8A
NEWS
THE UNIVERSITY DAILY KANSAN
THU SATDAY SEPTEMBER 26 2008
THURSDAY SEPTEMBER 25, 2008
Cultural exchange
Julianne Kueffer/KANSAN
Josh Nathan, junior transfer from California, invites graduate students Soleak Seang, Cambodia, and Rauf Arif, Pakistan, to hit a hookah, filled with strawberry and raspberry lemonade flavored tobacco. The KU Hillel student group held a "Day on the Hill" to inform students and to celebrate because this year marks Israel's 60th birthday.
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NATION
Democrats seek to slash $700 billion bailout
WASHINGTON — Democrats won a key concession from the White House on the financial bailout plan Wednesday and sought to drastically slash the $700 billion size of the rescue. President Bush readied a prime-time speech in a push to persuade resistant lawmakers to back his proposal to stave off a deepening economic crisis.
Treasury Secretary Henry Paulson agreed to demands from critics in both parties to limit the pay packages of Wall
Street executives whose companies would benefit from the proposed bailout.
"The American people are angry about executive compensation and rightfully so," Paulson said. "We must find a way to address this in the legislation without undermining the effectiveness of the program."
The issue has been a much-debated point in the struggle to win congressional approval of the historic rescue of the financial industry, though the "golden parachute" money involved would be relatively insignificant compared with the huge sums being talked about.
At the same time, Democrats were asking the Bush administration to dramatically cut the size of the rescue and then come back to Congress later if they need more.
Under that plan, which was still emerging, Congress would approve a fraction of what Bush is asking for — perhaps $150 billion or $200 billion — to allow the government to begin rescuing tottering financial companies.
House Speaker Nancy Pelosi, D-Calif., has privately suggested the idea to Paulson, according to officials who spoke on condition of anonymity because the negotiations were private.
Associated Press
INTERNATIONAL Marriott bombing group threatens more attacks
ISLAMABAD, Pakistan — A militant group that claimed to be behind the deadly Marriott Hotel bombing in Pakistan's capital threatened more attacks Wednesday, warning again that Pakistanis should stop cooperating with the United States.
In a cell phone message to reporters, the little known group calling itself "Fedayeen al-Islam" — "Islam commandos"
— referred to the owner of the Marriott by name.
It was impossible to verify the identity of the group or say whether it was in a position to make good on the threat. Pakistani officials were not immediately available for comment.
"All those who will facilitate Americans and NATO crusaders like (owner Sadruddin) Haswani, they will keep on receiving the blows," said the message, which was in English
The group demanded that Pakistan break with Washington in an earlier message that claimed responsibility for Saturday's truck bombing at the Maririot in Islamabad, a blast that killed 53 people and wounded more than 270.
Little or nothing is known about the group. Pakistani officials suspect al-Qaida or Taliban militants carried out the bombing.
The attack underscored the threat posed by Islamic extremists, many of whom are based in the lawless, tribal regions along Pakistan's border with Afghanistan.
The U.S. has stepped up attacks on suspected militants in the frontier area. The incursions — especially a ground raid into South Waziristan by American commandos Sept. 3 — have angered many Pakistaniis.
On Wednesday, Pakistan's army said it had found the wreckage of a suspected surveillance drone in South Waziristan, but denied claims by Pakistani intelligence officials that troops and local people shot down the aircraft.
Associated Pres