Aaron's Daily WWW Newspaper

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This edition was generated on Tue Oct 7 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:

Pressure grows on US to take bold steps on economy
Former rogue trader Nick Leeson, seen here in Hong Kong earlier this year, says governments and central banks do not understand markets, so it is "foolish" to trust them to resolve the current global financial crisis.(AFP/File/Mike Clarke)
Enlarge Photo
AFP/File
AP - 27 minutes ago

WASHINGTON - With panic tightening its grip on investors here and abroad, pressure was growing on the United States Tuesday to take further aggressive steps to stem the economic crisis and swiftly implement a $700 billion financial bailout.

  • Sen. Ted Stevens, R-Alaska, leaves the U.S. District Court in Washington Monday Oct. 6, 2008, after another day on trial. Prosecutors played secretly recorded tapes for first time Monday at the senator's corruption trial. (AP Photo/Jose Luis Magana)
    Stevens unplugged: a defiant, salty health nut AP - 53 minutes ago

    WASHINGTON - Even when he thought no one was listening but his old friend Bill Allen, Sen. Ted Stevens repeatedly proclaimed his innocence in an Alaskan corruption investigation in between lectures on staying healthy and keeping out of prison on obstruction of justice charges.

  • Fan use linked to lower risk of sudden baby death AP - 1 hour, 4 minutes ago

    CHICAGO - Using a fan to circulate air seemed to lower the risk of sudden infant death syndrome in a study of nearly 500 babies, researchers reported Monday. Placing babies on their backs to sleep is the best advice for preventing SIDS, a still mysterious cause of death.

  • In this image released by ABC, Misty May-Treanor and her partner Maksim Chmerkovskiy perform Monday, Sept. 29, 2008 on 'Dancing With The Stars,'  in Los Angeles. (AP Photo/ABC, Kelsey McNeal)
    Misty May-Treanor out of 'Dancing with the Stars' AP - 1 hour, 4 minutes ago

    LOS ANGELES - Misty May-Treanor is too hurt to keep dancing. The 31-year-old "Dancing with the Stars" contestant and Olympic gold medalist volleyball player appeared at the conclusion of Monday's show on crutches and with a cast on her left leg to announce that she's out of the popular ABC dancing competition after injuring herself while rehearsing Friday.

  • In this photo released Monday, Oct. 6, 2008 by International Fund for Animal Welfare, penguins are released by  environmentalists at the Cassino Beach, state of Rio Grande do Sul, Brazil, Saturday, Oct. 4, 2008. More than 370 frigid water penguins that mysteriously stranded in the warm waters of northeastern Brazil have been released into the ocean, environmentalists said. (AP Photo/International Fund for Animal Welfare)
    Penguins ride air force jet to South Atlantic AP - Mon Oct 6, 8:55 PM ET

    SAO PAULO, Brazil - More than 370 penguins that mysteriously washed up on Brazil's equatorial beaches were flown south on a huge air force cargo plane and released closer to the frigid waters they call home, animal advocates said Monday.

  • Boston Red Sox's Jed Lowrie celebrates his game-winning hit against the Los Angeles Angels as he runs to first base during the ninth inning of Game 4 of baseball's American League division series in Boston, Monday, Oct. 6, 2008. The Red Sox won 3-2 to advance to the AL championship series against the Tampa Bay Rays. (AP Photo/Charles Krupa)
    Red Sox and Rays advance to AL Championship Series AP - 1 hour, 6 minutes ago

    ST. PETERSBURG, Fla. - The American League Championship Series will be an all-East Division affair. The Boston Red Sox and Tampa Bay Rays closed out their respective division series in four games Monday and will square off beginning Friday in St. Petersburg. The National League Championship Series between the Philadelphia Phillies and the Los Angeles Dodgers starts Thursday in Philadelphia.

  • Democratic presidential nominee Senator Barack Obama greets diners at the 12 Bones Smokehouse barbeque restaurant in Asheville, North Carolina, October 6, 2008. (Jason Reed/Reuters)
    Obama has 3-point national lead on McCain Reuters - 2 hours, 57 minutes ago

    NASHVILLE, Tennessee (Reuters) - Democrat Barack Obama has a narrow 3-point lead in the U.S. presidential race on Republican John McCain less than a month before the election, according to a Reuters/C-SPAN/Zogby poll released on Tuesday.

  • A man views a screen showing the share prices of Italian companies outside a bank in Milan October 7, 2008. (Stefano Rellandini/Reuters)
    Russia and Iceland move to stem banking crisis Reuters - 11 minutes ago

    REYKJAVIK/LONDON (Reuters) - Iceland sought an emergency bailout from Russia on Tuesday and the Russians unveiled an aid package for their own banks in the latest piecemeal responses to the global financial crisis.

