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Russia has formally recognized the breakaway Georgian territories of Abkhazia and South Ossetia, which were at the heart of the recent war with Georgia. President Dmitri Medvedev said Georgia forced Russia's hand by trying to seize control of South Ossetia.

The housing market may be in a downward spiral, but it's a buyer's market for many deal seekers in California. Yet for first-time buyers, the path to home ownership can still be rocky.

The Democratic National Convention was gaveled to order Monday in Denver. The convention gives Barack Obama an opportunity to reassure voters about his values and readiness to be president. That task began Monday when an ailing Ted Kennedy passed the torch to Obama, and then Michelle Obama spoke about her husband.

Democratic delegates in Denver are preparing to nominate Barack Obama as their presidential candidate. But before that can happen, Hillary Clinton's name will be placed alongside Obama's in a roll call. Clinton has asked her candidates to back Obama.

President Medvedev signed a decree Tuesday recognizing the independence of two breakaway regions of Georgia. The Bush administration is not happy with Russia's decree. U.S. Secretary of State Condoleezza Rice called the move "regrettable."

Hurricane Ike is storming toward the Gulf Coast of Texas — home to a quarter of the nation's oil refining capacity. As refineries shut down in anticipation of the storm, wholesale gasoline prices have shot up, despite crude oil prices falling to their lowest level in more than five months.

The first of three major Sept. 11 remembrance sites was dedicated Thursday outside of Washington. The Pentagon Memorial is a two-acre park built along the path of the American Airliner that crashed into the building, killing 184 people.

Ike is churning toward the Gulf Coast of Texas. Storm surge and extreme flooding as far north as Houston are major threats. Mark Fox, a meteorologist with the National Weather Service, says the storm surge will likely be as bad as those caused by Hurricane Katrina.

Officials in Atlantic City like to boast that the New Jersey vacation spot is within a day's drive for a third of the U.S. population. But that fact isn't translating into booming business this summer. From souvenir stands on the boardwalk to the casinos and hotels, high gas prices and the soft economy are taking a toll.

Following the controversy over shoddy care at Walter Reed Army Medical Center and other hospitals, the Army has changed the way it treats injured soldiers like Sgt. Scott Metcalf. Still, problems such as shortages of trained staff remain.