Cut to the News

Thursday, September 18, 2008

LEADING THE NEWS

Worst Crisis Since the 30s, With No End in Sight . . . Hopes that financial problems could be contained have now evaporated. Wall Street Journal
Stocks Plunge Again as Investors Seek Safety . . . Bellwethers pummeled along with financials as Dow drops 450. A flight to Treasuries. Goldman Sachs takes a hit. New York Times
Tzipi Livni On Track to Be Israel Prime Minister Wins top party's leadership. Would be country's second woman PM. Haaretz

POLITICS

McCain Seen Less Likely to Bring Change . . . Widely viewed as "typical Republican" who would continue or expand Bush policies, poll finds. New York Times
McCain Makes Pitch for Latino Vote . . . Seeks to dent Obama's image on immigration. Los Angeles Times
Congress Left on Sidelines of Credit Crisis . . . Last minute briefing by Paulson, Bernanke on AIG takeover. Washington Post
Election Day Mess Ahead . . . High turnout and new procedures may cause long lines and cost thousands chance to vote.
Washington Post
Palin's Yahoo Account Hacked . . . Several innocuous emails posted online. New York Daily News
Alaska's Rep. Young Survives Primary Challenge . . . Defeats Palin ally by narrow margin. McClatchy

NATIONAL SECURITY

Yemen Arrests 30 in Embassy Attacks . . . Al Qaeda believed responsible. U.S. sending teams. Reuters
Helicopter Crash Kills Seven U.S. Soldiers . . . Accident occurs as chopper flying into Iraq from Kuwait. Associated Press
Senators Express Doubt on FBI Anthrax Findings . . . Leahy, one of those targeted in anthrax mailings, believes Ivins not only one involved. USA Today

BUSINESS

Morgan Stanley in Talks With Wachovia, Others Seventh straight decline in share price sends its stock to lowest level since 1998. Wall Street Journal
Several Companies Eying Washington Mutual . . . Troubled bank may get offers for portions of it business from JPMorgan, Citigroup, Bank of America and Wells Fargo. Bloomberg
Worst Holiday Sales Season Since '91 Recession Looms Rising unemployment, tighter credit and other hardships on households. USA Today
World Central Banks Pump Money Into System . . . Fed move mirrored by banks in Britain, Europe, Canada, Japan. Independent

WORLD NEWS

Russia to Protect Georgian Enclaves . . . Medvedev signs treaties with Ossetia and Abkhazia. Stationing of troops and bases would be permitted. New York Times
China Formula Scare Spreads to Milk Products . . . Hong Kong orders recall of Chinese company's products after milk, ice cream and yogurt found contaminated with melamine. Reuters
Nigerian Militants Step Up Attacks . . . Strike oil facilities and military positions. Christian Science Monitor
Moscow Markets Remain Closed Today . . . Government tries to stem plunge in share prices and restore confidence in economy.
BBC

YOU MUST ALSO KNOW . . .

Studies Show Less Need for Colonoscopies . . . CT scans appear to be just as effective. Some patients also can wait longer between screenings. Wall Street Journal
U.S. Charities Unprepared for Major Disaster . . . Red Cross, others, can't meet needs in aftermath of terrorist attack or natural disaster. Washington Post
Amid Problems, U.S. Outlook Brightens . . . Americans feel better about personal finances, job security and their children's prospects, survey finds. Reuters
Someone's Watching Over Me . . . Fifty Five percent of adults in U.S believe they've been protected by a guardian angel. USA Today

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