Cut to the News

Tuesday, September 9, 2008

LEADING THE NEWS

Bush Shifting Troops From Iraq to Afghanistan . . . Would withdraw 8,000 from Iraq before he departs office and add 4,500 to effort in Afghanistan. Wall Street Journal
Fannie, Freddie Bailout Greeted With Relief . . . Stocks rise around the world. Mortgage rates decline. Wall Street Journal
Russia Pledges Limited Withdrawal From Georgia . . . Deal between Medvedev and Sarkozy would keep troops in separatist regions. BBC

POLITICS

Trouble for Obama's Money Machine . . . Campaign struggling to meet ambitious fund-raising goals in wake of decision to pass up federal help. New York Times
McCain, Obama Have Contrasting Itineraries . . . Republican focusing on traditional battleground states, while Obama targets GOP strongholds. Los Angeles Times
Independents Flocking to McCain . . . Support jumps 12 percent in recent days. Washington Times
Palin, McCain Appear to Have Personal Chemistry . . . Her presence fires up the senator. Bloomberg
Palin Billed State for Children's Travel Expenses Also charged a per diem for nights spent at home, an expense that was technically permitted. Washington Post
Abramoff Associate Arrested . . . Lobbyist and former congressional staffer Kevin Ring accused of lavishing trips and tickets on lawmakers in return for favors. Washington Post

NATIONAL SECURITY

Predator Drone Attack Kills 20 . . . Missile hit religious school, Taliban leader's home. Washington Post
Three Guilty in Britain in Plot to Commit Mass Murder . . . But jury fails to reach decision on whether they intended to blow up airliners over ocean. Guardian
U.S. Still 'Dangerously Vulnerable' to WMDs . . . Progress made in keeping weapons from terrorists, but not enough, new report says. Associated Press

BUSINESS NEWS

Bailout Threatens Some Banks . . . Dozens see investments in Fannie Mae and Freddie Mac wiped out. Washington Post
Battle Begins Over What to do With Mortgage Giants . . . Should they be rebuilt or simply torn apart? New York Times
Golden Parachutes for Fannie, Freddie CEOs . . . They've already made millions and will leave with millions more.
Los Angeles Times
Internet Panic Roils United Stock . . . Article that airliner was filing for bankruptcy turned out to be six years old. Chicago Tribune
Fed Likely to Hold Rates Steady . . . No increase expected as economy shows few signs of improving. Wall Street Journal

INTERNATIONAL

Asif Ali Zardari Sworn in as Pakistan President Bhutto widower faces severe economic problems and a rampant Islamist insurgency. BBC
Thai Prime Minister Ordered to Resign . . . Violated constitutions by appearing on cooking show. BBC
Health of Kim Jong-il in Question . . . Reports of illness proliferate. Fails to appear at North Korea's 60th birthday festivities. Reuters
Russia's Restless Muslim Republics . . . Country's problems mirror Georgia's difficulty with Abkhazia and Ossetia. Der Spiegel

YOU MUST ALSO KNOW . . .

Federer Takes U.S. Open . . . Fifth consecutive open title and 13th grand slam overall. USA Today
Top NFL Quarterback Out . . . Tom Brady of New England Patriots will undergo season-ending Knee surgery. Boston Globe
O.J. Deja Vu . . . Disgraced former football great gets ready to stand trail again. Las Vegas Review-Journal
Ike Continues to Aim at Gulf . . . Hurricane tears through Cuba. Reuters

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