Headlines For 7-14-08

The Bush Administration asks Congress to back Fannie Mae and Freddie Mac, while the Federal Reserve said the two companies can borrow directly from it. What does it mean? “The government [is] effectively the only lender for millions of Americans engaged in the largest transactions of their lives.” New York Times

From Russia (and China) with Love. The two countries veto Zimbabwe sanctions proposed by the U.N. Security Council. The West isn’t happy, especially since Russia agreed to impose sanctions at the G8 Summit. Telegraph Do sanctions actually work? BBC

This could be a bit of scare-mongering, but here’s a worst-case analysis of last week’s Iranian missile test. Economist And a profile of Iran’s president Mahmoud Ahmadinejad: (London) Times.

There were problems during the first weekend of the “Second Coming” of the iPhone. Fortune

This Bud’s for you! Anheuser-Busch, the U.S. beer leader, agrees to be bought by the Belgian-Brazilian company InBev. Wall Street Journal

Headlines For 12-13-07

Central banks in North America and Europe team up to hold off a recession as a result of the worsening global credit crisis. New York Times

No surprise here: The U.S. rejected guidelines at the Bali Climate Conference intended to cut greenhouse gases. (London) Times

U.S. track star Marion Jones has been stripped of her five Sydney 2000 Olympic Medals. AP/(Melbourne) Age