Obama to propose plant, equipment tax write-off (Reuters)

Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday.

Obama to propose plant, equipment tax write-off (Reuters)

Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday.

Little Rock 9 member Jefferson Thomas dies in Ohio (AP)

AP - Jefferson Thomas was fast and athletic and often played pickup basketball with white students while growing up in Little Rock in the 1950s.

Imam behind NYC mosque back in US after Gulf trip (AP)

AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East to promote religious tolerance.

The United States Sees Its Tennis Identity Fade

While countries like Spain produce players with similar styles, the United States has struggled to develop young stars.

Obama kicks off campaign with infrastructure plan (Reuters)

Reuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.

Obama kicks off campaign with infrastructure plan (Reuters)

Reuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.

Colorado fire destroys homes, triggers evacuations (AP)

AP - A wind-driven wildfire broke out in the rugged Colorado foothills and quickly spread across 4 square miles Monday, destroying some homes and triggering evacuations of hundreds of others.

'They talk about me like a dog' (Politico)

Politico - With early voting starting soon, Obama fights to convince voters that he's still working to fix the economy.

Despite Vote, Libertarians Haven't Ruled Out Murkowski (CQPolitics.com)

CQPolitics.com - Although Alaska's Libertarian Party has already voted against allowing GOP Sen. Lisa Murkowski to run for another Senate term as the Libertarian candidate, discussions have occurred since then, the Anchorage Daily News reported Saturday.

Joe Miller Cited in Car Accident (CQPolitics.com)

CQPolitics.com - GOP Senate candidate Joe Miller was cited in a car accident in his Alaska hometown, the New York Times reported.

As Democrats fear rout, Obama launches new jobs push (AFP)

AFP - US President Barack Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.

Army: Ex-soldier takes 3 hospital workers hostage (AP)

AP - A former Army soldier seeking help for mental problems at a Georgia military hospital took three workers hostage at gunpoint Monday before authorities persuaded him to surrender.

Rep. Frank faces town hall foe in Mass. primary (AP)

AP - Massachusetts Rep. Barney Frank's retort was an Internet sensation.

Troubles mount for EU bid to re-draw economic government (AFP)

AFP - Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders.

Plane crash on NV street kills 1, injures 3 (AP)

AP - A small plane crashed and burst into flames on a street in a southern Nevada residential neighborhood Monday, killing one person and badly injuring three others, authorities said.

Obama assails GOP, promotes new jobs program (AP)

AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.

US won't say if blowout preventer on way to shore (AP)

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.

US won't say if blowout preventer on way to shore (AP)

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.

(AP)

AP - President Obama says rewarding greed, recklessness, special interests won't fix economy.

Colleges buy land they don't know how they'll use (AP)

AP - Colleges and universities are buying up chunks of land at bargain prices, sometimes without a clear idea how they'll be used.

Oil operations in Gulf unaffected by storm (Reuters)

Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations.

Fiat to name Toyota executive to head sales: report (Reuters)

Reuters - Italian car maker Fiat SpA will hire Toyota Motor Europe's (7203.T) Andrea Formica to head sales at its four-brand automotive group, Automotive News Europe said, citing sources familiar with the matter.

Counselors monitoring prison officers with PTSD (AP)

AP - John Brownfield Jr. became a corrections officer following deployments to Afghanistan and Iraq.

Basel committee seeks 9 percent Tier 1 capital: report (Reuters)

Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.

Hurricane watch issued for coasts of Mexico, Texas (AP)

AP - Mexican authorities urged people to move to shelters while officials in Texas distributed sandbags and warned of flash floods as Tropical Storm Hermine headed toward the northwestern Gulf coast on Monday.

Montana plane crash revives 'lap child' debate (AP)

AP - Federal transportation safety officials are using the deadly crash of an overloaded plane in Montana to revive a long-standing debate about whether small children should be allowed to travel on the laps of adults.

NY cigarette tax plans raise reservation tensions (AP)

AP - As New York Indian Nation leaders battle in courtrooms to preserve their tax-free cigarette market, tensions are rising on reservations, where the state's renewed efforts to tax sales to non-Native customers is viewed as yet another attack on Native American rights.

