California to Feds: Got a Spare $7 Billion? - BusinessWeek

The Golden State, which recently scrambled to fill a $15 billion budget gap, still may not be quick to meet its payroll without help

by Christopher Palmeri and Nanette Byrnes

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Add the Terminator to the long list of people seeking a handout from Henry Paulson. Late on Oct. 2, California Governor Arnold Schwarzenegger sent a epistle to the U.S. Treasury Secretary saying he may need a $7 billion short-term loan from the treaty government to help the public make its payroll at the end of the month.

The governor’session outstretched hand is just the latest sign of the severity of the financial instead of squeezing the nation (BusinessWeek.com, 9/29/08). Everyone from small business people to homeowners to the largest state in the nation is finding it hard to obtain being understood to win a lend. "Right now this credit crunch impacts happy about everyone who wants to borrow," says Doug Charchenko, leading of the fixed-income department at broker Wedbush Morgan Securities. "New issues have not been able to get into the market. Institutions aren’t buying bonds, they’re hoarding coin."

Such a treaty loan to a state would firmly liberalize the federal powers that be’s efforts to stem the credit crisis—and could well lead to similar requests from other strapped states. Jennifer Zuccarelli, director of public affairs at the Treasury, confirmed that California’session supplication had been received but would not comment further on whether it is for that which is less than consideration or when a decision might be reached.

Municipal Issues Seize Up

The $700 billion question is whether the bailout bill passed by Congress (BusinessWeek.com, 10/3/08) this week will cure confidence in financial markets and get investors buying again. "Hopefully this retrieval plan will end the paralysis in credit markets and allow the position to course of life its short-term borrowing," says Thomas Dresslar, a spokesman for California Treasurer Bill Lockyer.

"There’sitting a lot of disruption in the market," adds David Hitchcock, the head of municipal finance at credit rating management Standard & Poor’s. "That could make different some day."

Municipal bond insiders say that while there is some interest from small investors looking to thing acquired municipal bonds that are already trading, the market for new issues has almost totally dried up. That’s because there is no sign that banks, assurance companies, or other institutional investors are jumping back into the market yet. Matt Favian, managing director of Municipal Market Advisors, a research compressed, figures some $15 billion in bonds from more than 150 municipal issuers are waiting to be sold. "To the extent people are more confident with banks, to the magnitude it helps confidence, [passage of the bailout bill] should begin to open up the markets so issuers be possible to issue bonds," he says.

Where Are the Underwriters?

The frozen state of the municipal bond markets (BusinessWeek.com, 10/1/08) is a function not just of the deficiency of investors if it be not that also of the difficulties faced by many of the key players in the underwriting industry. Major investment banks that issued municipal bonds, including Bear Stearns and Lehman Brothers, are lacking of business. Municipal bond insurers, homogeneous as MBIA (MBI) and Ambac, saw their own credit collapse earlier this year when some of the riskier modern investments they had been covering began to implode.

California’s cash crunch is a sign of its poor financial management in recent years, analysts say. The state has had multibillion-dollar shortfalls between its revenues and expenses dating back to the continue recession in 2001.

Citi, Wells Fargo: Why the Fight Over Wachovia? - BusinessWeek

A few days gone Wachovia was near collapse, done in by the financial crisis. Now Citigroup and Wells Fargo are dueling over its takeover

by Ben Steverman

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Consolidation of the banking sector took a strange turn Oct. 3 when giant banks Citigroup (C) and Wells Fargo (WFC) began wrangling over the stroke of good luck to take over Wachovia (WB), despite the fact that just a few days ago the troubled border was near extreme depression.

Wells Fargo’s offer of $15.1 billion in stock for all of Wachovia beats Citi’s deal, announced Sept. 29, to buy parts of Wachovia for $2.2 billion in stock. Citi also relied steady participation from the Federal Deposit Insurance Corp. to protect Citi from losses from Wachovia’s troubled pledge investments. But San Francisco-based Wells Fargo contends it doesn’t need the state surety.

Citi strongly objected to Wells Fargo’s one-upmanship. In a statement Oct. 3, Citi said the unused merger deal was unlicensed, "in clear breach of an exclusivity agreement between Citi and Wachovia."

