How will the Treasury implement the bailout?

A summary of what's in the major U.S. newspapers.
Oct. 4 2008 6:51 AM

Bail Is Set

(Continued from Page 1)

Plenty of small-government advocates have expressed displeasure with the bailout, but it turns out that card-carrying socialists aren't pleased by it either. The WSJ has the story.

Sen. John McCain's presidential campaign is planning a shift in tone for the month leading up to the election, according to the WP. With economic issues favoring Democratic candidate Sen. Barack Obama in many recent polls (including in Florida, the NYT notes), the McCain camp plans to go on the offensive and focus on negative ads assailing Obama's record and past associates. TP isn't sure that this approach is entirely new to the campaign, but the paper says this more aggressive approach should be evident in Tuesday night's debate. Perhaps comparisons between the two debates can provide a kind of benchmark.

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The NYT addresses something McCain will almost certainly bring up: Obama's association with '60s radical Bill Ayers. The paper claims, however, that the two men were casual acquaintances at best.

The LAT writes that playing basketball isn't just a way for Obama to relieve some stress—it's also something of a good luck ritual for the campaign.

Meanwhile, the NYT and the WP both report that Sarah Palin is a millionaire.

The WP teases a story on last Thursday's VP debates generating the second-highest debate ratings ever, falling only behind a Carter-Regan debate from 1980.

A Las Vegas jury found O.J. Simpson and his co-defendant guilty of armed robbery and kidnapping, says the LAT—13 years to the day after he was acquitted of murder.

Who's the world's leading consumer of geothermal power? Would you believe it's the Philippines? And they've got Ferdinand Marcos to thank for it, says the WP. The paper argues that the United States has far more geothermal potential, but that it would take some serious cash over a number of years to really tap into it.

Nobody fronts it, but an explosion in South Ossetia killed seven people and has raised tensions between Russia and Georgia just days before a scheduled pullback of Russian troops.

Jesse Stanchak is a writer living in Washington, D.C.

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