Greeting card giant Hallmark heads for 2nd century (AP)

AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.

Greeting card giant Hallmark heads for 2nd century (AP)

AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.

United States advances to quarterfinals with 55-point rout of Angola

ISTANBUL -- Chauncey Billups scored 19 points, Kevin Durant had 17, and the United States powered into the quarterfinals of the world championship with a 121-66 victory over Angola on Monday. With Durant scoring 17 and Billups 16 in the first half, the Americans saved their most impressive performance in...

US investors seek pay for pre-WWII German bonds (AP)

AP - More than 80 years ago, Germany sold tens of thousands of bonds to American investors in an effort to recover financially from World War I. Later, Adolf Hitler used some of the money raised by those bonds to build the powerful Nazi war machine that would ravage Europe during World War II.

WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)

AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.

Obama proposed $50 billion to rebuild road, rails and runways (McClatchy Newspapers)

McClatchy Newspapers - WASHINGTON — President Barack Obama Monday proposes a quick $50 billion boost in federal spending to rebuild roads, railways and runways — a move he says will create jobs and which Democrats hope will improve their election prospects in November.

Fed should not set limit on economy aid: Kohn (Reuters)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

Fed should not set limit on economy aid: Kohn (Reuters)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

US, China hail warmer relationship (AFP)

AFP - Chinese and US officials congratulated each other Monday on a warming of ties between the two powers, after relations were strained earlier this year.

Growth hopes boost global equities (Reuters)

Reuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.

Obama getting fewer judges confirmed than Nixon (AP)

AP - A determined Republican stall campaign in the Senate has sidetracked so many of the men and women nominated by President Barack Obama for judgeships that he has put fewer people on the bench than any president since Richard Nixon at a similar point in his first term 40 years ago.

Senate seats that might change hands in November (McClatchy Newspapers)

McClatchy Newspapers - Democratic seats in play:

Miller's upset win changes game in Alaska (CQPolitics.com)

CQPolitics.com - The dynamics in the Alaska Senate race were changed dramatically when Sen. Lisa Murkowski was upset in the Aug. 24 GOP primary by Fairbanks attorney Joe Miller. While we're not convinced that national Democrats will commit the level of resources needed to make the race competitive, CQ Politics is moving the rating of the race from Safe Republican to Likely Republican to reflect the new uncertainty of the open-seat contest.

Van Hollen attacks report, asserts DCCC commitment (CQPolitics.com)

CQPolitics.com - Democratic Congressional Campaign Committee Chairman Chris Van Hollen (Md.) sharply contested a New York Times article, saying Sunday that it "erroneously suggests that the DCCC has decided not to allocate resources to specific campaigns."

Police hunt for 2 people in slain UK spy case (AP)

AP - Police investigating the mystery death of a British spy say they are hunting for two people seen entering his apartment block.

Picking right blood pressure medicine challenging (AP)

AP - It's hard to predict which pills will best lower which patient's high blood pressure, but researchers are hunting ways to better personalize therapy — perhaps even using a blood test.

World stocks gain, dollar falls (AFP)

AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.

Labor secretary: Obama doing good job on economy (AP)

AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.

Obama unveils $50B road, rail plan (Politico)

Politico - He uses Labor Day to announce he'll ask Congress for cash to expand and renew infrastructure.

Evaluating Obama's 'Second Stimulus' Proposals (The Atlantic Wire)

The Atlantic Wire - As the job market and housing sector continue to suffer, the White House is seeking initiatives meant to re-stimulate the economy, following the first stimulus efforts of 2009. According to Time magazine, "most nonpartisan economists agree" that the first stimulus was successful in the short-term but did not go far enough. The "second stimulus" proposals are a $100 billion tax credit for businesses and $50 billion on infrastructure spending. Any such measures must still be improved by an increasingly partisan Congress that is expected to shift heavily Republican in November.

Obama to launch political offensive on economy (AFP)

AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.

China Inc gets new chairman as state-owned firms' clout grows (Reuters)

Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.