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 NEWS UPDATES
>Paul Newman Dies at 83
>Congress Races To Get Bailout Deal
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Saturday, September 27, 2008                                 
LEADING THE NEWS

Obama, McCain Differ Sharply in First Debate  . . . Offer divergent views of how they would manage the country and confront America’s adversaries abroad. New York Times
Negotiators Closing in on Bailout Deal  . . . Central elements of Bush proposal to buy up bad mortgages remain intact.
Wall Street Journal
Pakistani Tribesmen Organize to Fight Militants  . . . Popular resistance movement emerging in Pakistan's Northwest Frontier Province to throw off Islamic extremists. McClatchy
POLITICS
Some Conservatives Concerned about Palin . . . They believe she's out of her league. Negative reviews for her interviews. New York Times
Poll Says Obama Won Debate . . . Viewers give him the edge 51-38. Men evenly split, women go for the Democrat. Obama viewed as being able to handle job. CNN 
Conservatives Viewed Bailout as Last Straw  . . . After years of acceding to Bush, House Republicans found a $700 billion request to be too much. New York Times
Stimulus Bills Pass House, Die in Senate . . . Democratic plan was to spend about $60 billion to stimulate economy. Associated Press
Kennedy Rushed to Hospital, Released . . . Seizure spurs worry about senator, who has brain cancer. Boston Globe
NATIONAL SECURITY
Pakistan Warns U.S. To Stay Out . . . Says it can handle border region. Associated Press
Pakistan Kills 25 Insurgents  . . .  Security forces pound militant positions in a tribal region near Afghanistan. Associated Press
U.S., Russia Agree to Iran Resolution . . . Move shows a willingness to act on common goals despite deteriorating relations. Christian Science Monitor
Russia, Venezuela Sign Deals . . . An energy agreement and a
$1 billion loan for Chavez to buy Russian arms.
Wall Street Journal
'Development Surge' Planned for Afghanistan . . . NATO plans civil works projects in eastern Afghanistan to win over tribes in Pakistan border regions. Washington Post

BUSINESS
Troubled Wachovia Seeks a Merger  . . . Potential buyers include Wells Fargo, Banco Santander and Citigroup. Wall Street Journal
SEC Concedes Voluntary Regulation Didn't Work  . . . Ends program begun in 2004. New York Times
Lending Freezes as Fear Grips Capital Markets . . . Credit is so tight, routine transactions are hobbled. With interbank lending stifled, regulators are worried. Los Angeles Times
WORLD NEWS
Chinese Regulators Ignored Warnings on Milk . . . Raises question of whether Communist Party is capable of creating accountable regulatory regime. New York Times
Car Bomb in Damascus Kills at Least 17 . . . Terrorist attack near Shiite shrine. Reuters
Chinese Astronaut Makes Country's First Spacewalk  . . . Latest milestone in ambitious program that increasingly rivals that of U.S. and Russia. Associated Press
Somali Pirates Maraud in Gulf of Aden . . . World's navies scramble to curb upturn in costly attacks. Washington Post 

YOU MUST ALSO KNOW . . .
Indiana Crash Kills Four Children . . . School bus collided with two dump trucks, killing the four young special-needs students aboard. Associated Press
Wall Street Woes Worry Charities, Arts Groups  . . . Financial services industry gives big to museums, colleges, hospitals and social service organizations worldwide. Associated Press
Scientists Report Stem Cell Advance . . . Could help bypass use of embryonic cells. Washington Post
World Leaders Say End of Malaria May Be Near . . . With
$3 billion in new pledges, ambitious goal to stop malaria deaths by 2015 within reach. Los Angeles Times


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