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Talking on his cell phone, Secretary of the Treasury Henry Paulson enters the Capitol for a late night meeting with members of Congress. (Photo by Lauren Victoria Burke / AP)

Bush: Bail out economy, or face 'long and painful recession'

President Bush went before the nation to argue for his administration's proposed $700 billion bailout of the financial system, which has been met with public skepticism.

ABC News

Bailout optimism helps stocks climb

MSNBC

President Bush's speech on the financial crisis

YouTube

Prosecutor: Alaska Sen. Ted Steven hid gifts worth thousands of dollars

U.S. Sen. Ted Stevens of Alaska took thousands of dollars in unreported gifts, a prosecutor told jurors in his corruption trial.

Bloomberg

Bailout talks in disarray

One day after President Bush said the nation's economy is at grave risk, the high-stakes negotiations over the proposed $700 billion bailout of the financial system ended in chaos.

CNNMoney

Obama on bailout plan at the White House

CBS News

McCain defends bailout tactics

CBS News

Paulson's plan `welfare for the rich'

Bloomberg

JPMorgan buys WaMu bank business as thrift seized

JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to acquire Washington Mutual Inc.'s deposits and branches for $1.9 billion.

Bloomberg

Candidates now focus on financial crisis

Job 1 for the next U.S. president now seems obvious, so what would John McCain and Barack Obama do? In many ways, the candidates offer a classic divergence between party lines.

Christian Science Monitor

Blog:

McCain yet to decide on debate

CNN

NATION

7 better uses for $700 billion

The bailout will severely limit what the government can afford to spend on health care, energy, infrastructure and education in the years ahead.

MSNBC

Column:

What is the bailout really going to cost?

Newsweek

Texting while driving banned

California drivers will be banned from text messaging while operating a motor vehicle starting Jan. 1 under a bill signed by Gov. Arnold Schwarzenegger.

Sacramento Bee

POLITICS

Palin defends foreign policy experience

Republican vice presidential nominee Sarah Palin has been widely criticized for citing Alaska’s proximity to Russia as foreign policy experience. But she is not backing down.

Reuters

Interview:

Palin on foreign policy

CBS News

Candidates avoid abortion, gay marriage

Barack Obama and John McCain are yet to feature another round of the culture war over the most volatile issues.

U.S. News & World Report

Truth in advertising? Not for political ads

In political advertising, truth is irrelevant. The whoppers piling up in the 2008 campaign remind us it's perfectly legal for candidates to lie to voters in advertising.

TIME

HEALTH

Why is melamine in baby formula, your food — and your pets' meals?

Dairy products made in China and contaminated with a chemical called melamine have sickened at least 54,000 babies and killed four.

Scientific American

CDC warns that more Americans than ever need to get flu shots

Children between 6 months and 18 years old should receive a flu shot, according to the Centers for Disease Control and Prevention.

San Jose Mercury News

Too old to dance with the stars?

Cloris Leachman's performance on "Dancing With the Stars" was entertainment, sure, but doctors say it is an example of what many people could be capable of doing in their 60s, 70s, and 80s.

ABC News

ENVIRONMENT

Oldest ice in North America hints at heat-resistant tundra

The oldest ice ever found in North America shows that ancient permafrost withstood periods of warming, a new study says.

National Geographic

Mournful howl of wolves echoes again in eastern Germany

Wolves are spreading into Western Europe, an area where their howls haven't been heard for centuries, now that all their natural enemies have long since disappeared, according to conservationists.

Monsters and Critics

LIVING & ENTERTAINMENT

Smashing Pumpkins announce 20th anniversary tour

The Smashing Pumpkins (well, Billy Corgan and Jimmy Chamberlin) have announced the details of their fall tour, which marks the group's 20th anniversary.

Rolling Stone

Letterman unloads on McCain

“Late Show” host David Letterman treated John McCain's decision to cancel an appearance on his show more like a stupid human trick than the act of a statesman.

