Mahalo.com: Human-powered Search

Mahalo's Guide to NFL Week 6

Posted By: 20081012230800

This page contains the schedule and other news and information pertaining to the sixth week of the 2008 season in the National Football League. The games will be played on Sunday October 12 and Monday October 13.

Fast Facts

Anquan Boldin may still play vs. Cowboys
Travis Henry arrested and released from jail
Jason Taylor returns to practice

Match-ups

Week 6 marks the third straight week during which several teams have their bye week. This means that the Bills, Chiefs, Steelers, and Titans will not play. The doubleheader belongs to FOX this week. For long time followers of the league, one of the games will sound weird: Baltimore at Colts. Another key contest features the growing rivalry in the NFC South as the Tampa Bay Buccaneers play host to the Carolina Panthers. Also, Seattle and coach Mike Holmgren host his former team Green Bay in a rematch of last year's NFC Division Round game. Speaking of rematches from last year's post-season, the Sunday night contest involves a replay of the AFC Championship Game as the San Diego Chargers face the New England Patriots, and on Monday in primetime, the defending Super Bowl champion New York Giants travel to Cleveland to face the Browns.

Children's tale "City of Ember"

Posted By: 20081011195700

The first official trailer for City of Ember was released in May 2008. City of Ember is a fantasy film starring Bill Murray, Tim Robbins, Toby Jones and directed by Gil Kenan. Based on the 2003 novel by Jeanna Duprau of the same name, City of Ember hit theaters on October 10, 2008.

Fast Facts

Official trailer released May 2008
Based on 2003 novel by Jeanna Duprau
Director: Gil Kenan
Producers: Gary Goetzman, Tom Hanks
Film released in theater October 10, 2008

Related Pages on Mahalo

Dodgers try to bounce back in NLCS

Posted By: 20081011195500

The Philadelphia Phillies defeated the Los Angeles Dodgers in the first game of the 2008 National League Championship series by the score of 3-2. Dodgers Pitcher Derek Lowe hadn't ever given up home runs to Chase Utley or Pat Burrell, but they both struck gold on Thursday night in the sixth inning to give the Phillies the lead.

In the second game the Philadelphia Phillies defeated the Los Angeles Dodgers by the score of 8-5.

The Dodgers defeated the National League Central champions the Chicago Cubs in a 3 game sweep in the 2008 National League Division Series.

The Phillies defeated the wild card champion Milwaukee Brewers 3 games to 1 in the other series.

The winner of the seven game series heads to the World Series to face the winner of the American League Championship Series.

Fast Facts

Dodgers defeated the Chicago Cubs
Phillies defeated the Milwaukee Brewers
Dodgers are the National League West Champions
Phillies are the National League East Champions
Dodgers World Series Titles: 6
Dodgers NL Pennants: 21
Dodgers West Division Titles: 9
Phillies World Series Titles: 1
Phillies NL Pennants: 5
Phillies East Division Titles: 8

2008 NLCS Schedule

Best of Seven Series
Game 1 Dodgers at Phillies Oct. 9 8:22 pm FOX
- Final Score: Dodgers 2 - Phillies 3
Game 2 Dodgers at Phillies Oct. 10 4:35 pm FOX
- Final Score: Dodgers 5- Phillies 8
Game 3 Phillies at Dodgers Oct. 12 8:22 pm FOX
Game 4 Phillies at Dodgers Oct. 13 8:22 pm FOX
Game 5* Phillies at Dodgers Oct. 15 8:22 pm FOX
Game 6* Dodgers at Phillies Oct. 17 8:22 pm FOX
Game 7* Dodgers at Phillies Oct. 18 8:22 pm FOX
- * If neccessary

Dodgers Projected Starting Line Up

Phillies Projected Starting Line Up

Jimmy Rollins- SS
Chase Utley- 2B
Jason Werth- RF
Ryan Howard- 1B
Pat Burrell- LF
Shane Victorino - CF
Greg Dobbs- 3B
Carlos Ruiz - C
Pitcher's Spot

2008 NLDS Results

Phillies Brewers
- Phillies won series 3 games to 1
1. Brewers at Phillies 10 / 1 / 08
- Final Score: Phillies 3 - Brewers 1
2. Brewers at Phillies 10 / 2 / 08 6:00 PM
- Final Score: Phillies 5 - Brewers 2
3. Phillies at Brewers 10 / 4 / 08
- Final Score: Brewers 4 - Phillies 1
4. Phillies at Brewers 10 / 5 / 08
- Final Score: Phillies 6 - Brewers 2

