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Monday, September 22, 2008

The Power of Water

The ocean power industry has made few advances compared to the wind and solar power industries. But the colossal power of the ocean continues to attract companies around the world.

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The Prospects of Paulson's Bailout Package

As WSJ's Jerry Seib explains, Treasury Secretary Hank Paulson may know how to make a deal, but for his bailout package to work he must find a way to provide aid to both homeowners and financial institutions while ensuring oversight. (Sept. 23)

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Discreet Discounting

Barron's Clare McKeen says luxury auto makers don't do clearance sales, but savvy buyers can get big discounts on high-end wheels. (Sept. 22)

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Country-of-Origin Labels for Food

Starting Oct. 1, certain foods will have to wear country-of-origin labels, which begs the question: Do people care where their food comes from? WSJ's Matt Rivera reports. (Sept. 23)

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Hospitals Demand Cash Advances to Treat Cancer

Some hospitals are requiring patients to pay cash in advance for their treatment. WSJ's Barbara Martinez looks at one such case involving a cancer patient that needed to pay $45,000 in order to be admitted for treatment.

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Alphorn Undergoes a Renaissance

The alphorn is a 12-foot-long wooden folk instrument traditionally played by Swiss shepherds to communicate across mountain valleys. Now musicians in cities are embracing it. WSJ's Edward Taylor reports. (Sept. 23)

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'Daisy Chain' Strategy Increases Kidney Donors

Patients in need of a kidney transplant are seeing a surge in donors as loved ones offer their own kidneys into a pool in the hopes that a "daisy chain" of generosity will save lives. WSJ's Rhonda Rundle reports. (Sept. 23)

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Feeney ad

Tom Feeney ad

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After the Shearing Stolen Dreams Short Film Competition


Located on http://www.stolendreams.com, After the Shearing tells the story of a young girl coping with the discovery that her mother is battling cancer. This film was written and directed by Vanessa Rojas for the Stolen Dreams Short Film Competition, presented by Divided We Fail (http://www.dividedwefail.org)

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Yahoo Still in Microsoft's Orbit

Microsoft's $40 billion stock buyback suggests that it's giving up on Yahoo for good, but some analysts speculate that it may yet bid for the Web portal. John Letzing reports. (Sept. 22)

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Trailer for DWF Stolen Dreams Short Film Competition


The Stolen Dreams Short Films Competition is sponsored by Divided We Fail and UCLA and addresses health care and financial security topics. Vote for your favorite now -- http://www.stolendreams.com

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Behind the Scenes Trailer for the Stolen Dreams Short Film Competition


The Stolen Dreams Short Films Competition is sponsored by Divided We Fail and UCLA and addresses health care and financial security topics. Vote for your favorite now -- http://www.stolendreams.com

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Ad Watch- Candidates on the attack

Politico's Alex Burns analyzes two new attack ads from Obama and McCain...

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Stocks Today- Financial Loophole

Barron's Markets Editor Bob O'Brien talks about the significance of Goldman's and Morgan's conversion from investment banks to traditional bank holding companies. (Sept. 22)

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Billion-Dollar Lessons

Paul Carroll, author of "Billion Dollar Lessons," looks at business failures of the past to glean lessons for investors and managers. He also talks about recent moves, such as Bank of America's purchase of Merrill Lynch. (Sept. 22)

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Media Web Minute- Yankees Capitalize on Nostalgia

Yankee Stadium is no more, and Jon Friedman asks, "Who cares?" The real story is that the Yankees are making a fortune on the new stadium. (Sept. 22)

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What The Bailout Means For You

Russ Koesterich of Barclays Global Investors says investors need to keep their eye on the terms of the government bailout for what it will mean for their portfolios. Stacey Delo reports. (Sept. 22)

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A Hospital's Mega-Facelift

WSJ's John Carreyrou provides a tour of Chicago's non-profit Northwestern Memorial Hospital, which underwent a renovation costing more than $1 billion.

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Amish Tap into Genetic Technology

Old Order Amish and Mennonites are embracing modern medicine to try to save their children who have a high rate of rare genetic diseases. WSJ's Geeta Anand reports.

