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RESCUE PLAN REJECTED: House defeats bailout bill Print E-mail
By News organizations   
Last Updated ( Monday, 29 September 2008 )

After marathon negotiations and despite warnings of dire consequences should the economic rescue plan fail, the House voted it down 228 to 205 Monday. 133 Republicans and 95 Democrats voted no. The stock market plunged on the news, with the Dow closing down more than 750 points. Supporters hope to regroup, but how was unclear. | New York Times

Political finger-pointing followed the vote. A switch of 12 would have changed the outcome, but party leaders could not muster the votes. | Politico

 
Welcome to St. Louis: A cribsheet for out-of-towners Print E-mail
By Mary Delach Leonard, Beacon staff   
Last Updated ( Tuesday, 30 September 2008 )

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More than 3,000 out-of-town media, plus dozens of political operatives from both parties, will be descending on St. Louis for the vice presidential debate at Washington University Thursday. Here are some local facts, figures and advice so they can make their way around town like a local.

 
Polls indicate one factor that could elect John McCain - reaction against Obama's race Print E-mail
By Kenneth Warren, Special to the Beacon   
Last Updated ( Monday, 29 September 2008 )

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John McCain is facing a perfect storm: voter frustrations with the economy and the party in power plus indications that voters trust his opponent to better handle domestic issues. So why might Barack Obama lose? Saint Louis University professor Ken Warren looks at the polls and sees that "to a critical minority of voters, his race is a problem."

 
Citigroup will buy Wachovia's banking operations Print E-mail
By News organizations   
Last Updated ( Monday, 29 September 2008 )
Citigroup agreed Monday to buy Wachovia's troubled banking operations. But the New York Times reported that Citigroup is leaving behind the A.G. Edwards retail brokerage operations based in St. Louis and Evergreen Management. The deal further consolidates power in the hands of a few giant banks. Citigroup will absorb $42 billion of Wachovia's losses, the FDIC will absorb $12 billion and the FDIC will get stock in return. Read the complete New York Times story.
 
Beacon readers react to the debate Print E-mail
By Compiled by the staff   
Last Updated ( Sunday, 28 September 2008 )
The Beacon asked registered readers to respond to the debate between Sens. John McCain and Barack Obama. Find comments inside. if you want to join in the discussion, register and leave your comments (the place to click for registration is in the upper right corner of the home page).
 
First debate focuses on security: McCain finds it in experience, Obama in new priorities Print E-mail
By News organizations   
Last Updated ( Saturday, 27 September 2008 )
The presidential debate that almost didn't happen provided 90 minutes of lightly moderated discussion about the economy, Iraq, terrorism and other foreign policy challenges. Republican John McCain repeatedly emphsized his experience and characterized Democrat Barack Obama as naive or lacking in understanding. Obama, while demonstrating familiarity with the details of many situations, contended that the nation's safety lies in charting a new course that will restore esteem for the U.S. | Washington Post
 
Meet the candidates in the 9th congressional district: Judy Baker Print E-mail
By Kristen Hare, Special to the Beacon   
Last Updated ( Tuesday, 07 October 2008 )

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State Rep. Judy Baker of Columbia is the Democratic candidate for the 9th congressional district, an open seat that is one of the most hotly contested in the country. Baker gives her views on the most pressing issues facing constituents.

 
Anatomy of a foreclosure: Life in the aftermath.... now what? (Part 3) Print E-mail
By Mary Delach Leonard, Beacon staff   
Last Updated ( Friday, 26 September 2008 )
mortgageicon.jpgThe collapse of some of the nation's oldest financial institutions started on Main Street America with hundreds and thousands of homeowners such as 56-year-old Maureen McKenzie of Kirkwood who in May lost to foreclosure the small ranch house that had been in her family since it was built after World War II. How could this happen? The answer is ... complicated. In this, the third of three parts, the Beacon concludes the story of how Maureen McKenzie of Kirkwood, Mo., lost her 900 square feet of the American Dream. Part 3 of 3 parts.
 
The case for short selling Print E-mail
By Robert W. Steyer, Special to the Beacon   
Last Updated ( Thursday, 02 October 2008 )

From famous CEOs like John Mack of Morgan Stanley to infamous CEOs like Kenneth Lay of Enron, short-sellers have been blamed for major flops in companies' stocks. Critics of short selling -- the betting that stocks will fall -- have called these investors anything from anti-American to financial terrorists to vultures. The critics are often CEOs whose stocks are being battered, but many experts say responsible short-selling is not only a time-honored financial tactic but also a necessary one.

