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   Web Issue 3241 September 8 2008   
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US Government takes over Fannie Mae and Freddie Mac
The US government took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a government "conservatorship" to help avert a financial system meltdown from the housing crisis. continued...
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HEADLINE NEWS
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Brown launches fightback with help for families
Gordon Brown today launches a deeply personal fightback to save his premiership by drawing on his experience of overcoming near blindness and by acknowledging some people have been failed by a decade of a Labour government.
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£2800bn bail-out of US mortgage giants
The United States government embarked on the biggest bail-out in its history yesterday when it confirmed the takeover of mortgage giants Fannie Mae and Freddie Mac in a bid to stem further economic fallout from the ongoing housing crisis.
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US mortgage crisis that leaves many here facing anxious wait
ANALYSIS: With problems in the American sub-prime mortgage market already blamed for many of the UK’s economic woes, economists and politicians here will be watching anxiously to see what impact the latest crisis has on this side of the Atlantic.
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High spirits and smiles as thousands join in Great Scottish Run
For some it was the culmination of months spent in training, while others were happy just to have crossed the finishing line.
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New digital TV channel may resolve ‘Scottish Six’ dilemma
A new Scottish digital television channel similar to the new publicly funded Gaelic station is expected to be announced by the Broadcasting Commission when it reports today.
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Brown’s cosy relationship with unions set to be ripped apart
ANALYSIS: It is hard to think of a single Labour cabinet minister, with the possible exception of John Prescott, who has spent more time courting the trade union movement than Gordon Brown.
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Conservative win would ‘fuel support for independence’
The independence referendum planned for 2010 is “there to be won” the SNP claimed yesterday, after a poll showed a majority of Scots would vote in favour if they came under a Conservative government at Westminster.
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Cabinet holds first meeting outside London since 1921
The Prime Minister will convene his Cabinet in Birmingham today, the first time it has met outside London since Lloyd George’s premiership in 1921.
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MAIN BUSINESS
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Private sector economy declines at record rate
The Scottish private sector economy decelerated last month at its steepest rate in over a decade, as the gap widened between the slowest and fastest declining economic regions of the UK.
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McLaren shapes up to fight slowdown
A whisky industry move towards distinctive bottle-shaped cartons for spirits is helping one Scottish supplier fight the slow-down.
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Pension industry voices fears over local income tax
Scotland's pensions industry could face significant complications and cost burdens from a local income tax, a leading insurer has said.
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MAIN SPORT
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Mutai breaks rivals and the record
Emmanuel Mutai, the 23-year-old Kenyan, coasted to victory in the 21st freshnlo Great Scottish Run Half Marathon in Glasgow yesterday, smashing the course record in the process.
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Iceland is must-win game, says Fletcher
The greater challenge has become more complex but the immediate aim has at least been simplified. Scotland must win in Iceland to maintain a credible challenge for World Cup qualification.
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limp Scots wilt in heat
Macedonia 1 - 0 Scotland: Forget the forensics for a moment: if Scotland are not equipped to beat Macedonia in a building site of a stadium, there is no prospect of joining the ensemble cast in South Africa in two years’ time.
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Without conviction, Burley risks becoming easy target for ridicule
The knives are out already for George Burley. His crime? Optimism. Saturday’s 1-0 defeat to Macedonia confirmed, in a competitive environment, what many observers feared after three flaccid friendlies: that the national team are beginning to reflect the lack of conviction demonstrated by the manager.
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Khan bout a route to recovery for Arthur
There are only two questions to ask a boxer after a fight: how are you and where next? The latter is posed with a sincerity that the former lacks.
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McGlynn follows in the tracks of Hoy
Chris Hoy may have long left Beijing – bound for home and predicted riches on a gold-tipped jumbo jet – but his forceful influence is still being felt at the Laoshan velodrome.
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City derby a splendid advertisement for Scottish club game
Watsonians 35 - 28 Heriot's: There has been so much negativity and depression surrounding Scottish club rugby in recent seasons that one could be forgiven for imagining that the Premiership had employed Cassandra to handle their PR.
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SATURDAY ESSAY
Ian Bell on the global energy crisis and where it may be leading us
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