Obama: Another Cowardly Decision

(10 am. – promoted by ek hornbeck)

Again, Barack Obama changes his mind and does a complete reversal of doing what he said he would do. Surprised? You shouldn’t be. This is the “change you can believe in”.

In a Reversal, Military Trials for 9/11 Cases

By Charlie Savage

WASHINGTON – The Obama administration, ending more than a year of indecision with a major policy reversal, will prosecute Khalid Shaikh Mohammed and four other people accused of plotting the Sept. 11 terrorist attacks before a military commission and not a civilian court, as it once planned.

Attorney General Eric H. Holder Jr. announced on Monday that he has cleared military prosecutors at Guantánamo Bay, Cuba, to file war-crimes charges against the five detainees in the Sept. 11 case.

Mr. Holder had decided in November 2009 to move the case to a federal civilian courtroom in New York City, but the White House abandoned that plan amid a political backlash.

Of course this decision is being praised by the fear mongering cowards like Sen. Chuck Schumer (D-NY) and Sen. Lindsay Graham who opposed the trials being held in New York City because it was too dangerous, major trials are too expensive, too many secrets will be spilled, public trials will radicalize the enemy, the public doesn’t want it and on and on.

This has been handled badly by Holder from the start. Instead of meeting with NYC officials, the mayor, police commissioner, etc, before he announced his plan last year to hold civilian trials in the city, the announcement came with little warning and no discussion. Of course they were all taken aback. There were hundreds of questions and no answers from the Obama DOJ. “Don’t worry, I’ve got this” is the typical Obama response to any concerns. Now Obama and all the his loyal supporters are laying the blame on congress for passing a bill that refused to fund the closing of Guantanamo and prevented bringing any of the detainees to the United States for trial. But did they challenge this law in the courts as being unconstitutional restriction on the ability of the Justice Department to prosecute these men fairly? No, Obama and Holder did not. Instead, as is typical of this administration, they dithered for a year and then caved.

Dahlia Lithwick roundly criticizes this decisions that creates a “two-tiered system of justice”.

Of course, exactly the same unpersuasive claims could have been made about every major criminal trial in Western history, from the first World Trade Center prosecution to the Rosenberg trial to the Scopes Monkey trial to Nuremburg. Each of those trials could have been moved to some dark cave for everyone’s comfort and well-being. Each of those defendants could have been tried using some handy choose-your-own-ending legal system to ensure a conviction. But the principle that you don’t tailor justice to the accused won out, and, time after time, the world benefited.

But make no mistake about it: It won’t stop here. Putting the administration’s imprimatur on the idea that some defendants are more worthy of real justice than others legitimates the whole creeping, toxic American system of providing one class of legal protections for some but not others: special laws for children of immigrants, laws for people who might look like immigrants, different jails for those who seem too dangerous, special laws for people worthy of wiretapping, and special laws for corporations. After today it will be easier than ever to use words and slogans to invent classes of people who are too scary to try in regular proceedings.

There may also be some ulterior motive for thees military commissions since the rules of evidence are different than in a civilian court that would exclude any evidence obtained through torture and the fruit of that poisoned tree. The National Association of Criminal Defense Lawyers released a statement titled The National Association of Criminal Defense Lawyers “At Guantanamo, “Detainees Are Presumed Guilty” that enumerates the faults of these commissions despite the so-called revamping :

“Despite some cosmetic changes since the Bush-era commissions, the commission rules still permit the government to introduce secret evidence, hearsay and statements obtained through coercion,” said the association’s Executive Director, Norman Reimer. “NACDL maintains that the rules and procedures for these commission trials raise serious questions about the government’s commitment to constitutional principles upon which our country was founded. “

David Kaye at FDL gives some interesting argument for what may well have been a ruse by this administration that intends to use the tribunals as a propaganda tool and never challenged congress.

What no commentator has stated thus far is the plain truth that the commissions’ main purpose is to produce government propaganda, not justice. These are meant to be show trials, part of an overarching plan of “exploitation” of prisoners, which includes, besides a misguided attempt by some to gain intelligence data, the inducement of false confessions and the recruitment of informants via torture. The aim behind all this is political: to mobilize the U.S. population for imperialist war adventures abroad, and political repression and economic austerity at home.

Holder claims he wanted civilian trials that would “prove the defendants’ guilt while adhering to the bedrock traditions and values of our laws.” The Attorney General blamed Congress for passing restrictions on bringing Guantanamo prisoners to the United States for making civilian trials inside the United States impossible. Marcy Wheeler has noted that the Congressional restrictions related to the Department of Defense, not the Department of Justice, and there is plenty of reason to believe the Obama administration could have pressed politicians on this issue, but chose not to.

This is such a farce that further exploits the victims of 9/11 when Holder dared claim “today’s decision as one of fairness to the 9/11 victims, who should have to wait no longer for their day in court”. Really? Then what took them two years? Human Rights First’s Daphne Eviatar said

True respect for the 9/11 victims would have meant bringing the men suspected of the most heinous attack on U.S. soil in American history to trial in a public U.S. federal courthouse, for the victims and all the world to see. It would have meant securing solid verdicts that wouldn’t later be vulnerable to reversal by the Supreme Court, as would their convictions in a military commission. It would have meant presenting the voluminous evidence that prosecutors had amassed over the past decade detailing the crimes that each man had allegedly plotted and carried out. And it would have meant showcasing that the United States not only preaches about the importance of the rule of law around the world, but actually believes in and follows it here at home.

snip

But the administration had more than two years during which it could have transferred these men to federal courts and begun their prosecutions, and it didn’t. If the administration had moved these cases forward when it had ample opportunity, the convictions and sentences would likely have already been pronounced. Military commissions trials, meanwhile, will take at least twice that time to resolve, with the very possible result that either conviction or sentences will be overturned, given the commissions’ shaky legal grounding.

There is no excuse for the tribunals. Human Rights First point out the fact that “civilian federal courts have have convicted more than 400 terrorists since the 9/11 terrorist attacks. The discredited military commissions at Guantanamo Bay have convicted only 6, almost all via plea bargains that resulted in much lighter sentences due to the shaky legal ground of many of the military commission charges and procedures”.

Obama is determined to continue with the Bush policies that have taken this country down the path that covers up war crimes and makes a mockery of our justice system.

On This Day In History April 5

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

April 5 is the 95th day of the year (96th in leap years) in the Gregorian calendar. There are 270 days remaining until the end of the year.

On this day in 1774, Benjamin Franklin publishes “An Open Letter to Lord North”.

On this day in 1774, Benjamin Franklin writes an open letter to Great Britain’s prime minister, Frederick, Lord North, from the Smyrna Coffee House in London. It was published in The Public Advertiser, a British newspaper, on April 15, 1774.

Franklin’s tongue-in-cheek letter suggested that the British impose martial law upon the colonies and appoint a “King’s Viceroy of all North America.” Franklin satirically went on to suggest that such centralized power over “Yankee Doodles,” who had “degenerated to such a Degree” from their British ancestors, “that one born in Britain is equal to twenty Americans,” would allow the crown to collect its taxes, then sell their impoverished colonies and colonists to Spain.

Smyrna Coffee House on St. James Street in London had been a meeting place of Whigs, or political liberals, since the 17th century. For Franklin to sign a letter drafted at Smyrna’s “A Friend of Military Government” was an obvious use of irony. The details of his purported plan for a military government, including the exclusive use of military courts in colonies known for their commitment to trial by jury, and “One Hundred to a Thousand Lashes in a frosty Morning” for offenders made Franklin s disdain for Lord North and his heavy-handed tactics clear.

An Open Letter to Lord North

For The Public Advertiser.

To Lord North.

My LORD, All your small Politicians, who are very numerous in the English Nation, from the patriotic Barber to the patriotic Peer, when big with their Schemes for the Good of poor Old England, imagine they have a Right to give Advice to the Minister, and condemn Administration if they do not adopt their Plan. I, my Lord, who have no mean Opinion of my Abilities, which is justified by the Attention that is paid to me when I harangue at the Smyrna and Old Slaughter’s, am willing to contribute my Mite to the public Welfare; and have a Proposal to make to your Lordship, which I flatter myself will be approved of by the Ministry, and if carried into Execution, will quiet all the Disturbances in America, procure a decent Revenue from our Colonies, make our royal Master (at least there) a King de facto, as well as de jure; and finally, as it may be managed, procure a round Sum towards discharging the national Debt.

My Scheme is, without Delay to introduce into North America a Government absolutely and entirely Military. The Opposition which some People suspect would be made by the Colonies, is a mere Bugbear: The Sight of a few Regiments of bold Britons, appearing with Ensigns displayed, and in all the Pomp of War, a Specimen of which may be seen every Summer at the Grand Review on Wimbledon Common, with that great Commander G —— l G —— e at their Head, accompanied with a Detachment from the Artillery, and Half a Dozen short Sixes, would so intimidate the Americans, that the General might march through the whole Continent of North America, and would have little else to do but to accept of the Submission of the several Towns as he passed. But as the Honour would be too great for one Man to reduce to absolute Subjection so great an Extent of Territory, I would propose that a separate Command be given to L —— d G —- G —— e, who by his animated Speeches in the House, and coinciding so entirely with your Lordship’s Opinion on the proper Methods for humbling America, deserves a Share in the Fame of such a grand Exploit. Let him have one half of the Army under his Direction, and march from New York to South Carolina. No one can object to the Nomination, as his Military Prowess is upon Record. The Regiments that are in America, with those who are about to embark, will be amply sufficient, without being at the Expence of sending more Troops. Those who served in America the last War, know that the Colonists are a dastardly Set of Poltroons; and though they are descended from British Ancestors, they are degenerated to such a Degree, that one born in Britain is equal to twenty Americans. The Yankey Doodles have a Phrase when they are not in a Humour for fighting, which is become proverbial, I don’t feel bould To-day. When they make this Declaration, there is no prevailing on them to attack the Enemy or defend themselves. If contrary to Expectation they should attempt an Opposition, procure Intelligence when it happens not to be their fighting Day, attack them and they will fly like Sheep pursued by a Wolf. When all North America have thus bent their Neck to the Yoke designed for them, I would propose that the Method made use of by the Planters in the West Indies may be adopted, who appoint what they call a Negro Driver, who is chosen from among the Slaves. It is observed that the little Authority that is given him over his Fellow Slaves, attaches him to his Master’s Interest, and his Cruelty would be without Bounds were he not restrained; but the Master is certain, that the utmost Exertion of Strength will be exacted by this cruel Task-master for the Proprietor’s Emolument. Let all the Colonists be enrolled in the Militia, subject of course to Martial Law. Appoint a certain Number of Officers from among the conquered People, with good Pay, and other Military Emoluments; they will secure their Obedience in the District where they command. Let no other Courts be allowed through the whole Continent but Courts Martial. An Inhabitant, who disobeys an Order, may by a Court Martial be sentenced to receive from One Hundred to a Thousand Lashes in a frosty Morning, according to the Nature of his Offence. Where Punishment is thus secure, this Advantage will accrue, that there will not be the same Necessity of hanging up so many poor Devils as in this free Country; by which Means the Service of many an able Man is lost to the Community. I humbly propose that the General and Commander in Chief be vested with the Power, and called by the Name of the King’s Viceroy of all North America. This will serve to impress the Americans with greater Respect for the first Magistrate, and have a Tendency to secure their Submission. All Orders issuing from this supreme Authority to have the Force of Laws. After this happy Change of Government, how easy to collect what Taxes you please in North America. When the Colonists are drained of their last Shilling, suppose they should be sold to the best Bidder. As they lie convenient for France or Spain, it may be reasonably expected one of those little Powers would be a Purchaser. I think Spain is to be preferred, as their Power hath more of the Ready than France. I will venture a Conjecture, that the Ministry might get at least Two Millions for the Soil, and the People upon it. With such a Sum what glorious Things might he not atchieve! Suppose it should be applied towards the Payment of one hundredth Part of the National Debt, I would give him an Opportunity of drawing down upon him the Blessing of the Poor by making him to take off the Halfpenny Duty on Porter. Considering the probable Stability of the present Ministry, this Honour may be reserved for your Lordship.

