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Ferraro quits Clinton campaign after Obama remarks (U.S., 52 articles)
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Ferraro's initial comments about race and the Illinois senator's success were attacked by the Obama campaign, creating another issue in a tight race for the Democratic presidential nomination. The Obama campaign says it will not accept the two January results because Obama was not on the ballot in Michigan and did not campaign in Florida. Obama on Wednesday said he did not believe " there is a directive in the Clinton campaign saying, Let's heighten the racial elements in the campaign. After repeated requests from The Associated Press for that information, Obama's presidential campaign said Thursday night that he made no other extra spending requests during the rest of his legislative career. The Clinton campaign confirms Geraldine Ferraro has stepped down from her role on the finance committee of Sen. Hillary Clinton's presidential campaign after making racially charged remarks about Sen. Barack Obama. PHILADELPHIA - The Democratic presidential contest was jolted Tuesday by accusations surrounding race and gender, set off by remarks by Geraldine Ferraro, the former congresswoman and vice-presidential candidate, who said Sen. Barack Obama had received preferential treatment because he is black. Obama won roughly 90 percent of the black vote in Mississippi on Tuesday, but only about one-quarter of the white vote.
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New York Gov. Eliot Spitzer linked to prostitution ring (U.S., 35 articles)
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Paterson, the Democratic lieutenant governor who officially takes over the state's top office on Monday following Spitzer's resignation on revelations he patronized prostitutes, faces an April 1 deadline for the state's $124 billion budget. A law enforcement official said Spitzer's high-powered defense team was believed to be negotiating a plea deal with prosecutors over his connection to a high-end prostitution ring, but attorneys were not commenting Thursday about the discussions. " David is extremely intelligent, charming and witty, and enjoys the goodwill of people in both parties said state Sen. Martin Connor, the Democrat Paterson knocked off as Senate minority leader in 2002.
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US Treasury Secretary Henry Paulson urges banks to bolster finances after Carlyle Capital Corporation collapses (Finance, 12 articles)
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Henry Paulson urged Wall Street banks yesterday to raise new capital rapidly to shore up their finances as a $22 billion ($10.8 billion) investment fund collapsed, marking one of the worst casualties of the credit crisis. Panicking investors snapped up gold yesterday as the price rose to more than $1,000 per ounce for the first time amid escalating fears of the global credit crisis. David Rubenstein on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago.
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Beijing tries to assure smooth ascent of Olympic torch as Tibetan exiles plan protest (World, 11 articles)
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Soldiers and police have been deployed around two Buddhist monasteries in the Tibetan capital of Lhasa where monks launched protests against Chinese rule earlier this week, witnesses and residents said Thursday. A man who answered the phone at the Sera monastery said monks have been confined inside its walls, shut off from outside contact, and are relying on dwindling food supplies. Police in India have detained more than 100 Tibetan refugees who were trying to march to the Chinese border in protest against China hosting the Olympics.
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Oil prices advance to record highs as U.S. dollar weakens, attracting new investment (Finance, 13 articles)
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Other commodities traded mostly higher, with crude oil rising to a new trading record above $110 and wheat futures advancing sharply as well. Many analysts believe the greenback's decline is the reason crude futures have surged to new records in 11 of the past 12 sessions, despite the fact that crude supplies have risen 10.2 percent since early January. Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is weak.
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blaster@cs.columbia.edu
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