Bush takes bailout plan to the public

President Bush addresses the nation regarding bailout plan; Americans express mixed feelings about increased e-mail access; Lance Armstrong races to increase cancer awareness.

President Bush addressed the nation Wednesday evening to draw support for his $700 billion Wall Street bailout plan, warning of a "long and painful recession" if expedient action isn't taken.

The speech was the first of Bush's presidency exclusively dedicated to the economy, and was written partially to signal his willingness to address lawmakers' concerns about giving too much power to the Treasury secretary and the use of tax dollars to compensate Wall Street executives, The New York Times reports.

Both Sens. Barack Obama (D-IL) and John McCain (R-AZ) will take part in White House talks today. However, Obama has rejected McCain's plea to delay the first presidential debate, scheduled for Friday in Oxford, MS.

Also:

The increasing use of smartphones and social networking Web sites leads some to speculate that the market for fantasy sports will grow.

The results of a new study by the Pew Internet and American Life Project show that many American workers have mixed feelings about the increased use of e-mail, cell phones, and the Internet in recent years.

Lance Armstrong announces that he is returning to cycling to raise cancer awareness.

A new ad campaign for CoverGirl will feature Ellen DeGeneres in an attempt to reach consumers looking for a model they can identify with both physically and emotionally.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.