My Lord, excuse the Crudity of these indigested Hints, which your Wisdom is so capable of improving; and believe me, with infinite Respect, Your Lordship’s Most obedient Humble Servant, A Friend to Military Government.

Smyrna Coffee-House, April 5.

The Public Advertiser, April 15, 1774

 1242 – During a battle on the ice of Lake Peipus, Russian forces, led by Alexander Nevsky, rebuff an invasion attempt by the Teutonic Knights.

1566 – Two-hundred Dutch noblemen, led by Hendrik van Brederode, force themselves into the presence of Margaret of Parma and present the Petition of Compromise, denouncing the Spanish Inquisition in the Netherlands. The Inquisition is suspended and a delegation is sent to Spain to petition Philip II.

1609 – Daimyo (Lord) of the Satsuma Domain in southern Kyushu, Japan, completes his successful invasion of the Ryukyu Kingdom in Okinawa.

1614 – In Virginia, Native American Pocahontas marries English colonist John Rolfe.

1621 – The Mayflower sets sail from Plymouth, Massachusetts on a return trip to Great Britain.

1722 – The Dutch explorer Jacob Roggeveen discovers Easter Island.

1792 – U.S. President George Washington exercises his authority to veto a bill, the first time this power is used in the United States.

1804 – High Possil Meteorite: The first recorded meteorite in Scotland falls in Possil.

1818 – In the Battle of Maipu, Chile’s independence movement – led by Bernardo O’Higgins and Josè de San Martin – win a decisive victory over Spain, leaving 2,000 Spaniards and 1,000 Chilean patriots dead.

1862 – American Civil War: The Battle of Yorktown begins.

1874 – Birkenhead Park, the first civic public park, is opened in Birkenhead.

1879 – Chile declares war on Bolivia and Peru, starting the War of the Pacific.

1900 – Archaeologists in Knossos, Crete, discover a large cache of clay tablets with hieroglyphic writing in a script they call Linear B.

1904 – The first international rugby league match is played between England and an Other Nationalities team (Welsh & Scottish players) in Central Park, Wigan, England.

1923 – Firestone Tire and Rubber Company begins production of balloon-tires.

1930 – In an act of civil disobedience, Mohandas Gandhi breaks British law after marching to the sea and making salt.

1932 – Alcohol prohibition in Finland ends. Alcohol sales begin in Alko liquor stores.

1932 – Dominion of Newfoundland: 10,000 rioters seize the Colonial Building leading to the end of self-government.

1933 – U.S. President Franklin D. Roosevelt signs Executive Order 6102 “forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates” by U.S. citizens.

1936 – Tupelo-Gainesville tornado outbreak: An F5 tornado kills 233 in Tupelo, Mississippi.

1942 – World War II: The Japanese Navy attacks Colombo in Ceylon (Sri Lanka). Royal Navy cruisers HMS Cornwall and HMS Dorsetshire are sunk southwest of the island.

1943 – World War II: American bomber aircraft accidentally cause more than 900 civilian deaths, including 209 children, and 1300 wounded among the civilian population of the Belgian town of Mortsel. The target was the Erla factory one kilometer from the residential area hit.

1944 – World War II: 270 inhabitants of the Greek town of Kleisoura are executed by the Germans.

1945 – Cold War: Yugoslav leader Josip “Tito” Broz signs an agreement with the Soviet Union to allow “temporary entry of Soviet troops into Yugoslav territory”.

1946 – Soviet troops leave the island of Bornholm, Denmark after an 11 month occupation.

1949 – Fireside Theater debuts on television.

1949 – A fire in a hospital in Effingham, Illinois, kills 77 people and leads to nationwide fire code improvements in the United States.

1951 – Ethel and Julius Rosenberg are sentenced to death for performing espionage for the Soviet Union.

1955 – Winston Churchill resigns as Prime Minister of the United Kingdom amid indications of failing health.

1956 – Fidel Castro declares himself at war with the President of Cuba.

1956 – In Sri Lanka, the Mahajana Eksath Peramuna win the general elections in a landslide and S.W.R.D. Bandaranaike is sworn in as the Prime Minister.

1957 – In India, Communists win the first elections in united Kerala and E.M.S. Namboodiripad is sworn in as the first chief minister.

1958 – Ripple Rock, an underwater threat to navigation in the Seymour Narrows in Canada is destroyed in one of the largest non-nuclear controlled explosions of the time.

1969 – Vietnam War: Massive antiwar demonstrations occur in many U.S. cities.

1971 – In Sri Lanka, Janatha Vimukthi Peramuna launches insurrection against the United Front government of Sirimavo Bandaranaike.

1976 – In the People’s Republic of China, the April Fifth Movement leads to the Tiananmen incident.

1986 – Three people are killed in the bombing of the La Belle Discothèque in West Berlin, Germany.

1991 – An ASA EMB 120 crashes in Brunswick, Georgia, killing all 23 aboard.

1992 – Alberto Fujimori, president of Peru, dissolves the Peruvian congress by military force.

1992 – The Siege of Sarajevo begins when Serb paramilitaries murder peace protesters Suada Dilberovic and Olga Sucic on the Vrbanja Bridge.

1998 – In Japan, the Akashi-Kaikyo Bridge linking Shikoku with Honshu and costing about $3.8 billion USD, opens to traffic, becoming the largest suspension bridge in the world.

1999 – Two Libyans suspected of bringing down Pan Am flight 103 in 1988 are handed over for eventual trial in the Netherlands.

2009 – North Korea launches its controversial Kwangmyongsong-2 rocket. The satellite passed over mainland Japan, which prompted an immediate reaction from the United Nations Security Council, as well as participating states of Six-party talks.

Holidays and observances

   * Christian Feast Day:

         o Juliana of Liège

         o Ruadan of Lorrha

         o Vincent Ferrer

         o April 5 (Eastern Orthodox liturgics)

   * Cold Food Festival, held on April 4 if it is a Leap Year (China)

         o Hansik and Arbor Day (South Korea)

Six In The Morning

Heavy fighting loosens Gbagbo’s grip



TIM COCKS AND ANGE ABOA ABIDJAN, CôTE D’IVOIRE – Apr 05 2011

Sustained machinegun and heavy weapons fire rang out from the direction of the palace in the commercial capital Abidjan before dawn in the heaviest fighting since soldiers backing presidential claimant Alassane Ouattara entered the city five days ago, a Reuters witness said.

A spokesperson for Ouattara’s government said late on Monday his troops had already taken control of Gbagbo’s official presidential residence, but his statement could not be independently verified.

House Republicans to propose $6.2 trillion in spending cuts

The reduction, to take place over the next 10 years, is part of their 2012 budget blueprint that makes vast changes to the scope of federal governmen

By Lisa Mascaro, Washington Bureau

April 5, 2011


House Republicans will propose $6.2 trillion in spending cuts over the next decade Tuesday as part of their ambitious 2012 budget blueprint that will include vast changes to the size and scope of the federal government, amplifying the fiscal battle with the White House.

Such a spending reduction would dwarf President Obama’s proposed fiscal 2012 budget, and the resulting political battle would dwarf the debate over spending in the remainder of the 2011 fiscal year, which ends Sept. 30. The 2011 fracas has consumed Washington and risked a government shutdown while Congress tries to negotiate $33 billion in cuts.

EU and US urge China to free Ai Weiwei

International concern grows over fate of missing Chinese artist amid wider crackdown on dissidents and activists  

Tania Branigan in Beijing

guardian.co.uk, Tuesday 5 April 2011 07.35 BST


Britain, the US and the EU have joined the growing international outcry over the detention of Chinese artist Ai Weiwei and the wider crackdown on dissidents and activists.

Officials detained the 53-year-old at Beijing airport on Sunday morning. No one has been able to contact him since.

“I call on the Chinese government to urgently clarify Ai’s situation and wellbeing, and hope he will be released immediately,” William Hague said.

The foreign secretary added: “The development of independent civil society and application of human rights under the rule of law are essential prerequisites for China’s long-term prosperity and stability.”

Why a lack of empathy is the root of all evil

From casual violence to genocide, acts of cruelty can be traced back to how the perpetrator identifies with other people, argues psychologist Simon Baron-Cohen. Is he right?

By Clint Witchalls  Tuesday, 5 April 2011

Lucy Adeniji – an evangelical Christian and author of two books on childcare – trafficked two girls and a 21-year-old woman from Nigeria to work as slaves in her east London home. She made them toil for 21 hours a day and tortured them if they displeased her. The youngest girl was 11 years old.

