Betty Ford, the outspoken U.S. first lady whose candid revelations about her struggles with breast cancer and drug and alcohol abuse helped spur awareness of issues few Americans had openly discussed before, died yesterday. She was 93 and lived in Rancho Mirage, California.
Former Secretary of State Henry Kissinger says there is little chance of any breakthrough in stalled Israeli-Palestinian peace talks, as President Barack Obama visits Israel next week on his first trip there since taking office.
When Paul Volcker took over as president of the Federal Reserve Bank of New York on Aug. 1, 1975, he became a permanent member of the Federal Open Market Committee, the panel within the Federal Reserve System responsible for managing credit conditions and interest rates.
Gerald J. Ford , who became a billionaire by purchasing distressed lenders during the savings and loan crisis, will inject $500 million into Pacific Capital Bancorp as the California company struggles to survive.
The nomination of former Senator Chuck Hagel as defense secretary is a fresh opportunity to trot out the canard that the prime requisite for the Pentagon job is managerial expertise. After all, the secretary manages an annual budget of more than $600 billion and 3.1 million military and civilian employees.