Month: October 2008

By JEANNINE AVERSA, AP Economics Writer WASHINGTON (AP) – The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again. The Fed’s new program, called the Money Market Investor Funding Facility, will be

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there’s a risk the country’s economic weakness could last for some time. Bernanke’s remarks before the House Budget Committee marked his first endorsement of another round of energizing stimulus, something that Democrats on

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there’s a risk the country’s economic weakness could last for some time. Bernanke’s remarks before the House Budget Committee marked his first endorsement of another round of energizing stimulus, something that Democrats on

NEW YORK (AP) – Wall Street is up sharply in early trading as global credit markets are showing signs of easing. One of the signs: a big drop in the bank-to-bank lending rate known as Libor. After two weeks of extreme volatility on Wall Street, investors are hoping that an improvement in the credit markets

NEW YORK (AP) – Wall Street is up sharply in early trading as global credit markets are showing signs of easing. One of the signs: a big drop in the bank-to-bank lending rate known as Libor. After two weeks of extreme volatility on Wall Street, investors are hoping that an improvement in the credit markets

McALLEN, Texas (AP) – Starr County commissioners on Monday accepted the resignation of a South Texas sheriff indicted on drug trafficking charges and a federal judge ordered him held without bond. Sheriff Reymundo Guerra, arrested last week by FBI agents at his Rio Grande City office, submitted his resignation over the weekend, said his attorney

McALLEN, Texas (AP) – Starr County commissioners on Monday accepted the resignation of a South Texas sheriff indicted on drug trafficking charges and a federal judge ordered him held without bond. Sheriff Reymundo Guerra, arrested last week by FBI agents at his Rio Grande City office, submitted his resignation over the weekend, said his attorney

WASHINGTON (AP) – Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums – perhaps by putting more money in Americans’ pockets. The White House said Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could

WASHINGTON (AP) – Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums – perhaps by putting more money in Americans’ pockets. The White House said Monday that President Bush was open to some sort of action after Federal Reserve Chairman Ben Bernanke warned the slump could

MIAMI (AP) – The wife of a Florida congressman embroiled in an adultery scandal filed for divorce Monday. U.S. Rep. Tim Mahoney admitted last week to having at least two affairs, including with an aide he paid off to keep her quiet about their relationship. His wife, Terry Mahoney, did not comment on seeking the

MIAMI (AP) – The wife of a Florida congressman embroiled in an adultery scandal filed for divorce Monday. U.S. Rep. Tim Mahoney admitted last week to having at least two affairs, including with an aide he paid off to keep her quiet about their relationship. His wife, Terry Mahoney, did not comment on seeking the

HOUSTON (AP) – Gov. Rick Perry has ordered a lockdown of Texas prisons and a search of all inmates after a cell phone was confiscated today from a condemned killer. Investigators allege Richard Tabler’s mother bought minutes for the cell phone, which he used to call a legislator and make threatening remarks about the lawmaker’s

HOUSTON (AP) – Gov. Rick Perry has ordered a lockdown of Texas prisons and a search of all inmates after a cell phone was confiscated today from a condemned killer. Investigators allege Richard Tabler’s mother bought minutes for the cell phone, which he used to call a legislator and make threatening remarks about the lawmaker’s

A Dona Ana County Sheriff’s deputy escaped serious injury during a routine traffic stop on Interstate 10 near Anthony Sunday morning. At around 7:45am, DeputyDason Allen, who was returning to his patrol car after conducting a traffic stop, spotted a westbound truck approaching on Interstate 10 near the 162 Mile Marker. The deputy noticed that

A Dona Ana County Sheriff’s deputy escaped serious injury during a routine traffic stop on Interstate 10 near Anthony Sunday morning. At around 7:45am, DeputyDason Allen, who was returning to his patrol car after conducting a traffic stop, spotted a westbound truck approaching on Interstate 10 near the 162 Mile Marker. The deputy noticed that

EL PASO — Presa Elementary School in the Lower Valley went on lockdown Monday afternoon after receiving rumors of a person with a gun in the area, Ysleta ISD spokeswoman Patricia Ayala said. Police responded to the situation and found the threat to be a false alarm. It is ABC-7’s policy not to cover unsubstantiated

