News Selected By World News Trust Editors
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Behind TV Analysts, Pentagon's Hidden Hand (David Barstow)
In the summer of 2005, the Bush administration confronted a fresh wave of criticism over Guantanamo Bay. The detention center had just been branded “the gulag of our times” by Amnesty International, ...
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California Unemployment Hits 6.2%; Worse than Ohio, Pennsylvania (Marc Lifsher)
SACRAMENTO — California's unemployment rate rose by a whopping half a percentage point in March, reaching 6.2% as a weakening economy shed jobs in the ailing construction and financial activities ...
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Fed Sees Weakening US Economy, Rising Prices (Reuters)
(Reuters) -- Economic conditions are weakening across much of the United States at the same time food, fuel and raw material prices are increasing, the Federal Reserve said.
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WaMu Cites Housing Woes for $1.1B loss (David Ellis)
NEW YORK (CNNMoney.com) -- Washington Mutual on Tuesday blamed continued troubles in the housing market for its previously reported $1.1 billion quarterly loss, adding that it has wrapped up its ...
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Windows is 'Collapsing,' Analysts say (CBC)
April 11, 2008 (CBC News) -- Windows is "collapsing" and Microsoft Corp. must make radical changes to the way it does business if it wants to remain viable, according to a pair of Gartner analysts. ...
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New 'Best Practices' Urged for Giant Hedge Funds (Martin Crutsinger)
WASHINGTON - Two advisory groups assembled by the Bush administration proposed new "best practices" Tuesday for the hedge fund industry, designed to improve and clarify the operations of the giant ...
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US Foreclosure Filings Jump in March (J.W. Elphinstone)
The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys and ...
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Food and energy costs lead wholesale prices to soar in March (Martin Crutsinger)
WASHINGTON - Inflation at the wholesale level soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly.
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Oil and Food Rises Stoke Inflation Fear (Michael M. Grynbaum)
Businesses continued to grapple with steep inflation last month as oil and food costs reached record highs, leaving Federal Reserve policymakers in a difficult spot ahead of their meeting later this ...
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Retailing Chains Caught in a Wave of Bankruptcies (Michael Barbaro)
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake ...
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Central Bankers Say Crisis Not Over, Urge Regulation (Gonzalo Vina, Alison Fitzgerald)
April 12 (Bloomberg) -- Federal Reserve and European Central Bank officials said the eight-month credit squeeze is still festering and urged financial firms to speed disclosure of losses and improve ...
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