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Bernanke: Banks Must Get Better At Foreseeing Risk

Posted: 05/15/2008 - Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like the credit and mortgage debacles, Federal Reserve Chairman Ben Bernanke said Thursday.

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Oil Falls As Options Expire; Gas Prices Rise

Posted: 05/15/2008 - Oil futures ended a whipsaw session slightly lower Thursday as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.

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Industrial Output Falls, Second Time In 3 Months

Posted: 05/15/2008 - Industrial output plunged in April as factories making everything from autos to heavy machinery felt the adverse effects of the weak economy. Analysts held out hope that production will revive in the second half of the year, helped by the government's economic stimulus checks.

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Myanmar Junta Warns Against Hoarding Cyclone Aid

Posted: 05/15/2008 - Myanmar's junta warned Thursday it will punish anyone found hoarding or trading foreign aid meant for cyclone survivors, but relief groups said they had seen no evidence of people selling or stockpiling donated goods.

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Dalai Lama Arrives for 5-Day Visit to Germany

Posted: 05/15/2008 - The Dalai Lama arrived Thursday for a five-day tour of Germany, where his last visit sent German-Chinese relations into a spiral. This time, the exiled Tibetan spiritual leader will not be meeting with Chancellor Angela Merkel, who is on a trip to Latin America.

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Lohengrin' Cheered In Geneva After Opening-Night Boos

Posted: 05/15/2008 - Daniel Slater's new production of "Lohengrin" wasn't necessarily vintage Wagner, but it deserves praise as a thoughtful and tasteful take on the medieval legend — and certainly none of the boos it received on opening night.

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Jolie, Pregnant With Twins, Stays Cool At Cannes

Posted: 05/15/2008 - Angelina Jolie, pregnant with twins, has some secrets for staying serene at the Cannes Film Festival: get her partner, Brad Pitt, to baby-sit, and wear comfy shoes on the red carpet.

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Actor John Phillip Law, Angel In 'Barbarella,' Dies At 70

Posted: 05/15/2008 - John Phillip Law, the strikingly handsome 1960s movie actor who portrayed an angel in the futuristic "Barbarella" and a lovesick Russian seaman in "The Russians Are Coming, The Russians Are Coming," has died. He was 70.

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Only 2 New Shows On Fox Network In The Fall

Posted: 05/15/2008 - Fox will bring only two new series on the air in the fall, traditionally its slow season, but plans flashy two-hour season premieres of four programs during the same August week as the Democratic National Convention.

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Hezbollah Shows Might In Lebanon, But Faces Limits

Posted: 05/15/2008 - Hezbollah has proven it can force Lebanon's U.S.-backed government to cave in on key issues. But the Shiite militant group's power is not absolute — the government is still in place and Hezbollah has lost support among the people by turning its guns on them.

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Iraqi Forces Mount Al-Qaida Hunt In Mosul

Posted: 05/15/2008 - U.S. and Iraqi troops moved against al-Qaida on two separate fronts Thursday, with house-to-house searches in Mosul and an operation in the desert to stanch the flow of insurgents and weapons to that northern city.

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Long Wait For Medical Care After China Quake

Posted: 05/15/2008 - After 11-year-old Zhang Jiazhi crawled free of the rubble that remained of his middle school, his parents began a 20-hour ordeal to get medical care for their son, whose arms were crushed to a pulp.

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Survivors From Apartment Building Recount Quake

Posted: 05/15/2008 - Tang Xiaomin had just left her fourth-floor apartment to buy groceries when the building started crumbling around her. An upstairs neighbor was thrown against the kitchen table and grabbed her purse before rushing out. Another resident, who was expecting a baby, was resting and became trapped.

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