- Colorado school drops sexual harassment label on boy who kissed girl’s hand
- Australia court strikes down 5-day-old, gay-marriage law
- Fake interpreter at Mandela service: ‘Sorry,’ I have schizophrenia
- George Zimmerman will not be charged in domestic dispute
- Russian officials press bilateral U.S. trade deal
- Creator of ‘Selfies at Funerals’ blog retires after Obama flub: ‘Our work here is done’
- New Obama adviser Podesta is against Keystone but will steer clear of pipeline deliberations
- 40 Australian adults, children found in ‘one of the worst accounts of incest ever made public’
- Venezuela’s Maduro calls on student ‘price vigilantes’ to hit the streets, report businesses
- Atheists smug as Hindus join Satanists to demand display at Oklahoma Statehouse
Question of the Day
Price climbs to highest since 2008
NEW YORK | The price of oil rose to a 30-month high on Thursday as fighters loyal to Col. Moammar Gadhafi pushed back rebels from key areas in eastern Libya.
Benchmark West Texas Intermediate crude rose $2.45, more than 2 percent, to settle at $106.72 a barrel on the New York Mercantile Exchange. At one point it hit $106.83, the highest it’s been since September 2008. In London, Brent crude rose $2.10 to $117.05 per barrel.
Battles between Col. Gadhafi’s troops and rebels have seesawed back and forth in Libyan ports and towns since mid-February, with the price of oil rising more than $20 a barrel since then. Energy consultants Cameron Hanover said traders are beginning to view the Libya uprising as a standoff for now.
Banks that drew loans during crisis are named
For the first time in its 98-year history, the Federal Reserve on Thursday identified banks that borrowed from its oldest lending program, naming those that drew emergency loans during the financial crisis.
The Fed was forced to make the information public after the Supreme Court rejected a bid by major banks to keep it secret.
The central bank lent up to $110 billion through its emergency “discount window” at the height of the crisis. At the time, banks were turning to the Fed as a lender of last resort because their credit had frozen up. The Fed argued then that naming banks that used its discount window could cause a run on them, endangering the institutions and defeating the program’s purpose.
The documents released Thursday provided details about which banks borrowed from the program from August 2007 through March 2010. Big U.S. banks, such as Wachovia and Morgan Stanley, took out short-term loans of $6 billion and $1.25 billion, respectively, in the fall of 2008, the documents showed.
U.S. aid to Boeing ruled ‘illegal’
GENEVA | The World Trade Organization has ruled that Boeing Co. has received at least $5.3 billion in illegal U.S. subsidies and must either withdraw them or make up for the harm caused.
The EU had alleged that Boeing received almost $24 billion in illegal subsidies, such as research grants and free use of technology, from NASA, the Department of Defense, and the states of Illinois, Kansas and Washington.
By Matt Kibbe
The short-term deal will assure long-term overspending
- Rand Paul: Budget deal 'shameful,' 'huge mistake'
- All-out war breaks out in GOP over budget pact
- Teen thugs in D.C. run wild -- even while wearing GPS ankle bracelets
- Obama takes 'selfie' at Mandela's funeral service
- Chinese man fed up with his girlfriend's shopping jumps to his death
- Biden guarantees victory on immigration reform
- Inside the Ring: China targets Global Hawk drone
- Obama's antics at Nelson Mandela tribute: Jovial conversation, handshake with Raul Castro
- KIBBE: Another Republican budget surrender
- American bourbon now better than Scottish whisky: U.K.-born expert
Independent voices from the The Washington Times Communities
Al Maurer provides a common sense, conservatarian, Constitutional conservative perspective from the battleground state of Colorado
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Brazen, leading-edge, “call it like it is” columns and reporting from Ohio native, radio host and writer, Sara Marie Brenner.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow