Aaron's Daily WWW Newspaper

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This edition was generated on Tue Mar 18 08:45:01 EDT 2008

Table of Contents

General News Update
Sports News Update
Business News Update
Miscellaneous Daily Information
Boston Area Weather


General News Update

Yahoo! Reuters Headlines-General News:

Fed poised to cut interest rates again
Federal Reserve Board Chairman Ben Bernanke in Washington, February 14, 2008. The Fed is expected to slash interest rates by as much as a whole percentage point at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis. (Hyungwon Kang/Reuters)
Enlarge Photo
Reuters
AP - 24 minutes ago

WASHINGTON - The Federal Reserve is expected to aggressively lower interest rates in its intensified battle against the credit crisis and spreading economic weakness. The question is whether all of the effort will turn the tide.

  • Governor David A. Paterson gives his inaugural address after being sworn in as the 55th governor of the state of New York at the state capitol building in Albany, New York March 17, 2008. (Keith Bedford/Reuters)
    Report: New NY governor admits affair AP - 1 hour, 40 minutes ago

    ALBANY, N.Y. - With his predecessor's term doomed by a sex scandal, brand-new Gov. David Paterson tried to come clean about his own skeletons just hours after assuming office by acknowledging a years-old affair.

  • This photo made from NASA TV shows shuttle astronaut Michael Foreman, left, and astronaut Richard Linnehan work outside the international space station putting together Dextre, the final element of the station’s Mobile Servicing System which is designed for station maintenance and service on Saturday March 15, 2008. The robot's hands were attached to its 11-foot arms during the first spacewalk of Endeavour's space station trip. This time, astronauts aimed to connect the arms to the shoulders. The Canadian-built Dextre, which cost more than $200 million and was flown up on Endeavour. The hope is that the robot eventually will take over some of the more punishing chores, like lugging around big replacement parts. (AP Photo/NASA)
    Astronauts to attach robot to station AP - 2 hours, 8 minutes ago

    HOUSTON - Now that the space station's new robot is fully assembled, astronauts prepared to attach the giant machine directly to the orbiting outpost for the first time on Tuesday.

  • Amazon says Vista SP1 to arrive Tuesday AP - 1 hour, 1 minute ago

    SEATTLE - A major package of updates and security fixes for Microsoft Corp.'s Windows Vista operating system will be available for download Tuesday, according to Amazon.com Inc.'s Web site.

  • Sean 'Diddy' Combs arrives at the 80th Academy Awards at the Kodak Theatre in Los Angeles in this February file photo. Combs has denied a report by the Los Angeles Times that his associates were responsible for the 1994 robbery and shooting of Tupac Shakur at a New York recording studio, and that he knew about the attack in advance.  (AP Photo/Chris Pizzello, FILE)
    Diddy denies LA Times' Tupac story AP - 2 hours, 8 minutes ago

    LOS ANGELES - Sean "Diddy" Combs has denied a report by the Los Angeles Times that his associates were responsible for the 1994 robbery and shooting of Tupac Shakur at a New York recording studio, and that he knew about the attack in advance.

  • Coppin State guard Antwan Harrison shoots free throws during practice, Monday, March 17, 2008, in Dayton, Ohio. Coppin State will play Mount St. Mary's in the NCAA play-in game Tuesday, March 18. (AP Photo/Al Behrman)
    NCAA tourney starts tonight with play-in AP - 1 hour, 2 minutes ago

    DAYTON, Ohio - The NCAA men's basketball tournament begins tonight with the play-in game between Coppin State and Mount St. Mary's.

  • The Bear Stearns building in New York March 17, 2008. (Chip East/Reuters)
    Markets set for big Fed rate cut as turmoil persists Reuters - 1 hour, 13 minutes ago

    WASHINGTON/LONDON (Reuters) - The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting later on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.

  • Police stand guard along a street during a riot in Lhasa, Tibet, in this frame grab from China's state television CCTV March 14, 2008. (CCTV via REUTERS TV/Reuters)
    China and Dalai Lama trade barbs over Tibetan riots Reuters - 1 hour, 16 minutes ago

    BEIJING (Reuters) - China accused the Dalai Lama on Tuesday of orchestrating Tibetan riots to wreck Beijing's Olympic Games, but the exiled spiritual leader denied the charge and vowed to stand down if the violence spiraled out of control.

  • US Democratic presidential candidate Senator Barack Obama (D-IL) speaks during a town hall meeting at the Community College of Beaver County in Monaca, Pennsylvania March 17, 2008. (Jason Cohn/Reuters)
    Obama seeks to quell pastor controversy in speech Reuters - 28 minutes ago

    PHILADELPHIA (Reuters) - Presidential candidate Barack Obama will seek to quell a controversy over inflammatory rhetoric by his former pastor in a speech on Tuesday on the issue of race.

