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December 3, 2008 1:01:26 PM CST


emergency funding

emergency funding news stories

4 Stories

 China Death Toll Breaks 51K 

Beijing pledges $10B to reconstruction

(Newser) - China’s official earthquake death toll has today topped 51,000, with almost 300,000 injured, and another 29,000 missing, CNN reports. Meanwhile, donations from home and abroad tallied $3 billion, while Beijing pledged another $10 billion to reconstruction efforts, including $3.6 billion for rescue and relief work. More »

More about:  China earthquake rescue death toll emergency aid reconstruction emergency funding

Wounded Bear Scrambles
for a Savior

Stearns hopes
to find a quick buyer
in troubled times

(Newser) - What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall Street Journal reports. In a sign of the times, the Journal notes that Bear's single biggest asset might be its building—the Madison Avenue digs could fetch $1.2 billion. More »

More about:  Federal Reserve subprime crisis Wall Street Bear Stearns JPMorgan Chase Citibank HSBC emergency funding Madison Avenue

Water Runs Out In Tenn. Town

Drought forces Orme to borrow from nearby town's hydrant

(Newser) - If the Southeast drought’s effects on Orme, Tenn., are a sign of things to come, folks in Atlanta should start scheduling their showers. The rural home to 145 people has run completely dry, and what water gets trucked in can be used only between 6 and 9 pm. This means citizens have to rush to get supper made, clothes washed, and baths drawn, the AP reports. More »

More about:  Atlanta Tennessee water Alabama drought Southeast emergency funding

Is US Preparing Iran Air Strikes?

White House asks for bunker-buster funding

(Newser) - A recent White House funding request has heightened speculation that the US is preparing air strikes on Iran's nuclear facilities, reports ABC News. The Bush administration has asked for $88 million in emergency funds to modify B-2 stealth bombers so they can carry 30,000 "bunker buster" bombs to fulfill "an urgent operational need from commanders." More »

More about:  Iran Bush administration emergency funding Natanz stealth bomber nuclear sites

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