David Gutierrez Editor

j30-03
News Digest #1

Wall Street awakes to 2 storied firms falling
Monday, September 15, 2008
(09-15) 07:13 PDT NEW YORK, (AP) --

When Wall Street woke up Monday morning, two more of its storied firms had fallen.Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm failed. Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in a $50 billion all-stock transaction.
By JOE BEL BRUNO, CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER, AP Business Writers
Monday, September 15, 2008
Posted by dg597 at 7:25 AM 0 comments
Associated Press


Nearly 2,000 brought to safety in Texas
By CHRISTOPHER SHERMAN, Associated Press Writer
Sunday, September 14, 2008
The death toll from Hurricane Ike rose to 25 across nine states Sunday, as rescuers said they had saved nearly 2,000 people from waterlogged streets and splintered houses. Glass-strewn Houston was placed under a weeklong curfew, and millions of people in the storm's path remained in the dark.
By CHRISTOPHER SHERMAN, Associated Press Writer
Posted by dg597 at 7:23 AM 0 comments
San Francisco Chronical

Fed moves to deal with financial crisis
(09-14) 22:01 PDT WASHINGTON (AP) --
The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.
The action came as U.S. and foreign commercial banks were hashing out a plan to inoculate the global financial system against the possible failure of Lehman Brothers.
By MARTIN CRUTSINGER, AP Economics Writer Sunday, September 14, 2008
Posted by dg597 at 7:21 AM 0 comments
San Francisco Chronicle

Ike's aftermath: The return of $4 gas Gas prices poised to climb towards record levels again as hurricane hits center of nation's oil refining base;
NEW YORK (CNNMoney.com) -- Gas prices are poised to shoot back toward record highs after Hurricane Ike's direct hit to the heart of the nation's oil refineries, analysts said.

The average price of gasoline nationwide has already shot up 12 cents in the past two days to $3.795 a gallon, according to figures released by the AAA Sunday. And the average price of gas is now at or above $4 in Alaska, Georgia, Hawaii, Illinois, Indiana, Michigan and South Carolina.
By Chris Isidore, CNNMoney.com senior writer
Posted by dg597 at 7:19 AM 0 comments
CNN

Petraeus: more than troops needed in Afghanistan
BAGHDAD - U.S. Gen. David Petraeus said Sunday that experience in Iraq shows it will take political and economic progress as well as military action to tackle increased violence in Afghanistan.
By KIM GAMEL, Associated Press Writer
Posted by dg597 at 7:18 AM 0 comments
Associated Press

Leaders say they have a budget deal
Published 3:57 pm PDT Sunday, September 14, 2008
Legislative leaders said today they at last have a compromise deal on an 11-week-late state budget that calls for no tax increases, no borrowing from local governments or other state special funds -- and which makes no one happy.

Emerging from a weekend meeting in the office of Senate GOP leader Dave Cogdill, the quartet declined to give specific details of their compromise plan, saying they wanted to talk to their respective caucuses first.
By Steve Wiegand - swiegand@sacbee.com
Posted by dg597 at 7:17 AM 0 comments
Sacramento Bee

Fire destroys UEI building: A fire that engulfed a University Enterprise Inc. building this morning is suspected of arson
An alarm went out at 2:30 a.m. at the facility near Folsom Boulevard today. Firefighters had to cut through barbed wire to reach the fire which destroyed the building and affected several of the surrounding buildings.

"The whole property is secure," said Sacramento Fire Department Captain Jim Doucette. He said the building has been vacant for five years with no power, which means there may have been suspicious activity.

Chloe Daley Issue date: 9/13/08 Section
Posted by dg597 at 7:16 AM 0 comments
State Hornet

Widow's suit to keep husband's frozen sperm denied
Published 12:00 am PDT Sunday, September 14, 2008
Story appeared in OUR REGION section, Page B4

A state appellate court has decided that frozen sperm left behind by a deceased Sacramento County sheriff's deputy cannot be used by his widow to become pregnant.

Justices in the 3rd District Court of Appeal were asked to decide whether the widow, Iris Kievernagel, had the right to conceive a child from her late husband's frozen sperm.
By Bill Lindelof - blindelof@sacbee.com
Posted by dg597 at 7:13 AM 0 comments
Sacramento Bee

Feds: Audio sheds light on deadly LA train wreck
September 14, 2008
(09-14) 22:14 PDT LOS ANGELES, (AP) --
Federal investigators say audio recordings from a commuter train are missing required verbal safety checks between the engineer and the conductor in the seconds before the train collided with a freight engine, killing more than two dozen.
Kitty Higgins, a board member for the National Transportation Safety Board, says the recordings show the engineer and conductor called out and confirmed light signals along the route, but the tapes are missing calls for the last two lights the train passed just before the fiery wreck.
By AMY TAXIN, Associated Press Writer Sunday,
Posted by dg597 at 6:58 AM 0 comments
San Francisco Chronical

One person suspected in multiple Natomas robberies
Published 2:42 pm PDT Sunday, September 14, 2008
Four home invasions in the Natomas area have been linked to the same person, Sacramento law enforcement officials say.
In a statement by police today, officials said the home invasions that happened during a one-year period have been linked by physical evidence. Victims at two of the crimes were sexually assaulted.
By Jennifer Garza - jgarza@sacbee.com
Posted by dg597 at 6:57 AM 0 comments
Sacramento Bee

Editor:
1.David Gutierrez
2. Tiarra Earls
3. Georgeann Shoptaw
4. Kim Reyes
5. Jasmine Cannady
6. Amanda Bonzani