It's not at all reassuring to hear that directors of General Motors Corp. are considering declaring bankruptcy if efforts to secure billions of dollars in subsidies from U.S. taxpayers prove unsuccessful. The ramifications for the U.S. economy would be dire, since the largest U.S. automaker employs thousands of people and has spawned entire industries of suppliers. But the implications would be even worse, since it seems nearly impossible that a multibillion-dollar corporation with partners and affiliates across the world should be caught unable to keep its doors open. Yet, in a statement released Friday, members of GM's board said a bankruptcy filing was still an option for the company that has seen its share price drop from $42 last year to $3 Friday, according to the Wall Street Journal. What's worse, the board's statement seemingly contradicted comments by Chairman and Chief Executive Rick Wagoner, who told Congress this week that GM management does not consider bankruptcy a viable option. In other words, GM management and directors don't know what they're doing. And that figures, considering how they drove what was the world's most powerful automaker to the brink of collapse. GM spokesman Tony Cervone told the Wall Street Journal that the company would do everything in its power to avoid bankruptcy. The automaker is said to be spending $5 billion a month to keep operating and will be out of cash in a few months.
Wednesday, December 31, 2008
Happy New Year from Alberto Gonzales
Tuesday, December 30, 2008
Isn't it time for Hamas to get reasonable about this?
Maybe the courts are not going to fix everything
Monday, December 29, 2008
Billionaire investor bails on Ford
Could the decision of a billionaire investor to sell his stake in Ford Motor Co. at a loss be a signal to the market that the automobile industry will not be able to rebound, even with government help? Kirk Kerkorian's Tracinda Corp. has completed selling its 133.5 million shares of Ford, a spokeswoman said Monday, according to the Reuters international news service, and the timing is curious. Ford was considered the strongest of the top-3 U.S. automakers and, in fact, was the only one to refuse part of the $17.4 billion emergency loan package offered by the government on Dec. 18. If the automakers were going to be leading the U.S. economic rebound, the way the White House hopes, why would a wary investor like Kerkorian pull out? Not only that, the Tracinda pullout cements a huge loss for the company, which spent more than $1 billion buying Ford shares at an average price of $7.10. The stock is now selling at just over $2 a share. At one time, Kerkorian held a 6.5 percent stake in Ford, Reuters said. The Ford family holds just under 3 percent of the automaker's shares but controls 40 percent of the voting power through a separate class of shares, Reuters said.
Sunday, December 28, 2008
Surprise! Foreign forces to stay in Iraq into next year and beyond
Western countries with troops in Iraq must have been gratified Sunday when the Iraqi Presidential Council granted final approval to a resolution allowing the forces to stay after the UN mandate expires Dec. 31. The resolution won parliamentary approval Tuesday, seemingly without the rancor that accompanied yearlong negotiations over the continued presence of more than 140,000 U.S. troops. That agreement was approved in November, according to the Reuters international news service. Great Britain has about 4,100 troops in Iraq and the other countries -- El Salvador, Australia, Romania and Estonia -- have several hundred troops. The resolution authorizes Iraq to negotiate bilateral agreements with the countries, Kurdish lawmaker Mahmoud Othman told Reuters. If it had not been approved by year's end, their troops would have been in Iraq illegally. The way it is now, British forces expect to complete their training mission by the end of May and withdraw completely by July 31. U.S. forces are expected to leave Iraqi cities by July and withdraw completely by the end of 2011. But, as we all know, the 400-pound gorilla sits wherever it wants, and U.S. troops are not going anywhere until the president of the United States orders it. The elected Shiite government in Iraq is fragile, as witnessed by attacks yesterday in Baghdad, Mosul, Fallujah and Ramadi, and it protests the presence of U.S. forces much too much. There are many, many things that could go wrong and make it too dangerous for those forces to leave, no matter what Iraqi Prime Minister Nouri al-Maliki and U.S. President-elect Barak Obama say now.