  • A man walks past a Royal Bank of Scotland (RBS) advertisement in Singapore, October 6, 2008. (Alywin Chew/Reuters)
    UK banks in government funding talks as crisis grips Reuters - 5 minutes ago

    LONDON (Reuters) - Britain will hold more talks with banks this week over a possible multi-billion pound injection of public funds, an industry source said as the credit crisis tightened its grip on Europe's main financial center.

  • Tokyo-born American citizen Yoichiro Nambu of the University of Chicago gives a phone interview in his Chicago home October 7, 2008. (John Gress/Reuters)
    Two Japanese and American win physics Nobel Reuters - 34 minutes ago

    STOCKHOLM (Reuters) - Two Japanese scientists and a Tokyo-born American shared the 2008 Nobel Prize for physics for discoveries in sub-atomic particles, the prize committee said on Tuesday.

  • Two men walk past the Reserve Bank of Australia in Sydney October 7, 2008, moments after it announced a cut in official interest rates. (Tim Wimborne/Reuters)
    Australia rate cut stuns, markets thirst for more Reuters - 1 hour, 5 minutes ago

    SYDNEY/TOKYO (Reuters) - Australia stunned markets with its steepest interest cut in 16 years Tuesday and investors expected that other central banks would follow suit in a coordinated move to combat the global credit crisis.

  • Republican vice presidential nominee Alaska Governor Sarah Palin speaks during the vice presidential debate at Washington University in St. Louis, Missouri October 2, 2008. (Jim Young/Reuters)
    Palin warns Florida voters of "rough" campaigning Reuters - 2 hours, 49 minutes ago

    CLEARWATER, Florida (Reuters) - Republican vice presidential nominee Sarah Palin told Florida's voters on Monday to expect "rough" campaigning as she seeks to halt a slide in opinion polls in a state that could make or break Sen. John McCain's White House bid.

  • North Korean soldiers look south at the truce village of Panmunjom, north of Seoul, September 17, 2008. (Jo Yong-Hak/Reuters)
    South Korea dismisses North's nuclear "ultimatum" Reuters - 1 hour, 33 minutes ago

    SEOUL (Reuters) - South Korea's foreign minister played down on Tuesday the notion that North Korea delivered an ultimatum when it held talks last week with a visiting U.S. envoy who was trying to save a floundering nuclear disarmament deal.

  • Women in burqas walk behind a German Bundeswehr army gunner of the International Security Assistance Force (ISAF) staying atop of his 'Fuchs' armoured personel carrier during a mission in Taloqan, west of Kunduz, October 5, 2008. (Fabrizio Bensch/Reuters)
    U.S. says Afghan war comments "defeatist" Reuters - 20 minutes ago

    KABUL (Reuters) - Britain's military commander and ambassador in Afghanistan are being "defeatist" by thinking the war cannot be won, U.S. Defense Secretary Robert Gates said, as Washington seeks more troops for the conflict that started exactly seven years ago.

  • A stock trader looks at his screens at Frankfurt's stock exchange on October 6. World stock markets stabilised despite further banking woes across Europe, as Asia pulled back from the brink on hopes of cuts to global interest rates.(AFP/DDP/Martin Oeser)
    World stocks markets steady despite bank woes AFP - 1 hour, 18 minutes ago

    LONDON (AFP) - World stock markets stabilised Tuesday despite a tumbling banking sector across Europe, as Asia pulled back from the brink on the prospect of cuts to global interest rates, dealers said.

  • A technician makes final preparations on the stage where Democratic presidential candidate Barack Obama and Republican presidential candidate John McCain will debate in Nashville, Tennessee. John McCain Monday accused White House rival Barack Obama of obfuscating his past and offering no track record to point a way out of America's deepening economic crisis.(AFP/Paul J. Richards)
    Attacks get personal ahead of second US presidential debate AFP - Tue Oct 7, 4:04 AM ET

    NASHVILLE, Tennessee, (AFP) - Republican John McCain questioned Barack Obama's character, and the Democrat pressed his foe's alleged weakness on economic issues, as tempers escalated ahead of Tuesday's presidential debate.

  • Map locating the Thai parliament in Bangkok where police have fired tear gas at protesters injuring 116 people as months of political turmoil boiled over.(AFP/Graphic)
    Thai police fire tear gas at protesters AFP - Tue Oct 7, 4:13 AM ET

    BANGKOK (AFP) - Thai police fired tear gas Tuesday to try to disperse anti-government protesters blocking parliament, injuring 116 people as months of political turmoil boiled over, police and medics said.

