Aaron's Daily WWW Newspaper

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This edition was generated on Sat Sep 20 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:

Congress, Bush team craft $500B financial bailout
AP - 15 minutes ago

WASHINGTON - Faltering financial institutions whose toxic assets have brought markets to the brink of catastrophe could unload their bad debt on the government, and in turn the taxpayer, under a half-trillion dollar bailout being crafted by the Bush administration and Congress.

  • A grandmother feeds her eight-month-old grandson while waiting to have him checked for kidney stones at the People's Hospital in Fuyang in central China's Anhui province Friday, Sept. 19, 2008. China has reported four deaths tied to tainted baby formula, at least three of them infants, while the number of sickened babies has risen to 6,244. (AP Photo)
    China seeks public trust after milk scandal AP - 12 minutes ago

    BEIJING - China sought Saturday to shore up public confidence weakened by a milk safety scandal, with the president scolding officials for negligence and government agencies promising adequate supplies of uncontaminated milk.

  • Charles Todd Lee is seen in his room at the Community Care Center in Plant City, Fla., Tuesday, Sept. 16, 2008. He's among the Medicaid recipients across Florida challenging the nightmare of the old and disabled: to be forced from comfort and familiarity into a nursing home. They say the state is illegally forcing them to live in nursing homes when they should be able to live where they choose.(AP Photo/John Raoux)
    Fla. Medicaid recipients want out of nursing homes AP - 2 hours, 7 minutes ago

    PLANT CITY, Fla. - Charles Todd Lee spent a lifetime going backstage at concerts, following politicians on the campaign trail and capturing iconic shots of everyone from Martin Luther King Jr. to Mick Jagger to Mickey Mantle. Today, he enjoys such freedom only in his dreams.

  • In this file photo dated May 31, 2007, part of the LHC (Large Hadron Collider) is seen in its tunnel at the CERN (European Center for Nuclear Research) near Geneva, Switzerland. The world's largest atom smasher, which was launched with great fanfare earlier this month, has been damaged worse than previously thought and will be out of commission for at least two months, its operators said Saturday, Sept. 20, 2008. (AP Photo/Keystone, Martial Trezzini, File)
    CERN: Damage to new collider forces 2-month halt AP - 26 minutes ago

    GENEVA - The world's largest atom smasher — which was launched with great fanfare earlier this month — has been damaged worse than previously thought and will be out of commission for at least two months, its operators said Saturday.

  • Heather Mills leaves central London's Royal Courts of Justice, following the announcement of the judgment of her divorce with Paul McCartney, in this Monday March 17, 2008 file photo. McCartney's ex-wife is donating $1 million worth of soy hamburgers, soy hot dogs and soy chicken cutlets to one of the poorest neighborhoods in the Bronx. Heather Mills is set to announce the donation just before the Hunts Point Back to School Fair kicks off Saturday afternoon Sept. 20, 2008. The vegan animal rights campaigner is an honorary chairwoman of the nonprofit that organizes the event. (AP Photo/Lefteris Pitarakis)
    McCartney's ex donating $1M in vegan food to Bronx AP - 2 hours, 7 minutes ago

    NEW YORK - Paul McCartney's ex-wife is donating $1 million worth of soy hamburgers, soy hot dogs and soy chicken cutlets to one of the poorest neighborhoods in the Bronx.

  • Europe's Ian Poulter, left, talks to team captain Nick Faldo on the tenth fairway during their four-ball match at the Ryder Cup golf tournament at the Valhalla Golf Club, in Louisville, Ky., Friday, Sept. 19, 2008.  (AP Photo/Rob Carr)
    Faldo puts Westwood, Garcia on the bench AP - 2 hours, 6 minutes ago

    LOUISVILLE, Ky. - Sergio Garcia and Lee Westwood were benched for Saturday's Ryder Cup matches by European captain Nick Faldo, suggesting it's never too early to reach for the panic button.

  • President Bush makes remarks on the economy in the Rose Garden at the White House in Washington, September 19, 2008. Bush is joined by Federal Reserve Chairman Ben Bernanke (L), Treasury Secretary Henry Paulson (2nd R), and SEC Chairman Christopher Cox. (Jim Young/Reuters)
    U.S. readies massive toxic-debt plan Reuters - 43 minutes ago

    NEW YORK (Reuters) - The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets.