Sentencing her to 11-and-a-half years in prison last month, Judge Simon Oliver said: “You are an evil woman. I have no doubt you have ruined these two girls’ lives. They will suffer from the consequences of the behaviour you meted out to them for the rest of their lives.”

Kazakh authorities indulged in “blatant ballot-box stuffing”

Kazakh authorities indulged in “blatant ballot-box stuffing”, and piled “undue pressure on people” to ensure a landslide victory for the country’s long-serving president in Sunday’s election, Europe’s election watchdog has reported.  

By Richard Orange, Astana

“Kazakhstan should be proud of its economic growth, but this election is a sign that unfortunately their democratic processes have not grown at the same pace,” said Tonino Picula, who led a team of observers for the Office of Democratic Institutions and Human Rights (ODIHR).

Monday’s report comes as a blow to the democratic claims of Nursultan Nazarbayev, 70, who has led the resource-rich former Soviet republic with a firm but deft hand since the last days of the Soviet Union.

Mr Nazarbayev won an overwhelming 95 per cent of the votes in the poll, the country’s election commission said, on a spectacular turnout of 89.9 per cent.

Condolence cash in Japan



Apr 05, 2011 | Reuters | TOKYO

The operator of Japan’s crippled nuclear power plant started paying ‘condolence money’ on Tuesday to victims of the worst nuclear crisis since Chernobyl while it kept pouring radioactive water into the sea.

In desperation, engineers at the Fukushima Daiichi plant have turned to what are little more than home remedies to stem the flow of contaminated water. On Tuesday, they used “liquid glass” in the hope of plugging cracks in a leaking concrete pit.

DocuDharma Digest

Regular Features-

Featured Essays for April 4, 2011-

DocuDharma

2011 NCAA Men’s Basketball Championship

No upsets.

Saturday’s Results

Seed Team Record Score Region Seed Team Record Score Region
8 *Butler 27 – 9 70 Southeast 11 Virginia Commonwealth 28 – 12 62 Southwest
3 *Connecticut 33 – 9 56 West 4 Kentucky 35 – 9 55 East

So this is it.  If you like rooting for the underdog Butler is your pick (BTW Dad- Indianapolis, Indiana).  Their Bulldog mascot got a special pass from the NCAA to be at tonight’s game and the Husky didn’t (I don’t even think they have a real live Husky mascot, it’s not like ‘Handsome Dan’ or ‘Lassie’ so it’s really no big deal).

On the other hand Connecticut has little enough to be proud about unless you think taking a piece of wood and selling it as Nutmeg is cool.  Or the Slave Trade and Cotton Gin.  Or Sewing Machine Sweat Shops.  Or Guns.

I do think the Connecticut Compromise was a good idea even though the Senate has become disfunctional.  It’s their own damn fault, there is no Constitutional basis for the filibuster other than allowing each house to set its own rules.

So I’ll be rooting for the team with the deeply stupid fight song again-

UConn Huskies

UConn Husky, symbol of might to the foe.

Fight, fight Connecticut, It’s vict’ry, Let’s go. (go. go. go)

Connecticut UConn Husky,

Do it again for the White and Blue

So go--go--go Connecticut, Connecticut U.

C-O-N-N-E-C-T-I-C-U-T

Connecticut, Conneticut Husky, Connecticut Husky

Connecticut C-O-N-N-U!

The Final

Seed Team Record Region Seed Team Record Region
3 Connecticut 33 – 9 West 8 Butler 27 – 9 Southeast

Follow the 2011 NCAA Men’s Basketball Tournament on The Stars Hollow Gazette.

If you don’t like squeeky shoes you can look for alternate programming here-

For a more traditional bracket try CBS Sports.

Evening Edition

Once again I’ll be hosting the Evening Edition while ek hornbeck sets up for tonight’s Men’s Final of the NCAA Championship Tournament on CBS at 9 PM.

Sept. 11 suspects to be tried at Guantanamo Bay

By James Vicini And Phil Stewart – 22 mins ago

  • WASHINGTON (Reuters) – In a political setback for President Barack Obama, the United States said on Monday it would try self-professed September 11 mastermind Khalid Sheikh Mohammed and four co-conspirators in a military commission at Guantanamo Bay and not in a U.S. civil court as Obama hoped.

    U.S. Attorney General Eric Holder told a news conference the decision was necessary because Congress had imposed “unwise and unwarranted restrictions” that blocked the administration from bringing any Guantanamo detainees to trial in the United States.

  • So, Mr. Rule of Law, did you think perhaps to challenge the congressional action in the courts? But then, under the rule of law, Khalid and the others would most likely have to be released

  • UN, French forces attack Gbagbo bases in Ivory Coast

    by Thomas Morfin – 50 mins ago

    ABIDJAN (AFP) – French and UN helicopters opened fire on the Ivory Coast presidential palace and bases of strongman Laurent Gbagbo Monday amid an all-out offensive to make him quit the presidency.

    The helicopters targeted the presidency, Gbagbo’s residence and military barracks in the main city Abidjan hours after fighters for internationally recognised leader Alassane Ouattara launched a new offensive to unseat him.

  • Japan dumps low-level radioactive water into sea

    by Shingo Ito – Mon Apr 4, 12:06 pm ET

    OFUNATO, Japan (AFP) – Japan on Monday started to dump more than 10,000 tons of low-level radioactive water into the Pacific as part of emergency operations to stabilise its crippled Fukushima Daiichi nuclear plant.

    The last-resort measure came after the Bank of Japan said business confidence had plummeted since the earthquake and tsunami hit on March 11, plunging the country into its worst crisis since World War II.

  • Libya rebels dismiss deal with Kadhafi son

    by Joseph Krauss – 8 mins ago

    BENGHAZI, Libya (AFP) – Rebels battling Moamer Kadhafi on Monday flatly rejected any possible peace deal that could see the embattled Libyan leader’s son left in charge of the war-wracked country.

    As a Kadhafi envoy arrived in Turkey for talks on a possible “roadmap,” rebel fighters launched a new attempt to recapture Brega, advancing to the outskirts of the oil refinery town only to be forced back by artillery fire.

  • Stumbling blocks remain in budget fight

    By Andy Sullivan And Caren Bohan – 1 hr 6 mins ago

    WASHINGTON (Reuters) – Republican and Democratic lawmakers clashed over military spending Monday as they struggled to complete a record spending-cut package that would keep the federal government operating beyond Friday.

    Even as congressional staffers made progress on a tentative deal to cut $33 billion from current levels, several stumbling blocks emerged that could prevent the two sides from reaching a deal in time to avert a government shutdown.

  • Libyan wounded describe “hell” of Misrata

    By Tarek Amara And Alexander Dziadosz – 34 mins ago

    SFAX, Tunisia/BREGA, Libya (Reuters) – Forces loyal to Libyan leader Muammar Gaddafi are staging a “massacre” in the besieged city of Misrata, evacuees said on Monday, as Turkey said it was trying to broker a ceasefire to halt the bloodshed.

    With Libya in chaos as Gaddafi’s troops battle rebels, an official in neighboring Algeria said al Qaeda was exploiting the conflict to acquire weapons, including surface-to-air missiles, and smuggle them to a stronghold in northern Mali.

  • More customers exposed as big data breach grows

    By Jonathan Spicer And Maria Aspan – Mon Apr 4, 8:51 am ET

    NEW YORK (Reuters) – The names and e-mails of customers of Citigroup Inc and other large U.S. companies, as well as College Board students, were exposed in a massive and growing data breach after a computer hacker penetrated online marketer Epsilon.

    In what could be one of the biggest such breaches in U.S. history, a diverse swath of companies that did business with Epsilon stepped forward over the weekend to warn customers some of their electronic information could have been exposed.

  • Libya rebels push into town they lost twice before

    By Ryan Lucas, Associated Press – 37 mins ago

    BREGA, Libya – Rebel fighters pushed back into this hard-fought oil town on Monday, seizing half of Brega and pledging to drive out Libyan leader Moammar Gadhafi’s forces in hours in an advance that would open a vital conduit for oil sales by the oppostion.

  • Japan seeks Russian help to end nuclear crisis

    By Chizu Nomiyama And Shinichi Saoshiro – Mon Apr 4, 1:02 pm ET

    TOKYO (Reuters) – Japan has asked nuclear superpower Russia to send a special radiation treatment ship used to decommission nuclear submarines to help in its fight to contain the world’s worst atomic crisis since Chernobyl, Japanese media said late on Monday.

  • Martelly is Haiti election winner, official says

    By Joseph Guyler Delva Joseph Guyler Delva – 33 mins ago

    PORT-AU-PRINCE (Reuters) – Singer Michel Martelly is the winner of Haiti’s presidential election, beating former first lady Mirlande Manigat, according to official preliminary results, a senior electoral council official said on Monday.

  • Yemen toll rises as U.S. seen pressing Saleh to go

    By Mohamed Sudam And Mohammed Ghobari – 1 hr 18 mins ago

    SANAA (Reuters) – Police and armed men in civilian clothes opened fire on anti-government demonstrators in the Yemeni cities of Taiz and Hudaida on Monday, witnesses said, as a drive to oust President Ali Abdullah Saleh gathered pace.

  • 700 fishermen missing in Myanmar after storms

    YANGON, Myanmar – Nearly 700 fishermen from Myanmar are missing after a three-day burst of unseasonable storms that ripped apart rickety fishing boats in the Andaman Sea, news reports said Monday.

  • Merkel, Netanyahu likely to discuss Iran bank: source

    By Brian Rohan – 9 mins ago

    BERLIN (Reuters) – German Chancellor Angela Merkel and her Israeli counterpart Benjamin Netanyahu are likely to discuss a German bank providing financial services to Iran when they meet this week, a source said Monday.

  • Leaders decry IRA dissidents’ `war against peace’

    By Shawn Pogatchnik, Associated Press – 6 mins ago

    DUBLIN – Irish Republican Army dissidents responsible for killing a new Catholic police recruit in Northern Ireland are waging a pointless “war against peace” that has unified the community in anger, Northern Ireland’s security and political leaders declared Monday.

  • Indebted Portugal’s 10-year bond yield hits new record

    PARIS (AFP) – The yield on debt-burdened Portugal’s 10-year bonds rose for the 10th straight session on Monday, hitting a new record high amid rising concerns over the country’s political and economic future.

