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Mark Begich Leads Ted Stevens By 3,700 Votes In Alaska Senate Race
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Posted By: Intellpuke
2008-11-18 21:05:10 (6 hours ago)
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Anchorage Mayor Mark Begich's lead over Sen. Ted Stevens is growing as
ballot counting continues Tuesday in the race for U.S. Senate.
The latest numbers, issued just before 1 p.m., show Begich up by 3,724 votes.
The
state has counted over 24,000 absentee and questioned ballots Tuesday
from Southeast Alaska, Anchorage, the Kenai Peninsula and Kodiak.
The only votes left to count are approximately 2,500 special
absentees from people living outside the U.S. or in remote parts of
Alaska with no polling place.
The state will count those final ballots on Nov. 25.
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Russia To Build Nuclear Reactor For Venezuela's Chavez
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Posted By: Intellpuke
2008-11-18 20:18:00 (7 hours ago)
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Russia's deepening strategic partnership with Venezuela took a
dramatic step forward Tuesday when it emerged that Moscow has agreed to
build Venezuela's first nuclear reactor.
President Dmitry Medvedev is expected to sign a nuclear cooperation agreement with his Venezuelan counterpart, Hugo Chavez, during a visit to Latin America next week, part of a determined Russian push into the region.
The
reactor is to be named after Humberto Fernandez Moran, a late
Venezuelan research scientist and former science minister, announced
Chavez. It is one of many accords he hopes to sign while hosting
Medvedev in Caracas next week.
The prospect of a nuclear deal
between Moscow and Caracas, following a surge in Russian economic,
military, political and intelligence activity in Latin America, is
likely to alarm the U.S. and present an early challenge to the Obama administration.
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Industrialized World Falling Short Of Climate Goals
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Posted By: Intellpuke
2008-11-18 16:58:13 (10 hours ago)
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A new report released by the United Nations shows that
climate-damaging C02 emissions in the industrialized world have
rebounded in the 21st century after dropping to levels emitted in the
1990s.
After a sharp dip following the collapse of the Soviet Union, global
greenhouse gas emissions in industrialized countries began rising again
between 2000 and 2006, according to a disappointing new report released
on Monday by the United Nations.
Although CO2 levels are still down almost 4.7 percent compared with
the baseline year of 1999, they rose 2.3 percent in the first seven
years of the new century, from 17.6 billion tons in 2000 to 18 billion
tons in 2006.
The report, which gathered information about 40 industrialized
economies, showed an especially sharp rise in emissions from former
Soviet bloc countries, whose emissions shot up 7.4 percent since 2000.
The spike was not unexpected given the rapid recovery many post-Soviet
economies have made after floundering in the 1990s.
Significantly, the report includes no information about economies in
the developing world. Under the Kyoto Protocol, non-industrialized
countries are under no obligation to either reduce emissions or even
gather data on them.
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Dow Rises 151 Points As Markets End Volatile Session
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Posted By: Intellpuke
2008-11-18 16:57:42 (10 hours ago)
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Wall Street struggled to undo a day of losses late Tuesday, and the
Dow moved higher in the last hour as the Big Three American automakers
took their case for a bailout to Capitol Hill.
After bounding higher on a strong outlook from Hewlett Packard that
offered a rare glimmer of economic good news, financial markets fell
into negative territory around in the afternoon before fighting back.
The Dow Jones industrial average closed 151.17 points or 1.8 percent
higher. The broader Standard & Poor’s 500-stock index was up 0.98
percent or 8.37 points while the technology-heavy Nasdaq was flat
despite comments from Hewlett Packard.
“High volatility is now the norm,” said Brian Belski, chief United States sector strategist at Merrill Lynch. “It wouldn’t be a regular day in the market unless you see these big swings.”
Shares of the home-improvement retailer Home Depot lost their early gains and were slightly higher after the company
reported third-quarter earnings that beat Wall Street expectations. The
home-supply chain reported earnings of 45 cents a share, compared with
estimates of 38 cents.
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Czech Police Stop Rioters From Attacking Roma Camp
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Posted By: Intellpuke
2008-11-18 16:57:14 (10 hours ago)
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Police in the Czech Republic battled 500 right-wing protesters on
Monday who were trying to attack a Roma community with Molotov
cocktails, machetes and pitch forks. The incident is part of a
troubling pattern emerging in Europe.
Czech police battled hundreds of far-right rioters armed with an
array of weapons north of Prague on Monday in a successful attempt to
prevent them from entering a Roma neighborhood.