Thanks for the legacy
It was interesting, in a bizarre sort of way, to hear U.S. Secretary of State Condoleezza Rice try to put a good face on the outgoing Bush administration on Sunday morning television. Rice, who took over as Secretary of State just after the start of U.S. President George W. Bush's second term, told CBS-TV that history will be kind to the 43rd president, despite what his critics have been saying. "We can sit here and talk about the long record, but what I would say to you is that this president has faced tougher circumstances than perhaps at any time since the end of World War II, and he has delivered policies that are going to stand the test of time," Rice said in an interview that aired on the CBS show "Sunday Morning," according to Cable News Network (CNN). Rice was national security adviser in Bush's first time. Rice said people who think that the Bush administration will go down as one of the worst in history "aren't very good historians." The Rice interview apparently was part of the outgoing administration's farewell tour, with Bush and other officials giving positive assessments of the past eight years in the face of low approval ratings at home and a negative image abroad. "If you're making historical judgments before an administration is already out -- even out of office, and if you're trying to make historical judgments when the nature of the Middle East is still to be determined, and when one cannot yet judge the effects of decisions that this president has taken on what the Middle East will become -- I mean, for goodness' sakes, good historians are still writing books about George Washington. Good historians are certainly still writing books about Harry Truman." Rice also said the Bush administration succeeded on many international fronts, including the Middle East, China, India and Latin America. "When one looks at what we've been able to do in terms of changing the conversation in the Middle East about democracy and values, this administration will be judged well, and I'll wait for history's judgment and not today's headlines," she said. It is true that the Bush administration united the country in a measured response to the Sept. 11, 2001, terrorist attacks on New York and Washington, but then seemed to veer off course in attacking Iraq and reinterpreting the U.S. Constitution. Osama bin Laden, the al-Qaida leader blamed for the Sept. 11 attacks, apparently is still at large on the border between Pakistan and Afghanistan border despite a war that has cost hundreds of billions of dollars and killed thousands of U.S. soldiers and tens or hundreds of thousands of Iraqis and Aghanis. The Bush government is scheduled to leave power on Jan. 20, when Barak Obama takes the oath of office as the 44th U.S. president. So, it's not quite over yet.
Monday, December 22, 2008
Five Muslims convicted of plot in New Jersey
Sunday, December 21, 2008
Don't expect 'Chemical Ali' to get a fair trial
U.S. withdraws support for Zimbabwe power-sharing deal
Saturday, December 20, 2008
Canada approves bailout for U.S. automaker subsidiaries
Canada's announcement Saturday that it was offering $4 billion in emergency loans to subsidiaries of failing U.S. automakers must have been good news in Detroit, Michigan, where General Motors, Ford and Chrysler have their headquarters. The announcement by Prime Minister Stephen Harper and Ontario Premier Dalton MgGuinty came the day after U.S. President Bush announced a $17.4 billion rescue plan for the industry, according to the Reuters international news service. Harper said Saturday that the cost of the industry's complete collapse in Canada was too high. "There are literally across the country hundreds of thousands if not millions of potentially affected families by the distress of this industry," Harper said. "And we are obviously making sure at this Christmas time that, within the confines of our responsibility for taxpayer money, that we are also going to look after their interest." Failure of the U.S. automakers would cost 600,000 jobs in Canada, mostly in Ontario, within five years, according to a provincial advisory panel. Harper said his government would not allow the U.S. automakers to close their Canadian operations. Harper also said he was assured by Bush and incoming U.S. President-elect Barak Obama that they would not let the companies fail. "We may well have much smaller companies but they will not fail in my judgment," Harper said. "The question then for Canada is to ensure that as they are restructured that we retain our market share." The Canadian bailout package also included help for auto parts suppliers and better access to credit for consumers, Reuters said.
Friday, December 19, 2008
Auto industry bailout seems to make sense
It's way too early to tell if the White House plan to offer as much as $17.4 billion in loans to the three largest U.S. automobile manufacturers will enable them to avoid collapse. General Motors and Chrysler are expected to begin borrowing money almost immediately to stay in business, according to the Reuters international news service, while Ford claims to have enough cash to stay afloat for another year. The world economic crisis has taken an enormous toll on manufacturing across the globe, and the large U.S. automakers are particularly vulnerable after years of slumping sales. Of course, the slump started long before the economic crisis, as U.S. automakers ignored logic and, worse, tried to game the market to continue producing gas-guzzling vehicles that offered more profit than fuel-efficient cars and trucks. The market for gas-hogging SUVs, for example, would never have grown so large had not automakers lobbied for, and won, exemptions from clean-air requirements for the vehicles. But to have General Motors and Chrysler fail at the same time at a cost of hundreds of thousands of jobs, with the economy already entering a recession, probably is too risky for the U.S. economy. Most of the money for the loans will come from the $700 billion financial system rescue package currently being distribued by the U.S. Treasury. "If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy and liquidation for the automakers," U.S. President George W. Bush said Thursday in announcing the program. U.S. stocks rose on the news, with GM shares jumping 10.9 percent. Bush had to create the auto sector program on his own after members of his own party blocked a Democratic Party-backed deal last week. The deal includes a March 31 deadline for the companies to come up with restructuring plans. Democratic President-elect Barack Obama, who will inherit the program when he takes officer Jan. 20, welcomed the loan move as a necessary step. But he said he wanted to make sure workers did not bear the brunt of the restructuring. "My top priority in this administration is to create 2.5 million new jobs and I want some of those jobs to be in the auto industry," Obama said. The U.S. auto slump has impacted car parts makers and other manufacturers worldwide. Mexican conglomerate Alfa said Friday it was halting production at its nine parts plants in Mexico and Japanese automakers also are expected to report lower earnings.
