The Fed’s rescue of A.I.G. failed to placate investors, and a report showing a further decline in housing starts added to the gloom.

Stocks Drop Sharply Despite Bailout of Big Insurer Q & A
The A.I.G. RescueDavid Leonhardt answers questions about the implications of the A.I.G. bailout and the economy. ![]() Yuriko Nakao/Reuters
A board in Tokyo displayed rising stock prices. Stock markets rallied across much of Asia in early trading in response to the rescue of A.I.G. In Asia, the Bloom Is Off the A.I.G. RoseIf A.I.G.’s reputation suffers heavily, the company will face an uphill battle in Asia and its other global markets. American Exception
Supreme Court’s Global Influence Is WaningA diminishing number of foreign courts seem to pay attention to the writings of American justices. 16 Are Killed in Attack on U.S. Embassy in YemenMilitants opened fire on the embassy in Sana and detonated a car bomb at its gates, but no Americans were killed or injured, a Yemeni official said. Abortion Issue Again Dividing Catholic VotesA struggle on how Catholics should apply their beliefs in politics is reaching swing cities like Scranton, Pa. New York Settles Lawsuit Over Homeless FamiliesThe costly litigation, over homeless families’ access to shelter in New York City, has dragged on since 1983. GUEST Q & A
Wheels: Questions for Motocross ChampionJames Stewart, winner of both the World Supercross and AMA Supercross championships, is taking questions from readers. National CorrespondentAmy Harmon, who covers the impact of science and technology on American life, is answering questions. |
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