  • Obama invites lawmakers to budget session

    By Andrew Taylor, Associated Press – 1 hr 5 mins ago

    WASHINGTON – President Barack Obama on Monday summoned key lawmakers from both parties to the White House for budget talks in hopes of avoiding a government shutdown this weekend.

  • Cocaine smugglers laundered billions through Wachovia bank

    By Brett Michael Dykes

    Somehow, the major banks in the United States have gone from serving as the main bulwarks of credit and entrepreneurial pluck to the moral equivalent of a James Bond villain. There were, for instance, the jaw-dropping mortgage frauds detailed by “60 Minutes” just last night. There was last week’s report on a group of Citibank-affiliated debt collectors actually killing a customer in Indonesia in a dispute over a credit card bill. And there’s the long-running but demoralizing story of the unjustified efforts of large banks to foreclose on active-duty soldiers.

  • Southwest cancels more flights amid inspections

    ATLANTA (Reuters) – Southwest Airlines Co canceled 70 flights on Monday as it continued to inspect Boeing 737 planes following the emergency landing on Friday of a jet with a hole in its fuselage.

  • Massachusetts taps lesbian for top court

    By Ros Krasny And Lauren Keiper – 44 mins ago

    BOSTON (Reuters) – Massachusetts Governor Deval Patrick on Monday nominated Barbara Lenk, a lesbian, to fill an opening on the state’s highest court.

    If confirmed, Lenk would be the first openly gay Supreme Court justice in Massachusetts and one of only a handful at that level in the country.

  • Supreme Court to decide jail strip search case

    By James Vicini – 13 mins ago

    WASHINGTON (Reuters) – The Supreme Court said Monday that it would decide whether a jail policy of strip searching every individual arrested for any minor offense violated constitutional privacy rights.

  • Feds seek $7M in privately made ‘Liberty Dollars’

    By Tom Breen, Associated Press – Mon Apr 4, 12:41 pm ET

    RALEIGH, N.C. – Federal prosecutors on Monday tried to take a hoard of silver “Liberty Dollars” worth about $7 million that authorities say was invented by an Indiana man to compete with U.S. currency.

  • GOP 2012 budget to make $4 trillion-plus in cuts

    By Douglass K. Daniel, Associated Press – Sun Apr 3, 9:53 pm ET

    WASHINGTON – A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president’s debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author said Sunday.

  • McDonald’s takes aim at “McJob” with U.S. hiring spree

    By Lisa Baertlein – Mon Apr 4, 12:06 pm ET

    LOS ANGELES (Reuters) – Fast-food chain McDonald’s Corp announced a one-day spring hiring spree aimed at fighting the use of the term “McJob” as shorthand for describing low-wage, dead-end work.

  • Dog gets hugs from owner after tsunami rescue

    TOKYO – A dog rescued from drifting ocean debris immediately jumped to her owner and wagged her tail at their reunion more than three weeks after Japan’s tsunami.

    Toshio Suzuki described Monday’s reunion at the animal shelter he heads in the tsunami-wrecked Miyagi region of northern Japan. The owner of the 2-year-old mixed breed named Ban saw Friday’s rescue on television.

  • Where The Money Is

    Why We Must Raise Taxes on the Rich

    Robert Reich

    Monday, April 4, 2011

    The vast majority of Americans can’t afford to pay more. Despite an economy that’s twice as large as it was thirty years ago, the bottom 90 percent are still stuck in the mud. If they’re employed they’re earning on average only about $280 more a year than thirty years ago, adjusted for inflation. That’s less than a 1 percent gain over more than a third of a century.



    Yet even as their share of the nation’s total income has withered, the tax burden on the middle has grown. Today’s working and middle-class taxpayers are shelling out a bigger chunk of income in payroll taxes, sales taxes, and property taxes than thirty years ago.



    The top 1 percent’s share of national income has doubled over the past three decades (from 10 percent in 1981 to well over 20 percent now). The richest one-tenth of 1 percent’s share has tripled.



    Yet, remarkably, taxes on the top have plummeted. From the 1940s until 1980, the top tax income tax rate on the highest earners in America was at least 70 percent. In the 1950s, it was 91 percent. Now it’s 35 percent. Even if you include deductions and credits, the rich are now paying a far lower share of their incomes in taxes than at any time since World War II.



    If the rich were taxed at the same rates they were half a century ago, they’d be paying in over $350 billion more this year alone, which translates into trillions over the next decade. That’s enough to accomplish everything the nation needs while also reducing future deficits.



    Yes, the rich will find ways to avoid paying more taxes courtesy of clever accountants and tax attorneys. But this has always been the case regardless of where the tax rate is set. That’s why the government should aim high.



    And yes, some of the super rich will move their money to the Cayman Islands and other tax shelters. But paying taxes is a central obligation of citizenship, and those who take their money abroad in an effort to avoid paying American taxes should lose their American citizenship.



    (T)he reason we have a Democrat in the White House – indeed, the reason we have a Democratic Party at all – is to try to rebalance the economy exactly this way.



    This shouldn’t be difficult. Most Americans are on the receiving end. By now they know trickle-down economics is a lie. And they sense the dice are loaded in favor of the multi-millionaires and billionaires, and their corporations, now paying a relative pittance in taxes.

    Punting the Pundits

    “Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

    Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”

    Paiul Krugman: The Truth, Still Inconvenient

    So the joke begins like this: An economist, a lawyer and a professor of marketing walk into a room. What’s the punch line? They were three of the five “expert witnesses” Republicans called for last week’s Congressional hearing on climate science.

    But the joke actually ended up being on the Republicans, when one of the two actual scientists they invited to testify went off script.

    Prof. Richard Muller of Berkeley, a physicist who has gotten into the climate skeptic game, has been leading the Berkeley Earth Surface Temperature project, an effort partially financed by none other than the Koch foundation. And climate deniers – who claim that researchers at NASA and other groups analyzing climate trends have massaged and distorted the data – had been hoping that the Berkeley project would conclude that global warming is a myth.

    New York Times Editorial: An Epidemic of Rape for Haiti’s Displaced

    Life after Haiti’s earthquake has been especially difficult and dangerous for displaced women and girls. In addition to the ongoing crises of homelessness and cholera, a chronic emergency of sexual violence prevails in the settlements where hundreds of thousands still live, well over a year after the disaster.

    Groups of Haitian women have been struggling to defend themselves, banding together to prevent assaults and now taking their case to a wider world. At a hearing March 25 in Washington before the Inter-American Commission on Human Rights, a grass-roots group, Kofaviv, joined other human-rights advocates in pressing for an end to what they called a rape epidemic. The police, they said, rarely patrol inside unlighted camps or investigate attacks. Victims live in constant fear and shame while attackers go unpunished.

    E.J. Dionne, Jr.: The end of progressive government?

    So far, our nation’s budget debate has been a desultory affair focused on whether a small slice of the federal government’s outlays should be cut by $33 billion or $61 billion, or whatever.

    But Americans are about to learn how much is at stake in our larger budget fight, how radical the new conservatives in Washington are, and the extent to which some politicians would transfer even more resources from the have-nots and have-a-littles to the have-a-lots.

    David White:Wholesale Robbery in Liquor Sales

    Imagine if Texas lawmakers, in a bid to protect mom-and-pop bookstores, barred Amazon.com from shipping into the state. Or if Massachusetts legislators, worried about Boston’s shoe boutiques, prohibited residents from ordering from Zappos.com.

    Such moves would infuriate consumers. They might also breach the Constitution’s commerce clause, which limits states from erecting trade barriers against one another. But wine consumers, producers and retailers face such restrictions daily.

    Last month,  Representative Jason Chaffetz, Republican of Utah, introduced a bill in the House that would allow states to cement such protectionist laws. It should appall wine snobs, beer swillers and even teetotalers. In this case, the law would protect not small stores and liquor producers, but the wholesale liquor lobby.

    Michelle Chen: Do Western Strikes in Libya Betray Peaceful Revolt Everywhere?

    Is the Arab Spring already coming to an end? The foreign intervention in the rebellion in Libya has clouded the rosy vision of nonviolent, youth-led uprisings that had enchanted activists around the world. Will the surge of grassroots pro-democracy solidarity hit a dead end in the streets of Tripoli, as a nebulous armed insurrection aligns with U.S. and European forces?

    The speech President Obama gave to belatedly justify the NATO-led intervention makes the same appeals to “universal” humanitarian principles that George W. Bush raised to make the case for war in Iraq. Obama’s words also betrayed typical selectivity in Washington’s decisions on whose humanity to protect, and at what cost.

    Robert Dreyfuss: Afghans and Floridians: Extremism Builds Extremism

    If we’re going to war against religious extremists-and let’s face it, crazies-it’s a toss-up whether to invade Florida or Afghanistan. I’m not in favor of either one, but the United States has picked Afghanistan, leaving the crazies in Florida a free hand.

    Deranged violence is spreading across Afghanistan in the wake of Koran burnings in Florida. The fact that it’s happening might signal to American policymakers that bringing democracy to Afghanistan, at least anything that looks like the system that prevails in the United States, is not happening. It might not be a clash of civilizations, but when a population is so reactionary and vulnerable to religious extremism, they’re not likely to march in docile fashion to the ballot box, even when encouraged to do so by 100,000 US troops.

    Robert Kuttner: Changing the Tone in Washington

    My fellow Americans,

    I ran for president to do two things — to change the tone of bitter partisanship in Washington, and to accomplish constructive economic change so that more Americans can share the blessings of prosperity.

    I need to speak candidly to you tonight. Despite my best efforts, I find that I cannot do both things. You see, it takes two to compromise.

    I understand why many Americans voted against my party — the Democrats — last November. Recovery from the worst recession in 75 years was, and is, too slow.

    It’s understandable that many people who had high hopes in 2008 felt those hopes dashed in 2010. The president’s party normally loses some seats in his first off-year election, especially in hard economic times, and these times have been more difficult than most.

    Those of you who voted for the opposition had every right to do so. But the vast majority of Americans did not vote to slash public spending on children, university students, the elderly, the disabled, the sick, and people who are unemployed through no fault of their own. You did not vote to blame the recession on nurses, teachers, police and fire-fighters or to punish them for the sins of Wall Street.

    The budget debate that has dominated the headlines has emphasized numbers — mind numbing numbers. Will Congress cut $70 billion dollars, or $50 billion dollars, or $100 billion dollars? But let me tell you, this budget debate is not just about numbers.

