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  • Generals have been publicly criticized for their handling of the conflict with Kurd separatists, and at least three former officials have been accused of ties to a group accused of plotting to overthrow the government. The army has long been considered a sacred institution.
  • Federal Reserve Chairman Ben Bernanke said he supports a new stimulus plan from Congress to blunt the blow the financial crisis has dealt the U.S. economy. Bernanke said weakness could last "some time" unless the economy gets a financial shot in the arm.
  • The Bush administration unveiled a historic plan aimed at restoring confidence in the financial system and blunting further damage to the economy. The government plans to spend about $250 billion to buy equity stakes in banks and will guarantee new bank debt for the next three years.
  • Lock Them Both In The Trunk
  • President Bush signed a $700 billion financial bailout package Friday, shortly after the U.S. House passed the rescue measure. The action paved the way for the government to start buying up troubled assets from financial institutions caught on the wrong side of record home foreclosures.
  • The proposal to rescue financial services firms by buying up their toxic holdings started out as a three-page bill. The version passed by the Senate, adding several provisions aimed at winning approval, was 450 pages. House leaders say they now expect the bill to pass Friday.
  • There's growing criticism in Europe over the failure of the U.S. Congress to pass measures to stabilize the financial markets. Meanwhile, European governments were forced to take more steps to rescue banks and stabilize markets on Tuesday.
  • In a shocking defeat that rocked Wall Street, the House of Representatives voted down a $700 billion plan aimed at rescuing banks and freeing up credit. The Dow Jones industrial average recorded its biggest closing point drop in history, closing down 777.68 points.
  • Treasury Secretary Henry Paulson is more than just the man of the moment. He's likely the man who'll get the credit or the blame — depending on what happens with the economy. Paulson is the chief architect of the government's $700 billion bailout plan. One friend says Paulson is actually better under pressure.
  • It would be refreshing to hear how McCain and Obama plan on implementing their views on women's rights in perhaps the most high profile, high stakes arena where our country is currently involved: Iraq.
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