The Nation Today
Washington, D.C.
Global finance leaders failed yesterday to resolve deep differences that threaten the outbreak of a full-blown currency war. Various nations are seeking to devalue their currencies as a way to boost exports and jobs. The concern is that such efforts could trigger a repeat of the trade wars that contributed to the Great Depression, as country after country raises protectionist barriers to imported goods. The International Monetary Fund wrapped up two days of talks with a communique that pledged to deepen its work in the area of currency movements, including conducting studies on the issue.NEW YORK
City leaders decry antigay gang attack
NEW YORK — City leaders expressed outrage over an antigay gang attack on three men in the Bronx. Five City Council members visited the block where a street gang is accused of staging torture assaults inside a vacant apartment. Police say the gang attacked after learning that a 17-year-old recruit was gay. Seven suspects are under arrest. Two more are being sought.NEW MEXICO
Man who killed 3 at ranch is freed
ALBUQUERQUE — A man who was 14 when he killed his father, stepmother, and stepsister at newsman Sam Donaldson’s southern New Mexico ranch has been freed from detention. Cody Posey was freed on Friday, the day before his 21st birthday, according to a report from KOB-TV. Posey testified that he snapped on July 5, 2004, after years of verbal and physical abuse, but prosecutors described him as a ruthless killer.
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