Cut to the News

Friday, September 26, 2008

LEADING THE NEWS

Bush Prevented Israeli Attack on Iran . . . Israel considered move this spring, but Bush said he wouldn't back it and that his view wouldn't change. Guardian
Washington Mutual Fails . . . Largest bank failure in history. Federal regulators seize bank and sell it to JP Morgan.
Wall Street Journal
Bailout Talks Falter . . . Deal that once seemed imminent falls apart. "I didn't know you were Catholic," Pelosi tells Paulson after he implores her on one knee. They'll try again today. New York Times

POLITICS

Alaska Lawmakers: Campaign Blocking Probe McCain/Palin helping witnesses avoid complying with subpoenas in probe of why Palin fired state aide. CNN
Obama Leads McCain Among Jews 57-30 percent . . . But Obama's numbers are far less than Kerry's, Gore's, or Bill Clinton's. Haaretz
McCain Gambit So Far a Failure . . . Suspends campaign, but doesn't get a deal. Sits quietly in White House meeting.
New York Times
Lawmakers Fill Spending Bill With Earmarks . . . More than 2,300 pet projects, including a $2 million study of animal hibernation. New York Times
Fate of Tonight's Debate Not Clear . . . McCain says he hopes for a bailout deal today so he can participate. USA Today
Alaska Sen. Stevens' Corruption Trial Begins . . . Prosecution says he flouted gift rules. Defense says it was all a mistake. Los Angeles Times
Second Part of Palin Interview With Couric . . . Talks foreign policy and of "victory" in Iraq, a rhetorical misstep. Washington Post

NATIONAL SECURITY

Ukraine Not Ready to Join NATO . . . Bush wants it, but pro-West leader is unpopular. McClatchy
U.S., Pakistani Troops Exchange Fire at Border . . . Pakistanis had fired at two American helicopters providing cover for the troops. CNN
German Police Arrest Terror Suspects on Airplane . . . Somali and Somali-born German taken off flight before takeoff in Cologne. Farewell letters found in apartment. Deutsche Welle
Kremlin Offers Chavez $1 Billion to Buy Weapons . . . Venezuelan leader traveling in Russia. New York Times

BUSINESS

Experts Have Doubts on Bailout Plan . . . Economists and industry figures question whether it would work. Lacks assistance for homeowners, small banks. Wall Street Journal
Central Banks Pump in More Money . . . Fed, others ante up in coordinated worldwide move. Financial Times
Markets Calm Despite Storm in Washington . . . Dow up 197 points. Rates on three-month Treasury Bill rise. USA Today
U.S. Almost Certainly in Recession . . . Facing long period of weakness that could push unemployment to its highest level since early 1990s. Boston Globe

WORLD NEWS

McCartney Rocks Tel Aviv . . . Defies death threats to deliver electrifying show forty years after Beatles were forbidden to perform. Jerusalem Post
China Preparing for First Spacewalk . . . Space program to accelerate, official suggests. Associated Press
Anti-apartheid Activist is South Africa's President . . . Mild-mannered Kgalema Motlanthe is widely seen as a caretaker until next year's elections. Associated Press

YOU MUST ALSO KNOW . . .

Evangelist Arrested in Child Sex Probe . . . Tony Alamo Charged with transporting children across state lines for sexual activities. Associated Press
Carbon Dioxide Building Faster Than Thought . . . Emissions released from burning fossil fuels and producing cement increased 2.9 percent last year.Washington Post
Mom is Increasingly the Boss . . . Women continue to gain ground in making key family decisions, even those with the TV remote. Washington Post
Enter Tropical Storm Kyle . . . Drenches Puerto Rico before moving into Atlantic. Could be a hurricane in two days. Reuters

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