WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac despite their robust cadre of economists and mortgage experts failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.

The next big hurricane could leave the state not merely damaged but in financial ruin
WASHINGTON - The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy.
TRENTON, N.J. - In a new and disturbing twist on the obesity epidemic, some overweight teenagers have severe liver damage caused by too much body fat, and a handful have needed liver transplants.
WASHINGTON - Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
CAMAGUEY, Cuba - Hurricane Ike roared across low-lying islands and bore down on Cuba, destroying homes, sweeping away boats and bringing more rain to waterlogged communities in Haiti, where it killed 48 more people.
WASHINGTON John McCain made a quick stop at the Capitol one day last spring to sit in on Senate negotiations on the big immigration bill, and John Cornyn was not pleased.
PORTLAND, Maine - When the 1,020-foot Explorer of the Seas cruises through North Atlantic waters next year, it'll spend more time off the coast of New England and less time near Canadian shores, and it's not because of better vistas.
Barack Obama says his answer about abortion at the Saddleback Church forum was “probably” too flip.
Under pressure for being shielded for questioning, Sarah Palin has a agreed to sit down with Charles Gibson of ABC’s “World News Tonight,” according to an ABC News official.
DUBLIN, Ohio - As Barack Obama paces before 15,000 people with a hand-held microphone, it's easy to assume his 30-minute talk is more or less a free-associating string of talking points and applause lines.

The next big hurricane could leave the state not merely damaged but in financial ruin
CAMAGUEY, Cuba - Hurricane Ike roared across low-lying islands and bore down on Cuba, destroying homes, sweeping away boats and bringing more rain to waterlogged communities in Haiti, where it killed 48 more people.
Under pressure for being shielded for questioning, Sarah Palin has a agreed to sit down with Charles Gibson of ABC’s “World News Tonight,” according to an ABC News official.
NEW YORK - Republican vice presidential candidate Sarah Palin has agreed to sit down with ABC's Charles Gibson later this week for her first television interview since John McCain chose her as his running mate more than a week ago.
NEW YORK - When reports circulated over the weekend of a last-minute deal to keep Coney Island's historic Astroland amusement park open for another year, owner Carol Hill Albert was not amused.
Sept. 7 (Bloomberg) -- Republican presidential candidate John McCain defended his running mate, Sarah Palin, as having a ``clear record of doing what America wants,'' while Democrat Barack Obama said her policies aren't much different from those of President George W. Bush.
WASHINGTON - President Bush said Sunday that the historic federal government takeover of mortgage giants Fannie Mae and Freddie Mac is needed to keep them from failing, a risk he called "unacceptable" for an economy battered by housing and credit crises.
PORTLAND, Maine - When the 1,020-foot Explorer of the Seas cruises through North Atlantic waters next year, it'll spend more time off the coast of New England and less time near Canadian shores, and it's not because of better vistas.
Los Angeles (E! Online) - Pete Wentz and Ashlee Simpson-Wentz could find themselves facing another round of twin rumors.
ALBUQUERQUE, N.M. - Barack Obama isn't John McCain's only opponent. Sometimes McCain sounds like he's running almost as hard against President Bush and the Republican Party as he is against Obama, his Democratic rival for the White House.

WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac despite their robust cadre of economists and mortgage experts failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.
SYDNEY (AFP) - Australian koalas are dying by the thousands as a result of land clearing in the country's northeast, while millions of birds and reptiles are also perishing, conservation group WWF said Sunday.
PHILADELPHIA - A longtime power broker in Pennsylvania politics earned nearly $100,000 a year as a state senator, up to $1 million a year as a rainmaking lawyer and millions more from the sale of a family bank.
LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown.
BAGHDAD - A kidney specialist who fled Iraq's bombings, kidnappings and sectarian killings 20 months ago has reported back to work at his Baghdad hospital one of some 800 doctors who have returned over the summer.
BEIJING - China will launch its third manned space mission in late September, featuring its first-ever space walk, a state news agency said.
CARACAS (Reuters) - Several Russian ships and 1,000 soldiers will take part in joint naval maneuvers with Venezuela in the Caribbean Sea later this year, exercises likely to increase diplomatic tensions with Washington, a pro-government newspaper reported on Saturday.
TORONTO (AP) The Coen brothers' new movie gave John Malkovich a chance to blow off some steam. Malkovich's seething character in "Burn After Reading" bursts out in perpetual tantrums, a nice exercise in anger management, according to the actor.
LOS ANGELES (Hollywood Reporter) - Tobey Maguire and "Spider-Man" director Sam Raimi plan to reunite for the fourth and fifth installments of Columia Pictures' comic book franchise, dispelling speculation that a new actor would play the crime-fighter.
GONAIVES, Haiti - Haitians took to their roofs to escape rising floodwaters Sunday for the second time in a week as squalls from Hurricane Ike added insult to their misery, inundating homes and collapsing a bridge on the last open land route for aid to the desperate city.
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