McCain Nomination Greeted By Economic Collapse

Here are the current Top Headlines at Bloomberg:

• Payrolls in U.S. Fall More Than Forecast; Jobless Rate at Five-Year High
• Mortgage Foreclosures in U.S. Rise at Fastest Pace in Almost Three Decades
• U.S. Stocks Decline After Unemployment Rate Unexpectedly Increases to 6.1%
• Merrill Lynch Cut to `Sell’ at Goldman; Credit-Market Writedowns May Rise
• Gabelli Says Investors Have Good Reason to Worry About Earnings Next Year
• McCain Vows to Change Washington, ‘Restore’ Republican Party’s Principles