Aaron's Daily WWW Newspaper

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This edition was generated on Wed Sep 17 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:

Government steps in again, bails out AIG with $85B
AP - 1 hour, 6 minutes ago

WASHINGTON - The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG and the right to remove senior management.

  • U.S. Defense Secretary Robert Gates, left, shake hands with Afghan Defense Minister Abdul Rahim Wardak at the presidential palace in Kabul, Afghanistan, Wednesday, Sept. 17, 2008. (AP Photo/Rafiq Maqbool)
    Gates expresses regret for civilian deaths AP - 1 hour, 1 minute ago

    KABUL, Afghanistan - Defense Secretary Robert Gates on Wednesday expressed "personal regret" for recent U.S. airstrikes that killed Afghan civilians, and pledged more accurate targeting in future.

  • A Nigerian soldier guards a flow station in the Niger Delta in 2003. Armed Nigerian militants who have declared an "oil war" in the restive south of the country claimed to have blown up a major pipeline in their latest attack on oil installations in the region.(AFP/File/Jacob Silberberg)
    Offshore drilling up to Senate after House passage AP - 2 hours, 25 minutes ago

    WASHINGTON - Offshore oil drilling, which has dominated energy debates in the presidential campaign, is now coming to the Senate.

  • Israeli Foreign Minister and candidate for the Kadima party leadership Tzipi Livni, center, meets supporters at a voting station in Rehovot, Israel, Wednesday, Sept. 17, 2008. Israel's popular foreign minister faced off against a grizzled former military chief on Wednesday in the leadership race for the ruling Kadima party — an election that could determine the country's next prime minister. Foreign Minister Tzipi Livni, who hopes to become Israel's first female prime minister in more than three decades, held a strong lead over Shaul Mofaz, a former chief of staff and defense minister, in opinion polls ahead of the vote. (AP Photo/Ariel Schalit)
    Israeli party rivals face off in power bid AP - 1 hour, 26 minutes ago

    JERUSALEM - Israel's popular foreign minister faced off against a grizzled former military chief on Wednesday in the leadership race for the ruling Kadima party — an election that could determine the country's next prime minister.

  • In this image released by CBS, Dan Gheesling, a finalist on the CBS reality competition, 'Big Brother,' is shown. (AP Photo/CBS, John P. Filo)
    High school teacher wins 'Big Brother 10' AP - 1 hour, 40 minutes ago

    LOS ANGELES - Dan Gheesling schooled everyone on "Big Brother 10."

  • Philadelphia Phillies' Ryan Howard watches his two run home run against the Atlanta Braves during the eighth inning of a baseball game, Tuesday, Sept. 16, 2008, in Atlanta. (AP Photo/John Amis)
    Howard rallies Phils into first place in NL East AP - 2 hours, 20 minutes ago

    ATLANTA - Ryan Howard rallied the Philadelphia Phillies back into first place, hitting a go-ahead homer in the eighth inning for his fourth hit in an 8-7 victory over the Atlanta Braves on Tuesday night.

  • Republican presidential nominee Senator John McCain and Republican vice-presidential nominee Alaskan Governor Sarah Palin wave to a crowd of supporters prior to a rally in Vienna, Ohio September 16, 2008. (Aaron Josefczyk/Reuters)
    Obama leads McCain by 2 points: Reuters poll Reuters - 42 minutes ago

    WASHINGTON (Reuters) - Democrat Barack Obama has a 2-point lead in the U.S. presidential race on Republican John McCain, whose choice of Sarah Palin as his running mate helped shore up support for both candidates, according to a Reuters/Zogby poll released on Wednesday.

  • People walk out of the Lehman Brothers building in New York September 15, 2008. (Joshua Lott/Reuters)
    AIG rescue calms markets, HBOS and Lloyds in talks Reuters - 51 minutes ago

    LONDON/HONG KONG (Reuters) - An $85 billion dollar U.S. lifeline for American International Group gave some respite to battered financial stocks, while the UK's biggest mortgage lender HBOS Plc and Lloyds TSB contemplated a merger which would reshape British banking.

  • Smoke is seen billowing outside the U.S. embassy in Sanaa September 17, 2008. (Yemen News Agency/Handout/Reuters)
    Car bombs at U.S. embassy in Yemen kill 16 Reuters - 8 minutes ago

    SANAA (Reuters) - Two suicide car bombs set off a series of explosions outside the heavily fortified U.S. embassy in Yemen on Wednesday, killing 16 people including six attackers, a Yemeni Interior Ministry official said.

