David Ortez

Gasoline, oil futures jump on tight supply report – Gasoline and oil futures rose sharply today after the Energy Department reported an unexpected jump in gasoline demand and a big drop in supplies. Prices at the pump returned to record levels, and appeared poised to extend their march higher.

Bernanke Nods at Possibility of a Recession – In his bleakest economic assessment to date, the Federal Reserve chairman, Ben S. Bernanke, said Wednesday that the American economy could contract in the first half of 2008, meeting the technical definition of a recession, and he encouraged Congress to help homeowners caught up in the mortgage crisis.

U.S. and Britain at Odds Over Guantánamo Inmate – The Bush administration and the British government are at odds over how to treat one of the last two British residents held at Guantánamo Bay, Cuba, officials from the countries involved in the case and his lawyer say.

Mugabe’s Zanu-PF loses majority – Robert Mugabe’s party has lost its majority in parliament for the first time since Zimbabwean independence in 1980, official results show. President Mugabe’s Zanu-PF party has taken 97 of the 210 seats, while opposition parties have won 109, the Zimbabwe Election Commission says.

Cubans on new freedoms: ‘We’ll see how far we go – In the past week, President Raúl Castro has legalized cell phone use for ordinary Cubans; granted Cubans access to previously off-limits tourist hotels; and legalized the sale within Cuba of microwaves, DVD players and personal computers. Cubans are welcoming the change, even if the costs are out of their reach.

Obama gains more ground in Texas conventions – As the smoke cleared from this weekend’s regional Democratic conventions, Barack Obama emerged with a majority of the state’s at-large presidential nominating delegates and possibly a majority of all Texas delegates.

Justices Let Stand Ruling on Illegal F.B.I. Search – The Supreme Court on Monday let stand a lower court ruling that the F.B.I. went too far in searching the office of Representative William J. Jefferson, a Louisiana Democrat accused of using his position to promote business deals in Africa.

Sources: Iran helped prod al-Sadr cease-fire – Iran was integral in persuading Shiite cleric Muqtada al-Sadr to halt attacks by his militia on Iraqi security forces, an Iraqi lawmaker said Monday. Haidar al-Abadi, who is with Prime Minister Nuri al-Maliki’s Dawa Party, said Iraqi Shiite lawmakers traveled Friday to Iran to meet with al-Sadr. They returned Sunday, the day al-Sadr told his Mehdi Army fighters to stand down.

US plans finance system overhaul – The US Treasury has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s. Critics have said that the credit crunch and resultant market turmoil made a strong case for change. But Treasury Secretary Henry Paulson rejected claims that existing regulations have led to the turmoil. And he said the plan should not be implemented until current difficulties roiling financial markets are resolved.

Cubans can now stay in hotels for foreigners – New President Raúl Castro’s government has lifted a ban on Cubans staying at hotels previously reserved for foreigners, ending another restriction that had been especially irksome to ordinary citizens. Some hotels scheduled meetings with all staff members to discuss the changes, and officials said new rules also will allow Cubans to rent cars at state-run agencies for the first time.

Consumer spending hits lowest point in 17 months – Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing. The Commerce Department said today that consumer spending edged up by just 0.1 percent last month, the poorest showing since September 2006. And if the effects of inflation are removed, spending was flat in February, the third consecutive month of sluggish activity.

China Law Could Impede Microsoft Deal for Yahoo – Microsoft’s hostile-takeover attempt against Yahoo may encounter an unexpected hurdle in August after a Chinese antimonopoly law takes effect that will extend the nation’s economic influence far beyond its borders. The law, which goes into effect on Aug. 1, is intended to strengthen an existing set of antitrust regulations the Chinese originally established in 1993.

Ledger’s Joker could be biggest posthumous movie role -  Heath Ledger’s frenzied reinvention of the Joker had fans and colleagues buzzing. His dreadful clown face was seen online by millions, and stood as the goosebump-raising image upon which nearly all early marketing of "The Dark Knight" hinged. Now the Batman archfiend stands as Ledger’s next-to-last performance. And while it’s not the first, "The Dark Knight" has already emerged as arguably the biggest movie featuring a posthumous role in Hollywood history.

Cuba lifts curbs on mobile phones – Cubans are to be allowed unrestricted access to mobile phones for the first time, in the latest reform announced under new President Raul Castro. Some Cubans already own mobile phones, but they have had to acquire them via a third party, often foreigners.

Human noses ‘can detect danger’ – Our noses can quickly learn to link even subtle changes in smell with danger, claim scientists. Volunteers who could not differentiate between two similar smells found they could do it easily after being given a mild electric shock alongside one.