The riot took place in the northern town of Litvinov, which lies 110
kilometers (68 miles) northwest of Prague. The estimated 500 members of
the far-right Workers' Party had gathered for a march in the town
before suddenly turning off the approved route toward Janov, a section
of the town with a large Roma community.
Their progress was blocked by an estimated 1,000 police officers,
who were also seeking to contain an estimated 300 Roma men, who had
gathered to defend their community, many armed with sticks and knives,
according to the Web site of Radio Prague.
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Bush Moves To Protect Key Appointees
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Posted By: Intellpuke
2008-11-18 14:02:34 (13 hours ago)
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Just weeks before leaving office, the Interior Department's top
lawyer has shifted half a dozen key deputies - including two former
political appointees who have been involved in controversial
environmental decisions - into senior civil service posts.
The
transfer of political appointees into permanent federal positions,
called "burrowing" by career officials, creates security for those
employees, and at least initially will deprive the incoming Obama administration of the chance to install its preferred appointees in some key jobs.
Similar
efforts are taking place at other agencies. Two political hires at the
Labor Department have already secured career posts there, and one at
the Department of Housing and Urban Development is trying to make the switch.
Between March 1 and Nov. 3, according to the federal Office of Personnel Management (OPM), the Bush administration allowed 20 political appointees to become
career civil servants. Six political appointees to the Senior Executive
Service, the government's most prestigious and highly paid employees,
have received approval to take career jobs at the same level. Fourteen
other political, or "Schedule C," appointees have also been approved to
take career jobs. One candidate was turned down by OPM and two were
withdrawn by the submitting agency.
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Automakers' Clout Plunges - Union, Too
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Posted By: Intellpuke
2008-11-18 14:02:10 (13 hours ago)
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When the leaders of the three Detroit auto companies and the United
Automobile Workers union travel to Washington to make their case for a
federal bailout, they will be flying into stiff headwinds of public
opinion.
Thus far, much of the commentary in Washington, D.C., in the pages of
major newspapers and on the Web, has been against providing financial
support for the companies, which they will say they desperately need in
hearings that began Tuesday.
The waves of criticism have been so strong that Susan Tompor, a
columnist for The Detroit Free Press, was moved to write on Sunday’s
front page: “I never knew Detroit was a dirty word.”
It is a remarkable shift for an industry that has long wielded considerable clout in Washington, D.C.
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California Firefighters Have Wildfires In Hand As Residents Return To Survey Damage
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Posted By: Intellpuke
2008-11-18 14:00:59 (13 hours ago)
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Winds remained calm Tusday and the air started to clear, allowing
firefighters to make more headway against wildfires that have burned
through Southern California.
Residents who fled the flames steeled themselves for the worst as
authorities prepared to escort more people back into the Oakridge
Mobile Home Park in Sylmar - the "Beverly Hills of mobile home parks" -
now a devastated neighborhood that looks more like a war zone than a
country club.
The Orange County Fire Authority planned to lift final evacuation
orders at 10 a.m. today for the Chino Hills area, where the Freeway
Complex fire charred 28,889 acres in Corona, Chino, Yorba Linda, Brea
and Anaheim.
"The firefight is over," said Marlene Heisey, an information officer
with the California Department of Forestry and Fire Protection.
Still, firefighters are keeping a watchful eye on wind and weather.
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2,000 Riot In Northwestern China Over Plan To Raze City Center
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Posted By: Intellpuke
2008-11-18 14:00:20 (13 hours ago)
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An angry crowd of 2,000 rioted in northwest China's Gansu province over
a government plan to demolish a downtown area, torching cars and
attacking a local Communist Party office, injuring 60 officials,
state-run media reported Tuesday.
At one point, rioters met a surging wall of armed police officers with
a hail of rocks, bricks, bottles and flowerpots. The crowd later
confronted police with iron bars, axes and hoes as they tried to hijack
a fire truck and smashed windows and office equipment in two government
buildings.
The violence, one of the most marked instances of social unrest to grip
China in recent months, was sparked by government plans to relocate the
city of Longnan's administrative center after May's devastating
earthquake, according to the Xinhua news agency.
State-run press has reported on numerous pickets and demonstrations
that have broken out across China in recent weeks, including a two-day
strike by disgruntled taxi drivers in the southwestern Chinese city of
Chongqing.
