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Tuesday, December 9, 2008

Daily Baggage

12.11.08 David Carr, the Carpetbagger, gives his own daily take on awards season news. ...

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The Neediest Cases | A Supporting Role

Charleston Draper, an aspiring actor, performs a monologue. Mr. Draper fell behind in rent during the writers' strike, but with the help of The New York Times Neediest Cases Fund, he didn't have to leave New York and give up on his dream.

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MSNBC Transition Edition

John Harwood and Tamryn Hall discuss the Blagojevich arrest, the auto bailout negotiations and the economy with New York Times reporters on MSNBC's Transition Edition.

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Corruption Charges in Illinois

John Fund reports on the scandals rocking Chicago politics. (Dec. 9)

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Surprise in Chicago as Blagojevich Arrested

WSJ's Joe Barrett talks with Lauren Etter about the arrest of Illinois Governor Rod Blagojevich on charges that he attempted to sell or trade the Senate seat President-elect Barack Obama will vacate next month. (Dec. 9)

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Super-Simple Sorbet

Mark Bittman makes a quick and easy frozen fruit sorbet.

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The Italian Cheese Bailout

The famed Italian cheese, parmigiano, needs a bailout to stay afloat. WSJ's Davide Beretta reports. (Dec. 9)

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Three Real-Estate Stocks for Tough Times

In this market, property owners with clean balance sheets and solid dividends stand out. Some REITs to check out. (Dec. 9)

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Heard on the Street- Has Capex Chesapeaked?

Heard On The Street writer Liam Denning explains to Simon Constable of Dow Jones Newswires what reduced capital expenditure across many industries will mean for the economy now and in the future.

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On the Auto Bailout and 'Car Czar'

WSJ's John Stoll and Matthew Dolan discuss the latest on the auto bailout and the role of a "car czar" to oversee the Big Three. (Dec. 9)

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Looking For High Dividend Yields in Asia

Jesper Madsen, manager of Matthews Asia Pacific Equity Income Fund, discusses why investing in dividend-paying stocks in Asia is a good strategy and which countries in the region offer the highest dividend yields. Polya Lesova reports. (Dec. 9)

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The Stock Market's Crash

As WSJ's David Gaffen recounts, it was such an ugly year on Wall Street that trading on the stock market may never be the same again. (Dec. 9)

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Hotel Industry Braces for Slowdown

Hotels across the country are grappling with a deep recession, posting the first year-over-year decline in room rates in five years in October and facing a tougher climate in 2009. Stacey Delo reports on where deals can be found.

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Fitzgerald Details Charges Against Blagojevich

At a news conference, U.S. Attorney Patrick Fitzgerald provides details about the accusations against Illinois Gov. Rod Blagojevich. Blagojevich is charged with trying to sell or trade the Senate seat left vacant by President-elect Barack Obama. Video courtesy of Reuters.

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Excerpt- Blagojevich's 'Crime Spree'

U.S. Attorney Patrick Fitzgerald holds a news conference and says Illinois Gov. Rod Blagojevich has taken government to "a new low." Blagojevich was accused of trying to sell Obama's vacant Senate seat. Video courtesy of Fox News.

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Obama on Blagojevich & Gore meeting

Obama responds to Blagojevich scandal and talks about his meeitng with Gore...

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Leno 1, NBC 0

Jay Leno put a gun to his head and told NBC, "Give me a show or I'll fire." The network blinked first, says MarketWatch's Jon Friedman. (Dec. 9)

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The Birthplace Of Nokia

MarketWatch's Kim Hjelmgaard travels to the small Finnish town of Nokia to trace the history of the mobile phone giant. (Dec. 9)

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The Walking Zombies of Wall Street

WSJ's Dennis Berman tells colleague Evan Newmark that although tens of thousands of people have managed to hold on to their jobs, there isn't much work to go around. Instead, he says, Wall Streeters are working to appear busy.

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Ken Vogel on Blagojevich

How will the Blagojevich case effect President-elect Barack Obama's transition and start of administration?