Thursday, December 18, 2008
Chief U.S. financial regulator was awake the whole time
Nice to see the U.S. Securities and Exchange Commission hasn't lost its oft-admired sense of humor. Thursday's indictment of seven people, including a former Lehman Brothers salesman, for participating in an insider trading scheme that netted $4.8 million in illegal profits, demonstrates that federal regulators were not asleep at the Big Board when Wall Street bigwigs caused the nation's financial system to hemorrage at a cost of hundreds of billions of dollars. No, regulators knew enough to watch the salesman who tipped friends and relatives about 13 impending mergers -- Matthew Devlin, according to the Reuters international news service -- for a year before filing the complaint in U.S. District Court in Manhattan. $4.8 million. Maybe that's why U.S. regulators allowed billions of dollars worth of subprime mortgages to be traded back and forth so often they became securities to the world's largest banks, and were used to secure billions of dollars worth of more loans. The crash of the mortgage market is likely not even over yet, despite the multibillion-dollar rescue packages being prepared by countries around the world, and reverberations will likely be felt for many years. The crash even claimed venerable Lehman Brothers, which was forced to file for bankruptcy and sell part of itself to Barclays. But we all can rest assured. The SEC has not been asleep, and at least a couple of insider traders may be going to jail.
Wednesday, December 17, 2008
U.S. prepares for life in Iraq without Blackwater
Monday, December 15, 2008
Chavez keeps the pressure on U.S.
Word from Caracas on Monday that the presidents of Venezuela and Cuba signed a $2 billion trade accord should remind U.S. businesses all next year of the folly of the inflexible and cantankerous Bush administration. The White House alienated so many countries around the world with its over-aggressive attitude that bilateral relationships may be years from resolution. Of course, U.S. President George W. Bush and Vice President Dick Cheney have less than a month remaining in their eight-year term. But the damage to international relationships will be felt for years. The enmity between Bush and Venezuelan President Hugo Chavez is the stuff of legend, and has contributed mightily to the decline of U.S. influence in South America. The deal between Cuba and Venezuela demonstrates clearly the cost of the self-absorbed Bush administration's whiff on an ideal opportunity to end the five-decade embargo of Cuba when Castro's brother, Fidel, gave up power in 2006. The United States could have captured a large portion of the $2 billion in trade and hurried the inevitable reconciliation with Cuba after a five-decade embargo that separated families and alienated millions in the southern United States. The deal between Cuba and Venezuela includes 163 joint projects, a six-fold increase from this year, according to Cable News Network (CNN) . The enmity between Bush and Venezuelan President Hugo Chavez has become the stuff of legend, and the United States is forced to tolerate Soviet warships visiting the Caribbean Sea because of it. Castro's first foreign state visit since being elected to Cuba's presidency in February also is scheduled to include participation in the Latin American and Caribbean Summit on Integration and Development on Tuesday and Wednesday in Brazil.
Sunday, December 14, 2008
U.S. troops figure to stay in Iraqi cities long after June
Saturday, December 13, 2008
Mugabe constitutional amendment move is cynical
Today's move by embattled Zimbabwe President Robert Mugabe to publish a draft constitutional amendment implementing a power-sharing deal with the opposition Movement for Democratic Change should not be interpreted for more than what it is. Mugabe has no intention of sharing power with MDC leader Morgan Tsvangirai or anyone else and publishing the amendment without consulting his supposed MDC partners illustrates this clearly. The international community should not be fooled and should continue to pressure Mugabe to turn the government over to Tsvangirai, the top vote-getter in the March election. Election officials from Mugabe's ZANU-PF party, which lost control of the parliament in March, destroyed the ballots they claimed necessitated a runoff between Tsvangirai and Mugabe, making a recount impossible. Mugabe claimed victory in the June runoff, even though Tsvangirai withdrew because of widespread violence he blamed on Mugabe supporters. Tsvangirai and Mugabe signed a power-sharing agreement brokered by South African President Thabo Mbeki in July, but its terms have not been implemented. Amendment 19 would formalize the terms of the deal, which created the prime minister's post for Tsvangirai, according to Cable News Network (CNN). MDC spokesman Nelson Chamisa told CNN that the majority party will not support the amendment if it does not address outstanding issues, such as control of vital ministries in the government. The two parties agreed to the amendment last month but Mugabe's party has not cooperated under previous agreements. "In the event that the collaboration that we envisage is not forthcoming, then that will necessitate fresh harmonized elections at some point in time," Chamisa said, according to CNN. Zimbabwe is battling a cholera epidemic that has infected more than 16,000 people, according to the World Health Organization, CNN said. ZANU-PF blamed the epidemic on Great Britain, Zimbabwe's former colonial ruler.
