Aaron's Daily WWW Newspaper

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This edition was generated on Fri Sep 19 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:

Multiple quick fixes tried for US financial crisis
AP - 16 minutes ago

WASHINGTON - Urgently moving on multiple fronts to stem the worst financial crisis in decades, the government moved Friday to protect money market mutual funds against losses and temporarily banned short-selling of company stocks. The Treasury Department asked Congress to give it sweeping power to buy up toxic debt that has unhinged Wall Street.

  • In this photo provided by the U.S. Department of Defense, Secretary of Defense Robert M. Gates speaks with reporters during a briefing at the U.S. Embassy in Kabul, Afghanistan, Wednesday, Sept. 17, 2008.  (AP Photo/Tech Sgt Jerry Morrison, U.S. Department of Defense, HO)
    NATO members wonder: Will defense promises hold? AP - 41 minutes ago

    LONDON - In the aftermath of Russia's brief war with Georgia, the United States and its NATO partners face questions about the very foundation of their alliance — the pledge enshrined in the 59-year-old North Atlantic Treaty that an unprovoked attack on one member would be treated as an attack on all.

  • Ken Cockrel Jr., right, who becomes mayor Friday, introduces James Barren, center, as his appointment as chief of police as Saul Green, appointed Deputy Mayor, left, listens in Detroit, Thursday, Sept. 18, 2008. Cockrel will replace Kwame Kilpatrick, whose last day is Thursday, after being forced out of office in a plea bargain that will send him to jail for obstruction of justice. (AP Photo/Paul Sancya)
    Detroit's new mayor takes oath of office AP - 2 hours, 10 minutes ago

    DETROIT - Ken Cockrel Jr. became the city's new mayor Friday, vaulted into office by a sex scandal that destroyed the reign of Kwame Kilpatrick and threw Detroit's government into chaos for months.

  • A Saudi man drinks Arabic coffee as he watches Satellite TV at his home in Riyadh, Saudi Arabia ,Tuesday, Sept. 16, 2008. Arabs are denouncing a Saudi cleric's edict that it is permissible to kill the owners of satellite TV stations that show 'immoral' content. Many fear the fatwa could fuel vigilante attacks on the media. (AP Photo/Hassan Ammar)
    Arabs denounce cleric's fatwa on 'immoral' TV AP - 2 hours, 9 minutes ago

    RIYADH, Saudi Arabia - Arabs across the ideological spectrum, from secular-minded liberals to Muslim hard-liners, are denouncing a top Saudi cleric's edict that it was permissible to kill the owners of satellite TV stations that show "immoral" content.

  • Democratic presidential candidate, Sen. Barack Obama, D-Ill., waves to supporters after a rally in Espanola, N.M., Thursday, Sept. 18, 2008.  (AP Photo/Chris Carlson)
    Obama to meet economic advisers to offer new plans AP - 2 hours, 14 minutes ago

    MIAMI - Barack Obama turned to a team of advisers that shaped America's economy in happier days to fashion fresh ideas for calming the stomach-churning financial crisis that has thundered from Wall Street to Main Street.

  • Securities and Exchange Commission Chairman Christopher Cox testifies at the U.S. House Financial Services Committee about financial market regulatory restructuring in Washington July 24, 2008. REUTERS/Larry Downing
    SEC bans short-selling of 799 financial stocks AP - 34 minutes ago

    WASHINGTON - Federal securities regulators, in an effort to boost investor confidence in the face of a market crisis, took the dramatic step Friday of temporarily banning the trading practice of betting against financial stocks.

  • A trader stretches at his desk at the Frankfurt stock exchange September 19, 2008. (Alex Grimm/Reuters)
    Stock futures soar on plans to stabilize markets Reuters - 25 minutes ago

    NEW YORK (Reuters) - Stock futures soared on Friday, indicating Wall Street will add to its gains after the best day in six years, as investors cheered a series of sweeping steps by governments worldwide to contain the spiraling credit crisis.

  • Federal Reserve Chairman Ben Bernanke (C) speaks next to Treasury Secretary Henry Paulson (L), and House Speaker Nancy Pelosi (D-CA) after their meeting with other congressional leaders in the U.S. Capitol in Washington September 18, 2008. (Mitch Dumke - UNITED STATES/Reuters)
    Toxic-debt plan and short-selling curbs lift spirits Reuters - 23 minutes ago

    LONDON/NEW YORK (Reuters) - The U.S. government launched several multibillion-dollar programs to guarantee holdings in money-market mutual funds and curb short-selling while developing a more sweeping plan to mop up toxic mortgage debt, sending global markets higher on Friday.

