"We're in the midst of a serious financial crisis, and the federal government is responding with decisive actions," Bush said in a televised address Wednesday night from the White House.
Bush expressed that a $700 billion bailout proposal was needed to restore confidence in the market. He pointed out that the collapse of several major lenders was rooted in the subprime mortgage market that thrived over the past decade.
Bush is known as a strong believer in free enterprise. However he explained, "...my natural instinct is to oppose government intervention,". But "these are not normal circumstances. The market is not functioning properly. There has been a widespread loss of confidence." Bush warns, "Without immediate action by Congress, America can slip into a major panic. If Congress fails to approve the rescue plan, the nation could face a "long and painful recession," . Bush promises
"The plan is big enough to solve a serious problem," .
The proposal calls for the government to buy from firms up to $700 billion in troubled assets whose values declined as the housing market imploded. The goal is to stabilize the companies and prompt them to lend again.
Federal Reserve chief Ben Bernanke warned Wednesday that the Wall Street crisis is the worst the nation has faced since the end of World War II. Bernanke urged Congress to take action on a proposed bailout plan.
The senior administration official said the president has been contemplating a prime-time speech for several weeks but finally decided to deliver it tonight because he believes that the situation has reached crisis stage.
I feel this story is top news worthy because the economy crisis impacts the entire country, as well as the rest of the world. President Bush gives prominence to the story, as well as currency. The story also provides conflict in what the country should do about the current problem.
Saturday, September 27, 2008
Feature Lead Exercise
95 Birthday Candles Cause a Commotion
Soon to be, 95 year-old Mabel Mc Collough was celebrating her upcoming birthday with the First United Methodist Church women's group. There were 95 candles on her carrot flavored birthday cake, and when Mc Collough blew her candles out, a big cloud of smoke formed. The smoke set off a smoke alarm in the building and 24 firefighters arrived as a result.
Fire Chief Lonnie Lamb said, "In my 23 years on the job, I've seen a lot of thing set off a fire alarm, but I don't think I've ever heard of one going off because of a birthday cake." The firefighters could not stay for the rest of the party, however they did have their pictures taken with Mc Collough, whose birthday is on Sept. 27.
Soon to be, 95 year-old Mabel Mc Collough was celebrating her upcoming birthday with the First United Methodist Church women's group. There were 95 candles on her carrot flavored birthday cake, and when Mc Collough blew her candles out, a big cloud of smoke formed. The smoke set off a smoke alarm in the building and 24 firefighters arrived as a result.
Fire Chief Lonnie Lamb said, "In my 23 years on the job, I've seen a lot of thing set off a fire alarm, but I don't think I've ever heard of one going off because of a birthday cake." The firefighters could not stay for the rest of the party, however they did have their pictures taken with Mc Collough, whose birthday is on Sept. 27.
News story #4
A newly married woman was in the passenger seat of her husband's Nissan Altima, when a man tried to steal the car. The man was 21-year old, Alan Ticas-Soto. The bride was still in her wedding dress at the time of the attempted carjacking, while her husband was walking into a Taco Bell restaurant on East Fourth Avenue in San Mateo. The couple was headed to a nearby Embassy Suites.
The groom had left the engine running, while he headed toward the restaurant. Police said the groom hadn't even gotten inside the restaurant when Ticas-Soto ran through the parking lot and leaped in the idling car. However, police said he didn't get very far. First, he hard a hard time getting the car into reverse, and had to fiddle with the gear shift a bit before getting it into gear. The bride was screaming and trying to frantically unbuckle her seat belt to get away. The groom ran back and opened the passenger-side door, trying to help his wife out of the car. Finally, she tumbled out, landing on the parking lot. She was unhurt, though shaken.
The suspect put the car into a forward gear and promptly smashed into a Taco Bell sign, according to the police. Ticas-Soto leaped out of the car and began running southbound on South Delaware Street at Ninth Avenue. In the meantime, a witness called the police. Patrolling nearby, police officer Brendan Boyle, noticed the Ticas-Soto and called it in. Patrol cars converged on the scene, and caught the suspect, arresting him without incident.