Cubs Dodgers
- Dodgers won series 3 games to 0
1. Dodgers at Cubs - 10 / 1 / 08 6:30 PM
- Final Score: Dodgers 7 - Cubs 2
2. Dodgers at Cubs - 10 / 2 / 08 9:30 PM
- Final Score: Dodgers - 10 Cubs - 3
3. Cubs at Dodgers - 10 / 4 / 08
- Final Score: Dodgers - 3 Cubs - 1

Related Pages on Mahalo

Hurricane Norbert hits Mexico

Posted By: 20081011194700

Hurricane Norbert hit Puerto Charley of Baja California as a category two hurricane before weakening to a category one as it entered the Gulf of California. It is expected to make its second landfall over Loreto, Mexico the evening of October 11, 2008.

Fast Facts

Downgraded to category 1 storm October 9, 2008
Formed in east Pacific Ocean
Made first landfall over Puerto Charley, Baja California
Second landfall is expected over Loreto, Mexico
Maximum sustained winds: 90 mph

Related Pages on Mahalo

Hurricane Hanna | Mexico | Pacific Ocean

Jose Canseco busted smuggling HCG

Posted By: 20081011194000

Former major league baseball player Jose Canseco was detained at the Mexican border for more than nine hours on October 9, 2008, for attempting to smuggle human chorionic gonadotropin (hCG) into the United States. HCG is a natural hormone used by anabolic steroid users.

Fast Facts

Canseco was with girlfriend Heidi Northcutt when detained
He had to consent to a search of his home before he was released
The search of Canseco's home did not produce additional evidence
Canseco testified to Congress about his steroid use 2005, and discussed steroid use in major league baseball in his best-selling book Juiced
Canseco will appear before a federal judge in Los Angeles on October 14, 2008

About hCG

HCG is a human hormone produced by pregnant women. A test determining the presence of hCG is used to determine if a woman is pregnant, or as a screening for possible birth defects such as Down syndrome. It is also used by some as part of a weight loss regimen.

HCG stimulates testosterone production. Anabolic steroids imitate testosterone, and must be taken in cycles to stave off testicular atrophy; injecting hCG restarts natural testosterone production after a user has come off a steroid cycle. It is banned by the World Anti-Doping Angency and is illegal without a prescription.

Related Pages on Mahalo

Tim Robbins gets a star

Posted By: 20081011162800

Actor Tim Robbins received the 2,371st star on the Hollywood Walk of Fame at a ceremony on October 11, 2008.. The Walk of Fame was established in 1958 by the Hollywood Chamber of Commerce as a way to honor local personalities.

The Hollywood Reporter asked whether Robbins' controversial political stances made him a difficult choice, but the Hollywood Chamber of Commerce had no doubts.

Fast Facts

Robbins received a best supporting actor Oscar for his 2004 role in Mystic River
The star is next to that of his longtime partner Susan Sarandon
Other film actors receiving a Walk of Fame star in 2008 included Angela Bassett, Cate Blanchett, Stan Lee, and the Munchkins.

Quotes

"We're thrilled to honor actor Tim Robbins for his longtime accomplishments in the movie arena. His star ceremony also celebrates his 50th birthday and will be next to the star of his partner, Susan Sarandon."--Ana Martinez-Holler, Hollywood Chamber of Commerce

Breaking Celebrity News

Daniel Craig admits plastic surgery

Lindsay Lohan faces threats

Angelina Jolie Breastfeeding Photos

Lil Kim Faces Lawsuit

David Duchovny Rehab Release

Related Pages on Mahalo

Bon Jovi sued by Red Sox fan

Posted By: 20081011153600

Rock musician Jon Bon Jovi is being sued for $400 billion in federal court by a Boston Red Sox fan who claims Bon Jovi ripped off lyrics he had written for use in his own song. Samuel Bartley Steele wrote the song “(Man I Really) Love This Team”, an ode to the Boston Red Sox, in the fall of 2004.

Steele claims that Bon Jovi heard his song while campaigning for John Kerry in Boston when the Red Sox were in the World Series, then used lyrics in his own song, "I Love This Town."