CBS News

Michael Moore stirs online 'Uprising'

Michael Moore is releasing his new film "Slacker Uprising" online and for free, but the world premiere will take place the old-fashioned way: in a movie house.

Variety

RELIGION & SPIRITUALITY

World Religion 101 with Bill Maher

Bill Maher had to face down protests when he showed up at the premiere of "Religulous" at the Toronto International Film Festival.

Philadelphia Inquirer

Endorsing from the pulpit

A conservative Christian legal group, Booth, is set to join dozens of clergy nationwide in challenging Internal Revenue Service rules prohibiting churches from supporting or opposing candidates.

Christianity Today

Columns And Op-Ed

The opinions in the items below are not necessarily those of DailySource or our editors. Read more.

Site edited by: Jameson O'Neal, Lukas Dregne, Conrad Hain, Pallavi Sukhia and Catherine Lux.

GOOD NEWS

Can Bill Gates help Africa feed itself?

Bill Gates and Howard Buffett (Warren's oldest son) announced that their private foundations will plow more than $75 million into helping small farmers in Africa and Latin America to sell their crops as food.

TIME

Extreme poverty the focus at UN summit

Fewer people live in poverty now than in the 1990s, the U.N. wants to cut this number in half by 2015.

Christian Science Monitor

WORLD

Russia offers Chavez $1 billion for Venezuela's arms purchases

Russia offered Venezuela $1 billion of credit to purchase weapons to Venezuelan President Hugo Chavez, visiting Russia to develop military ties.

Bloomberg

Liftoff moves China toward spacewalk

China successfully launched a three-man crew into space to carry out the country's first spacewalk, beginning the nation's most challenging space mission since it first sent a person into space in 2003.

Detroit Free Press

New South African president sworn in

Kgalema Motlanthe, deputy leader of South Africa's ruling party was sworn in as president, replacing Thabo Mbeki.

BBC

BUSINESS

Flight from Morgan Stanley brokerage

Morgan Stanley lost close to a third of assets in its prime brokerage, amounting to hundreds of billions of dollars, as hedge funds panicked after the collapse of Lehman Brothers and moved to rival banks.

Financial Times

Bernanke moves closer to rate cut

Federal Reserve Chairman Ben S. Bernanke moved closer to cutting interest rates, signaling that risks to U.S. growth are greater than previously expected.

Bloomberg

Real estate market gloomiest in 17 years

YouTube

SPORTS

D-backs defeat in St. Louis gives Dodgers NL West title

The Los Angeles Dodgers clinched their first NL West title since 2004 before taking the field, thanks to three straight disappointing losses by the Arizona Diamondbacks.

ESPN

Patriots top receiver Troy Brown retires

Troy Brown retired after 15 seasons with the New England Patriots in which he set a team record for most receptions.

Sporting News

Sabathia lifts Brewers past Pirates on short rest for wild-card tie

Sabathia sizzled on short rest, giving up four hits over seven innings and striking out 11 and the Brewers rallied past the Pittsburgh Pirates 4-2 to tie the New York Mets in the N.L. wild-card race.

ESPN

SCIENCE & TECHNOLOGY

Here comes super-fast broadband

Next generation broadband will offer speeds of up to 100 megabits per second and allow a family to download songs in seconds while simultaneously watching films online.

BBC

Web 2.0 tools changing the shape of scientific debate

Research Blogging is a new website hub for scientists to discuss peer-reviewed science. The new portal aggregates, indexes and makes new research quickly available online.

Economist

EDUCATION

New coalition backs community schools, focus on partnerships

More than 100 leaders intent on influencing the presidential election and renewing the No Child Left Behind law sign a statement to improve the lives of poor children.

Education Week

Was Stonehenge a healing place?

The first excavation of Stonehenge in more than 40 years uncovered evidence that the stone circle drew ailing pilgrims from around Europe for what they believed to be its healing properties.

HappyNews.com

Photo of the Day

A pool reflects the chateau of Versailles' Petit Trianon, Marie Antoinette's refuge from the royalty, near the main castle in Versailles, France. (Photo by Francois Mori / AP)

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