  • Republican presidential nominee Senator John McCain (R-AZ) speaks at the Key Air Hangar at the Anoka County Blaine Airport in Blaine, Minnesota, September 19, 2008. (Eric Miller/Reuters)
    McCain, Obama tangle over Wall Street crisis Reuters - Fri Sep 19, 4:16 PM ET

    BLAINE, Minnesota (Reuters) - Republican nominee John McCain, seeking a lift in the U.S. presidential race, proposed stricter Wall Street regulation on Friday and assailed Democrat Barack Obama for not offering a plan to deal with the financial crisis.

  • South Africa's President Thabo Mbeki attends the opening of the summit of the Southern African Development Community (SADC) in Johannesburg, August 16, 2008. (Mike Hutchings/Reuters)
    South Africa's ANC moves to end Mbeki presidency Reuters - 55 minutes ago

    JOHANNESBURG (Reuters) - South Africa's ruling party said on Saturday it had decided to recall President Thabo Mbeki before the end of his term next year and that he had pledged to accept the move and step aside voluntarily.

  • President Bush speaks about the economy next to Treasury Secretary Henry Paulson in the Rose Garden of the White House, September 19, 2008. (Larry Downing/Reuters)
    U.S. launches all-out attack on credit crisis Reuters - Sat Sep 20, 12:26 AM ET

    WASHINGTON (Reuters) - The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt.

  • The Lehman Brothers booth on the trading floor of the New York Stock Exchange, September 16, 2008. (Brendan McDermid/Reuters)
    Judge approves Lehman, Barclays pact Reuters - Sat Sep 20, 2:12 AM ET

    NEW YORK (Reuters) - A U.S. bankruptcy judge approved a revised version of British bank Barclays Plc's deal to purchase the core U.S. business of Lehman Brothers Holdings Inc .

  • Traders work on the floor of the New York Stock Exchange, September 19, 2008. (Brendan McDermid/Reuters)
    Extraordinary rescue effort spurs Wall Street rally Reuters - Fri Sep 19, 4:45 PM ET

    NEW YORK (Reuters) - Sweeping government measures to rescue the financial system and restore confidence in shaky markets spurred a huge relief rally in stocks on Friday, ending a week when the financial landscape underwent the most dramatic reshaping since the Great Depression.

  • Georgia's President Mikheil Saakashvili attends an award ceremony at the defence ministry in Tbilisi September 17, 2008. (David Mdzinarishvili/Reuters)
    Georgia to seek U.N. support against Russia Reuters - Sat Sep 20, 4:24 AM ET

    TBILISI/KIEV (Reuters) - The leaders of Georgia and Ukraine go to the United Nations next week hoping to shore up Western support for their future NATO accession faced with a militarily resurgent Russia.

  • A child suffering from kidney stones receives medical treatment at a hospital in Hefei, Anhui province September 19, 2008. (Stringer/Reuters)
    China orders recalls as milk scandal widens Reuters - Sat Sep 20, 2:44 AM ET

    SHANGHAI (Reuters) - China ordered widespread checks on dairy products and a recall of tainted items as a scandal that began with powdered baby formula and spread to milk sparked an outcry from China's trading partners.

  • South African President Thabo Mbeki speaks during a press conference in Harare on September 1. South Africa's governing African National Congress told Mbeki on Saturday to stand down.(AFP/File/Desmond Kwande)
    ANC tells South Africa president to stand down AFP - 5 minutes ago

    JOHANNESBURG (AFP) - South Africa's governing African National Congress (ANC) told President Thabo Mbeki on Saturday to stand down, its secretary general announced.

  • New elected President Asif Ali Zardari, seen here in front of a picture of his assassinated wife Benazir Bhutto, has said Pakistan would not tolerate violations of its sovereignty following cross-border strikes by the US-led coalition based in Afghanistan.(AFP/File/Aamir Qureshi)
    Pakistan 'won't tolerate' sovereignty violations: Zardari AFP - 56 minutes ago

    ISLAMABAD (AFP) - New elected President Asif Ali Zardari Saturday said Pakistan would not tolerate violations of its sovereignty following cross-border strikes by the US-led coalition based in Afghanistan.