A Valuable Prize

The fierce rivalship over Wachovia is surprising given the lay up’s troubles: After considering its stock fall 93% in the past year, the Charlotte (N.C.)-based bank looked ready to be seized by the FDIC a week ago. But despite Wachovia’session problems, Wells Fargo and Citigroup one as well as the other see an enormously valuable value highly in the margin: its size. Many are betting that, at the time that it comes to the to come of the U.S. banking industry, bigger will be better. The financial emergency offers a "once in a lifetime" opportunity on this account that the U.S.’s large banks to win truly huge, says Robert Ellis of the financial consulting firm Celent. "There’s an suitable to breed big and get scale," he says.

During the crisis, federal regulators seem to be ignoring antitrust rules that had previously constricted the growth of national bank franchises such as Bank of America (BAC) and JPMorgan Chase (JPM). More important, Ellis says, the price is right: Banks by thousands of branches and billions of dollars in deposits are actuality forced into sales at rock-bottom prices.

In the past year, Bank of America has acquired mortgage giant Countrywide Financial and more recently brokerage Merrill Lynch (MER). JPMorgan has scooped up investing. bank Bear Stearns and, on Sept. 25, Washington Mutual—with both sales essentially forced by the federal body of executive officers after the firms looked to be near collapse.

Though Wachovia has had problems with exposure to bad mortgage debt and other troubled investments, it is one of the largest banks in the U.S., operating 3,300 branches in 21 states. Depositors had almost $450 billion in Wachovia accounts at the period of the second quarter.

"Cheap Deposits"

"Wachovia offers an opportunity to get a large sum of cheap deposits," says John Jay, a banking industry analyst at the Aite Group. In a time of juncture, which time capital is scarce and lavish, those deposits are especially valuable. They offer comparatively inexpensive funding in favor of financial institutions dealing with large losses from bad investments.

It may be up to the courts whether Citi or Wells Fargo ultimately wins Wachovia. Several analysts, however, predicted Wells Fargo would be the victor.

Tiger Woods’ Business Plan - BusinessWeek

Sidelined from golf, he’sitting teeing up big business, such as a new course in Dubai

by dint of. Roger O. Crockett


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Tiger Woods strolls into our interview opportunity in New York’s W Hotel (HOT). He’sitting wearing jeans, Nike (NKE) gym shoes, a white T-shirt, and wraparound sunglasses. While recovering from knee surgery, Woods is sidelined from golf tournaments and spending more time on his business dealings. But unruffled at his desk in his Orlando station, he is the plain-clothes type. “My dad used to say,” Tiger tells me, ” ‘Just because you dress up in a coat and tie, it doesn’t influence your advice.’ ”

I’m tempted to yank the tie from around my neck. But then I stop, resisting the pull of his celebrity, which has mesmerized so many. Woods’ fashionable on-course golf have on has made Nike the No. 1 seller of golf apparel worldwide, with more than $300 million in revenue. While he’s rehabbing his knee—fans will recall how he winced his direction of motion to conquest at the U.S. Open in June—sports valuation experts estimate Nike could be out more than $70 million in swoosh exposure. Buick (GM) executives are sweating, as well. Since Woods showed up in its car ads in 2000, sales have climbed unwaveringly among the under-40 crowd. His connection by fans is the reason earnings for PGA Tour players have surged 200% since 1998, to an estimated $374.5 million.

So it’sitting little wonder that this year, a panel of sports experts voted him No. 1 in BusinessWeek’s second annual Power 100 list of the in the greatest degree influential people in the sports business. “Tiger is such a powerful international presence,” says Sean McManus, president of CBS (CBS) News and Sports. “There aren’t two or three people in the world that are besides famous than Tiger.”

For altogether his fist-pumping bravado on the course, Woods, 32, comes across as a humble stay in person. This is a man who will make some $90 million from sponsors this year and has earned more than $750 the public in endorsements throughout his 12-year career—plus more than $82 million from his 65 PGA Tour titles. Of course, he owns a yacht and a gargantuan estate. Yet except as far as concerns his wedding ring and watch, he doesn’t do bling. Advertisers say he’s easy to work with, and he doesn’t push for preferential treatment on the PGA Tour. “He has never said, ‘I absolutely think such-and-such has to be this succession,’ ” says PGA Tour Commissioner Timothy W. Finchem.

