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World News 08-25-08
Monday, August 25, 2008 --
Bank Worries Weigh on Markets as Stocks Drop
Shares that went up on Friday plummeted on Monday. The markets dropped on Monday after a flurry of disappointing
news about several major financial institutions.
At the close, the Dow Jones industrial average was down 241.81 points, or 2.08 percent, and the broader Standard &
Poor's 500-stock index had declined 25.36 points, or 1.96 percent. The technology heavy Nasdaq was down 2.03 percent of 49.12 points.
Russian troops holding some checkpoints in Georgian
Most Russian troops have withdrawn from eastern and western Georgia, but they still maintain some checkpoints in the country.
Georgian President Vows to Rebuild Army
Mikheil Saakashvili said he would continue to pursue a policy of uniting Georgia’s two separatist enclaves under one flag.
US deaths reach 101 for the year in Afghanistan
By JASON STRAZIUSO KABUL, Afghanistan (AP) -
Taliban insurgents once derided as a ragtag rabble unable to match U.S. troops have transformed into a fighting force - one advanced enough to mount massive conventional attacks and claim American lives at a record pace.
The U.S. military suffered its 101st death of the year in Afghanistan last week when Sgt. 1st Class David J. Todd Jr., a 36-year-old from Marrero, La., died of gunfire wounds while helping train Afghan police in the northwest.
The total number of U.S. dead last year - 111 - was a record itself and is likely to be surpassed.
US Grain Exports Delayed by 1930's Infrastucture and Technology
With a booming global demand for U.S. corn, wheat and soybeans, it is revealing inefficiencies in the country's railways, highways and rivers that carry the grain that helps feed the world.
Democrats open convention with Prayer
The Associated Press DENVER (AP) -
At the first official event Sunday of the Democratic National Convention, a choir belted out a gospel song and was followed by a rabbi reciting a Torah reading about forgiveness and the future.
Culled from 
Drilling Boom Revives Hopes for Natural Gas
By CLIFFORD KRAUSS HOUSTON —
American natural gas production is rising at a clip not seen in half a century, pushing down prices of the fuel and reversing conventional wisdom that domestic gas fields were in irreversible decline.
The new drilling boom uses advanced technology to release gas trapped in huge shale beds found throughout North America — gas long believed to be out of reach. Natural gas is the cleanest fossil fuel, releasing less of the emissions that cause global warming than coal or oil.
Rising production of natural gas has significant long-range implications for American consumers and businesses. A sustained increase in gas supplies over the next decade could slow the rise of utility bills, obviate the need to import gas and make energy-intensive industries more competitive.
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