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Editorial: The Bailout's Next 60 Days
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Posted By: Intellpuke
2008-11-17 22:29:35 (1 days ago)
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Intellpuke: This editorial appeared in the New York Times edition for Monday, November 17, 2008.
A month into the Bush administration’s $700 billion bank bailout, the
effort has become as fractured as the ad hoc rescues that it was
supposed to replace. As a result, the modest easing the bailout
initially brought about in the credit markets is now being reversed
over doubts about the Treasury’s stewardship of the plan.
The rates for loans between banks have begun edging up again, and
consumer borrowing costs are also up - that is, assuming consumers can
find a bank willing to lend.
President-elect Barack Obama’s
transition team is reportedly planning how the new administration will
better manage the bailout. But two months is a long time to wait while
the Bush Treasury burns through the bailout billions, with little to
show in terms of enhanced stability and even less in terms of enhanced
confidence.
Last week Treasury Secretary Henry Paulson outlined
a complex new bailout strategy intended to promote consumer borrowing.
Mr. Paulson defended this latest iteration, saying he would never
apologize for changing his approach as the facts change. But it is not
surprising that everyone else is feeling whiplashed.
Before the
bailout even got under way in October, Mr. Paulson had to sideline his
original strategy - to buy up banks’ bad assets - because, he soon came
to realize, it was too complex and indirect to deliver the swift jolt
the financial markets needed.
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Iraq's Anti-Corruption Officials Quietly Dismissed
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Posted By: Intellpuke
2008-11-17 22:29:12 (1 days ago)
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The government of Iraq Prime Minister Nuri Kamal al-Maliki
is systematically dismissing Iraqi oversight officials, who were
installed to fight corruption in Iraqi ministries by order of the
American occupation administration, which had hoped to bring Western
standards of accountability to the notoriously opaque and graft-ridden
bureaucracy here.
The dismissals, which were confirmed by senior Iraqi and American
government officials on Sunday and Monday, came as estimates of
official Iraqi corruption soared. One Iraqi former chief investigator
recently testified before Congress that $13 billion in reconstruction
funds from the United States had been lost to fraud, embezzlement,
theft and waste by Iraqi government officials.
The moves have not been publicly announced by Maliki’s
government, but word of them has begun to circulate through the layers
of Iraqi bureaucracy as Parliament prepares to vote on a long-awaited
security agreement.
That pact sets the terms for continued American presence here after the United Nations mandate expires Dec. 31, but also amounts to a framework for a steady
reduction in that presence. Such a change will undoubtedly lessen
American oversight of Iraqi institutions.
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Dow Drops 224 Points After Citigroup Announces Job Cuts
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Posted By: Intellpuke
2008-11-17 21:45:51 (1 days ago)
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Stocks fell sharply Monday as Citigroup announced plans to eliminate
more than 50,000 positions and retailers' woes appeared to deepen.
Citigroup's jobs cuts are in addition to the 23,000 the company
already announced this year and will bring its workforce to about
300,000. The struggling New York bank also said it would also cut
expenses by 20 percent after posting four straight quarters of losses.
The company's stock was down 6.6 percent, making it one of the
biggest losers on the Dow Jones industrial average. It has lost nearly
two-thirds of its value this year.
The Dow Jones industrial average closed down 2.6 percent, or 224
points, and the Standard & Poor's 500-stock index also was down 2.6
percent, or 23 points. The tech-heavy Nasdaq was down 2.3 percent, or
35 points. Stocks spent a short part of the day in positive territory
but for the most part were down.
One of the Dow's few bright spots was General Motors, which was up
5.7 percent. The company has said it could run out of money next year,
but investors appear optimistic about a $25 billion emergency bill Democrats are expected to unveil on Capitol Hill Monday to help the struggling auto industry. President Bush and congressional
Republicans have opposed the legislation because it would use cash from
the $700 billion financial rescue program Congress created to shore up
the U.S. banking system.
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Toxic Chemicals Blamed For Gulf War Syndrome
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Posted By: Intellpuke
2008-11-17 21:45:34 (1 days ago)
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Gulf War illness, dismissed by some as a psychosomatic disorder, is
a very real illness that affects at least 25 percent of the 700,000
U.S. veterans who took part in the 1991 Gulf War.
It's likely
cause was exposure to toxic chemicals that included pesticides that
were often overused during the war, as well as a drug given to U.S.
troops to protect them from nerve gas, a frequent weapon of choice of
former Iraqi leader Saddam Hussein.
And no effective treatments have been devised for the disorder.
