Thursday, October 09 2008

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Thursday, October 09, 2008

World markets react to news that U.S. Treasury may take stake in banks

Guest: Michael Hunter, markets reporter for the Financial Times

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The financial crisis and the small-town American banker

As huge banks topple, one after another on Wall Street, how are small neighborhood banks faring? The Takeaway talks with the head of Pleasants County Bank in the town of Saint Marys, West Virginia, about how his bank has been affected by the financial meltdown.

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Patchwork Nation: Race and education issues permeate “Minority Central”

The Takeaway continues its ongoing look at America as a "patchwork" nation rather than a collection of red and blue states. This time, we focus on “Minority Central,” a group of 408 counties that are home to large pockets of black and Native American voters.

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The healthcare plans of John McCain and Barack Obama

When it comes to health care, on the campaign trail at least, we often hear the stories of the down and out who have just been diagnosed with a terminal illness. But under a McCain or an Obama plan, this hypothetical patient would not actually be treated that differently. In order to truly distinguish McCain’s plan from Obama’s, we need to see it through the eyes of a middle income, 20-something man. The Takeaway walks in the shoes of the average uninsured Joe with Mark Pauly. He’s a health economist at the Wharton School.

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In the 1970s, President Ford called on Americans to "Whip Inflation Now"

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A rare glimpse into the oil rigs on Alaska’s mysterious North Slope

Alaska’s North Slope is barren tundra, shrouded in mystery for those people who don't live or work there. It's also where we get more than 15 percent of domestic oil. Writer Jeanne Marie Laskas is one of the few people to penetrate the tight-knit world of roughnecks — the men who bring the oil up out of the ground. The Takeaway talks with Laskas about her singular experience documenting the lives of North Slope oil workers.

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Treasury Department tries to restore hope in the economy

After passing the bailout bill, the U.S. Treasury has infused cash into the banks across the country in hopes to convince them to resume lending money. But does it give them the right to take ownership of banks that are still thriving?

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McCain proposes a housing bailout, but funds may be spent by Inauguration Day

In his answer to the first question of Tuesday’s presidential debate, John McCain proposed using the funds from the bailout package to help Americans struggling to pay their mortgages. The Obama camp says the proposal would mean losses for taxpayers. It may not matter — the bailout is already in high gear, and the money may well be spent by the time either of them is in office.

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In tight N.C. Senate race, Kay Hagan challenges incumbent Elizabeth Dole

U.S. Senator Elizabeth Dole was considered a sure thing for re-election this year. But politics are shifting and her Democratic challenger, Kay Hagen, just might win the Senate race in this southern state.

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What the health of the economy means for healthcare

With the country focused on John McCain’s and Barack Obama’s health policy, few are assessing what the economy’s freefall means for healthcare. The Takeaway looks at how a beleaguered Wall Street and struggling Main Street will affect coverage and care.

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French novelist J.M.G. Le Clezio wins 2008 Nobel Prize in literature

The 2008 Nobel Prize in literature was announced this morning. The winner is French novelist Jean-Marie Gustave Le Clézio.

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From survival of the fittest to survival of all: Is evolution over?

As medicine, technology and culture advance, we’ve gone from survival of the fittest to survival of just about everyone. Evolution is about weeding out the weak and ensuring that the strong survive. But geneticist Steve Jones thinks our advances have effectively put an end to natural selection.

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Election officials may have removed thousands from voter rolls in swing states

It's fewer than four weeks until the hotly contested presidential election, when every vote will count. But New York Times reporter Ian Urbina writes today that six swing states have removed tens of thousands of eligible voters, apparently violating federal law. That includes, for example, over thirty thousand Colorado voters removed from the rolls in just three weeks. The Takeaway talks with Ian Urbina to find out what happened, who's affected and what's next.

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