Peace. President Bush mapped out his peace treaty plan for Israel and Palestine Thursday, calling for redrawn borders and compensation for Palestinians and their their descendants for homes they left in what is now Israel, The New York Times reports.
South Carolina. The first post-New Hampshire Republican debate here was a fight over President Reagan’s ghost. Sen. John McCain, riding high after his primary win, and Mitt Romney, sullen after his lost, went at each other pretty good over immigration, the economy and Reagan’s legacy, according to The Wall Street Journal.
Bankers (of America). BoA, the largest U.S. bank by market value, bought up Countrywide Financial Corp. for about $4 billion, Bloomberg reports. The sale comes about five months after BoA sunk $2 billion into the unprofitable mortgage lender.
Possessed. A southeast woman accused of killing her four daughters, ages 5, 6, 11 and 17, told police that they were "possessed by demons" and had been dead for four months when marshals found their bodies in her house, The Washington Post reports. A woman who was in a cell block with Banita Jacks yesterday told the Post she "smelled like death" and said Jacks admitted to killing her children.