Those
are three key conclusions of a Congressionally mandated landmark report
released Monday by a federal panel of scientific experts and veterans.
"It
is very clear that Gulf War illness is a real condition that was not
caused by combat stress or other psychological factors," said Lea
Steele, scientific director of the Research Advisory Committee on Gulf
War Veterans' Illnesses, which issued the report, and an associate
professor at Kansas State University.
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Pirates Take Saudi 'Super Tanker' Toward Somalia
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Posted By: Intellpuke
2008-11-17 21:44:53 (1 days ago)
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Pirates who hijacked a crude oil tanker off the coast of Kenya are approaching a Somali port, the U.S. Navy said Monday.
The Sirius Star - a crude "super tanker" flagged in Liberia and
owned by the Saudi Arabian-based Saudi Aramco company - was attacked
on Saturday more than 450 nautical miles southeast of Mombasa, Kenya.
The crew of 25, including British, Croatian, Polish, Filippino and Saudi nationals, are reported to be safe
U.S. Navy Fifth Fleet Cmdr. Jane Campbell said the super tanker weighs
more than 300,000 metric tons and "is more than three times the size of
a U.S. Navy aircraft carrier."
Oil industry insiders say a
tanker of this size can carry up to 2 million barrels of oil, and the
ship's operator, Dubai-based Vela International Marine Ltd, says it is
fully laden.
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Credit Card Companies Slash Spending Limits On Card Holders
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Posted By: Intellpuke
2008-11-16 16:30:59 (2 days ago)
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Cecil Bello has stumbled into a new corner of the credit squeeze.
The 32-year-old management consultant has had the limits reduced on
three of her credit cards.
In September, U.S. Bank notified the Fairfax County resident that she no longer had a $14,500 limit on a card that had a
balance of about $5,000. Her new limit left her just $500 from being
maxed out, she said.
Then came an Oct. 26 letter from American Express that said she now had a limit of $14,000, down from $22,000. That
letter said her "total debt is too high relative to your payment
history with us and other creditors."
Early this month, she
received an e-mail from American Express notifying her that another
card with a $5,000 limit had been reduced to $3,000 and that her new
cash advance limit was down to $200.
Bello said she had made more than the minimum payments on time each month.
"I
am taking responsibility for paying off my debt," she said. "But when
credit card companies trap people this way, it's almost impossible to
dig yourself out of the hole."
Like many other card users, Bello
has learned the hard way that credit card companies are increasingly
putting the clamps on their customers. Lenders are taking a wide range
of steps to mitigate their risk as unemployment rates tick up and the
number of delinquent borrowers grows. Besides cutting credit limits,
card companies are raising rates and fees, and suspending offers such
as zero percent balance transfers. They are also making rewards
programs less rewarding and shutting down inactive accounts, said industry
analysts and watchdogs.
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Obama Vows 'New Chapter' On Global Warming At Meeting With Schwarzenegger
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Posted By: Intellpuke
2008-11-18 20:18:14 (7 hours ago)
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Barack Obama Tuesday renewed his promise to make a decisive break with George Bush on
the environment, using a summit convened by California Gov. Arnold Schwarzenegger to
promise a "new chapter in America's leadership on climate change".
The
video appearance by Obama confirmed Schwarzenegger's role as a global
leader on climate change, a position shored up only hours before when
the California governor set a bold new target for his state to get a
third of its electricity from renewable sources by 2020.
In his
address, the president-elect accused Bush of failing to show leadership
on the issue of climate change. "That will change when I take office,"
he said.
He went on to lay out an ambitious agenda, beginning
with targets aimed at reducing greenhouse gas ambitions to 1990 levels
by 2020. He also reiterated a campaign pledge to invest $15 billion each year
in development of clean technology - including coal and nuclear power.
"This investment will not only help us reduce our dependence on foreign oil, making the United States more secure. And it will not only help us bring about a clean energy future, saving our planet. It will also help us transform our
industries and steer our country out of this economic crisis by
generating five million new green jobs that pay well and can't be outsourced."
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Western Secrets For Russia - Estonian Spy Scandal Shakes NATO And E.U.
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Posted By: Intellpuke
2008-11-18 16:58:23 (10 hours ago)
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For years an Estonian government official has apparently been
collecting the most intimate secrets of NATO and the European Union,
passing them on to the Russians. The case is a disaster for Brussels,
Belgium, where the E.U. is headquartered.
