Wednesday, December 10, 2008

Afternoon Update: Obama Calls for Governor Under Siege to Step Down

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  Wednesday, December 10, 2008
  Compiled 4 PM E.T.
 
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Obama Calls for Governor Under Siege to Step Down
By MONICA DAVEY and JACK HEALY
President-elect Barack Obama became the most prominent voice in a chorus of political leaders who called on Gov. Rod R. Blagojevich to step aside.

Officials Say Jackson Was ‘Candidate 5’ in Case
By DAVID JOHNSTON
Federal authorities said that Representative Jesse Jackson Jr. was the potential Senate candidate mentioned in court papers related to the Blagojevich case.

White House Struggles to Find G.O.P Support for Auto Bailout
By DAVID M. HERSZENHORN
A dispute over the precise wording of the bill led the House and Senate to put forward competing versions.

Unexpected Drop in China’s Imports and Exports
By ANDREW JACOBS
Global demand for Chinese products is vanishing as the financial crisis slows trade, one economist says.

STATE OF THE ART
Sensors, Shutters, Lenses: Camera-Rating Time!
By DAVID POGUE
Once again, a search for the best digital cameras that cost less than $300. And the winners are . . .

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ARTS OPINION

The Carpetbagger
Awards season dispatches from David Carr. Today, why New York critics went for “Milk” while Los Angeles critics picked “Wall-E.”
Letters: Why Is Abortion Still a Political Issue?
Readers weigh in on Ross Douthat’s Op-Ed, “Abortion Politics Didn’t Doom the G.O.P.”

BUSINESS

Shares Gain, but Interest in Safe Treasuries Remains
By DAVID JOLLY and MICHAEL M. GRYNBAUM
Wall Street struggled to stay in positive territory as investors continued to flock to the safest possible investments and Washington tried to finalize a rescue package for automakers.

House Questions Spending of Bailout Money
By DIANA B. HENRIQUES
A report criticized the administration for a lack of strategy and challenged its reluctance to help reduce foreclosures.

Russia Looks to Join OPEC’s Plan to Cut Output
By ANDREW E. KRAMER
Oil prices, which have been slumping around $40 a barrel, rose after the announcement by the minister of energy that Russia will work with OPEC on reducing output.

Wholesale Inventories Fall Sharply
By THE ASSOCIATED PRESS
Wholesalers cut their inventories in October by 1.1 percent as they watched their sales decline by a record amount, the government said.

Rio Tinto Will Cut 14,000 Jobs
By BETTINA WASSENER
With demand slowing, Rio Tinto said it would cut 14,000 jobs in the latest sign of woe in the mining industry.

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