Cut to the News

Saturday, September 13, 2008

LEADING THE NEWS

Ike Barrels Into Texas . . . Brings a wall of water and ferocious winds and rain that could cause catastrophic flooding and cripple Houston. Reuters
Treasury, Fed in Emergency Meetings on Lehman Paulson tells bankers he is adamant against government bailout. Bank of America is leading candidate to buy ailing firm. Financial Times
Palin Defends Alaska Earmarks . . . In interview, she also diverges from McCain on some social issues, but says her views may not be administration policy. ABC News

POLITICS

Palin Confusion on Bush Doctrine Legitimate . . . Didn't seem to know what it was in interview, but Bush aides say there is no single doctrine. Washington Post
Palin: Obama Regrets Not Picking Hillary . . . "What determination, and grit, and even grace through some tough shots that were fired her way," Palin says. ABC News
Obama Seeks to Regain Footing . . . Portrays McCain as aging, out-of-touch politician who would cater to "fat-cat" lobbyists and continue Bush economic policies. Washington Post
Todd Palin Subpoenaed in Firing Probe . . . State lawmakers vote to gain his testimony. Viewed as central figure in Palin administration. Associated Press
Biden Stingy on Giving . . . He and his wife gave average of $369 a year to charity during the past decade, tax records show. USA Today

NATIONAL SECURITY

Kurds Expand Role in Northern Iraq . . . Group's gradual encroachment in region spurs Arab exodus, raising fears of new sectarian strife. Washington Post
U.S. Links Three Chavez Aides to Colombian Rebels . . . Designation marks escalation in Bush administration's conflict with Chavez. Washington Post
Afghan Governor Killed in Attack . . . Three others also die in bombing. Taliban takes credit. Associated Press
FBI Gaining New Anti-Terror Tools . . . Some fear new rules could harm civil liberties, allow profiling. Washington Times
Nuke Design May Be Available on Internet . . . Libya received its design plans electronically, sparking fears of wider dissemination. The Independent

BUSINESS NEWS

Emerging Economies Feel Pinch . . . U.S. market downturn now cooling red-hot growth of China, India and other developing nations. Washington Post
Retail Sales Unexpectedly Fall . . . Consumers cut back on purchases amid job losses and record foreclosures. Bloomberg
Fannie, Freddie Rescue to Stay Off Budget . . . Could cost taxpayers billions but won't add a penny to the deficit.
Wall Street Journal
Merrill Could Be Next . . . Short sellers eying investment bank, viewed as next weakest after Lehman. Reuters

INTERNATIONAL

Russians Begin Georgia Withdrawal on Schedule Troops depart from region around Georgia's Black Sea port of Poti within ceasefire deadline. Reuters
Bolivian State of Siege Declared . . . Authorities seek to quell restive province. CNN
Pope Celebrates Huge Paris Mass . . . Around 250,000 turn out to hear him condemn passions for power, possessions and money. BBC
Labor MPs in Open Revolt Against Brown . . . Calling for debate and vote on whether British PM should continue as party leader. Daily Telegraph

YOU MUST ALSO KNOW . . .

More Than a Dozen Killed in LA Train Crash . . . Commuter train collides with freighter. Scores are injured. Death toll could climb. Los Angeles Times
Sweet Dreams in Hard Times . . . Lottery ticket sales booming. New York Times
LA Serial Killer Could be Connected to More Killings . . . Already tied to 11 murders, unknown killer being looked at in 30 unsolved cases. Associated Press
New Study Says Warming Worst in at Least 1300 Years Temperature fluctuated over time, but increase during past few decades is bigger. McClatchy

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