Daily Almanac for
Aug 28, 2008
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From The Financial Times

US economy surprises with 3.3% growth
The US economy grew at an annualised rate of 3.3 per cent in the second quarter - both faster than previously estimated by the government and a stronger upward revision compared with economists' forecasts
Obama nominated as Democrats unite
Barack Obama formally secured the Democratic nomination for president as former President Bill Clinton declared him "ready" to become America's commander in chief, and his running-mate, Joe Biden, praised his foreign policy judgment
Hillary Clinton seals nomination for Obama
Barack Obama became the official Democratic presidential nominee after Hillary Clinton went onto the convention floor and called on delegates backing her to endorse her former rival and put an end to the formal roll call vote
Weak dollar leads to US import gloom
As trade kept the US economy afloat amid rising unemployment, a deep housing crisis and turmoil on Wall Street, much attention has been paid to America's booming exports
Unity call wins over Clinton faithful
For Wendy Carle, a mother from Louisville, Colorado, it was the moment when Hillary Clinton asked her supporters for a "gut check" – a test of their nerves – that made all the difference
The Clintons passed the baton to Obama
The real story of the evening and possibly of the convention as a whole was the manner in which the Clintons passed the baton to Barack Obama and brought a potential fractious Democratic Party together
Party begins to heal racial divisions
African-American Democrats celebrated the nomination of Barack Obama for president on Wednesday and granted forgiveness to Bill Clinton as the party sought to heal the racial divisions exposed during its bitter primary battle
Report of US currency rescue plan
The US, Europe and Japan discussed the possibility of co-ordinated currency intervention to support the dollar at the time of the Bear Stearns crisis, says Nikkei online
Cell advance offers medical benefits
A biological breakthrough could lead to a cure for diabetes and has profound implications for regenerative medicine – replacing diseased or injured tissues with new ones in good working order
Mood of state delegates crucial to campaign
The mood the delegates will take away from Denver will be crucial to the next two months of the campaign
Oratory could be Obama's undoing
There is a tried and tested Republican maxim: do not waste time attacking your opponent's weaknesses. Target his strongest point. Barack Obama's greatest strength is his ability to inspire millions with his electrifying oratory. Which makes it his greatest vulnerability
US avoids face-off over Black Sea ship
A US coastguard cutter unloaded humanitarian supplies at a Georgian-controlled port rather than the Russian-controlled Poti, in a move highlighting US concerns to avoid a further escalation of tensions
Hillary bows out on a high note
It was a confident and forceful speech, acknowledging her supporters' disappointment yet emphasising the importance of a Democratic victory in November. She called unequivocally for party unity, and told her supporters to go out and vote for Barack Obama
Clinton urges supporters to back Obama
Hillary Clinton pronounced herself a "proud supporter" of Barack Obama as she urged supporters at the Democratic convention to fall in line behind her erstwhile rival to reclaim a nation in peril
Warner hails Obama man for the future
Mark Warner, the former Virginia governor, used his keynote address at the Democratic convention to portray Senator Barack Obama as the man best equipped to lead the US into a globally-competitive, high-tech future.
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