Commentator Peter Smith on the coming of fall It's officially fall. Yesterday at 10:44 a.m. marked the autumnal equinox, the date each year when the sun begins spending more time below the horizon than above it. That moment is considered the official beginning of fall in the northern hemisphere. But commentator Peter Smith does not mark the change in seasons by looking to the sky. He sees the change at the end of his own bed.6:55 a.m.
Analysts say local financial firms will survive turmoil It may be another roller coaster ride for Minnesota's financial services sector when the stock market opens today. Investors pummeled Twin Cities financial firms and scores of other financial services stocks, as they worried what will or won't be in the financial industry bailout package being hashed out in Washington.7:20 a.m.
New ballast water rules target invasive species Minnesota is expected to require treatment of ballast water discharged by ships that stop at Minnesota's Lake Superior ports, in an attempt to stop the spread of invasive species.7:25 a.m.
Sen. Klobuchar skeptical of Wall Street bailout plan Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke appear on Capitol Hill to explain some of the details of a $700 billion bailout of Wall Street. Sen. Amy Klobuchar, DFL-Minn., has some concerns about it.7:50 a.m.
Reid: Congress Won't Rubber Stamp Bailout Plan
The White House is pressuring Congress to pass a $700 billion rescue package for the financial sector. Senate Majority Leader Harry Reid said the Bush administration's proposal is a starting point but by no means is the final product. Democratic lawmakers say they want to include more oversight, bankruptcy changes and executive pay caps.
Financial Firms Eye Chance To Cash In On Bailout
While Congress is hashing out details of the government's $700 billion bailout of financial institutions, Wall Street is eyeing an opportunity. The government will have to hire help to deal with the bad loans. So, some of the same firms that packaged up and signed off on those bad mortgage loans in the first place want to get hired to help with the cleanup.
Ground-Based Missile Defense Under Fire
With the U.S. government's implementation and installation of missile defense well under way, critics question the system's efficacy and technology. Officials and critics say dealing with countermeasures is an ongoing problem.
Haiti Struggles For Footing Amid Storms, Unrest
A series of powerful storms has devastated the already frail Haiti, leaving hundreds of thousands of people dependent on international food aid. Haiti has also been rattled this year by political instability, street riots and rapidly rising global food prices.
Obama: Wild Financial Markets Need Taming
Democratic presidential nominee Barack Obama campaigned Monday in the battleground state of Wisconsin. The Illinois senator chastised the Republican administration for its push to deregulate the financial markets. Obama said Republicans wanted to let the market run free, but instead they let it run wild.
Bailout Plan Makes McCain 'Deeply Uncomfortable'
Republican presidential hopeful John McCain called Monday for bipartisan oversight of the Bush Administration's proposed bailout of the U.S. financial markets. Campaigning in Scranton, Pa., McCain said the current plan makes him "deeply uncomfortable" because one man, Treasury Secretary Henry Paulson, would have control over all that money.
President Bush Bids U.N. Farewell
World leaders gathered in New York Tuesday for the U.N. General Assembly. President Bush addressed the meeting for his eighth and final time. He portrayed himself as a multilateralist who wants to see the U.N. function better. Bush is trying to shed his go-it-alone image.
Foreign Markets Mixed Over Bailout Package
From Asia to Europe, financial and political leaders showed little enthusiasm for the bailout plan aimed at rescuing the U.S. financial system. Stock markets in China, Hong Kong and Australia ended the day down. In Britain, France and Germany, stock markets began the trading day lower.
Europe Balks At Helping U.S. Dig Out Of Fiscal Hole
While Treasury Secretary Henry Paulson is pressing Congress to pass his $700 billion plan to bailout the financial sector, he's also asking foreign countries for assistance. But France and Germany are not likely to get aboard. Many Europeans now feel that their model of tighter regulation and more government involvement has been vindicated.
Blackstone's Peterson: Bailout Size Is Mind-Numbing
Congress and financial officials are busy wrangling over the proposed financial bailout package. The question is how to make sure this package works. Pete Peterson co-founded Blackstone Group, one of the country's biggest private investment firms. He says the size and the concept of the bailout package are mind-numbing.