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Europe governments go their own way on crisis (AP)
A trader reacts as he watches financial markets on a computer in Paris, at Meesschaert Asset Management. Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.(AFP/Patrick Kovarik)AP - Individual European governments issued a flurry of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.


Tue, 07 Oct 2008 01:05:51 GMT

Iran says it forced down Western plane (AP)
AP - Iranian news reports claimed Tuesday that Iran forced down a Western aircraft that accidentally entered its airspace, then allowed the plane to continue to Afghanistan after questioning its passengers.

Tue, 07 Oct 2008 14:19:26 GMT

Thai police fire tear gas against crowd; 118 hurt (AP)
A riot police officer fires a tear gas shell at anti-government protesters in front of parliament in Bangkok, Thailand, on Tuesday, Oct.  7, 2008. Police fired tear gas Tuesday at several thousand demonstrators attempting to block access by lawmakers to the Parliament building in the Thai capital. (AP Photo/Wason Wanichakorn)AP - Thai riot police clashed Tuesday with thousands of protesters who barricaded Parliament and vowed to block the government from exiting the building. A deputy prime minister resigned to take responsibility for the chaos.


Tue, 07 Oct 2008 14:18:23 GMT

3 win Nobel for subatomic physics research (AP)
Two Japanese citizens, Makoto Kobayashi, left, and Toshihide Masukawa, center, and a Japanese-born American Yoichiro Nambu, shown in these undated photos, won the 2008 Nobel Prize in physics for discoveries in the world of subatomic physics, the Royal Swedish Academy of Sciences announced Tuesday, Oct. 7, 2008. American Nambu, 87, of the University of Chicago, won half of the prize for the discovery of a mechanism called spontaneous broken symmetry in subatomic physics. Kobayashi and Maskawa of Japan shared the other half of the prize for discovering the origin of the broken symmetry that predicts the existence of at least three families of quarks in nature. (AP Photo/Kyodo News)AP - Two Japanese citizens and an American won the 2008 Nobel Prize in physics on Tuesday for discoveries that help explain the behavior of the smallest particles of matter.


Tue, 07 Oct 2008 14:09:03 GMT

Current News Today

BoSox back in ALCS after ousting Angels (AP)
The Boston Red Sox brushed aside the 100-win Angels in four games, dismissing their best-in-baseball regular season as last month's news. When it turns to October, no one dominates like Boston. Jason Bay scored with a headfirst slide on Jed Lowrie's two-out single in the ninth inning and the defending World Series champions took advantage of a botched suicide squeeze, beating Los Angeles 3-2 Monday...

Mon, 06 Oct 2008 23:56:25 PDT

Vikings win despite Bush's 2 return TDs (AP)
The Saints gave a national audience a taste of what New Orleans' long-suffering fans have bemoaned for years. Not that the Minnesota Vikings will complain about being the latest to play a supporting role in the Saints' stranger-than-fiction, four-decade history of bizarre and dramatic losses. Even Reggie Bush's record-tying two punt returns for touchdowns couldn't make up for New Orleans' numerous...

Mon, 06 Oct 2008 23:02:35 PDT

Rays finish off White Sox, head to ALCS (AP)
They rushed toward the mound, these remarkable Rays, and immediately formed a circle. Jumping together like fraternity brothers, they resembled party regulars in the postseason. Worst in the majors last year, Tampa Bay will play for a spot in the World Series. "It means everything. We've been at the bottom of the barrel for so long," B.J.

Mon, 06 Oct 2008 20:34:11 PDT

Broken ribs leave Westbrook uncertain (AP)
All-Pro running back Brian Westbrook broke two ribs in the Eagles' 23-17 loss to Washington on Sunday, though he kept playing and finished the game. Westbrook missed one game this season with an ankle injury, but it's too early to know if his latest injury will keep him out of Sunday's game at San Francisco.

Mon, 06 Oct 2008 17:45:43 PDT

Current News Today

Fed creates commercial paper-buying facility (Reuters)
A pedestrian passes in front of the Federal Reserve Building in Washington January 22, 2008. (Kevin Lamarque/Reuters)Reuters - The Federal Reserve on Tuesday announced it would create a special-purpose facility, with the Treasury Department's blessing, to begin buying commercial paper in yet another emergency move aimed at calming chaotic financial markets.