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President Thabo Mbeki Out in South Africa

http://www.americanprogress.org/issues/security/regions Gayle Smith of the Center for American Progress weighs in on the news that South African President Thabo Mbeki will resign the President's office and step aside. That's good news for the many South Africans who've lived in poverty despite the end of apartheid.

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Perils in Pakistan - Hotel Bombing & US Aircraft Under Fire

http://www.americanprogress.org/issues/2008/08/terrorism_index.html The bombing of the Marriott Hotel in Pakistan is cause for grave concern according to Caroline Wadhams of the Center for American Progress. Pakistan's descent into violence is a real worry for US national security as elements of al Queda and the Taliban have grown in strength in the country.

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Yankee Stadium Closes Its Doors

The final game played at Yankee Stadium was an emotional moment for fans and players alike. Video courtesy of Fox News. (Sept. 22)

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Financial Sector Gets a Few Lifts

Barron's Mike Santoli talks about the revamping of the financial sector through the $700 billion dollar infusion of Federal money and the major change made by Morgan Stanley and Goldman Sachs. (Sept. 22)

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Rescuing the Economy - Neither Fair Nor Effective

http://www.americanprogress.org/issues/2008/09/fair_nor_effective.htmlEd Paisley of the Center for American Progress shares his thoughts on the unprecedented economic bailout being planned by the federal government.Unless U.S. Treasury Secretary Henry Paulson's first stab at a $700 billion rescue of the global financial system is revised to incorporate restructuring troubled mortgages, it will be neither fair nor effective. Paulson's draft legislation attempts to rescue the balance sheets of Wall Street but does almost nothing for homeowners on Main Street. That's a fundamental flaw. The U.S. housing market won't recover without restructuring of underlying mortgages that are troubled. Global credit markets will not respond to this exceedingly expensive plan unless we get our fundamentals right. Moreover, taxpayers will be saddled with increasingly worthless paper as many of the underlying mortgages fail. The Paulson plan demonstrates a disturbing disconnect between the �mortgage-related assets� that taxpayers' $700 billion is being used to purchase and the necessary restructuring of the troubled mortgages themselves. Many hard-working Americans are having trouble paying on their mortgages, which in turn is driving down the value of their neighbors' homes across the country. Tens of millions of families have seen their home values plunge through no fault of their own. Nearly 1 in 10 American households�roughly 5 million�have a mortgage that is either in default or facing foreclosure. These are the families still struggling to pay their mortgage even after the earliest subprime borrowers have already lost their homes. Without provisions expressly aimed at helping these borrowers restructure their mortgages with the assistance of the federal government or through judicial modification, this grand plan to buy "toxic" assets from the financial institutions that engineered this market meltdown will not help the U.S. housing market recover. The Bush administration, however

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Morgan Stanley, Goldman Sachs Holding On

WSJ's chief economics correspondent Jon Hilsenrath explains to Adam Najberg how Morgan Stanley and Goldman Sachs are transitioning from investment banking to become traditional holding companies. (Sept. 22)

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Moody's Lonski on the Bailout Plan

The government's economic bailout plan is a step in the right direction, but the Fed should focus more on lowering borrowing costs, Moody's Capital Markets Chief Economist John Lonski tells Kelsey Hubbard. (Sept. 22)

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Potential




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Heartburn




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America




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Unfit


Is Al Franken fit for office?

Franken writes about committing rape and pornography so vile, Democrats, denounced him. His profanity laced anger...followed by violent outbursts. Franken physically assaulted a protester. Then there's the $70,000 in unpaid taxes. Al Franken, degrading to women, ...to us all

Al Franken, frankly unfit for office

More at www.FranklyFranken.com.

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This Week in Washington- September 22, 2008

Brian Darling, a Capitol Hill insider for more than 10 years and director of U.S. Senate relations at The Heritage Foundation, previews some major weekly events in Washington this week.