Communications between the suspected top spy and his commanding
officer seemed like a throwback to the Cold War. Investigators allege
that in order to send messages to his Russian contact, Herman Simm, 61,
used a converted radio which looked like a relic from yesteryear's
world of consumer electronics. But there was nothing old-fashioned
about what Simm, a high-ranking official in the Estonian Defense
Ministry in Tallinn, reportedly transmitted to Moscow over the years.
It was the very latest intelligence information.
Although Simm was arrested with his wife Heete in the Estonian
capital Tallinn on Sept. 21, this spy story - which has been largely
kept under wraps until now - primarily concerns the European Union and
NATO based in faraway Brussels. Since Simm was responsible for dealing
with classified information in Tallinn, he had access to nearly all
documents exchanged within the E.U. and NATO. Officials who are familiar
with the case assume that "virtually everything" that circulates
between E.U. member states was passed on to the Russian Foreign
Intelligence Service, the SVR - including confidential analyses by
NATO on the Kosovo crisis, the war in Georgia and even the missile
defense program. Investigators believe that Simm is a "big fish."
Meanwhile, a number of investigative teams from the E.U. and NATO have
flown to Tallinn to probe the extent of the intelligence disaster. The
investigation is being led by the NATO Office for Security, which is
headed by an American official. As investigators pursue their work,
they continue to unearth mounting evidence pointing to the enormity of
the betrayal. A German government official has called the situation a
"catastrophe," and Jaanus Rahumagi, a member of Estonia's national
parliament who heads the parliamentary oversight committee for the
government security agency, fears "historic damage."
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Interview: 'The Finance Crisis Will Effect Climate Policies'
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Posted By: Intellpuke
2008-11-18 16:58:03 (10 hours ago)
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Intellpuke: In an interview with Spiegel Online, Yvo de Boer, executive secretary of the United Nations Framework Convention on
Climate Change, discusses how the current financial crisis will dampen
national initiatives to curb greenhouse gas emissions and why he still
has hopes Kyoto targets can be reached. The interview follows:
SPIEGEL ONLINE: Mr. de Boer, since 2000, the industrialized
nations have continued to increase their greenhouse gas emissions. Has
the world failed in moving to protect the climate?
de Boer: I don't think so. We have released data from 2006 - in
other words, just one year after the Kyoto Protocol went into effect.
Emissions keep rising, but they will start going down. The countries
that signed the Kyoto Protocol are still in a position to reach their
goals.
SPIEGEL ONLINE: But it still seems like many of these countries,
such as Japan, aren't paying much attention to their climate-protection
obligations.
de Boer: Japan certainly does have a long way to go before it
reaches its goals. But the country is changing its policies, and it is
also planning on purchasing international emissions rights. That's why
I'm certain that Japan will reach its Kyoto goal.
SPIEGEL ONLINE: And how do things look with Canada?
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Congressmen Renew Call For Homeowner Help
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Posted By: Intellpuke
2008-11-18 16:57:29 (10 hours ago)
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Financial officials faced new calls on Tuesday from House lawmakers
to aim more of the government’s financial relief package at programs
that would directly help homeowners avoid foreclosure, as the lame-duck
Congress began considering how to most effectively stem the credit crisis facing financial institutions, the auto industry and the economy as a whole.
At a hearing on Tuesday morning of the House Committee on Financial
Services, several members expressed dismay at the prospect of a
continuing or even accelerating avalanche of foreclosures, despite the
commitment of hundreds of billions of dollars to the broad bailout program being put into effect by the Bush administration. Later in the
day, the Senate Banking Committee was scheduled to hear from the auto
industry.
Representative Barney Frank, the committee chairman and an architect of the compromise that produced
the bailout bill, read from several pages of the legislation that he
said authorized more direct steps on behalf of homeowners. And one
member after another, especially among the Democrats, urged Treasury
Secretary Henrry M. Paulson, Jr.,
who runs the main program aimed at troubled loans and the lenders who
issued them, to do more to encourage renegotiation of loans on houses
that have plummeted in value.
Paulson, testifying along with the heads of the Federal Reserve and the Federal Deposit Insurance Corporation, two other crucial players in the economic rescue efforts, said they
were focusing on economic stabilization, but Frank complained that
the underlying problem of foreclosures was not being effectively
addressed.
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Before Congress, Paulson Defends Changes To Bailout Plan
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Posted By: Intellpuke
2008-11-18 14:02:41 (13 hours ago)
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Treasury Secretary Henry M. Paulson, Jr., defended his decisions on
using the $700 billion financial rescue package, arguing that worsening
conditions forced him to repeatedly change direction on how to use the
money and that the actions taken would be no "panacea" for the economy.
