Cut to the News

Friday, September 19, 2008

LEADING THE NEWS

Government Preparing Sweeping Intervention . . . Designing comprehensive attack that would take take bad loans off banks' balance sheets. Wall Street Journal
Dow Rebounds 410 Points . . . Investors heartened by signs government is taking more drastic steps to tamp down problems plaguing financial markets. New York Times

POLITICS

Obama Gains in Polls . . . Focus on economy helps erase McCain's boost from Republican convention, gives Obama a small lead. Bloomberg
McCain Ditches Spontanaiety . . . Old freewheeling appearances replaced by more aggressive, scripted show. New York Times
Palin Backed Road to Nowhere . . . Continues to build road to Bridge to Nowhere. Kept federal money meant for bridge and spent it elsewhere. Los Angeles Times
Palin Attuned to Voters, But Not the Nitty Gritty . . . Little patience for political relationships and give and take of legislating. Not attentive to details. Washington Post
McCain Calls For Firing SEC Chairman . . . Says Obama wades in gloom of economy. Obama ties McCain to lobbyists. Washington Post
Todd Palin Won't Testify in Troopergate Probe . . . Sarah Palin had pledged full cooperation. McClatchy

NATIONAL SECURITY

North Korea Restarting Reactor . . . Accuses U.S. of reneging on agreement obligations. Associated Press
Gates Urges Cautious NATO Approach to Russia . . . Wants to reassure East European allies while not provoking Russia. But Rice gives a tough speech. New York Times
NATO Plots Rapid Reaction Force . . . Washington pushing mobile defensive force that could be deployed to a threatened member country. Times (UK)
U.S. to Send Advisers to Pakistan . . . Long delayed move to help train Pakistanis to fight militants. Los Angeles Times
Russia Courts Leftist Nations . . . Bolivia, Nicaragua and Venezuela among the most prominent. Washington Times

BUSINESS

SEC Halts Short Selling of Financials . . . Move helps boost stocks. Regulators in UK, AGs in several states, and pension funds all crack down on short sellers. Bloomberg
Russian Trading Reopens, Leads Emerging Market Gains
Authorities around the world take steps to shore up banks and prevent further flight from riskier assets. Bloomberg
Backlash Against Intervention . . . Some say too much already being done. Bloomberg
Team of Three Battles the Crisis . . . Paulson, Bernanke, and NY Fed Bank Chairman Tim Geithner are determining the economy's future. Washington Post
Investors Flee Money Market Funds . . . Usually viewed as safe, the industry struggles to reassure investors. USA Today

WORLD NEWS

Livni Having Trouble Unifying Kadima Party . . .
Defeated rival for leadership of top Israeli party walks out. Olmert will wait to resign. Jerusalem Post
Massive Milk Recall in China . . . Suppliers suspected of adding illegal chemical after diluting product. BBC

YOU MUST ALSO KNOW . . .

Does Genetics Determine Politics? . . . Study says conservatives born more fearful, want to protect established order, strengthen national defense. Los Angeles Times
Megachurches More Intimate Than Thought . . . Offer more personal worship and sense of community than smaller churches, study says. Washington Post
Ike Aftermath: A public health emergency . . . Doctors treat a flood of hurricane-related injuries and illnesses. USA Today
Genetically Engineered Animals May Soon Be Served . . . Faster growing fish, cattle that resist mad cow disease, heart-healthier eggs all possibilities. Associated Press

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