Friday, December 12, 2008
How hard is it to pressure North Korea?
Thursday, December 11, 2008
Timing is everything in war on terror
What a difference a change at the top makes. A month before a new president takes office, the U.S. military plans to change its focus in the war on terror and increase the number of troops in Afghanistan. Defense Secretary Robert Gates announced today in Kandahar that the United States will add as many as 20,000 soldiers to its forces in Afghanistan, Cable News Network (CNN) reported. After seven years of war in Iraq, U.S. leaders are finally reacting to the resurgence of the Taliban and to continuous reports that al-Qaida leader Osama bin Laden has been hiding there since the Sept. 11, 2001, terrorist attacks on New York and Washington. Gates, who has reportedly been asked to stay on as defense secretary even after President George W. Bush leaves office, said the United States would move up to three brigades to Afghanistan to supplement the 31,000 U.S. troops already fighting there. Gen. David McKiernan, commander of U.S. and NATO forces in Afghanistan, reportedly requested four brigades, CNN said. But Gates said the Pentagon would not be able to commit any new troops to Afghanistan before the spring or summer of next year.
Will Senate report lead to punishment for Bush administration officials?
Wednesday, December 10, 2008
Administration headed towards small victory at Supreme Court
Skeptical Supreme Court justices appeared poised Wednesday to give the Bush administration a rare victory in its relentlessly hopeless battle to preserve aspects of the greatest executive power grab in U.S. history. The justices seemed reluctant to allow a Muslim resident of New York detained following the Sept. 11 terrorist attacks to include former top U.S. officials in a civil lawsuit alleging mistreatment, according to Cable News Network (CNN). Javaid Iqbal contends that former Attorney General John Ashcroft and FBI Director Robert Mueller can be held personally liable for Bush administration policies that allowed mass detentions of Muslim immigrants following Sept. 11, even though government officials are generally immune when they act in their official capacities. Iqbal claims he was held in solitary confinement for six months and subjected to physical and psychological abuse while in custody in Brooklyn but was never charged with any terror-related offenses. He was deported to Pakistan after he pleaded guilty to fraud. Chief Justice John G. Roberts told Iqbal's attorneys that they needed to show some extraordinary circumstances that would allow such sweeping liability in the case. "What you have to show is some facts showing that they [top officials] knew of a policy that was discriminatory based on ethnicity and country of origin," Roberts said. An attorney for the U.S. government, Solicitor General Gregory Garre, contended that even such discriminatory conduct was justified in the days and weeks after the Sept. 11 attacks. Even Justices Ruth Bader Ginsburg, David Souter and John Paul Stevens, who do not vote repeatedly with the court's conservative majority, appeared skeptical of Iqbal's lawsuit. A ruling in favor of Iqbal, who prevailed in the Court of Appeals, could subject Ashcroft, Mueller and other top Bush administration officials to testimony under oath about decision-making in the top echelons of the U.S. government in 2001. A ruling is expected by June.
