News Update: Banking crisis hits Britain

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Tuesday, October 7, 2008

TOP STORIES

Banking crisis hits Iceland and Britain

Australia cuts rates by 100 basis points; Japan stocks fall to five-year low

Globe strategists: What should the party leaders do?

With one week to go, should they be playing offence or defence? The Globe's strategists weigh in.

Margaret Atwood: Anything but a Harper majority

Margaret Atwood explains why she would back even Gilles Duceppe if it meant denying the Conservatives full control

Three honoured with physics Nobel

Two Japanese, one American earn recognition for discoveries in subatomic 'broken symmetry'


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Report on Business

Meet the man in charge of the bailout

Neel Kashkari has been asked to oversee the $700-billion rescue plan

'A lengthy recession'

World leaders struggle to agree on solutions as markets plunge sharply

Emerging markets pounded in global rout

Investors flee to safer havens as commodities take a hammering

Washington finds a scapegoat

'If you haven't discovered your role, you're the villain today'

Crisis strengthens Manulife's hand in AIG bid

American insurance giant is under pressure to sell businesses quickly to repay an $85-billion (U.S.) Federal Reserve loan that spared it from bankruptcy

National

Man charged in bus slaying to go to trial

Vincent Li, accused of beheading passenger aboard Greyhound bus, to stand trial for second-degree murder

Budgets may not be balanced: Duncan

Ontario finance minister warns global financial crisis will make it difficult to guarantee province won't fall into deficit

Man convicted of five blaze murders

Nathan Fry has been found guilty of five charges of murder and one of attempted murder after B.C. house fire killed five people in 2006

Immigrants face growing economic mobility gap

Incomes grow for Asian newcomers but blacks often fare worse from one generation to the next, census data shows

Man charged in abduction of Edmonton girl

44-year-old man facing kidnapping and sexual assault charges after girl abducted and later found safe

World

Karzai's brother denies drug connections

Provincial chairman summons journalists to his home to denounce allegations in U.S. paper from 'politically motivated' sources

'We're not going to win,' British commander says of bid to quash Taliban

Blunt statement came just days after a leaked diplomatic cable hinted that British ambassador in Kabul has a similarly dark forecast

Europe scrambles to bolster banks

Many governments offer deposit guarantees to reassure bank customers as stock markets dive on loss of confidence in banking system

Employees will testify in Palin probe

Inquiry examining whether VP candidate abused her office by firing state official

O.J. Simpson in isolation 'for his own safety'

Appeal cannot be lodged until after former football star is sentenced for kidnapping and robbery

Life

Boardroom faceoff

Will taking cues from politicians turn you into an office superstar? Before you invoke passion or shed a tear to win a workplace argument, there are a few tricks to figuring out what makes your audience tick

When they fired me, they said it wasn't personal

What a ridiculous human resources sentiment. Of course I was going to take it personally

Evaluate. Shirk. Submit. (Maybe)

Employees gripe about them, managers stall the process. But human resources experts argue their necessity

Trash-talking the boss

Can employees ever recover from insulting their superior and getting caught?

Health

Obesity linked to prostate cancer deaths

Rising insulin levels from excess weight are to blame, new study suggests

Science

Future looks bleak for many species

Humans pose biggest threat to other mammals; 1,139 species – one in four – face possible extinction, study found

Technology

Will Apple's suit against B.C. school bear fruit?

Company threatens to fight for symbol

EBay cuts 1,000 jobs, to buy Bill Me Later

Company expects restructuring charges of about $70-million to $80-million as a result of the cuts, and buy Bill Me Later and two other sites

The coming of the digital revolution

In February, U.S. broadcasters will shut off their analog signals. What does that mean if you have cable or satellite? Nothing. But if you have an antenna and you still want U.S. channels, things get more complicated

Sports

The C still shines

How can the Maple Leafs begin the season without a captain?

Vikings win it with a kick

Minnesota's field goal with less than two minutes gives team 30-27 victory over New Orleans

Bay leads the way

Canadian scores winning run in bottom of the ninth as Red Sox advance to face Rays in ALCS

Former CFL pivots turn Bulls around

Gill, Barrett bringing respectability back to a team that was once off the map

Arts

A master eye for detail

The famed David Levine's macular degeneration has put an end to his pen-and-ink drawings. But to him, the eye condition is a chance for new ways of seeing, James Adams writes

COC kicks off with seductive Don

Revival of 2000 production of Mozart shows every reason to bring it back

Constance Rooke, 65

Literary critic was president of PEN Canada

Kimmel back as American Music Awards host

Comedian to make fifth appearance on annual show

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