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Wall Street soars as government pledges bank aid (AP)

A trader talks on the phone on the floor of the Philippine Stock Exchange, where shares ended one percent higher in today's trading, in Makati City, Metro Manila October 13, 2008. (Cheryl Ravelo/Reuters)AP - Wall Street is snapping back from last week's devastating losses on growing hopes the stock market will finally find some footing. Investors are cautiously optimistic after the Bush administration and European governments pledged coordinated actions to help the crippled financial system. The Treasury has said it plans to buy U.S. bank stocks.


US moves to get $700B bank rescue effort started (AP)

U.S. Treasury Secretary Henry Paulson speaks at a news conference after the G7 Ministerial meeting in Washington October 10, 2008. The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. (Yuri Gripas/Reuters)AP - The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in banks to help thaw frozen lending and get the economy moving again.


Columnist Paul Krugman wins Nobel economics prize (AP)

In a March 6, 2005, file photo provided by 'Meet the Press', Paul Krugman of Princeton Univsersity and The New York Times, speaks during the taping of 'Meet the Press.' The Royal Swedish Academy of Sciences said Monday, Oct. 13, 2008,  that Krugman has won the Nobel economics prize 'for his analysis of trade patterns and location of economic activity.'    (AP Photo/Meet The Press, Alex Wong/file)AP - Paul Krugman, the Princeton University scholar and New York Times columnist, won the Nobel prize in economics Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.


Sen. Clinton praises Obama's stance on economy (AP)

Sen. Hillary Rodham Clinton, D-N.Y. stands with her husband, former President Bill Clinton, during a campaign rally in Scranton, Pa., Sunday, Oct. 12, 2008. (AP Photo/Jimmy May)AP - Sen. Hillary Rodham Clinton is praising former rival Barack Obama, saying the Democratic presidential nominee is closing in on winning on Election Day.


Pediatricians double vitamin D recommendations (AP)

Today, the Milk Processor Education Program (MilkPEP) launches a new consumer education campaign with the help of money expert Suze Orman to remind Americans that milk is a nutritional bargain when compared to other beverages. At about 25 cents per 8 ounce glass, on a gallon basis, milk offers more nutrients per penny than almost any other beverage option in the supermarket -- providing key vitamins and minerals like calcium and vitamin D that are important for the entire family. Visit whymilk.com for more info.  (PRNewsFoto/MilkPEP)AP - The nation's leading pediatricians group says children from newborns to teens should get double the usually recommended amount of vitamin D because of evidence that it may help prevent serious diseases.


EU tells music lovers to turn down MP3 players (AP)
AP - The European Union told music lovers Monday to turn down the volume of MP3 players, saying they risk permanent hearing loss from listening too long at maximum levels.
AP IMPACT: Iraq calmer but kidnappings spread (AP)

In this photo provided by Megan von Ackermann, Kirk von Ackermann, a Department of Defense contractor is seen in this family photo, date unknown.  Five years ago, the retired Air Force intelligence officer became the first of 39 Americans to be kidnapped in Iraq. He's still missing and his wife fearing she'll never see him again.    (AP Photo)AP - Five years ago, retired Air Force intelligence officer Kirk von Ackermann became the first of 39 Americans to be kidnapped in Iraq. He's still missing, his wife fearing she'll never see him again.


Jonas Brothers to play Cowboys' Thanksgiving game (AP)

From Left, Musicians Nick Jonas, Kevin Jonas, Joe Jonas and Dallas Cowboys' owner Jerry Jones stand along the sidelines Sunday, Oct. 12, 2008 in Glendale, Ariz. prior to the Arizona Cardinals/Dallas Cowboys football game. (AP Photo/Paul Connors)AP - The Jonas Brothers will perform during halftime of the Dallas Cowboys' nationally televised Thanksgiving Day game against the Seattle Seahawks.


`Chihuahua' fetches $17.5M to win another weekend (AP)

Cast member Jamie Lee Curtis (R), holding Chihuahuas Angel, and comedian George Lopez holding Rusco, pose at the world premiere of 'Beverly Hills Chihuahua' at El Capitan theatre in Hollywood, California September 18, 2008. (Mario Anzuoni/Reuters)AP - An adorable talking dog remained just the sort of escapist movie hero audiences wanted after a week of awful economic news. Disney's family comedy "Beverly Hills Chihuahua," with Drew Barrymore providing the voice of the pooch, was the No. 1 flick for the second-straight weekend with $17.5 million, raising its 10-day total to $52.5 million, according to studio estimates Sunday.