EL PASO — Presa Elementary School in the Lower Valley went on lockdown Monday afternoon after receiving rumors of a person with a gun in the area, Ysleta ISD spokeswoman Patricia Ayala said. Police responded to the situation and found the threat to be a false alarm. It is ABC-7’s policy not to cover unsubstantiated

El Paso County Sheriff’s deputies arrested one man after a high-speed motorcycle chase Sunday evening. Around 7:30pm Sunday, deputies were on patrol in the area of the 7200 Block of Doniphan in Canutillo. They spotted two sport bike motorcycles speeding southbound on Doniphan Road. Both motorcyclists disregarded attempts by deputies to pull over and continued

El Paso County Sheriff’s deputies arrested one man after a high-speed motorcycle chase Sunday evening. Around 7:30pm Sunday, deputies were on patrol in the area of the 7200 Block of Doniphan in Canutillo. They spotted two sport bike motorcycles speeding southbound on Doniphan Road. Both motorcyclists disregarded attempts by deputies to pull over and continued

ANTHONY, Texas — El Paso County Sheriff’s deputies arrested three over the weekend in connection with a fight in an Anthony parking lot, sheriff’s officials said. About 1:50 a.m. Saturday, deputies saw several individuals fighting in a parking lot in the 100 block of North Main in Anthony, Texas. Deputies arrested a man allegedly holding

ANTHONY, Texas — El Paso County Sheriff’s deputies arrested three over the weekend in connection with a fight in an Anthony parking lot, sheriff’s officials said. About 1:50 a.m. Saturday, deputies saw several individuals fighting in a parking lot in the 100 block of North Main in Anthony, Texas. Deputies arrested a man allegedly holding

NEW ORLEANS (AP) – A national activist group’s board of directors has voted to withdraw a lawsuit over allegations that the founder’s brother embezzled nearly $1 million. The embezzlement case has set off a power struggle inside the Association of Community Organizations for Reform Now at a time when its voter registration practices have come

NEW ORLEANS (AP) – A national activist group’s board of directors has voted to withdraw a lawsuit over allegations that the founder’s brother embezzled nearly $1 million. The embezzlement case has set off a power struggle inside the Association of Community Organizations for Reform Now at a time when its voter registration practices have come

On last night’s ABC XTRA you had a call from a “Mark” who identified himself as a contractor on the Westside who earned between $260,000 and $280,000 whose story sounded suspiciously like that of “Joe the Plumber.” His threat to close his company if his taxes were increased hardly passed the believability test. Did anyone

On last night’s ABC XTRA you had a call from a “Mark” who identified himself as a contractor on the Westside who earned between $260,000 and $280,000 whose story sounded suspiciously like that of “Joe the Plumber.” His threat to close his company if his taxes were increased hardly passed the believability test. Did anyone

By MONIKA SCISLOWSKA Associated Press Writer WARSAW, Poland (AP) – Former Polish President Lech Walesa on Monday presented a new autobiography that he hopes will put to rest allegations he served as a communist agent in the 1970s. “I want everything to be known, precisely,” Walesa – who denies that he agreed to collaborate in

By MONIKA SCISLOWSKA Associated Press Writer WARSAW, Poland (AP) – Former Polish President Lech Walesa on Monday presented a new autobiography that he hopes will put to rest allegations he served as a communist agent in the 1970s. “I want everything to be known, precisely,” Walesa – who denies that he agreed to collaborate in

WASHINGTON (AP) – The Supreme Court has agreed to decide whether people picked up on immigration violations also can face charges of identity theft if they use Social Security and other identification numbers that happen to belong to others. Federal prosecutors have increasingly been bringing the more serious identity theft charges against undocumented immigrants, including

CAPE CANAVERAL, Fla. (AP) – NASA pulled space shuttle Atlantis off the launch pad and sent it back to the hangar today. There, it’ll await its trip to the Hubble Space Telescope next year. Atlantis was originally scheduled to blast off this month on a mission to make various repairs and upgrade the telescope. But

CAPE CANAVERAL, Fla. (AP) – NASA pulled space shuttle Atlantis off the launch pad and sent it back to the hangar today. There, it’ll await its trip to the Hubble Space Telescope next year. Atlantis was originally scheduled to blast off this month on a mission to make various repairs and upgrade the telescope. But