Former Fed chief says U.S. now in recession (Reuters)
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Reuters - Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing market faced more losses and the world’s biggest economy was now in recession.
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North Korea to resume atom closure (Reuters)
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Reuters - North Korea on Monday restored U.N. monitors’ access to its atom bomb complex and will resume disabling its nuclear reactor on Tuesday, the U.N. nuclear watchdog said, after a deal with Washington to save the process.
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Syria establishes diplomatic ties with Lebanon (AP)
“AP - Syria’s president issued a decree Tuesday establishing diplomatic relations with Lebanon, and a foreign ministry official said the country will have an embassy in Beirut by the end of the year.”
California battered by 3 wind-whipped wildfires (AP)
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AP - Powerful gusts stoked three major wildfires in Southern California early Tuesday that have charred nearly 12,000 acres, destroyed dozens of homes and forced thousands of people to evacuate neighborhoods in suburban Los Angeles and northern San Diego County.
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World stocks soar after US rally; Nikkei up 14 pct (AP)
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AP - World markets soared for a second day Tuesday, led by a record 14 percent jump in Tokyo, after Wall Street rallied from its worst week ever on optimism that government rescue efforts will heal the crippled global financial system.
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McCain, Obama Promoting Populist Appeals on Wall Street Rescue (Bloomberg)
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Bloomberg - Oct. 14 (Bloomberg) — Barack Obama and John McCain, both
laying claim to the populist ground, have different approaches
to implementing the financial markets rescue plan. The Democrat
is focused on recapitalizing banks while halting foreclosures
and creating new jobs, while the Republican wants to purchase
and refinance mortgages of troubled homeowners.
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Dawson’s FG gives Browns a 3-0 lead over Giants (AP)
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AP - Phil Dawson kicked a 28-yard field goal on Cleveland’s first possession as the Browns, playing on Monday night for the first time since 2003, took a 3-0 lead over the Super Bowl champion New York Giants.
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Gay couples rush to wed ahead of Calif. election (AP)
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AP - Gay couples from around California and the nation are feverishly tying the knot ahead of Election Day to avoid missing out if voters approve a ballot initiative aimed at banning same-sex marriage.
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Miss. FBI chief from civil rights era dies at 94 (AP)
“AP - Roy K. Moore, an FBI agent who oversaw investigations into some of the most notorious civil rights-era killings, including those depicted in the movie “Mississippi Burning,” has died. He was 94.”
NKorea defectors drop leaflets condemning leader (AP)
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AP - The North Korean trembled when he spotted the leaflet that had fluttered down from a balloon dispatched from the South. He snatched it, stuffed it into his pocket and ran to the bathroom to read it.
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