Weekly News Wrap – 1/25/08

Categories: News

Asian Stock Markets Plummet in Fear of U.S. Recession
– In response to the belief that the U.S. is entering a recession, stocks in several Asian markets sank. In India, the Sensex experienced its second worst day ever.

Hillary Clinton’s Money Man – Chris Korge, who has raised money for several Democratic presidential candidates, is now focusing his efforts on Hillary Clinton’s cause. His past, however, is marred by shady deals.

Mine-proof Vehicle Destroyed by Mine – A road side bomb destroyed a vehicle that the U.S. Army has been counting on to reduce casualties from roadside bombs in Iraq. One gunner was killed, and three other soldiers were injured. The attack raised questions about the effectiveness of the vehicle. The Army still believes that the armored vehicle is effective.

Spence-Jones to Pay for Election Violations
– Miami City Commissioner Michelle Spence-Jones agreed to pay $8,000 in a settlement. Spence-Jones was accused of five different violations, the most serious being handing out cash to poll workers on election day. This comes at a time when Spence-Jones is being investigated by the Miami-Dade State Attorney’s Office.

Padilla Sentenced to 17 Years
– Jose Padilla, the Chicago-born convert to Islam who was accused of plotting to use a “dirty bomb” in the U.S., was sentenced to 17 years in jail for two other charges. He was convicted of conspiring to support terrorist groups.

Joe Cool Mystery Solved – The mystery of the murder at high seas is solved. The trial is still months away.

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