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Obama, McCain Clash On Troubled Economy

CBS News | Wed Oct 08, 2008 08:00 EST
Candidates Trade Barbs Over Causes, Cures For Worst Economic Crisis In 80 Years In Town Hall Debate

Fed joins in global emergency rate cut

CNN Lead Headline | Wed Oct 08, 2008 08:00 EST
The Federal Reserve, working with central banks worldwide, today enacted an emergency interest rate cut, CNNMoney reports. The Fed lowered its key funds rate by half of a percentage point to 1.5 percent. The move was made in coordination with other central banks, including the Bank of England and banks in Canada, Sweden, and Switzerland. China also cut its key interest rates. The cuts are the latest attempt by governments to end the global credit crisis. developing story

Central banks in shock rate cut

BBC Lead Headline | Wed Oct 08, 2008 07:40 EST
The US Federal Reserve, the Bank of England and the European Central Bank all cut interest rates by a half point, in a surprise co-ordinated move.

Worldwide Rate Cut: U.S., Europeans Trim Interest Rates

ABC News (US)/International | Wed Oct 08, 2008 07:40 EST

Central banks cut interest rates

BBC Lead Headline | Wed Oct 08, 2008 07:20 EST
The Bank of England, the US Federal Reserve and the European Central Bank all cut interest rates in a co-ordinated move.

British Government Steps in to Help Banks

ABC News (US)/International | Wed Oct 08, 2008 07:20 EST

Nobel Prize in Chemistry goes to U.S., Japanese scientists

CBC Lead Headline (World) | Wed Oct 08, 2008 07:00 EST
Two American scientists and a Japanese researcher won the 2008 Nobel Prize for Chemistry on Wednesday for their discovery of a green fluorescent protein that has turned into an important tool in bioscience. more

World markets plunge

CNN Lead Headline | Wed Oct 08, 2008 06:50 EST
The global financial crisis escalated today with stock markets plummeting and government leaders rushing in to shore up banks and financial institutions. Investors in Japan suffered one of their worst days ever. A Russian exchange was shut down after a huge decline. CNNMoney reports the most dramatic move was in Britain, where the Treasury announced a plan to inject hundreds of billions of dollars into the banking system. developing story

British government announces rescue plan for banking system

CBC Lead Headline (World) | Wed Oct 08, 2008 06:30 EST
The British government revealed plans on Wednesday to invest $88 billion in a rescue package that would partially nationalize its major banks. more

Plane crash in Nepal kills 18, official says

CBC Lead Headline (World) | Wed Oct 08, 2008 06:20 EST
A small airplane crashed and caught fire Wednesday as it tried to land in foggy weather at a tiny mountain airport near Mt. Everest, killing 18 people, including 16 tourists from Germany, Australia and Nepal, an airport official said. more

McCain, Obama clash on economy, taxes

CNN Lead Headline | Wed Oct 08, 2008 05:40 EST
Squaring off in the second of three debates, Barack Obama and John McCain drew sharp differences over the origin of domestic and international problems -- and how to tackle them. Obama tied McCain to President Bush on Iraq and economic deregulation, while McCain painted Obama as overly reliant on government.

Russia appears to begin final Georgia pullout

CNN (World) Lead Headline | Wed Oct 08, 2008 05:20 EST
Russian forces appear to have begun the final stage of a pullback from positions inside Georgia near the breakaway South Ossetia region.

Iceland Teeters on the Brink of Bankruptcy

ABC News (US)/International | Wed Oct 08, 2008 05:20 EST

Two Australians killed in Nepal plane crash

ABC Australia - World Lead | Wed Oct 08, 2008 04:50 EST
A passenger plane has crashed in the Everest region of Nepal, killing 18 people, including two Australians. More

Obama, McCain clash on economy, judgment

CNN Lead Headline | Wed Oct 08, 2008 04:30 EST
Squaring off in the second of three debates, Barack Obama and John McCain drew sharp differences over the origin of domestic and international problems -- and how to tackle them. Obama tied McCain to President Bush on Iraq and economic deregulation, while McCain painted Obama as overly reliant on government.

Rescue plan for UK banks unveiled

BBC Lead Headline | Wed Oct 08, 2008 03:00 EST
Chancellor Alistair Darling announces the details of a �50bn rescue plan for the troubled UK banking system.

World Markets Hammered

FOXNews Lead Headline | Wed Oct 08, 2008 02:30 EST
Escalating fears that the financial crisis could spawn a global recession drive Asian stocks to a steep downward spiral• Federal Deficit Hits Record $438 Billion, Budget Office Says• Nest Eggs Took $2 Trillion Hit in Past Year• Bush: We'll Get Through This

Palin Pounds Obama-Ayers Ties

FOXNews Lead Headline | Wed Oct 08, 2008 02:30 EST
Just hours before the second presidential debate began, Palin continues highlight of Obama's ties to William Ayers• Obama Admits Bumming Cigarettes on the Campaign Trail• ACORN Office Raided in Voter Fraud Investigation• Fraud Potential Impacted by Early Voting• Kenya Deports Anti-Obama Author

Asian Stocks Take a Dive

FOXNews Lead Headline | Wed Oct 08, 2008 02:10 EST
Escalating fears that the financial crisis could spawn a global recession drive Asian stocks to a steep downward spiral• Federal Deficit Hits Record $438 Billion, Budget Office Says• Nest Eggs Took $2 Trillion Hit in Past Year• Bush: We'll Get Through This

US voters put rivals to the test

BBC Lead Headline | Wed Oct 08, 2008 01:30 EST
The US presidential candidates spar over the global financial crisis and foreign policy in a debate where voters put the questions.


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