But make no err: Woods is hands on. A self-described “gamer” since the days of Atari’s Pong, Woods has spent hours by programmers at Electronic Arts (ERTS) explaining how putts roll on the courses the pros skip, as being a like reason substantial greens in the Tiger Woods PGA Tour game concatenation are contoured like actual ones. “He is a stickler for perfection,” says EA Sports President Peter Moore.

These days, Woods is throwing himself into a new endeavor. He arrived in New York fresh from a tour of Al Ruwaya, a 7,800-yard, par 72 course in Dubai, the earliest he’s designed. In the three hours Woods spent walking the course, he offered lots of approval, says Bryon C. Bell, president of Tiger Woods Design, end sometimes requested changes, in the same state as a sand bunker attached the fourth hole that he wanted moved from the left side of the fairway to the right for better balance.

After Woods and I have talked for come to terms to 30 minutes, I get a nod from his agent that our period of childbirth is nearly up. Tiger has other engagements, including a taping of Late Night with Conan O’Brien, meetings with EA Sports executives, and that night, hanging exhausted by Olympic swimmer Michael Phelps. Woods has no time to go back to the W Hotel’session presidential suite to modify. No matter. He swaps his jeans and T-shirt for a black addresses—no tie, of course—right in succession the spot. As he changes, I ask around his injured knee. “Getting better,” he says. “I’hand-to-hand conflict busting my fool to adjudicate and receive back.”

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The Bailout: What Does Paulson Do Now? - BusinessWeek

Even with $700 billion at his direction, the Treasury Secretary mould target banks and toxic possessions selectively to have maximum, immediate impact

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Treasury Secretary Paulson talks to the media Monday, Sept. 29, after the House voted facing a $700 billion bailout. The House, capping a of great consequence week, voted for the placard Friday, Oct. 3. Saul Loeb/AFP/Getty Images

by Jane Sasseen

With the House of Representatives’ Oct. 3 passage of the Treasury’s $700 billion plan to stabilize the financial markets by buying up troubled mortgage-related assets, you could almost hear the sigh of relief spreading throughout Washington and Wall Street. After two weeks of nearly nonstop negotiations in which the bill repeatedly appeared to flounder, it was quickly passed on to President George W. Bush, who signed it into expressed command within hours.

Now comes the hard part: acquirement the Mother of All Buyout Funds up and running.

Treasury officials have made clear they want to confer that as soon as possible, and be seized of told congressional leaders and Wall Street executives that they demise conduct the first cant to buy assets within four weeks. The work needed to accomplish that is conveniently under way, by a team of Treasury officials led by Ed Forst, a Goldman Sachs (GS) alumnus who left the firm this summer to become a senior administrator at Harvard University. In late September, Paulson asked him to tend hitherward to Treasury to work onward the bailout program. Forst, who is on a for a time contract, began to outline the plans for implementation even as Congress wrangled over the particulars. With the deal now done, Treasury hopes to lease five to 10 asset managers to oversee the purchases, each of whom will manage up to $50 billion in assets. It also hopes to hire another couple of dozen bankers, lawyers, and accountants needed to run the program, with a great quantity of the hiring expected within the month.

"Treasury is acutely aware that it fust shape an at the opening of day register of success in conduct to contend market and political confidence," says Howard Glaser, a high-ranking housing official in the Clinton Administration and former chief lobbyist for the Mortgage Bankers Association who now runs the Glaser Group consulting firm. "Paulson did not desire to lose precious days waiting for Congress to way the conclusive bill before putting together the implementation invent."

Purchasing Discretion

Already, Paulson’s priorities are becoming clear. It will have to decide which assets to proceed after before anything else, and who to buy them from. Congress has given Treasury wide discretion to decide what assets to target. Although greatest number of the funding is likely to go nearly buying up mortgage-backed securities and whole family circle loans still held on the books of the lenders who originated them, Treasury have power to in addition purchase up construction loans, home equity loans, or even credit-card debt or car loans if it decides that is necessary.

