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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Sep 26, 2008
Page
7
Forecast for Garden City and surrounding area. Tonight clear to partly cloudy with SSE winds 7 to 14 mph and humidity around 50 percent. Wednesday sunny with SE winds 7 to 14 mph and humidity near 40 percent. Mostly clear Wednesday night with SSE winds 7 to 14 mph. Includes soil temperature remarks from yesterday.
Republican John McCain had not committed to tonight's debate with Barack Obama pending progress on a Wall Street bailout plan.Sen. Lindsey Graham said a workable outline was needed, while Obama urged McCain to attend and address both the debate and the financial crisis. Both campaigns returned to Washington for a White House meeting with Bush and congressional leaders as negotiations continued.
Washington Mutual Inc. fails under mortgage market losses and is seized by the FDIC. JPMorgan Chase buys WaMu assets for 1.9 billion, plans a 8 billion stock sale, while regulators cap the FDIC fund impact. JPMorgan faces 31 billion loan write downs linked to WaMu assets.
Pakistan cautioned U.S. troops against entering its territory after a five minute border firefight near Afghanistan. The incident follows cross border operations by the U.S. and NATO and a train derailment caused by a bomb blast in Punjab that killed four and wounded 15. Police in Karachi raided a militant hideout triggering a self-destructing assault linked to an al Qaida network.
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