  • Morgan Stanley headquarters in New York. US congressional leaders, stunned by the depth of the meltdown, are considering quick legislative action on a huge White House-proposed bailout for the financial sector but have demanded help for workers and reeling Wall Street firms.(AFP/Getty Images/Stephen Chernin)
    US Congress to implement debt rescue plan AFP - 29 minutes ago

    WASHINGTON (AFP) - US congressional leaders, stunned by the depth of the meltdown, considered quick legislative action Saturday on a huge White House-proposed bailout for the financial sector but demanded help for workers and reeling Wall Street firms.

  • Chinese parents with their babies seeking treatment at a hospital in Hangzhou. China's cabinet has ordered an all-out effort to save babies poisoned by contaminated milk powder which has claimed the lives of four infants and made thousands more ill.(AFP)
    China promises all-out effort for sick babies AFP - 46 minutes ago

    BEIJING (AFP) - China's cabinet ordered an all-out effort Saturday to save babies poisoned by contaminated milk powder as more Asian countries moved to stop the food scare spreading overseas.

  • A bee collects pollen on the blossom of a crocus near Borgsdorf, eastern Germany. Bees and other pollinating insects are worth 153 billion euros a year, thanks to their help in growing fruit, vegetables, oil crops, coffee, cocao and spices, a French study has found.(DDP/AFP/File/Michael Urban)
    Busy and valuable: Bees are worth $220bln a year AFP - 1 hour, 34 minutes ago

    PARIS (AFP) - Bees and other pollinating insects are worth 153 billion euros (220 billion dollars) a year, thanks to their help in growing fruit, vegetables, oil crops, coffee, cocao and spices, a French study has found.

  • General Motors trucks in Pontiac, Michigan. GM said it intended to draw down the remaining 3.5 billion dollars of its 4.5-billion-dollar secured revolving credit facility to maintain what the auto giant described as "high level of financial flexibility" at a time when the financial markets are uncertain(AFP/File/Jeff Haynes)
    General Motors draws out cash AFP - Sat Sep 20, 3:33 AM ET

    DETROIT, Michigan (AFP) - General Motors said that it intended to draw down the remaining 3.5 billion dollars of its 4.5-billion-dollar secured revolving credit facility to maintain what the auto giant described as "high level of financial flexibility" at a time when the financial markets are uncertain.

  • A man leaves Lehman Brothers European Headquarters in London's Canary Wharf. The administrators to the European arm of Lehman Brothers have demanded the return of eight billion dollars transferred to the bank's US holding company before its collapse, a report said(AFP/Ben Stansall)
    European Lehman administrators want 8 bln dollars back: report AFP - Sat Sep 20, 3:52 AM ET

    LONDON (AFP) - The administrators to the European arm of Lehman Brothers have demanded the return of eight billion dollars transferred to the bank's US holding company before its collapse, a report said Saturday.

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.

  • 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 - Fri Sep 19, 2:33 PM ET

    CARACAS (Reuters) - Venezuela brusquely expelled two activists from U.S.-based Human Rights Watch on Friday who criticized President Hugo Chavez for political intolerance and for eroding democracy during nearly 10 years in power.

  • 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 ...

Sports News

Yahoo! Reuters Headlines-Sports:

Faldo puts Westwood, Garcia on the bench

AP - 2 hours, 6 minutes ago

LOUISVILLE, Ky. - Sergio Garcia and Lee Westwood were benched for Saturday's Ryder Cup matches by European captain Nick Faldo, suggesting it's never too early to reach for the panic button.

Business News

Yahoo! Reuters Headlines-Business:

Congress, Bush team craft $500B financial bailout

AP - 15 minutes ago

WASHINGTON - Faltering financial institutions whose toxic assets have brought markets to the brink of catastrophe could unload their bad debt on the government, and in turn the taxpayer, under a half-trillion dollar bailout being crafted by the Bush administration and Congress.

Miscellaneous Daily Stuff

Lateshow Top Ten List

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - September 20, 2008
You can no more win a war than you can win an earthquake.
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Jeannette Rankin (1880 - 1973)
If the world should blow itself up, the last audible voice would be that of an expert saying it can't be done.
[info][add][mail]
Peter Ustinov (1921 - 2004)
My grandmother started walking five miles a day when she was sixty. She's ninety-seven now, and we don't know where the hell she is.
[info][add][mail]
Ellen DeGeneres
To believe is to know you believe, and to know you believe is not to believe.
[info][add][mail]
Jean-Paul Sartre (1905 - 1980)

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Personal Newspaper Developer: Aaron Douglass Fuegi (aarondf@bu.edu)