IEM Shows McCain Sinking

Overwhelmed by crashing stock markets and what is increasingly seen by even traditional conservatives as a Faustian bargain with the extreme right-wing core of his Republican Party, Sen. John McCain's chances of winning the Nov. 4 presidential elections have fallen sharply over the past three weeks. The IOWA ELECTRONIC MARKETS, run by the College of Business at the University of Iowa, is currently rating McCain's chances of winning the White House at less than one in six, significantly worse than the better than one-to-three odds it offered as recently as Sep 29. IPS is the Italian Press Service.