    It’s about whether kids who are eligible for Head Start are denied places in the classroom. Whether community health centers shut down. Whether students who want a chance to go to college are denied Pell Grants. Whether our families have safe drinking water and pure food. Whether Americans who are unemployed through no fault of their own lose their health insurance. And whether the most affluent Americans get still more tax cuts.

    Although the Republican Party is increasingly captured by the Tea Party, I just don’t believe most Americans voted for these slash and burn cuts that will only harm our economy.

    We have done our best to find a middle ground. But the opposition party keeps moving the goal posts on us.

    No sooner do we come to terms over a compromise to keep the government open than the price goes up. The price of keeping the government, it turns out, is to cripple the government and the services that it provides. Deep cuts in Social Security, Medicare, and Medicaid are next.

    Well, not while I’m president. I am here to say tonight that we are not going to balance the budget on the backs of kids, or elderly Americans, or sick people, or working families.

    Last December, we reluctantly compromised with the Republicans in order to extend unemployment insurance and help working Americans in other ways. Their price was two more years of tax cuts for the very wealthiest of Americans. The cost was over $125 billion — or more than the cost of spending cuts now being demanded.

    Frankly, if anyone should be tightening their belts in these circumstances, it is the most fortunate among us. But the increase in the deficit caused by those tax cuts is now being use as the pretext to slash government help to everyone else.

    That’s not right. So don’t make the mistake of thinking that this debate is about who has the sharpest knife for cutting deficits. It’s about how we cut deficits, about whose belt is to be tightened, and how we get the economy back on track.

    If the Republicans had been sincere about wanting to hold down deficits, they never would have demanded those tax giveaways as their price for aiding the unemployed.

    Not only are the Tea Party Republicans demanding crippling cuts in public services. They have also larded up the budget bill with so called riders that have nothing do with the budget.

    They would ban funding for the new bureau of consumer financial protection, and other regulatory agencies charged with keeping banks from repeating the abuses that got us into this mess.

    They would ban funding for the Affordable Care Act, meaning insurance companies once again could deny coverage to people with pre-existing conditions.

    They would prohibit the Environmental Protection Agency from regulating toxic substances like mercury, Dioxin, and arsenic in certain industries.

    They would block the Department of Education from cracking down on well documented abuses on the part of for-profit colleges that deceive hard working students and their parents.

    They would get rid of federally-funded family planning services, which also includes screening for breast and cervical cancer.

    Most Americans do not support these policies. And as much as I want compromise and civility in Washington, I am not a damned fool.

    Americans deserve to know just how extreme these ideas are. And if the far right wants to threaten to shut down the government if we don’t accept these radical ideas, that’s a fight I’m prepared to have.

    So I will continue my efforts to change the tone in Washington. But sometimes that requires firmness in the face of reckless destruction.

    I want you to know, this is not about the “partisan bickering” that the press loves to decry. The far right is trying to show its supporters that it can be tough enough to shut down the government. But I can be just as tough on behalf of working American families, who have already suffered enough.

    This is the leader I thought I was voting for. Judging by his performance so far, I was wrong.

    Obama’s tactics could be one way for him to win re-election. He puts himself above party, hangs progressive Democrats out to dry, and lets Republican recalcitrance move the political center further and further to the right. When he eventually gets a budget deal, it doesn’t matter to him that it is mostly on Republican terms. He wins points for keeping the government open.

    John Nichols: Manning Marable: A Public Intellectual in the Service of Democracy

    Many tributes will be paid in coming days to our friend and comrade from so many struggles, Manning Marable. The accolades will be rich in sentiment and content, the praise high, and appropriately so.

    The great historian of the African American political experience who as a Columbia University professor helped to establish the Institute for Research in African-American Studies and the Center for Contemporary Black History,” Marable was an academic heavyweight whose scholarship earned international recognition-and whose new book Malcolm X: A Life of Reinvention, which will be published Monday by Viking, will reconfirm his status as a groundbreaking historian. His death Friday at age 60, after a long battle with lung disease, was brutally timed, as the diligent scholar’s greatest moment of national prominence was about to arrive with the publication of a biography not just of a man, Malcolm X, but of movements and the transformation of a nation.

    Monday Business Edition

    Monday Business Edition is an Open Thread

    From Yahoo News Business

    1 Japan business confidence dives after quake: BoJ

    AFP

    Mon Apr 4, 1:20 am ET

    TOKYO (AFP) – Japanese business confidence in the outlook for the next three months has plunged following the March 11 earthquake-tsunami and subsequent nuclear crisis, the Bank of Japan said Monday.

    The central bank re-released Friday’s quarterly Tankan survey to show the breakdown in the replies it received before and after the disasters.

    With most of the responses from companies received before March 11, the survey does not fully reflect the impact of the quake.

    AFP

    2 Stars align for unstoppable Aussie dollar

    by Amy Coopes, AFP

    Sun Apr 3, 5:49 pm ET

    SYDNEY (AFP) – Floods, cyclones, earthquakes — even a nuclear crisis and revolt in the Middle East have been unable to slow the Australian dollar’s record-breaking ascent.

    Known among traders as the “Aussie”, the commodities-linked currency surged to new highs against the greenback last week, touching $1.0389 in late trade on Friday.

    It dipped briefly to around 97 US cents after a devastating 9.0-magnitude quake and tsunami triggered a nuclear emergency in Japan, but the speed and scale of its recovery has stunned the market.

    Because traders are morons.

    3 Japan disaster to cost Australia $2 bln in lost trade

    by Martin Parry, AFP

    Sun Apr 3, 3:00 am ET

    SYDNEY (AFP) – The devastating earthquake and tsunami in Japan will cost Australia some Aus$2 billion (US$2.07 billion) in lost export earnings, trimming economic growth, Treasurer Wayne Swan said Sunday.

    Japan is the country’s second-largest trade partner after China and the seafloor quake and tsunami on March 11, which left about 28,000 people dead or missing, damaged ports and power stations.

    Australia is the world’s biggest shipper of coal and iron ore and Swan admitted the catastrophe would leave its mark on the Australian economy.

    4 Australia floods may cost coal business $8 bln

    by Madeleine Coorey, AFP

    Sat Apr 2, 2:38 am ET

    SYDNEY (AFP) – Devastating floods could cost Australia up to $8.3 billion in lost coal production, new estimates show — a sharp increase on earlier projected losses.

    The huge deluge that swamped coal-producing Queensland state in January caused significant damage, halting mine production and cutting key transport infrastructure, the Treasury said in its latest economic round-up released on Saturday.

    “Contacts suggested that the loss of coal production is estimated to be between 20 million and 30 million tonnes,” it said.

    5 European bank appears set for landmark rate hike

    by William Ickes, AFP

    Sat Apr 2, 11:12 pm ET

    FRANKFURT (AFP) – The European Central Bank is expected to announce its first interest rate hike since July 2008 this week even as the eurozone crisis deepens with three members missing key deficit targets.

    “Only a severe escalation of the situation in Japan or a crisis in the financial markets is likely to prevent the ECB from raising rates” on Thursday, Commerzbank economist Michael Schubert said.

    It would be the first change to the record low rate of 1.0 percent in effect since May 2009 but could raise pressure on eurozone members Greece, Ireland, Portugal and Spain.

    6 Obama, Republicans seek spending cut endgame

    AFP

    Sun Apr 3, 12:44 pm ET

    WASHINGTON (AFP) – President Barack Obama and his Republican foes, spurred on by arch-conservatives irate over gaping deficits, have until Friday to agree on what may be the deepest spending cuts in US history.

    Key lawmakers, joined by top Obama aides, are inching privately towards a deal to fund the government to October 1 and avert a partial federal shutdown triggered when a short-term funding measure expires at midnight on Friday.

    Republicans dispute a Democratic claim that the two sides have agreed to slash $33 billion and are now arguing over where to make the cuts, saying no single component is set in stone until a comprehensive deal is reached.

    7 Booming Kazakhstan fears ‘middle income trap’

    by Dmitry Zaks, AFP

    Sat Apr 2, 8:12 am ET

    ASTANA (AFP) – Kazakhstan is facing an economic dilemma its poorer neighbours might resent: its economy is booming off high energy prices and it now fears falling into a dreaded “middle income trap”.

    Kazakh Prime Minister Karim Massimov said he takes seriously World Bank warnings about how most poor nations reaching middle income status get stuck in dangerous complacency that puts a fatal lid on growth.

    Economists point to current example such as the Philippines and question whether Kazakhstan’s decade of 8.5 percent annual growth is sustainable in a country where court independence and infrastructure are fragile at best.

    8 Ford beats GM in US auto sales race

    by Mira Oberman, AFP

    Fri Apr 1, 5:52 pm ET

    CHICAGO (AFP) – Ford knocked General Motors out of the top spot for US auto sales last month, a feat it had managed only once before since 1998, industry data showed Friday.

    The upset came as the US auto industry continues to rebound strongly, with the overall sales rate rising for the sixth consecutive quarter.

    March sales increased 16.9 percent from a year earlier to 2.5 million vehicles, according to Autodata.

    9 Portugal pays high rates, Fitch slashes ratings

    AFP

    Fri Apr 1, 3:34 pm ET

    LISBON (AFP) – Debt-burdened Portugal had to pay sharply higher returns Friday to raise fresh funds as Fitch slashed its ratings on concerns upcoming polls will make life even more difficult for the country.

    The national debt agency said it raised 1.645 billion euros ($2.33 billion) in one-year bonds at an average yield — the return paid to buyers — of 5.793 percent, up from 4.331 percent at a similar sale on March 16.

    Although analysts said they had expected Lisbon to have to pay even more, anything above 5.0 percent on short-term debt is very high, with the markets betting Portugal will need external help to overcome its debt problems.

    10 Nasdaq, ICE bid to buy New York Stock Exchange

    AFP

    Fri Apr 1, 3:17 pm ET

    NEW YORK (AFP) – US securities exchanges Nasdaq and ICE joined forces Friday to make an $11.3 billion bid for NYSE Euronext, putting a spoiler on a rival bid to create the world’s biggest exchange.

    Moving to secure their own futures as exchanges around the world consolidate, Nasdaq and the Intercontinental Exchange offered NYSE shareholders 19 percent more per share than a rival bid from Deutsche Boerse.

    The deal would would see markets in Brussels, Paris, Amsterdam, Lisbon and New York change hands, while keeping Wall Street’s fabled exchange under US ownership.

