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. A Professor and a Banker Bury Old Dogma on MarketsThe Fed chairman and the Treasury secretary have cast aside long-held views about regulation and 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. Nicole Bengiveno/The New York Times
Disability Epidemic Among L.I.R.R’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. Political Memo
With Elbows in Check, Making a Pitch to WomenMichelle Obama is trying to act as a critic of the G.O.P. ticket while projecting an affable, ladylike persona. 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. Travel Fall 2008In the fall issue, a festival of escapes: Zurich for shopping; an intellectual’s dive bar in Chicago; and an original new hotel in Matera, Italy (it’s in a cave). Echoes in the BronxMemories of Yankee Stadium from Billy Crystal, Paul Simon, Penny Marshall and others. |
In Sunday’s TimesMagazine: The College IssueHow Auburn University became a hotbed of philosophical talent. Sunday StylesIt’s bottoms up amid the crash on Wall Street. 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. Find Properties
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. Search for new cars
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How to Protect Your Job in a Stormy IndustryGather as much information as you can about your company and your industry; that will calm you and give you a sense of control amid uncertainty. ADVERTISEMENT
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