Fast Facts

Bon Jovi being sued for $400 billion for plagiarism
Samuel Bartley Steele claims Bon Jovi stole lyrics from his song "(Man I Really) Love This Team"
Song written as ode to Boston Red Sox
Lyrics used for Bon Jovi song "I Love This Town"
Bon Jovi was in Boston area around World Series, campaigning for John Kerry in 2004
Steele member of the Massachusetts band, The Chelsea City Council

Related Pages on Mahalo

Jon Bon Jovi | Boston Red Sox | Boston | Plagiarism

Reggae Star Alton Ellis Dead

Posted By: 20081011142100

Reggae singer and the "Godfather of rocksteady" Alton Ellis died on October 10, 2008, in a London hospital. According to his family, Ellis died peacefully at the age of 70 after a long battle with cancer.

Fast Facts

Died on October 10, 2008
Was hospitalized in London for the weeks prior to his death
Age 70
Survived by over 20 children
May receive a state funeral in Jamaica
Continued to perform through August of 2008

Godfather of Rocksteady

Ellis began performing in the 1950s in his native Jamaica. After moving to the United States in the 1960s, he released his first two albums, Mr Soul Of Jamaica and Sings Rock and Soul in 1967. Ellis released perhaps his most popular song, "I Am Still In Love," in 1977 on his own record label. Following a stay in Canada, Ellis moved to London, where he lived and performed up until August of 2008.

Music News

Related Pages on Mahalo

3 dead in U.S. missile strike

Posted By: 20081011133400

According to Pakistani intelligence officials, two missile strikes killed at least three people in Waziristan province of Pakistan, an area known for its associations with Al Qaeda and the Taliban.

People saw two unnmanned spy drones above the town of Miran Shah minutes before missiles hit a compound said to belong to Taliban militant Omar Daraz.

Fast Facts

Officials suspect the US has conducted at least 11 missile strikes in Pakistan since mid-August
Several Taliban and Al Qaeda bases are in the North Waziristan region
No confirmation from official U.S. sources on any of the attacks

Related Pages on Mahalo

Fire in Napa Valley

Posted By: 20081011125400

A wildfire in California's Napa County continues to threaten homes and wineries on October 11, 2008, after burning 300 acres of scrubland and two buildings.

Over 1500 firefighters from across the state battled the fire overnight, hampered by strong winds and dry conditions

Fast Facts

Started: Deer Park area of Napa County, California, on October 10, 2008
Cause: under investigation
Fire 40% contained as of October 11, 2008, but warnings continue
Evacuations: residents from more than 100 homes
Several roads are closed in the area

Related Pages on Mahalo

Lisa Marie gives birth

Posted By: 20081011125400

Lisa Marie Presley gave birth to twins on Tuesday, October 7, 2008. People magazine says the baby girls were delivered via C-section. The twins are the first children for Presley and her husband, musician Michael Lockwood.

Fast Facts

Lisa Marie Presley is the daughter of Elvis Presley
She is a singer/songwriter
Married to Michael Lockwood
Gave birth to twin baby girls on October 7, 2008
Babies weighed 5 lbs., 15 oz. and 5 lbs., 2 oz.
Previous husbands: Danny Keough, Michael Jackson, and Nicolas Cage
Has a daughter, Riley, and a son, Benjamin, with Danny Keough

Quotes

"She wanted it really to be kept a secret for a long time, you know, and I think women should, because they should be able to announce what they're having and when it's time to make the announcement."—Priscilla Presley

450 ill in China

Posted By: 20081011123400

450 people in China are suffering from sickness as a result of tainted water, and some have been diagnosed with arsenic poisoning. Heavy rain caused waste water with arsenic from Jinhai Metallurgy Chemical company to overflow and pollute ponds and wells. The company was closed after the contamination was found. Some of the sick are being kept in a hospital for observation.

Fast Facts

Symptoms were facial swelling, vomiting and blurred vision
Residents can be cured in 9 to 15 days with treatment
Tainted milk in China left 50,000 children sick in September 2008
China has 16 of the world's 20 most heavily polluted cities

Related Pages on Mahalo

China | Cadbury Recall | China Tainted Baby Milk

Joerg Haider dies in crash

Posted By: 20081011122500

Controversial Austrian politician Joerg Haider died in a car crash on Saturday, October 11, 2008.¹ The 58-year-old was the governor of the province of Carinthia and the leader of the Alliance for the Future of Austria.²