Ticas-Soto is now facing felony carjacking charges and misdemeanor drug charges; apparently he was high on methamphetamines at the time of the carjacking and police say he told them that he'd been taking methamphetamines for three straight days. He is being held in San Mateo County Jail in lieu of $100,000 bail. Ticas-Soto does not have a criminal record. He pleaded not guilty in San Mateo Superior Court on Monday.
The groom had left the engine running, while he headed toward the restaurant. Police said the groom hadn't even gotten inside the restaurant when Ticas-Soto ran through the parking lot and leaped in the idling car. However, police said he didn't get very far. First, he hard a hard time getting the car into reverse, and had to fiddle with the gear shift a bit before getting it into gear. The bride was screaming and trying to frantically unbuckle her seat belt to get away. The groom ran back and opened the passenger-side door, trying to help his wife out of the car. Finally, she tumbled out, landing on the parking lot. She was unhurt, though shaken.
The suspect put the car into a forward gear and promptly smashed into a Taco Bell sign, according to the police. Ticas-Soto leaped out of the car and began running southbound on South Delaware Street at Ninth Avenue. In the meantime, a witness called the police. Patrolling nearby, police officer Brendan Boyle, noticed the Ticas-Soto and called it in. Patrol cars converged on the scene, and caught the suspect, arresting him without incident.
Ticas-Soto is now facing felony carjacking charges and misdemeanor drug charges; apparently he was high on methamphetamines at the time of the carjacking and police say he told them that he'd been taking methamphetamines for three straight days. He is being held in San Mateo County Jail in lieu of $100,000 bail. Ticas-Soto does not have a criminal record. He pleaded not guilty in San Mateo Superior Court on Monday.
News story #3
Over 100 people were forced to leave the South Market area yesterday after a high-pressure gas pipe ruptured at the Pacific Gas and Electric Company. According to an employee, a private construction crew was trying to repair sewer lines when they severed the pipe with a backhoe around 12:30 p.m.
The over 100 people forced to leave, including neighborhood residents, dozens of business owners, and their customers seemed angry. When reporters interview Carlann Lauria, manager of Crocker's Lockers, she said, "Ask my customers. They were pretty irate." Crocker's Lockers is a self-storage company on Folsom near 10th Street. The employees kept busy. They went outside the police perimeter to collect payment checks from their customers. Another business, the Wa-Ha-Ka restaurant lost about $500 worth of business when their employees and patrons were forced to leave.
PG&E was expecting to turn the gas back on at 5:09 p.m.
The over 100 people forced to leave, including neighborhood residents, dozens of business owners, and their customers seemed angry. When reporters interview Carlann Lauria, manager of Crocker's Lockers, she said, "Ask my customers. They were pretty irate." Crocker's Lockers is a self-storage company on Folsom near 10th Street. The employees kept busy. They went outside the police perimeter to collect payment checks from their customers. Another business, the Wa-Ha-Ka restaurant lost about $500 worth of business when their employees and patrons were forced to leave.
PG&E was expecting to turn the gas back on at 5:09 p.m.
AP Style Exercise (I-L)
1) There has not been let up all day so after class, I plan to soak in my jacuzzi and then lie down for a short nap. (3)
2) They called the late Sen. Fred Fried a left-winger because he voted against the Patriot Act. (3)
3) As they unfurled its white sails, the sailboat caught the breeze and began to slice steadily through the waves. Their dream cruise of the Pacific Islands had begun. (2)
4) After two days of hard rain and rising waters, the river flooded its banks, leaving the road partly impassible. (2)
2) They called the late Sen. Fred Fried a left-winger because he voted against the Patriot Act. (3)
3) As they unfurled its white sails, the sailboat caught the breeze and began to slice steadily through the waves. Their dream cruise of the Pacific Islands had begun. (2)
4) After two days of hard rain and rising waters, the river flooded its banks, leaving the road partly impassible. (2)
Saturday, September 20, 2008
AP Style Exercise #2 (E-H)
1. To insure the accuracy of this news story, Sarah Jones checked with her source. For Jones, this is an every day practice, not the exception.