Tuesday, December 9, 2008
Negotiations over Congo fighting said to make progress
Monday, December 8, 2008
Blackwater Worldwide gets to walk away
The indictments are in. Five Blackwater Worldwide security guards were charged Monday with multiple counts of manslaughter that could earn them decades in prison if they're convicted of shooting unarmed civilians in Baghdad's Nisoor Square in 2007. The five men surrendered to authorities after the indictments were unsealed, the Reuters international news service said. Blackwater, the North Carolina contractor that was hired by the State Department to protect diplomats and others in Iraq after the 2003 invasion and which presumably was responsible for training and equipping its employees, was not accused of any crimes. A sixth guard has pleaded guilty to lesser charges and is believed to be providing testimony to prosecutors. The guards were escorting a convoy of diplomats through a crowded Baghdad intersection when they claim they came under attack and opened fire, killing 14 and wounding 20 civilians. But a yearlong FBI investigation was unable to turn up any evidence that anybody was firing except the Blackwater guards, Reuters said. "The government alleges in the documents unsealed today that at least 34 unarmed Iraqi civilians, including women and children, were killed or injured without justification or provocation by these Blackwater security guards in the shooting at Nisoor Square," said Patrick Rowan, assistant attorney general for national security, according to Reuters. Blackwater, for its part, said its employees acted within the scope of their authority. "Based on the information available to us, we understand that these individuals acted within the rules set forth for them by the government and that no criminal violations occurred," the firm said. Brent Hatch, a lawyer on the legal team representing the guards, said the men were innocent. "They were hired as State Department contractors to protect State government officials," Hatch told reporters in Salt Lake City, where the guards surrendered. "They did their job as they were contracted to do, as they were required to do, and as the State Department asked them to do it." Arraignment is scheduled for Jan. 6 in Washington, D.C.
Anarchy in the birthplace of democracy
The irony of anarchy in Greece, the birthplace of Western democracy, is not lost on anyone. Rioting by young people has spread across the country from the major cities of Athens, where the police shooting of a 15-year-old on Saturday sparked the escalating unrest, and Thessaloniki. As of Monday, 34 civilians and 16 police officers have been injured in the rioting, which has destroyed homes, government buildings and offices of the ruling conservative party in Athens, according to Cable News Network (CNN). "We've just lost count of how many demonstrations are taking place now," a police spokesman told CNN. Prime Minster Kostas Karamanlis condemned the violence in a nationally televised speech and promised to punish those responsible for Saturday's shooting. The violence erupted immediately after the shooting, which police said occurred as disaffected young people -- called the "known-unknowns" in Greece -- attacked a police car with stones, CNN said. A police statement said the young man who was killed was attempting to throw a firebomb, but many observers disputed the official account. Two police officers have been arrested in connection with the shooting. On Monday, demonstrators barricaded streets and threw gasoline bombs at riot police in the two largest cities. The Karamanlis government, which holds a bare one-vote majority in Greek's parliament, could fall if citizens grow frustrated over its inability to control the violent demonstrations. The U.S. and British embassies have already warned employees and tourists to avoid downtown Athens and other major cities.
Sunday, December 7, 2008
Sarkozy tells China to get real on Tibet
Saturday, December 6, 2008
Former Blackwater guards reported ready to surrender
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Friday, December 5, 2008
Dismantling of Bush legacy to continue
"We are hopeful that the court will ... ensure that people in this country cannot be seized from their homes and imprisoned indefinitely simply because the president says so," said Steven Shapiro, the ACLU's legal director, according to Reuters. Al-Marri was arrested in December 2001 on charges of credit card fraud, lying to the FBI and other charges. He pleaded not guilty, and the U.S. government dropped the charges in 2003 and designated Marri an enemy combatant. According to Reuters, two other U.S. residents have been held as enemy combatants inside the United States since the Sept. 11 attacks. Jose Padilla of Chicago was held in Charleston for three years before being tried and convicted of offering his services to terrorists in criminal court in Miami; and Yaser Esam Hamdi was deported to Saudi Arabia in 2004 after the U.S. Supreme Court ruled he had the right to challenge his detention in U.S. courts.
Wednesday, December 3, 2008
WorldCom's Ebbers asks for clemency; $11 billion doesn't seem so bad anymore
Sunday, November 30, 2008
Bolivia seeks to indict opposition leader
Is Bolivia's effort to indict the leader of an insurrection in the country's four eastermost provinces an example of good government or repressive rule? That's the question raised by La Paz's decision Sunday to press for the indictment of Branko Marinkovic, leader of an autonomy movement blamed for violent protests that threatened to split the country in September. "We have enough evidence in this investigation to allow us to link Mr. Marinkovic with the acts of terrorism that occurred in several parts of the country in September," government minister Alfredo Rada told state radio, according to the Reuters international news service. Supporters of Marinkovic contend he is the victim of political persecution, Reuters said. Twenty people have already been jailed on charges related to the September violence, in which 17 people were killed and government buildings were attacked. The four provinces, which have white-majority populations and are the country's richest areas, seek more authority over resources and to limit the authority of the central government and its president, Evo Morales, the country's first indigenous leader. Morales took office in 2005 and promptly nationalized Bolivia's energy industry, including its burgeoning oil production. He has aligned himself with Venuezuela's Hugo Chavez, whose animosity towards U.S. President George W. Bush is acknowleged internationally, and Cuba's Fidel Castro. Bolivia is the poorest nation in South America.
