My WBZ Afternoon Headlines 10/03/2008

[0:03]" WBZ. WBZ. Boston. Honestly whether it is the most listened to station in new late breaking news WBZ. Newsradio. 1030 every day."

[0:18]" Good afternoon at 3 o'clock 54 degrees is starting to rein in Boston I'm Diane Stern here's where we're following in the WBZ is from the house passes the bail out an arsonist that. Speaker Nancy Pelosi says were coming out of the chaos that was then. This is now. We're about the future up and down reaction on Wall Street."

[0:42]" The Dow is up some 48 points right now but times have been sinking into the red today the market wants her."

[0:48]" Reports coming up WBZ AccuWeather forecast."

[0:51]" Quite chilly tonight even every hour early tonight but mostly sunny start -- the weekend tomorrow Alan Segel with sports I scanned the Red Sox have is looking to build a two nothing lead in their division series with the angels in Anaheim this afternoon commute is brought to you by the most trusted name in mattresses sleeping is the mattress professionals. Well this time it passed. House lawmakers found enough to -- in the 700 billion dollar bailout package today to vote yes. Though some did it holding their noses the final vote was 263 to 171 almost sixty votes more than on Monday. Speaker Nancy Pelosi moments after it passed today said something had again."

[1:27]" We know that the free markets create jobs create capital when it well. That's very important. I recently."

[1:37]" Left unregulated an iron discipline and unsupervised. They created chaos moments ago President Bush quickly signed the bill after predicting better times ahead."

[1:48]" Smoother flow of credit more businesses will be able to stock their shelves and meet their payrolls. Were families to really get loans for cars and homes in college education. Where state and local governments will be able to fund basic services near."

[2:01]" And congressman Barney frank the chair of the house financial services committee says this is but a step in the process it would be. High and beat."

[2:10]" Irresponsible the betrayal of our oath if we would it stop here. Yeah we really emptied rushing to the rescue of an economy that suddenly found itself choking. But now we have to perform."

[2:23]" More serious reform frank himself has emerged as a sort of folk hero speaker Pelosi calling him maestro for his efforts. And this is the second ranking house Democrat Steny hoyer."

[2:35]" Morning frank brought an extraordinary intellect. Now understanding. The challenges that confront our country. Understanding of the markets. Two. Respond to the administration's proposal. He made that proposal much better working with -- all of us and working with Spencer bachus and across the --"

[2:54]" Treasury Secretary Henry Paulson who helped steer the complicated bill through congress was asked how he's feeling now his response. Better. And now a local breakdown of today's vote from the Massachusetts congressional delegation built Alan hunt and Steven lynch voted against the bailout plan for the second time this week. Congressman Tierney changed his vote for Monday and helped to approve the bill. Both representatives from New Hampshire holds in Shea Porter voted against it Rhode -- Kennedy -- luncheon and voted for it. Coming up a bit later this half hour how quickly will the economy react to today's bail -- plan WBZ's Anthony Silva takes a look you'll talk to leading economist. To find out the witness stand WBZ news signed 33 --"

[4:34]" Some banks have had a rough lately not TD BankNorth a member of TD bank financial group a leading financial service company with a history of conservative lending which comes in handy right about now stop by today for a safe high -- CD TD BankNorth member of the --"

[4:49]" Lisa Meyer takes a look at the State's pension investments in light of the troubled markets."

[4:54]" That's stories coming up on WBZ Newsradio 1030 my friends laughed at me when has that I can order in French but when the waiter came kind of smiled and said shouldn't clearly."

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[5:57]" WBZ news time 3555. Degrees in Boston light rain -- rush hour this evening gusty breeze the winds should die down later on tonight -- of mostly clear skies and lows in the forties. But of the weekend forecast coming up at about four minutes on WBZ. You're just joining us congress has approved the unprecedented 700 billion dollar government bailout of the battered financial industry. And it was sent to President Bush who has quickly signed. Everyone's taken a hit on the market recently including the State's pension investments. WBZ is Lisa Meyer has. That story a spokesman for -- the public reserves investment management board tells me investments have declined in value just under 8% since August no losses and good --"

[6:41]" By -- my opinion that that's pretty good do you management professor Donald Smith good management is media earning a little bit more or losing a little bit less and in this down market everyone is going to --"

[6:51]" One benchmark against which you can judge the pension fund investment dropped is the S&P 500 over the same period it's down 13%. Investment portfolios pretty diversified to and Smith says that usually protection against large losses he also points out that over the long haul the markets have done well the state should to Lisa Meyer WBZ Newsradio 1030."

