Campaign for constitutional amendment gears up A constitutional amendment on the November ballot would raise the state sales tax to support the environment and the arts. Advocates on both sides of the issue have launched aggressive campaigns.7:20 a.m.
Monday Markets with Chris Farrell Minnesota Public Radio's Chief Economics Correspondent Chris Farrell analyzes the $700 billion bailout of Wall Street.7:55 a.m.
Missile Defense System Aimed At Potential Threats
A $60 billion missile defense system targets the potential threat from nations with intercontinental ballistic missile technology. Critics say much of the system will not work in the event of an actual attack.
You Can't Spell New York Without Tow Trucks
How do you spell New York? Apparently, you use tow trucks. A procession of 292 tow trucks rumbled through New York City over the weekend to set a new world record for the largest parade of its kind. The fleet started at Shea Stadium, home to the New York Mets in Queens, and finished at an abandoned airport tarmac. There, they spelled out: New York. The feat smashed the previous tow truck parade record: 83, in 2004 in Washington state.
Russia Has Its Own Financial Crisis
Russian stock markets fell to a 10-year low last week. But the U.S. financial crisis was only one of the factors affecting the markets. Russia's invasion of Georgia and other moves by the government have hurt its economy, along with exposing some underlying weaknesses.
Asian Markets Rally Over U.S. Bailout Plan
The rally on overseas stock markets continued Monday, a positive reaction to the $700 billion U.S. plan to shore up the financial system.
Alaska Sen. Ted Stevens Goes On Trial
Jury selection begins Monday in the trial of Alaska Sen. Ted Stevens. The Republican Party's longest-serving senator faces seven counts of lying on his Senate disclosure forms. Libby Casey of Alaska Public Radio Network reports.
What Can U.S. Learn From Japan's Economic Crisis?
Japan weathered an economic crisis of its own nearly two decades ago. Like the U.S., its financial crisis began in the real estate market. Economists who have studied the crisis say the experience offers valuable lessons for the U.S.
Americans Reclaim Ryder Cup From European Team
The U.S. team won its first Ryder Cup trophy in nine years Sunday at the Valhalla Golf Club in Louisville, Ky. The Americans did it without the help of Tiger Woods, who's recovering from knee surgery. Commentator John Feinstein says right from the start, this American team looked special.
How Will Politics Play In Bailout Passage?
News of the Bush administration plan to rescue Wall Street is dominating the political headlines. Senators Barack Obama and John McCain will be among the lawmakers voting on the $700 billion package. Later this week, the two will meet face-to-face in the first debate of the presidential campaign.
Professor: Current Crisis, Great Depression Differ
As the country struggles with the current financial crisis, there have been the inevitable comparisons with the Great Depression. Marvin Goodfriend, an economics professor at Carnegie Mellon University's Tepper School of Business in Pittsburgh, says that while people are comparing this financial crisis to the 1930s, there are some big differences.
Security Standoff In Iraqi City
A dispute between two Iraqi security services is brewing in the eastern city of Khanaqin. A Kurdish group, loyal to the Kurdistan regional government, controls security into the city. Iraqi government troops are not being allowed to enter. The standoff has become so hostile that top Iraqi and U.S. military officials are trying to negotiate a solution.
Bidding Adieu To Yankee Stadium
New York City said goodbye to Yankee Stadium Sunday. New York beat Baltimore 7-3, but they missed the playoffs. So they go directly to New York's traditional postseason recriminations. The Yankees are replacing the stadium where Babe Ruth hit home runs, and Lou Gehrig said goodbye. The stadium's epitaph comes from Yogi Berra, the Yankee who famously said, "It ain't over til it's over." Berra says, "I'm sorry to see it over."
Changing World Of Finance
A lack of confidence is at the core of the current economic financial crisis. David Smick, a consultant to several large hedge funds and publisher of the quarterly newsletter International Economy explains how international banks and financial institutions are intertwined in the crisis.
Fed OKs Changes At Goldman, Morgan Stanley
The Federal Reserve says the last two big, independent investment banks, Goldman Sachs and Morgan Stanley, are scrapping the business model that made them so profitable for so long. They are now bank holding companies and are regulated by the Fed.
Financial Crisis Domain Names For Sale On eBay
Cybersquatters are trying to cash-in on Wall Street's financial crisis. Domain names like corporatebailout.com are for sale on eBay. Also being bid on: destructionof Lehman.com and riplehman.com.
Congress Urged To Back Nuclear Deal With India
The Bush administration is pressing Congress to approve a nuclear cooperation deal with India. It's one of the top foreign policy goals of the White House. Some lawmakers are cautious, and not eager to ease a requirement that it should have 30 days to consider the deal before ratifying it.
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