Investors hoping to recoup some of the millions secretly funneled to executives through pensions and other goodies were heartened by yesterday's court ruling ordering former New York Stock Exchange chief Richard Grasso to return as much as $100 million of his $185 million pay and retirement package.
If you go by the political betting markets—not to mention those devastating polls—the GOP has about the same chance (30 percent or so) of keeping House of Representatives under Republican control as the United States does of catching Osama bin Laden or of bombing Iran by the end of next year. (But it has twice as good a chance as Joey Lawrence does of winning Dancing With the Stars, natch!) Yet there goes White House political adviser Karl Rove this week predicting the GOP will hold both the House and the Senate. (A veteran Washington watcher and money guy snarked to me, "I wonder if this is the same version of Rove that predicted an easy victory for Bush in 2000 and had him taking a victory lap in California.")
AP - President Bush conceded Friday that "right now it's tough" for American forces in Iraq, but the White House said he would not change U.S. strategy in the face of pre-election polls that show voters are upset.
AP - Shops and government offices reopened and army units manned checkpoints Saturday around a southern Iraqi city where gunmen loyal to an anti-American Shiite cleric briefly seized control in a bold confrontation with local security forces.
AP - North Korea showed signs Friday it could be backing away from its nuclear showdown with the world, even as it staged a show of domestic support in Pyongyang, where tens of thousands gathered to laud the country's first atomic test.
U.S. Secretary of State Condoleezza Rice says she has no knowledge of a reported pledge by North Korea's leaders not to carry out a second nuclear explosion following an atomic test earlier this month. Rice is now in Russian on the final leg of a tour to push U.N. sanctions against Pyongyang.