Fast Facts

Birth place: Bad Goisern, Upper Austria³
Born: January 26, 1950
Died: October 11, 2008
Governor of Carinthia province
Leader of Alliance for the Future of Austria¹
Had a reputation for sympathizing with Hitler²
Denied accusations that he was pro-Nazi¹
Was killed when car veered off the road near Klagenfurt, southern Austria
Car overturned several times
Authorities said there were no signs of foul play¹
Survived by wife, two daughters and his 90-year-old mother

Related Pages on Mahalo

Austria | Krimmler Falls | Salzburg | Vienna | Adolf Hitler

This Week's College Football Scores

Posted By: 20081011114100

Each week from Wednesday to Saturday, dozens of college football teams meet across the country on the field. The outcome of these games in part determine the teams' standings in the AP College Football Poll, the USA Today Coaches Poll and the BCS Standings.

Be sure to bookmark this page as it will be updated with scores from top Division I games each week.

Fast Facts

NCAA Division I teams: 119
Total NCAA football teams: 619
Games played each week from Wednesday to Saturday
Teams play within 11 conferences, or as an independent

Week Seven Top Games

In the annual Red River Rivalry, the top ranked Oklahoma Sooners were defeated by the fifth ranked Texas Longhorns Saturday in Dallas, Texas, with a final score of 45 to 35.

The #11 Florida Gators will host the fourth ranked LSU Tigers Saturday evening. LSU, who has won three of the last four meetings, hopes to retain their fourth rank, but have to defend against the 2007 Heisman Trophy winning Florida quarterback Tim Tebow.

Week Six Top Games

In a repeat of last week, another ranked team was upset by an unranked team on October 2, 2008, as the Pittsburgh Panthers defeated the #10 South Florida Bulls.

In other notable October 4, 2008, games, Ohio State defeated Wisconsin, Oregon fell to USC and Auburn was upset by Vanderbilt.

Week Five Top Games

In what commentators have been calling "upset week," six ranked teams were defeated by unranked opponents during week five. Top ranked USC was upset by Oregon State, 27-21. Ole Miss defeated the fourth ranked Florida, Michigan came back from a 19-point deficit to beat Wisconsin and the third ranked Georgia lost to Alabama at home.

The Latest in NCAA Football

Top ranked Sooners upset by the fifth ranked Longhorns in the Red River Rivalry

Badgers band suspended from playing at the Ohio State Wisconsin Game, Badgers fall to the Buckeyes 20-17

USC tops Oregon 44 to 10, Vanderbilt upsets Auburn 14 to 13

Oklahoma, LSU, Missouri and Alabama stay atop the AP Poll and Coaches Poll, Ball State ranked for the first time

Check out Mahalo's College Football Scores for a recap of this week's games!

Related Pages on Mahalo

Nuggets vs. Suns in Outdoor NBA Game

Posted By: 20081011093600

The Phoenix Suns and the Denver Nuggets will meet on October 11, 2008, for a pre-season contest in the first outdoor NBA game held in the United States. The game, officially called the AutoTrader.com Open, will be held at Indian Wells Tennis Garden in Indian Wells, California.

Fast Facts

Date: October 11, 2008
Time: 7:00 p.m.
Location: Indian Wells Tennis Garden, Indian Wells, California
Television coverage: TNT
First outdoor NBA game played in the U.S.
Teams: Denver Nuggets vs. Phoenix Sun

Previous Outdoor NBA Game

Although the NBA has played outdoors once before, this will be the first outdoor game to take place in the United States. On September 24, 1972, the Phoenix Suns played the Milwaukee Bucks at an outdoor baseball stadium in San Juan, Puerto Rico. The Suns defeated Kareem Abdul-Jabbar and Oscar Robertson of the Bucks with a score of 116-103.

Quote

“The Suns and the Nuggets are truly excited to bring NBA basketball to Indian Wells in what promises to be the most picturesque setting for an NBA game in league history..."--Rick Welts, President of the Phoenix Suns

Related Pages on Mahalo

Longhorns win the Red River Rivalry

Posted By: 20081011092000

The Red River Rivalry is an annual college football game between Big 12 Conference rivals the Texas Longhorns and the Oklahoma Sooners. Dating back to 1900, it is considered one of the great rivalries in college football. Texas upset Oklahoma at the 2008 Red River Rivalry game with a score of 45 to 35.

