Sun Country files for Chapter 11 bankruptcy protection Mendota-Heights Sun Country Airlines filed for Chapter 11 bankruptcy today. The second largest airline serving the Twin Cities said it had no choice because of the legal and financial woes of its parent company, Petters Group Worldwide.5:20 p.m.
Looking at the upside of pessimism The country's financial turmoil has many Americans fearing for the worst. And, according to some, the nation's newfound pessimism might not be such a bad thing.5:54 p.m.
National Public Radio Stories
Markets Down Sharply
U.S. stocks have fallen again on further concerns that the credit crisis has gone global. At one stage, the Dow dropped almost 800 points before recovering later. The Dow declined 3 percent and the S&P 500 was down more than 3 percent.
Lehman CEO Testifies On Capitol Hill
Even as the company was heading toward collapse, executives at Lehman Brothers were being awarded millions in bonuses and special payments. Lehman CEO Richard Fuld has told Congress he feels "horrible" about the way the company imploded.
Presidential Campaign Takes Darker Tone
The presidential race is getting more aggressive, with attack ads and charges flying in both directions. While Sarah Palin says Barack Obama "pals around" with terrorists, the Obama campaign is calling John McCain "out of touch."
Nobel Panel Decides Against U.S. HIV Discovery
The 2008 Nobel Prize for physiology or medicine went in part to two French researchers for discovering the virus that causes AIDS. The award was not shared by American Robert Gallo, who has also claimed a role in the discovery of HIV. Additionally, a German scientist got the prize for establishing the cause of most cervical cancers.
Mental Health Parity Approved With Bailout Bill
The financial bailout President Bush signed last week actually began its legislative life as a bill addressing mental health benefits. The law intended to save Wall Street also requires many businesses to offer mental health coverage equal to that for other illnesses.
FHA's Role In Homeowners' Rescue Plan Explained
The Hope for Homeowners program to help struggling homeowners refinance their mortgages into more affordable, government-backed loans went into effect Oct. 1. Brian Montgomery, Federal Housing Administration commissioner, says the foreclosure crisis may have had less of an impact if the FHA had been reformed earlier.
Under Bush, Performance Woes Akin To PR Problems
Under the Bush administration, federal agencies like the Food and Drug Administration are encouraged to treat performance problems like public relations problems. The FDA's response to criticism over its handling of the salmonella outbreak and other inspection failures was to offer a $300,000 contract to Qorvis Communications.
In Pakistan, Some Seek Spy Agency Reform
U.S. officials are urging Pakistan to reform its Inter Services Intelligence spy agency. Pakistanis don't like taking orders from the U.S., but there are those who agree the ISI needs reforming. Recently the new prime minister attempted this, but he got cold feet.
Artist Macaulay Decodes Body In 'Way We Work'
Best-selling author and illustrator David Macaulay takes a head-to-toe trip in The Way We Work: Getting to Know the Amazing Human Body. He says illustrating how we work was so difficult, he almost gave up.
As Dow Plummets, A Trader Urges Calm
The Dow Jones industrial average has plummeted, closing below 10,000 points for the first time in four years. Ted Weisberg, a floor trader at the New York Stock Exchange, says much of stock trading is driven by human emotion and the decision-making process is being driven by fear and concern.