News, Weather and more…

Posted: 17/09/2008 in weather
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Weather from WBZ TV…

Gore Getting Heat Over Houseboat
Global warming crusader Al Gore drew criticism over his energy-guzzling Tennessee home, and now he’s catching flak over his massive new houseboat.
Talk show host Steve Gill, whose show is carried on nearly a dozen stations around Tennessee, fired up listeners over the Gore family’s 100-foot houseboat that’s docked on Center Hill Lake in Smithville, Tenn.
“As he often does, Gill labeled Gore a hypocrite who preaches energy conservation to curb what Gill refers to as ‘so-called global warming,’ but who doesn’t practice it,” the Nashville Tennessean reported.

As markets reel, the blame game begins
Wall Street is now at the mercy of Washington. The collapse of Lehman Brothers and Merrill Lynch a week after the government takeover of Fannie Mae and Freddie Mac is evoking full-throated cries on the campaign trail for tighter regulation and oversight of the once-swaggering investment banking industry.

The Real Culprits In This Meltdown
Big Government: Barack Obama and Democrats blame the historic financial turmoil on the market. But if it’s dysfunctional, Democrats during the Clinton years are a prime reason for it.

AIG to get federal bailout
WASHINGTON — Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday and agreed to an $85 billion bailout that would give the government an ownership stake in troubled insurance giant American International Group.
The decision, only two weeks after the Treasury took over quasi-government mortgage finance companies Fannie Mae and Freddie Mac, is the most radical intervention in private business in the central bank’s history.

Is the U.S. going overboard on bailouts?
Industry and government officials say the handouts are cheaper in the long run than doing nothing. But critics say they encourage bad behavior by removing the consequences.

No-bailout stance sends vital message
Believe it or not, some good things started to happen when Treasury Secretary Henry Paulson just said no to Wall Street’s latest desperate request.
It didn’t feel that way yesterday. Stock markets around the world took their worst beating in years, and teetering Lehman Brothers Holdings Inc. was forced into a mad dash to US Bankruptcy Court after Paulson refused to bail out the giant brokerage with the government’s checkbook. Investors worried that the latest financial emergency would reverberate across the economy and contribute to a recession.

Is Europe Headed for a Recession?
At the beginning of the year, many observers believed that this time around the global economic cycle would be different. As evidence mounted that the U.S. economy was experiencing its worst housing-market and credit-market busts since World War II, many cherished hope that the fundamental strength of the European and Asian economies would prevent them from catching the proverbial cold when America sneezed.

Mainers may feel credit tightening, spend less
The latest turmoil on Wall Street could ripple into Maine in the form of tighter credit, lower consumer confidence and reduced spending.
Observers of Maine’s economy said Monday that it’s too soon to know the full impact of the bankruptcy of Lehman Brothers Holdings Inc. and the sale of Merrill Lynch & Co. But the latest shakeups in the already beleaguered financial market have some of them concerned about the effects of the news on investment and economic growth in the state.


Maine conference on health care and insurance costs…

Vegas comes to Western Maine…

Mark Farrah Assoc. sees declines…

POP Tech 2008 program to be held in Camden…

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