  • Secretary of Defense Robert Gates and Secretary of State Condoleezza Rice meet their Russian counterparts Defense Minister Anatoly Serdyukov and Foreign Minister Sergei Lavrov (both unpictured) in Moscow March 18, 2008. (Kevin Lamarque/Reuters)
    U.S., Russia fail to agree on missile shield: report Reuters - 26 minutes ago

    MOSCOW (Reuters) - Basic disagreements remain between Moscow and Washington over U.S. plans for a missile defence shield, the Interfax news agency reported on Tuesday, quoting a source close to talks between the two countries' foreign and defense ministers.

  • Iraqi security forces and residents gather at the scene of a bomb attack in Kerbala March 17, 2008. (Mushtaq Muhammed/Reuters)
    Iraq reconciliation talks hit by walkouts Reuters - 49 minutes ago

    BAGHDAD (Reuters) - A conference to reconcile Iraq's warring political groups began to unravel even before it got under way on Tuesday, with the main Sunni Muslim Arab bloc pulling out and protesting it had not been properly invited.

  • A salesman takes a rifle off the rack to show a customer at the Cabela's store in Fort Worth, Texas, March 7, 2008. (Jessica Rinaldi/Reuters)
    High court considers landmark gun-rights case Reuters - 37 minutes ago

    WASHINGTON (Reuters) - The U.S. Supreme Court considers on Tuesday a landmark legal battle over gun rights, taking up for the first time in nearly 70 years whether Americans have the right to keep and bear arms.

  • Feb home starts fell 0.6 pct to 1.065 mln pace Reuters - 6 minutes ago

    WASHINGTON (Reuters) - U.S. home building projects started in February fell by 0.6 percent to a higher-than-expected annual rate while building permit activity, a sign of future construction plans, dropped off 7.8 percent, a government report on Tuesday showed.

  • Sean 'Diddy' Combs attends the Heatherette 2008 collection during New York Fashion Week September 11, 2007. (Eric Thayer/Reuters)
    "Diddy" Combs linked to Tupac shooting: report Reuters - Mon Mar 17, 8:23 PM ET

    LOS ANGELES (Reuters) - The Los Angeles Times has linked two former associates of rap mogul Sean "Diddy" Combs to a 1994 assault on singer Tupac Shakur and suggested Combs knew of the attack in advance. Combs called the story "a lie."

  • Chinese Premier Wen Jiabao has said that China has evidence linking the Dalai Lama to the deadly unrest against Chinese rule in Tibet, as he accused protesters of trying to sabotage the Beijing Olympics.(AFP/Frederic J. Brown)
    Dalai Lama offers to resign, Tibet exiles say 19 more dead in China AFP - 27 minutes ago

    DHARAMSHALA, India (AFP) - The Dalai Lama vowed Tuesday he would resign as leader of Tibet's exiles if violence back home worsened, just hours before his aides said 19 people were killed in new demonstrations.

  • The US Federal Reserve building in Washington, DC. The Federal Reserve is likely to follow its emergency weekend move to help ease credit gridlock with a large rate cut Tuesday in a bid to stem a mushrooming financial crisis, analysts say(AFP/GETTY IMAGES/File/Chip Somodevilla)
    World markets attempt rebound before Fed decision AFP - 13 minutes ago

    LONDON (AFP) - World stock markets rallied sharply on Tuesday before a widely expected sharp cut in US interest rates by the Federal Reserve to fight the global credit crisis which sank Bear Stearns, dealers said.

  • Democratic presidential hopeful Hillary Clinton delivers a speech in Washington DC. Clinton's rival Barack Obama was expected to take on directly the testy issue of race in politics in a major address aimed at distancing himself from the inflammatory statements by his former pastor.(AFP/GETTY IMAGES/Mark Wilson)
    Under pressure, Obama to tackle race in major speech AFP - 1 hour, 2 minutes ago

    WASHINGTON (AFP) - Democrat Barack Obama was expected Tuesday to take on directly the testy issue of race in politics in a major address aimed at distancing himself from the inflammatory statements by his former pastor.

  • Rogue trader Jerome Kerviel (seen here earlier this year) has been freed on bail while French investigators continue their probe into his role in the biggest ever bank trading scam, the prosecutor's office said.(AFP/File/Martin Bureau)
    French rogue trader Kerviel released on bail AFP - 18 minutes ago

    PARIS (AFP) - Rogue trader Jerome Kerviel was freed on bail Tuesday while French investigators continue their probe into his role in the biggest ever bank trading scam, the prosecutor's office said.

  • A camp for displaced people in Baghdad. Iraqis are still fleeing their country five years after the US-led invasion and top the list of asylum seekers in the industrialised world, the UN refugee agency said Tuesday(AFP/File/Sabah Arar)
    UN refugee agency says Iraq fuelling rise in asylum seekers AFP - Tue Mar 18, 5:18 AM ET

    GENEVA (AFP) - Iraqis are still fleeing their country five years after the US-led invasion and top the list of asylum seekers in the industrialised world, the UN refugee agency said Tuesday.

