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AP - Oil prices rose sharply Friday on news that a ship under contract to the U.S. Defense Department fired warning shots at two boats in the Persian Gulf. Retail gas prices as expected rose further into record territory, nearing $3.60 a gallon.
Bush says rebates going out Monday will boost economy (AP)
AP - President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy.
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Bush: Economy in slowdown, checks on the way (Reuters)
Reuters - President George W. Bush said on Friday the U.S. economy is in a slowdown but tax rebates that will start hitting consumers’ bank accounts next week should help.
Zimbabwe police raid opposition, election offices (AP)
AP - Riot police and intelligence officers ransacked opposition party headquarters and the offices of independent election monitors Friday, hauling away material documenting President Robert Mugabe’s apparent electoral defeat.
Obama says he will fine-tune his campaign (Reuters)
Reuters - Democrat Barack Obama said on Friday he would fine-tune his U.S. presidential campaign and remind voters of his humble roots after a defeat in Pennsylvania fueled in part by his failure to win over working-class voters.
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