2. As the two boys argued over who should get the last slice of pizza, both seemed equally hungry. Clearly, they had forgotten their earlier decision to forego having seconds.
3. He suspected his neighbor was selling drugs, so he called the FBI. His neighbor, however, cried foul at the accusation.
4. She grew up on the Great Plains, near Alliance, NE, where the winters are long, harsh, and the living is hand to mouth.
5. Her car was sideswiped by a hit- and- run driver on route 1-A this morning. She wasn't really injured, but the impact sent the contents of her purse helter- skelter.
2. As the two boys argued over who should get the last slice of pizza, both seemed equally hungry. Clearly, they had forgotten their earlier decision to forego having seconds.
3. He suspected his neighbor was selling drugs, so he called the FBI. His neighbor, however, cried foul at the accusation.
4. She grew up on the Great Plains, near Alliance, NE, where the winters are long, harsh, and the living is hand to mouth.
5. Her car was sideswiped by a hit- and- run driver on route 1-A this morning. She wasn't really injured, but the impact sent the contents of her purse helter- skelter.
Top News #3
Hurricane Ike Uncovers Mystery Ship
About 6 miles from Fort Morgan, Alabama, a mysterious shipwreck was discovered after the waves from Hurricane Ike receded. Archeologists say that the ragged boat could be a two-mastered Civil War schooner that ran aground in 1862 or another ship from 70 years later.
After further examination, Museum of Mobile marine archaeologist Shea McLean agreed that it is probably the Monticello, which ran aground in 1862 after sailing from Havana, Cuba, according to Navy Records. However, other clues indicate that it could be an schooner that ran aground on the Alabama coast in 1933.
The wrecked ship is 136.9 feet long and 25 feet wide. The Monticello was listed in shipping records as 136 feet long. However, He said the wreckage appears to have components, such as steel cables, that would point to the 1933 schooner rather than an 1860s schooner.
I feel that this story is top news worthy because of the stories bizarreness. This mystery could have a huge impact on the United State's history.
http://www.cnn.com/2008/US/09/19/ike.mystery.ship.ap/index.html
News Story #2
A tourist couple from Taipei were robbed at gunpoint yesterday morning in the Saint Mary’s Cathedral parking lot.
The victims, WeiMing Chen, 28, and his wife, Li Lu, 30, had left their tour group around 10 a.m. to take pictures in the cathedral’s lower parking lot.
A man approached them and waved a pistol around, He proceeded to steal about $100 which, Chen had offered, as well as a visa card, passports, camera and airline tickets before he took off running.
The police are now looking for the suspect who fled from the crime. Chen described him as wearing a black jacket and cap and appeared to be about 18 years old. Nobody know if the couple was able to make their 1p.m. flight back to Taipei Sgt. Lawrence Price of the San Francisco police department said.
The victims, WeiMing Chen, 28, and his wife, Li Lu, 30, had left their tour group around 10 a.m. to take pictures in the cathedral’s lower parking lot.
A man approached them and waved a pistol around, He proceeded to steal about $100 which, Chen had offered, as well as a visa card, passports, camera and airline tickets before he took off running.
The police are now looking for the suspect who fled from the crime. Chen described him as wearing a black jacket and cap and appeared to be about 18 years old. Nobody know if the couple was able to make their 1p.m. flight back to Taipei Sgt. Lawrence Price of the San Francisco police department said.
News Story #1
Yesterday, firefighters rescued Robert Kent, 50, of San Jose from his burning house. The fire reportedly broke out at 3 p.m., in Kent's single story home on Annapolis Way.
According to the San Jose fire Captain Rob Piper, the cause of the fire is under investigation. The fire started in the kitchen and spread to the attic. There was no smoke detector, and smoke engulfed the whole house.
Firefighters pulled Kent out of the kitchen. His body was surrounded by flames, unconscious, on the floor. Kent has second and third degree burns on 50 percent of his body. Kent is listed in grave condition at Valley Medical Center.
According to the San Jose fire Captain Rob Piper, the cause of the fire is under investigation. The fire started in the kitchen and spread to the attic. There was no smoke detector, and smoke engulfed the whole house.
