Tuesday, December 9, 2008

Afternoon Update: Illinois Governor in Corruption Scandal

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  Tuesday, December 9, 2008
  Compiled 4 PM E.T.
 
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Illinois Governor in Corruption Scandal
By MONICA DAVEY and JACK HEALY
Gov. Rod R. Blagojevich of Illinois was arrested and charged with corruption, including an allegation that he conspired to profit from appointing a senator to succeed Barack Obama.

THE CAUCUS
Who Can Name Obama’s Successor?
By ANAHAD O'CONNOR and JACK HEALY
Illinois politicians are saying that the governor should be stripped of his role in naming Barack Obama’s replacement.

Governor Said to Push for Firings at Chicago Paper
By RICHARD PÉREZ-PEÑA
Prosecutors said the governor pushed the Chicago Tribune to fire editorial writers who had criticized him.

Democratic Leaders Push to Complete Auto Rescue Plan
By DAVID M. HERSZENHORN
Senate Democrats said Congress may act on a rescue plan for the auto industry before nightfall, but a Republican leader said he was reserving judgment for the moment.

In Election’s Wake, Campaigns Offer a Peek at What Really Happened
By ADAM NAGOURNEY
After-the-election presidential campaign panels — in which campaign managers, pollsters, media consultants and other strategists talk about what they did and why they did it — have become a regular postscript to presidential campaigns.

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TIMES TOPICS BLOG OPINION

After Deadline: Simplify, Simplify
A weekly newsroom critique of grammar, style and usage in The Times. This week: overstuffed sentences.
Op-Ed: Where Are the New Jobs for Women?
A just economic stimulus plan must include jobs in fields like social work and teaching, where large numbers of women work.

BUSINESS

As Markets Waver, Treasury Yield Turns Negative
By MICHAEL M. GRYNBAUM and DAVID JOLLY
Stocks moved sharply lower as investors were so desperate to put their cash into government notes that they were willing to pay a penalty: three-month notes traded at a negative yield.

Sony to Trim 8,000 Jobs and Reduce Investment
By BETTINA WASSENER
Sony blamed the rapid deterioration in the global economic outlook and the strength of the Japanese currency for the cuts.

Bank of Canada Cuts Rate to 50-Year Low
By IAN AUSTEN
The central bank unexpectedly cut its key rate by three-quarters of a percentage point to 1.5 percent and declared the Canadian economy to be in a recession.

Wal-Mart Settles Suit Over Pay for $54 Million
By THE ASSOCIATED PRESS
The agreement settles a class-action lawsuit that accused the discount retail giant of cutting workers’ break time and allowing employees to work off the clock in Minnesota.

Merck Restructuring Puts a Focus on Generic Drugs
By THE ASSOCIATED PRESS
A drug maker tries to reassure investors that new strategies like diversifying research through partnerships will help the company rebound.

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