Friday, September 19 2008

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Friday, September 19, 2008

As financial woes widen, it may be Congress coming to the rescue

The administration is heeding calls from Congress to cooperate on legislation to solve the widening financial crisis.

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Government readies to rescue banks from bad debts

Peter Morici, Professor of International Business at the University of Maryland, and Senior Fellow at the Economic Strategy Institute

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"Shifting Careers" blogger offers tips for tough economy as job options shrink

In the last two weeks Wall Street has taken a serious beating. Not only is the economy up for grabs, but jobs are too, especially for anyone working in the financial sector. For those who have already gotten their pink slip, or fear it’s en route, The Takeaway offers tips from Marci Alboher, who writes the New York Times' "Shifting Careers" blog. She’s been culling advice for financial professionals who are — or will be — pounding the pavement.

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More melamine-tainted milk found in China

Shops and supermarkets across China have been withdrawing dairy products after the revelation that powdered baby milk, and now liquid milk, has been contaminated. A government watchdog group said nearly ten per cent of milk samples taken in recent days contained the industrial chemical melamine, which makes the protein content appear higher. Four babies have died and more than six-thousand children have fallen ill as a result of the contamination.

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Golf: Ryder Cup teams begins play in Louisville, Kentucky

Teams, not solo stars, from the United States and Europe go head to head in Louisville, Kentucky, to play for golf's Ryder Cup. The Tiger-less Americans, heavy underdogs with six rookies on the team, are up against a team of European all-stars. The United States has lost five out of the last six Ryder Cups, and the pressure is on their young team.

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The sweet, sweet sounds of a bailout: Handel, Wagner, Charlie Parker

This week we’ve been hearing a lot about giants of the American economy getting saved by the government. But the bailout isn’t just the preserve of Wall Street. In fact, musicians have long since mastered the art of getting saved from financial ruin. Terrance McKnight, host of WNYC's "Evening Music," joins The Takeaway to talk about three very different musicians who got thrown the financial life preserver just in the nick of time.

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Counties that count: Talking with voters in Luzerne County, Pennsylvania

They're swing counties in swing states — and they may be the spots where this election is decided. In the first of a series on "counties that count," The Takeaway's Political Director Andrea Bernstein visits Wilkes-Barre in Pennsylvania's Luzerne County to see how voters there are reacting to the economic crisis and the candidates.

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Women matter in this election, but what happens after November?

With the embrace of Sarah Palin, rising popularity of Katie Couric, and the success of Rachel Maddow, all things female are en vogue. But, this seems to be something that happens every 4 years, only to be forgotten and shelved until the next election.

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When will Wall Street woes hit Main Street? Check your credit card statement

As of Friday morning, global stock markets had been staging major rallies after news of a possible government plan to rescue banks from bad mortgage debt. But there have been troubles on Wall Street all week. And everyone wants to know when the troubles will hit Main Street. New York Times economics writer Louis Uchitelle has a suggestion: Look at your credit card statement.

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Sen. Margaret Chase Smith aimed for the White House decades before Sarah Palin

Forty-four years ago, Maine Republican Senator Margaret Chase Smith was the first woman nominated by either of the major parties for president. A lot has changed since 1964 (the year vice-presidential hopeful Sarah Palin was born), but some things haven't changed at all.

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When the markets are toast, people buy breakfast

New numbers show that, while everyone else is in the red, spending on breakfast foods has actually increased. What does the nation eat when times are tight?

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Treasury insures money market funds, SEC bans "shorting," world markets respond

Guest: Jeremy Batsone-Carr, head of research at stock-trading firm Charles Stanley & Company Ltd., in London

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