World News

McCain says Democrats will “tax and spend” (AFP)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

AFP - John McCain cast himself as the defender of the middle class and the American value of rewarding hard work Friday as he warned voters of his rival’s plans to “tax and spend.”

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Finance crisis inflicts more pain as recession fears grow (AFP)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

AFP - The global financial crisis inflicted more pain Friday on a wide range of corporate sectors, prompting heavy losses in stock markets, while the IMF readied a rescue of some 200 billion dollars for debt-laden countries.

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Russia says U.S. sanctions will hit ties (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Russia accused Washington on Friday of breaking international law and weakening cooperation on Iran’s nuclear program after it imposed sanctions on companies accused of passing sensitive technology to Tehran.

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Home sales see biggest gain since July 2003 (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Sales of previously owned U.S. homes rose 5.5 percent last month, the biggest gain since July 2003, and the inventory of unsold homes fell, a hopeful sign for a housing market mired in a long slump.

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Air Force plans nuclear command after blunders (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - The U.S. Air Force said on Friday it would create a separate command for nuclear missiles and bombers after blunders undermined confidence in its nuclear mission and led to the dismissal of top officials.

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Wall St demo gets little traction despite Dow drop (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Many Americans may be deeply upset over the financial crisis, worrying about their personal losses and the cost of government bailouts, but they appear a long way away from taking to the streets in anger.

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McCain scoffs at Obama for taking victory lap (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Republican presidential nominee John McCain, trailing in the polls, accused Democrat Barack Obama of already taking a “victory lap” by allowing an inaugural address to be drafted for him — a charge disputed by the Obama camp.

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Wall Street drops on worries about deep slowdown (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Stocks dropped on Friday in a worldwide sell-off with investors cashing out of stocks as signs mounted that the global economic slowdown could be deeper than feared and the corporate profit outlook darkened.

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Obama holds 9-point lead over McCain: ABC/Post poll (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Democrat Barack Obama holds a 9-point lead over Republican John McCain less than two weeks before the U.S. presidential election on November 4, an ABC News/Washington Post daily tracking poll showed on Friday.

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Global recession fears intensify, markets dive (Reuters)

anchorman — Sat, 25 Oct 2008 02:10:00 +0000

Reuters - Poor economic data around the world and another international barrage of corporate profit warnings and job cut announcements intensified fears of deep global recession on Friday.

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