THE BG NEWS
ESTABLISHED 1920 A daily independent student press serving the campus and surrounding community
Day Friday
Month xx,19,2008 September 2008 Volume103, 103,Issue Issue19 x Volume
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CHARLIE NEIBERGALL | AP PHOTO
JUST WAVING: Republican presidential candidate Sen. John McCain, R-Ariz., waves to supporters after speaking at a rally yesterday in Cedar Rapids, Iowa.
DAWN OF THE DEAD Halloween USA returns to Bowling Green By Ira Sairs Reporter
Just how does a store like Halloween USA stay in business year-round? They donât, at least not in Bowling Green. Debbie Amann, the First Assistant at the store, explains, âWe are a seasonal store.â Halloween USA is made up of A, B, C and D class stores. The A and B stores stay open all year round but D stores, like the one in Bowling Green, only stay open around Halloween time. Once the store is closed everything is shipped back to Michigan. âWe opened on Sept. 6,â said Amann. The store moved from its original location on Wooster Street at Bowling Green Plaza due to a lack of business. âWe only had three parking spaces,â Amann explains. Students at Bowling Green make up the majority of the market for a store like Halloween USA. The store provides almost any Halloween
accessory someone could need. âWe have decorations, lighting, costumes, masks, etc.,â said Amann. Everything from commercial costumes like Rocky Balboa to bloody syringes that double as pens are offered to shoppers. Such first time shoppers like juniors Anna Bowman and Brandon Richmond come in just to see whatâs available. âItâs just fun looking around,â says Richmond, who has no idea what heâs going to be for Halloween, but is hoping he will get some ideas from Halloween USA. According to Amann, the highest selling items by far are the âhot costumes.â These are suggestive costumes for women ranging from candy stripers to beer maids. Top selling costumes last year were the Police Woman, Taxi Driver and Fire Girl. The store located at 1135 S. Main St. will be closing the day after Halloween but will be back again next year. Their hours are 11a.m. - 8 p.m. Monday through Friday, 10 a.m. - 8 p.m. on Saturday and 11 a.m. - 5 p.m. on Sunday.
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ALAN PIRACHA | THE BG NEWS
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PEOPLE ON THE STREET
FIREFIGHTS AND NEUTRALITY: Journalist and author Chris Hodges tells a crowd at the Union Theater âthe role of the press is to give a voice to people who otherwise wouldnât be heardâ while speaking about his experiences as a war time reporter.
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CEDAR RAPIDS, Iowa â Republican John McCain, buffeted by criticism about his response to Wall Streetâs financial problems, said yesterday he would fire the SEC chairman and create a special trust to help strengthen weak institutions. In all but calling for the firing of Securities and Exchange Commission Chairman Christopher Cox, McCain turned on a fellow Republican and former 17-year House member who served on committees overseeing investor protection and U.S. capital markets. President Bush appointed Cox in 2005. McCain also tried to counter Democratic rival Barack Obama as the two White House contenders jockeyed to explain how, as president, they would prevent the sort of financial tremors that have shaken the financial industry and consumer confidence this week. Economic issues traditionally favor Democrats and were expected to be especially potent for Obama in an election cycle after eight years of a Republican White House and a Congress controlled mostly by the GOP. McCain has a long history of opposing government regulation and receives economic advice from former Texas Sen. Phil Gramm, an advocate of free-market principles. In addition, McCain has served on and has been chairman of the Senate Commerce Committee, which has regulated â and deregulated â vast parts of the economy. âThe chairman of the SEC serves at the appointment of the president and, in my view,
By Tim Pardadis The Associated Press
By Michelle Bosserman Reporter
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By Glen Johnson The Associated Press