AL series shifts to Boston today, tied 1-1 (AP)

Boston Red Sox starting pitcher Jon Lester works out during the team practice in preparation for Game 3 of the American League baseball championship series against the Tampa Bay Rays in Boston, Sunday, Oct. 12, 2008. Lester is scheduled to start when Boston plays Tampa Bay on Monday, Oct. 13. (AP Photo/Charles Krupa)AP - The American League Championship Series resumes this afternoon in Boston. Jon Lester toes the rubber for the Red Sox against Tampa Bay's Matt Garza. In the National League, game 4 of the series is tonight in Los Angeles, with the Phillies leading 2 games to 1. The Phillies plan to send Joe Blanton to the hill against the Dodgers' Derek Lowe.


Governments bail out banks, UK wants new Bretton Woods (Reuters)

General view of the leaders of the euro zone countries attending a meeting at the Elysee Palace in Paris October 12, 2008. France's President Nicolas Sarkozy and leaders of euro zone countries hold an emergency meeting in Paris to agree on specific, pan-European measures to prop up the battered financial sector and halt market panic. (Charles Platiau/Reuters)Reuters - Governments across the world launched multi-billion dollar bailouts on Monday to shore up tottering global banks and Britain called for a new Bretton Woods agreement to reshape the world financial system.


Obama has four-point lead on McCain (Reuters)

Democratic presidential nominee Senator Barack Obama speaks at a campaign rally in Philadelphia, October 11, 2008. (Jim Young/Reuters)Reuters - Democrat Barack Obama has a 4-point lead over his Republican rival John McCain in the U.S. presidential race, according to a Reuters/C-SPAN/Zogby tracking poll released on Monday.


Santander eyes Sovereign in hunt for bargains (Reuters)

People walk past a Santander bank branch in Madrid July 14, 2008. (Andrea Comas/Reuters)Reuters - Spain's Santander said it was in talks to acquire Sovereign Bancorp Inc on Monday, as the euro zone's largest bank hunted for bargains in a sector that has been hit by the global financial crisis.


North Korea restores U.N. monitoring of atom site-diplomats (Reuters)

A satellite image taken September 11, 2005, of the five-megawatt reactor site at Yongbyon nuclear facility in North Korea. REUTERS/DigitalGlobe-ISIS/FilesReuters - North Korea on Monday restored access for U.N. monitors to its atom bomb complex following a deal with Washington to salvage a denuclearization process endangered by disputes over verification, diplomats said.


UK bank bail-out to take big stakes in top banks (Reuters)

HBOS, Lloyds and the Royal Bank of Scotland signs are seen in this combination photo. (David Moir/Rob Bodman/David Moir/Reuters)Reuters - Britain waded in with 37 billion pounds ($64 billion) of taxpayers' cash to bail out three major banks on Monday, in a move that could make the government their main shareholder.


GM shares rebound after Detroit merger reports (Reuters)

General Motors World Headquarters is seen along the Detroit River in Detroit, Michigan, September 17, 2008. (Rebecca Cook/Reuters)Reuters - Shares of General Motors Corp jumped almost 18 percent on Monday after reports the No. 1 U.S. automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co and Chrysler LLC.


Bush critic Krugman wins 2008 Nobel for economics (Reuters)

U.S. economist Professor Paul Krugman speaks at the one-day conference in Jakarta in this August 29, 2000 file picture. Krugman won the 2008 Nobel prize for economics for bringing together analysis of trade patterns and where economic activity takes place, the prize committee said on October 13, 2008. Picture taken August 29, 2000. (Str/Reuters)Reuters - U.S. economist Paul Krugman, a well-known critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday.


MUFG buys 21 percent stake in Morgan Stanley (Reuters)

The exterior of the headquarters of investment bank Morgan Stanley is pictured in New York City, September 17, 2008. (Mike Segar/Reuters)Reuters - Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it bought a stake in beaten-down Morgan Stanley, though at more favorable terms, as the U.S. government reportedly offered to support the Japanese bank's investment.


Europe moves to quell financial firestorm (AFP)

A selection of British newspapers report on the 37 billion pound (47 billion euros, 64 billion dollar) investment in Royal Bank of Scotland, HBoS and Lloyds TSB. The Lodon Stock Exchange welcomed the bailout and the FTSE 100 was up 4.84 percent in midday trade.(AFP/Alessandro Abbonizio)AFP - European governments launched a multi-pronged attack to combat the financial crisis on Monday, approving hundreds of billions of dollars in loans and buying into banks in a move to end panic on the markets.


Mbeki in bid to save Zimbabwe power-sharing deal (AFP)

Zimbabwe President Robert Mugabe, seen here in August 2008, has sworn in his two vice presidents, casting doubt on a new mediation effort aimed at saving a power-sharing deal with the opposition.(AFP/File/Paballo Thekiso)AFP - Zimbabwe's President Robert Mugabe swore in his two vice presidents on Monday, casting doubt on a new mediation effort aimed at saving a power-sharing deal with the opposition.