Caveman, You Said What??

As interest rates around the globe plummet, the Fed bluntly announced that it would print as much money as necessary to revive the frozen credit markets and fight what is shaping up as the nation’s worst economic downturn since World War II.

In effect, the Fed is stepping in as a substitute for banks and other lenders and acting more like a bank itself. “The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth,” it said. Those tools include buying “large quantities” of mortgage-related bonds, longer-term Treasury bonds, corporate debt and even consumer loans.  WHAT THE HELL?? HEY THIS SOUNDS KINDA FAMILIAR…

No clear cut way to handle 8-year-old’s case

In this Nov. 10, 2008 file photo, the Apache County Court House is seen in St. Johns, Ariz. Prosecutors and a defense lawyer in rural eastern Arizona are trying to figure out what to do with an 8-year-old boy accused of shooting his father and his father's friend in early November.

FLAGSTAFF, Ariz. (AP) — What do you do with an 8-year-old boy charged with two counts of premeditated murder?

Prosecutors and a defense lawyer in rural eastern Arizona are struggling to come up with an answer in the shocking case of a child accused of shooting his father and his father’s friend early last month. Outside experts fascinated with the case are just as perplexed.

Although Arizona law allows 8-year-olds to be found delinquent and to be charged as adults, experts say children at that age are far from fully formed mentally and most don’t understand the finality of death and the consequences of murder.

Judge denies Caylee’s mother access to evidence

 

Attorneys for the mother accused of killing Caylee Anthony will not have access to a site where investigators believe they have found the missing toddler’s remains, a judge ruled Tuesday.

The judge called the latest defense motions — which asked for a second autopsy and access to crime scene photos, video and sketches from the site — “pure folly.”

In a Bold Action, Fed Cuts Key Rate to Near Zero

WASHINGTON — The Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now fight the recession by pumping out vast amounts of money to businesses and consumers through an expanding array of new lending programs.

Going further than expected, the central bank cut its target for the overnight federal funds rate to a range of zero to 0.25 percent and brought the United States to the zero-rate policies that Japan used for years in its own fight against deflation.

1981 killing of Adam Walsh solved

 

Adam Walsh, 6, of Hollywood, Fla who was murdered in 1981. Authorities in South Florida say they’ve finally solved the 1981 killing of the boy whose father, John Walsh, later gained fame as the host of television’s “America’s Most Wanted.”

HOLLYWOOD, Fla. – A serial killer who died more than a decade ago is the person who decapitated the 6-year-old son of “America’s Most Wanted” host John Walsh in 1981, Florida police said Tuesday.

The announcement brought to a close a case that has haunted the Walsh family for more than two decades, launched the television show about the nation’s most notorious criminals and inspired changes in how authorities search for missing children.