Henry Paulson reacts to the failure of the rescue package

The US House of Representatives has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.
The rescue plan, a result of tense talks between the government and lawmakers, was rejected by 228 to 205 votes in the House [...]

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A Message From Michael Moore
9-29-8

Friends,

Let me cut to the chase. The biggest robbery in the history of this country is taking place as you read this. Though no guns are being used, 300 million hostages are being taken. Make no mistake about it: After stealing a half trillion dollars to line the pockets [...]

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Patent system ’stifling science’

By James Morgan
Science reporter, BBC News

Nanotechnology will not fulfil it s potential without patent reforms

Life-saving scientific research is being stifled by a “broken” patent system, according to a new report.
“Blocking patents” are delaying advances in cancer medicine and food crops, says the Canada-based Innovation Partnership, [...]

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Economy

Why Congress Objects To The Bailout Plan
by Maria Godoy

In Depth

Your questions answered on:

The Planet Money Blog

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Chip Somodevilla
Senate Banking Committee Chairman Christopher Dodd (D-CT, left) and ranking Republican Sen. Richard Shelby (AL) were among the many lawmakers who raised objections to the bailout plan during testimony Tuesday from Treasury Secretary Henry Paulson and Federal Reserve Chairman [...]

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Europe To Paulson: You’re On Your Own
By: Cernig @ 6:45 AM - PDT

Remember how over the weekend Hank Paulson was on all the bobblehead shows saying that the bailout should extend to foreign firms trading in the US and how he was going to put together a Coalition Of The Bankrupt with other major [...]

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