  • Employees work in a Jatropha field in Dimbokro, Ivory Coast in June 2008. The Jatropha produces a seed oil which can be used as diesel oil substitution. The UN food agency has cast doubt on the potential of biofuels to help reduce greenhouse gas emissions while warning that their development threatens food security.(AFP/File/Kambou Sia)
    Biofuel boom threatens food security, UN agency warns AFP - 25 minutes ago

    ROME (AFP) - The UN food agency cast doubt Tuesday on the potential of biofuels to help reduce greenhouse gas emissions while warning that their development threatens food security.

  • The Nobel Assembly announces the winners of the 2008 Nobel Peace Prize for Physics in Stockholm. Japan's Makoto Kobayashi and Toshihide Maskawa, and Yoichiro Nambu of the United States have won the prize for groundbreaking theoretical work in fundamental particles.(AFP/Olivier Morin)
    Japanese duo, US scientist win Nobel for particle physics AFP - 9 minutes ago

    STOCKHOLM (AFP) - Makoto Kobayashi and Toshihide Maskawa of Japan and Yoichiro Nambu of the United States won the 2008 Nobel Physics Prize Tuesday for groundbreaking theoretical work in fundamental particles.

  • Landsbanki CEO Sigurjon Arnason poses in Hong Kong, November 2007. Iceland's government has announced it was taking control of the country's second-biggest bank as Russia said it would lend it four billion euros (5.4 billion dollars) to fend off the engulfing financial turmoil.(AFP/File/Mike Clarke)
    Iceland takes control of second largest bank AFP - 21 minutes ago

    REYKJAVIK (AFP) - The Icelandic government said Tuesday it had taken control of the country's second largest bank, Landsbanki, as the island's financial sector tottered on the verge of collapse.

  • Bank of Japan (BoJ) Governor Masaaki Shirakawa speaks at a press conference at the bank headquarters in Tokyo, September 2008. Shirakawa has said central banks should set monetary policy based on conditions in their own economies, playing down the chances of coordinated interest rate cuts.(AFP/File/Str)
    Japan's central bank wary of coordinated rate cuts AFP - 1 hour, 29 minutes ago

    TOKYO (AFP) - The financial crisis will delay Japan's economic recovery but coordinated global interest rate cuts are not the answer, the country's top central banker said Tuesday.

Most Popular Top Stories

  • A simulation of age-related macular degeneration in an image coutesy of the U.S. Department of Health. (Handout/Reuters)
    Gene discovery may help hunt for blindness cure Reuters - Tue Oct 7, 3:27 AM ET

    LONDON (Reuters) - Scientists have discovered a gene mutation linked to the most common cause of blindness in the developed world, holding out the prospect of better treatments and perhaps eventually a cure.

  • Russia and Iceland move to stem banking crisis Reuters - 11 minutes ago

    REYKJAVIK/LONDON (Reuters) - Iceland sought an emergency bailout from Russia on Tuesday and the Russians unveiled an aid package for their own banks in the latest piecemeal responses to the global financial crisis.

  • A building is reflected in the window of a Bank Of America branch in New York, October 6, 2008. (Lucas Jackson/Reuters)
    BofA earnings tumble, cuts dividend Reuters - Mon Oct 6, 7:40 PM ET

    NEW YORK (Reuters) - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.

Sports News

Yahoo! Reuters Headlines-Sports:

Red Sox beat Angels 3-2, move on to ALCS

AP - 2 hours, 32 minutes ago

BOSTON - The Boston Red Sox brushed aside the 100-win Angels in four games, dismissing their best-in-baseball regular season as last month's news.

Business News

Yahoo! Reuters Headlines-Business:

Asian markets mixed after Australia's big rate cut

AP - 2 hours, 53 minutes ago

SEOUL, South Korea - Asian stocks were mixed Tuesday as a big interest rate cut in Australia helped spur recoveries in several regional markets, sparking hopes that other central banks will lower rates to help loosen the global credit crunch.

Miscellaneous Daily Stuff

Lateshow Top Ten List

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - October 7, 2008
An ignorant person is one who doesn't know what you have just found out.
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Will Rogers (1879 - 1935)
This paperback is very interesting, but I find it will never replace a hardcover book - it makes a very poor doorstop.
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Alfred Hitchcock (1899 - 1980)
The effort to understand the universe is one of the very few things that lifts human life a little above the level of farce, and gives it some of the grace of tragedy.
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Steven Weinberg (1933 - )
Reading is to the mind what exercise is to the body.
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Sir Richard Steele

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