On January 5, 2007, reacting to suggestions from President Bush's confidantes that he would increase troop levels in Iraq (which he announced in a speech a few days later), Pelosi joined with Senate Majority Leader Harry Reid to condemn the plan.
The operating system was unveiled with the iPhone at the Macworld Conference & Expo on January 9, 2007, and released in June of that year. At the time of its unveiling in January, Steve Jobs claimed: "iPhone runs OS X" and runs "desktop-class applications", but at the time of the iPhone's release, the operating system was renamed "iPhone OS". Initially, third-party native applications were not supported. Jobs' reasoning was that developers could build web applications through the Safari web browser that "would behave like native apps on the iPhone".
On January 28 while attempting to draw contact on a potential game-winning jump shot, he flailed his arm, striking San Antonio Spurs guard Manu Ginóbili in the face with his elbow. Following a league review, Bryant was suspended for the subsequent game at Madison Square Garden against the New York Knicks. The basis given for the suspension was that Bryant had performed an "unnatural motion" in swinging his arm backward. Later, on March 6, he seemed to repeat the motion, this time striking Minnesota Timberwolves guard Marko Jarić. On March 7, the NBA handed Bryant his second one-game suspension. In his first game back on March 9, he elbowed Kyle Korver in the face which was retroactively re-classified as a Type 1 flagrant foul.
Biden declared his candidacy for president on January 31, 2007, after having discussed running for months prior. Biden made a formal announcement to Tim Russert on Meet the Press, stating he would "be the best Biden I can be". In January 2006, Delaware newspaper columnist Harry F. Themal wrote that Biden "occupies the sensible center of the Democratic Party". Themal concludes that this is the position Biden desires and that in a campaign "he plans to stress the dangers to the security of the average American, not just from the terrorist threat, but from the lack of health assistance, crime, and energy dependence on unstable parts of the world".
During the 2006–07 season, Bryant was selected to his ninth All-Star Game appearance, and on February 18, he logged 31 points, 6 assists, and 6 steals, earning his second career All-Star Game MVP trophy.
On March 12, 2007, The Rock appeared on a WWE show after nearly three years, via a pre-taped promo shown during Raw. He correctly predicted that Bobby Lashley would defeat Umaga at WrestleMania 23 in Donald Trump and Vince McMahon's "Battle of the Billionaires" Hair vs Hair match.
On April 13, 2007, Google reached an agreement to acquire DoubleClick for $3.1 billion, transferring to Google valuable relationships that DoubleClick had with Web publishers and advertising agencies.
The Virginia Tech shooting was a school shooting that occurred on April 16, 2007, at West Ambler Johnston Hall and Norris Hall at the Virginia Polytechnic Institute and State University, in Blacksburg, Virginia. Seung-Hui Cho, an undergraduate student at the university and a U.S. resident of South Korean origin, shot and killed 32 people and wounded 17 others with two semi-automatic pistols. Six others were injured jumping out of windows to escape Cho. As police stormed Norris Hall, Cho died by suicide by shooting himself in the head.
A key development for the system was the announcement and release of the iPhone from 2007 onwards. While Apple's previous iPod media players used a minimal operating system, the iPhone used an operating system based on Mac OS X, which would later be called "iPhone OS" and then iOS. The simultaneous release of two operating systems based on the same frameworks placed tension on Apple, which cited the iPhone as forcing it to delay Mac OS X 10.5 Leopard. However, after Apple opened the iPhone to third-party developers its commercial success drew attention to Mac OS X, with many iPhone software developers showing interest in Mac development.
August 9, 2007: BNP Paribas blocked withdrawals from two of its funds, since there was no liquidity, making valuation of the funds impossible – a clear sign that banks were refusing to do business with each other.
On August 23, 2007, the company announced a $2 billion repurchase agreement for Countrywide Financial. This purchase of preferred stock was arranged to provide a return on investment of 7.25% per annum and provided the option to purchase common stock at a price of $18 per share.
On September 14, 2007, Bank of America won approval from the Federal Reserve to acquire LaSalle Bank Corporation from ABN AMRO for $21 billion. With this purchase, Bank of America possessed $1.7 trillion in assets. A Dutch court blocked the sale until it was later approved in July. The acquisition was completed on October 1, 2007.
