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National News

Bank on this: Bank failures will rise in next year


Pedestrians walk past a bank branch located in the headquarters building for Washington Mutual Inc. in downtown Seattle, Thursday, Oct. 2, 2008. JPMorgan Chase & Co. took over WaMu last week. Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial markets.

SAN FRANCISCO (AP) _ Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry.



The biggest question is how many will perish and how they will be put out of their misery — in outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sales made under government pressure.



Enfeebled by huge losses on risky home loans, the banking industry is now on the shakiest ground since the early 1990s, when more than 800 federally insured institutions failed in a three-year period. That was during the clean-up phase of a decade-long savings-and-loan meltdown that wound up costing U.S. taxpayers $170 billion to $205 billion, after adjusting for inflation.



The government's commitment to spend up to $700 billion buying bad debts from ailing banks is likely to save some institutions that wou

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Simpson isolated in jail, focuses on future appeal

October 6, 2008

LAS VEGAS (AP) _ O.J. Simpson is being isolated from other prisoners for his own safety but continues to hope for a new trial and a strong bid to reverse his conviction for kidnapping and robbery, his

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Simpson jury: We didn't need witnesses to convict

October 6, 2008

LAS VEGAS (AP) _ Jurors who convicted O.J. Simpson of armed robbery and kidnapping said Sunday that they did not trust witness testimony and instead relied on recordings and other documented evidence

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No turtles, chicks or exotic pets for youngsters

October 6, 2008

CHICAGO (AP) _ Warning: young children should not keep hedgehogs as pets — or hamsters, baby chicks, lizards and turtles, for that matter — because of risks for disease.



That's accordin

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Saintly surfers praise divine waves in California

October 6, 2008

HUNTINGTON BEACH, California (AP) _ He may not be able to walk on water, but when the mood strikes, Father Matthew Munoz can ride one gnarly wave all the way into the beach.



So Sunday a

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American Airlines considers a la carte pricing

October 6, 2008

FORT WORTH, Texas (AP) _ The idea of paying a single, simple fare to fly on an airliner is becoming as quaint as stewardesses in short skirts.



American Airlines is about to accelerate t

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