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Tuesday, September 30, 2008

Trump's New Tower Unveiled

Donald Trump and his daughter, Ivanka Trump, unveil North America's tallest residential building in Chicago, at a time when construction financing is freezing up. MarketWatch's Amy Hoak reports.

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Pelosi Blamed for Defeated Bailout Plan

Republicans blame House Speaker Nancy Pelosi for the defeated $700 billion economic rescue plan. They accused her of delivering a partisan speech just as they were attempting to round up votes in favor of the bailout. Video courtesy of Fox News. (Sept. 30)

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Palin- August 2006, Alaska Gubernatorial Debate

Watch Republican vice presidential nominee Sarah Palin participate in a Aug. 17, 2006, debate by Republican candidates vying for Alaska governor. Video from KTOO. (Oct. 1)

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Palin- November 2006, Alaska Gubernatorial Debate

Watch an excerpt of a Nov. 2, 2006, gubernatorial debate for Alaska. A successful campaign would thrust the then-Wasilla mayor Sarah Palin into the national political scene. Video from KTOO. (Oct. 1)

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Analyst Skeptical of Google Phone Impact

The market is over-estimating the impact the Google phone will have on the wireless industry, says Ed Snyder of Charter Equity Research. Dan Gallagher reports. (Sept. 30)

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Cindy McCain -HALO Trip



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What Will Congress Do Next?

Steve Moore on the next financial rescue package. (Sept. 30)

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Earnings Estimates Still Too Lofty

Barron's Online staff writer Johanna Bennett notes analysts have cut 2008 earnings estimates, but investors want them even lower. (Sept. 30)

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Villegas Beats Garcia for Tour Championship

On the final day of the Tour Championship at East Lake Golf Club in Atlanta, Ga, Columbian Camilo Villegas eked out a win against Sergio Garcia in a playoff. Video courtesy of PGA Tour. (Sept. 30)

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Google's Sergey Brin On Giving And His Phone

Sergey Brin of Google talks about charitable giving in light of a slowing economy and offers a closer look at his G1 Android phone.

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Upgrade your portfolio

Jeff Mortimer, chief investment officer for Schwab Funds, says it's a good time for investors to check their "wish list" of stocks and upgrade to high-quality companies whose shares have been oversold. Jonathan Burton reports. (Sept. 30)

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Time to Revisit Emerging Markets

Emerging markets are correlated to developed markets. But they're cheap and their bullish economic prospects haven't changed. (Sept. 29)

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Report- Home Prices Continue Downward Slide

WSJ's Kelsey Hubbard speaks to WSJ reporter Kelly Evans about what's behind a record 16% annual drop in home prices, according to the Case-Shiller report. (Sept. 30)

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Hot Stocks Report- Energy Shares rise

Energy stocks rebound Tuesday, recovering from a bruising drop on Monday, when the sector was caught in a downdraft that sank global stocks to multi-year lows. (Sept. 30)

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Something Good Is Brewing

Starbucks aims to get its buzz back -- and its stock up -- with new products and promotions.(Sept. 29)

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Cultivating the Perfect Farmer's Tan

Celebrating the end of summer, farmers at the Williamsburg Greenmarket farmers' market show off the fruits of their hard labor -- farmers' tans. WSJ's Lam Thuy Vo reports. (Oct. 1)

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Deconstruction Zone - Sept. 29

David Paul Kuhn, Alexander Burns, and Ken Vogel discuss the McCain campaigns handling of Sarah Palin and her lack of media exposure.

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The Economic Crisis - No Bailout - Now What?

