Cut to the News

Sunday, September 28, 2008

LEADING THE NEWS

Deal Struck on Wall Street Bailout . . . Would provide up to $700 billion to administration, but in steps. Legislation must still be written, but agreement looks solid. Washington Post
Paul Newman Dead at 83 . . . Legendary film star and cultural icon created a philanthropy fueled by profits from a salad dressing that became nearly as famous as he was. Los Angeles Times

POLITICS

Alaska Rally Protests Palin Firing of Trooper . . . At least a thousand show up in Anchorage for anti-Palin rally. Anchorage Daily News
Senate Sends $634 Billion Spending Bill to Bush . . . Most is for Defense. Would fund other government operations at current levels into March. Bush expected to sign. Associated Press
McCain, Aides Have Strong Ties to Gambling Industry . . . Candidate who loves to roll the dice - literally and figuratively - helped establish Indian casino biz. New York Times
Obama, McCain Back at it After Debate . . . Accuse each other of playing politics with financial crisis. Reuters
Inside the White House Bailout Summit . . . McCain defers to House Republican leader Boehner, who lists new demands, prompting Cabinet Room free for all. Wall Street Journal
U.S. Political Style Invades Europe . . . Politics is a little less snoozy on The Continent. Advent of the "spin docteur" in France and the "spindoktor" in Denmark. Associated Press

NATIONAL SECURITY

U.S. Sending Diplomat to North Korea . . . WIll discuss effort to restart nuclear plant. Fox News
UN Security Council Presses Iran . . . But the measure contained no new sanctions, a bow to Russia and China. New York Times
Taliban in Secret Talks on Ending Afghan Conflict . . . Saudis sponsor peace dialogue involving former senior members of hardline group. Guardian
Islamic Extremists Try to Kill Novel Publisher in UK . . . Forthcoming book features sexual encounters between Prophet Muhammad and his child bride. Times (UK)

BUSINESS

Anger At Bailout Turns on CEO Salaries . . . Congressional offices getting reams of calls opposing Bush's financial market rescue package. McClatchy
Conservatives Divided Over Bailout . . . Some say let the market take its course, others warn of a deep recession.
Washington Times
AIG's Voyage Into Insolvency . . . Insurer had a blind eye to a web of risk. New York Times
Wall Street, RIP . . . Era of swashbuckling trading giants is over. New York Times

WORLD NEWS

Chinese Premier Vows To Improve Food Safety More than 50,000 children sickened by tainted milk.
Associated Press
Ukraine-Russia Tensions Grow . . . Alarmed by war in Georgia, Ukraine imposes new restrictions on Russian ships' movements at its port, suggests raising rent for fleet. Los Angeles Times
One Russian Oligarch Speaks His Mind . . . Aleksandr Y. Lebedev manages criticize Putin and still avoid poison-tipped umbrellas and the like. New York Times
Floods, Landslide Kill 50 in Vietnam and Thailand . . . Thousands of homes are swept away, farmland inundated. Reuters

YOU MUST ALSO KNOW . . .

Marathon World Record Set . . . Haile Gebrselassie runs the Berlin race in 2 hours 59 seconds, breaking his own mark. Associated Press
Former NY Gov. Spitzer Contrite, But Sometimes Angry Works at his father's real estate firm. Discusses ways to rehabilitate image. New York Times
Hurricane Kyle Takes Aim and New England, Canada . . . Forecast to make landfall near the Maine-New Brunswick border early on Monday. Reuters

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