 
Just say no: Akin's part of GOP group putting brakes on bailout Print E-mail
By Dale Singer, Beacon staff   
Last Updated ( Friday, 26 September 2008 )

Updated 4:15 p.m., Sept. 26: As the financial bailout talks continue in Washington, U.S. Rep. Todd Akin wants to make sure that Congress doesn't feel a false sense of urgency and do anything rash with taxpayers' money. Akin, a Republican from Town and Country, is part of the GOP study committee whose members have balked at the federal bailout plan. The group is proposing a federally backed insurance program instead.

 
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Editors' Picks

  • Region
    • Albert does it again: Despite the Cards' fourth-place finish, Pujols is named the league's MVP, making him and Stan Musial the only Cardinals to win the award twice. Ryan Howard, his closest rival, grew up in the St. Louis area. | ESPN

    • InBev completes purchase of Anheuser-Busch: The combination creates the global leader in beer and one of the world's top five consumer products companies. | MarketWatch

    • MySpace suicide trial set to begin in L.A.: Lori Drew is accused of taunting 13-year-old Megan Meier over the Internet, leading to her hanging herself in St. Charles County. | STLtoday

    • Suspect admits murder at West County Center in 2000: Derrick Luster interrupted selection of a jury for his trial Monday to admit killing Joyce Belrose in what may have been a failed carjacking attempt. | STLtoday

  • Elections
    • State propositions run the gamut: Same-sex marriage, animal rights, physician-assisted suicide and more were decided by voters nationwide on Tuesday. | AP/Washington Times

    • How they voted: A national exit poll shows Obama did better among women than men, better among young than old, better among Jews than Protestants. | New York Times

    • Democrats pick up at least 19 House seats: The gain builds on the 30 seats the party captured two years ago. | AP

    • Democrats gain at least five Senate seats: Several races - Minnesota, Alaska, Georgia and Oregon - were still too close to call on Wednesday morning. But the Dems appeared unlikely to gain attain a filibuster-proof 60 seats. | New York Times

  • Nation/World
    • Obama said to favor Eric Holder Jr. for attorney general: The former judge, U.S. attorney and deputy attorney general will be nominated if he can garner enough Senate support, sources say. He would be the first African American to hold the post. | Washington Post

    • Stevens loses Senate seat in Alaska: The Republican who was found guilty of seven felonies a week before the election was defeated by Anchorage Mayor Mark Begich, who will be the first Democrat to represent Alaska in the Senate in nearly 30 years. | Anchorage Daily News

    • Changes aim to ease holiday travel congestion: In an effort to clear space for crowded planes, airspace typically dedicated to the military will be temporarily opened to commercial airliners. | AP/Chicago Tribune

    • Lieberman retains Senate chairmanship: Despite his support for the GOP presidential ticket, the Connecticut senator -- now an independent -- didn't lose his position as head of Homeland Security committee. | Politico

 

Jazz with Jerome Harris

Video by Christian Cudnik

Jazz musician and educator Jerome Harris talks about the importance of teaching. See a larger version of this video and read a profile of Harris

Voices

  • Editorial Cartoons

    sstantis100transition.jpgThe presidential ransition still gets lots of attention, but the cartoonists are also looking at specific economic and social issues. Find the work of Scott Stantis, John Sherffius, Chris Britt, Marshall Ramsey and Mike Thompson inside.

  • In the News

    soa100puppet.jpgPosted 5 p.m. Mon. Nov. 17 - This weekend, nearly a hundred St. Louisans, many of them high school students, will travel to Fort Benning, GA to protest the School of the Americas. Among its graduates are some of Latin America's most notorious dictators, guilty of some of the continent's most savage human rights violations. Rachel Heidenry, who participated in the protest while a student at Nerinx Hall and Bard College, describes the experience and took the photographs that accompany the story and are in a slideshow at the end of the article.

  • Law Scoop

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    Posted, 1:20 p.m., Thursday, Nov. 13 - Not often do the justices of the U.S. Supreme Court admit to such bafflement as they did on Wednesday when trying to decide if Pleasant Grove City, Utah has to add the 7 Aphorisms to the 10 Commandments in its city park.

The Lens

Giving Back

The Beacon wants to help you share the news about good deeds St. Louisans are doing. See our spotlight on those who are giving back.

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The Beacon features links to the latest work by the Pulitzer Center on Crisis Reporting.This Washington-based non-profit organization promotes in-depth international coverage of topics that have been under-reported, mis-reported - or not reported at all.

To see a list on our World news page, click here . The Pulitzer Center's founder is Jon Sawyer, former Washington Bureau chief of the St. Louis Post-Dispatch.

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Twitter is a "microblogging" service where users can provide short updates about what they are doing. stlbeacon is our official Twitter feed – check it out to find our featured stories and the news that matters.

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Mortgage foreclosures are at the heart of the current economic crisis. The Beacon and KETC/Channel 9 have been covering how mortgage problems affect St. Louis area residents.

Visit our special section to read coverage of these issues, watch Channel 9's stories and access resources to find help.

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