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Alexander Solzhenitsyn, A 'Man With A Mission'
The Nobel Prize-winning author whose books chronicled the horrors of the Soviet gulag system has died of heart failure. Alexander Solzhenitsyn was 89. NPR's Anne Garrels recalls a rare interview she had with Solzhenitsyn just after he was expelled from the Soviet Union in the 1970s.
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Feds: Scientist Acted Alone In Anthrax Attacks
Federal authorities have said Army scientist Bruce Ivins' guilt in the 2001 anthrax attacks could be proved beyond a reasonable doubt. At a news conference, they said Ivins was the only person responsible for the attack that killed five people.
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Little Cheer For Morgan, Goldman Amid Stock Yo-Yo
There has been no relief for Morgan Stanley and Goldman Sachs. Morgan's stock was down 43 percent at one point despite reports of ongoing talks with China Investment Corp., which already owns a nearly 10 percent stake in the investment bank.
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Several Factors Contribute To Dow's Decline
The Dow has fallen by nearly 450 points. A high London Interbank Offered Rate, the stock value of a money market fund that lost money in the Lehman Brothers collapse, and fears the government may be stretching itself too thin with the bailout of American Insurance Group may have all contributed.
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Fed Keeps Key Interest Rate Unchanged
The Federal Reserve kept its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent. It said, however, that strains in financial markets had "increased significantly."
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Gen. Petraeus Ends Time In Iraq With Handover
Gen. David Petraeus has handed over control of U.S. forces in Iraq to his longtime deputy, and headed back home where he will take charge of U.S. Central Command, with responsibility for the wars in both Iraq and Afghanistan.
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Who Will Fall Next?
First Bear Stearns, then Lehman Brothers; the woolly mammoths of the banking industry have been tumbling one by one. Goldman Sachs and Morgan Stanley are still standing, but for how long?
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Market Bailout Irks Congress
Some Republicans are miffed about all the financial decisions being made without consulting them. Democrat Barney Frank says the Fed shouldn't have $800 billion to spread around without consulting anyone. Republicans say Democrats share blame for the crisis.
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Cost Of Financial Bailout In Hundreds Of Billions
President Bush and Treasury Secretary Henry Paulson are asking Congress to move swiftly on a proposal to buy up bad mortgage debt from Wall Street firms. The cost of the program could run into the hundreds of billions of dollars.
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With Change, Era Of Investment Banks Ends
Goldman Sachs and Morgan Stanley, the last two big independent investment banks, announced Sunday night they are scrapping the old business model and becoming commercial bank-holding companies. The news came as a shock for those who work on Wall Street.
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