Fast Facts

2008 Red River Game: October 11, 11:00 a.m. CST
2008 score: Texas 45 - Oklahoma 35
Initiated: 1900
Formerly called the "Red River Shootout"
Named after the Red River, which borders Oklahoma and Texas
Texas leads the head-to-head match-up 57-40
The game has ended in a tie five times
Winning team receives the Golden Hat

2008 Red River Game

The top ranked Oklahoma Sooners faced the fifth ranked Texas Longhorns on October 11, 2008, at 11 a.m. CST. Both teams entered with a five game unbeaten streak in the 2008 season. Analysts at FOX Sports suggest that the winner of this game, Texas, will win the Big 12 Championship and more than likely play in the BCS Championship Game on January 8, 2009, in Miami, Florida.

Notable Players

Location

In 1912, Dallas was chosen to host the Red River Rivalry because of its central location, halfway between the respective campuses in Austin, Texas, and Norman, Oklahoma. Since 1929, the game has been held at the Cotton Bowl Stadium during the first weekend of October.

The Latest in NCAA Football

Top ranked Sooners upset by the fifth ranked Longhorns in the Red River Rivalry

Badgers band suspended from playing at the Ohio State Wisconsin Game, Badgers fall to the Buckeyes 20-17

USC tops Oregon 44 to 10, Vanderbilt upsets Auburn 14 to 13

Oklahoma, LSU, Missouri and Alabama stay atop the AP Poll and Coaches Poll, Ball State ranked for the first time

Check out Mahalo's College Football Scores for a recap of this week's games!

Related Pages on Mahalo

#11 Florida takes on # 4 LSU

Posted By: 20081011083400

The #11 Florida Gators defeated the fourth ranked LSU Tigers on October 11, 2008, with a score of 51 to 21. The game began at 8:00 p.m. EST at Ben Hill Griffin Stadium in Gainesville, Florida.

Fast Facts

#11 Florida Gators defeated the #4 LSU Tigers, 51-21
Date: October 11, 2008
Time: 8:00 p.m. EST
Television coverage: CBS
Both teams play in the SEC Conference
Overall record: Florida 28, LSU 23, three ties
LSU enters with a 4-0 record, Florida 4-1

Knocking out Tebow?

Nearly a week before the game, LSU tackle Ricky Jean-Francois spoke publicly about his team's plans to knock Heisman Trophy-winning Florida quarterback Tim Tebow out of the game. Jean-Francois later clarified his statement, claiming that the team has no intention of injuring any player, he was just describing the LSU style of play. Jean-Francois however did not play in the game with a groin injury.

Recent Games

2007: LSU 28 - Florida 24
2006: Florida 23 - LSU 10
2005: LSU 21 - FLorida 17
2004: LSU 24 - Florida 21
2003: Florida 19 - LSU 7
2002: LSU 36 - Florida 7
2001: Florida 44 - LSU 15
2000: Florida 41 - LSU 9
1999: Florida 31 - LSU 10
1998: Florida 22 - LSU 10

Related Pages on Mahalo

GM and Chrysler to merge?

Posted By: 20081010223300

General Motors and Chrysler, giants of the once-dominant American auto industry, are considering a merger. Preliminary talks were first reported on October 10, 2008, and were said to involve Cerberus Capital Management, which owns over 80% of Chrysler stock and nearly 50% of GM. Possibilities are reported to include the acquisition of Chrysler by GM.

Fast Facts

First reported on October 10, 2008
News of merger came after worst week on Wall Street since at least 1933
GM, Chrysler and Ford are knows as "The Big 3" U.S. auto makers
Both companies, as well as Ford, may face bankruptcy

Related Pages on Mahalo

General Motors | Chrysler | Ford

McCain defends Obama at rally

Posted By: 20081010183700

During a campaign rally in Lakeville, Minnesota, for John McCain on October 10, 2008, the Arizona senator was forced to defend his opponent after several comments from McCain supporters. Gayle Quinnell stood in front of McCain with a microphone and said that she couldn't trust Barack Obama because "he's an Arab." McCain corrected Quinnell as well as another supporter who said he'd be afraid to raise a child during an Obama presidency.

Fast Facts

McCain defended Obama, calling him a "decent man"
Obama is a Christian
The rally took place in Lakeville, Minnesota
Much of the crowd booed after McCain asked his supporters to "be respectful"

Quotes from Rally

"We're scared...we're scared of an Obama presidency."
"I can't trust Obama. I have read about him, and he's not-- he's an Arab."

McCain's Response

"And we want to fight and I will fight. But, we will be respectful. I admire Senator Obama and his accomplishments. And I want none of--and I want everyone to be respectful and let's make sure we are, because that's the way poltiics should be conducted in America."
"He's a decent family man, citizen, that I just happen to have disagreements with on fundamental issues and that's what this campaign is about."

