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World News
From The Financial Times
- US in de facto support for bank liabilities
- The US is likely to strengthen its implicit guarantee for all bank deposits and bank debt but stop short of a formal legal guarantee, as it tries to save its banks without destroying its non-bank financial sector
- Bush eyes taking North Korea off terror list
- George W. Bush, US president, was considering a recommendation from his senior officials to remove North Korea from the US terrorism list in spite of Japanese concerns
- Loyalists urge McCain to attack rival
- The financial crisis has reinforced demand for change after eight years of Republican administration and focused attention on John McCain's weakest issue
- Drive to tie Obama to claim of poll fraud
- The McCain campaign honed in on allegations of voter registration fraud by Acorn, a nationwide poverty action group, and on its links to Barack Obama
- Bush tries to restore citizens' confidence
- President George W. Bush tried to inject some confidence into Americans rattled by the financial crisis, saying the government had a "comprehensive strategy and the tools necessary" to solve it.
- Probe finds Palin abused her power
- An Alaska ethics inquiry report says that the dismissal of the state's public safety commissioner was linked to his refusal to fire a state trooper involved in a personal feud with the Republican vice presidential candidate
- Congress in new turmoil hearings
- Democratic leaders in Congress responsible for economic policy are calling some legislators back to Washington before the November election for a new round of hearings on the financial crisis.
- Campaign sketches make headline news
- American comedians are relishing a sudden golden age in which presidential campaign sketches have become headline news, driving record audiences to television comedy shows, stand-up clubs and once obscure websites
- US trade deficit narrows by 3.5%
- The US trade deficit narrowed by 3.5 per cent to $59.1bn in August, the commerce department said, mainly as a result of a decline in oil imports
- Middle East jubilant over Wall St woes
- The Wall Street crash has provoked undisguised gloating among the US's enemies in the Middle East who claim the global financial crisis is a further sign that the US has lost its superpower status
- Nato to take on Afghan drug lords
- Nato forces in Afghanistan have been given the green light to take action against key figures in the country's multi-million dollar drugs trade
- Gates says US talks with Taliban conceivable
- Robert Gates, US defence secretary, said Washington could "ultimately" contemplate the idea of negotiating with the Taliban to secure a political settlement in Afghanistan
- US under pressure to rush out cash injection
- The US was under pressure to rush out a bank recapitalisation plan to reassure the markets after yesterday's dramatic late plunge in stock prices. US officials were hoping to have some time to finish the plan but analysts said they could be forced to act immediately.
- Policies from candidates deepen confusion
- Neither Democrat Barack Obama nor his Republican rival John McCain's economic policies should be taken too seriously until one of them is elected
- Further US bail-out hearings possible
- The US Senate banking committee is considering additional hearings before the November elections to examine the roots of the financial crisis and oversight of the $700bn rescue plan, people familiar with the matter said
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