This afternoon, the Fed's expected rate cut is a done deal, and Barack Obama's much-anticipated speech on race is over. Both moves are major stories getting lots of reaction. The headlines also include an ultimatum from the Dalai Lama, a plea deal for a surgeon accused of selling body parts, and one of the most bizarre online offers we've seen. Something for everyone... here's the afternoon buzz...
Fed cuts a key interest rate, stocks surge
Wall Street had its best day in 5-1/2 years after the Fed cut a key interest rate by three-quarters of a percentage point.
Delta offers buyout to 30,000
Delta Air Lines will offer severance payouts to more than half of its workers and will cut 5 percent of capacity to help offset rising fuel prices.
FAA expands safety inquiry
The nation's air safety watchdog ordered its inspectors to reconfirm that airlines are complying with federal rules, in the wake of Southwest Airlines revelations.
Dalai Lama threatens to resign if violence worsens
The Dalai Lama said he will step down as leader of Tibet's government-in-exile if violence by protesters in the region worsens.
Obama urges Americans to help heal racial divide
In a widely anticipated speech, Sen. Barack Obama addressed the controversy over his former minister and challenged Americans to take a closer look at race relations.
Michigan revote up in the air
Now that officials in Florida have nixed a primary revote, the focus has shifted to Michigan. Here's the latest...
Poll: Dead heat in election matchup
Barack Obama and Hillary Clinton would both statistically tie Republican John McCain in a general election matchup, a new CNN/Opinion Research Corporation poll indicates.
Crime & Punishment
Guilty plea in body parts case
An oral surgeon charged with plundering corpses from funeral homes and selling them for millions of dollars pleaded guilty. How much time will he spend behind bars?
Hotel security guard sought in Spring Break rape
Police in Panama City Beach, Florida are looking for a hotel security guard accused of raping an Alabama student and throwing her off a sixth-floor hotel balcony.
Trial of accused hit-run grannies begins
The prosecution says two elderly women acccused of killing two homeless men were videotaped discussing the scheme while in FBI custody.
What YOU will be TALKING about TONIGHT
Heartbroken man's life for sale online
Talk about starting over - yikes! But does the buyer get a chance to reconcile with the seller's wife?
Rare dinosaur mummy could unlock secrets
What makes this 65-million-year-old relic found in North Dakota different from nearly every other dinosaur fossil ever found? It's all about the skin...
Filed under: The Buzz
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