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This edition was generated on Sat Sep 20 08:45:01 EDT 2008
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 .
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.
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.
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.
JOHANNESBURG (AFP) - South Africa's governing African National Congress (ANC) told President Thabo Mbeki on Saturday to stand down, its secretary general announced.
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.
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.
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.
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.
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.
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.
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.
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.
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 ...
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.
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.