Iraqi court teaches U.S. military a lesson in freedom
It figures to take an Iraqi court to teach the U.S. military a lesson about the First Amendment. On Sunday, Iraq's Central Criminal Court ordered U.S. forces to release an Iraqi freelance photographer who was detained in September but never charged, according to the Reuters international news service. The court found there was no evidence that Ibrahim Jassam Mohammed, who freelanced for Reuters as well as Iraqi media, had committed any crimes. Yet Jassam had been held at the U.S. military's Camp Cropper prison near Baghdad International Airport, probably because he had photographed something the military didn't like. Jassam was arrested by U.S. and Iraqi forces and his photography equipment seized in a raid on his home in Mahmudiya, Reuters said. Mahmudiya, 20 miles south of Baghdad, was one of the most violent areas of Iraq before a recent falloff in attacks across the country. Unfortunately, Jassam's case is not so unusual. International media rights groups have repeatedly criticized the military's refusal to deal quickly with cases that arise from reporters' legitimate activities in Iraq. In August, the U.S. military freed another Reuters cameraman after holding him without charges for three weeks. "I'm pleased to learn that a court ordered Ibrahim Jassam released as there was no evidence against him," Reuters News Editor-in-Chief David Schlesinger said Sunday. "I hope the U.S. authorities comply with this order swiftly [and] reunite him with his colleagues, friends and family." Next up, a lesson about the Fourth Amendment. U.S. forces currently hold nearly 17,000 Iraqis without charges but will have to release them or charge them by next year.
Saturday, November 29, 2008
Wal-Mart worker killed by stampeding Black Friday crowd
What is wrong with people? One dead and four injured, including a pregnant woman, trampled by a crowd trying to get into Wal-Mart to go shopping? Shoppers at the Valley Stream, N.Y., store found a way to turn "Black Friday" -- so-called because the expected rush of shoppers looking for bargains puts retailers into the black for the first time all year -- into a real black Friday. The annual rite is celebrated all over the country, with anxious buyers sometimes waiting all night for stores to open. The Friday after Thanksgiving is typically the biggest shopping day of the year. But how can so many people lose control of themselves just to shop for consumer goods? The 34-year-old man who was killed was a temporary worker hired over the holidays, according to the Reuters international news agency. Local authorities are said to be investigating whether to file charges against any of the shoppers, at least against the ones caught on the store's security tapes, or against the store, Reuters said. New York's largest grocery workers union, United Food and Commercial Workers Union Local 1500, blamed the tragedy on what it called "Wal-Mart's failure to provide a safe workplace" and called on federal, state and local authorities to investigate. Wal-Mart said it had added more security personnel and workers and had worked closely with local police prior to Black Friday. "We also erected barricades. Despite all of our precautions, this unfortunate event occurred," Hank Mullany, a Wal-Mart senior vice president, said in a statement. Whether Wal-Mart violated its duty to protect shoppers is up to the civil courts to decide, and whether any crimes were committed will be decided by the criminal courts. But it's not the responsibility of law enforcement to prosecute breaches of common morality, nor should it be. That is entirely up to us.
Friday, November 28, 2008
Swedish banking secrecy laws could be victim of global downturn
Wednesday, November 26, 2008
FBI abused power in pursuing Bush administration critic in anthrax probe
Tuesday, November 25, 2008
Recession is the word from Canada
Monday, November 24, 2008
Season of sharing
Sunday, November 23, 2008
How can General Motors seriously consider bankruptcy?
Saturday, November 22, 2008
Time running out for Mugabe in Zimbabwe?