Tue, 07 Oct 2008 14:01:02 GMT

Russia backing Iceland as world crisis spreads (Reuters)
Sweden's Finance Minister Anders Borg (L) and Capital Market Minister Mats Odell pause during a news conference in Stockholm October 6, 2008. (Scanpix/Photo Anders Wiklund/Reuters)Reuters - Russia negotiated an emergency bailout for Iceland and unveiled an aid package for its own banks on Tuesday, while Japan called for greater coordination in tackling the global financial crisis.


Tue, 07 Oct 2008 14:19:52 GMT

Greenberg blames AIG woes on shorts, accounting (Reuters)
Former AIG Chairman and CEO Maurice Greenberg speaks at the New York Law School in New York April 24, 2006. (Keith Bedford/Reuters)Reuters - A former chief executive of American International Group Inc defended the insurer's risk management but said looser accounting and curbs to market short-selling could have saved it.


Tue, 07 Oct 2008 14:14:57 GMT

Stocks lose ground as financials weigh (Reuters)
Traders work on the floor of the New York Stock Exchange, October 7, 2008. U.S. stocks opened higher on Tuesday after the Federal Reserve moved to unclog the commercial paper market, which is widely used to fund day-to-day business by companies. (Brendan McDermid/Reuters)Reuters - Stocks briefly turned negative on Tuesday, weighed down by financial shares, as disappointment about the absence of coordinated rate cuts by central banks tempered optimism about a Federal Reserve plan to strengthen the commercial paper market.


Tue, 07 Oct 2008 14:15:58 GMT

Current News Today

Kenya deporting US author of anti-Obama book (AP)
Jerome Corsi, CENTRE, who wrote 'The Obama Nation: Leftist Politics and the Cult of Personality, follows an immigration department officer holding his passport, Tuesday, Oct. 7, 2008 as he arrives at the immigration department in Nairobi, Kenya.  Corsi, was picked up at his hotel in Nairobi on Tuesday morning. He was briefly detained before being brought to the airport for deportation, said Joseph Mumira, head of criminal investigations at Jomo Kenyatta International Airport. (AP Photo)AP - The American author of a best-selling book attacking Barack Obama as unfit for the presidency was being deported from Kenya on Tuesday, a criminal investigations official said.


Tue, 07 Oct 2008 14:10:45 GMT

Russia's Jerusalem land claim worries Israelis (AP)
Israelis walk at Sergei's Courtyard in Jerusalem, in this Monday, Oct. 6, 2008. Russia is to take-over the small tract of land known as Sergei's Courtyard, with Israeli Prime Minister Ehud Olmert's Cabinet agreeing to the hand over Sunday Oct. 5, 2008, amid serious policy differences that have sprung up between the two countries. The Russians are to take ownership of the property which once accommodated Russian pilgrims visiting the Holy Land and now houses offices of Israel's Agriculture Ministry and the Society for the Protection of Nature in Israel. (AP Photo/Tara Todras-Whitehill)AP - The Russians are coming to downtown Jerusalem, reclaiming ownership of a landmark with the approval of the Israeli government, just as Prime Minister Ehud Olmert visits Moscow to try to iron out serious policy differences between the two countries.


Tue, 07 Oct 2008 10:59:15 GMT

Tonight's debate is in McCain's favorite style (AP)
Republican presidential nominee Senator John McCain (R-AZ) (L) and Democratic presidential nominee Senator Barack Obama (D-IL) stand together onstage after the first U.S. presidential debate in Oxford, Mississippi, September 26, 2008.   REUTERS/Jim BourgAP - Tuesday night's presidential debate offers Republican John McCain one of his last best chances to stop Democrat Barack Obama's recent surge in the race and turn it in his favor.


Tue, 07 Oct 2008 13:19:24 GMT

Wall Street shows modest rebound after global rout (AP)
Men leave the New York Stock Exchange after the closing bell in New York, Monday, Oct. 6, 2008.  (AP Photo/Seth Wenig)AP - Wall Street rose moderately early Tuesday, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing.


Tue, 07 Oct 2008 14:49:14 GMT