has betrayed the publicâs trust,â McCain told a rally in this battleground state. âIf I were president today, I would fire him.â In a statement, Cox chalked up McCainâs comments to the heat of the campaign. Cox said the financial crisis was âpresenting new challenges on an hourly basisâ and that âsteadiness and reduction of uncertaintyâ is what the U.S. and the world needed. âHistory will judge the quality of our response to this economic crisis, but now is not the time for those of us in the trenches to be distracted by the ebb and flow of the current election campaign,â Cox said. âAnd it is precisely the wrong moment for a change in leadership.â Cox said heâs always been clear about his intent to leave the SEC when the Bush administration ends in January 2009. Coxâs term officially ends in June 2009, but he could stay on until a successor is named. Campaigning in New Mexico, Obama mocked McCainâs call to fire the SEC chairman, basically saying why stop at Cox. âIn the next 47 days you can fire the whole trickle-down, on-your-own, look-the-otherway crowd in Washington who has led us down this disastrous path,â he told a campaign rally in Espanola. âDonât just get rid of one guy. Get rid of this administration. Get rid of this philosophy. Get rid of the donothing approach to our economic problem and put somebody in there whoâs going to fight for you.â McCain also proposed creating a trust to review mortgage and financial institutions, iden-
See MCCAIN | Page 2
Famed war correspondent Dow Jones jumps 400 discusses journalistsâ role in war
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McCain calls for firing of SEC chairman to solve financial issues
Heâs covered wars in Iraq and Bosnia, heâs reported from Salvador and Kuwait, but last night Pulitzer Prize-winning journalist Chris Hedges spoke at the Union as part of the conference on War, Media and Conflict Resolution. Hedges, author of the New York Times bestseller âAmerican Fascists: The Christian Right and the War on America,â is a journalist who has covered conflicts in over 50 countries. The title of his speech was âCovering War and Conflict and the Illusion of Neutrality.â Hedges, who promised not to tell âcolorful war stories all night,â provided his views on the supposed objectivity and neutrality of war correspondents. âThe concept of neutrality is foreign to somebody covering conflict,â Hedges said. âWhen you see such horrible austerity in war, how can you ask someone
âThe concept of neutrality is foreign to somebody covering conflict. When you see such horrible austerity in war, how can you ask someone to be neutral about rape camps and torture?â Chris Hedges | Pulitzer Prize-winning journalist
to be neutral about rape camps and torture?â Hedges further explained the idea of journalists being an observer in conflict situations is a âfallacy,â because once you âwitness a firefight, you become a participant.â He gave several recountings of different situations where his life was on the line, but not only that the people he interacted with were put at risk as well. âOften, you have a direct cause-and-effect on whether people live or die,â Hedges said. In one particular circumstance, Hedges was in Salvador, where the army there was massacring civilians that were con-
gregating because they were told the Red Cross was bringing them supplies. Hedges thought there was a story there so he paid some fishermen to take him to the hostile site. The infuriated army found out, after Hedges narrowly escaped the situation, and executed every fisherman who helped out Hedges and his crew. Junior Robert Mominee attended the event because of his âextreme interest in the accomplished journalist,â and he shared some of the same views as Hedges.
See NEUTRALITY | Page 2
NEW YORK â Wall Street rallied in a stunning late-session turnaround yesterday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banksâ bad debt. The report also cooled investorsâ fervor for safe investments like government debt that were in demand for much of the day. The report that Treasury Secretary Henry Paulson is considering the formation of a vehicle like the Resolution Trust Corp. that was set up during the savings and loan crisis of the late 1980s and early 1990s left previously solemn investors ebullient. Wall Street hoped a huge federal intervention could help financial institutions jettison bad mortgage debt and stop the drain on capital that has already taken down companies including Bear Stearns Cos. and Lehman Brothers Holdings Inc. Worries about financial landmines on companiesâ books have
essentially crippled parts of the worldâs financial markets in recent days and led to the intense volatility in the markets this week. âItâs going to take a lot of the bad debt off the balance sheets of these companies,â said Scott Fullman, director of derivatives investment strategy for WJB Capital Group in New York, commenting on the possibilities of an entity akin to the RTC. It could alleviate many of the pressures causing the credit crisis, he said, and reopen moribund credit markets. But Fullman noted, âthe devilâs in the details.â âBear markets are very sensitive to news. And on a scale of 1 to 10, this one is a 13,â he said. The report from CNBC gave direction to a market that had bolted in and out of positive territory for much of the session as investors shuttled between the safety of Treasury bills and gold and the bargains posed by stocks that have been pounded lower. The Dow soared 410.03, or 3.86 percent, to 11,019.69, surging 560
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See DOW | Page 2