  • A video grab shows missiles being paraded in central Pyongyang April 25, 2007. (KRT via Reuters TV/Reuters)
    North Korea backs away from nuclear deal Reuters - 19 minutes ago

    SEOUL (Reuters) - North Korea said on Friday it was working on restarting its nuclear plant and dismissed the prospect of being removed from a U.S. terrorism blacklist in return for a disarmament deal.

  • Democratic presidential nominee Senator Barack Obama speaks to a crowd of supporters during his 'Change You Can Believe In' rally at Cashman Field in Las Vegas, September 17, 2008. (David Allio/Reuters)
    Obama supports U.S. economic recovery efforts Reuters - 29 minutes ago

    WASHINGTON (Reuters) - Democratic presidential nominee Barack Obama said on Friday he supported efforts by the U.S. Treasury and Federal Reserve to shore up confidence in the financial markets and said he would hold off from presenting his own economic recovery plan.

  • A signage is seen on a door at a Washington Mutual (WaMu) bank branch office in Glendale, California September 18, 2008. (Fred Prouser/Reuters)
    Citigroup considering bid for WaMu: report Reuters - Fri Sep 19, 1:49 AM ET

    (Reuters) - Citigroup Inc is considering making a bid for Washington Mutual Inc , the Wall Street Journal said on Friday, citing people familiar with the situation.

  • A investor smiles as a panel displaying the closing benchmark Hang Seng Index at a brokerage in Hong Kong September 19, 2008. (Bobby Yip/Reuters)
    Wall St job losses may be Asia's gain Reuters - Fri Sep 19, 5:30 AM ET

    MUMBAI/SHANGHAI (Reuters) - Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.

  • Todd Palin, husband of Republican vice-presidential nominee and Alaska Governor Sarah Palin, arrives on stage with his wife in Golden, Colorado September 15, 2008. (Rick Wilking/Reuters)
    Palin's husband refuses to testify in Alaska probe Reuters - Thu Sep 18, 11:35 PM ET

    ANCHORAGE, Alaska (Reuters) - The husband of Gov. Sarah Palin will ignore a subpoena from Alaska lawmakers investigating whether the Republican vice presidential nominee's firing of a state commissioner constituted an abuse of power, officials from her campaign said on Thursday.

  • Venezuela's President Hugo Chavez speaks during a meeting with workers in Valencia, some 130 km (81 miles) from Caracas, September 11, 2008. (Miraflores Palace/Handout/Reuters)
    Venezuela expels U.S. rights group for criticism Reuters - 59 minutes ago

    CARACAS (Reuters) - President Hugo Chavez expelled a delegation of Human Rights Watch from Venezuela on Friday after the U.S.-based group criticized him for eroding democracy in his nearly 10 years in power.

  • (Left-right) Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson, Securities and Exchange Commission Chairman Christopher Cox and Senate Banking Committee Chairman Sen. Chris Dodd. Global shares and the dollar leapt as confidence returned with a drive to create a US debt clearance mechanism, more central bank support and a ban on betting on a crash.(AFP/Getty Images/Chip Somodevilla)
    US debt bail-out plan drives up global stocks AFP - 56 minutes ago

    NEW YORK (AFP) - Global shares and the dollar leapt Friday as confidence returned with a drive to create a US debt clearance mechanism, more central bank support and a ban on betting on a crash.

  • A worker removes milk powder brands from a supermarket in Wuhan on September 17. Starbucks has stopped serving milk in many of its Chinese outlets as a crisis over poisoned dairy products that have left four babies dead and thousands of others sick spiralled.(AFP/File)
    Starbucks stops serving milk as China crisis snowballs AFP - 1 hour, 1 minute ago

    BEIJING, Sept 19, 2008 (AFP) - Starbucks stopped serving milk in many of its Chinese outlets on Friday as a crisis over poisoned dairy products that have left four babies dead and thousands of others sick spiralled.

  • Digital Globe satellite image of North Korea's Yongbyon nuclear reactor taken in 2005. North Korea says it is working to restart its atomic reactor and no longer wants US concessions promised under the pact. North Korea has accused Washington of breaking a nuclear disarmament deal.(AFP/Digital Globe/File)
    NKorea preparing to restart nuclear reactor: official AFP - 1 hour, 22 minutes ago

    PANMUNJOM, Korea (AFP) - North Korea, accusing Washington of breaking a nuclear disarmament deal, said Friday it is working to restart its atomic reactor and no longer wants US concessions promised under the pact.

