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1.The Dow Jones is continuing its volatile¹ ride at the time when the Dow was down over 500 points putting it below 10000 for the first time in four years. Despite the government's Wall Street bailout plan, credit markets are still strained.The Federal Reserve is taking fresh steps to help stablize the economy.

2.Police in California arrested the driver of a charter bus that crashed in Northern California. Authorities believed the driver was driving under the influence.The crash killed eight and injuried dozens as passengers were ejected and crushed by the rolling vehicle.

3.Democrats² are resurrecting Republican Presidential candidate John McCain's ties to the Keating Five scandal from two decades ago.It comes after his ticket mate,Sarah Palin, criticised Obama's ties to the founder³ of the Wheather Underground group which was blamed for several bombings when Obama was a child.

4.The 2008 Nobel Prize in medicine has been awarded to three European scientists for separate discoveries.Two French researchers were cited for their discovery of HIV. A German researcher was honored for finding viruses that cause cervical cancer.

WORDS IN THE NEWS

1.volatile means something changing or changeable. It can refer to:

In economics:

Volatility⁴ (finance), a measure of the risk in a financial instrument

2.eject v.

to throw out or off from within

3.resurrect
res‧ur‧rect vt.
to bring back an old activity, belief, idea etc that has not existed for a long time:
The Home Office have resurrected plans to build a new prison just outside London.
another failed attempt to resurrect his career

4.the Keating five 详情见此处

5.cervical cancer子宫颈癌