News The Morning News
posted by October 3 at 8:22 AMon
Biden Wins: Post-debate poll shows Biden won 51-36. Respondents also said that Biden was more qualified to be president (87 percent) than to Palin (46 percent).
Recession, Here We Come: Labor Department announces employers cut 159,000 jobs in September.
The reduction in payrolls was much sharper than the 100,000 cuts economists were forecasting. They expected the jobless rate to be unchanged.
It marked the ninth straight month that the economy has lost jobs. The drop underscores fallout from a long slump in the housing market and a dangerous credit crunch that intensified last month throwing Wall Street — and the economy — into chaos. So far this year, 760,000 jobs have disappeared.
“The economy is now sliding down the slippery slope of recession,” said economist Ken Mayland, president of ClearView Economics.
Motoring: McCain terminates Michigan campaign—stops running ads, pulls paid staff to Wisconsin, Florida and Ohio.
Swing Low, Sweet Stage Coach: Wells Fargo will buy Wachovia for $15.1 billion.
Good Call: Nokia releases the Tube, a touch-screen phone compatible with any network.
Bad Call: American-owned Skype allowed Chinese government access to text conversations.
“We may never know whether some of those people whose conversations were logged have gone to jail or have had their lives ruined in various ways as a result of this,” said Rebecca MacKinnon, an Internet expert at Hong Kong University.
Boo Hoo: WaMu will tell employees whether they keep jobs by December 1. Some will stay, some will work through a transition, and some will be laid off.
Chained Melody: Federal panel will decide if music downloads are under priced.
Putting Its Foot Down: State rules that pedicures by live carp are illegal, because you can’t sanitize a fish.
Putting Its Hand Out: California needs $7 billion federal loan after being locked out of credit market for 10 days. Needs funding for education, law enforcement, and health care.
Pulling Its Stake Up: Nickelsville moved to Discovery Park, perhaps thinking it was federal land, only to get a 72-hour eviction notice from the city to move its pink tent city.
State Supreme Court: Rules police may destroy property in a drug raid without liability for damage—even if they find no drugs.
Kingston Trio: Founder, Nick Reynolds, dead at 75.
Troubled Water: Washington and eight other states sue EPA over ruling that allows pollution.
In Case You Missed It: Last night’s VP debate.