  • The Morgan Stanley headquarters is seen in New York January 30, 2008. (Shannon Stapleton/Reuters)
    Morgan Stanley weighing possible merger: report Reuters - 1 hour, 4 minutes ago

    SINGAPORE (Reuters) - Investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company's share price, broadcaster CNBC reported on Wednesday.

  • Michael Lipsitz picks out a package of hot dogs while grocery shopping at the WalMart in Crossville, Tennessee March 21, 2008. (Brian Snyder/Reuters)
    U.S. mood lifts, but worries remain: Reuters poll Reuters - 1 hour, 40 minutes ago

    WASHINGTON (Reuters) - Americans remain worried about the U.S. economy and their personal finances, but their outlook brightened for the second consecutive month, according to a Reuters/Zogby poll released on Wednesday.

  • A woman walks into a Washington Mutual bank in New York April 7, 2008. (Joshua Lott/Reuters)
    U.S. regulators try to find WaMu buyer: report Reuters - Wed Sep 17, 4:54 AM ET

    (Reuters) - U.S. federal regulators recently called a number of banks asking if they would consider buying Washington Mutual Inc should it eventually falter, the New York Post said, citing sources.

  • Defense Secretary Robert Gates (L) meets Afghanistan's President Hamid Karzai at the Afghan presidential palace in Kabul September 17, 2008. (Ahmad Masood/Reuters)
    U.S. defense chief to act on Afghan civilian deaths Reuters - 1 hour, 5 minutes ago

    KABUL (Reuters) - Under pressure over rising civilian deaths in Afghanistan, the U.S. defense chief said on Wednesday that the U.S. military needed to do more to prevent the killing of ordinary Afghans caught up in military operations.

  • A floor trader rests during morning trading at the Hong Kong Stocks Exchange September 17, 2008. (Bobby Yip/Reuters)
    Asia greases money markets, AIG deal fails to soothe Reuters - Wed Sep 17, 3:38 AM ET

    SINGAPORE/TOKYO (Reuters) - Japan, Australia and India pumped $33 billion into money markets on Wednesday as a U.S. government rescue of insurer AIG failed to soothe frayed nerves and ease a funding squeeze triggered by the crisis engulfing Wall Street.

  • Traders of Moscow Interbank Currency Exchage (MICEX) speak on phones during a trading session in Moscow. The global finance storm has swept up a new victim as HBOS, Britain's biggest mortgage lender, was reportedly forced into takeover talks after the US government's 85-billion-dollar rescue of AIG.(AFP/Sergei Shakhijanian)
    Finance storm sweeps on after AIG's $85bln rescue AFP - 39 minutes ago

    LONDON (AFP) - The global finance storm swept up a new victim Wednesday as HBOS, Britain's biggest mortgage lender, was reportedly forced into takeover talks after the US government's 85-billion-dollar rescue of AIG.

  • A Yemeni military ambulance drives away from the US embassy in Sanaa. Islamist militants have attacked the US embassy in the Yemeni capital with a car bomb and rockets, leaving 16 people dead, in the second strike on the high-security compound in six months.(AFP/Khaled Fazaa)
    US embassy attack leaves 16 dead in Yemen AFP - 4 minutes ago

    SANAA (AFP) - Islamist militants attacked the US embassy in the Yemeni capital Sanaa with a car bomb and rockets on Wednesday, leaving 16 people dead, in the second strike on the high-security compound in six months.

  • Shaul Mofaz, Israeli Transport Minister and candidate for Kadima party leadership, casts his vote during the Kadima party elections in the town of Kfar Saba. Members of Israel's governing Kadima party are voting for a new leader, with Foreign Minister Tzipi Livni favoured by opinion polls to replace scandal-plagued Prime Minister Ehud Olmert.(AFP/Jack Guez)
    Israel ruling party elects Olmert successor AFP - 1 hour, 59 minutes ago

    JERUSALEM (AFP) - Members of Israel's governing Kadima party were voting for a new leader on Wednesday, with Foreign Minister Tzipi Livni favoured by opinion polls to replace scandal-plagued Prime Minister Ehud Olmert.

  • A Chinese couple with their baby under treatment at a hospital in Wuhan in central China's Hubei province, September 16. China has said more than 6,000 babies have fallen ill and three died after drinking milk powder laced with a toxic chemical, as it vowed massive efforts to contain a widening food scandal.(AFP)
    Tainted milk sickens 6,000 babies in China AFP - 10 minutes ago

    BEIJING (AFP) - China said Wednesday more than 6,000 babies had fallen ill and three died after drinking milk powder laced with a toxic chemical, as it vowed massive efforts to contain a widening food scandal.

