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Bush to announce expanded bank bailout details- The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly expanding protections for the U.S. financial system out of deep concern for the faltering economy, industry and government officials said Monday night. President Bush planned to announce the details Tuesday morning.
- Japan's stock market soared in early trading Tuesday, leading a second-day rally in Asian stocks after Wall Street staged a dramatic comeback from its worst week ever.
McCain: Lewis' remarks on campaign tone are unfair- John McCain said Monday that it was unfair for Rep. John Lewis to compare the negative tone of the Republican presidential campaign to the atmosphere a segregationist fostered in the 1960s.
- Democratic U.S. Rep. Tim Mahoney, married with a child, declined to say Monday whether he had carried on an affair with a former aide and paid to keep her quiet, then called for an investigation by the House ethics committee into his own conduct.
2nd out-of-state teen dropped at Omaha hospital- A Michigan mother drove roughly 12 hours to Omaha, so she could abandon her 13-year-old son at a hospital under the state's unique safe-haven law, Nebraska officials said Monday.
Johnston speaks about Bristol Palin, Obama, baby- Levi Johnston, who's having a baby with Gov. Sarah Palin's daughter, can't believe all the things he's hearing. No, he wasn't held against his will on the campaign trail. No, he's not being forced into a shotgun wedding with 17-year-old Bristol Palin.
Wildfires force frantic evacuations near LA; 2 die- Two huge wildfires driven by strong Santa Ana winds burned into neighborhoods near Los Angeles on Monday, forcing frantic evacuations on smoke- and traffic-choked highways, destroying homes and causing at least two deaths.
Therapy helps hard-to-transplant get a new kidney- Nearly one in three patients who need a kidney transplant may never get one because their bodies are abnormally primed to attack a donated organ. Now doctors are trying new ways to outwit the immune system and save more of those so-called "highly sensitized" patients - often with kidneys donated by living donors, considered the optimal kind.
Janet Jackson cancels more concerts- The doctor has again ordered Janet Jackson to postpone a return to her "Rock Witchu" tour.
Rays bash Red Sox 9-1 to take 2-1 series lead- B.J. Upton, Evan Longoria and the rest of the Tampa Bay Rays are bashing their way through their first trip to the playoffs. Upton and Longoria homered off a suddenly shaky Jon Lester, and the power-packed Rays cleared the Green Monster four times to beat the Boston Red Sox 9-1 Monday for a 2-1 lead in the AL championship series.
NTSB Determination Concerning 2006 Train Accident is Faulty, Says Norfolk Southern
NORFOLK, Va.
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According to Norfolk Southern, its rail inspection and maintenance program complies with all applicable regulations, and even the NTSB concedes that Norfolk Southern tested more frequently than required by Federal Railroad Administration (FRA) regulation.
Norfolk Southern will file a formal petition for reconsideration and modification that will rely, in part, on newly available inspection data supplied to the NTSB last month, but not addressed in the Accident Report. Norfolk Southern's petition will defend the adequacy of its rail inspection and maintenance program and will seek to correct the record before the NTSB and any misconceptions on the part of the NTSB about that program and its consistency with the regulations.
"We take strong exception to any contention that we failed to perform a continuous search of our rail for internal defects or that our inspection and maintenance program is inadequate. In fact, many of our procedures exceed FRA standards," said Tim Drake, NS vice president engineering.
"Norfolk Southern used the best available track inspection technology and procedures at the time and used an expert rail defect detection contractor to inspect its rails at a frequency that exceeds FRA requirements. It is highly unlikely that any changes to NS' technology and procedures could have uncovered the flaw that caused the derailment," Drake added.
The
"Norfolk Southern has the lowest track-caused accident rate among all Class 1 railroads," Drake said. "Any suggestion that we short-cut track safety goes against the facts and is counter to our policy and practice."
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier
transportation companies. Its Norfolk Southern Railway subsidiary operates
approximately 21,000 route miles in 22 states and the
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