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 NEWS UPDATES
>
Stocks Down, Oil Up
>Mitsubishi to Buy Share of Morgan Stanley
>McCain Questions Paulson Plan
>Bush Demands Quick Action 
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Monday, September 22, 2008                                 
LEADING THE NEWS

Dems Demand Bailout Limits . . . A key sticking point is Democrats' insistence on limits to executive's pay. Washington Post
Nearly 13,000 Chinese Infants in the Hospital . . . More than 54,000 sickened in milk tainting. China's leaders promise harsh punishment for those responsible. Reuters
POLITICS
Old Bush Hands Steering McCain . . . McCain's earlier brain trust still out. Former Bush speechwriter penned Palin's convention address. Washington Post 
Market Ills Help Obama on Policy . . . McCain free market proposals, like private accounts for Social Security, lose lustre.
Wall Street Journal
First Dude in the Mix . . . Todd Palin helps run the family - and Alaska. Washington Post
Race Issue Could Hurt Obama With Dems . . . Poll finds one third of white Democrats harbor negative views toward blacks.
USA Today
Trial of Alaska Sen. Ted Stevens Begins . . . A story of oil and politics. New York Times
Palin to Meet With World Leaders . . . Huddles today with leaders of Afghanistan, Iraq, Pakistan and Georgia in effort to add foreign policy heft. Henry Kissinger too. New York Times

NATIONAL SECURITY
Pakistani Troops Fire on U.S. Helicopters . . . Choppers intruding into airspace turned back. Reuters
Pakistani Leaders' Narrow Escape . . . President, prime minister and military chiefs were supposed to be at hotel that was bombed. BBC
North Korea Acts Further to Restart Reactor . . . Says Washington failed to remove it from terrorist sponsor list as promised. BBC
Russian Navy Ships Set Sail for Venezuela . . . Follows deployment of strategic bombers. Associated Press
BUSINESS
Major Shift for Goldman Sachs, Morgan Stanley 
Will transform themselves into bank holding companies subject to greater regulation.
New York Times
Bankers Rush to Reshape Rescue Plan . . . Lobbyists scurry to ensure as many firms benefit as possible. Wall Street Journal
McCain, Obama Want Edits to Bailout Blueprint . . . McCain says Treasury gets to much power. Obama wants more protections for taxpayers and homeowners. Washington Post 
Gasoline Prices Falling . . . In wake of Ike, prices drop for fifth day in a row. CNN

WORLD NEWS
Japan Picks Outspoken Nationalist to be PM . . . Taro Aso is also an advocate of spending and tax cuts to boost the economy. Reuters
South Africa Likely To Get Female Interim Leader . . . Mbeki steps down. Either his deputy or parliamentary speaker - both women - will succeed until new president chosen. BBC
Livni Seeking to Form Government . . . Meeting with Labor leader Barak, offers him "full partnership." Haaretz

YOU MUST ALSO KNOW . . .
I Respect You. Now Pony Up . . . Traditional guys earn more than those with egalitarian attitudes toward women's roles. Washington Post
'Mad Men' and '30 Rock' Top Emmies . . . Cable shows prove dominant. USA Today
U.S. Takes Ryder Cup . . . Seizes golf trophy for first time since 1999. USA Today
Curtain Falls on Yankee Stadium . . . Old greats turn out to bid farewell. Yanks exit with win. New York Times 


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