Congressional
leaders expressed deep skepticism of Paulson's use of the emergency
package, passed in early October. After selling the plan as a tool to
take troubled assets off the books of banks, the Treasury Department is
now using the money to make investments in banks and other financial
firms, and many of those firms are using that money to acquire weaker
competitors rather than to make loans to customers.
Paulson has
been reluctant to use the rescue package to directly aid homeowners at
risk of foreclosure, to the frustration of congressional Democrats.
Moreover, many in Congress are frustrated that the deployment of
billions of dollars has not brought stability to financial markets.
"There
is no playbook for responding to turmoil we have never faced," Paulson
told the House Financial Services Committee Tuesday morning. "We adjusted
our strategy to reflect the facts of a severe market crisis."
"The
purpose of the financial rescue legislation was to stabilize our
financial system and to strengthen it. It is not a panacea for all our
economic difficulties," Paulson said in prepared testimony. "The crisis
in our financial system had already spilled over into our economy and
hurt it."
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Editorial: U.S. - The Wrong Place To Be Critically Ill
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Posted By: Intellpuke
2008-11-18 14:02:19 (13 hours ago)
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Intellpuke: This editorial appeared in the New York Times edition for Monday, November 17, 2008.
Chronically ill Americans suffer far worse care than their counterparts
in seven other industrial nations, according to a new study by the
Commonwealth Fund, a New York-based foundation that has pioneered in
international comparisons. It is the latest telling evidence that the
dysfunctional American health care system badly needs reform.
The results of the study, published by the respected journal Health
Affairs, belie the notion held by many American politicians that health
care in this country is the best in the world. That may be true at a
handful of pre-eminent medical centers, but it is hardly true for the
care provided to a huge portion of the population.
The
Commonwealth Fund’s survey of 7,500 patients in Australia, Canada,
France, Germany, the Netherlands, New Zealand, Britain and the United
States focused on patients who suffered from at least one of seven
chronic conditions: hypertension, heart disease, diabetes, arthritis,
lung problems, cancer or depression.
The care they received in
this country - or more often did not receive - ought to be a cause for
shame. More than half of the American patients went without care
because of high out-of-pocket costs. They did not visit a doctor when
sick, skipped a recommended test or treatment or failed to fill a
prescription. The uninsured suffered most, but even 43 percent of those
who had insurance all year skipped care because of costs.
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Web Sites That Dig For News Rise As Watchdogs
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Posted By: Intellpuke
2008-11-18 14:01:16 (13 hours ago)
[Read 71 times || 0 comments]
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Over the last two years, some of this city’s darkest secrets have
been dragged into the light - city officials with conflicts of interest
and hidden pay raises, affordable housing that was not affordable,
misleading crime statistics.
Investigations ensued. The chiefs of two redevelopment agencies were
forced out. One of them faces criminal charges. Yet the main
revelations came not from any of San Diego’s television and radio
stations or its dominant newspaper, The San Diego Union-Tribune, but
from a handful of young journalists at a nonprofit Web site run out of
a converted military base far from downtown’s glass towers - a site
that did not exist four years ago.
As America’s newspapers shrink and shed staff, and broadcast news
outlets sink in the ratings, a new kind of Web-based news operation has
arisen in several cities, forcing the papers to follow the stories they
uncover.
Here it is VoiceofSanDiego.org, offering a brand of serious, original reporting by professional
journalists - the province of the traditional media, but at a much
lower cost of doing business. Since it began in 2005, similar
operations have cropped up in New Haven, the Twin Cities, Seattle, St.
Louis and Chicago. More are on the way.
Their news coverage and hard-digging investigative reporting stand
out in an Internet landscape long dominated by partisan commentary,
gossip, vitriol and citizen journalism posted by unpaid amateurs.
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Archaeologists Find Ancient Monument To The Soul
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Posted By: Intellpuke
2008-11-18 14:00:38 (13 hours ago)
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In a mountainous kingdom in what is now southeastern Turkey, there
lived in the eighth century B.C. a royal official, Kuttamuwa, who
oversaw the completion of an inscribed stone monument, or stele, to be
erected upon his death. The words instructed mourners to commemorate
his life and afterlife with feasts “for my soul that is in this stele.”