[7:14]" And then has been crushed to death while working today and westward the 62 year old victim was struck by a metal plate. And the granite still recycling plant this is captain victor Neil the Westford police."

[7:26]" Mel played that well being adjusted didn't put in the place fell -- the victim and political request was being. Prior to that of being moved by an escapade."

[7:36]" The man apparently an employee for Boston power and crushing which was doing work on that -- his name has not been released. About comes tomorrow in Pittsburgh and votes followed next month in Illinois and Texas on whether the episcopal diocese there want to split from the Church. Episcopalians have been divided for decades over many topics in scripture. But the big rift came in 2003 when New Hampshire is gene Robinson became the first openly gay bishop to be consecrated. -- California diocese voted to breakaway in 2006. WBZ news -- 38."

[8:11]" Hear the news right here. See the news at wbz1030.com."

[8:17]" See what's happening right now on Wall Street lots one on today -- in Washington here's John ward docket marketwatch.com. Now Diane stocks are trying to hang on to some modest gains yes the house has passed that rescue plan for Wall Street but investors in some ways. Have moved on and they are now focusing on another bigger picture mainly the economy. And we had that lousy jobs report with the economy losing 159000. Jobs last month. The economy has said now lost jobs -- nine months in a row and the old R word is resurfacing the the recession word. And Dow the Dow Jones Industrial Average is only up 32 points had been up much more than that earlier. The NASDAQ is up eleven the S&P 500. Is tacking on five and despite the house passing that rescue plan financial stocks taking an on the nose. At last check city group down 18% JPMorgan Chase down about 7% Bank of America. Has been giving back just about 5%. Business report today to 38 past the hour on John where doc marketwatch.com. On Doug."

[9:23]" a Newsradio 1030 Everett one of those days where everything goes right. First I get the best parking space to work tonight I have a date with a very lovely Rachel and today I gave a killer presentation in Sydney finalize the contract in London and download our new product in Boston. Online from my desk with web access web excellently taking meetings and give presentations from my desk I just talked to clients on the phones they watch what's happening on my desktop from their desktop so I can travel the world and still be here for my date tonight with Rachel."

[9:54]" Travel less meat online go to -- dot com and try -- forty just clicked the radio graphic and under promo code. 44. -- get a free trial and a free web cam to remember that code 44. To qualify for the -- webcam. What next now part of Cisco and used by more than five and a half million people every month to try. Free go to web X dot com and under the promo code 44. WEB EX dot com for the -- available while supplies last terms and restrictions apply to what secretary."

[10:23]" WBZ news -- streets and out of the -- nothing serious but it is raining lightly in Boston right now breezy 55 degrees here's Bob Larson with the extended WBZ AccuWeather forecast for the weekend and Monday to. Brought to you by burning in -- furniture."

[10:39]" Rather windy as we start the -- with a stray shower then becoming mostly clear in Chile later tonight diminishing wind a low of forty across some outlying areas 47 of the city. Tomorrow mostly sunny highs sixty to 64. Clearing chilly tomorrow night low forty across some suburbs of 48 in Boston for Sunday -- clouds and sunshine high 64 of them mostly cloudy cooler Monday. It's a brain is Boswell high 54. X whether -- just ten minutes on WBZ. AccuWeather meteorologist Bob Larson."

[11:08]" Cloudy with light rain in Boston breezy to 55 degrees how burning of fields clear incentives up packed with great furniture they you can buy for twenty to 70% not one of -- all the stocks and slightly -- invented furniture now one out gracefully in films random -- Nashua clearance centers and this portion of the news is being brought to you by JB session door of."

[11:31]" The only things as her outside traveling around the region yet to make plans in advance word you go to my forecast where you would find it quickly. Wait what's -- to. BC actor -- because they. You're on WBZ and some severe storm warnings -- in the next hour here and -- second."

[12:00]" CBC news radio 1030."

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[13:02]" California's on the skids at least in terms of its budget will have that story coming up later this half hour on WBZ so. It's time now is 313 and it's got -- Friday afternoon commute the Subaru dealers in New England all wheel drive traffic on authorities brought to you by GBH true."