    11 S&P downgrades Ireland on debt concerns

    AFP

    Fri Apr 1, 12:33 pm ET

    DUBLIN (AFP) – Standard & Poor’s on Friday downgraded its credit rating on beleaguered Ireland over debt concerns but gave the eurozone country a “stable” outlook after welcoming its plans to prop up sinking banks.

    S&P cut its rating by one notch to BBB+ from A-, saying that investors in Irish state bonds could lose out under the terms of a new eurozone bailout system.

    In a separate statement, rival agency Fitch said it had placed its ratings on Ireland on “negative watch” — indicating a heightened probability of a downgrade in the near term.

    Reuters

    12 More customers exposed as big data breach grows

    By Jonathan Spicer and Maria Aspan, Reuters

    Sun Apr 3, 7:27 pm ET

    NEW YORK (Reuters) – The names and e-mails of customers of Citigroup Inc and other large U.S. companies, as well as College Board students, were exposed in a massive and growing data breach after a computer hacker penetrated online marketer Epsilon.

    In what could be one of the biggest such breaches in U.S. history, a diverse swath of companies that did business with Epsilon stepped forward over the weekend to warn customers some of their electronic information could have been exposed.

    Drugstore Walgreen, Video recorder TiVo Inc, credit card lender Capital One Financial Corp and teleshopping company HSN Inc all added their names to a list of targets that also includes some of the nation’s largest banks.

    13 China’s Minmetals offers $6.5 billion for Equinox

    By Michael Smith and Sonali Paul, Reuters

    1 hr 17 mins ago

    MELBOURNE (Reuters) – Minmetals Resources (1208.HK), China’s biggest metals trading firm, on Monday offered $6.5 billion to buy Equinox Minerals (EQN.AX)(EQN.TO), chasing the target company’s copper assets in Zambia and Saudi Arabia.

    China, which accounts for 40 percent of the world’s demand for copper, is on a mining acquisition spree as prices for the red metal hover near record highs.

    Minmetals, which owns mining operations in Australia and Asia, said it would offer C$7 per share for Equinox, a 23 percent premium to Equinox’s close in Toronto last Friday of C$5.71. It would be China’s fourth-biggest outbound M&A deal, according to Thomson Reuters data.

    14 Decks clear for April launch of Glencore mega-float

    By Kylie MacLellan, Reuters

    Sun Apr 3, 7:33 am ET

    LONDON (Reuters) – Glencore has cleared the decks to launch its much-anticipated $10-billion listing around the middle of the month, receiving the nod from the Hong Kong stock exchange and positive signals from debt markets.

    Two sources familiar with the matter said that Glencore, expected to list in both London and Hong Kong, was planning to issue a so-called Intention to Float document in London around mid-April, though this timeline could still change.

    If the company makes a final decision to go ahead with the listing, it would likely be completed by around mid-May.

    15 Deutsche Boerse awaits reactions before further NYSE move

    By Edward Taylor and Philipp Halstrick, Reuters

    2 hrs 52 mins ago

    FRANKFURT (Reuters) – Deutsche Boerse won’t make a decision on a higher bid for NYSE Euronext until the U.S. exchange’s board reacts to last week’s counter-offer from Nasdaq and IntercontinentalExchange, sources said.

    The German exchanges operator is also waiting to see how credit rating agencies score Nasdaq’s move, two people familiar with Deutsche Boerse’s (DB1Gn.DE) strategy said on Monday.

    “Rating agencies as well as the NYSE Euronext board have not yet reacted to the offer, so it’s far too early to say what Boerse’s next move will be,” said one of the two sources.

    16 Gambling on a stocks break-out

    By Edward Krudy, Reuters

    Sun Apr 3, 11:35 am ET

    NEW YORK (Reuters) – The Standard & Poor’s 500 index is poised to hit its highest mark in nearly three years this week after more signs of life from the jobs market, but think twice before betting the house.

    Many investors are coming to the view that the U.S. employment situation has turned a corner, but the risks that sent stocks cascading between mid-February and mid-March are as real as ever.

    In addition, the surprisingly robust recovery shown in recent economic data has some investors nervous that the Federal Reserve may end its easy money policies before schedule and increase interest rates in the second half of the year.

    17 IMF denies pressing Greece to restructure debt

    Reuters

    Sat Apr 2, 6:59 pm ET

    WASHINGTON/BERLIN (Reuters) – The International Monetary Fund on Saturday denied a report in German magazine Der Spiegel that it was privately pressing Greece to restructure its debt.

    “As we have said consistently, the IMF supports the Greek government’s position of no debt restructuring and its determination to fully service its debt obligations. Any reports claiming otherwise are wrong,” an IMF spokeswoman told Reuters.

    Without citing any sources, Der Spiegel reported that the IMF had reversed its previous opposition to the idea of a Greek restructuring and now believed one was necessary soon.

    18 Supply woes, high prices changing chocolate treats

    By Marcy Nicholson, Reuters

    Sat Apr 2, 2:07 pm ET

    PARADISE ISLAND, Bahamas (Reuters) – Chocolate treats will continue to get a little less chocolaty if the cost of the key ingredient cocoa rises further and the long-term supply concerns become a reality, one U.S. manufacturer told Reuters.

    “There’s been clearly over the last couple of years, a reduction in unit size of a lot of products. That’s really a manifestation of demand rationalization,” said Peter W. Blommer, president and chief operating officer of the Blommer Chocolate Company in the United States.

    U.S. cocoa futures prices hit a 32-year high last month at $3,775 per tonne, when agricultural commodities overall were rallying. They were spurred even higher by an export ban in top grower Ivory Coast as the political crisis there worsened.

    19 Nasdaq, ICE bid to snatch NYSE from Germans

    By Jonathan Spicer and Lauren Tara LaCapra, Reuters

    Fri Apr 1, 7:19 pm ET

    NEW YORK (Reuters) – Nasdaq OMX and IntercontinentalExchange bid $11.3 billion for NYSE Euronext in an effort to trump Deutsche Boerse’s deal, and pushed their case with an appeal to U.S. patriotism.

    The counterbid — unveiled on Friday to some skepticism it can succeed — would redraw the world’s capital markets so that Americans have a stronger hand than Europeans as exchange operators globally maneuver to come out on top.

    The move presents U.S. lawmakers and regulators with a dilemma: whether to allow a German exchange to take control of the venerable New York Stock Exchange, or to allow the creation of a dominant American-run platform with massive market power.

    20 Fed’s Dudley warns of over-optimism, counters hawks

    By Kristina Cooke, Reuters

    Fri Apr 1, 5:46 pm ET

    SAN JUAN, Puerto Rico (Reuters) – One of the Federal Reserve’s most powerful policy makers pushed back against an increasingly hawkish tone from other Fed officials worried about inflation, saying he saw no need for the U.S. central bank to reverse course.

    William Dudley, president of the New York Federal Reserve Bank, said on Friday the Fed was “still very far away” from achieving its mandate of maximum sustainable employment and price stability, even though the economy is on a firmer footing.

    His caution contrasted with comments from three other Fed officials on Friday who focused on the risks that the U.S. central bank’s policies could fuel inflation.

    21 Gas-sipping cars drive March sales gain

    By Deepa Seetharaman and Ben Klayman, Reuters

    Fri Apr 1, 5:22 pm ET

    DETROIT (Reuters) – Sales of small cars raced ahead in March as buyers flocked to more fuel-efficient vehicles, a trend major U.S. automakers expect to persist if gasoline prices continue to rise.

    In addition to gas-sipping cars, the improving U.S. job market helped most major automakers race past expectations for U.S. sales in March with the main exception being General Motors Co (GM.N), which pulled back on its incentives.

    “When I look at the overall picture, I say ‘Hey, this recovery’s intact. It’s still going strong in the U.S.,'” said Gary Bradshaw, a portfolio manager with Hodges Capital Management, which owns Ford shares. “More people going back to work, they can afford cars.”

    22 Fitch says Portugal needs bailout while S&P cuts Ireland

    By Andrei Khalip and Carmel Crimmins, Reuters

    Fri Apr 1, 2:39 pm ET

    LISBON/DUBLIN (Reuters) – Credit rating agency Fitch downgraded Portugal on Friday saying the debt-laden country needed a bailout, while rival agency S&P cut Ireland’s rating after bank stress tests revealed another black hole.

    Despite a successful Portuguese debt sale on Friday, Fitch slashed its rating to the lowest investment grade rank of BBB-.

    “The severity of the downgrade by three notches mainly reflects Fitch’s concern that timely external support is much less likely in the near term following yesterday’s announcement of general elections to take place on 5 June,” said Douglas Renwick, Director in Fitch’s Sovereign Ratings Group.

    AP

    23 Italy recognizes rebels as legitimate Libyan voice

    By RYAN LUCAS and ALESSANDRA RIZZO, Associated Press

    26 mins ago

    BREGA, Libya – Italy recognized opponents of Libyan leader Moammar Gadhafi as the country’s only legitimate voice on Monday as the rebels advanced on a war-battered oil town and a Gadhafi envoy pressed other European countries for help in ending the crisis.

    Italy is only the third country, after France and Qatar, to recognize the rebel-led Libyan National Transitional Council as North Africa nation’s only legitimate governing body. After speaking with the council’s foreign envoy, Ali al-Essawi, Italian Foreign Minister Franco Frattini announced the decision and said the only way to resolve the conflict in the former Italian colony is for Gadhafi to leave – along with his sons, who lead the militias that are attacking rebel forces.

    “Any solution for the future of Libya has a precondition: that Gadhafi’s regime leaves … That Gadhafi himself and the family leave the country,” Frattini said.

    24 Search for radiation leak turns desperate in Japan

    By MARI YAMAGUCHI and YURI KAGEYAMA, Associated Press

    1 hr 29 mins ago

    TOKYO – Workers used a milky bathwater dye Monday as they frantically tried to trace the path of radioactive water seeping into the ocean from Japan’s tsunami-damaged nuclear plant.

    The crack in a maintenance pit discovered over the weekend was the latest confirmation that radioactivity continues to spill into the environment. The leak is a symptom of the primary difficulty at the Fukushima Dai-ichi complex: Radioactive water is pooling around the plant and preventing workers from powering up cooling systems needed to stabilize dangerously vulnerable fuel rods.

