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The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Stocks started plummeting on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.

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JIM CONRAD’S NATURALIST NEWSLETTERWritten in Sabacché and issued from a “ciber” inTekit, Yucatán, MÉXICO

September 29, 2008

*****

BIRD FEAST, COURTESY OF ARMY ANTSLast Monday our rainy-season drought came to an end;suddenly the weather is exactly as it should be, mostmornings very humid and fairly cloudy, storms buildingin the afternoons, a brief electrical storm around 4PM, then drizzle [...]

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Bank crisis overshadows defense in first debate

Barack Obama and John McCain clashed sharply over tax cuts and congressional spending Friday night as they faced off in their first head-to-head debate.

Congress races to reach bailout deal before Monda

September 25, 2008 9:22 PM EDT The FDIC has seized control of Washigton Mutual (NYSE: WM) and struck a deal with JPMorgan (NYSE: JPM) to buy the bank’s deposits and branches. WaMu was the country’s largest savings and loan and its fall will be by far the largest bank failure in U.S. history.

Regulators said WaMu has [...]

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Bank stocks back down

Bank stocks took another beating Monday as the financial markets continued to try and determine what exactly the federal government’s proposed $700 billion bailout will mean.

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