Thursday, October 9, 2008 Last Update: 7:02 AM ET
Breaking News 7:01 AM ET:

Jean-Marie Gustave Le Clézio Wins Nobel Prize in Literature

U.S. May Take Ownership Stake in Banks

Treasury Dept. Would Hope to Spur Lending

By EDMUND L. ANDREWS and MARK LANDLER

Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash into banks that request it.

  • Q & A: The Fed’s Rate Cut
  • Times Topics: Credit Crisis — The Essentials
  • Comment
Stocks Gain in Europe, but Asian Shares Are Mixed
By DAVID JOLLY and BETTINA WASSENER 1 minute ago

Stocks gained in Europe a day after central banks joined in coordinated action to cut borrowing costs, but investors said credit was hard to come by.

Taking Hard New Look at a Greenspan Legacy
Stephen Crowley/The New York Times
The Reckoning
Taking Hard New Look at a Greenspan Legacy
By PETER S. GOODMAN

Derivatives have long had a great supporter in the former Federal Reserve Chairman Alan Greenspan.

Brendan Smialowski for The New York Times

Treasury Secretary Henry Paulson after a news conference.

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Echoes of a Dismal Past

Floyd Norris and Louis Uchitelle compare the crisis to the Great Depression.

U.S. Study Is Said to Warn of Crisis in Afghanistan
By MARK MAZZETTI and ERIC SCHMITT

A draft report by U.S. intelligence agencies casts serious doubt on the ability of the Afghan government to stem the Taliban’s rise.

Three Chemists Win Nobel Prize
By KENNETH CHANG

One Japanese and two American scientists won this year’s prize for their work on observing cells.

2008 Campaign

G.O.P. Facing Tougher Battle for Congress
By CARL HULSE and DAVID M. HERSZENHORN

The economic turmoil is threatening to topple Republican candidates, putting more seats within Democratic reach.

States’ Actions to Block Voters Appear Illegal
By IAN URBINA

Tens of thousands of voters in at least six swing states have been removed from rolls or blocked from registering.


 
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Within Berlin, a Modern Suburban Home

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A Smooth 35-Year RideJerry Hirsch has owned more exotic cars, but his 1973 BMW 2002 stands out for its distinctive simplicity.

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A Consultant’s LifeConsultants lead lives with much less structure and much more risk.

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Korea Aims to End Stigma of Adoption
Korea Aims to End Stigma of Adoption
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Her Company Grown Up, Director Says Goodbye
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Robert B. Reich: Saved by the Deficit?
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