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 12-6-07

Interest rates will freeze for some homeowners who took out a sub-prime mortgage and are now near forclosure. Washington Post

The U.S. Supreme Court reviews whether detainees at Guantanamo Bay are being held there lawfully? USA Today

At the Climate Change Conference in Bali, participants are focusing on the nearly half of the 36 signatory nations to the Kyoto agreement who are failing to meet their targets for the treaty. Reuters