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Tuesday, October 7, 2008

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National Public Radio Stories

  • Federal Reserve Tries To Get Credit Moving Again
    The government announced Tuesday that it plans to buy huge amounts of short-term debts from companies. The Fed will buy "commercial paper," a short-term financing mechanism that many companies use to finance their day-to-day operations, like meeting payroll or purchasing supplies.
  • Fed Takes Drastic Step To Unfreeze Credit Market
    The Federal Reserve announced Tuesday a dramatic plan to buy massive amounts of short-term debts in an effort to break through the country's credit clog. Officials say the Fed will buy "commercial paper," a short-term financing mechanism that many companies rely on to finance their day-to-day operations, such as purchasing supplies or making payrolls.
  • European Ministers Plot Cure For Financial Crisis
    Finance ministers from the 27 European Union countries meet in Luxembourg on Tuesday to consider what, if anything, their governments can do together to stop the spreading financial crisis. Individual European governments disagree about what should be done.
  • Nano Production Hits A Pothole In West Bengal
    The Nano, billed as the world's cheapest car, was supposed to roll off an Indian production line this month. But that plan hit a snag when Tata Motors announced it had to build the car somewhere else. The company closed the new plant in the state of West Bengal after violent protests.
  • Credit Crisis Spreads To Hospitals, Colleges
    The credit crisis has moved from big institutions like Fannie Mae and Freddie Mac to smaller institutions like hospitals, colleges and nonprofit organizations. Rising interest rates are limiting their ability to expand, and they warn that rising debt payments will cut into staff and services.
  • What Will It Take To Invigorate Wall Street?
    Even though Congress passed the massive Wall Street bailout plan, the financial markets are distinctly unhappy. The Dow Jones Industrial average finished below 10,000 for the first time since 2004. David Wessel, economics editor at The Wall Street Journal, talks with Steve Inskeep about what's upsetting the markets.
  • McCain Hopes To Shine In Town Hall-Style Debate
    The presidential election is exactly one month away, and Republican John McCain appears to be behind in the polls. Surveys suggest that Democrat Barack Obama is approaching the 270 Electoral College votes needed for victory. The two candidates will meet Tuesday in Nashville, Tenn., for a town hall-style debate.
  • Candidates Mine For Rural Votes In Nevada
    Nevada is one of several states still up for grabs. Republican voters in the state's rural counties are enthusiastic about Republican presidential nominee John McCain. But Democrat-run voter registration drives are gaining ground in urban areas like Las Vegas. Neither campaign is taking the state for granted.
  • Obama: Congress Should Help More Families
    Democratic presidential nominee Barack Obama campaigned Monday in North Carolina, where he told supporters that Congress should pass an economic stimulus package to help American families. He also said John McCain lacks the understanding necessary to fix the troubled economy.
  • Old Visitor Center Is New Battle Of Gettysburg
    The 1864 cyclorama painting, "The Battle of Gettysburg," is on display in a new visitors center. The National Park Service wants to demolish the old building, but it was designed by Richard Neutra, one of the most important figures of modern architecture. Neutra's son has filed a lawsuit to force the Park Service to reconsider its decision.
  • Europe Not United Over How To Resolve Crisis
    European governments are scrambling to shore up their banks. The governments promised to work together to solve the financial crisis, but so far, they have acted separately. Philip Coggan, capital markets editor for The Economist, talks with Ari Shapiro about the steps European officials are taking to reassure investors, and whether those steps are working.
  • Bank Of America To Modify Countrywide Loans
    In the boldest step yet by any bank to address the ongoing foreclosure crisis, Bank of America, which now owns mortgage giant Countrywide Financial, has settled with state prosecutors who sued Countrywide for predatory lending. Bank of America agreed to make loans more affordable for about 400,000 homeowners.
  • Airline Works To Block Adult Web Sites
    Delta Airlines plans to launch its wireless Internet service this year. There has been concern that some passengers may try to surf adult Web sites. The Atlanta Journal-Constitution reports that the airline will work with its wireless service provider on a filter to block offensive Web sites.
  • Taped Phone Conversations Played At Stevens Trial
    Jurors heard secretly recorded telephone conversations Monday in the trial of Alaska Sen. Ted Stevens. The calls were taped in 2006 with the consent of witness Bill Allen, who admitted under cross-examination that he never tried to bribe the Alaska lawmaker. Stevens is charged with lying about money and gifts on financial disclosure forms.
  • Hurdles Remain In Iraq Security Agreement
    U.S. Deputy Secretary of State John Negroponte is making an unannounced visit to Iraq on Tuesday. U.S. and Iraqi officials have been negotiating a deal governing the operation of U.S. troops in Iraq, which expires this year. Iraq's foreign minister says it will take "bold political decisions" to overcome the final hurdles.

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