On Monday, the House of Representatives rejected a $700 billion plan 228-205 to bail out the financial system, making a clear statement that they didn’t want to put taxpayers on the hook for the failures of financial institutions.
News of the rejection caused stocks to plunge and the Dow Jones industrial average fell nearly 778 points, the biggest single-day point loss ever.
Alicia Keys and the White Stripes’ Jack White team up for the new bond theme Another Way To Die. Check the video above.
Chris Brown and Rihanna were spotted having lunch at KFC in Hollywood. Rihanna didn’t look happy to see the paparazzi following them - probably because they caught the couple’s last trip to KFC earlier this year.
Rihanna just returned from Milan, where she attended Gucci’s Spring/Summer 09′ runway show. Her and Chris are prepping up for a mini tour they will be doing together in Australia and New Zealand starting the end of this month.
Solange Knowles, Usher, Designer Marlies Dekker and Kelly Rowland pose for a photo at the Marlies Dekkers fashion show at the Palais de Tokyo during Paris Fashion Week on Sunday in France.
Academy Award® nominee Will Smith stars in the drama “Seven Pounds,” re-teaming with the director and producers of “The Pursuit of Happyness” for the emotional story of a man who will change the lives of seven strangers.
The movie co-stars: Rosario Dawson, Woody Harrelson, Michael Ealy, and Tom Cruise’s son, Connor Cruise.
For this edition of Who Rock’d It Better we have actors Idris Elba and Laz Alonso reppin’ Barack Obama, with the same Blinged Out Obama tee ($36).
Idris first wore the shirt in London at the “RocknRolla” film premiere, and Laz wore the shirt over the weekend at Esquire magazine’s “Rock The Vote” party. Take your pick…
WHO ROCK’D IT BETTER?: IDRIS OR LAZ
Total Voters: 4,053
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On Sunday, lawmakers unveiled a bill to rescue the nation’s troubled financial system. The $700 billion bailout is the largest in U.S. history and won support from both presidential candidates. The House will vote on the bill on Monday, and the Senate is expected to vote Wednesday. On Saturday, the Senate approved $25 billion in loan guarantees for the auto industry, which will hopefully be used to spark automotive innovation.
In a statement issued Sunday evening, President Bush said “this is a difficult vote, but with the improvements made to the bill, I am confident Congress will do what is best for our economy by approving this legislation promptly“.
House Minority Leader John Boehner told reporters, “Nobody wants to have to support this bill, but it’s a bill that we believe will avert the crisis that’s out there.”