On September 30, 2007, someone approached a car containing Randall Carson, Justin Glass, and Corey Smith on foot and fired five shots while they were waiting at a Gainesville traffic light after having left a nightclub. Smith was shot in the back of the head, and Glass was shot in the arm. Both men survived. Carson, a back-seat passenger, was uninjured and told police that the shooter was a "Hawaiian" or "Hispanic" male with a large build weighing about 230 lb (100 kg) and having many tattoos. He picked a photo of Hernandez out of a police lineup.
On October 2, 2007, Johnson and his ex-wife donated $1 million to the University of Miami to support the renovation of its football facilities. The University of Miami renamed the Hurricanes' locker room in Johnson's honor.
Prior to October 3, 2007, Visa comprised four non-stock, separately incorporated companies that employed 6,000 people worldwide: the worldwide parent entity Visa International Service Association (Visa), Visa USA Inc., Visa Canada Association, and Visa Europe Ltd. The latter three separately incorporated regions had the status of group members of Visa International Service Association.
On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. Microsoft's purchase included rights to place international advertisements.
In 2007, Mac OS X 10.5 Leopard was the sole release with universal binary components, allowing installation on both Intel Macs and select PowerPC Macs. It is also the final release with PowerPC Mac support. Mac OS X 10.6 Snow Leopard was the first version of OS X to be built exclusively for Intel Macs, and the final release with 32-bit Intel Mac support. The name was intended to signal its status as an iteration of Leopard, focusing on technical and performance improvements rather than user-facing features; indeed it was explicitly branded to developers as being a 'no new features' release. Since its release, several OS X or macOS releases (namely OS X Mountain Lion, OS X El Capitan, and macOS High Sierra) follow this pattern, with a name derived from its predecessor, similar to the 'tick-tock model' used by Intel.
On November 5, 2007, the Open Handset Alliance, a consortium of technology companies including Google, device manufacturers such as HTC, Motorola and Samsung, wireless carriers such as Sprint and T-Mobile, and chipset makers such as Qualcomm and Texas Instruments, unveiled itself, with a goal to develop "the first truly open and comprehensive platform for mobile devices". Within a year, the Open Handset Alliance faced two other open-source competitors, the Symbian Foundation and the LiMo Foundation, the latter also developing a Linux-based mobile operating system like Google. In September 2007, InformationWeek covered an Evalueserve study reporting that Google had filed several patent applications in the area of mobile telephony.
The mascot of Android is a green android robot, as related to the software's name. Although it has no official name, the Android team at Google reportedly call it "Bugdroid". Due to Android's high popularity in the 2010s, it has become one of the most recognizable icons in the technology world. It was designed by then-Google graphic designer Irina Blok on November 5, 2007, when Android was announced. Its popularity amongst the development team eventually led to Google adopting it as an official icon as part of the Android logo when it launched to consumers in 2008.
December 12, 2007: The Federal Reserve instituted the Term Auction Facility to supply short-term credit to banks with sub-prime mortgages.
Forty-five countries pledged US$25.1 billion in "aid for the world's poorest countries", aid that goes to the World Bank International Development Association (IDA), which distributes the loans to eighty poorer countries. While wealthier nations sometimes fund their own aid projects, including those for diseases, and although IDA is the recipient of criticism, Robert B. Zoellick, the former president of the World Bank, said when the loans were announced on 15 December 2007, that IDA money "is the core funding that the poorest developing countries rely on".
On December 23, 2007, Bryant became the youngest player (29 years, 122 days) to reach 20,000 points, in a game against the New York Knicks, in Madison Square Garden, after scoring 39 points to go along with 11 rebounds and 8 assists. This record has since been broken by LeBron James. On March 28, Bryant scored a season-high 53 points to go with 10 rebounds in a loss to the Memphis Grizzlies.
The acquisition was seen as preventing potential bankruptcy for Countrywide. Countrywide, however, denied that it was close to bankruptcy. Countrywide provided mortgage servicing for nine million mortgages valued at $1.4 trillion as of December 31, 2007.