US History 2006-December 2008

2006: both Ford and General Motors post huge losses and lay off thousands of workers
2006: after George W Bush appoints another Roman catholic to the Supreme Court, the majority of the Supreme Court judges are Catholics for the first time in the history of the USA
2006: Exxon Mobil posts the largest profit of any company in USA history
2006: the USA has 1,210 megachurches (churches for 2,000 or more people) that draw more than four million people a week
2006: the USA and India sign a nuclear agreement
2006: Christian fundamentalist governor Mike Rounds of South Dakota bans abortion
2006: the USA admits that marines killed 25 civilians in cold blood in the Iraqi town of Haditha
2006: the USA has 300 million people, of which 35 million are foreign-born, and it is the third most populous country in the world after China and India
2006: Warren Buffet donates $37 billion to charity, the largest donation ever
2006: most immigrants to the USA are Mexicans
2006: after six years the Dow Jones index trades above its record high close of 11,722
2006: Enron’s CEO Jeffrey Skilling is sentenced to 24 years in prison
2006: the world-wide web has 100 million websites
2006: Marijuana is the largest cash crop in the USA ($35 billion)
2006: the first Muslim ever is elected to the USA Congress (Keith Ellison)
2006: the USA bombs Islamists in Somalia as Ethiopia help push them out of Somalia
2007: the USA trade deficit hits a record $764 bilion
2007: South Korean student Cho Seung-Hui kills 32 people at Virginia Tech
2007: China overtakes the USA to become the world’s second largest exporter and overtakes Canada to become the main exporter to the USA
2007: Toyota passes General Motors as the world’s largest car manufacturer and Japanese car manufacturers pass USA car manufacturers even in the USA market
2007: USA government agencies declare that Al Qaeda has regrouped in Pakistan and that the terrorist threat against the USA has increased
2007: after crashing due to the crisis of sub-prime mortgage lenders, the USA stock market sets a new record high
2007: Texas carries out its 400th death penalty
2007: the USA dollar falls to 1:2 to the British pound and to an all-time low of 1.50 to the euro and is worth less than a Canadian dollar for the first time in three decades
2007: a fund of the United Arab Emirates buys a 4.9% stake in Citigroup for $7.5 billion, making it the single largest shareholder, ahead of Prince Walid bin Talal of Saudi Arabia
2007: home prices fall 5.1%, the sharpest drop in 20 years
2007: at the end of the economic expansion of the 2000s the median income of USA families has declined from $61,000 to $60,500
2007: Piyush “Bobby” Jindal becomes the first Indian-American governor in the history of the USA (governor of Louisiana)
jan 2008: Barack Obama, a black man, is the leading candidate for president of the USA
jan 2008: Gold reaches an all-time high of $880
jan 2008: the stock market collapses, triggering similar collapses around the world
jan 2008: the Encyclopedia of Life ( goes on line
feb 2008: more than 1% of adult USA citizens is in prison
mar 2008: the price of gold hits $1,000 for the first time ever and oil passes $110 a barrel, while the dollar sets another all-time low against the euro (1.56) and dips below 100 yen (a drop of 6.5% in less than three months), home prices plunge 9.1%, the Eurozone overtakes the USA as the world’s largest economy
mar 2008: five years after the invasion, the USA has lost 4,000 soldiers in Iraq
mar 2008: the police raid a polygamist compound with hundreds of children in Eldorado, Texas, run by the Fundamentalist Church of Jesus Christ of Latter Day Saints
june 2008: oil price hits $139 a barrel

june 2008: a USA air strike kills 11 Pakistani soldiers
june 2008: California legalizes gay marriage
june 2008: President George W Bush’s job approval falls to 23%, one of the lowest ever recorded
june 2008: For the first time more USA soldiers die in the war in Afghanistan than in the war in Iraq
july 2008: George W Bush’s associate Karl Rove refuses to testify before a commission investigating whether the Justice Department prosecuted people for political reasons
july 2008: George W Bush’s aide Karl Rove is accused of having engineered the dismissals of prosecutors on political grounds
july 2008: USA inflation hits a 26-year High
july 2008: Republican senator Ted Stevens of Alaska is indicted of corruption
august 2008: The USA and Libya restore diplomatic relationships that were broken after Reagan bombed Libya
august 2008: Following Russia’s invasion of Georgia, the USA and Poland sign a treaty for a missile defense
august 2008: A USA bomb kills 90 Afghan civilians including 60 children
sep 2008: NATO killed 3,200 civilians in Afghanistan from 2005 to mid 2008
sep 2008: Having repaired relations, Condy Rice becomes the first USA secretary of state to visit Libya since 1953
sep 2008: The USA takes over the two largest mortgage companies, Fannie Mae and Freddie Mac, and the largest insurance company, American International Group
sep 2008: USA missiles target Taliban inside Pakistan
sep 2008: In a financial crisis, Lehman Brothers files for bankruptcy and Merrill Lynch is sold to Bank of America, and the government buys $700 billion of bad mortgages in the largest financial bailout since the Great Depression, and on September 29 the Dow Jones loses 778 points, the biggest single-day point loss ever
sep 2008: A bomb against the USA embassy in Yemen kills 16 people
oct 2008: the Dow Jones loses more 22% in a week of continuous losses, including the biggest single-day decline since 1987
oct 2008: Unemployment reaches 6.5%, the highest rate since march 1994.
nov 2008: Barack Obama, a black man, is elected president of the USA
nov 2008: the world’s oldest person, Edna Parker, dies at the age of 115
Dec 2008: the price of oil plunges to $34 per barrel amid the world recession
Dec 2008: The median home price falls 13.2% from a year before, down to $181,300, the largest drop since the Great Depression
Dec 2008: The USA loses two million jobs in 2008 and the unemployment rate climbs to 6.7%
Dec 2008: More USA workers lost jobs in 2008 than in any year since World War II, with employers laying off 2.6 million people.
Dec 2008: The USA loses $3.6 trillion in the financial crisis


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