Court won’t allow statements by killer’s victim (Reuters)
“Reuters - The U.S. Supreme Court ruled on
Wednesday that a murder victim’s prior statements cannot be
used against her killer because it would violate a defendant’s
constitutional right to confront witnesses who testify against
him.”
Heavy rains again soak parts of flooded Midwest (Reuters)
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Reuters - A new round of storms dumped a half
foot or more of rain across parts of the U.S. Midwest on
Wednesday, dealing fresh trouble to a region already struggling
with billions of dollars in flood damage.
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Fed holds rates steady, dials up inflation worry (Reuters)
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Reuters - The Federal Reserve held interest
rates steady on Wednesday and voiced greater concern about
inflation, taking a small step down a road toward higher
borrowing costs.
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Djokovic upset, Federer wins at Wimbledon (AP)
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AP - Novak Djokovic was upset in straight sets by Marat Safin in the second round Wednesday, ending the Serb’s chances of testing his theory about Roger Federer’s vulnerability at Wimbledon.
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Shootings at Ky. plastics plant stun town; 6 dead (AP)
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AP - An angry employee opened fire at a western Kentucky plastics plant after an argument early Wednesday, shooting a supervisor and four others before committing suicide, police and a company official said.
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House passes alternative minimum tax relief (AP)
“AP - The House voted Wednesday to protect more than 20 million mostly upper-income taxpayers in danger of being slapped with a tax increase averaging $2,300 because of the alternative minimum tax.”
Federal Reserve leaves key rate unchanged at 2 percent (AP)
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AP - The Federal Reserve decided on Wednesday to leave a key interest rate unchanged and cited a heightened risk of inflation, which could lead to rate increases down the road. Private analysts said the Fed may delay the first rate hike until December.
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Countrywide shareholders approve takeover by BofA (AP)
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AP - Countrywide Financial Corp. says stockholders controlling a majority of the mortgage lender’s outstanding shares have approved the company’s takeover by Bank of America Corp.
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Zimbabwe’s President Mugabe stripped of knighthood (AP)
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AP - Queen Elizabeth II stripped Zimbabwe’s President Robert Mugabe of his ceremonial knighthood on Wednesday a highly unusual move meant to show Britain’s revulsion with the human rights abuses of his regime.
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Senate may pass mortgage aid plan as soon as today (AP)
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AP - A mortgage aid plan is on track for passage in the Senate as soon as today. The massive foreclosure rescue bill cleared a key Senate test yesterday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.
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