Some are skeptical of the Treasury plan, despite wide agreement on the need for a broad intervention.
News Analysis
A $700 Billion Rescue Plan for Wall St., but Will It Work?Proposed Bailout Could Set a RecordThe Bush administration is requesting virtually unfettered authority for the Treasury to buy mortgage-related assets. Burying Old Dogma: The Fed chairman and the Treasury secretary cast aside long-held views about government intervention. Lost and Saved: Why Merrill was rescued but Lehman was left on its own. Bubblenomics: It’s been a long period of excess, and the hangover could be long, David Leonhardt writes. Week in Review
Back in Baghdad, Jarred by the CalmA war reporter rediscovers a social fabric he thought was lost forever. Casey Templeton for The New York Times
Political Memo
Elbows in Check, Making a Pitch to WomenMichelle Obama, seen at a roundtable in Richmond, Va., faces the challenge of acting as a critic of the G.O.P. ticket while projecting an affable, ladylike persona.
A Disability Epidemic Among a Railroad’s RetireesAlmost every career employee of the Long Island Rail Road applies for and gets disability payments after retirement. Bombing at Hotel in Pakistan Kills at Least 53A huge truck bombing at Islamabad’s Marriott Hotel was one of the worst acts of terrorism in Pakistan’s history. Israeli Prime Minister to Resign Sunday EveningEhud Olmert’s resignation clears the way for his foreign minister to form a coalition to try to succeed him. In Sunday’s TimesMagazine: The College IssueHow Auburn University became a hotbed of philosophical talent. T Magazine: Fall TravelZurich for shopping, an intellectual’s dive bar in Chicago and more. |
Sports »N.F.L. Week 3The Giants are playing the Bengals. The Fifth Down blog has updates from around the N.F.L. Echoes in the BronxMemories of Yankee Stadium as the Yankees prepare for their final game there. BUSINESS »Your Money at Work, Fixing Others’ MistakesA new bailout could bloat taxpayers’ bill for the mess in finance and benefit the institutions that caused it, Gretchen Morgenson writes. International Real Estate
For Sale in . . . Hong KongA 1988 four-story town house in Stanley, a waterfront community, is on the market for $7 million.
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Wheelspin
In an Off-Road Rally, the Cars Really Did Fly ByRally racing has struggled for visibility in the United States, while elsewhere in the world it is a big-league motor sport. Submit photos and view and comment on other readers’ cars. Also, view and submit events to the Automotive Events Calendar.
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