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Secretary of the Treasury Henry Paulson announces that the government is taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac during a news conference at the Office of Management Supervision in Washington September 7, 2008. (Joshua Roberts/Reuters)Reuters - China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors harbored no illusions the bailout would end the global credit market misery.


In this photo released by the office of Pakistan People's Party, newly elected President of Pakistan Asif Ali Zardari, ccenter,  widower of Pakistan's slain leader Benazir Bhutto receives former Prime Minister Nawaz Sharif in Islamabad, Pakistan on Monday, Sept 8, 2008. Sharif who has serious differences with Zardari over the restoration of judges, has congratulated him. Pakistan's Prime Minister Yousaf Raza Gilani, right, seen on right. (AP Photo/Pakistan People's Party, HO)Reuters - Missiles fired by U.S. drones killed at least three people on Monday in a Pakistani village near the Afghan border where a religious school founded by an old friend of Osama bin Laden is located, witnesses said.


This Sepetmebr 7, 2008 NASA GOES satellite image shows Hurricane Ike seen at 1610 GMT. Barely a week after Hurricane Gustav devastated western Cuba, the island was battening down the hatches again Sunday for another killer storm, with more than half a million people evacuating Cuba's northeast coast, officials said.(AFP/HO NASA/Ho)AP - Hurricane Ike's winds and massive storm surge ripped apart houses and toppled trees Monday as the deadly storm roared across Cuba toward Havana and its historic but decaying old buildings.


Pedestrians walk in front of the electronic stock board of a securities company in Tokyo Monday, Sept. 8, 2008. Japan's benchmark Nikkei 225 stock index was up more than 430 points, or 3.6 percent, at 12,650.27 in morning trading after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac - a move that could help bolster a shaky U.S. housing market and renew investor confidence in stock and credit markets worldwide. (AP Photo/Koji Sasahara)AP - Asian stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac — a move that could help bolster a shaky U.S. housing market and renew global investor confidence.


Reuters - The Toronto International Film Festival has lightened up this year.