The Buffalo News : World & Nation

Wednesday, October 8, 2008

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Financial gloom goes global
WASHINGTON — The government’s $700 billion rescue, aimed at rebuilding economic confidence, appeared instead to sound a global alarm Monday, triggering a fearful international sell-off as the United States began work on a plan that investors feared would be too little and too late to stave off a worldwide recession.
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Campaign nastiness takes hold
NASHVILLE, Tenn. — As Democrat Barack Obama and Republican John McCain arrive here for their second presidential debate tonight, they bring with them baggage from the 1960s and 1980s at a point in the campaign where nastiness has reached a new high.
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A lot of banks not likely to survive in ’09
SAN FRANCISCO — Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the U. S. government’s $700 billion plan to restore order to the financial industry.
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‘Change’ defines both camps
FREDERICKSBURG, Va. — If you need any proof that “change” is far more than a slogan used by men who want to be president, just listen to John Yalch and Eric Eisinger.
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Other World & Nation News

O. J. runs out of luck, is convicted of armed robbery

LAS VEGAS — In a city where luck means everything, O. J. Simpson came out the big loser, and his unlucky number in a case full of bizarre twists was 13.

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Economy won’t recover until Wall Street rescue reaches Main Street

NEW YORK — Washington’s financial bailout plan is now law. So the credit spigot will start

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Gov. Paterson says New York must cut $2 billion

ALBANY — The state’s budget outlook is worsening by the day, pushing Gov. David A. Paterson on Friday to propose $2 billion in spending cuts, refusing to rule out public school and hospital reductions or state worker layoffs.

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Bush signs Great Lakes Compact

TRAVERSE CITY, Mich. — Under an agreement signed Friday by President Bush, Great Lakes water cannot be diverted to thirsty areas elsewhere in the United States or abroad.

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Neither Biden nor Palin scored a knockout in debate

WASHINGTON — From the barking heads to the boisterous bloggers, from the Beltway elite to the heartland newspapers, a grand consensus quickly emerged about Sarah Palin’s debate performance: She wasn’t awful.

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The Race For The White House

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Columns

The sometimes stunningly large pensions paid to many of Buffalo’s retired city employees don’t come directly from the pocket of the taxpayer. If they did, we’d have gone bust a long time ago.

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