Monday, September 15, 2008

Israel to elect new PM

Israel is set to elect a new leader after current Prime Minister Ehud Olmert resigns due to a corruption scandal.

Foreign Minister Tzipi Livni is hoping to become the second female prime minister in Israel's history after Golda Meir, but she faces tough opposition from Shaul Mofaz, a former military chief and defense minister.

ABC News

Candidates offer stark choice for next Israeli PM
Globe and Mail, Canada - 10 hours ago
TEL AVIV — For two candidates vying for the role of leader of Israel's governing party, front-runner Tzipi Livni and main challenger Shaul Mofaz could ...

Olmert's departure may threaten talks with Syria Ha'aretz
‘Iron Lady’ Tzipi Livni set to be Israel’s new leader Times Online
Livni tipped for Israeli top job ABC Online

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Big Wall Street firms falter

Major U.S. financial firms continued to falter as Lehman Brothers failed and Merrill Lynch & Co. was purchased by Bank of America.

The downfall of two of the most established firms in the industry signals the most dramatic shift on the financial scene since the Great Depression.

Problems are directly related to the mortgage meltdown and the holding of bad loans.

`Tectonic' Shift on Wall Street as Lehman Fails, Merrill Sold
Bloomberg - 33 minutes ago
By Christine Harper Sept. 15 (Bloomberg) -- In the biggest reshaping of the financial industry since the Great Depression, two of Wall Street's most storied firms, Merrill Lynch & Co.
Video: Lehman Bros. Bankrupt, B of a Buys Merrill Lynch AssociatedPress

Merrill Lynch agrees to $50 billion bid from B of A MarketWatch
New York Times - Washington Post - MSN Money - International Herald Tribune

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