- A giant crane is set to pull out the US Airways jet that crashed into the Hudson River yesterday. Investigators will look into how the plane went down and perhaps how all 155 passengers survived.The pilot and crew are being hailed as heroes. — AP
- The Senate voted yesterday to release the second half of the $700 billion bailout to soon-to-be President Obama. It was a big political win for the incoming president. —Boston Globe
- Communities around the country, including Oakland, CA, celebrated Martin Luther King's 80th birthday yesterday. — Oakland Tribune
- Pakistan formally informed India of the actions it has taken to address the Mumbai terrorist attacks today, hoping to ease tensions. The US says that Pakistan's investigation is a promising start. — Reuters
- Bank of America will receive $20 billion of taxpayer money. The second bailout will make the government the bank's largest shareholder. — International Herald Tribune
Oli
Great news week this week! Next week proves to be even better!
1That pilot is a hero..along with the crew!
Its amazing how everyone was safe (including an infant).
I think I'll postpone that trip to Miami in febuary..eek.
2I really commend the commuter ferries that rushed to the scene and the pilot for his amazing landing. I am really happy everyone made it safely.
3The footage of that rescue was mesmerizing! My 7 year old and I watched it with jaws agape. Wonderful end to what could have been a truly tragic story.
4"The Senate voted yesterday to release the second half of the $700 billion bailout to soon-to-be President Obama. I was a big political win for the incoming president. "
5Why was this a big political win?
Well UnDave if you read the article it was a win for Obama because a lot of Congress is still against the package and unhappy with how the money has been used thus far. It was a win because many voted to release the money after reassurances from Obama's financial team that the money would be spent differently and more wisely.
Here is an excerpt:
The Senate battle revealed a lingering, deep divide over the use of the financial rescue funds, turning at times into a debate over how wisely the Bush administration spent the first $350 billion. Senator Barbara Boxer, a California Democrat, spoke for many members of her party when she said, "If the Bush administration was going to continue to dole out this money, I wouldn't give them $3."
But she said that Obama has assured her that "he is going to use these funds in a different way," such as forestalling home foreclosures. "I feel he deserves my trust," she said.
6"Pakistan formally informed India of the actions it has taken to address the Mumbai terrorist attacks today, hoping to ease tensions."
Well, that's a start.
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