Firefighters pulled Kent out of the kitchen. His body was surrounded by flames, unconscious, on the floor. Kent has second and third degree burns on 50 percent of his body. Kent is listed in grave condition at Valley Medical Center.
Saturday, September 13, 2008
Leads Exercise #5
Pipe fitter in Springfield suffered Third-degree burns Yesterday.
Duane La Chance, a 55 year-old Gross Engineers' employee was listed in serious condition Wednesday night after accidentally touching a power line with a piece of angle iron. La Chance was installing new pipes on the roof of a power plant.
Car accident on U.S. 63 in Springfield
Earlier today, James W. Cunning, 20, was driving south on U.S. 63, when Wayne Clay, 19, apparently crossed the center line and struck his vehicle. Cunning is in satisfactory condition at Springfield Hospital.
Duane La Chance, a 55 year-old Gross Engineers' employee was listed in serious condition Wednesday night after accidentally touching a power line with a piece of angle iron. La Chance was installing new pipes on the roof of a power plant.
Car accident on U.S. 63 in Springfield
Earlier today, James W. Cunning, 20, was driving south on U.S. 63, when Wayne Clay, 19, apparently crossed the center line and struck his vehicle. Cunning is in satisfactory condition at Springfield Hospital.
Leads Exercise #4
Passengers evacuated from Northwest Airlines jet.
Yesterday following a flight from Minneapolis, 40 passengers were evacuated from Northwest Airlines' flight 428 when a landing tower employee spotted smoke near the wheels. The cause of the smoke is unknown, however all passengers made it off safely.
Missing Boy Found
On Monday night a missing seven year old boy was found in Brick Township, New Jersey. The Boy had been missing for three years and was recognized by a neighbor. The neighbor was able to identify the child after his picture was shown after the movie Adam: The Song Continues. The neighbor than called the police.
The boy's mother, 27 year old, Ellen Lynn Conner was arrested by police. She faces charges of kidnapping and interference with a custody warrant.
Yesterday following a flight from Minneapolis, 40 passengers were evacuated from Northwest Airlines' flight 428 when a landing tower employee spotted smoke near the wheels. The cause of the smoke is unknown, however all passengers made it off safely.
Missing Boy Found
On Monday night a missing seven year old boy was found in Brick Township, New Jersey. The Boy had been missing for three years and was recognized by a neighbor. The neighbor was able to identify the child after his picture was shown after the movie Adam: The Song Continues. The neighbor than called the police.
The boy's mother, 27 year old, Ellen Lynn Conner was arrested by police. She faces charges of kidnapping and interference with a custody warrant.
Sunday, September 7, 2008
Top News #1
McCain vows to have Democrats in Cabinet
Senator John McCain promised to appoint democrats to his cabinet in an interview broadcast on Sunday with CBS' "Face the Nation." The Republican presidential nominee vowed to have multiple Democrat tokens in his Cabinet. McCain's promising a "very bipartisan approach" to how he'll run his administration.
Sunday was McCain's 65th appearance on "Face The Nation". McCain has appeared more than any other politician ever, according to Bob Schieffer, the program's host since 1991.
This story is newsworthy because the presidential election Impacts the entire nation. The story also has prominence with names such as Senator John McCain.
Leads Exercise #2
Yesterday, a US Airplane coming from Chicago, crashed directly into the ground, taking 131 passengers' lives. This was the worst air disater in the United States in three years, plummeted outside Pittsburgh.
Leads Exercise #1
Lead #1: Couple who suffered injuries in a traffic accident in March were awarded $150,000 in damages yesterday, at Butte County Court.
Lead #2: Snowstorm is just the beginning. Forecasters say the next of a series of snowstorms will hit the Sierras today.
Lead #3: Today a fire roared through a six-story building located at 204 Union Ave. Police say, while three firefighters were injured, 41 families were evacuated.
Lead #2: Snowstorm is just the beginning. Forecasters say the next of a series of snowstorms will hit the Sierras today.
Lead #3: Today a fire roared through a six-story building located at 204 Union Ave. Police say, while three firefighters were injured, 41 families were evacuated.
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