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2007  --  A YEAR IN REVIEW  --  2007
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   Annual Galleries -- Hamilton - Ontario - Canada

1) The tensions in Pakistan had been building all year, and President General Pervez Musharraf was getting it from all sides. Benazir Bhutto, campaigning for elections in early 2008 was assasinated throwing the democratic process and Pakistan itself into crisis.

2) Mortgage Crisis. The housing bubble finally burst, big time. Defaults on subprime mortgages high and adjustable-interest rate home loans for people who don't qualify for the lowest market rates had been rising slowly for a couple of years and by this summer were up 93% from the year before. In April, New Century Financial, one of the largest subprime lenders in the U.S., filed for bankruptcy, the first of a slew of mortgage company failures.

3) The Saffron Protests. It was the junta-led government's decision to raise the price of fuel and, therefore, the costs of transportation and food staples like rice and cooking oil that sparked the largest protests in Burma, also known as Myanmar, in August and inspired monks to take to the streets en masse a month later. The junta cracked down. Burmese troops used batons and tear gas on the protesters, raided monasteries and censored the media.

4) Good-bye Harry Potter. This summer Potter-mania crested with the July 21 debut of the seventh, final, and most satisfying book of the series, Harry Potter and the Deathly Hallows. The novel came on the heels of the premier of the fifth and most highly acclaimed movie, Harry Potter and the Order of the Phoenix. Deathly Hallows sold a record 8.3 million copies in its first 24 hours in the U.S.

5) Petraeus Under Fire.  Shortly after naming Gen. David Petraeus the top commander in Iraq, President Bush announced plans to send in an additional 20,000 troops to quell the sectarian fighting. House and Senate Democrats denounced the "surge," and, as they predicted, things got worse at first: May was the deadliest month for U.S. troops since November 2004.

6) Chinese-made Toy Recall.  It started in June with Thomas the Tank Engine, but soon after, many more toy-chest favorites had been implicated: Big Bird, Elmo, Barbie, Dora the Explorer even the Easy Bake Oven. More than 20 million toys, all made in China, were recalled for containing lead paint or loose magnets or giving some kids third-degree burns (the oven). The massive recall got Americans already wary about globalization fretting anew over the perils of outsourcing, and talking about buying local.

7) The Virginia Tech Tragedy.  At around 7 a.m. on April 16, Cho Seung-Hui shot two students in a dorm at Virginia Tech in Blacksburg, Va. While police searched for a suspect, Cho went calmly to a post office and mailed his multimedia manifesto to NBC News. By 9:45 a.m., Cho was back on campus and had begun shooting his way through Norris Hall, a classroom building. In the end, 33 were dead: 27 students, five professors and the gunman.

8) Stem Cell Breakthrough.  In November, two groups of scientists in Japan and Wisconsin announced that they had found a way to reprogram human skin cells to behave like embryonic stem cells without having to make or destroy any embryos.  It's hoped that the new discovery could pave the way for medical breakthroughs that do not require killing embryos.

9) Bonds Breaks a Record Gets Indicted.  With his 756th long ball during a home game against the Washington Nationals on Aug. 7, Barry Bonds surpassed Hank Aaron's record to become the new home-run king. The celebrations were tempered, of course, by the steroid scandal that swirls around the San Francisco Giants slugger like the jeering fans who held up asterisks signs at every game as he neared the record. According to leaked grand jury testimony from December 2003, Bonds admitted to using steroids but denied knowing that they were performance-enhancing drugs.

10) iPhone Mania.  Steve Jobs dramatically unveiled the iPhone on Jan. 9, along with the sad news that it wouldn't be available for ... Six. More. Months. By the time the combo phone-iPod-PDA- camera-computer hit Apple and AT&T stores on June 29, the frenzy had reached a fever pitch, and customers waited in line to snap up the 200,000 units made available.
Top Stories from 2007
According to TIME Magazine
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