My WBZ Afternoon Headlines 10/07/2008

[0:00]" WBZ. -- WBZ. Boston. Obviously it is the most listened to station in the late breaking news WB's. 31030. Every day."

[0:15]" Good afternoon WBZ news -- 3 o'clock sunny skies blue skies 61 degrees in Boston windy by Diane Stern here's what. Following worries continue about the frozen credit markets."

[0:27]" On Wall Street the Dow -- down 288. As economic fears overshadowed talk about the Fed rate cut. MarketWatch reports coming out I'm Doug Cope with the state house will look financial crunch means big cuts in state spending and this story. Have the right. People we have the right he's pleased to."

[0:45]" Civilian fighters begin work permits and heavy protests I'm Karen Twomey WBZ AccuWeather forecast chilly weather across the area once again to -- them funny is sunshine tomorrow and milder weather on Thursday this afternoon commute is brought to you by the most trusted name in mattresses sleeping is the mattress professionals. A grim outlook here in Massachusetts with the market uncertainty across the country and the world. WBZ's Doug Cope reports of many economic summit at the Statehouse concludes tough choices will have to be made."

[1:13]" House speaker Sal the Macy's says they expect state revenues to continue to fall and there will be cuts possibly in local aid."

[1:20]" Municipalities across Massachusetts should be concerned I think they should be prepared. And they should be preparing for something that may happen in the future."

[1:29]" But he says cutting local aid would be a last resort also a last resort according to house Ways and Means Committee chairman Robert delay helped. Dipping substantially to the State's surplus money. For us to be spending most if not all of our rainy day funds for this particular crisis at this particular time. I think its goal of disaster for the future of terrific trying to put together any future budgets at the state -- Doug Cope WBZ Newsradio 1030."

[1:54]" Secrecy prevailed even as AIG's losses ballooned. Documents released today at a house oversight committee hearing show that top executives hid risky products from -- And lawmakers were outraged to find out. Than a week after that huge government bailout of AIG. Company executives spent nearly a half million dollars at a resort. Dropping thousands of the hotel spy and a lawn. Maryland represent Elijah Cummings learned that some of the money was spent on boots."

[2:23]" spent. Another 10000 dollars -- I don't know what this is -- dining. It bars thank you very much just a different. But China's human."

[2:46]" And run into the country. The ground one of the most respected insurance companies in history. If you're approaching retirement -- planning -- some sobering news today the top congressional budget analyst. Says pension plans of Costa rather as lost as much as two trillion with a T dollars in just the past fifteen months. Those losses will probably force many workers to delay their retirements. And keep them from making major purchases. The state highway department is vowing to continue using civilian flag or is at work sites around Massachusetts. Despite a state police protest the stop worked at one of those sites today. WBZ's Karen Twomey tells us more."

[3:27]" It was the first they have worked for civilian flag men at seven different mass highway site but Woburn it got a little Dicey when dozens of police officers began protesting. Yelling at the flag men and disrupting the site mass highway commissioner Luisa Taiwan's ski."

[3:41]" Then when it became clear that the actions of the protesters were jeopardizing the safety of drivers in our employees. We pulled our employees to the side of the road."

[3:50]" But president of one of the police -- Middlebury says they were compromising public safety just exercising their right."

[3:56]" Yet committed to public safety and we feel that this was not done. In a way that brought police officers into the into the process."

[4:05]" In Arlington Karen Twomey WBZ Newsradio ten sense. And time once again to check the roads we do that with Scott -- the super dealers of New England all wheel drive traffic report here on WBZ good afternoon Scott."

[4:58]" Under Florida the Red Sox prepare for the eighty LC house and we'll have more coming up on WBZ. -- can you sleep his mother's coming tomorrow morning she and even here yet and already have a headache come Mexican PM work your magic. Any sleep if I'm going to survive this -- Clinton -- clean. For the like -- into -- cuts in the morning well thirteen days of snide remarks about my clothes my cooking owner. Fourteen G. Allergies you know or eating every night -- where I can hear it now -- Count and I can't goodness move over. Couldn't and 82 asleep. Peacefully particularly as he."

