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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)

Washington Mutual becomes largest bank failure in US history

As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks — Washington Mutual — has collapsed under the weight of its enormous bad bets on the mortgage market.

MSNBC

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

President Bush's speech on the financial crisis

YouTube

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

On debate day, uncertainty looms

The first general election debate remained in limbo, just hours before John McCain and Barack Obama were scheduled to appear on stage together at the University of Mississippi.

POLITICO

Candidates now focus on financial crisis

Christian Science Monitor

US officer details pre-Abu Ghraib abuses

Air Force Col. Steven Kleinman told Congress that before the abuses at Abu Ghraib, he witnessed interrogations that he believes violated the Geneva Conventions.

Baltimore Sun

Psychiatrists protest Pentagon interrogations

NPR

NATION

County abortion regulations closely watched in Indiana

Abortion opponents in Indiana are encouraging passage of county-level regulations that abortion-rights groups say might be the leading edge of a nationwide effort to limit access to the procedure.

USA Today

Father abandons 9 kids under safe-haven law

MSNBC

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

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

EU ordering testing of more products with Chinese milk

European Union regulators ordered strenuous testing of imports with at least 15 percent milk powder upon discovering that food containing tainted milk powder from China may be circulating in Europe.

Houston Chronicle

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

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

Environment groups muzzled, May says

Canada's Green Leader says that leading environmental groups are being silenced during the election campaign due to fears that their funding will be cut if the Conservatives are re-elected.

Toronto Star

RELIGION & SPIRITUALITY

Should the Church be entering the bailout controversy?

Two Anglican clergymen are speaking out against the world's stock market traders and calling for more regulation of the markets.

London Independent

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.

Column:

Analysis: A bad day for the GOP on politics, bailout

Baltimore Sun

Blog:

Palin: I'll try to find ya some and I'll bring 'em to ya

ABC News

Editorial:

Correction on Sarah Palin

Salon.com

Editorial:

Politics as usual

Financial Times

Column:

What is the bailout really going to cost?

Newsweek

Editorial:

Will Paulson's plan work?

Economist

Column (Joe Dickerson):

John McCain: stunt man

Slate

Blog:

Will the Republicans suspend the election?

Salon.com

Column:

7 better uses for $700 billion

MSNBC

Editorial:

Pakistan will prevail against terrorism

Boston Globe

Editorial:

Playing chicken with the US economy

Real Clear Politics

Site edited by: Zahra Jaferi, Steff White-Olson, Max Miller, Beverly Stiles, Joe Gold, Bryan Panhorst, Carlos Wall, Chuck Vose, Walt Chiu and Dana Myles.

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

16 violins rescued from Holocaust make music again in Jerusalem

Sixteen violins found in Nazi concentration camps and abandoned Jewish communities after World War II have made music together for the first time in a concert outside the walls of Jerusalem's Old City.

San Francisco Chronicle

WORLD

US, Pakistan exchange shots at volatile border with Afghanistan

U.S. and Pakistani troops exchanged fire along the Pakistani-Afghan border minutes after the Pakistani military fired shots at two American helicopters, a U.S. military spokesman said.

CNN

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

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

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

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

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

South Korean Special Army soldiers demonstrate their martial arts skills during a rehearsal for the 60th anniversary of Armed Forces Day at Seoul Olympic Stadium in South Korea. (Photo by Ahn Young-joon / AP)

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