Washington Mutual was founded more than a century ago to help rebuild Seattle after a catastrophic fire wiped out its business district. As the largest US savings and loan was closed and sold on the same day, hometown customers were shaken.

Commentary: Functional amnesia rules the day (Las Cruces Sun-News)
Thanks to computers and technology, people are forgetting how to do things they used to routinely do. Writers have forgotten how to spell, draftsmen have forgotten how to draw and clerks have forgotten how to count back change.

Top Scoops (Scoop.co.nz)
China and Venezuela have agreed plans for Venezuela to increase its oil exports to China to one million barrels a day. They will build at least one refinery to increase China’s refining capacity and also one in Venezuela.

Wachovia feels heat of investors’ concerns; reports of merger talks (USA Today)
Although Wachovia has been mentioned as one of the more troubled big U.S. banks, at least some analysts believe it is not at risk and is unlikely to suffer the same fate of Washington Mutual.

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