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EQUAL PAY- Batgirl vs Chamber of Commerce

www.outofthewayoffairpay.org What would your family do with $434,000? Improving pay equity would create substantial economic gains for women and their families. A new report found that women lose approximately $434,000, on average, over a 40-year period because of the gender wage gap. The gender wage gap is the annual difference in median wages between men and women who are employed full-time and it widens over time. Other studies show that moms, especially single moms, fare even worse with the gender wage gap. The Lilly Ledbetter Fair Pay Restoration Act and the Paycheck Fairness Act are important steps to making sure that women are paid what they are worth by making it easier for women to recover lost wages due to bosses who discriminate and by requiring the federal government to be more proactive in preventing and battling wage discrimination. But the U.S. Chamber of Commerce is standing in the way of fair pay by opposing pay equity reform proposals in Congress that are needed to achieve pay equity. Tell the U.S. Chamber of Commerce what your family would do with $434,000 and more importantly, tell the Chamber to get out of the way of fair pay!

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Pundits React- Blagojevich Arrest

Pundits React

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Full Blagojevich news conference

Full Blagojevich news conference

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Illinois Gov. Blagojevich Arrested by Feds

The FBI takes Illinois Gov. Rod Blagojevich into custody, alleging he tried to sell or trade the Senate seat soon to be vacated by President-elect Barack Obama.

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Hot Stocks- Shippers face headwinds

Tough environment for shipping stocks like FedEx, Conway, DHL and UPS as economy weakens and demand falls for express deliveries.

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Blagojevich Presser Highlights

Blagojevich Presser Highlights

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Morning Roundup 12/09/08

Roundup

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Starting a Business In a Tough Economy

As the job market tightens, many laid-off workers might consider starting their own business. Kelsey Hubbard talks with Ami Kassar, chief innovation officer of Advanta and founder of Ideablob.com, a resource Web site for would-be entrepreneurs, about the first steps of starting a company.

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Kotecki- 12/09/08

Fran Drescher wants to be a Senator, Al Gore meets with Obama and Biden, and the Obama inauguration will attempt to strike the right balance.

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Kotecki- 12/09/08

Fran Drescher wants to be a Senator, Al Gore meets with Obama and Biden, and the Obama inauguration will attempt to strike the right balance.

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Kotecki- 12/09/08

Fran Drescher wants to be a Senator, Al Gore meets with Obama and Biden, and the Obama inauguration will attempt to strike the right balance.

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Examining Ways to End the Financial Crisis

Office of Thrift Supervision Director John Reich discusses his thoughts on the best way to use government funds to end the financial crisis. He says government money may be better spent creating jobs than modifying mortgages. (Dec. 9)

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Greece in Flames as Riots Continue

For the third day, thousands flood the streets of Athens, protesting the killing of a 15-year-old boy who was shot dead by police Dec. 6. Video courtesy of Reuters.

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Military Fighter Jet Crashes, Kills Three

A military F-18 fighter jet crashes in a California neighborhood, killing three people and destroying two homes. Video courtesy of Reuters.

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Dealmakers Turn Bearish

Mark Jones, board member of the Association for Corporate Growth, tells David Weidner that only 14% of dealmakers now rate the current environment as excellent compared to 93% in the summer of 2007. (Dec. 9)

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This Week in Washington- December 8, 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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Playback 12/09/08

Playback

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Blagojevich In Hot Water

Ill. Governor Blagojevich's wiretapped phone conversations have led to allegations of corruption, including that he intended to "auction off" Obama's former seat in the Senate. Dean Reynolds reports.

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Simulating Bombs To Learn

Only On The Web: ATF students learn how to investigate bomb explosions by seeing them firsthand. In training, actual bombs are detonated in vehicles and homes to simulate real scenes.

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Recession Red Flags?

New data from the Census Bureau shows there may have been an early warning about the nation's economic downturn. As Kelly Wallace reports, smaller cities may have been waving a red flag.

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Mean Green Machines

For one man, turning your car or truck into a faster, greener, and more fuel efficient machine isn't just a hobby; it's a way of life and it's gaining celebrity appeal. Hari Sreenivasan reports.

