As the U.S. government continues its planning for a 700-billion-dollar bailout of the financial sector, the Peace Corps -- one of the United States' most successful foreign policy programmes -- is being cut back due to a budget shortfall of 18 million dollars.

In 2001, President George W. Bush announced he would double the size of the Peace Corps by fiscal 2007, to 14,000 volunteers. But the popular programme is currently some 6,000 volunteers short of that goal, and budgetary problems are forcing it to eliminate 400 new volunteers as well as postponing -- in some cases, indefinitely -- the deployment of volunteers already approved.

"Poor blacks caused this,'' said Ellison, Minnesota's the 5th District congressman, scornfully. "That's what we're supposed to believe. Little ACORN caused this. The mighty captains of Wall Street got taken down by little ACORN and poor black people. That's what you're hearing on the right. The gall and audacity of this is beyond imagination.''

In fact, many, including 6th District Rep. Michele Bachmann, seem to be saying that the demise of Wall Street can be traced to the Community Reinvestment Act (CRA) of 1977.

That's right. In the eyes of some, today's problems aren't a product of greed, or lack of regulation, but instead can be traced to the Jimmy Carter era. That's when Congress passed CRA, an act that encouraged commercial banks to invest in housing in cities that were facing both redlining and major decline. The idea was simple: Stabilizing neighborhoods, through home ownership, would stabilize cities.

Officials at a US Christian college have launched an investigation after a cardboard effigy of Democratic presidential candidate Barack Obama was hung from a tree, a statement said Wednesday.

George Fox University, in Newberg, Oregon, said in a statement on its website that the cutout of Obama was found hanging from a tree on campus early Tuesday morning before being removed by staff.

A sign reading "Act Six reject" was taped to the cutout. Act Six is a scholarship program run by the college granted to 10 student leaders from urban Portland. Most of the students currently benefiting from the program are ethnic minorities, the statement said.

State Representative John LaBruzzo of Metairie said many of his constituents are tired of paying for children from poor families and that is why he is considering proposing legislation that would pay women on government assistance $1,000 if they choose to be sterilized.

“You have these people who are just fed up with working their buns off to try to provide for their own family and being forced by the government o provide for others’ families who just want to have unlimited kids,” he said.

People for the Ethical Treatment of Animals sent a letter to Ben Cohen and Jerry Greenfield, cofounders of Ben & Jerry's Homemade Inc., urging them to replace cow's milk they use in their ice cream products with human breast milk, according to a statement recently released by a PETA spokeswoman.

"PETA's request comes in the wake of news reports that a Swiss restaurant owner will begin purchasing breast milk from nursing mothers and substituting breast milk for 75 percent of the cow's milk in the food he serves," the statement says.

PETA officials say a move to human breast milk would lessen the suffering of dairy cows and their babies on factory farms and benefit human health.