Happy Constitution Day…and other stories on our radar:
ON THE TRAIL: Sen. Obama spends the day in Las Vegas while Sen. McCain does an interview in Ohio and hosts a town hall meeting in Grand Rapids, MI with Gov. Palin. Sen. Biden spends the day at rallies in Ohio.
TORRIJOS VISIT: Panamanian President Martin Torrijos is scheduled to meet with George W. Bush.
FBI OVERSIGHT HEARING: The Senate Judiciary Committee holds a hearing on “Oversight of the Federal Bureau of Investigation.” FBI Director Robert Mueller is scheduled to testify.
RUSSIA-GEORGIA CONFLICT HEARING: The Senate Foreign Relations Committee holds a hearing on "Russia's Aggression Against Georgia: Consequences and Responses."
CHILDREN AND ARMED CONFLICT FORUM: The theme of this forum hosted by the U.S. Institute of Peace is “Children and Armed Conflict: Child Soldiers as Combatants, Victims, and Survivors.”
CONSTITUTION DAY: This day celebrates the signing of the U.S. constitution in 1787.
NEW GUINNESS WORLD RECORDS BOOK RELEASED: The newest version of the Guinness Book of World Records is scheduled to be released.
For what’s in the program take a look at tonight’s Evening Buzz.
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Tonight, there's another shock to the U.S. markets. We're awaiting a news conference on a deal to save the nation's largest insurance company, American International Group. The federal government is giving AIG an $85 billion loan that gives the Federal Reserve a nearly 80% equity interest in the company. The move will help AIG avoid bankruptcy.
If you're keeping track (and I know this is complicated) the Federal Reserve opted not to help Lehman Brothers avoid bankrupty yesterday. So, why would it help AIG? We'll break it down for you tonight. Though, here's a hint why: AIG has $1.1 trillion in assets and 74 million clients in 130 countries, along with 116,000 employees worldwide.
Tonight, we'll also talk with personal financial expert Suze Orman about how this could impact your bank account. She'll offer some advice.
We're also on the trail with Senators John McCain and Barack Obama. Hear what they said today about the Wall Street crisis.
And, we'd love to know what you think: Should the federal government be helping companies like AIG avoid catastrophic failure?
Join us tonight at 10pm ET for the breaking developments.
John King | Bio
CNN Chief National Correspondent
Top McCain-Palin official Carly Fiorina is facing criticism from some within the campaign for a day of what they call "very Biden-like" comments, after the former Hewlett-Packard CEO told two separate interviewers that neither member of the Republican ticket would be capable of running a company.
Democratic VP nominee Joe Biden is noted for his off-the-cuff gaffes.
Asked by a St. Louis radio station whether she thought Republican vice presidential nominee Sarah Palin could run a company like Hewlett-Packard, Fiorina responded: "No, I don't.
“But that's not what she's running for. Running a corporation is a different set of things."
Asked about that remark on MSNBC, she made the same unprompted assessment of the GOP presidential nominee. "I don't think John McCain could run a major corporation."
She also said she did not believe Democrats Barack Obama or Joe Biden had the right business background either.
But with the economy center stage in the campaign, the words that gave Democrats easy fodder to attack the Republican ticket.
In the aftermath of Ike, that goodwill we hear so much about in times of trouble is – I am happy to report – alive and well.
BPA is the new evil doer. There’s been so much talk about this plastic ingredient and what it could do to you and your kids, that nothing seems safe anymore. You buy a reusable plastic bottle thinking it’s not only cheaper than buying bottled water, but also better for the planet, only to find out the earth-friendly vessel could be linked to risks of heart disease and diabetes.
Parents I know were understandably freaked out. Some switched to glad bottles for their babies, others got rid of all the plastic cups in their house and replaced them with BPA-free models or metal sports bottles, and most decided the convenience of the dishwasher wasn’t worth the risk of leaching chemicals. But it turns out, most of us already have some BPA floating through our bodies.
The FDA has said BPA is safe, but recommends avoiding plastic containers marked with the recycling number “7” and not warming up food in plastic containers. But a new study today from the American Medical Association now says those health concerns “deserve scientific follow-up”. What’s the real story here? Check out this link.
If you enjoyed Tina Fey on SNL, you may like this snappy wrap of fellow Sarah Palin impersonators from one of my favorite CNN correspondents, Jeanne Moos.
