THE FLASHLIGHT, October 4-10, 2008
THE FLASHLIGHT
No Peace without Justice, no Justice without the Facts
October 4-10, 2008
Editor Mary K. Matossian, 9-M
mary@matossian.net
US Economy
CNN 10-3. The US House of Representatives passed the bailout bill 263-171.
A survey taken before the credit crisis showed that 159,000 jobs had been lost in September.
PBS 10-3. Wells Fargo Bank bought Wachovia Bank.
NY Times 10-6. In spite of the bailout bill, European and Russian stocks fell sharply. The price of oil fell below $90 a barrel
CNN 10-6. Stocks fell by 800 points, then partially recovered, leaving the Dow Jones index under 10,000.
Gold went up 4%, oil down to $87.80 a barrel
Worldwide, stocks declined: China by 5%, Germany 7%, Britain 8%, France 9%. In Russia and Brazil, trading was stopped.
CNN 10-7. Bank of America shares declined 26%. The US market is down 1000 since the House acted on the bailout last Friday. The Federal Reserve may become the bank of last resort for all large corporations, not just investment banks.
PBS 10-8. The British nationalized their leading banks. Major European markets were down another 5%, emerging markets, 8-10%.
CNN 10-9. A commentator predicted that even after the markets come back, house prices will continue to decline, and unemployment will continue to rise.
The Nasdaq index is down 16%.
NY Times 10-10. Krugman. The Federal Reserve should buy into all banks, giving taxpayers equity in them (as the British have already done). The should be done this weekend in cooperation with European and Japanese banks. Otherwise the situation will become much worse.
US Politics
NYTimes 10-4. Obama is trying to appeal to older voters by talking about federal health insurance.
CNN 10-6. 61% of likely voters think Obama will win.
Obama promised (again) tax breaks for 95% of households, with incomes under $250,000, and unemployment relief.
53% still oppose the bailout bill.
Bush favorability is down to 20%, the same as Nixon at the end of his presidency. Obama is trying to link McCain to Bush. In particular, McCain is trying to make permanent the Bush tax cuts for the very rich.
Poll shows that Biden is considered qualified to be President, 79 to 19. But only 43% think Palin is qualified, vs. 56% who think she is not qualified.
McCain is losing because he is failing to appeal to moderates and the undecided.
BBC 10-6. Obama leads in projected electoral votes 250 to 189. To win, 270 are needed. In Florida, new voters favor Democrats 2 to 1, and in Colorado, 4 to 1.
W Post AP 10-8. After the second debate, Obama was judged the better debater 54 to 30%. Obama received 64% favorability ratings, up from 60% before the debate. McCain remained at 51%. In likeability Obama received 65% to 28% for McCain.
CNN 10-8. A commentator said that the economy will trump race as an issue. “Success “ in Iraq is receding as an issue.
PBS 10-8. There is a great increase in voter interest. Democratic Party registration is way up.
Kansas City Star. Gallup poll shows Obama leading 52 to 41%
NY Times 10-9. David Brooks. The Republicans have alienated professional people; the latter favor Democrats:
lawyers, 4 to 1; doctors, 2 to 1; technology executives 5 to 1; investment bankers, 2 to 1. Liberals now dominate the elite universities and the mainstream media.
Reuters 10-10. Citizens 65 and older are backing McCain 4 to 1. This reflects the die off of those remembering the New Deal; the new old are more conservative. On the other hand, citizens 18 to 29 back Obama 4 to 1.
SF Examine, US News. In a summary of state polls, it was found that in Florida In one poll Obama led 52-44, and in another poll, 50-47. In Minnesota, Obama led 52-45 in one poll, 50-47 in another.
Obama had substantial leads in Michigan, Pennsylvania, New Hampshire, Virginia, and West Virginia. McCain led narrowly in Missouri, 49-46, Obama led narrowly in North Carolina and Ohio.
Health
NYTimes 10-8. The bailout package carries provisions for more mental health insurance coverage. Now these diseases carry the same co-pays and deductibles as other diseases. There will no more time limits on treating mental conditions. This change is based on the understanding that many mental health problems are real diseases of the brain and gene mutations. All conditions in the American Psychiatric Association diagnostic manual are now covered.
Climate
NYTimes 10-7. The government of California has a plan to reduce greenhouse gas emissions by 1) curbing urban sprawl and 2) cutting the time that people have to spend in automobiles.
New zoning laws will be passed so that developers can build housing closer to work sites. New mass transit facilities will be built.
Transcaucasia/Russia
BBC 10-8. Russian troops are withdrawing from Georgia, Ossetia, and Abkhazia, as promised.
