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Front Page: CEOs at Bailed-Out Banks Increase Their Perks
- The good times are still rolling for CEOs at bailed-out banks: they received huge perks last year while taxpayers footed the multibillion-dollar bill. — Washington Post
- Afghanistan will hold a runoff presidential election on Nov. 7 following allegations of fraud that tainted the previous results.
Picture It: Death of a Postman
Mailboxes wait in limbo, or outside a San Francisco mail sort center, until their fate is determined. The US Postal Service showed up on the floor of Congress Wednesday, mailbags open for bailout change. Cutting service and charging for secure(r) email seem increasingly likely since May's ¢2 stamp hike (from ¢42 to ¢44) won't be enough to stop USPS from going bankrupt by the year's end.
Front Page: White House Braces For Bailout Backlash
- After news that AIG used bailout funds to pay $165 million in executive bonuses, the White House is preparing for populist backlash against the bailout. — New York Times
- Joe Fritzl, the Austrian man who held his daughter captive in the basement for decades and fathered her children, has plead guilty to rape, incest, and false imprisonment. — Times of London
- A woman shot by a 30-inch arrow on the streets of New York City yesterday is recovering after surgery.
Bailouts Gone Wild: Porn Industry Asks Congress For $5 Billion
The porn industry is hurting! With less money to waste, Americans are being forced to look at free Internet porn or seek meaningful relationships. And now, porn industry bigwigs have asked Congress for the same ride given to car manufacturers.
Should Bailed-out Banks Disclose What They Do With Money?
Out of the 21 banks that received at least $1 billion in government money, none would answer four simple questions posed by the Associated Press: How much has been spent? What was it spent on? How much is being held in savings, and what's the plan for the rest?
Briefing Book! Bailout Tops $8 Trillion in Taxpayer Money
- Bailout: How much? Bailout payout tops $8 trillion. — Politico
- Russia: Has Cold War II started?
Front Page: Report Reveals Few Bailout Restrictions
- The Government Accountability Office has concluded that the Treasury Department has no mechanisms to comply with the $700 billion bailout plan restrictions. Speaker Pelosi called the report evidence that the Treasury Department's actions are not accountable to the American taxpayer. — AP
- Republican Senator Saxby Chambliss reclaimed his Senate seat after winning yesterday's Georgia runoff.
Briefing Book! Michael Moore on the Big Three Bailout
- Detroit: What does Michael Moore think? Maker of Roger & Me shares thoughts on automaker bailout. — Donklephant
- Congress: Big win for liberals?
Should Congress Bail Out the Automakers?
If Michigan-bred Mitt Romney doesn't think Congress should bailout the auto industry, then the plan to save Detroit might need a set of jumper cables. Mitt wrote today: Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor, and retiree burdens, technology atrophy, product inferiority, and never-ending job losses.
Front Page: Plan to Aid Homeowners, Huge Blasts Hit India, Economy Officially Shrinking
- Plan to Aid Homeowners: The Bush administration is discussing a plan to help three million homeowners with their mortgages so they can stay in their homes. In what could be the most comprehensive effort directed at the housing crisis, the government would absorb half of the losses on home loans if mortgage companies lower payments for five years. The $50 billion cost would be part of the $700 billion bailout.
- Huge Blasts Hits India: A series of bomb explosions in India has killed at least 50 people and injured more than 150.
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