The U.S. Federal Reserve yesterday threw a $180 billion lifeline into a global fight against the financial crisis as Wall Street legend Morgan Stanley became the latest name under
attack and Britain's top mortgage lender was forced into a merger.
Central banks around the world launched a joint operation to stem panic in credit markets amid mounting political calls for "decisive" action to end the crisis.
After this past weekend's collapse of Lehman Brothers
and the forced sale of Merrill Lynch, Morgan Stanley is now
looking for help after seeing its stock drop another 24 percent
Wednesday. One of the last two independent U.S. investment banks, Morgan Stanley is reportedly negotiating a merger.
Is it a crime for citizens to photograph, video, or take notes of a police officer in the line of duty, or a right protected by the First Amendment of the U.S. Constitution? Locally, such activity, as witnessed recently, will at the very least result in a night spent behind bars.
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
Episcopal School of Acadiana’s Dr. Joshua Caffery, chair of the school’s English Department, is headed to Washington, D.C., and the Library of Congress as the latest winner of the Alan Lomax Fellowship in Folklife Studies.