Wednesday Evening Update – Terror in India, Plot in U.S., More Economic News

Terrorism

• Dozens reported dead in Mumbai attacks – New York Times
• Mumbai rocked by deadly shootings - BBC

• Little known group claims responsibility for Mumbai attacks – Associated Press
• Report of terror threat on NY subways – New York Times
• New York Warns of Al-qaeda attack – Reuters

MySpace Trial

• MO mom convicted in MySpace trial – Washington Post
• Jury delivers mixed verdict in MySpace bullying trial – Los Angeles Times

Economic News

• Obama names Volcker to head panel on economy – Bloomberg
• The $800 billion pick-me-up for consumer credit – Motley Fool
• Fed risks ’spitting in the wind’ - Bloomberg

Transcript: President-Elect Barack Obama News Conference | The Economy and Paul Volcker | November 26, 2008

(Source: CNN)

(JOINED IN PROGRESS)

BARACK OBAMA (D), PRESIDENT-ELECT: … It has been increasingly clear in recent months, and we saw some additional reports this morning, that we’re facing an economic crisis of historic proportions. And at this defining moment in our nation’s history, the old ways of thinking and the old ways of acting just won’t do. We’re called to seek fresh thinking and bold new ideas from the leading minds across America. Read more