Archive - Sep 26, 2008

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The first presidential debate should take place as planned in Mississippi this evening. John McCain suggested pulling out of the debates to work on the financial crisis that's gripping the nation – but Barack Obama insisted the show must go on, and McCain is now on his way to Mississippi. One person who certainly won't be participating in the debate is independent candidate Ralph Nader. I caught up with Nader as he makes his way to California to campaign in the state. He explains how third parties are consistently locked out of the debates.

• Bailout Negotiations Continue Main Street Weighs In
• JP Morgan Buys out Washington Mutual as Result of Largest US Bank Failure in History
• Nader Explains How Debate Commission Locks Out Third Party Candidates
• Attack on Christians by Hindu Right Wing Groups in India
• Reporter's Notebook: A Correspondent in the Khyber Agency

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• CO2 Emisions Surpass Worst Case Scenario Predictions
• European MEPs Pass Legislation for Stricter Emissions Standards on Vehicles
• GAO Report Urges Stricter Oversight of Factory Farms
• Paraguayan Campesinos Enter 43rd Day of Hunger Strike in Argentina
• DVD Inserted into Swing State Papers Criticized as Anti-Muslim Hate Speech

Click here for newscast for Friday, September 26th, 2008 - Donate

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Congress and the Administration continue to negotiate a $700 billion Wall Street bail out. Talks broke down last night: Democrats blame the arrival of Republican Presidential Candidate John McCain for inserting Presidential politics in the discussions. House rank and file Republicans, with the blessing of their leadership, said they would not support the Administration's plan, or the Democrats counter proposal. Many House Republicans, ideologically opposed to government intervention, came up with their own proposal that would set up an insurance plan for people unable to pay their mortgage – the Administration quickly rejected that idea, but the Republicans gained a seat at the bargaining table.

Another financial firm has gone under, but this time it's not an investment bank, it's a savings and loan: Washington Mutual – representing the largest failure of a US bank ever. JP Morgan has stepped in to buy the firm which has 2,300 branches across the country. FSRN's Karen Miller takes a look at the impact of mass consolidation of financial firms on Wall Street.

Click here for newscast for Friday, September 26th, 2008 - Donate

The first presidential debate should take place as planned in Mississippi this evening. John McCain suggested pulling out of the debates to work on the financial crisis that's gripping the nation – but Barack Obama insisted the show must go on, and McCain is now on his way to Mississippi. One person who certainly won't be participating in the debate is independent candidate Ralph Nader. I caught up with Nader as he makes his way to California to campaign in the state. He explains how third parties are consistently locked out of the debates.

Click here for newscast for Friday, September 26th, 2008 - Donate