University of Chicago archaeologists who made the discovery last summer in ruins of a walled
city near the Syrian border said the stele provided the first written
evidence that the people in this region held to the religious concept
of the soul apart from the body. By contrast, Semitic contemporaries,
including the Israelites, believed that the body and soul were
inseparable, which for them made cremation unthinkable, as noted in the
Bible.
Circumstantial evidence, archaeologists said, indicated that the
people at Sam’al, the ancient city, practiced cremation. The site is
known today as Zincirli (pronounced ZIN-jeer-lee).
Other scholars said the find could lead to important insights into
the dynamics of cultural contact and exchange in the borderlands of
antiquity where Indo-European and Semitic people interacted in the Iron
Age.
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Newest U.S. Veterans Hit Hard By Economic Crisis
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Posted By: Intellpuke
2008-11-17 22:29:49 (1 days ago)
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After a mortar sent Andrew Spurlock hurtling off a roof in Iraq,
ending his Army career in 2006, the seasoned infantryman set aside
bitterness over his back injury and began to chart his life in
storybook fashion: a new house, a job as a police officer and more
children.
“We had a budget and a plan,” said Spurlock, 29, a father of
three, who with his wife, Michelle, hoped to avoid the pitfalls of his
transition from Ramadi, Iraq, to Apopka, Florida.
The move proved treacherous, as it often does for veterans. The
job with the Orange County Sheriff’s Office fell through after
officials there told Spurlock that he needed to “decompress” after
two combat tours, a judgment that took him by surprise. Scrambling, he
settled for a job delivering pizzas.
Spurlock’s disability claim for his back injury took 18 months
to process, a year longer than expected. With little choice, the couple
began putting mortgage payments on credit cards. The family debt
climbed to $60,000, a chunk of it for medical bills, including for his
wife and child. Foreclosure seemed certain.
While few Americans are sheltered from the jolt of the recent
economic crisis, the nation’s newest veterans, particularly the
wounded, are being hit especially hard. The triple-whammy of injury,
unemployment and waiting for disability claims to be processed has
forced many veterans into foreclosure, or sent them teetering on its
edge, according to veterans’ organizations.
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Jerry Yang Plans To Step Down As Yahoo Chief
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Posted By: Intellpuke
2008-11-17 22:29:27 (1 days ago)
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Yahoo said Monday evening that Jerry Yang, its chief executive, would step down from that role after the company finds a replacement.
Yang, a co-founder of Yahoo, assumed control of the company a
year and a half ago from Terry Semel, a Hollywood studio boss that he
hand-picked for the job. His tenure has been a tumultuous period during
which Yahoo rejected a $47.5 billion takeover offer from Microsoft and failed to cement an advertising partnership with Google.
The Microsoft offer was worth $33 a share - more than three times
Yahoo’s closing price of $10.63 on Monday. The stock was up more than 4
percent in after-hours trading.
Yang, 40, helped turn Yahoo from an early directory of Web sites
into a sprawling Internet giant that is used by nearly 500 million
people; but shareholders have been asking whether
Yang was the right man to run the company, which last month cut its
sales forecast and announced plans to lay off workers.
“It’s definitely a positive from a shareholder perspective,” Ross
Sandler, an analyst at RBC Capital Markets, said of Yang’s
departure. “Jerry has done less than a stellar job since taking the
reins from Terry Semel last year, not just completely botching the
Microsoft deal, but with poor execution and multiple company
restructurings that have done little to restore confidence for any of
Yahoo’s shareholders, employees or customers.”
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Obama, McCain Meet In Chicago
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Posted By: Intellpuke
2008-11-17 22:28:55 (1 days ago)
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President-elect Barack Obama and Senator John McCain agreed on Monday, in their first meeting since the election, to work
together on some of the nation’s most pressing challenges, from the
financial crisis to national security problems.
After a private meeting in the Obama transition offices on the 38th
floor of the Kluczynski Federal Building in downtown Chicago, the two
men issued a joint statement saying that they agreed “that Americans of
all parties want and need their leaders to come together and change the
bad habits of Washington so that we can solve the common and urgent
challenges of our time.”
The statement continued: “We hope to work together in the days and
months ahead on critical challenges like solving our financial crisis,
creating a new energy economy, and protecting our nation’s security.”
There were few other clues to the dynamics between the two men, who
until two weeks ago were vying for the presidency, and whose relations
during the campaign were at times a bit frosty. When a reporter asked
Senator McCain at the outset of the meeting on Monday whether he would
help Obama with his administration, he replied, “Obviously.”
