Daily Almanac for
Aug 7, 2008
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From The Financial Times

Pending US home sales offer some hope
An index of US homes sales that have been agreed but not completed bounced back in June to its highest level since last October, offering some respite from gloomy data on the depth of the US housing crisis
Bush chides China over human rights
President George W. Bush condemned China's treatment of political dissidents and pressed for an unfettered Chinese press, calling on the Communist government to trust its people with greater freedoms
Obama adviser blames McCain ad for poll dip
A senior adviser to Barack Obama has blamed recent attack advertisements comparing the Democratic presidential hopeful to celebrities Britney Spears and Paris Hilton for a dip in Mr Obama's polls with voters
Carmakers race for green technology lead
A century after Henry Ford's Model T revolutionised the way cars were made and sold, carmakers are developing new hybrid, hydrogen and electric models that will over time reduce their reliance on the internal combustion engine
Market hedges Fed interest rate bets
The futures market is at odds with Wall Street economists over the likelihood that the Federal Reserve will raise US interest rates this year
Bush to take China to task on abuses
President George W. Bush was expected to criticise China's record on human rights and religious freedom on Thursday as he prepared to travel to Beijing to attend the opening ceremony of the Olympic Games
Bush warned on risks to India nuclear deal
A Democratic congressman said the landmark deal could be jeopardised by pushing an international nuclear regulatory body to give India exemptions that would breach US law
Top US official sees 'no alternative' to Doha
Warren Maruyama, a senior US trade official, defended the World Trade Organisation and the multilateral trading system in the wake of the latest collapse of negotiations for a new round of tariff cuts in a broad range of industries
'Compelling' evidence links anthrax expert
The US Justice department said there was "compelling" evidence that Bruce Ivins, a former government bio­weapons expert who reportedly commited suicide last week, was responsible for the 2001 anthrax attacks
Hawk vs talk: America's foreign policy choice
Obama would shift perceptions further, both in Europe and in the poorest parts of the world, where threats coalesce, writes Michael Fullilove
FT series: Auto age
FT reporters look back on 100 years of car manufacturing and what is in store for the future
Big Freeze part 4: A US recovery
There is much scope in the current climate for fiscal measures to boost demand, while for the financial sector capital not liquidity is the priority
Russia can play a vital role in the west's security
Maurizio Massari says that Georgia's and Ukraine's aspiration to join Nato next year could turn a potential spoiler into a win-win situation
US convicts bin Laden's driver
A military jury at Guantánamo Bay found Salim Hamdan, a former driver for Osama bin Laden, guilty of supporting terrorism, marking the end of the first US war crimes trial since the second world war
Eleven charged in US over ID theft
US prosecutors said they had charged 11 people in connection with a hacking ring that allegedly stole and sold more than 40m credit and debit card numbers from nine US retailers in what could be the country's biggest identity theft case
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