Daily Almanac for
Jul 4, 2008
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From The Financial Times

Obama seeks to tackle doubters
The move from the left seems to be working but policy refinements may just look like flip-flops, reports Andrew Ward
McCain turns to man who made 'The Governator'
Steve Schmidt, the combative Republican given the job of revamping John McCain's faltering presidential campaign, has a Democrat to thank for catapulting him into the big league of US political strategists
Bush to attend Olympics opening
The president and the first lady will go to the opening ceremonies of the Olympic Games in China as human rights activists call for world leaders to boycott the event
Philanthropy goes to the dogs
Generosity often means relinquishing power. It does not mean assigning armies of the less wealthy to tasks of one's own devising, writes Christopher Caldwell
IRS to seek accountants' help on evasion
The US tax service is to solicit the help of top accounting firms in finding foreign banks that fail to identify US clients with investments or income in offshore accounts
US jobs fall for sixth straight month
The US lost jobs in June for the sixth month in a row while jobless numbers remained at an elevated level, signalling an ongoing deterioration in the labour market and helping to push back thoughts of a hike in interest rates
Sharp fall in US private sector jobs
The US suffered the largest drop in employment in nearly six years in June in a sign of the deteriorating economic environment, says the monthly ADP survey
McCain vows anti-drug projects with Mexico
John McCain, the Republican US presidential candidate, ended a 24-hour visit to Mexico promising that as president he would ensure greater co-operation with the US's neighbour in its war against drugs
LA Confrontational
Actors and studios should beware: they cannot assume consumers deprived of films will remain loyal. This episode of Star Wars needs a happy ending soon
Threat of disruption hangs over US ports
Vital west coast ports in the US could face significant disruption after a key contract between workers and employers expired and unions refused to allow a temporary extension
Tentative deal for US missile base in Poland
The agreement, still subject to final approval, removes a big obstacle to a defence system that is controversial within Washington and viewed with suspicion by Russia
Colombian troops rescue Betancourt
Álvaro Uribe, Colombia's president, secured one of the most significant triumphs of his political career when troops freed Ingrid Betancourt and 14 other hostages held by the leftwing Farc guerrillas
EU fears of 'fishing trips' for bank data
US authorities could launch vast trawls of EU citizens' bank records, spending habits, travel history and other personal data under a draft agreement being negotiated...
Quebec reflects on its anniversary
It is unlikely that French explorer Samuel de Champlain knew he would today play a role in an angst-ridden debate over nationhood when he founded Quebec City exactly...
S Korea PM takes steak in beef dispute
Han Seung-soo yesterday attempted to allay public fears by buying 12kg of US sirloin steak. The South Korean prime minister's well-publicised gesture took place as...
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