http://www.americanprogress.org/issues/2008/09/conservatives_pain.html http://www.americanprogress.org/issues/2008/09/real_solutions.html Michael Ettlinger of the Center for American Progress offers his take on the latest news out of Washington and the financial markets after U.S. Treasury Secretary Henry Paulson and President George W. Bush yesterday failed to convince a majority of their own party in Congress that the consequences of failing to pass their $700 billion financial rescue package could be catastrophic for the U.S. economy. The American people over the next few days will catch a glimpse of the consequences in financial markets, at their hometown banks, and at their jobs, but should congressional inaction persist we may not experience the full brunt for a month or more. That's why these next few days will be so telling. If those who opposed the rescue package in Congress do not feel responsible for the leading edge of the problems they have allowed to grow?s prices fall, borrowing costs rise, and more and more small- to medium-sized companies and financial institutions are unable to access credit?hen they are unlikely to change their minds about the bailout plan. If their constituents do not get antsy as the problems of Wall Street start to spread to the companies they work for and to their own access to credit, and they do not demand action?o action may be forthcoming. Will the financial markets spook enough of the dissenters to change their vote on the bill, which fell only 12 votes shy of passage? That probably depends most immediately on how dramatic the reaction is in the commercial paper market, which was largely done with trading yesterday before the bailout bill went down to defeat. This vital credit marketplace?here companies tap short-term credit to smooth out their cash flow needs to make payroll and pay suppliers in a timely fashion?ould react sharply today. This morning's record high for the benchmark London Interbank Offer Rate?he ra

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Bush- Financial Security Is at Stake

President Bush argues the need for quick congressional action on a rescue plan. If action is not taken, he says, the "economic damage will be painful and lasting." Video courtesy of Fox News. (Sept. 30)

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Playback 9/30/08

Post-debate analysis

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Fashion- Shooting Beauty

IHT fashion editor Suzy Menkes speaks with fashion photographer Patrick Demarchelier.

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Remembering Paul Newman

Paul Newman never fit any mold; he was an actor, director, humanitarian, and race car enthusiast; just to name a few. But one title he will always hold is that of a legend. Bill Whitaker reports.

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Bailout Vote Collapses

Even with criticism from both parties, the $700 billion bailout bill was still expected to pass, but a lack of support evaporated any chances for success. Bob Orr reports.

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Americans React To House Vote

Americans are wondering about their own nest eggs after the House shot down the $700 billion bailout bill. Reactions to the vote varied, but concern over the economy was clear. Sandra Hughes reports.

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Shock On Wall Street

Shock and disbelief ran rampant on Wall Street as Congress failed to pass the bailout bill that was intended to salvage the increasing financial crisis. Anthony Mason reports.

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Why The House Didn't Bite

Rep. John Boehner, R-Ohio, tells Katie Couric that the bailout bill did not pass because the American people were against it.

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Dem Speaks On Bailout Bill

Katie Couric spoke with House Majority Leader Steny Hoyer about the reasons for the failure to pass the $700 billion economic bailout package.

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McCain, Palin On Flak

John McCain and Sarah Palin talk with Katie Couric about Palin's view on cross border attacks in Pakistan. Palin reacts to the criticism of some GOP members who want her to step down.

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Kidnappings fail to deter Egypt adventure tourists

Visitors are continuing to arrive in Egypt in spite of the recent kidnapping of a group of tourists in the lawless southwestern desert region.

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Sarah Palin's Parents, Pt. 2

Part 2: Chuck and Sally Heath talk to Harry Smith about their daughter, Gov. Sarah Palin.

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Driving On Prescription Drugs

Actress Heather Locklear may have been under the influence of prescription pills while driving erratically, a rising problem in the U.S. Julie Chen speaks to psychiatrist Dr. Charles Sophy.

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Advice From Financial Expert

After the House voted against the bailout bill, many concerned Americans phoned The Motley Fool's Tim Hanson for advice. Harry Smith talks with Hanson about what Americans should do.

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'Man-orexia' On The Rise

A growing number of young men are developing eating disorders. A Harvard study shows that men account for 25 percent of anorexics and bulimics. Julie Chen reports.

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China's Milk Scandal Grows

Chinese authorities have detained about two dozen suspects believed to have intentionally contaminated milk. And the number of products being pulled off shelves is growing. Barry Petersen reports.

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Effects Of The Market Meltdown

Economist Peter Morici explains to Maggie Rodriguez why the availability of credit is so important to our economy and what will happen to business who can't afford to bring goods to the market.

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Bush- Congress Must Act

CBS News RAW: President Bush emphasized the seriousness of the credit crisis and called upon Congress to act swiftly in approving legislation to help the struggling economy.

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Asia hopeful it can weather financial storm

Asian stock markets have plunged, suffering from the shock effect of the failure to pass a financial bail-out plan in the US Congress. But in these uncertain times, some investors are seeing long-term opportunities and believe Asia will be able to weather the financial storm.

