Campaigns Pivot to Midwest States McCain Obama
McCain focused on taxes and women's issues at a Hudson Wisconsin event with female business leaders and a wide audience. Obama campaigned in Dayton Ohio on energy and security, opposing McCain's tax holidays and offshore drilling while pushing a 150 billion energy research plan.
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Los Angeles Times
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Barack Obama
John McCain
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Planes nearly collide at JFK prompt new runway procedures
Two aircraft nearly collided at John F. Kennedy International Airport when a Delta Flight 123 tried to go around during landing as a Comair Flight 1520 was taking off on a perpendicular runway. The FAA ordered revised sequencing to ensure paths are clear before a second approach lands.
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Washington
John F. Kennedy International
Federal Aviation Administration
FAA
Jfk
Laura Brown
Delta Flight 123
Delta
Brown
Associated Press
Cayman Airways
LAN Chile
Senate approves mortgage rescue plan amid housing turmoil
The Senate passed a $3.9 billion housing rescue bill by a 63 to 5 vote to aid distressed homeowners. The plan would let the FHA insure up to $300 billion in new mortgages, aiding about 400,000 homeowners, while imposing new reforms on Fannie Mae and Freddie Mac and offering $14.5 billion in housing breaks. The House and White House face negotiations with a veto threat if key details remain unchanged.
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D-Conn
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Bush
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IndyMac seized by regulators amid liquidity crisis
Federal regulators seized IndyMac Bank after a liquidity crunch driven by tight credit, falling home prices, and rising foreclosures. The Office of Thrift Supervision transferred operations to the FDIC, limiting customer withdrawals and delaying full services until Monday. Regulators estimate FDIC costs at 4 to 8 billion dollars, marking IndyMac as the second largest U S bank failure and the biggest thrift collapse.
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Russia and China veto sanctions on Zimbabwe regime
At the United Nations, Russia and China blocked a U S backed bid for sanctions on Zimbabwean leaders over violent acts tied to the March presidential vote and June runoff. Nine of fifteen Security Council members supported the measure. The U S Britain and France urged penalties, while Mugabe's government denied responsibility.
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United Nations
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China
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