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