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Although many governments in South America boast that aggressive saving and thriving commodities trading have been a buffer against economic hard times, the turmoil in the U.S. financial industry is starting to deflate those arguments.

The government's latest response to the financial crisis involves taking ownership stakes in financial institutions in order to get credit flowing through the economy again. Treasury Secretary Paulson said he didn't like government ownership of banks, but the alternatives, he said, were "totally unacceptable."

The Last Lynching, a new film by Ted Koppel, examines lives deeply affected by acts of hatred and racism and investigates the last recorded lynching. Surprisingly, it took place in 1981. How far has the U.S. come since then, and how far do we still have to go?

The Dow Jones industrial average have fallen by more than 700 points. Carey Leahey, senior economist with Decision Economics, blames the "dismal" retail sales report and the lingering effects of stagflation for the numbers. One ray of hope: the London Interbank Offered Rate has come down slightly.

Election Day is less than three weeks away, and many people tuned in to Wednesday's debate to decide which candidate to vote for. Republican John McCain and Democrat Barack Obama sat across from each other at Hofstra University in New York. They both got in some good jabs, but there were no game-changing moments.

The Dow Jones industrial average has fallen below 8,600 points for the first time since 2003. Cary Leahey, senior economist with Decision Economics, says many of the Bush administration's moves have come too late and the market is trading off of "fear and just more fear."

The Bush administration announced new steps Tuesday to shore up the nation's battered financial markets. The government will inject capital into financial institutions to help thaw frozen credit markets, create jobs and fuel economic growth.

Colin Powell, a Republican and retired general who was President Bush's first secretary of state, broke with the party Sunday and endorsed Democrat Barack Obama for president. Powell called Obama a "transformational figure" while criticizing the tone of John McCain's campaign.

A jury will hear opening statements Monday in the trial of five foreign-born Muslim men accused of plotting to kill soldiers at Fort Dix, New Jersey. The government is presenting the case as one of the most frightening examples of homegrown terrorism since the Sept. 11, 2001, attacks.

Analysts will be going over exit polls for some time to come. There is valuable information to be gleaned from them. More than six in 10 voters picked the economy as the most important issue facing the nation.