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Wednesday, October 8, 2008

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Associated Press
John McCain and Barack Obama shake hands at the end of their town hall-style presidential debate.

McCain, Obama tangle over the causes and cures for the economic crisis

By Charles Babington - Associated Press
Updated: 10/07/08 10:54 PM

NASHVILLE, Tenn. -- Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years tonight in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure.

"It's my proposal. It's not Sen. Obama's proposal," McCain said at the outset of a debate he hoped could revive his fortunes in a presidential race trending toward his rival.

In one pointed confrontation on foreign policy, Obama bluntly challenged McCain's steadiness. "This is a guy who sang bomb, bomb, bomb Iran, who called for the annihilation of North Korea — that...

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EVENT LISTINGS FROM GUSTO

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Grand jury to get case of female teacher charged with raping boy

Former teacher Cara L. Dickey's rape case will go to an Erie County grand jury, following an hour-long closed felony hearing this afternoon in West Seneca Town Court.

Audit says Falls schools overpaid hundreds of employees, including Granto

NIAGARA FALLS - The Niagara Falls School District overpaid 272 employees by more than $500,000, and Superintendent Carmen A. Granto improperly received vacation pay of $10,800 and used a district credit card for private consulting work, according to a state audit released today.

City & Region

UB receiving millions to help in global AIDS fight

A $7.6 million grant to help fight the global AIDS epidemic has been awarded to the University at Buffalo's School of Pharmacy and Pharmaceutical Science, the university announced this morning.

Sports

Connolly, Stafford join Sabres at full speed

The Buffalo Sabres switched into regular-season mode today in HSBC Arena as they practiced for nearly 90 minutes in their first workout for Friday's season opener against the Montreal Canadiens.

Business

Idled urban American Axle factory sold

The dormant American Axle & Manufacturing plant on East Delavan Avenue in Buffalo has been sold, and the new owner plans to revive it as a multitenant commercial complex.

World & Nation

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.

Opinion

Revisit pension benefits

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.

Life

A lucky number

It’s October, which means it’s time for a new pick from The Buffalo News Book Club. This month, we’ll take up “The Thirteenth Tale,” a novel by Diane Setterfield.


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