World News 08-29-08

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width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>News and Music Free Radio Stations RadioZX</B></FONT>     |     <A HREF="index.htm" TARGET="_top" TITLE="News and Music Free Radio Stations Radio">home</A>                              back to  <A HREF="news.htm" TARGET="_top" TITLE="News">News</A></div> <DIV ALIGN="LEFT"></DIV> <div> <I><B>World News 08-29-08</B></I></div> <div> <B>Bush points to signs that economy is on upswing</B></div> <div> <B>WASHINGTON (AP) -</B></div> <div> <B>President Bush said Saturday that Americans may have cause this Labor Day weekend to start worrying less about the nation's - and their families' - economic health. </B></div> <bR> <div> ``There have been some recent signs that our economy is beginning to improve,'' Bush said in his weekly radio address. </div> <bR> <div> Among the positive signs that Bush referenced was a report Thursday that the overall economy, as measured by the gross domestic product, rose by 3.3 percent in the April-June quarter. This surprised analysts and was a significant rebound from growth of just 0.9 percent in the first quarter of the year. Most credit was given to the $93 billion in economic stimulus payments the federal government has sent to households since May. </div> <bR> <div> However, other economic news this week showed that right after that second quarter, in July, consumer spending slowed to a crawl and personal incomes plunged. </div> <bR> <div> With few stimulus payments still to go out, some economists worry consumer spending will continue to falter. Since it accounts for two-thirds of economic activity, that could send economic growth tumbling again in the second half of the year, particularly given rising unemployment, a continuing credit crisis and the deepest housing slump in decades.</div> <bR> <div> Democrats, including presidential nominee Barack Obama, are calling for the government to pass a second stimulus package to guard against that.</div> <bR> <div> But Bush has resisted, expressing concern about the impact on the budget deficit and insisting the rebate payments will continue to support the economy in coming months. </div> <div> He praised the impact of the current stimulus package in language that suggested he remains opposed to another. </div> <bR> <div> ``The economic stimulus package that I signed earlier this year is having its intended effect,'' the president said. ``Many Americans who received tax rebates are spending them. Businesses are taking advantage of tax incentives to purchase new equipment this year. And there are signs that the stimulus package will continue to have a beneficial impact on the economy in the second half of the year.'' </div> <bR> <div> Still, despite his optimistic outlook, Bush took care to express sympathy with those grappling daily with pocketbook worries. </div> <bR> <div> ``There are families across our country struggling to make ends meet,'' he said. ``There is an understandable concern about the high price of gas and food. And many Americans are worried about the health of our housing and job markets. I share these concerns about our economy.'' </div> <bR> <div> 08/30/08 11:45 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press</div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>World War III = </B><FONT SIZE="2" COLOR="#0000FF" FACE="Arial" ><B>Russia China Coalition and </B></FONT><B>Asian alliance</B></div> <div> <B>Kremlin announces</B></div> <div> <B>South Ossetia will become part of Russia</B></div> <div> The Kremlin moved swiftly to tighten its grip on Georgia’s breakaway regions yesterday as South Ossetia announced that it would soon become part of Russia, which will open military bases in the province under an agreement to be signed on Tuesday.</div> <bR> <div> <B>Tibetan exiles stage peace fast as </B><FONT SIZE="2" COLOR="#CC9922" FACE="Arial" ><B>Dalai Lama</B></FONT><B> takes part in hospital</B></div> <div> DHARAMSHALA, India </div> <div> Tibetan exiles and supporters staged a symbolic 12-hour fast for peace in Tibet on Saturday as Buddhist spiritual leader the Dalai Lama joined in from his hospital bed.</div> <bR> <DIV ALIGN="LEFT"></DIV> <div> <B>McCain chooses Alaska Gov. Sarah Palin for V.P.</B></div> <div> Culled from <A HREF="http://isp.netscape.com/" TARGET="_top" TITLE="http://isp.netscape.com/"><IMG SRC="5eaa0340.gif" border=0 width="160" height="52" ALT="netscape internet service" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></A> <FONT SIZE="1" COLOR="#000000" FACE="Arial" >By LIZ SIDOTI   Associated Press Writer   DENVER (AP) -</FONT></div> <div> John McCain tapped little-known Alaska Gov. Sarah Palin to be his vice presidential running mate on Friday in a startling selection on the eve of the Republican National Convention.</div> <bR> <div> Two senior campaign officials disclosed McCain's decision a few hours before the Republican presidential nominee-to-be and his newly-minted running mate appeared at a rally in swing-state Ohio.</div> <bR> <div> Palin, like McCain, is a conservative with a maverick streak who has shown a willingness to clash with others in her own party. A self-styled hockey mom and political reformer, she has been governor of her state less than two years.</div> <bR> <div> Palin's selection shocked numerous Republican officials.