  • Indian police secure the area after a shootout with Islamic militants at Jamia Nagar in New Delhi.(AFP/Manan Vatsyayana)
    Indian police kill 'top Islamic militant' in Delhi shoot-out AFP - 17 minutes ago

    NEW DELHI (AFP) - Indian police shot dead two alleged Islamic militants during a fierce gun battle in a Muslim area of New Delhi Friday, including a leader of a shadowy group behind a spate of deadly bombings.

  • The New York Stock Exchange. Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks(AFP/Getty Images/Mario Tama)
    Science unveils hidden drivers of stock bubbles and crashes AFP - Thu Sep 18, 9:55 PM ET

    PARIS (AFP) - Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks.

  • Currency traders in Moscow. Trading was suspended Friday on Russian stock markets when share prices soared minutes after the exchanges opened following a massive Russian government rescue plan, market officials said(AFP/Sergei Shakhijanian)
    Russia stock trading suspended as shares soar AFP - Fri Sep 19, 3:34 AM ET

    MOSCOW (AFP) - Trading was suspended Friday on Russian stock markets when share prices soared minutes after the exchanges opened following a massive Russian government rescue plan, market officials said.

  • A broker looks at his screens at Frankfurt's stock exchange. Global equity markets soared, lifted by mammoth share price gains for banks, as governments worldwide stepped up their fight against the worst financial crisis in decades.(DDP/AFP/File/Thomas Lohnes)
    World stocks rocket as governments step up rescue efforts AFP - 1 hour, 8 minutes ago

    LONDON (AFP) - Global equity markets soared on Friday, lifted by mammoth share price gains for banks, as governments worldwide stepped up their fight against the worst financial crisis in decades, traders said.

Most Popular Top Stories

  • The New York Stock Exchange. Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks(AFP/Getty Images/Mario Tama)
    Science unveils hidden drivers of stock bubbles and crashes AFP - Thu Sep 18, 9:54 PM ET

    PARIS (AFP) - Many economists believe that investors make decisions rationally, weighing up corporate data and other pricing signals to evaluate gain or risk before buying or selling stocks.

  • 5 Ways to Avoid Eating Bisphenol A, or BPA U.S. News & World Report - Thu Sep 18, 6:24 PM ET

    With yesterday's study linking bisphenol A--a chemical in hard plastics and the linings of food and beverage cans--to diabetes and heart disease, you may be wondering what you can do to minimize your exposure. The Environmental Working Group last year conducted an analysis of BPA in various canned foods and found the amount varies widely depending on the food. Condensed milk, for instance, has relatively little BPA, while infant formula has a lot more--about one fifth the safe dose limit set by the Food and Drug Administration. Of course, the potential risk also depends on how much you ...

  • Palin's husband refuses to testify in Alaska probe Reuters - Thu Sep 18, 11:35 PM ET

    ANCHORAGE, Alaska (Reuters) - The husband of Gov. Sarah Palin will ignore a subpoena from Alaska lawmakers investigating whether the Republican vice presidential nominee's firing of a state commissioner constituted an abuse of power, officials from her campaign said on Thursday.

Sports News

Yahoo! Reuters Headlines-Sports:

Cubs edge Brewers 7-6 on Lee's 12th-inning single

AP - Fri Sep 19, 5:20 AM ET

CHICAGO - Geovany Soto hit a tying three-run homer with two out in the ninth inning, Derrek Lee singled in the winning run in the 12th and the Chicago Cubs beat the Milwaukee Brewers 7-6 on Thursday to move closer to the NL Central title.

Business News

Yahoo! Reuters Headlines-Business:

Treasury, Fed move to bolster money market funds

AP - 3 minutes ago

WASHINGTON - The Treasury Department says it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds while the Federal Reserve says it will expand its emergency lending program to help support the $2 trillion in assets of the funds.

Miscellaneous Daily Stuff

Lateshow Top Ten List

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - September 19, 2008
Don't let it end like this. Tell them I said something.
[info][add][mail]
Pancho Villa (1877 - 1923), last words
Students achieving Oneness will move on to Twoness.
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Woody Allen (1935 - )
You don't have to suffer to be a poet; adolescence is enough suffering for anyone.
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John Ciardi (1916 - 1986)
I didn't really say everything I said.
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Yogi Berra (1925 - )

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