Government Bailout: Federal officials unveiled an unprecedented program Sunday that would allow beleaguered mortgage giants Fannie Mae and Freddie Mac to borrow money from the Federal Reserve. The program would also enable the government to invest directly in the firms if conditions worsen, The Washington Post reports.
Genocide in Sudan: International Criminal Court prosecutor Luis Moreno-Ocampo has requested an arrest warrant for Sudanese President Omar Hassan al-Bashir on charges of genocide and crimes against humanity committed in the Darfur region over the past five years, The New York Times reports. The arrest warrant marks the first time the ICC has brought charges against a sitting head of state.
Exxon Valdez Lawsuit: The Supreme Court has asked Exxon to respond to a recent filing by the plaintiffs in the Exxon Valdez oil spill lawsuit about whether they may collect interest on the $500 million award they were granted by the Supreme Court in June, The National Law Journal reports via Law.com. The Alaskan fishermen, families and others who filed suit against Exxon were devastated last month when their $2.5 billion-punitive damages award for was cut to roughly $500 million.
The Spy Who Got Caught: Atul Malhotra, a former IBM executive, pleaded guilty to stealing trade secrets from the company and sending them to two Hewlett-Packard vice presidents via e-mail, The Wall Street Journal reports. Malhotra faces a maximum of 10 years in prison, a $250,000 fine and three years of supervised release.
Comments