    The plant operators also deliberately dumped 10,000 tons of tainted water – measuring about 500 times above the legal limit for radiactivity – into the ocean Monday to make space at a storage site for water that is even more highly radiactive.

    25 Japan’s dim capital faces further power crunch

    By RYAN NAKASHIMA, AP Business Writer

    Sun Apr 3, 11:44 pm ET

    TOKYO – When a boiling summer hits power-starved Tokyo, even Japan’s culture of self-restraint will reach its limit.

    The March 11 tsunami that smashed into Japan’s northeast coast, killing as many as 25,000 people and knocking out nuclear power generation, has transformed this usually bright, bustling metropolis into a dark, humbler version of itself.

    Running on eco-mode in the cool spring invites few complaints as citizens bundle up, leave work early and even go to bed around sundown. Escalators are still, trains run without air conditioning, and popular night time baseball games have been suspended. Many say any complaints are hollow compared to the deprivation and destruction further north.

    26 NTSB: Cracks found in 3 grounded Southwest planes

    By BOB CHRISTIE, Associated Press

    2 hrs 20 mins ago

    YUMA, Ariz. – Three more Southwest Airlines jetliners have small, subsurface cracks that are similar to the cracks suspected of playing a role in the fuselage tear of a Boeing 737-300, causing the aircraft to lose pressure and forcing a frightening emergency landing, officials say.

    The 5-foot-long hole tore open in the passenger cabin roof area shortly after the plane left Phoenix for Sacramento, Calif., Friday afternoon. None of the 118 people aboard was seriously hurt as the plane descended from 34,400 feet to a military base in Yuma, 150 miles southwest of Phoenix.

    Since then Southwest grounded its 79 other Boeing 737-300s and began inspecting them.

    27 Google profile in China shrinking

    By JOE McDONALD, AP Business Writer

    Sun Apr 3, 11:35 pm ET

    BEIJING – A year after a public spat with Beijing over censorship, Google Inc. says its business with Chinese advertisers is growing even as the Internet giant’s share of online searches in China plunges.

    A major Chinese portal announced last week it would no longer use Google for search, compounding its rapid loss of market share since March last year when it closed its local search engine. The future of a Google map service that is a key part of its remaining appeal in China is in doubt.

    Google’s main presence in China has become its advertising sales offices, an unusual situation for a company that dominates the Internet elsewhere.

    28 Air France plane crash parts found; no black boxes

    By ANGELA CHARLTON, Associated Press

    Mon Apr 4, 5:28 am ET

    PARIS – Undersea robots have located bodies, motors and a “large part” of an Air France jet that plunged into the Atlantic Ocean in 2009, but haven’t yet found its black box flight recorders, French officials said Monday.

    Victims’ families cautiously welcomed the surprise announcement that search teams have located pieces of the plane, after nearly two years of fruitless efforts to determine what caused it to crash. Investigators have said without the recorders, the cause may never be determined.

    All 228 people aboard the plane were killed when the flight, en route from Rio de Janeiro to Paris, slammed into the ocean June 1, 2009, after running into an intense high-altitude thunderstorm.

    29 GOP 2012 budget to make $4 trillion-plus in cuts

    By DOUGLASS K. DANIEL, Associated Press

    Sun Apr 3, 9:53 pm ET

    WASHINGTON – A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president’s debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author said Sunday.

    The spending blueprint from Rep. Paul Ryan, the chairman of the House Budget Committee, is to be released Tuesday. It deals with the budget year that begins Oct. 1, not the current one that is the subject of negotiations aimed at preventing a partial government shutdown on Friday.

    In an interview with “Fox News Sunday,” Ryan said budget writers are working out the 2012 numbers with the Congressional Budget Office, but he said the overall spending reductions would come to “a lot more” than $4 trillion. The debt commission appointed by President Barack Obama recommended a plan that it said would achieve nearly $4 trillion in deficit reduction.

    30 Experts: Farmers not to blame for high food prices

    By MICHAEL J. CRUMB, Associated Press

    Mon Apr 4, 3:34 am ET

    DES MOINES, Iowa – Farmers and ethanol producers have braced for what they expect could be widespread criticism as corn prices are rising rapidly and other food costs are following.

    A similar increase five years ago generated a storm of criticism, with many in the food industry blaming the ethanol industry for buying up corn that could be used for food and faulting farmers for capitalizing on the higher prices. Many farmers and ethanol producers worried then the complaints would force a change in agriculture and energy policies and fewer subsidies for their industries, but prices came down and that didn’t happen.

    Now, they’re concerned again as corn prices rose even higher last week following an announcement that U.S. farmers are planting the second largest corn crop since 1944, but it won’t be enough to meet growing worldwide demand. Corn has traded at more than $7 a bushel this month, more than double last summer’s $3.50, and many traders say it could pass the record $7.65 set in 2008.

    31 Reporting from Tripoli, chafing on Gadhafi’s leash

    By HADEEL AL-SHALCHI, Associated Press

    Sun Apr 3, 2:32 pm ET

    TRIPOLI, Libya – At the Rixos Hotel, Moammar Gadhafi’s gilded cage for foreign journalists, fistfights break out. Paranoia is high. And the Libyan government is on unblinking watch for any deviation in the official script.

    Waitresses who serve coffee with smiles on their faces act more like trained intelligence agents hours later, when a woman bursts in claiming that militiamen had raped her. They expertly wrestle her to the ground.

    Government minders feed reporters the narrative of a nation united behind its longtime leader, then arrest or even expel those who sneak away to find out for themselves. Government-led trips dubbed “magical mystery tours” by the press corps sometimes turn perilous.

    32 Government appeals judge’s health care ruling

    By GREG BLUESTEIN, Associated Press

    Sun Apr 3, 1:43 pm ET

    ATLANTA – The federal health care overhaul’s core requirement to make virtually all citizens buy health insurance or face tax penalties is constitutional because Congress has the authority to regulate interstate business, the Justice Department said in its appeal of a ruling that struck down the Obama administration’s signature legislation.

    The government’s 62-page motion filed Friday to the 11th Circuit Court of Appeals argued that Congress had the power to enact the overhaul’s minimum coverage requirements because it is a “rational means of regulating the way participants in the health care market pay for their services.”

    The motion also warned other pieces of the overhaul, including a law that blocks insurers from denying coverage to people because of pre-existing conditions, would be “unworkable” without a minimum coverage provision.

    33 Tweaking the climate to save it: Who decides?

    By CHARLES J. HANLEY, AP Special Correspondent

    Sun Apr 3, 8:21 am ET

    CHICHELEY, England – To the quiet green solitude of an English country estate they retreated, to think the unthinkable.

    Scientists of earth, sea and sky, scholars of law, politics and philosophy: In three intense days cloistered behind Chicheley Hall’s old brick walls, four dozen thinkers pondered the planet’s fate as it grows warmer, weighed the idea of reflecting the sun to cool the atmosphere and debated the question of who would make the decision to interfere with nature to try to save the planet.

    The unknown risks of “geoengineering” – in this case, tweaking Earth’s climate by dimming the skies – left many uneasy.

    34 Report: Lithium batteries on crashed UPS plane

    By JOAN LOWY, Associated Press

    Sun Apr 3, 8:15 pm ET

    WASHINGTON – The cargo of a United Parcel Service plane that caught fire and crashed last year included lithium batteries that should have been declared as hazardous cargo, but weren’t, according to an accident report released Sunday by the Dubai government’s civil aviation authority.

    The report also paints a harrowing picture of two pilots struggling desperately to land their plane while running low on emergency oxygen and fighting smoke so thick they couldn’t see their flight instruments or change radio frequencies.

    The Boeing 747-400 crashed near the Dubai airport on Sept. 3 as the flight’s first officer attempted an emergency landing. Both pilots were killed.

    35 Rescued Libyans describe attacks in besieged city

    By BEN HUBBARD, Associated Press

    Sun Apr 3, 6:14 pm ET

    BENGHAZI, Libya – From makeshift beds inside a cruise-ship-turned-hospital, wounded residents of a besieged Libyan city told Sunday of daily shelling, looting and sniping by Moammar Gadhafi’s forces and called for the end of the Libyan ruler’s 42-year reign.

    The ship, carrying hundreds from Misrata to Turkey for care, made a brief stop in Benghazi, where rebel youth gathered on the dock to welcome them and seek news from an embattled city that has been largely cut off from the world for weeks.

    Dozens of men, many nursing gunshot wounds and missing limbs, lay on thin mats in the ship’s hull, speaking of brutal government attacks and young rebels struggling to fend them off.

    36 State budget crises push sentencing reforms

    By GREG BLUESTEIN, Associated Press

    Sat Apr 2, 11:32 am ET

    ATLANTA – As costs to house state inmates have soared in recent years, many conservatives are reconsidering a tough-on-crime era that has led to stiffer sentences, overcrowded prisons and bloated corrections budgets.

    Ongoing budget deficits and steep drops in tax revenue in most states are forcing the issue, with law-and-order Republican governors and state legislators beginning to overhaul years of policies that were designed to lock up more criminals and put them away for longer periods of time.

    “There has been a dramatic shift in the political landscape on this issue in the last few years,” said Adam Gelb, director of the Public Safety Performance Project of the Pew Center on the States. “Conservatives have led the charge for more prisons and tougher sentencing, but now they realize they need to be just as tough on criminal justice spending.”

    37 High-end medical option prompts Medicare worries

    By RICARDO ALONSO-ZALDIVAR, Associated Press

    Sun Apr 3, 12:17 am ET

    WASHINGTON – Every year, thousands of people make a deal with their doctor: I’ll pay you a fixed annual fee, whether or not I need your services, and in return you’ll see me the day I call, remember who I am and what ails me, and give me your undivided attention.

    But this arrangement potentially poses a big threat to Medicare and to the new world of medical care envisioned under President Barack Obama’s health overhaul.

    The spread of “concierge medicine,” where doctors limit their practice to patients who pay a fee of about $1,500 a year, could drive a wedge among the insured. Eventually, people unable to afford the retainer might find themselves stuck on a lower tier, facing less time with doctors and longer waits.

    38 Obama says spending deal close, Boehner doesn’t

    By DAVID ESPO, AP Special Correspondent

    Fri Apr 1, 9:23 pm ET

    WASHINGTON – A bullish President Barack Obama said Friday that compromise is close with Republicans on $33 billion in budget cuts, and he warned that without a deal the ensuing government shutdown would “jeopardize our economic recovery” just as jobs are finally being created.

