On This Day in History: November 9

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

November 9 is the 313th day of the year (314th in leap years) in the Gregorian calendar. There are 52 days remaining until the end of the year.

On this day in 1872, fire rips through Boston.

The Great Boston Fire was Boston’s largest urban fire and still one of the most costly fire-related property losses in American history. The conflagration began at 7:20 p.m. on November 9, 1872, in the basement of a commercial warehouse at 83-87 Summer Street in Boston, Massachusetts. The fire was finally contained twelve hours later, after it had consumed about 65 acres of Boston’s downtown, 776 buildings, and much of the financial district and caused $73.5 million in damage. At least twenty people are known to have died in the fire.

In the aftermath, the city established an entirely new system of firefighting and prevention. The fire also led to the creation of Boston’s financial district.

The fire began in the basement of a warehouse at the corner of Kingston and Summer streets. At the time, this area of the city contained a mix of residences and light industry. Its buildings and most area roofs were made mainly of wood, allowing the blaze to spread quickly as the wind blew red hot embers from rooftop to rooftop. In addition, as Boston streets were narrow, large flames from one structure could literally leap across them to nearby buildings.

Firefighting units from Maine to New Haven, Connecticut, arrived to help, but efforts to fight the fire were plagued by difficulties. There was not enough water on hand to get the fire under control; the hydrant system did not work well because much of the equipment was not standardized; and even when firefighters got their hands on an adequate supply of water, the height of the buildings and the narrowness of the streets made it difficult to direct the water at the blaze from the optimum angle. Because a local equine epidemic had struck the city fire department’s horses, it was difficult to get the fire engines to the correct locations at the right times. In addition, some of the efforts were counter-productive. Explosions were used to attempt fire breaks, but this high-risk strategy was not executed with enough precision and served only to further spread the fire.

The fire was finally stopped at the doors of Fanueil Hall the following morning, but it had already destroyed much of the downtown area. Boston’s officials realized that their fire-prevention efforts had been ineffective and, in the aftermath of the disaster, began to revise and strengthen all of the city’s fire laws and regulations. An inspection system was instituted and the local fire departments began to coordinate their efforts.

 694 – Egica, a king of the Visigoths of Hispania, accuses Jews of aiding Muslims, sentencing all Jews to slavery.

1282 – Pope Martin IV excommunicates King Peter III of Aragon.

1313 – Louis the Bavarian defeats his cousin Frederick I of Austria at the Battle of Gamelsdorf.

1330 – Battle of Posada, Wallachian Voievode Basarab I defeats the Hungarian army in an ambush

1456 – Ulrich II of Celje (Slovene: Ulrik Celjski, German Ulrich von Cilli, Hungarian: Cillei Ulrik), last prince of Celje principality, was assassinated in Belgrade.

1492 – Peace of Etaples between Henry VII and Charles VIII.

1494 – The Family de’ Medici were expelled from Florence.

1520 – More than 50 people are sentenced and executed in the Stockholm Bloodbath

1620 – Pilgrims aboard the Mayflower sight land at Cape Cod, Massachusetts.

1688 – The Glorious Revolution: William of Orange captures Exeter.

1697 – Pope Innocent XII founds the city of Cervia.

1720 – The synagogue of Yehudah he-Hasid is burned down by Arab creditors, leading to the expulsion of the Ashkenazim from Jerusalem.

1729 – Spain, France and Great Britain sign the Treaty of Seville.

1764 – Mary Campbell, a captive of the Lenape during the French and Indian War, is turned over to forces commanded by Colonel Henry Bouquet.

1791 – Foundation of the Dublin Society of United Irishmen.

1793 – William Carey reaches the Hooghly River.

1799 – Napoleon Bonaparte leads the Coup d’etat of 18 Brumaire ending the Directory government, and becoming one of its three Consuls (Consulate Government).

1848 – Robert Blum, a German revolutionary, is executed in Vienna.

1851 – Kentucky marshals abduct abolitionist minister Calvin Fairbank from Jeffersonville, Indiana, and take him to Kentucky to stand trial for helping a slave escape.

1857 – The Atlantic founded in Boston.

1861 – The first documented football match in Canada is played at University College, University of Toronto.

1862 – American Civil War: Union General Ambrose Burnside assumes command of the Army of the Potomac, after George B. McClellan is removed.

1867 – Tokugawa Shogunate hands power back to the Emperor of Japan, starting the Meiji Restoration.

