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U.S-Pakistan Conflicts. Hotel Bombed

Bomb a warning to end Pakistan-US cooperation

The brazen truck-bombing of the Marriott hotel in Islamabad on Saturday is a warning from Islamic militants to Pakistan's new civilian leadership that it should end already-strained cooperation with the United States

Informed source said, "Both sides see Pakistan as a vital battlefield in their global struggle and clearly Pakistani civilians are paying the price for being in the middle of this struggle,"

The U.S. has angered Pakistanis with increasing cross-border raids by its forces from Afghanistan to root out Islamic militants entrenched in the lawless and rugged tribal regions along the border.

Local newspapers are filled with outrage from columnists who accuse the United States of treating Pakistan as a surrogate, flaunting its sovereignty and killing innocents, details.

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Major Bailout of Banks for Big Bucks

The Bush proposal that would dole out huge sums of money to Wall Street firms and bankers is a mere three pages in length and fails to specify which institutions would qualify or say what — if anything — taxpayers would get in return. details.

Fed Reserve, President Bush, Treasury Dept. and Wall Street all urge quick action on $700 billion bailout

Treasury Secretary Henry Paulson says the nation's credit markets are very fragile and Congress must act quickly to pass a $700 billion bailout package for financial firms.

Paulson said Sunday that the nation's outdated regulatory system for financial market must be overhauled, but the first job is to get the most sweeping rescue package since the Great Depression passed by Congress. It's not a bailout, spokesperson say, it's "stabilization."

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