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Bush proposes $500 billion takeover to fix financial crisis Move is welcomed warmly by investors (Republican-American)

WASHINGTON — Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.

Bailout Plan Talks Advance in Congress (The Hendersonville Times-News)

Discussions with the Bush administration have addressed measures such as increased oversight and aid for homeowners at risk of foreclosure.

Top Scoops (Scoop.co.nz)

Politics is like being a football coach. You've got to be smart enough to play the game and dumb enough to think it is important -- Eugene McCarthy

Economic Bailout Plan Boosts Stocks (The Lakeland Ledger)

Struggling to calm a financial hurricane, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag - a takeover of hundreds of billions of dollars in worthless mortgages and other bad debt.

Waiting years for clean water (Lexington Herald-Leader)

CAMP BRANCH . A narrow green rubber hose winds its way through thick trees in an Eastern Kentucky hollow, past hives of swarming honeybees and around a rusted shed, then disappears into Vina Lucas' house. It carries water from a natural spring into Lucas' five-room home on Mandrill Drive. Although the water has not been tested for toxins such as sulfur, iron and sewage and leaves a ...