No Peace without Justice, no Justice without the Facts
October 4-10, 2008
Editor Mary K. Matossian, 9-M
mary@matossian.net
US Economy
CNN 10-3. The US House of Representatives passed the bailout bill 263-171.
A survey taken before the credit crisis showed that 159,000 jobs had been lost in September.
PBS 10-3. Wells Fargo Bank bought Wachovia Bank.
NY Times 10-6. In spite of the bailout bill, European and Russian stocks fell sharply. The price of oil fell below $90 a barrel
CNN 10-6. Stocks fell by 800 points, then partially recovered, leaving the Dow Jones index under 10,000.
Gold went up 4%, oil down to $87.80 a barrel
Worldwide, stocks declined: China by 5%, Germany 7%, Britain 8%, France 9%. In Russia and Brazil, trading was stopped.
CNN 10-7. Bank of America shares declined 26%. The US market is down 1000 since the House acted on the bailout last Friday. The Federal Reserve may become the bank of last resort for all large corporations, not just investment banks.
PBS 10-8. The British nationalized their leading banks. Major European markets were down another 5%, emerging markets, 8-10%.
CNN 10-9. A commentator predicted that even after the markets come back, house prices will continue to decline, and unemployment will continue to rise.
The Nasdaq index is down 16%.
NY Times 10-10. Krugman. The Federal Reserve should buy into all banks, giving taxpayers equity in them (as the British have already done). The should be done this weekend in cooperation with European and Japanese banks. Otherwise the situation will become much worse.
US Politics
NYTimes 10-4. Obama is trying to appeal to older voters by talking about federal health insurance.
CNN 10-6. 61% of likely voters think Obama will win.
Obama promised (again) tax breaks for 95% of households, with incomes under $250,000, and unemployment relief.
53% still oppose the bailout bill.
Bush favorability is down to 20%, the same as Nixon at the end of his presidency. Obama is trying to link McCain to Bush. In particular, McCain is trying to make permanent the Bush tax cuts for the very rich.
Poll shows that Biden is considered qualified to be President, 79 to 19. But only 43% think Palin is qualified, vs. 56% who think she is not qualified.
McCain is losing because he is failing to appeal to moderates and the undecided.
BBC 10-6. Obama leads in projected electoral votes 250 to 189. To win, 270 are needed. In Florida, new voters favor Democrats 2 to 1, and in Colorado, 4 to 1.
W Post AP 10-8. After the second debate, Obama was judged the better debater 54 to 30%. Obama received 64% favorability ratings, up from 60% before the debate. McCain remained at 51%. In likeability Obama received 65% to 28% for McCain.
CNN 10-8. A commentator said that the economy will trump race as an issue. “Success “ in Iraq is receding as an issue.
PBS 10-8. There is a great increase in voter interest. Democratic Party registration is way up.
Kansas City Star. Gallup poll shows Obama leading 52 to 41%
NY Times 10-9. David Brooks. The Republicans have alienated professional people; the latter favor Democrats:
lawyers, 4 to 1; doctors, 2 to 1; technology executives 5 to 1; investment bankers, 2 to 1. Liberals now dominate the elite universities and the mainstream media.
Reuters 10-10. Citizens 65 and older are backing McCain 4 to 1. This reflects the die off of those remembering the New Deal; the new old are more conservative. On the other hand, citizens 18 to 29 back Obama 4 to 1.
SF Examine, US News. In a summary of state polls, it was found that in Florida In one poll Obama led 52-44, and in another poll, 50-47. In Minnesota, Obama led 52-45 in one poll, 50-47 in another.
Obama had substantial leads in Michigan, Pennsylvania, New Hampshire, Virginia, and West Virginia. McCain led narrowly in Missouri, 49-46, Obama led narrowly in North Carolina and Ohio.
Health
NYTimes 10-8. The bailout package carries provisions for more mental health insurance coverage. Now these diseases carry the same co-pays and deductibles as other diseases. There will no more time limits on treating mental conditions. This change is based on the understanding that many mental health problems are real diseases of the brain and gene mutations. All conditions in the American Psychiatric Association diagnostic manual are now covered.
Climate
NYTimes 10-7. The government of California has a plan to reduce greenhouse gas emissions by 1) curbing urban sprawl and 2) cutting the time that people have to spend in automobiles.
New zoning laws will be passed so that developers can build housing closer to work sites. New mass transit facilities will be built.
Transcaucasia/Russia
BBC 10-8. Russian troops are withdrawing from Georgia, Ossetia, and Abkhazia, as promised.
posted by THE FLASHLIGHT at 9:23 AM
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