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New Economic Stimulus May Be on the Way

Congress may raise the cost of a $700 billion market-rescue deal by adding a new economic stimulus plan to benefit taxpayers, according to Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. (Sept. 22)

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Recapping The Emmy Awards

See who all the big winners were from the 60th annual Primetime Emmy Awards. Video Courtesy of Fox News. (Sept. 22)

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After Ike, Galveston Residents Salvage Memories

A week after Hurricane Ike made landfall in Texas, residents like the Adams of Galveston return home to salvage what's left of their devastated homes. Video courtesy of Fox News. (Sept. 22)

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Slugging It Out To Be Slug Queen

Watch as one contestant vies to be crowned Eugene Oregon's very own "Slug Queen." (Sept. 22)

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N.y./region- L.I.R.R.- The Most Dangerous Job?

An epidemic of disability claims by veteran Long Island Rail Road retirees is unprecedented.

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Tumor Survivor Weds At Hospital

CBS News RAW: A woman who spent much of her life battling a brain tumor at Children's Memorial Hospital in Chicago, returned to the hospital for her wedding. She is in good health.

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David Blane's Newest Challenge

CBS News RAW: Illusionist and endurance artist David Blane plans to spend 60 hours hanging upside down in Central Park without a net. He faces serious health risks such as hemorrhaging and blindness.

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Haiti In Need After Storms

The UN's world food program has tripled the amount of food aid going into Haiti after storms created flooding and devastation there. But, as Kelly Cobiella reports, it's still not enough.

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Speedboat Crashes During Race

During weekend races on San Diego's Mission Bay, a speedboat crashed and disintegrated at speeds of up to 145 mph. Amazingly, the driver only suffered minor injuries.

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'ET' Wraps Up Emmy Night

Entertainment Tonight's Thea Andrews has the scoop on Emmy's backstage interviews and after-parties. She talks to Julie Chen.

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Chef Jose Garces' Latin Food

Chef Jose Garces' new cookbook, "Latin Evolution," shows you how to add new flavors to Latin favorites. Maggie Rodriguez helps him with guacamole and crab.

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Mystery & History Collide

American Lightning author Howard Blum talks to Harry Smith about creating fiction from the original "crime of the century," the bombing of the L.A. Times building in 1910.

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Preview- Biden Eyes Debate

Democratic vice presidential candidate Joe Biden speaks to Katie Couric about preparations for the upcoming debate.

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French lawmakers vote to stay in Afghanistan

French lawmakers in the National Assembly voted Monday in favour of keeping French troops in Afghanistan after 10 soldiers died in a Taliban ambush last month. Prime Minister Francois Fillon announced France will beef up its mission with helicopters, drones and other military means. Canada's Globe and Mail newspaper quoted a "secret" NATO report at the weekend saying Taliban fighters who ambushed the French soldiers on August 18 were better armed than their enemy. Fillon quipped there was no need for "lies and misinformation".

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Functional Foods Explained

Registered dietitian Keri Glassman explains to Maggie Rodriguez how to get unusual nutritional supplements like Omega-3s and plant sterols in common foods such as cereal and juice.

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Blink 182 Drummer To Recover

The fiery plane crash that killed 4 people but spared former Blink 182 drummer Travis Barker and DJ AM is under federal investigation, Meg Oliver reports.

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Hydroplane Survivor's Story

Mark Workentine, the pilot in a speed boat that disintegrated at 180 miles per hour during a test run, escaped unharmed as seen in this incredible video. He talks to Harry Smith about his experience.

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Calvin Klein on fashion and starting out as a designer

Calvin Klein evaluates the fashion industry and gives advice to young designers. Klein was in Paris for a lecture before students, many fashion students, at the American University of Paris, only days after his 40th anniversay in the fashion industry.

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Poll- Race A Factor For Obama

A new poll shows race will factor in for a number of voters this year. Ed Gordon, host of "Our World With Black Enterprise," explains to Maggie Rodriguez what the "Black Tax" will mean for Obama.

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'God's army' takes aim at Philippine Muslim rebels

After laying dormant for more than 30 years a radical Christian militia known locally as 'God's Army' has risen again to defend its communities against Muslim separatists who are once more spreading fear and terror in the southern Philippines.

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Notebook- Early Voting

While many of us have to wait until Nov. 4, states like Georgia, Virginia and Kentucky have the option to cast voting ballots as early as this week. Katie Couric has more.

