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. Last Updated: 07/27/2016

08/12/2002

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WorldCom Tops $7Bln in Bogus Math

WorldCom Inc. said it uncovered $3.3 billion more in bogus accounting, bringing the total amount of misstated earnings to some $7.1 billion.

Bush Asks Advice on 'Challenged' Economy

U.S. President George W. Bush will hear a wide variety of suggestions on how to improve growth at an economic forum this week.

Brazilian Bailout Euphoria Abates

Brazil's currency and stock market nose-dived Friday as worries about the presidential succession supplanted euphoria over a $30 billion aid package from the International Monetary Fund.

U.S. Insists on Iraqi Democracy

U.S. President George W. Bush said Saturday the United States has no ""imminent war plan"" for Iraq so it is too early to consider whether Americans are prepared for potential U.S. casualties.

Japanese Worried by National ID System

Ever since their computerized ID system switched on a few days ago, Japanese citizens have dropped out in droves from what many resent as a ""big brother"" monitoring of the people.

2003 Draft Budget Gets Defensive

Alexei Kudrin submitted the final version of his Finance Ministry's 2003 draft federal budget late Thursday.

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