FROM Liz Moyer
The Fed and JP Morgan Step in to Bail Out Bear Stearns "Tough times," "hard times," "uncertainty in a difficult period," all terms used by President Bush today to describe the US economy . But in a speech to the Economic Club of New York, he insisted he's up-beat. However, just before the President's pep talk, JP Morgan and the Federal Reserve of New York stunned Wall Street by coming up with emergency floats to keep the investment bank Bear Stearns Companies afloat. Liz Moyer is senior staff writer at Forbes.com .
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.