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Philippine Muslims search for a homeland

Philippine Muslims, still searching for a home in their own country, have drifted to the capital Manila to escape a deadly 40-year insurgency on the southern island of Mindanao.

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Economic Bailout & Politics

Experts believe Sens. John McCain & Barack Obama each had something to lose when Congress failed to pass an economic rescue bill, reports Jeff Glor.

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Market Meltdown

Wall Street suffered its largest one-day drop following Congress' failure to pass a rescue bill, reports Anthony Mason. Harry Smith talks to members of Congress and the public about their reactions.

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Investors say Asia able to weather financial storm

Hong Kong share prices closed 0.8 percent higher on Tuesday after a rollercoaster day that saw the bourse fall more than six percent at one point, on worries over a US bailout plan.

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Gold And Silver Lining

Although the Dow continues to plunge, precious metal commodities have enjoyed a recent surge. KCBS' Serene Branson takes a look at what's behind it.

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MoneyWatch

Investors on Wall Street started selling off even before the House defeated the bailout bill. Alexis Cristoforous explains why.

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Evening News Online, 09.29.08

Monday: A shocking defeat for the bailout plan that sends stocks tumbling. Sarah Palin and John McCain defend her credentials to be vice president. And the legacy of Paul Newman.

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Change Of Command In Iraq

Gen. Ray Odierno sits down with Lesley Stahl for his first interview since taking command of U.S. forces in Iraq and also takes her and 60 Minutes cameras on his first battlefield tour in his new role.

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AP Race Rundown

What happened on Capitol Hill after the House fails to pass a financial market rescue amounts to a failure of leadership, says the AP's Ron Fournier. And it exposes another reality: the American people do not trust their leaders. (Sept. 30)

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Palin On Biden Age Comment

Exclusive: Sarah Palin explains a facetious comment she made about Joe Biden's years in the Senate. Watch Katie Couric's interview with Sarah Palin tonight on the CBS Evening News.

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Europe scrambles to save banks

European leaders are preparing new measures to contain the US-born financial crisis now blasting Europe, although a vast US-style rescue plan has been ruled out. With the financial storm now also whipping across Europe, pressure is mounting on European governments to draft a US-style bailout plan for the sector, despite assurances that such drastic action is unneeded.

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Jennifer Hudson's New Album

Jennifer Hudson, an "American Idol" reject, has famously risen to stardom by winning an Oscar for "Dreamgirls." Now she's released her debut album, "Jennifer Hudson."

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World Markets Pressure U.S.

European and Asian markets are struggling for stability while pressuring Congress to put statesmanship over politics, reports Sheila MacVicar.

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Americans React To Congress

As in Congress, real people have different ideas on what's best for stabilizing the economy. Harry Smith talks to people at the Tick Tock Diner in Clifton, N.J.

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MoneyWatch

One day after the Dow saw its biggest point drop in history, the market rebounded as investors targeted cheap stocks that were sold earlier in the week. Alexis Christoforous has more on the comeback.

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NASA turns 50

Half a century after NASA was created at the height of the Cold War when the United States sought to prove its superiority by winning the race to the Moon, the space agency faces new challenges ahead.

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Independence Day?

Abkhazia celebrated 15 years of self-proclaimed independence from Georgia with a military parade as spectators cheered and held Abkhazian flags.

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Notebook- Congress Breaks

Congress has taken a break for the Jewish New Year and that is probably a good thing, says Katie Couric. During the recess, behind-the-scenes negotiations can take place on the bailout bill.

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Zimbabweans Overwhelm Banks

Thousands of Zimbabweans lined up outside banks after President Mugabe raised the withdrawal limit. People rushed to get cash before climbing inflation rates eat away more of the currency's value.

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Baron Cohen's 'Bruno' Modeling

Funnyman Sacha Baron Cohen of "Borat" fame recently displayed his alternate character, "Bruno," as an unexpected gag on a runway in Milan during a recent fashion show. Baron Cohen was later arrested.

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The Bear Needs A Checkup

Caught On Tape: Patients and staff at a Lake Tahoe hospital got a surprise visitor when a black bear walked through the front door to pay them a visit. KOVR's Andrew Luria has more.

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Newborn Rescued From Dumpster

A janitor at a hospital in Kendall, Fla. found a newborn baby only an hour old in a dumpster as he was throwing away trash. WFOR's Marybel Rodriguez reports.

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