I Think That Those In The Other
Party Are Beginning To See That Big
Black Abyss
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Britain Props Up Banks as Fed Leads Funding Effort
By MARK LANDLER and KATRIN BENNHOLD
Published: October 13, 2008
WASHINGTON – After a whirl of emergency weekend meetings on both sides of the Atlantic aimed at rescuing the global financial system, Britain began propping up three banks Monday with taxpayer funds while the Federal Reserve and three European central banks announced that they will offer financial institutions unlimited dollars to ease the banking crisis.Before markets opened in Europe, a statement from the Federal Reserve in Washington said that it, along with the Bank of England, the European Central Bank and the Swiss National Bank would provide funds at a fixed interest rate in advance of each operation “against the appropriate collateral in each jurisdiction.”
Under ‘No Child’ Law, Even Solid Schools Falter
By SAM DILLON
Published: October 12, 2008
SACRAMENTO – Prairie Elementary School had not missed a testing target since the federal No Child Left Behind law took effect in 2002. Until now.
The school, perched on a tidy, oak-shaded campus in a working-class neighborhood here, has moved each of its student groups – Hispanics, blacks, Asians, whites, American Indians, Filipinos, Pacific Islanders, English learners, the disabled – toward higher proficiency in recent years.Over all, the number of its students passing tough statewide tests had increased by more than three percentage points annually, a solid record.
USA
Pentagon divided over John McCain
His military experience, while seen as an asset, makes him a less likely pushover for top brass, and he has long been a critic of Defense spending. But some welcome the prospect of sweeping reforms.
By Julian E. Barnes, Los Angeles Times Staff Writer
October 13, 2008
WASHINGTON — For decades, the nation’s military officer corps has identified steadfastly with the priorities and values of the Republican Party. So the brass should be reveling in the presidential campaign of John McCain.Yet, in a culture that typically prefers one of its own, many are wary of the Vietnam War hero.
McCain, a former Navy officer and prisoner of war, would arrive in the White House with more military experience than any president since Dwight D. Eisenhower. But he also would bring a long congressional career as an outspoken critic of the Pentagon — prone to harsh assessments of its spending practices, weapons programs and military leaders.As a result, defenders of some of the Pentagon’s biggest weapons systems are worried that if McCain is elected, he will order sweeping changes, killing a number of big-ticket programs. Perhaps unlike other civilian leaders, McCain would be able to draw on his experience and knowledge of the military to reject the advice of generals and admirals.