Related Pages on Mahalo

Gayle Quinnell | Obama Muslim | Barack Obama | Obama Assassination Fears

Troopergate report: Palin abused power

Posted By: 20081010181500

An ethics report released by Alaskan lawmakers has found that governor and vice-presidential candidate Sarah Palin abused her power in a "troopergate" scandal earlier in 2008. The investigation, which began before Palin was selected by John McCain to be his running mate, has focused on allegations that Palin pressured Public Safety Commissioner Walt Monegan to fire state trooper Mike Wooten, a man who had been involved in a bitter divorce with Palin's sister. After Wooten refused, he himself was dismissed from his position. Palin has denied any wrongdoing.

A preemptive attempt by Alaskan republicans to quash the investigations was rejected by the Alaskan Supreme Court on October 9, 2008. The 300 page ethics report by Steve Branchflower, including another 1,000 supporting documents, was submitted to a 14-member panel of Alaska lawmakers on October 10, 2008. Based on Branchflower's report, the panel will recommend whether a criminal investigation is warranted.

Fast Facts

Report released October 10, 2008
Investigation began before Palin's selection as the vice-presidential candidate
Expected to focus on the governor's husband, Todd Palin, as well
On October 9, 2008, Palin released a report clearing herself of wrongdoing
An effort by Republican legislators to quash the report was rejected by the Alaska Supreme Court on October 9, 2008

Related Pages on Mahalo

Angelina Jolie swings toward Obama?

Posted By: 20081010173000

Actress Angelina Jolie has not yet endorsed a candidate in the Election 2008, but she spoke positively about Barack Obama in an interview for the German edition of the Vanity Fair Magazine. In the interview, Jolie said Obama would be "great for my family" and praised his commitment to international justice, but remained undecided, as she also said: "They are things which could move me to vote for him..."

Fast Facts

Jolie has previously said she is considering both candidates
The campaigns of Barack Obama and John McCain have sought Jolie's endorsement
Angelina Jolie's father Jon Voight earlier wrote an op-ed for the Washington Times that strongly criticized Obama
Jolie is a Goodwill Ambassador for The United Nations
Registered as an Independent

Related Pages on Mahalo

Angelina Jolie | Barack Obama | John McCain | Election 2008 | Angelina Jolie Endorsement

Lindsay Lohan receives threats

Posted By: 20081010170500

Lindsay Lohan now has 24-hour security around her after allegedly receiving "abusive threats" to three of her California addresses according to Now Magazine on October 10, 2008. According to reports, Lohan turned to the Los Angeles police department after receiving "Biblical" threats. The specific nature of the threats has not been confirmed.

Fast Facts

Lohan has appeared in Mean Girls, I Know Who Killed Me and Chapter 27
She guest-starred on Ugly Betty
Posed in New York Magazine as Marilyn Monroe
Allegedly dating DJ Samantha Ronson
Lohan's father Michael Lohan has publicly declared his distaste for Ronson

More Recent Celebrity Gossip

Britney Spears For the Record

Jason Priestley directs 90210

Hef's new girls: Kristina and Karissa Shannon

Hilary Duff Gay PSA

Redmond O'Neal enters rehab

Related Terms on Mahalo

Lindsay Lohan | Samantha Ronson | Michael Lohan | Lindsay Lohan Ugly Betty | Michael Lohan Samantha Ronson

Government takes direct ownership in banks

Posted By: 20081010165300

On October 10, 2008, Treasury Secretary Henry Paulson announced that the government would immediately exercise a provision of the $700 billion Economic Stabilization Act allowing it to directly purchase stock in financial institutions.

The Emergency Economic Stabilization Act of 2008 (EESA) is the final name of the bailout bill drafted by Congress and based on the budget developed by the White House. The legislation establishes a Troubled Asset Relief Program (TARP), and an Office of Financial Stability within the Treasury Department. The core of the act is to provide the Secretary of the Treasury with funds to purchase troubled mortgage and other assets from financial institutions.

