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...Sunday morning, House Speaker Nancy Pelosi announced the fundamentals of a deal between House and Senate leaders and Treasury Secretary Henry Paulson to stave off financial collapse on Wall Street after a week of frenzied Hill wrangling. Declaring the $700 billion bailout plan "a way to insulate Main Street and everyday Americans from the crisis on Wall Street," Pelosi unveiled the deal with House Republican Whip Roy Blunt and the ranking Republican from the Senate banking committee, Judd Gregg, as well as Paulson and other Democratic leaders...
...moment of particular clarity during Friday night's debate with Obama, McCain put it aptly. "This isn't the beginning of the end of this crisis," he said. "This is the end of the beginning." However the economy affects McCain's chances for the White House, the pain on Main Street has only just begun...
...decision to install the main missile site in Poland, which is one of the NATO countries closest to Moscow, has incensed Russia, and it has threatened to destroy the missile site, if it are set up. While the missile system, as currently designed, would be ineffective against the Russian nuclear arsenal, the U.S. has promised Poland, in return for allowing the missile installation, a Patriot missile defense system, which would be aimed at Russia and have the capability to shoot down military planes as well as missiles. Russia sees the missile deal as an opportunity for the U.S. to increase...
...Sept. 30, 1962, one black student, James Meredith, was escorted through a sea of angry students by Federal Marshals as he walked through campus to register at the law school. Today a statue of Meredith stands prominently on the main campus to commemorate the civil rights struggle...
...insufficiently sharp and detailed manner - and unevenly worked elements of his rival's record into his attacks. Still he was utterly confident about his own experience, knowledge, and policies, even when tripped by his own tongue and distracted by the strains of debate practice. The main problem: Obama's obvious preparation and sharp answers contradicted McCain's frequent claims that the Democrat was uninformed and "didn't understand" key issues...