My WBZ Afternoon Headlines 09/15/2008

[0:00]" WBZ. Eight the Boston. Straight streak on line 24 hours a day this is WBZ Boston the most listened to station in New England. --"

[0:14]" Good afternoon 330s shine in Boston 77 degrees and breezy I'm Diane Stern and here's where we're following in the WBZ newsroom attempts at reassurance on a dark day for investors American people can remain confident in the soundness. In the resilience of our financial system and numbers on Wall Street. The -- down some 403. Points almost a 4% loss for the blue -- the market one report coming -- seventy years ago New England was blind -- Bryant killer hurricane is another one around the corner it's really -- question -- an -- at least the 100 billion dollars -- nothing quite that dramatic in the short term weather -- cooler tonight the gusty -- of the -- gradually diminishing overnight."

[1:17]" The situation. In March in this situation the facts around Bear Stearns were very very different to the situation we we're looking at here in September. And I never once considered. Then it was appropriate to put taxpayer money on the line with what we in resolving Lehman Brothers."

[1:37]" Markets around the world getting hit hard by the Lehman Brothers bankruptcy and the sale of -- to Bank of America. Stocks in Paris and London closed down today nearly 4%. Asia's biggest markets were closed for holidays today but stocks plunged in Taiwan Singapore and India. The presidential candidates reacting to the financial news Republican John McCain telling voters in Orlando today that. Innovation and entrepreneur or ship by the country's economic fundamentals. And their under attack those fundamentals. Are threatened. They are threatened. And it risks. Because some on Wall Street. Have treated Wall Street like a casino Democrat Barack Obama implying that the Bush Administration has been asleep but the economic Quayle."

[2:23]" years. We bad policy is that. Shred of consumer protections. That a loan from oversight and regulation. And encouraged. Outside bonuses to nose while ignoring. Middle class America."

[2:38]" President Bush says he's confident that capital markets are flexible enough to deal with today's developments. Throughout the hurricane battered Houston area there are huge lines and long waits -- food and water distribution sites. In BC's Jim Ryan in Houston says many people there are shell shocked."

[2:55]" These are desperate times for hundreds of thousands of people across the hurricanes on. They take your whose -- has come to one of the FEMA points of distribution looking for the basics for him his wife and his two children. -- said -- it's hot commodity right now cannot give myself -- they -- some of our -- Played tremendous amount could lead them to get me. He and thousands of others are walking away from this point -- water ice and meals ready to need to sustain them a little longer until the power comes back on. Jim Ryan ABC news Houston."

[4:29]" The thinking of the day was that hurricanes didn't hit new England and so the forecast. That day was for the storm to actually -- away from the coast so. When it hit here hard it was a surprise and how devastating. It is still to this day are worse now to disaster -- over 600 people lost their lives and two billion trees went down here in our State's so. It was a very very significant blow to new England and since then we've only had a few category threes in the 1950s. We can have hurricane amnesia around here we haven't been hit hard like the Gulf Coast has but it can happen here. Each of these each of the five news coming up beginning with tonight you to a different subject about hurricanes and tell us what's on tonight. Says its nightly talk to a hurricane risk expert. To ask the question could Katrina couldn't I happen here. And in fact it's really not a question of if but when we see our own 100 billion dollar storm. And there's a lot of sensitivities here we have storms that once they get to our latitude they accelerates our evacuation. Window is actually shorter than in the golf. We have so many trees -- one of the heaviest heavily. Forested areas along the entire coast so we really see each tree damage from winds so we talk about what kind of damage shall see in the city in the suburbs. And really what part of our coast is most vulnerable to storm surge on the order. Of a Katrina."

[6:00]" And no -- we would do of that happening and we -- talk about the tree damage of course. That impacts our and that affects our our electricity the absolutely. Absolutely so that's really that the bulk of our damage would be because we have to so many trees in state. As this Michael's her weeklong series begins in the -- o'clock news today on WBZ TV. Well hurricane Gustav has claimed another victim it's not what you think Louisiana's social services chief has resigned amid heavy criticism from a governor over her department's response to the storm. Governor Bobby gender also officer rather office claims that. And Williamson has handed in a resignation letter. -- slammed her agency for the way it handed out emergency food stamps thousands waited for hours in the heat with many sent home empty handed. The problems have since been corrected in Louisiana. WBZ news time 338."

[6:57]" Hear the news right here. See the news at WBZ 1030 --"

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[9:06]" WBZ his time three for it we check out the forecast for you every ten minutes. 76 degrees in Boston now most noteworthy though the winds the winds are coming out of the west northwest gusting to about twenty miles an hour. And we have more details with Bob Larson and the extended WBZ AccuWeather forecast and a --"

[9:50]" Bottlers sunshine breezy and again 75 degrees in Boston. Checking the Dow thirty industrials down 375. Points at last check. We will have more of course at the close at four clock which is just about fifteen minutes from now with the marketwatch.com. And our question today on WBZ is how confident are you in the stability of the nation's financial institutions. Even vote online at wbz1030.com. He can also call us to tell us what you think 6177468300. And out -- WBZ sports and Tom Cuddy brought to you by your local Independent insurance agents."

[11:13]" So a lot of people and expect us to do much today to know these guys came into a lot of determination about the political solid game not perfect but. Happy to let it play it's always good to get a division went on a road in."

[11:24]" I don't think there's one person -- in my place this microphone that that because the wind. I'm no common goal they have in mind today effective in doing the pages -- no. We got one in division so all you haters keep -- we comment."