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MoneyWatch

Stocks plummeted on Wall Street while investors waited for news about the Feds' proposed bailout plan. Alexis Christoforous reports on today's top business stories.

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College Student Murdered

During an off-campus dispute Becker College student, William Smith, 19, was stabbed to death. Smith is also the nephew of University of Minn. basketball coach Tubby Smith. WBZ's Paul Burton reports.

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High gold prices give small mine a big boost

In the midst of the worst financial crisis since the Great Depression, the price of gold made its largest one-day jump in history. One small mine in Colorado is taking advantage of historically high prices.

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Race Rundown- Forget about Nov. 4

One-third of voters could cast their ballots before election day. The AP's Julie Pace says early and absentee voting has its pluses and minuses for the campaigns. (Sept. 22)

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Clear up continues for battered Haiti

The four major storms that struck Haiti recently have left at least 326 people dead and 50 missing. A French team of firemen is now helping Haitians to clear debris and rebuild their lives.

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Bush's Billion-Dollar Bail Out

President Bush says that Wall Street's problems must be solved with taxpayer dollars. Kimberly Dozier reports on the latest initiatives proposed in order to ease the latest economic crisis.

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Benefits Of A Common Ingredient

Television ads tout the benefits of high fructose corn syrup, saying the sugar alternative is not as bad as consumers have been led to believe. Is that true? Kelly Wallace reports.

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Eye On Feds' Bailout

The Bush administration is asking Congress to speedily approve its $700 billion bailout plan. Although support is strong, some Dems want to help strapped homeowners too. Kimberley Dozier reports.

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World Watches U.S. Economy

Traders overseas are keeping a close eye on the progress of the U.S. government's financial bailout effort. Sheila MacVicar reports.

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Controversy In Santa Barbara

High gas prices have led to a national debate over the ban on offshore oil drilling. Even the coastal town of Santa Barbara, Calif., is seeing the rising tide of change. Bill Whitaker reports.

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Obama Focuses On Economy

Barack Obama is focusing on the economy on the campaign trail. Meanwhile, John McCain is trying to shift the focus back to his strongest ground: foreign policy. Chip Reid reports.

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Candidate Obama, Part 2

The presidential candidates talk about the defining experiences of their lives. Steve Kroft interviews Sen. Barack Obama.

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Candidate McCain, Part 2

The presidential candidates talk about the defining experiences of their lives. Scott Pelley interviews Sen. John McCain.

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Candidate Obama, Part 1

In separate interviews, the two parties' presidential nominees are questioned on the big issues, including the U.S. economy, the Iraq and Afghanistan wars, energy policy and health care. Steve Kroft interviews Sen. Barack Obama.

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Candidate McCain, Part 1

In separate interviews, the two parties' presidential nominees are questioned on the big issues, including the U.S. economy, the Iraq and Afghanistan wars, energy policy and health care. Scott Pelley interviews Sen. John McCain.

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Obama Answering The Critics

Speaking of executive experience, Sen. Barack Obama tells Steve Kroft he and his opponent, Sen. John McCain, are on "equal footing on that front."

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McCain- How I Differ From Bush

Sen. Obama has called Sen. McCain President Bush's third term, but McCain disagrees with that and points out a number of differences.

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Pakistan Truck Bomb Video

Authorities in Pakistan released dramatic video of the truck bombing that destroyed a Marriot Hotel in the capital, Islamabad. The attack killed at least 53 people. Elizabeth Palmer reports.

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Haiti In Need After Storms

The UN's world food program has tripled the amount of food aid going into Haiti after storms created flooding and devastation there. But, as Kelly Cobiella reports, it's still not enough.

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Bailout Plan Heads To Congress

Critics of the Wall Street bailout plan want penalties for banks and relief for homeowners, Michelle Gielan reports. Harry Smith talks to Sen. Christopher Dodd, Senate Banking Committee Chairman.

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Singer hits high notes on Spanish vineyard

Until the 1990's, Tarragona in Spanish Catalonia produced only mediocre wines but now it's competing with the likes of Rioja on the international stage. That's partly down to the commitment of the local winemakers - among them Spanish singer Joan Manuel Serrat.

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