Cut to the News

Tuesday, September 23, 2008

LEADING THE NEWS

Doubts on Bailout Spur Market Havoc . . . Dollar plummets on debt fears. Oil rises $16 to nearly $121, biggest one-day gain ever. Dow declines 372. Wall Street Journal
Treasury Concedes Key Points on Legislation . . . Accepts Dems demands for oversight, homeowner aid, equity stake. Disagreement on CEO pay. Wall Street Journal

POLITICS

McCain, Obama Assess Politics of Plan . . . Both have criticisms of Treasury proposal, and neither commits to backing legislation. Wall Street Journal
Financial Firms Gave Big to Lawmakers Crafting Bailout
Now they're lobbying for favorable language. Los Angeles Times
Let the Voting Begin . . . Absentee ballots for president already being cast. Up to half in some states may vote by Election Day.
Wall Street Journal
Biden Was Against Ad Before He Was For It . . . In his latest faux pas, Biden criticizes Obama ad, then kind of takes it back. Washington Post
Opinion: Obama Had Working Relationship with Radical Has claimed Weather Underground founder Bill Ayers was just a guy in the "neighborhood." Stanley Kurtz
Opinion: McCain Loses His Head . . . Who got flustered by the economic crisis and started lashing out blindly? Not Obama. George Will

NATIONAL SECURITY

Afghan Violence to Worsen . . . Taliban readying winter offensive. Wall Street Journal
Iraq Street Patrols Getting Out of Hand . . . They helped curb violence, but now they're helping create it. New York Times
Bush Reviewing Afghanistan Policy . . . High level meetings on how to handle growing challenges, define mission. New York Times
Pakistan Says it Killed Dozens of Militants . . . Offensive in tribal areas designed to deny safe haven to terrorists. Associated Press

BUSINESS

Treasury Plan Under Siege From Ivory Tower . . . Many experts and academics say it's the wrong approach.
New York Times
Retirees on the Front Lines . . . Older Americans are among the hardest hit by financial market turmoil and have the least opportunity to recover. New York Times
Hurray for America! Go Get 'em! Yourself! . . . Foreign nations pledge support for bailouts, but not financing. New York Times
That Which Doesn't Kill Me Makes Me Stronger . . . Firms viewed as too big to fail may bounce back even bigger due to perceived government backing. Washington Post

WORLD NEWS

Mortar Attack Kills Up To 30 in Somalia . . . Violence comes as Islamist insurgents appear to be gaining. Associated Press
Student in Finland Goes on Rampage . . . Kills several at college before doing in himself. BBC
British PM Pleads For His Job . . . Gordon Brown offering speech today in which he says he's the man to lead Britain through economic crisis. Guardian

YOU MUST ALSO KNOW . . .

Immigration Slows Dramatically . . . Government crackdown, lagging economy, diminish flow across the border. Wall Street Journal
Arctic Ice Melt Brings Methane to the Surface . . . Gas is 20 times more potent than CO2 as a global warming agent. independent
New Prostate Cancer Therapy Stirs Debate . . . Proton therapy spares surrounding tissue but costs a lot. Wall Street Journal
New York City White Flight Ends . . . A half century trend is reversed as percentage of whites rises a bit. New York Times
Thanks for Dinner. Can We Stay? Forever? . . . Dramatic rise in number of people moving in with children, siblings, and other relatives. USA Today
No Bedside Manners . . . Doctors in study show little empathy for their patients. USA Today

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