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Morning Edition
Tuesday, September 16, 2008

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National Public Radio Stories

  • Fed Focuses On Stanching Wall Street's Meltdown
    Federal Reserve officials meet Tuesday to decide whether to lower a key interest rate in an effort to assuage the financial system. Meanwhile, the Fed has pumped $120 billion into the financial markets during the past two days and said said it is ready to provide more liquidity if needed.
  • National Organization For Women Endorses Obama
    Rarely does the National Organization For Women endorse a presidential candidate. On Tuesday, the group announced it is endorsing Democratic presidential candidate Barack Obama. Kim Gandy, president of NOW, talks about why the organization is endorsing Obama.
  • Adviser: McCain Wants Reform On Wall Street
    John McCain's chief economic adviser, Douglas Holtz-Eakin, says the Republican candidate wants to revamp the patchwork of regulations that govern economic transactions. McCain is not in favor of more regulation, he says, just uniformity.
  • Agatha Christie Recordings Discovered
    More than 13 hours of audio tapes recorded by Agatha Christie have been discovered by her grandson. The reel-to-reel tapes are notes that the famed mystery author took while preparing to write her autobiography.
  • Coast Guard Assesses Damage Along Ike's Path
    The U.S. Coast Guard is among the agencies assessing the damage caused by Hurricane Ike. Helicopter crews fly around South Texas, checking on everything from the ferry dock at Galveston to oil platforms hundreds of miles out in the Gulf.
  • Fed Loosens Rules For Ailing Investment Banks
    Some may say the federal government has a new slogan: No more bailouts. But in its efforts to shore up the turbulent financial markets, federal regulators have slipped in a little-noticed bailout provision for faltering investment banks. Officials will allow a savings bank to lend to an investment bank, provided the two have the same parent company. The rule expires at the end of January.
  • Galveston Residents Stay Put Despite Devastation
    Galveston, Texas, is moving from the search-and-rescue phase to the cleanup phase after taking a big hit from Hurricane Ike. The death toll so far has been low, but conditions are degrading. And some who weathered the storm on the island — despite dire evacuation orders from officials — remain defiant.
  • Bank Of America Capitalizes In Merrill Lynch Deal
    The hottest major player on Wall Street is currently Bank of America. The North Carolina-based bank's recent purchase of Merrill Lynch will create one of the largest financial services firms in the world.
  • Fed Meets To Consider Interest Rate Cut
    Federal Reserve officials meet Tuesday, and they may consider lowering interest rates in hopes of stabilizing Wall Street's fears. After Monday's heavy losses, market watchers will be hanging on the Fed's every move. David Wessel, economics editor at The Wall Street Journal, talks about the meeting and how it may affect Wall Street.
  • 'Forbes' Editor: Credit Crisis Not Over Yet
    Lehman Brothers' decision to declare bankruptcy has rocked Wall Street. Bob Lenzner, national editor at Forbes magazine, says he feels like he's watching a boxing match because there have been many rounds of financial failures beginning with the subprime market. He believes the credit crisis is not over yet.
  • Asian Markets React To Wall Street's Carnage
    Stock markets in Asia took a big hit Tuesday after Wall Street's 504-point drop on Monday. Most Asian markets were closed Monday for a holiday, so Tuesday was the first time investors reacted to the news of Lehman Brothers' bankruptcy and Merrill Lynch being bought by Bank of America.
  • Obama Vows To Battle Credit Crisis
    Democrat Barack Obama on Monday blamed lax oversight and loose regulation for the financial breakdown. The Illinois senator attacked comments made by Republican rival John McCain and his idea of trickle-down economics.
  • McCain: 'I Know Americans Are Hurting Now'
    The financial crisis on Wall Street has made its way into the presidential campaign. Both major party nominees are taking stances on how they would manage the turmoil. On Monday, Republican presidential nominee John McCain blamed the problems on a broken regulatory system and corporate greed. He said the fundamentals of the economy are at risk.
  • House And Senate Toil On Energy Package
    Lawmakers have arranged a series of votes this week on energy policy. Even though some bills may pass, they are unlikely to become law. Still, members of Congress campaigning for re-election will use the vote to show how serious they are about combating high oil prices.
  • Economy Forces GM To Slow Corvette Production
    General Motors has announced that it is slowing production of its iconic sports car, citing the bad economy. GM will shut down the factory in Bowling Green, Ky., where the Corvette is made for a week next month. When it reopens, workers will turn out only 15 Corvettes and hour. That's down about three cars from the current production schedule.

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