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Rampant Corruption In Illinois

In the 1920s and 30s, Al Capone used to have police officers and government officials on his payroll. And three former Illinois governors have been sentenced to jail. Jeff Greenfield reports.

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Juveniles Detonating Bombs

The ATF has released its latest bomb data showing that there were at least 2,700 reported explosive incidents in the U.S. last year. As Armen Keteyian reports, juveniles are playing a big role.

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Auto Bailout Deal In The Works

Capitol Hill is still negotiating a plan to save the Big Three. GM has said if it doesn't get all the money it needs, the company will go under. Sharyl Attkisson reports.

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Do Vitamins Really Work?

A major study has been released showing that Vitamin E and selenium don't prevent prostate cancer, so do vitamins and supplements do us any good? Dr. Jon LaPook reports.

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Greek government under pressure amid clashes

Greek police and protesters continue to clash as the opposition party calls on the government to resign over nationwide riots sparked by the police killing of a 15-year-old boy.

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Ghana battles deforestation

A key strategy in the campaign to halt global warming is to keep the earth's forests intact. But preserving the trees and the wildlife living among them is a challenge in poor countries where timber fetches a dear price. A program in Ghana may provide a blueprint.

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Greek police break up street violence

Greek Prime Minister Costas Caramanlis vowed in a nationally broadcast statement Monday to end "dangerous" riots which have hit the country saying they had been inspired by extremists. Meanwhile, Greek police and rioters clash for a fourth day.

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Jennifer Connolly Goes Sci-Fi

Harry Smith spoke with Oscar award-winning actress Jennifer Connolly about her new science fiction film, "The Day The Earth Stood Still."

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Heart Recipient's Longevity

Sick Girl author Amy Silverstein talks to Julie Chen about living well 20 years following heart failure and a transplant.

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Nude Cheerleader Pics Scandal

A Seattle, Wash., area school is sued over the disciplinary action taken against two cheerleaders who were involved in texting nude photos, reports Maggie Rodriguez.

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Fighting for human rights in Belarus

Being a musician or an artist in Belarus isn�t easy. If the State sees you as a threat, you can find yourself banned from radio and stage. While this means many prefer to exist in an underground culture, other opponents of the regime risk much more.

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Art Basel Miami

Art Basel, the largest art fair in the Americas, closed its doors on Sunday. In the face of dire economic times, sales beat expectations for many galleries. The pace was slower than last year's frenzy, but the collectors are still out there and the first week of December in Miami was their playground.

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Peter The Great Visits Venezuela

Russia's "Peter the Great," the world's largest battlecruiser, made a stop in Venezuela where Russian President Dmitry Medvedev met with President Hugo Chavez. David Grout reports.

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Eye To Eye- Coffee Talk

Katie Couric speaks with Starbucks CEO Howard Schultz about the failing economy's effect on his company after seeing sales drop 9% since the end of September.

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Pelosi- Bailout Not Limitless

Speaker Nancy Pelosi (D-CA) and House Financial Services Committee Chairman Barney Frank (D-MA)said they are in conversations with the White House on moving the auto industry bailout forward.

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Trouble Brewing At Starbucks

Once considered recession proof, Starbucks sales have dropped 9 percent since the end of September, the company's worst decline in 37 years. Katie Couric sat down with Starbucks CEO, Howard Schultz.

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Car Czar To Oversee Bailout?

Congress is working overtime on a plan that will help the Big Three before the new year. A possible "car czar" may be appointed to ensure that tax dollars are well spent. Sharyl Attkisson reports.

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F-18 Crash In San Diego

A fighter jet on a training mission crashed in a residential area of San Diego. The pilot ejected safely, but there have been fatalities. Sandra Hughes reports.

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Blackwater Indictment Details

Five Blackwater security guards are charged with killing at least 15 Iraqis with a barrage of bullets and grenades. The guards claim they were under attack. Elizabeth Palmer reports.

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Bankruptcy For Tribune Co.

The Tribune Company, which owns The Chicago Tribune, is $13 billion in debt and has filed for bankruptcy protection. Ben Tracy has more.

