Poll: Economy costs Coleman lead in Senate race New Minnesota Public Radio News/University of Minnesota Humphrey Institute polls indicate the bad economic news last week cost Republican Sen. Norm Coleman a lead in the U.S. Senate race.7:25 a.m.
McCain, Obama Debate Focuses On Economy
Presidential hopefuls Barack Obama and John McCain debated Tuesday night at Belmont University in Nashville, Tenn. The two clashed over the economic crisis, taxes, health care, energy and foreign policy.
British Government To Partially Nationalize Banks
The British government announced a multibillion-dollar rescue package Wednesday for British banks. The emergency plan partially nationalizes Britain's banking industry. The move comes one day after some banks lost nearly 40 percent of their share value.
Markets Not Impressed With Fed's Credit Fix
Steps by the Federal Reserve to thaw credit markets have not been enough to calm nervous investors. News about financial companies only added to the despondent mood on Wall Street. The Dow Jones industrials lost more than 500 points. Third-quarter earnings also reflect the economic slowdown.
Watermen Forced To Adjust To Blue Crab Rules
Pollution in the Chesapeake Bay is putting the iconic blue crab in danger. To keep the crab population from shrinking further, Maryland and Virginia have limited their harvests. Already hurting, watermen have to deal with new regulations.
Undecided Voters Watch Debate In Albuquerque
New Mexico will be an important state in November's presidential election. It's among the states that could go for either Barck Obama or John McCain. Some Albuquerque voters remain, for the most part, decidedly undecided after watching Tuesday night's presidential debate.
Sarah Palin Works To Close Gap In Florida
Once again, Florida is a battleground state this presidential election. Polls show Republican nominee John McCain trailing Democrat Barack Obama. Democrats have registered many more new voters this year than Republicans. But GOP strategists are confident that vice presidential nominee Sarah Palin can inspire more people to vote for McCain.
Foreign Markets Remain Unsettled
Panic and pessimism are the operative words these days in the global financial world. Following Tuesday's steep drop in U.S. markets, stock investors throughout Asia headed for the exits. Japan's Nikkei Average lost close to 10 percent. Indonesia's main index lost more than 10 percent.
Moscow Fails To Alleviate Market Concerns
Amid the turmoil in the world's financial markets, Russia has been among the hardest hit nations. Its stock market is down more than 60 percent. Russia's president announced billions more in financial aid Tuesday, but that did little to help the markets.
Will Bailout Package Limit CEO Salaries?
The $700 billion bailout package includes an attempt to limit salaries for financial executives who take part in the rescue plan. Paul Hodgson, a senior research associate at the Corporate Library, talks about the effort and the Wall Street culture that encourages inflated pay.
AIG Executives Visit Posh Retreat After Bailout
Lawmakers criticized American International Group executives for lavish spending. Henry Waxman, chairman of the House Committee on Oversight and Government Reform, said Tuesday that AIG executives spent about $400,000 during a retreat at a posh California resort. The spa getaway happened less than a week after the government bailed out the insurance firm.