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Shares on Wall Street closed at their lowest levels in five years as hope dimmed in Washington for an emergency bailout of the auto industry.
Wednesday, November 19, 2008 Last Update:
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Dow Drops Below 8,000 in Another Stock Sell-offConsumer Price Decline Prompts Fear of DeflationConsumer prices fell in October by 1 percent, the largest drop in the history of the survey, raising the specter of deflation. 
Doug Mills/The New York Times
Hopes Dim for Quick Bailout for AutomakersThe chief executives, of G.M., left, Chrysler, center, and Ford, right, were unable to convince lawmakers to aid their industry by tapping the financial rescue program. New York Police Fight U.S. Over EavesdroppingThe New York Police Department wants the Justice Department and F.B.I. to loosen their approach to federal law that governs electronic surveillance, which federal officials have refused. Daschle to Be Nominee for Health Post in Obama CabinetTom Daschle, the former South Dakota senator, has accepted Mr. Obama’s offer to be Secretary of Health and Human Services, Democrats said. Recount Begins in Minnesota Senate RaceThe recount in the Minnesota Senate race between the incumbent Republican, Norm Coleman, and his Democratic challenger, Al Franken, has begun. Iraqi Lawmakers Brawl Over Security PactA session of Iraq’s Parliament collapsed in chaos as a discussion among lawmakers about a security agreement boiled over into shouting and physical confrontation. For Studio, Vampire Movie Is a Cinderella StoryTiny Summit Entertainment finds itself sitting atop one of the biggest pop-culture phenomena of recent years.
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