[5:42]" Let the pain associated with stress keep you up at night take Excedrin PM and put your headache of bad news is directed more. Why make a separate trip. Save money save time and save gas when you fill your prescriptions in the same store you do your grocery shopping who discover the convenience Charles hospital pharmacy and he shot dot com your new year's -- location."

[6:03]" WBZ news time 36 Greg afternoon 62 degrees right now blue skies and breezy -- a Chilean clear tonight. And Bob Larson is calling for lows in the thirties and the outlying suburbs lots of sunshine tomorrow. A high of 64 degrees in quite warm on Thursday much more on the weather coming up in about four minutes. Call -- air rage -- Framingham man accused of throwing foot powder around a plane because his flight was delayed is now been arraigned. Arthur Nicholson pleaded not guilty to disorderly conduct and interference with aircraft operation. Officials say he was arrested yesterday. After US Airways flight landed at Logan. The plane's captain says Nicholson said. This is what your airline gets for treating me bad as he sprinkled doctor shells inside the cabinet. Skipper Terry Francona says the kids are all right Jon Lester and Jed -- among those leading his Red Sox to their fourth American League Championship Series in six years."

[7:02]" We've brought some kids up and they have done such a phenomenal job of competing. And and not I think organization should be proud me I'm want to stand your nights like this and talk but. I hope we we do this -- organization because exciting time for the Red Sox."

[8:13]" McCain's six candidates debate listen tonight on WBZ. Newsradio 1030 watches. On wbz1030.com."

[8:22]" Now John ward I can't marketwatch.com. About those Wall Street numbers they are like the angels they are losing and yes it's not looking good Diane the Dow right now down some 330. Points the NASDAQ off 73. The S&P 500 down -- just about 39 points here but NASDAQ the biggest loser among the bunch. It is down just about 4% right now not even talk of an interest rate cut is enough to help things today the head of the Federal Reserve. Is -- Wall Street now he's prepared to cut rates again. Fed chief Ben Bernanke telling a conference and washed in the Fed should forgo its neutral stance on rates. And our chief economist Irwin Kellner tells us the Fed is probably going to cut rates by half point. He even thinks the Fed could cut rates before its next scheduled meeting right before Halloween. Once again right now the Dow is down 329. Business reports at eight and 38 past the hour on Shaun we're on marketwatch.com. On WBZ Newsradio 1030."

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[10:23]" Try to sneak out of work for a bit at least today is just lovely it's what we have blue skies it's breezy lots of sunshine 62 degrees in Boston right now. Let's see what's ahead in the extended WBZ AccuWeather forecast Bob Larson brought to you by Norwegian cruise lines cleared tonight and turning -- once again low 39 across but he suburbs and 48 of the city plenty of sunshine tomorrow."

[10:45]" Pleasantly answered and high 64. Increasing climate is -- I know we're new year's -- as that I low 54. Further declines and occasional sign -- to be shower parts of the brought in extra clouds and sunshine high seventy. Thanks weather in just ten minutes. I'm WBZ. AccuWeather meteorologist. Bob Larson against sunny and windy 62 degrees in Boston do you want to talk."

[11:12]" That report to talk let's talk talk talk."

[11:17]" It's time to talk the -- Going down grade for his college campus school Wednesday and did -- television doesn't go -- WBZ 1030 dot net and on. It's because maybe the democratic way. Radio 1030."

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[12:36]" Coming out these words of truth will cost me dearly coming out against a state proposition that would ban gay marriage details coming up. On WBZ soon. And it's not right now coming up to 313 years got it with the Subaru dealers of New England all wheel drive traffic on the -- is brought to you by gasping ally of the Massachusetts."