with murder and attempted murder in a hammer attack in Sweden that left two toddlers dead and their mother seriously injured.
· President George W. Bush has an explanation for the housing-market meltdown that has thrown the global economy into turmoil: Wall Street got drunk.
· The latest NBC News/Wall Street Journal poll finds a majority of Americans think Barack Obama is a riskier choice for the presidency, but he’s still leading Republican John McCain.
· Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles.
· Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.