Cut to the News

Wednesday, September 24, 2008

LEADING THE NEWS

Economic Fears Give Obama Clear Lead . . . New poll has him up nine points as voters say they trust Dems more to handle economy. Washington Post
Resistance to Paulson Plan Grows . . . Congress mulls alternatives. Poll shows public distaste for bailout. Bloomberg
Democrats Capitulate on Offshore Drilling . . . Will let ban lapse. Had hoped for partial repeal. Victory for GOP.
Associated Press

POLITICS

Palin Meets With World Leaders . . . Huddles with leaders of Afghanistan and Colombia at UN session - mainly to show she can. McClatchy
Obama Says He'll Scale Back His Spending Plans . . . Bailout costs force delay. Approval of bailout could lead to $1 trillion deficit. Washington Times
White House Presses Bailout Amid Bipartisan Outrage . . . Cheney leads contingent to Capitol Hill. Washington Post
Senate Passes $100 Billion Tax Break Package . . . Would help taxpayers avoid growing AM problem. But House bill complicates effort. Associated Press
McCain Lays Out Conditions for Supporting Bailout . . . Sides with Dems on reigning in CEO pay. Associated Press

NATIONAL SECURITY

US-India Nuclear Deal Advances in Senate . . . Unclear if it will pass before adjournment. Associated Press
Bush Goes Multilateral . . . Praises go-it-together approach during final appearance before UN. Chicago Tribune
North Korea Escorts IAEA Out . . . Aims to restart nuclear plant in a week. Reuters
Ahmadinejad Lashes Out at U.S., Israel . . . At UN, declares "American empire" is "reaching the end of its road." Associated Press

BUSINESS

Goldman Sachs Gets Buffet Backing . . . World's top stock picker takes $5 billion of $7.5 billion stock offering, part of major Goldman fundraising plan. Bloomberg
T. Boone Pickens Misses the Market Turn . . . Personal losses of $270 million. Hedge fund down $1 billion. Wall Street Journal
FBI Probing Bailout Firms . . . Investigating Fannie Mae, Freddie Mac, Lehman Brothers and AIG as part of broad look into possible mortgage fraud. CNN
Bernanke Warns of Consequences if Bailout Blocked . . . Tells Congress downturn could be deep and prolonged. USA Today
Google Introduces iPhone Rival . . . T-Mobile G1 combines a touch screen and a keyboard. New York Times

WORLD NEWS

Finnish School Shooter Killed Ten . . . Eight women, two men die in rampage. Killer had been questioned by police the day before. USA Today
Announcement of China Milk Problems Was Delayed . . . Wait may have broadened problems. Possible response to pressure not to release bad news during Olympics. New York Times
Taro Aso Confirmed as Japan Prime Minister . . . The right-leaning former foreign minister will confront a country wracked by political divisions and economic doubts. Associated Press

YOU MUST ALSO KNOW . . .

Hawaiian Airline Pilots Suspended for Sleeping . . . Failed to respond to calls for 17 minutes. Overshot airport by 15 miles. Associated Press
Oliver Stone Film on Bush Coming Next Month . . . "W" chronicles the life of the president. And it's a comedy. USA Today
Blonds Do Have More Fun . . . Women who dye hair blond are more confident and more likely to initiate sex, scientists say.
Daily Telegraph
Agency May Put Wolves Back on Endangered List . . . Fish and Wildlife Service wants to reconsider March delisting, which would allow hunting. New York Times

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