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Main Street Fights Back

A factory in Chicago laid off 300 workers with just three days notice after Bank of America cut off the business' line of credit. Now workers want their bailout. Dean Reynolds reports.

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Video Games Not Just For Kids

According to a recent survey, more than half of U.S. adults play video games, although they're not very forthcoming about it. Daniel Sieberg opens the door on closet gamers.

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Auto Makers To Get Deal

A bridge loan with conditions is expected to help auto makers get through the holidays until a more substantial plan can be created, reports Sharyl Attkisson.

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Frozen Pipes Flood Homes

Every winter water pipes freeze and burst and can be catastrophic for homeowners. As Susan Koeppen reports, a burst the size of a dime can flood an entire home in just 24 hours.

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GM Welcomes Gov't Regulation

Robert Lutz from GM tells Harry Smith that the government will have to fix the economy before the auto industry can recover, and Ron Gettelfinger from UAW talks about concessions.

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Plane Crashes Into Calif. Home

An F-18 plane returning from a training mission crashed into a home in a San Diego, Calif. neighborhood. Three of the residents of the home were killed and one is missing. Sandra Hughes reports.

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Paul Bocuse launches research centre

Star French chef, Paul Bocuse, inaugurated on Monday in Ecully, near Lyon in France, the research arm of his cooking school, Institute Paul Bocuse, creating what he says is �a unique centre in Europe,? which aims to improve food.

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Living like a millionaire in Turkey

Fancy a new yacht, flash car or the latest gadget? The millionaires' fair in Istanbul could be what you're looking for. One place where it seems the financial crisis isn't having too much of an impact.

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Lebanese Muslims mark the day of sacrifice

In Lebanon Muslims are marking Eid al-Adha, the day of sacrifice, with the slaughter of thousands of animals to be shared by all.

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Dog Risks Life In Rescue

A surveillance camera on a busy Santiago, Chile highway captured images of a dog trotting past speeding cars to pull the body of another dog, fatally struck by a vehicle, away from traffic.

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FBI Recounts Governor's Arrest

Robert D. Grant, the special agent in charge of the FBI's Chicago office and the man who called IL Governor Blagojevich at 6 am this morning to notify him of his imminent arrest, sets the scene for reporters.

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Internet companies tackling financial crisis

At the beginning of 2000, after the burst of the internet bubble, came the birth of the giants of today�s internet industry: players like Google and Facebook. Representatives of the internet are now meeting in Paris for 'Web 08', a conference which looks ahead to the future.

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Holidays Going To The Dogs

Dr. Debbye Turner Bell showed Julie Chen perfect holiday gift ideas for pets, from dog beds to diamond pet-themed jewelry.

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Amy Grant & Vince Gill Sing

Amy Grant sings "Baby, It's Christmas" from her latest Christmas album, "The Christmas Collection," with her husband Vince Gill.

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Getting Paid To Recycle

Recycling can keep taxes lower, so some U.S. towns are using incentives like coupons to get residents to recycle more, reports Daniel Sieberg.

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Corruption Crime Spree

Gov. Rod Blagojevich of Ill. was arrested on corruption charges -including trying to sell President-elect Barack Obama's Senate seat. Joel Brown reports.

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French giant truffle sells for 400 euro

A giant black truffle from Jarnac, France, has been found weighing more than one and a half kilograms. The mushroom delicacy sold at auction for 400 euros.

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Big Three Wait For Big Bailout

Detroit's biggest automakers are hoping for Congress to approve a highly anticipated bailout rescue package plan, as carmakers struggle to stay in business. Tara Mergener reports from Washington.

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French tenor, Roberto Alagna, gets his double

Opera singer, Roberto Alagna, assures his celebrity status with a statue at France�s famous wax museum, the Musee Grevin in Paris.

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Notebook- Gov. Rod Blagojevich

Katie Couric discusses Governor Rod Blagojevich (D-Ill.), who was recently arrested for attempted bribery and mail fraud concerning the replacement of President-elect Barack Obama in the U.S. Senate.

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