Fast Facts

The EESA was introduced in the U.S. House of Representatives on September 29, 2008
The House initially rejected the bill
Senate approved different version of the bill on October 1, 2008
House approved Senate version of bill on October 3, 2008
President George W. Bush signed bill on October 3, 2008
Authority to purchase assets would end on December 31, 2009

History

The House rejected the bill on September 29 by a vote of 228 to 205. On October 1, the Senate approved a revised version of the bill, with provisions for consumer protection, as well as a number of additions that have been described by critics as "pork." The House approved the revised bill on Friday, October 3 and President George W. Bush signed it the same day.

Main Provisions

Provides up to $700 billion for the Secretary of the Treasury to buy mortgages and other assets
Raises the American debt ceiling from $10 trillion to $11.3 trillion
Establishes a program to allow companies to insure those assets

Foreclosure Mitigation

The Treasury Department must modify existing troubled loans wherever possible.
Mortgages owned by other Federal agencies must also modify troubled loans where possible.
Expands eligibility and available tools of the existing HOPE for Homeowners program

Taxpayer Protection

Companies that sell some of their bad assets must provide warrants to ensure that taxpayers will benefit from any future growth
Requires the President to submit legislation to cover any losses

Preventing Windfalls for Executives

Companies who choose to participate will lose certain tax benefits and, in some cases, must limit executive pay.
Companies who choose to participate must limit 'golden parachutes' and return unearned bonuses

Oversight and Transparency

The Secretary must publicly disclose any details of any transaction under the act within two business days after the transaction.
The legislation establishes an oversight board, with a special inspector general to protect against waste, fraud and abuse
Funds to the Treasury will be given out in stages, requiring the President to certify that additional funds are needed, subject to Congressional approval.
The Comptroller General is required to conduct ongoing oversight and report to Congress every 60 days.

Senate Revisions

Provisions added in the Senate's revised version of the bill include the following:

$100 billion in tax cuts for businesses and the middle class.
Increase in the amount of federal insurance for bank deposits from $100,000 to $250,000.

Latest News on the Financial Crisis

$700B bailout bill passes Congress

FDIC recommends hike

Dow drops over 700 points

Bailout bill text

Emergency Economic Stabilization Act of 2008

Related Pages on Mahalo

Jason Priestley to direct 90210

Posted By: 20081010163200

Actor Jason Priestley has agreed to return to Beverly Hills 90210 as a director for the 18th episode of its new season. Priestly previously portrayed the role of Brandon Walsh on the show.

Fast Facts

Priestley was cast as Brandon Walsh on Beverly Hills 90210 in 1990
Priestley also directed 18 episodes of the original show
Actress Shannen Doherty portrayed his sister, Brenda Walsh, on the show
Doherty is said to be in talks to appear in two episodes of the show later on this season
The 18th episode, in which Priestley directs, is set to air in the spring of 2009
Jennie Garth, who portrayed Kelly Taylor on the show, will appear in at least six episodes

Quote

"I think it would be a kick for Jason to work with any of his [former 90210 costars], and it would also add something special to that episode. But we don't know whether that will happen yet."—Gabe Sachs, executive producer

Related Pages on Mahalo

Breaking Celebrity News

Daniel Craig admits plastic surgery

Lindsay Lohan faces threats

Angelina Jolie Breastfeeding Photos

Lil Kim Faces Lawsuit

David Duchovny Rehab Release

Fast Facts

Match-ups

Fast Facts

Related Pages on Mahalo

Fast Facts

2008 NLCS Schedule

Dodgers Projected Starting Line Up

Phillies Projected Starting Line Up

2008 NLDS Results

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

About hCG

More Recent News Topics

Related Pages on Mahalo

Fast Facts

Quotes

Breaking Celebrity News

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

Godfather of Rocksteady

Music News

Related Pages on Mahalo

Fast Facts

More Recent News Topics

Related Pages on Mahalo

Fast Facts

More Recent News Topics

Related Pages on Mahalo

Fast Facts

Quotes

Fast Facts

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

Week Seven Top Games

Week Six Top Games

Week Five Top Games

The Latest in NCAA Football

Related Pages on Mahalo

Fast Facts

Previous Outdoor NBA Game

Quote

Related Pages on Mahalo

Fast Facts

2008 Red River Game

Notable Players

Location

The Latest in NCAA Football

Related Pages on Mahalo

Fast Facts

Knocking out Tebow?

Recent Games

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

Quotes from Rally

McCain's Response

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

Related Pages on Mahalo

Fast Facts

More Recent Celebrity Gossip

Related Terms on Mahalo

Fast Facts

History

Main Provisions

Foreclosure Mitigation

Taxpayer Protection

Preventing Windfalls for Executives