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News Wrap: Car Bomb in Lebanon Deadliest Attack in Nearly Three Decades

August 16, 2013 at 12:00 AM EST
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KWAME HOLMAN: The number of dead in Thursday’s car bombing in Beirut, Lebanon, went up at least 22 today, with more than 300 wounded. It was the deadliest attack there in nearly three decades, engulfing a busy street in fire and smoke. The site is near a complex where the Shiite militant group Hezbollah holds rallies. Today, the group’s leader, Sheik Hassan Nasrallah, blamed Sunni radicals. He pledged to double the number of Hezbollah forces helping fight Sunni rebels in Syria.

A sudden wave of refugees from Syria is pouring into northern Iraq. U.N. refugee officials reported today that many come from Aleppo, Syria’s largest city, and their numbers approach 8,000 a day. They have been crossing at a new bridge over the Tigris River. There already are more than 150,000 Syrian refugees registered in Iraq.

Wall Street ended a tough week on a down note. The Dow Jones industrial average lost more than 30 points to close at 15,081. The NASDAQ fell three points to close at 3,602. For the week, the Dow lost 2.2 percent; the Nasdaq fell 1.6 percent.

 Bert Lance, who served as budget director for President Jimmy Carter, has died. He passed away last night at his home in Georgia. Lance was a Carter friend and political ally who headed the National Bank of Georgia. He went to Washington in 1977 to take the budget post in the new Carter administration. Within a few months, he was forced to resign his position amid a banking scandal, but he ultimately was cleared of wrongdoing. Bert Lance was 82 years old.

Those are some of the day’s major stories.