Wednesday, October 15, 2008 20:28
Bailout Cost Heads Towards $5 TRILLION The total potential cost of the financial bailout to the U.S.
taxpayer is already rapidly approaching $5 trillion, over seven times
as much as the meaningless $700 billion bailout bill figure.
Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in
Paulson's original bailout plan was so ill-conceived, and the markets
reacted so poorly, that he had to copy the European model of buying
shares in banks in return for injections of capital. As Kenneth S. Rogoff,
a professor of economics at Harvard, said, “The Europeans not
only provided a blueprint, but forced our hand”.
House memos endorsed waterboarding
The Bush administration explicitly endorsed the use of waterboarding
and other harsh interrogation methods against al Qaeda suspects in a
pair of secret memos to the CIA in 2003 and 2004, The Washington Post
reported on Wednesday.
abnormal heart rhythm returns
Vice President Dick Cheney will visit George Washington University Hospital
on Wednesday after doctors discovered a recurrence of an abnormal heart
rhythm, his spokeswoman said in a written statement.
Opens 14-Point Lead On McCain Democratic presidential nominee Barack Obama
is entering the third and final presidential debate Wednesday with a
wide lead over Republican rival John McCain.
significant global warming since 1995 The recovery of the earth’s climate from
the little ice age started about 200 years ago, but the concentration
of the atmospheric carbon dioxide started to increase significantly
as late as in the 1950s, probably due to rapidly increased burning of
EPA Refuses to Remove Rocket Fuel From Drinking Water The EPA has apparently decided that it is not
necessary to remove from our drinking water a toxic rocket fuel ingredient
that has been found in public water supplies in the United States. The
EPA reached this conclusion in a draft regulatory document that has
not yet been released to the public.