GEORGE W. BUSH

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Credit worries send stocks tumbling

Stocks tumbled on Thursday, with the Dow and S&P down nearly 3 percent, after a French bank froze three funds that invested in U.S. subprime mortgages, prompting central banks to take steps to calm investors. Evidence the U.S. mortgage market crisis was having a global impact and spreading to other markets hammered financial stocks.

Central banks move to calm panicky money markets

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Major central banks swept in to calm credit markets spooked by mounting losses on Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.

Bush says 'hesitant' on private equity tax issue

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Proposed legislation that would boost taxes paid by wealthy private equity managers could have the unintended consequences of hurting small business partnerships as well, President George W. Bush said on Thursday.
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Shares swoon on subprime distress

Stocks fell sharply on Thursday as another shoe dropped in the U.S. subprime mortgage sector meltdown, causing investors to flee riskier assets for the relative safety of government bonds. Stocks added to their declines after the Wall Street Journal reported a second Goldman Sachs Group Inc. hedge fund was suffering losses and was selling its positions.
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Congress ties Pakistan aid to terrorism progress

Congressional negotiators have agreed on legislation that would tie U.S. aid to Pakistan to significant progress by Islamabad in cracking down on al Qaeda, the Taliban and other militants, congressional sources said on Thursday.
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Edwards proposes repeal of some Bush tax cuts

Democrat John Edwards said on Thursday if elected president he will try to rewrite the U.S. tax code, repealing tax breaks for wealthier Americans and funneling some of the money to low-income families.
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U.S., India say substantial progress in atomic talks

The United States and India said on Friday they made substantial progress in negotiations on a landmark nuclear cooperation agreement, and one U.S. official told Reuters the long-delayed deal was effectively done.
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Agriculture dependent on migrant workers

Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.
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U.S., India said still divided on nuclear deal

The United States and India remain divided over a controversial nuclear cooperation agreement despite three days of talks to finally close the deal, a U.S. official said on Thursday.
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Bush says no shift on Iraq until September

President George W. Bush admitted on Thursday his troop buildup in Iraq had made limited progress but said he would wait for a September security report before considering a change of course.
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House Democrats rebuff Bush on trade deals

U.S. House of Representatives Democratic leaders quashed White House hopes on Friday for quick renewal of fast track trade negotiating authority and said they cannot support trade pacts negotiated with South Korea and Colombia.
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U.S. company says grows embryo-safe stem cells

Researchers at a U.S. company trying to push the margins of stem cell research said on Friday they had grown human embryonic stem cells using a non-controversial method that did not harm the embryos.
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U.S. groups present divided view of South Korea pact

U.S. businesses painted dramatically different portraits of a new trade deal with South Korea on Wednesday, some touting lucrative sales opportunities and others charging the Bush administration had brought home an abominable deal for U.S. workers.
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Kennedy asks student lender cuts, shares climb

The chairman of the U.S. Senate education committee on Tuesday introduced legislation to cut government subsidies to student loan companies, but the cuts were milder than some expected and lender stocks rose.
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Venezuela's Chavez visits Castro

Venezuelan President Hugo Chavez visited convalescing Cuban leader Fidel Castro, his ideological mentor and ally, for six hours on Tuesday, Cuba's state television said.
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Bush Signs Ports Security Bill

President George Bush signed a new border protections bill into law on Friday which will establish a $400 million security grant program and regulate products entering and leaving the US. An unrelated provision also strengthens laws that in effect ban most types of online gambling.
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Online gaming in crisis over U.S. ban

Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values.
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Amid Privacy Backlash, Web Publishers Turn Inward

Technological changes and personal privacy have been at odds ever since modern notions of privacy emerged more than a century ago. Numerous mechanical devices threaten to make good the prediction that 'what is whispered in the closet shall be proclaimed from the housetops', wrote two Boston lawyers in 1890 in a seminal paper that articulated the modern right to be left alone that is the basis of U.S. privacy law.
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Mandelson: No New WTO Talks Until Nov.

High-level talks to jump start negotiations on a global trade agreement won't be possible until the end of the year or early next year, European Union Trade Commissioner Peter Mandelson said Monday.

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