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O.J. Simpson stretches during his trial in Las Vegas, Tuesday. Simpson faces 12 charges, including felony kidnapping, armed robbery and conspiracy.
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O.J. Simpson is on trial for robbery and kidnapping charges nearly a year after police arrested him in Las Vegas, Nevada. Prosecutors say Simpson and five other men stormed into a Las Vegas hotel room last September 13 to recover sports memorabilia that Simpson said belonged to him. They say at least two men with Simpson had guns as they robbed two sports memorabilia dealers. The following dispatches come from our Ted Rowlands covering the trial.
Thanks to Judge Jackie Glass nobody fell asleep today in the OJ Simpson courtroom. (One of the jurors did yesterday).
The judge was on fire!!! Yelling at the attorneys as they complained about each other. From her "sit down" to Simpson's attorney Yale Galanter to her "stop stop stop" to the other attorneys, Glass is proving that this is her courtroom.
One local attorney told me "she's no judge Ito" referring to Lance Ito of OJ trial #1 who many feel lost control. Glass is riding a fine line between keeping control of the courtroom and becoming a distraction, don't be surprised if attorneys start complaining on the record about the way she's treating them in front of the jury.
CNN Political Producer
Carly Fiorina, the former Hewlett-Packard CEO turned John McCain Victory chair, said Tuesday that Sarah Palin isn’t qualified to run her old company.
Appearing on a KTRS Radio show in St. Louis, Fiorina was asked by the host, “Do you think she has the experience to run a major company like Hewlett Packard?”
“No, I don’t,” Fiorina answered. “But that’s not what she’s running for. Running a corporation is a different set of things."
"I would just remind you that it is Barack Obama who is running for president," she continued. "John McCain who is running for president.”
Fiorina contended that while Palin may not be up the task of running a multi-billion dollar IT company, she does have more relevant governing experience than Obama does.
“I find it quite stunning actually that the Barack Obama campaign is questioning Sarah Palin's experience,” Fiorina said. “She’s got more executive experience than he does and she is the vice presidential nominee, Barack Obama is the presidential nominee.”
Katrina vanden Heuvel
Editor, The Nation
This should be a big election about big issues. The greatest financial crisis since the Depression. Soaring global debt. Collapsing public infrastructure. A broken health care system. Gilded Age inequality. Two disastrous occupations and a failing "war on terror." Yet, until Wall Street imploded this weekend, it seemed as if no one could move the 24/7 mainstream media beyond the trivial. Tired of talking about swine and lipstick, moose and baby bumps? We are.
That's why The Nation's lead editorial this week calls for an end to gotcha journalism and the politics of distraction and diversion. It's time to say, Enough! Let's refocus this election on what's truly at stake. To that end, we're laying out a series of questions in the magazine and at TheNation.com that we believe should be asked of both candidates–not only in the upcoming debates, the first of which takes place just one week from this Friday–but by a mainstream media that seems, well, "hell-bent" on reporting on the election as if it's a new hit reality show.
Here are some of the questions we'd like to see asked of the candidates:
Editor's Note: Republican strategist Alex Castellanos was a former campaign consultant for Mitt Romney's presidential campaign and has worked on more than half a dozen presidential campaigns. Castellanos is a partner in National Media Inc., a political and public affairs consulting firm that specializes in advertising. He has produced many Republican political ads and has clients such as the U.S. Chamber of Commerce.
In theater, they say the second act is the hardest to write. It requires relentless focus and discipline. The writer must give himself fearlessly to one central idea and never waver, though temptation is the opposite: There are many paths a story can take.
So it is in politics, as Barack Obama's campaign is learning.
The clear campaign of change ran into trouble in Act II when it was tasked with explaining what change actually meant. Obama, as they say in show business, "ran out of script."
The wind in his sails stalled in the hot calm of August and he has yet to recover. After John McCain's improbable resuscitation to seize the GOP nomination, the Arizona senator's top aides briefed him about his exacting challenge: He would go into the conventions trailing Obama by at least 8 percentage points and then battle back through the fall to parity.
Yet, as cooler days and hotter rhetoric mark the start of the fall finale, it is Obama who finds himself clawing back, forced to attack, launching uncharacteristic partisan and personal attacks against a McCain who has "lost track" of and is "confused" about how many houses he owns.
How did the soaring campaign of change become grinding politics-as-usual and crash so thunderously to earth?