</div> <bR> <div> At 44, Palin is a generation younger that Sen. Joseph Biden of Delaware, who is Barack Obama's running mate on the Democratic ticket.</div> <bR> <div> She is three years Obama's junior, as well - and McCain has made much in recent weeks of Obama's relative lack of experience in foreign policy and defense matters.</div> <bR> <div> In making his pick, McCain passed over several more prominent prospects who had figured in speculation for months - Minnesota Gov. Tim Pawlenty, former Massachusetts Gov. Mitt Romney and former Pennsylvania Gov. Tom Ridge among them.</div> <bR> <div> Palin flew overnight to an airport in Ohio near Dayton, and even as she awaited her formal introduction, some aides said they had believed she was at home in Alaska.</div> <bR> <div> She is a former mayor of Wasilla who became governor of her state in December, 2006 after ousting a governor of her own party in a primary and then dispatching a former governor in the general election.</div> <bR> <div> More recently, she has come under the scrutiny of an investigation by the Republican-controlled legislature into the possibility that she ordered the dismissal of Alaska's public safety commissioner because he would not fire her former brother-in-law as a state trooper.</div> <bR> <div> The timing of McCain's selection appeared designed to limit any political gain Obama yields from his own convention, which ended Thursday night with his nominating acceptance speech before an estimated 84,000 in Invesco Field in Colorado.</div> <bR> <div> Public opinion polls show a close race between Obama and McCain, and with scarcely two months remaining until the election, neither contender can allow the other to jump out to a big post-convention lead.</div> <bR> <div> McCain has had months to consider his choice, and has made it clear to reporters that one of his overriding goals was to avoid a situation like the one in 1988, when Dan Quayle was thrown into a national campaign with little preparation.</div> <bR> <div> Palin has a long history of run-ins with the Alaska GOP hierarchy, giving her genuine maverick status and reformer credentials that could complement McCain's image.</div> <bR> <div> Two years ago, she ousted the state's Republican incumbent governor, Frank Murkowski in the primary, despite having little money and little establishment backing.</div> <bR> <div> She has also distanced herself from two senior Republican office-holders, sen. Ted Stevens and Rep. Don young. Both men are under federal corruption investigations.</div> <bR> <div> She had earned stripes - and enmity - after Murkowski made her head of the Alaska Oil and Gas Conservation Commission. From that post, she exposed ethical violations by the state GOP chairman, also a fellow commissioner.</div> <bR> <div> She and her husband Todd Palin, have five children. The latest, a baby, was born with Down syndrome. </div> <bR> <div> 08/29/08 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press</div> <DIV ALIGN="LEFT"></DIV> <div> <B><IMG SRC="7a344060.gif" border=0 width="580" height="6" ALT="stars and stripes line" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <bR> <div> <B>Make your opinions known to the U.S. Congress, Senate and State Officials</B></div> <div> <A HREF="http://www.senate.gov/general/contact_information/senators_cfm.cfm?OrderBy=state&Sort=ASC" TARGET="_top" TITLE="http://www.senate.gov/general/contact_in">U.S. Senators Contact info</A>     <A HREF="http://www.house.gov/writerep/" TARGET="_top" TITLE="http://www.house.gov/writerep/">Congressperson in the U.S. House of Representatives</A>     <A HREF="http://congress.org/stickers/?dir=congressorg&officials=officials&lvl=L" TARGET="_top" TITLE="http://congress.org/stickers/?dir=congre">Governors & State Officials</A></div> <bR> <div> <IMG SRC="7a344060.gif" border=0 width="580" height="6" ALT="stars and stripes line" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <bR> <div> <A HREF="http://www.adamschocolate.com/" TARGET="_top" TITLE="http://www.adamschocolate.com/"> <img src="HTMLobj-2911/aniGif.gif" alt="Adams Secret Dark Chocolate" border="0" align="bottom" width="468" height="60">  </A></div> <div> Holiday Gifts - Birthday Gifts - Unique Gifts - Personalized Gifts</div> <bR> <div> <FONT SIZE="2" COLOR="#000000" FACE="Arial" ><I>The Newspaper  </I></FONT>Hot <I> </I>Headlines . . .<FONT SIZE="2" COLOR="#000000" FACE="Arial" ><I>     </I></FONT><FONT SIZE="1" COLOR="#000000" FACE="Arial" ><IMG SRC="04b23230.png" border=0 width="35" height="35" ALT="newspaper" ALIGN="BOTTOM" HSPACE="0" VSPACE="0">   </FONT><FONT SIZE="2" COLOR="#000000" FACE="Arial" >for people on the Run   </FONT><FONT SIZE="1" COLOR="#000000" FACE="Arial" ><IMG SRC="57d31110.gif" border=0 width="49" height="17" ALT="UPDATED" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> 24/7 - 365</FONT></div> <div> <IMG SRC="2a7be0f0.gif" border=0 width="190" height="15" ALT="Our Business is Information" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"><IMG SRC="2e6be0f0.gif" border=0 width="190" height="15" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> <A HREF="contact_us.htm" TARGET="_top" TITLE="Contact Us">Email Us your questions</A></div> <bR> <div> <B>Get Rid of Life's Little Annoyances</B></div> <div> <B>VOTE</B></div> </td> </tr></table></body>