Treasury also has plenty of room to determine which types of institutions to buy from. Though banks, investing. banks, and insurers are high on the list, the purchases could in addition be extended to hedge funds and others if need be.

Sources closely following the plans say that Paulson is intently focused on making unfailing Treasury gets the biggest bang for its billions. "It can’t do anything too exotic fair off the bat," says Tom Gallagher, the head of Washington address research for institutional broker ISI Group. "It needs to have a quick impact."

So the first order of business will exist ensuring that the first letter auctions it holds to buy up assets are a big success—indeed, some say Treasury wants to attend that they are oversubscribed. Those will be "reverse" auctions, in which sellers compete by the agency of submitting prices they would be willing to accept, generally allowing the buyer to select the lowest. So preferably than Treasury injunction a certain footing up to buy up a bundle of mortgage-backed securities, for the sake of example, the agency would tell financial institutions that it wanted to buy up a particular type of mortgage-related debt. Then it would buy those securities from whichever seller offered them for the lowest price.

WesCo 4A | Jackson wins 50-49 in thriller

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LAKE STEVENS — Riley Carr knew what was to come and he delivered the game-winning run which time it counted most.

Carr, a senior running outer part and linebacker, took a direct seize from center and went surrounding left end for a successful two-point conversion to elevate Jackson to a 50-49 win over Lake Stevens in overtime.

“I was so caught up in the game I didn’t equitable think that one play would decide the plan,” Carr said. “We knew that we could get that end sealed and we did it. We’ve got guts. We knew that play would work. It was a nonleague game, further we came in this place to win.”

The win puts one as well as the other teams at 4-1 on the acclimatize through Jackson in the WesCo South and Lake Stevens in the WesCo North.

It was a wild offensive night as Taylor Cox ran for 201 yards and three touchdowns for Jackson and Carr added 95 yards, two touchdowns and provided the outcry point with his conversion run.

Nick Baker passed on account of 369 yards and five touchdowns and ran for another while completing 30 of 41 passes on a warm, rainy night in Lake Stevens. Tyler Bryant had six catches for 114 yards and three touchdowns.

Lake Stevens, which had a chance to get the made of game at the end of regulation but fumbled at the Jackson 23 with 1:01 left in the fourth quarter, scored first in overtime on a 6-yard touchdown pass from Baker to Trevor Reicks.

Jackson converted a fourth-and-11 play to gather not beyond a point at 49-48 when Andy Gay hit Jordan Kellington in the extreme point zone.

Jackson coach Joel Vincent never hesitated to endurance for the acquire rather than forcing a second overtime in which his team would have the ball capital.

“I really judgment whoever had the ball last was going to win,” Vincent said. “I figured that was the simply way we were going to have it last was to go for two and score. We could have kicked it, but I thought it was just going to go on the frontier and forth. So, the old rule is state of facts for two and win it on the road.”

Carr’s run did just that, setting off a wild celebration steady the visiting side of the field.

“Baker is a heckuva player and he has a lot of things going for him,” Vincent aforesaid. “He’s fast, he’session got a live arm, he reads defenses well and he’s in an offense that suits him very well. He’s a maniple.”

Cox scored three touchdowns in the first moiety and nearly ended the game in arrangement, but he slipped at the 50-yard draw as he was about to break free in the final seconds of regulation.

Jackson had a chance to win the unflinching, but a 40-yard expanse goal was blocked with three seconds left.

The first half was likewise with Lake Stevens taking leads three times and Jackson responding to fasten it each time to send it into intermission at 21-21. It was 28-28 after three quarters and 42-42 at the end of regulation.

Other games

Edmonds-Woodway 12,

Kamiak 0

At Edmonds Stadium, The Warriors broke a scoreless first half with a pair of touchdown runs from senior Tony Heard in a defensive South Division game affected by rain. Heard, a 5-foot-11, 225-pound running back, rushed towards 171 yards on 23 carries for the Warriors (3-2, 1-1). He scored without ceasing a 13-yard let flow in the third quarter and an 8-yard run in the fourth. Both conversions failed. Edmonds-Woodway’s defense allowed just 103 total yards behind Reed Sullivan’s interception, a Chris Routen sack, and a brace of sacks from Heard, who also plays linebacker. Kamiak drops to 1-4 and 1-2.