What is the world waiting for in Zimbabwe? By now, it should be obvious to everyone that Robert Mugabe, Zimbabwe's president, has to be removed from office if he remains unwilling to leave on his own. The latest reports from South Africa say Zimbabwe has refused to admit a delegation, which included former U.N. Secretary-General Kofi Annan and former U.S. President Jimmy Carter, that wanted to assess the humanitarian crisis believed to be unfolding in that country, according to the Reuters international news service. Zimbabwe's economy is collapsing because of mismanagement and rampant theft of aid and the country, once seen as the southern African region's greatest economy, is suffering from rampant inflation and shortages of food and fuel. Mugabe, who has led the country since it declared independence from Britain in 1980, says the Zimbabwe is being sabotaged by his enemies, including Western nations. Efforts to resuscitate the country's economy are now on hold because of a political crisis, with Mugabe refusing to accept defeat in national balloting in March. Former South African president Thabo Mbeki has been trying to negotiate a power-sharing agreement but Mugabe has refused to uphold his side of any proposed arrangement. Yesterday, in Lima, Peru, U.S. President George W. Bush called Mugabe's government an "illegitimate regime" and called for a new government. "We call for an end to the Mugabe regime's brutal repression of basic freedoms and for the formation of a legitimate government that represents the will of the people as expressed in the March 2008 elections," Bush said in the Peruvian capital, where he is attending an Asia-Pacific summit. Members of the humanitarian delegation told Reuters they were denied visas to travel to Zimbabwe despite Mbeki's intervention of former South African president Thabo Mbeki, who is mediating the political conflict between President Robert Mugabe's ZANU-PF party and the opposition Movement for Democratic Change (MDC). "We had hoped to go to Zimbabwe this morning but we had to cancel because the government has made it clear they will not co-operate," Annan said in Johannesburg, according to Reuters. Annan, Carter and Nelson Mandela's wife, Graca Machel, represent a group of prominent figures and former statesmen called The Elders. But Zimbabwe's government denied it had refused the three Elders permission to enter the country. "The government of Zimbabwe has not barred Mr Annan and his team from coming to Zimbabwe," Simbarashe Mumbengegwi , the country's foreign affairs minister, told reporters in Harare. Mumbengegwi said the group was asked merely to reschedule the visit.
Friday, November 21, 2008
Syria might want to stay an outlaw after all
New efforts to discourage a U.N. agency from investigating allegations that Syria was building a nuclear reactor at a site bombed by Israel demonstrate Damascus' ultimate refusal to conform to international standards of behavior. Syria refused Friday to permit inspectors from the International Atomic Energy Agency to revisit the site of the bombing at Al-Kibar, according to the Reuters international news service. Instead, Syria's nuclear energy chief, Ibrahim Othman, attacked the findings of Wednesday's IAEA report that said the bombed structure had similarities to a reactor and said inspectors found large amounts of uranium particles in the area in June. The IAEA report also said Syria had refused to provide documentation requested by the agency and ignored requests to visit three other military sites believed to hold evidence linked to Al-Kibar. "What they are now saying about uranium particles -- collecting three particles from the desert is not enough to say there was a reactor there at all," Othman told reporters after an IAEA meeting. I think to follow up there should be a good reason to say there is something there. In our opinion, this file should be closed." Syria has one declared atomic facility, an old research reactor. The United States saw the report differently, which could endanger recent efforts by Syria to normalize relations with the West. "The report reinforces the assessment of my government that Syria was secretly building a nuclear reactor in its eastern desert and thereby violating its IAEA (non-proliferation) safeguards obligations," said Gregory Schulte, the U.S. ambassador to the IAEA, according to Reuters. Diplomats said the United States and some allies were now considering blocking a Syrian request for technical assistance in building a nuclear power plant. Washington also might also seek a resolution demanding Syrian cooperation, they said.
Thursday, November 20, 2008
CIA blocked inquiries into deaths of missionaries in Peru
Monday, November 17, 2008
Public wins right to see documents in anthrax case
Friday, November 14, 2008
President Bush still clueless as global economic summit convenes
U.S. President George W. Bush unabashedly displayed stubborn cluelessness to world leaders Thursday, a day before the historic global economic summit convened in Washington, D.C. Bush strongly defended free markets and warned against aggressive regulation in his speech, as if the corrupted view of so-called "free markets" in the United States was not at the heart of the global crisis. Indeed, it was the lack of regulation of financial markets that caused the current crisis to erupt in the United States and spread around the world. The summit meeting involving leaders from the world's 20 largest economies is scheduled to begin Saturday at the National Building Museum in Washington. A senior U.S. official told the New York Times that the most that could be expected from the meeting is a commitment to coordinate banking regulations and to continue to meet regularly. World Bank President Robert B. Zoellick warned the gathering to remember the fate of the world's poorest countries, which were not represented yet might suffer the most if economic turmoil continues for years.
Thursday, November 13, 2008
Is religion on the ropes?
