Many factory workers in export-heavy economies like Thailand's have lost their jobs. With agricultural demand also down, farming has become a less reliable Plan B.
Attorney General Andrew M. Cuomo of New York said 15 of the top 20 bonus recipients in A.I.G.’s financial products division had returned their bonuses.
Investors went on a buying binge as the administration spelled out details of its plan to buy troubled assets from banks, lifting the markets more than 6 percent.
AP - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors.
AP - Investigators will examine whether a single-engine turboprop plane was overloaded when it nose-dived into a cemetery and killed 14 people on board who were heading to a retreat for the ultrarich for a ski trip, a federal official said Monday.
AP - A suicide bomber struck a tent filled Monday with Kurdish funeral mourners, unleashing a huge fireball that killed at least 23 people in a northern town where Kurds and Arabs are competing for power. Also Monday, Turkey's visiting president pressed the Iraqi government to crack down on Kurdish rebels who stage cross-border raids into Turkish territory from sanctuaries in northern Iraq.
Three families with young children were heading to a ski vacation together when their plane crashed into a cemetery in Montana, loved ones of the victims said. Relatives of the 14 people killed in the weekend crash visited the site Monday, as investigators began looking into whether the small plane was overloaded, what role weather may have played and what made the pilot decide to divert.
If Treasury Secretary Tim Geithner is hoping to find bipartisan support for his long-awaited troubled asset bank relief plan, it appears he'll need to keep looking.
Late-night talker David Letterman married his longtime girlfriend, Regina Lasko, last week, according to a transcript of the taping of his Monday night show.