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Citigroup To Cut 50,000 Jobs After Posting $20 Billion Loss
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Posted By: Intellpuke
2008-11-17 21:45:43 (1 days ago)
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Citigroup will reduce its global workforce by about 50,000 jobs, or
about 15 percent, as the financial services giant tries to steady
itself after recording losses of more than $20 billion over the past
year, executives said Monday.
The company plans to sell a
number of subsidiaries, including a massive back-office operation in
India, and will terminate thousands of employees in the financial
centers of New York and London. The extent of the job cuts roughly
doubles the total that Citigroup had set as a target in an announcement
last month.
Despite the cuts, executives said the company is not
planning to change its basic business model. Citigroup, the largest and
most international U.S. bank, will continue to sell a wide range of
financial products and services around the world, though dominate
relatively few of its markets.
"We will be the long-term winner in the industry," chief executive Vikram Pandit wrote in an e-mail to employees Monday.
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Adm. Mullen: U.S. Needs More Than Two Years For Iraq Withdrawal
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Posted By: Intellpuke
2008-11-17 21:45:13 (1 days ago)
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The U.S. military would require two to three years to remove its
roughly 150,000 troops and equipment from Iraq safely, and the timing
of that withdrawal should be based on security conditions on the
ground, the nation's top military officer said today.
"To remove
the entire force would be, you know, two to three years," Admiral
Michael Mullen, chairman of the Joint Chiefs of Staff, told reporters
at a Pentagon news conference.
While Mullen said that he and the
top commanders for Iraq and the region, Gen. David Petraeus and Gen.
Ray Odierno, were "comfortable" with the status of forces agreement
signed with Iraq today, he described some logistical hurdles to a U.S.
troop withdrawal along a fixed timeline.
"We have 150,000 troops
in Iraq right now. We have lots of bases. We have an awful lot of
equipment that's there. And so we would have to look at all of that
tied to, obviously, the conditions that are there, literally the
security conditions," he said.
"Clearly, we'd want to be able to do it safely."
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16th-Century Mapmaker's Amazing Knowledge
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Posted By: Intellpuke
2008-11-17 21:44:40 (1 days ago)
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How was it that a German priest writing in Latin and living in a
French city far from the coast became the first person to tell the
world that a vast ocean lay to the west of the American continents?
That is one of the bigger mysteries in the history of the Renaissance.
But
it is not the only one involving Martin Waldseemueller, a map-making
cleric whose own story is sufficiently obscure that his birth and death
dates aren't known for certain.
Waldseemueller appears to have
also known something about the contours of South America's west coast
years before Vasco Nunez de Balboa crossed the Isthmus of Panama and
Ferdinand Magellan sailed around the bottom of the continent. History
books record them as the first Europeans to bring back knowledge of the Pacific Ocean.
The
evidence of this knowledge is in Waldseemueller's world map of 1507,
perhaps the most valuable of the 5 million maps owned by the Library of Congress. It was acquired for $10 million in 2003 and went on permanent display last year.
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Gov. Schwarzenegger Calls Review After Sylmar Tragedy As Wildfires Rage On
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Posted By: Intellpuke
2008-11-16 16:30:44 (2 days ago)
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Gov. Arnold Schwarzenegger and other top officials called this morning
for a review of building standards and emergency procedures based on
the destruction of a mobile home park and the power failure at a
hospital in Sylmar.
Blazes raced through the Oakridge Mobile Home Park overnight Friday,
destroying about 500 units, marking the devastation as the worst loss
of homes due to fire in the city of Los Angeles. At the nearby Olive
View-UCLA Medical Center, doctors and nurses struggled in the dark for
four hours to keep patients alive during a power failure.
Altogether, three major fires continue to rage across Southern
California. The first broke out Thursday in Montecito, near Santa
Barbara. Since then, two major fires have raged through thousands of
acres aided by gale-force winds, record-high temperatures and low
humidity.
One of the worst developing situations is in north Orange County and
neighboring counties, where separate blazes have merged into what is
now called the Triangle Complex Fire. At 8:30 this morning, the fire
was completely uncontained and already had burned 10,475 acres. About
150 homes have been damaged or destroyed as 1,200 firefighters have
assembled along fire lines.
The areas most in danger include Carbon Canyon, Telegraph Canyon and
the areas abutting Chino Hills State Park. Areas under threat include
Diamond Bar, Brea, Chino Hills, Yorba Linda, Anaheim and Corona.
Altogether about 3,500 homes are threatened and at least 10,000
residents have been evacuated.
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