News of the Day: Late Edition
Egyptian President Hosni Mubarak said early Friday morning Cairo time that Hamas leaders have offered to conditionally release a kidnapped Israeli soldier. Israel has said that it has not received an official offer. An Israeli general said that if the soldier is freed Israel may release Hamas politicians detained Thursday. It is not clear if this proposal is related to the Palestinian offer.
The Commerce Department reported today that GDP grew at 5.6 percent in the first quarter of 2006, its fastest rate in 2 ½ years. The Dow Jones, S&P 500 and NASDQ headed up on that news along with the news that the Federal Reserve raised short term interest rates to 5.25 percent and subtly hinted that it might hold off on a rate increase in August.
The Supreme Court’s ruling this morning against proposed military trials at Guantánamo Bay has been received favorably by critics of the detention center.
A jury convicted former Alabama Governor Don Siegelman and former HealthSouth CEO Richard Scrushy on bribery charges related to donations Scrushy made to Spiegelman’s state lottery campaign.
A cresting Delaware River has thousands evacuating their homes in New Jersey around the state capital, Trenton. The death toll from a series of storms hitting the Northeast rose to 16 this afternoon.
Haitian national Lyglenson Lemorin, a member of a group accused of plotting to blow up the Sears Tower, has reportedly confessed to swearing allegiance to al-Qaida and said that he wants to blow up five FBI buildings.
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