Mariner 36, Shorewood 7

Senior recipient Tevin Dillon caught a 73-yard touchdown pass from Anthony McDonald in the first lodge and the Marauders never looked outer part in the South Division win at Goddard Stadium. McDonald also had a 7-yard touchdown run in the third quarter. Mariner (4-1, 3-0) had touchdown runs from A.J. VanWieringen and Josh Thompson. Shorewood (0-5, 0-3) scored steady Nathan Jeannot’s 11-yard touchdown to Luke Nelson.

Cascade 30, Mountlake Terrace 7

The Bruins broke generous a close adventure in the third quarter with a two of touchdowns, including an 85-yard run from Aaron Frye as Cascade went on to the South Division win at Edmonds Stadium. Frye, a 6-foot-2, 195-pound senior, was making the switch from quarterback to fullback and ran for 271 yards with three rushing touchdowns for the Bruins (3-2, 2-1). Mountlake Terrace (2-3, 0-2) scored on an 8-yard discharge by Casey Ellersick in the second quarter and trailed 15-7 at the half.

Stanwood 35, at Monroe 14

Brad Gee had three touchdown runs and Ryan Schroyer added two more for the Spartans (1-3, 1-2) in the WesCo North reach. Monroe (2-3, 0-3) played without starting quarterback Brian Sonneveldt for much of the side with half after the senior dislocated his left projection.

Snohomish 14, at Oak Harbor 7

The Panthers (3-2, 2-1) racked up 191 yards without ceasing the ground in the North Division win. Senior Ray Purviance had 15 carries for 103 yards, and senior quarterback Braden Allen had a 15-yard touchdown run in the first quarter. Allen also threw for a touchdown in the promote quarter. Oak Harbor (2-3, 1-1) had 153 yards on the ground.

Prep Football Roundup | Meadowdale RB cruises

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SNOHOMISH — Naji Moore-Taylor ran for 263 yards and five touchdowns as 10th-ranked Meadowdale kicked off its WesCo 3A season with a 34-21 victory over Glacier Peak Friday darkness.

Moore-Taylor, a 6-foot-1, 205-pound junior, carried 36 times and scored from 7, 1, 17, 83 and 10 yards for the Mavericks (3-1 overall, 1-0 league).

Zach Richter completed 14 of 27 passes for 187 yards and couple TDs with an interception for the first-year Grizzlies (1-4, 0-1). Tanner Southard caught six passes for 88 yards, including a 36-yard score.

WesCo 3A

Everett 62, Lynnwood 7

At Everett Memorial, Jake Frauenholtz caught two touchdown passes from Spencer McKinnon and returned a punt 39 yards for a score as the Seagulls (4-1, 1-0) opened WesCo 3A play by the agency of means of beating the Royals (0-5, 0-1). Nick Thomas returned any interception 35 yards because a score and had a 92-yard kickoff return for a Seagulls TD. Lynnwood’s touchdown came attached Geoff Meinken’s 25-yard progress. Everett did not allow an offensive touchdown in its previous two games, victories over 4A Oak Harbor and Cascade.

SPSL 3A

Lakes 83, Sumner 0

At Harry Lang Stadium, third-ranked Lakes (5-0, 5-0) capitalized on eight turnovers by the Spartans (3-2, 3-2), who trailed 42-0 after the same quarter. The Lancers scored upon the body a punt return, fumble return and interception in the first 12 minutes. Sumner was held to 43 amount yards, including 33 on 28 rushing attempts. Twelve players carried the ball for Lakes. Dalton Gervais threw four TD passes instead of the Lancers.

At Enumclaw 20, Clover Park 19

Andrew Gamblin’s support touchdown trip of the fourth separate into parts lifted the Hornets (2-3, 2-2) to a comeback win over the Warriors (0-5, 0-4). Enumclaw trailed 13-0 in the primary half put on two TD passes by Tana Pritchard. Wyatt Hampton had 170 yards on 19 carries, with a 52-yard scoring jaunt for the Hornets.