    Despite his assessment, negotiators reported little progress, Senate Democrats backtracked on a key concession from earlier in the week and Congress’ top Republican sounded less optimistic than the president that a breakthrough was imminent.

    “There is no number. There is no agreement on a number” on how much to cut, insisted House Speaker John Boehner, who is under pressure from tea party-backed conservatives not to give too much ground. Still, he added, “I am not preparing for a government shutdown.”

    39 Administration approves bailout pay packages

    By MARTIN CRUTSINGER, AP Economics Writer

    Fri Apr 1, 8:49 pm ET

    WASHINGTON – The four companies still receiving the largest amounts of government bailout aid won’t be able to raise the amount of cash they pay out to their top executives this year, the administration’s pay czar has ruled.

    The decisions, released late Friday, cover 2011 compensation for the top 25 executives at General Motors Co., Chrysler, American International Group Inc. and Ally Financial Inc., the former financing arm of GM. The rulings clear the way for millions of dollars in salary and bonuses to be paid out by companies that are still repaying the billions in aid they received during the financial crisis from the government’s $700 billion Troubled Asset Relief Program.

    While the companies can’t give cash raises, they are being allowed to boost the value of deferred stock awards to their executives. The Treasury Department defended that decision, saying it is in line with pay guidelines that it used to make compensation decisions in 2009 and 2010.

    40 Auto sales up with economy, but buyers downsize

    By TOM KRISHER and DEE-ANN DURBIN, AP Auto Writers

    Fri Apr 1, 6:24 pm ET

    DETROIT – Americans bought smaller cars and SUVs in March, as higher gas prices made fuel efficiency a top priority and rising employment meant more first-time buyers bought a vehicle.

    The trends lifted U.S. sales of new vehicles by 17 percent from a year earlier to 1.25 million, a healthy rate that shows the auto industry’s slow and steady recovery remains on track. The monthly sales pace, adjusted for seasonal differences and projected out for the year, came in at 13.1 million. That’s higher than last year, but still far below recent boom years when car sales hit 16 million a year.

    The March 11 earthquake in Japan had little impact on sales, although automakers said supplies of some cars could be tighter as spring progresses.

    41 Caribbean ship testing new anti-piracy system

    By BEN FOX, Associated Press

    Fri Apr 1, 6:10 pm ET

    SAN JUAN, Puerto Rico – There are cameras that capture images clear enough to distinguish between a fishing vessel and a boatload of pirates 10 miles away. There are cascades of water and noxious compounds to repel invaders. And there are shields to withstand a rocket-propelled grenade.

    A container ship that steamed into a Puerto Rican port Friday was old by commercial shipping standards but it had the latest in security measures, upgrades that convert it into a floating fortress designed to be impregnable to piracy.

    The 720-foot Horizon Producer was temporarily outfitted as a training exercise for the crew, a demonstration for officials from Panama and Belize – both with major global shipping registries – and as an informercial for journalists. It also offers a window into the shipping industry’s debate about what measures to take amid a surge in pirate attacks.

    42 Nasdaq joins in global merger fray in bid for NYSE

    By PALLAVI GOGOI, AP Business Writer

    Fri Apr 1, 5:47 pm ET

    NEW YORK – Instead of fighting the NYSE, Nasdaq wants to own it.

    Nasdaq OMX Group Inc. and another U.S.-based market, the IntercontinentalExchange Inc., submitted a joint $11.3 billion bid Friday for NYSE Euronext, the parent company of the New York Stock Exchange. The offer, which was expected, raises the possibility of a bidding war for the NYSE with Deutsche Boerse. NYSE agreed to a $10 billion deal with the German exchange operator in February.

    The dueling bids for the NYSE show how intense the competition for trading in stocks, options and other investments has become. Though mergers between exchanges have little, if any, impact on small investors, they are a means for survival for these markets. Technology has driven down the cost of trading to almost nothing. Newer, smaller and more high-tech companies like the BATS Exchange and Direct Edge have emerged to give investors the opportunity to find the best price for a security in milliseconds. That has taken business away from institutions like the NYSE and Nasdaq.

    On This Day In History April 4

    This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

    Find the past “On This Day in History” here.

    April 4 is the 94th day of the year (95th in leap years) in the Gregorian calendar. There are 271 days remaining until the end of the year.

    On this day in 1949,the NATO pact signed

    The United States and 11 other nations establish the North Atlantic Treaty Organization (NATO), a mutual defense pact aimed at containing possible Soviet aggression against Western Europe. NATO stood as the main U.S.-led military alliance against the Soviet Union throughout the duration of the Cold War.

    Relations between the United States and the Soviet Union began to deteriorate rapidly in 1948. There were heated disagreements over the postwar status of Germany, with the Americans insisting on German recovery and eventual rearmament and the Soviets steadfastly opposing such actions. In June 1948, the Soviets blocked all ground travel to the American occupation zone in West Berlin, and only a massive U.S. airlift of food and other necessities sustained the population of the zone until the Soviets relented and lifted the blockade in May 1949. In January 1949, President Harry S. Truman warned in his State of the Union Address that the forces of democracy and communism were locked in a dangerous struggle, and he called for a defensive alliance of nations in the North Atlantic-U.S military in Korea.NATO was the result. In April 1949, representatives from Belgium, Canada, Denmark, France, Great Britain, Iceland, Italy, Luxembourg, the Netherlands, Norway, and Portugal joined the United States in signing the NATO agreement. The signatories agreed, “An armed attack against one or more of them… shall be considered an attack against them all.” President Truman welcomed the organization as “a shield against aggression.”

     1081 – Alexios I Komnenos is crowned Byzantine emperor at Constantinople, beginning the Komnenian dynasty.

    1147 – First historical record of Moscow.

    1581 – Francis Drake is knighted for completing a circumnavigation of the world.

    1660 – Declaration of Breda by King Charles II of England.

    1721 – Sir Robert Walpole enters office as the first Prime Minister of the United Kingdom under King George I.

    1812 – U.S. President James Madison enacted a ninety-day embargo on trade with the United Kingdom.

    1814 – Napoleon abdicates for the first time.

    1818 – The United States Congress adopts the flag of the United States with 13 red and white stripes and one star for each state (then 20).

    1841 – William Henry Harrison dies of pneumonia becoming the first President of the United States to die in office and the one with the shortest term served.

    1850 – The Great Fire of Cottenham, a large part of the Cambridgeshire village (England) is burnt to the ground under suspicious circumstances.

    1850 – Los Angeles, California is incorporated as a city.

    1859 – Bryant’s Minstrels debut “Dixie” in New York City in the finale of a blackface minstrel show.

    1865 – American Civil War: A day after Union forces capture Richmond, Virginia, U.S. President Abraham Lincoln visits the Confederate capital.

    1866 – Alexander II of Russia narrowly escapes an assassination attempt in the city of Kiev.

    1873 – The Kennel Club is founded, the oldest and first official registry of purebred dogs in the world.

    1887 – Argonia, Kansas elects Susanna M. Salter as the first female mayor in the United States.

    1905 – In India, the 1905 Kangra earthquake hits the Kangra valley, kills 20,000, and destroys most buildings in Kangra, Mcleodganj and Dharamshala

    1913 – The Greek aviator Emmanouil Argyropoulos becomes the first pilot victim of the Hellenic Air Force when his plane crashes.

    1930 – The Communist Party of Panama is founded.

    1939 – Faisal II becomes King of Iraq.

    1944 – World War II: First bombardment of Bucharest by Anglo-American forces kills 3000 civilians.

    1945 – World War II: American troops liberate Ohrdruf forced labor camp in Germany.

    1945 – World War II: Soviet Army takes control of Hungary.

    1949 – Twelve nations sign the North Atlantic Treaty creating the North Atlantic Treaty Organisation.

    1958 – The CND Peace Symbol displayed in public for the first time in London.

    1960 – Senegal independence day.

    1964 – The Beatles occupy the top five positions on the Billboard Hot 100 pop chart.

    1965 – The first model of the new Saab Viggen fighter aircraft plane is unveiled.

    1967 – Martin Luther King, Jr. delivers his “Beyond Vietnam: A Time to Break Silence” speech in New York City’s Riverside Church.

    1968 – Martin Luther King, Jr. is assassinated by James Earl Ray at a motel in Memphis, Tennessee.

    1968 – Apollo program: NASA launches Apollo 6.

    1968 – AEK Athens BC becomes the first Greek team to win the European Basketball Cup.

    1969 – Dr. Denton Cooley implants the first temporary artificial heart.

    1973 – The World Trade Center in New York is officially dedicated.

    1975 – Microsoft is founded as a partnership between Bill Gates and Paul Allen in Albuquerque, New Mexico

    1975 – Vietnam War: Operation Baby Lift – A United States Air Force C-5A Galaxy crashes near Saigon, South Vietnam shortly after takeoff, transporting orphans – 172 die.

    1976 – Prince Norodom Sihanouk resigns as leader of Cambodia and is placed under house arrest.

    1979 – President Zulfikar Ali Bhutto of Pakistan is executed.

    1979 – The 2nd Congress of the Communist Youth of Greece starts.

    1983 – Space Shuttle Challenger makes its maiden voyage into space (STS-6).

    1984 – President Ronald Reagan calls for an international ban on chemical weapons.

    1988 – Governor Evan Mecham of Arizona is convicted in his impeachment trial and removed from office.

    1991 – Senator John Heinz of Pennsylvania and six others are killed when a helicopter collides with their plane over an elementary school in Merion, Pennsylvania.

    1994 – Marc Andreessen and Jim Clark found Netscape Communications Corporation under the name “Mosaic Communications Corporation”.

    1996 – Comet Hyakutake is imaged by the USA Asteroid Orbiter Near Earth Asteroid Rendezvous.

    2002 – The Angolan government and UNITA rebels sign a peace treaty ending the Angolan Civil War.

    2007 – 15 British Royal Navy personnel held in Iran are released by the Iranian President.

    2008 – In a raid on the FLDS’s YFZ Ranch in Texas, 401 children and 133 women are taken into state custody.

    Holidays and observances

       * Children’s Day (Taiwan and Hong Kong)

       * Christian Feast Day:

             o Isidore of Seville

             o Tigernach of Clones

             o April 4 (Eastern Orthodox liturgics)

       * International Day for Landmine Awareness and Assistance (International)

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