Cut to the News

Saturday, September 20, 2008

LEADING THE NEWS

Bush Administration Unveils Bailout . . . Treasury would buy troubled mortgage securities. Cost could be $800 billion. Bloomberg
Shock Forced Paulson's Hand . . . Treasury Secretary watched his financial-data terminal Wednesday as markets began to go haywire. Wall Street Journal
Pakistan Won't Allow Incursions . . . U.S. has recently stepped up attacks in the country as Taliban gains strength. Reuters

POLITICS

I'm Not Going to be Ignored! . . . Biden keeps punching away, savaging McCain. Unclear if anyone notices.
New York Times
Palin Inquiry Results Before Election . . . Palin camp not cooperating with probe into firing over trooper. New York Times
McCain Keeps Palin Close . . . Tickets usually split up to campaign, but The Popsie and Moxie Show is still on the road.
Washington Post
Palin to Meet With Karzai . . . Session with Afghan president in New York meant to burnish foreign policy creds. Washington Post
McCain, Obama, Point Fingers on Economy . . . McCain outlines a plan. Obama supportive of Bush's moves.
Los Angeles Times
Palin Attracting Church Going Catholics . . . A shift that looks to be more enduring than the post-convention bounce.
Christian Science Monitor

NATIONAL SECURITY

Taliban Thriving in Afghanistan . . . A confident militia fueled by growing discontent with Karzai government and U.S. airstrikes. Washington Post
Moscow to Boost Defense Spending to $50 Billion . . . A post-Soviet high as Russia asserts itself. Georgia conflict exposed deficiencies. Wall Street Journal
Ukranian Port Focus of Concern . . . Russian fleet sits in Sevastopol. Will Moscow try to annex it? McClatchy

BUSINESS

Wall Street Likes a Bailout . . . Market tops off roller coaster week by rising another 368 points. Financial stocks advance. Wall Street Journal
Bush Tries To Lift Confidence . . . Appears in Rose Garden with Paulson, Bernanke, to announce "decisive" action.
Wall Street Journal
Bush Deserves a Share of the Blame . . . Favored less regulation. First two Treasury Secretaries had little influence, weren't of Wall Street. New York Times
Global Markets Stage Record Rise . . . Governments step in to end the turmoil of the past five days. Daily Telegraph

WORLD NEWS

Russia Suddenly Uncertain . . . Stock market down by half since May. Price of oil, lifeblood of economy, declines sharply. New York Times
China Milk Scandal Widens . . . Orders widespread checks on dairy products and recall of tainted items. Over 6,000 children sick. Trading partners barring milk imports. Reuters
Mbeki to Step Down . . . ANC will end South African president's rule before term expires next year. Reuters
New Book Gets Inside Blair Years . . . Prince Philip told Blair spinmeisters to "Fuck off" after Diana's death. Sarkozy confides he can't stop cheating.Guardian

YOU MUST ALSO KNOW . . .

Officials Allow 45,000 Back to Galveston . . . They will face a ruined town lacking in basic necessities.
USA Today
Muslims Fired Amid Prayer Dispute . . . Workers at Nebraska company want a break to worship at sunset. Associated Press
Facing Your Inner Carnivore . . . A reporter trips to the slaughterhouse to watch - and carry out - the killing of livestock.
Chicago Tribune
Huge Particle Collider Won't Swallow Up World . . . Because it's already broken. BBC

Get email alerts when the issue and updates are ready. We won't share your address or spam you.