  • A malnourished boy at a feeding center in Damota Pulassa, southern Ethiopia. The UN Food and Agriculture Organization has warned that the global numbers afflicted by acute hunger rose from 850 million to 925 million by the start of 2008 because of rising prices.(AFP/IFRC/File/Jose Cendon)
    Rising prices tip another 75 million towards starvation: UN AFP - 24 minutes ago

    ROME (AFP) - Global numbers afflicted by acute hunger rose from 850 million to 925 million by the start of 2008 because of rising prices, the head of the UN Food and Agriculture Organization said Wednesday.

  • The AIG headquarters in Hong Kong on September. Asian and European equities were struggling as chaos in the financial markets sparked the overnight rescue of US insurance giant AIG and a reported takeover bid for British bank HBOS.(AFP/Mike Clarke)
    Markets struggle amid AIG rescue, HBOS report AFP - 1 hour, 1 minute ago

    LONDON (AFP) - Asian and European equities struggled Wednesday as financial market chaos sparked the overnight rescue of US insurance giant AIG and a reported takeover bid for British bank HBOS.

  • A Lloyds TSB signboard opposite St. Paul's Cathedral in London. Lloyds TSB is reportedly in talks to buy fellow British bank HBOS, which has been in deep trouble on the stock market amid the crisis engulfing global financial markets.(AFP/File/Carl de Souza)
    Lloyds TSB in rescue talks with HBOS: report AFP - 6 minutes ago

    LONDON (AFP) - Lloyds TSB is reportedly in talks to buy fellow British bank HBOS, in deep trouble on the stock market amid the crisis engulfing global financial markets, it emerged on Wednesday.

Most Popular Top Stories

  • Vintage cars are parked at the Autofriedhof Franz Messerli auto graveyard in the village of Kaufdorf south of Bern July 27, 2008. (Arnd Wiegmann/Reuters)
    Feeling car sick? Blame the bacteria Reuters - Mon Sep 15, 4:01 AM ET

    LONDON (Reuters Life!) - If a man's home is his castle then maybe his car is his rubbish bin, with a study finding the typical car has 283 different types of bacteria present in every square centimeter (square inch).

  • AIG rescue calms markets, HBOS and Lloyds in talks Reuters - 51 minutes ago

    LONDON/HONG KONG (Reuters) - An $85 billion dollar U.S. lifeline for American International Group gave some respite to battered financial stocks, while the UK's biggest mortgage lender HBOS Plc and Lloyds TSB contemplated a merger which would reshape British banking.

  • Specialist traders for Bank of America work in their kiosk on the floor of the New York Stock Exchange, September 15, 2008. (Brendan McDermid/Reuters)
    Wall Street mauled by Lehman bankruptcy, AIG fears Reuters - Mon Sep 15, 6:00 PM ET

    NEW YORK (Reuters) - Wall Street had its worst day since markets reopened after the September 11 attacks as fears about the U.S. financial system's stability surged on Monday after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival.

Sports News

Yahoo! Reuters Headlines-Sports:

Dempster wins 16th, Cubs hand Sabathia 1st NL loss

AP - Tue Sep 16, 11:41 PM ET

CHICAGO - The Chicago Cubs did what no other National League team has been able to do this season. They beat CC Sabathia. Ryan Dempster got his 16th win and Chicago sent the Milwaukee Brewers to their fifth straight loss, holding on for a 5-4 win Tuesday night that spoiled interim manager Dale Sveum's debut.

Business News

Yahoo! Reuters Headlines-Business:

Government steps in again, bails out AIG with $85B

AP - 1 hour, 6 minutes ago

WASHINGTON - The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money. Under the deal, the government will get a 79.9 percent stake in AIG and the right to remove senior management.

Miscellaneous Daily Stuff

Lateshow Top Ten List

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - September 17, 2008
I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use.
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Galileo Galilei (1564 - 1642)
Those who dream by day are cognizant of many things which escape those who dream only by night.
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Edgar Allan Poe (1809 - 1849), "Eleonora"
A good listener is a good talker with a sore throat.
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Katharine Whitehorn
Scandal is gossip made tedious by morality.
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Oscar Wilde (1854 - 1900), Lady Windermere's Fan, 1892, Act III

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