• Three major fires in Southern California continue to blaze, but the powerful Santa Ana winds have subsided for now. As firefighters battle the massive flames, agencies are helping displaced families. — Los Angeles Times
• Citigroup plans to cut about 53,000 jobs soon, in addition to 22,000 already announced.
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• $250 Billion Bank Investment: President Bush announced this morning that the government plans to invest $250 billion into banks, a move that he says is essential to stabilize the financial system. In exchange for the money the government will get an equity stake in the banks. It's the plan promoted by economists in the excellent This American Life episode explaining the crisis.
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• Hurricane Ike Tonight: Hurricane Ike is expected to make landfall with a direct hit to Galveston and Houston, with a population of 5.6 million. The National Hurricane center was crystal clear with their warning for evacuation: "Persons not heeding evacuation orders in single family one- or two-story homes will face certain death." Forecasters expect water 22 feet above sea level.
• English Channel Fire Burns: Firefighters are still putting out small fires after a blaze shut down undersea traffic in the tunnel between England and France.
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The war on terror might be about to get much, much hotter. Dwindling resources and diminishing weaponry are causing Muslim extremists to call upon their numbers to start a “forest jihad” in Australia. According to one website extremists have to “start forest fires," claiming “scholars have justified chopping down and burning infidels’ forests when they do the same to our lands.” The website continues, "Imagine if, after all the losses caused by such an event, a jihadist organization were to claim responsibility for the forest fires.

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When Rep. Duncan Hunter sidestepped the chain of command to get firefighting planes for California, earlier this month he was matter-of-fact: "California was on fire, I got 'em the planes. That's my job."

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