Morning headlines
September 16, 2008 at 10:34 am by Russell McLendon in NewsBACKS AGAINST THE WALL STREET: The Dow is suffering its worst loss since 2001 following the bankruptcy of Lehman Brothers and the buyout of Merrill Lynch, with AIG possibly next, despite recently borrowing $20 billion from its subsidiaries. The Fed today infused $50 billion into financial markets to stem the freefall.
MCCAIN: Reconfigures his recent statement that “the fundamentals of our economy are strong.”
PALIN: Won’t cooperate with the ongoing ethics probe because she says Obama’s campaign has infiltrated it. Actually, she didn’t say that. Despite the probe being into her conduct as governor, the announcement that Palin won’t be cooperating was made by the McCain campagin.
JUST THE TICKET: Atlanta scofflaws will have two months, starting Oct. 1, to pay old parking tickets and have all late fees waived, a measure approved by City Council in hopes of collecting at least some money they otherwise might never have seen.
GASOLINE: Prices in Georgia are the second-highest in the country, although analysts say they should settle somewhere around $4 soon.
NATURAL GAS: Prices in Georgia may rise 25 percent this winter.
BARR VS. BLOOMBERG: The Libertarian presidential candidate will appear in federal appeals court in Atlanta today to defend his defamation suit against the New York City mayor, which alleges Bloomberg libeled Barr’s client, Adventure Outdoors Sporting Goods, by calling the Smyrna store a rogue gun dealer in his famous 2006 lawsuit.
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