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Obama: G-20 must agree on bank rules
U.S. President Barack Obama said Wednesday world leaders meeting at the G-20 summit 'cannot afford half-measures' as they try to hammer out ways to address the global financial crisis.
CNN

US, Russia say they want to reduce nuke warheads
The United States and Russia, striving to ease strained relations, announced jointly Wednesday that they'll try to put a new nuclear arms reduction deal in place before the existing treaty expires in December. In advance of their first sit down, President...
SF Gate

Cerberus Tries to Salvage What It Can From Chrysler
Cerberus Capital Management has agreed to give up its 80.1 percent stake in Chrysler, and the private investment firm is now trying to save its investment in GMAC and Chrysler Financial.
New York Times

US `lie detector` marine on trial
A US marine is tried for a killing in Iraq in a case sparked by an alleged confession made during a lie-detector test.
BBC

New Math for IRA Savings
Usually, the last thing anyone giving financial advice needs to do is to tell Americans to dodge taxes. Tax our tea unfairly and we’ll start a revolution. Give us a holiday from sales tax and we’ll buy all kinds of clothes and appliances we don’t need. Launch single-state muni-bond funds whose yields are exempt from income taxes in jurisdictions that don’t even have income taxes and we’ll plow our money into them. Yet there’s a way to completely avoid paying taxes on retirement savings, and it’s perplexingly unpopular. With a Roth IRA, your retirement investments grow tax free. If you get a statement showing you have $200,000 in a Roth IRA, that amount—and not some lesser figure you have to guesstimate after trying to adjust for taxes—is what you’ve got, and you can spend it whenever and however you please. But just 19 percent of working Americans have Roth IRAs, even though 90 percent are eligible for them, according to Fid
Smart Money

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