Cut to the News

Monday, September 8, 2008

LEADING THE NEWS

U.S. Seizes Mortgage Giants . . . Government takeover of Fannie Mae and Freddie Mac Could cost $200 billion. Wall Street Journal
Ike Pounds Cuba, Heads to Gulf . . . Massive hurricane threatens oil platforms, possibly New Orleans. Reuters
Bush marginalized Joint Chiefs . . . Went his own way in developing surge strategy. Latest excerpt from Bob Woodward book. Washington Post

POLITICS

McCain Moves Ahead in Poll . . . Leads 50-46 percent, according to Gallup. Palin helps close the "enthusiasm gap." USA Today
Palin to Start Doing Interviews . . . First will be with Charles Gibson of ABC. Has been kept from press since pick was announced. Reuters
Palin's Shortcomings as Governor Described . . . Critics say she lacks follow through, attention to details. Los Angeles Times
MSNBC to Remove Olberman, Matthews, as Anchors . . . Amid accusations of bias, network will have David Gregory host coverage of debates and election night instead. New York Times
Bush to Press Congress for India Nuke Deal . . . Wants approval by end of month, when Congress scheduled to recess.
Wall Street Journal
Biden: Life Begins at Conception . . . View dictated by his Catholic faith, he says. Obama said question was "above my pay grade." New York Times
Lawsuit Seeks Preservation of Cheney Papers . . . Advocates are concerned he will try to obscure role in administration by getting rid of records. Washington Post

NATIONAL SECURITY

Video of Contested Raid Found . . . Afghanis say U.S. killed 90 civilians. U.S. says Seven. USA Today
U.S. Official: Russia Wants to Corner Energy Markets . . . Leaders working to ensure as much energy as possible must flow through Russia. Reuters
U.S. Drones Kill 13 in Pakistan . . . Seven militants among the dead. Reuters
Venezuela, Russia to Stage Caribbean Military Exercises Could occur before end of the year. New York Times
Pentagon Weighs Cyberspace Offensive . . . Senior officials pushing military to learn how to attack other nations' computers.
Los Angeles Times

BUSINESS NEWS

Washington Mutual Ousts CEO . . . Kerry Killinger is latest casualty of mortgage meltdown. Bank has lost of as much as $19 billion. Wall Street Journal
Altria Buys Maker of Skoal Brand . . . Deal would put two of tobacco's biggest brands Marlboro, and Skoal, under one roof.
Wall Street Journal
OPEC Debating Cuts . . . Venezuela, Iran want cuts to keep price above $100. Gulf would hold off. Meeting Tuesday. Wall Street Journal
The Downfall of Fannie and Freddie . . . Failing to attract investors, the options dwindled to one. New York Times

INTERNATIONAL

Scores Feared Dead in Egyptian Rock Slide . . . Over 30 homes flattened in Cairo shantytown. Some 200 may be buried beneath rubble. Daily News Egypt
Israeli Police Recommend Indicting Olmert . . . Charges against PM would include bribe-taking, fraud and breach of trust.
New York Times
Mbeki Seeking to Revive Zimbabwe Talks . . . South African Leader arrives in country as Mugabe threatens to form government alone. BBC
Africa Becoming Biofuel Battleground . . . Western companies pushing to acquire vast stretches of African land to meet world's biofuel needs. Der Spiegel

YOU MUST ALSO KNOW . . .

Obesity Surgery Cost-Effective . . . Price tag of between $17,000 and $26,000, is offset within two to four years by medical cost savings. Wall Street Journal
Serena Williams Wins U.S. Open . . . Nadal out in semis on the men's side. Reuters
Former FBI Agent Facing Murder Rap . . . John B. Callahan accused of setting in motion mob hit. Boston Globe

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