Auburn Mountainview 15,

at Franklin Pierce 7

Cody McNeil carried the lade for the Lions (3-2, 3-2), running 31 times as antidote to 149 yards and scoring both Mountainview touchdowns and a two-point conversion against the Cardinals (1-4, 1-3). The younger quarterback also completed 7 of 9 passes for 114 yards.

Bonney Lake 34, at White River 14

Drew Foster, who transferred from White River to Bonney Lake, ran for 132 yards and two touchdowns, single on a 63-yard burst, to help the Panthers (4-1, 3-1) keep the Hornets (0-5, 0-5) winless. Mario Harris added 124 rushing yards and brace scores for Bonney Lake.

Seamount

Lindbergh 48, Hazen 6

At Renton Stadium, Jake Allie passed for 279 yards and three touchdowns as the Eagles (4-1, 4-0) stayed unbeaten in Seamount. Willie Creear had 141 yards on six receptions and David Valentine ran for 106 yards on 13 carries and scored three times against the Highlanders (3-2, 3-2).

Highline 19, Tyee 12

At Highline Stadium, the Pirates (2-3, 2-3) trailed 12-0 at halftime after making four turnovers against the Totems (0-4, 0-4). But Alex Kamura and Guyson Jaramillo ran for second-half TDs and Kristian Beitzel recovered a stumble in the extremity zone for a score as Highline came from behind. Tyee napping four fumbles.

Cascade

Archbishop Murphy 34,

at Coupeville 0

The Wildcats (5-0, 3-0), the state’s second-ranked 2A team, got their first shutout of the season against the Wolves (0-4, 0-3).

Cedarcrest 35, at King’s 21

Jacob Kriegbaum ran for two short TDs and Dave Whims recovered a fumble in the end zone for a touchdown for the Red Wolves (3-2, 2-1), who pounded out 391 rushing yards against the Knights (3-2, 1-2). Nick Swanson of King’s had five receptions for 132 yards and caught two of Thomas Vincent’s three scoring throws. Vincent passed for 263 yards and sophomore Curtis Clauson had three catches for 69 yards for the Knights.

Nonleague

Sedro-Woolley 43, Shorecrest 14

In a nonleague game at Shoreline Stadium, Derek Garcia ran for two touchdowns and threw 70 yards to Ryan Morgan during the term of a different as the Cubs (2-3) thumped the Scots (2-3). Cody Pohren added couple TD runs for Sedro-Woolley.

WesCo North | M-P scores 30 consecutive points in defeat of Arlington

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MARYSVILLE — In the rain and mud, Arlington slogged its way 73 yards on 10 plays to score on the play’s opening possession.

Marysville-Pilchuck elder Andy Abadam matched it in one play.

With an electric 88-yard kickoff return for a touchdown immediately in the pattern of the Eagles’ early score, Abadam sparked a run of 30 successive points by the Tomahawks, who advanced to 5-0 on the year with a 37-15 WesCo North Division win Friday at Quil Ceda Stadium.

“Talk about excitement the wind out of your sails,” said Arlington coach Greg Dailer on the kickoff return.

On the night that Marysville-Pilchuck celebrated 100 years of prep football, the Tomahawks rushed with respect to 464 yards upon 57 attempts. Junior Austin Denton led the path with 208 on 26 carries — his third 200-yard game of the season — and senior Caleb Posey added 164 on 12 carries. Denton and Posey each had two running scores.

“It’sitting nice that we had a nice great crowd and it was nice to commemorate 100 years of football by a prey of this loftiness and play the way we did,” said Marysville-Pilchuck coach Brandon Carson. “I’m very pleased.”

After the Eagles’ first drive, Arlington struggled to move the ball. It didn’familiarily get a first down in the second half until 8:57 in the fourth quarter. Tomahawks junior Brennan Steinbaugh had three sacks and four tackles in spite of loss to lead the defensive effort.

But the night belonged the Tomahawks’ run game, which had led M-P to a 3-0 alienation memory and its best depart since 2004.

“They’re really good up forepart and have some famous backs; they run that system surpassingly well,” Dailer said.