  • Chinese Premier Wen Jiabao (L) gestures as he chats with Chinese President Hu Jintao (R) at the National People's Congress in Beijing on March 16. Mounting pressures will make it hard to keep inflation down to the Chinese government goal of 4.8 percent this year, Wen said.(AFP/Teh Eng Koon)
    Inflation top priority for China: Wen AFP - Tue Mar 18, 1:26 AM ET

    BEIJING (AFP) - Taming inflation while ensuring steady economic growth is China's top priority, but mounting pressures will make targets hard to achieve, Premier Wen Jiabao told reporters on Tuesday.

  • The US Federal Reserve building in Washington, DC. The Federal Reserve is likely to follow its emergency weekend move to help ease credit gridlock with a large rate cut Tuesday in a bid to stem a mushrooming financial crisis, analysts say(AFP/GETTY IMAGES/File/Chip Somodevilla)
    Fed set to slash rates to battle banking liquidity crisis AFP - 48 minutes ago

    WASHINGTON (AFP) - The US Federal Reserve could cut interest rates by as much as one percentage point on Tuesday in a drastic effort to halt a mushrooming financial crisis, analysts say.

Most Popular Top Stories

  • An Iraqi boy stands in the ruins of former the Iraqi air force headquarters, turned into a parking lot, in central Baghdad, Iraq, Tuesday, March 18, 2008. The buildings were destroyed in the 'Shock and Awe' bombing campaign at early stages of the US led invasion on Iraq in March 2003. (AP Photo/Khalid Mohammed )
    Iraq invasion was "successful endeavor": Cheney Reuters - Mon Mar 17, 12:16 PM ET

    BAGHDAD (Reuters) - U.S. Vice President Dick Cheney on Monday declared the 2003 U.S.-led invasion of Iraq a "successful endeavor" in a visit to Iraq that was overshadowed by a suicide bombing that killed at least 25 people.

  • An auction sign is displayed in front of a home in California, February 2, 2008 file photo. The housing crisis and credit crunch may end the American dream of property ownership for millions of borrowers, but for landlords seeking bargain property to rent out the market is looking up. (Kimberly White/Reuters)
    Landlords find deals in housing crisis Reuters - Mon Mar 17, 6:57 AM ET

    LOMBARD, Illinois (Reuters) - The housing crisis and credit crunch may end the American dream of property ownership for millions of people, but for landlords seeking bargain investment properties the market is looking up.

  • French NATO peacekeeping troops protect the U.N. court compound during clashes in the ethnically divided city of Kosovska Mitrovica March 17, 2008. (Nebojsa Markovic/Reuters)
    NATO holds line in north Kosovo after Serb riots Reuters - Mon Mar 17, 4:59 PM ET

    MITROVICA, Kosovo (Reuters) - NATO troops were left holding the line against a hostile Serb population in north Kosovo on Monday after riots forced the pullout of United Nations police and civilian staff.

  • A man walks into the headquarters for Bear Stearns in New York, March 14, 2008. (Lucas Jackson/Reuters)
    JPMorgan to buy Bear Stearns for $2 a share Reuters - Mon Mar 17, 12:52 AM ET

    NEW YORK (Reuters) - JPMorgan Chase & Co said on Sunday it would buy stricken rival Bear Stearns for just $2 a share in an all-stock deal that values the U.S. investment bank at the centre of the credit crisis at about $236 million.

  • Tribesmen look at a damaged car after a missile attack near the town of Wana in South Waziristan March 16, 2008. Up to three missiles struck a house in a Pakistani region known as a safe haven for al Qaeda and Taliban militants on Sunday, killing 12 people including eight foreign militants, officials in the area said. (Kamran Wazir/Reuters)
    Missiles hit Pakistan's Waziristan, 12 militants dead Reuters - Sun Mar 16, 9:40 AM ET

    WANA, Pakistan (Reuters) - Up to three missiles struck a house in a Pakistani region known as a safe haven for al Qaeda and Taliban militants on Sunday, killing 12 people including eight foreign militants, officials in the area said.

Sports News

Yahoo! Reuters Headlines-Sports:

Dice-K to start Red Sox opener in Japan

AP - Mon Mar 17, 7:54 PM ET

TAMPA, Fla. - Japanese right-hander Daisuke Matsuzaka will start Boston's regular-season opener against the Oakland Athletics in Tokyo on March 25.

Business News

Yahoo! Reuters Headlines-Business:

Wholesale prices jump on energy costs

AP - 1 minute ago

WASHINGTON - Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.

Miscellaneous Daily Stuff

Lateshow Top Ten List

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - March 18, 2008
Boys will be boys, and so will a lot of middle-aged men.
[info][add][mail]
Kin Hubbard (1868 - 1930)
To achieve the impossible dream, try going to sleep.
[info][add][mail]
Joan Klempner
It is absurd to divide people into good and bad. People are either charming or tedious.
[info][add][mail]
Oscar Wilde (1854 - 1900), Lady Windermere's Fan, 1892, Act I
A fine quotation is a diamond on the finger of a man of wit, and a pebble in the hand of a fool.
[info][add][mail]
Joseph Roux

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