Wednesday, November 12, 2008
Bush Supreme Court takes crack at monumental issue
Whether a Utah city is obligated to permit a religious group to place a monument in a public park near a Ten Commandments marker is a much more difficult question than appears at first glance. The question, on which the U.S. Supreme Court heard arguments today, could impact the future of the First Amendment guarantees of religious freedom and freedom of speech against government interference as well as the power of government to control public property. And whatever the court decides to do could impact religious displays on public property in communities across the country, especially if the court wants that to happen. At oral arguments Wednesday, the nine justices seemed divided over whether Pleasant Grove City in Utah acted legally when it refused to allow the Summum religious group to put up a monument to the tenets of its faith in a park that contains a Ten Commandments monument, according to the Reuters international news service. Some of the court's most-conservative justices appeared to be concerned that a ruling in favor of the religious group would mean public parks anywhere in the country would be forced to allow privately donated monuments expressing any viewpoint. "You have a Statue of Liberty; do we have to have a Statue of Despotism? Or do we have to put any president who wants to be on Mt. Rushmore?" Chief Justice John Roberts asked, Reuters said. But some liberal justices seemed to agree that allowing one religious message on public property but not others violated free speech rights. In fact, Justice John Paul Stevens even asked whether a city could decide to only allow messages in a public part that it agreed with, Reuters reported. An appellate court ruled that the city must allow the Summum monument to be erected. The city argued that the lower court ruling was in error and a lawyer for the U.S. Justice Department agreed, saying the government can choose what monuments and opinions it wants on the National Mall in Washington and in other public parks across the country. "The Vietnam Veterans Memorial did not open us up to a Viet Cong memorial. When the Martin Luther King Memorial is completed on the Mall, it will not have to be offset by a monument to the man who shot Dr. King," the U.S. government contended. The attorney representing the religious group, Pamela Harris, argued that the city cannot allow a Ten Commandments display while denying Summum access for a display about its faith. "That's a violation of the core free-speech principle that the government may not favor one message over another in a public forum," Harris said. Both sides are correct. A public entity cannot choose one religious message over another, but a city (or a state, or the federal government) has a right to determine what it will or will not allow in its parks. There has got to be a reasonable way to resolve this so the government's authority ends where religious freedom is threatened. A ruling is expected by June.
Monday, November 10, 2008
Overwhelmed American Express sells its soul
Deadlock over Zimbabwe government continues -- for good reason
The latest from Johannesburg, host of the latest Zimbabwe power-sharing talks sponsored by the South African Development Community, is that opposition leader Morgan Tsvangirai has rejected a compromise suggested by the SADC to end weeks of deadlock. The compromise, under which Tsvangirai's Movement for Democratic Change and President Robert Mugabe's ZANU-PF party would share control of the powerful Ministry of Home Affairs, had been proposed by the SADC to help resolve months of uncertainty following Zimbabwe's disputed presidential election. Tsvangirai's latest rejection came Monday at a SADC summit, according to CNN, which cited a report from the Associated Press. Tsvangirai's rejection of the proposed compromise is perfectly understandable and appears well-justified. Mugabe, Zimbabwe's president since its independence from Great Britain nearly 30 years ago when it was called Rhodesia, is not willing to surrender any power, as his disgraceful efforts to hold onto power following the March election demonstrated. It is an exercise in wishful thinking to believe that a settlement along the lines of Kenya's power-sharing is possible in this case. In fact, it's difficult to understand how it is working in Kenya, either. But in Zimbabwe, where the government encouraged intimidation and violence to subvert the will of the people, any reasonable settlement would appear to preclude Mugabe's continuation in office. It is Mugabe who had been blocking any settlement, likely because once in power, the MDC would be better able to unravel the layers of corruption and deception that has plunged Zimbabwe into poverty and food shortages. In the end, Mugabe will probably be willing to trade it all for some kind of amnesty and protection -- perhaps as an asylum seeker in another continent.
Economic turmoil takes toll on Starbucks
Friday, November 7, 2008
Continued bad news from U.S. automakers
Reports from Detroit, Mich., that General Motors Corp. and Ford Motor Co. suffered bigger-than-expected quarterly losses cast further doubt on the survival of the U.S. automobile industry in the global financial crisis. The two largest U.S. automakers said they would aggressively cut costs in the fourth quarter, according to the Reuters international news service. But the two companies, whose share prices have tumbled in recent years, reported spending nearly $15 billion in the quarter just to stay in business. "The issue in short-term liquidity is the state of the auto industry and so we said we're going to put all our efforts on focusing on that issue for now," GM chief executive Rick Wagoner told CNBC television. Let's make this easy for you -- build better small cars that compare favorably with those being built in Japan and Germany. How hard is that to understand? It's more than 30 years since the Arab oil embargo put the world on notice that it would have to be more efficient, yet U.S. carmakers seem not to have heard. Instead, domestic output has involved poor-quality vehicles and heavy-duty lobbying for tax breaks. Why is it still not a crime to run richly profitable and esteemed companies into the ground?