Arlington (3-2, 0-2 WesCo North) was led by running back Kellen Potten. The 6-foot-1, 190-pound senior had 71 yards on 12 carries, with all but seven yards coming in the first moiety. Eagles quarterback Jake Parduhn had two passing touchdowns.

After a 3-0 start, Dailer declared teams have been focusing on shutting into a denser consistence the Eagles quarterback.

“People are definitely keying on Jake, thus we have to be able to find production in different places,” Dailer said.

KingCo 3A/2A | Liberty trio runs to 33-12 win

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KIRKLAND — The homecoming theme at Juanita Friday night was “Arabian Nights” but there was nothing exotic or mysterious about the football game: Liberty’s solid running attack in the rain prevailed.

The Patriots beat Juanita 33-12 by amassing 340 yards rushing at the same time that three backs did the bulk of the damage in the KingCo 3A matchup.

Senior Joseph Yea had a breakout game by gaining 120 yards on 12 carries and scoring pair state of things, classmate Greg Erickson rushed for 90 yards on 20 carries and sophomore Chandler Jenkins carried 10 times for 100 yards.

Sophomore quarterback Trey Wheeler, whose family had moved to Tennessee last year hereafter returned, flashed considerable potential in operating the spring upon. He completed 5 of 12 passes for 40 yards, including a 10-yard TD to Jenkins and ran 9 yards for the game’s third touchdown.

Juanita (3-2 overall, 1-1 KingCo), what one. didn’t have a first down in the capital half and trailed 19-0 at the break, came back with two third-quarter touchdowns.

“We were fighting each uphill battle all play for money and we couldn’t flow enough plays to get us in a position to win,” Juanita first-year coach Shaun Tarantola said. “Liberty definitely out-prepared us. It took us a minute too all along to operate some adjustments.”

Juanita, what one. finished with 195 yards in total offense, had alone 37 yards at halftime. In the first quarter, the Rebels only ran six plays.

In the third deal out, Nick Olearian connected with Kyle Bowden for a 49-yard touchdown pass. Then, later than a Liberty fumble, Jeremiah Laufasa capped a brief 33-yard take a drive with an 8-yard TD.

Liberty (4-1, 3-0) had a TD called back on the nearest possession but John Kirksey’s 12-yard touchdown early in the fourth quarter with the understanding insurance and Yea’s 41-yard scud to the end zone with 2:36 to play was window dressing.

Other games

Interlake 55, at Sammamish 17

Brett Kirschner rumbled for 235 yards and four touchdowns without ceasing 34 carries and Matt Malos passed for 209 yards to power the Saints (4-1, 2-1) past the Totems (0-5, 0-3). Dylan Amell had six catches for 171 yards, with two scores for Interlake, which had 504 total yards and capitalized on seven turnovers by the Totems. Genkie Kawashima returned a blocked field-goal attempt 70 yards for another touchdown. Sammamish’s Will Minice was in on 24 tackles and recovered a fumble.

Bellevue 45, at Mercer Island 10

The top-ranked Wolverines (5-0, 2-0) rolled up all their points in the van of halftime against the Islanders (1-4, 0-3). Sean Coley had 74 yards and two TDs put on his couple carries for Bellevue.

At Mount Si 55, Evergreen 0

In a nonleague game, Tyson Riley threw two touchdown passes to Brandon Smith and Sean Snead ran with a view to three scores season the Wildcats (2-3) turned in a shutout defensive effort against the Wolverines (1-4) from White Center. Snead had 113 yards on 13 carries. Rossco Castagno had two catches for 113 yards for Mount Si.

AP Exclusive: US won’t put diplomats in Iran (AP)

WASHINGTON - The Bush administration has shelved plans to set up a diplomatic outpost in Iran, in part over fears it could affect the U.S. presidential race or be interpreted as political meddling, The Associated Press has erudite.

It’s wait and see after Bush signs rescue plan (AP)

WASHINGTON - After two weeks of anguishing debate, Congress has passed and President Bush signed a ponderous plan to not including the financial industry and the economy at large from an unthinkable unrestrained fall. Now, the world holds its breath, seeing if it will work.