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National News

US to take stake in banks, first since Depression


Treasury Secretary Henry M. Paulson Jr., speaks during a news conference, Friday, Oct. 10, 2008, in Washington. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.

Separately, the U.S. and the globe’s other industrial powers pledged to take ‘‘decisive action and use all available tools’’ to prevent a worldwide economic catastrophe.

‘‘This is a period like none of us has ever seen before,’’ declared Paulson at a rare Friday night news conference. He said the government program to purchase stock in private U.S. financial firms will be open to a broad array of institutions, including banks, in an effort to help them raise desperately needed money.

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Balloon crashes in flames at NM fiesta; man killed

October 11, 2008

BERNALILLO, N.M.

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Stocks end wild session mixed, Dow falls 128

October 11, 2008

NEW YORK (AP) — Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild los

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Legislative panel: Palin abused authority

October 11, 2008

ANCHORAGE, Alaska (AP) — A legislative committee investigating Alaska Gov. Sarah Palin has found she unlawfully abused her authority in firing the state’s public safety commissioner.

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US to remove NKorea from terror blacklist

October 11, 2008

WASHINGTON (AP) — The Bush administration plans to remove North Korea from a terrorism blacklist on Saturday after getting assurances the Stalinist nation has agreed to a plan to inspect its nuclear f

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Homeless man dies after being set ablaze in LA

October 11, 2008

LOS ANGELES (AP) — A homeless man died after being doused with gasoline and set on fire on a street where he had lived for many years and was a familiar face to residents of Koreatown, police and loca

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9/4 CM v BEA volleyball
 
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