First Slice September 26 2008
MELTDOWN: Bailout talks crumbled Thursday night when House Republicans announced they won't back the plan because it offends free-market absolutism. McCain, who made a fuss this week about injecting himself into the negotiations, was largely silent as the Republican revolt ripped apart consensus. Talks resume today, and Bush promised this morning that a bailout package will be passed.
THE REELING IS MUTUAL: Washington Mutual becomes the largest bank to fail in U.S. history as it's seized by the federal government and sold to J.P. Morgan Chase.
DEBATE AND SWITCH: Obama's in Oxford, Miss., the site of tonight's first presidential debate of the general election; McCain is still sending mixed messages about whether he'll attend, although surrogate Lindsey Graham hinted this morning that McCain may be there after all. And despite McCain's announced suspension of his campaign, ongoing TV commercials, a speech in New York and media interviews make it seem rather unsuspended.
OIL FOR FEUD: Tex Pitfield, an oilman whose name wouldn't allow him any other line of work, has asked Gov. Perdue to cancel the Georgia-Alabama game because of the gas shortage. Perdue's office calls the suggestion "ridiculous," and urges people to take common-sense measures, presumably such as stealing gas from Alabama fans. UGA officials have asked fans who can't make it to Athens and back on one tank, however, not to come.
LONG SHORTAGE: The Washington Post breaks down the regionwide fuel crisis that's hamstrung the Southeast.
WILD BLUE HITHER: GeorgiaSkies, a new airline launched by Pacific Wings, will offer intrastate flights among Atlanta, Athens and Macon starting Monday.
(SUNK) LIKE A ROCK: The abrupt closure of all Bill Heard Chevrolet dealerships on Wednesday, which the company blames on the economy and gas prices, has left many customers in limbo.