1872 – The Great Boston Fire of 1872.

1887 – The United States receives rights to Pearl Harbor, Hawaii.

1888 – Jack the Ripper kills Mary Jane Kelly, his last known victim.

1906 – Theodore Roosevelt is the first sitting President of the United States to make an official trip outside the country. He did so to inspect progress on the Panama Canal.

1907 – The Cullinan Diamond is presented to King Edward VII on his birthday.

1913 – The Great Lakes Storm of 1913, the most destructive natural disaster ever to hit the lakes, destroys 19 ships and kills more than 250 people.

1914 – SMS Emden sunk by HMAS Sydney in the Battle of Cocos.

1917 – Joseph Stalin enters the provisional government of Bolshevik Russia.

1918 – Kaiser Wilhelm II of Germany abdicates after the German Revolution, and Germany is proclaimed a Republic.

1921 – Albert Einstein is awarded the Nobel Prize in Physics for his work with the photoelectric effect.

1923 – In Munich, Germany, police and government troops crush the Beer Hall Putsch in Bavaria. The failed coup is the work of the Nazis.

1932 – Riots between conservative and socialist supporters in Switzerland kill 12 and injure 60.

1935 – The Congress of Industrial Organizations is founded in Atlantic City, New Jersey by eight trade unions belonging to the American Federation of Labor.

1937 – Japanese troops take control of Shanghai, China.

1938 – Nazi German diplomat Ernst vom Rath dies from the fatal gunshot wounds of Jewish resistance fighter Herschel Grynszpan, an act which the Nazis used as an excuse to instigate the 1938 national pogrom, also known as Kristallnacht.

1940 – Warsaw is awarded the Virtuti Militari.

1945 – Soo Bahk Do Moo Duk Kwan is founded.

1947 – Junagadh is annexed as to Indian military intervention.

1953 – Cambodia becomes independent from France.

1960 – Robert McNamara is named president of Ford Motor Co., the first non-Ford to serve in that post. A month later, he quit to join the newly-elected John F. Kennedy administration.

1963 – At Miike coal mine, Miike, Japan, an explosion kills 458, and hospitalises 839 with carbon monoxide poisoning. Also, in Japan, a three-train disaster occurs in Yokohama, kills more than 160 people.

1965 – Several U.S. states and parts of Canada are hit by a series of blackouts lasting up to 13 hours in the Northeast Blackout of 1965.

1965 – Catholic Worker member Roger Allen LaPorte, protesting against the Vietnam War, sets himself on fire in front of the United Nations building.

1967 – Apollo program: NASA launches the unmanned Apollo 4 test spacecraft atop the first Saturn V rocket from Cape Kennedy, Florida.

1967 – First issue of Rolling Stone Magazine is published.

1970 – Vietnam War: The Supreme Court of the United States votes 6 to 3 against hearing a case to allow Massachusetts to enforce its law granting residents the right to refuse military service in an undeclared war.

1979 – Nuclear false alarm: the NORAD computers and the Alternate National Military Command Center in Fort Ritchie, Maryland detected purported massive Soviet nuclear strike. After reviewing the raw data from satellites and checking the early warning radars, the alert is cancelled.

1985 – Garry Kasparov, 22, of the Soviet Union becomes the youngest World Chess Champion by beating Anatoly Karpov, also of the Soviet Union.

1989 – Cold War: Fall of the Berlin Wall. Communist-controlled East Germany opens checkpoints in the Berlin Wall allowing its citizens to travel to West Germany. This key event led to the eventual reunification of East and West Germany.

1990 – New democratic constitution is issued in Nepal.

1990 – Mary Robinson is elected Ireland’s first female President and the first from the Labour Party.

1993 – Stari most, the “old bridge” in Bosnian Mostar built in 1566, collapses after several days of bombing.

1994 – The chemical element Darmstadtium is discovered.

1998 – Brokerage houses are ordered to pay 1.03 billion USD to cheated NASDAQ investors to compensate for their price-fixing. This is the largest civil settlement in United States history.

1998 – Capital punishment in the United Kingdom, already abolished for murder, is completely abolished for all remaining capital offences.

2005 – The Venus Express mission of the European Space Agency is launched from the Baikonur Cosmodrome in Kazakhstan.

2005 – Suicide bombers attacked three hotels in Amman, Jordan, killing at least 60 people.

2007 – The German Bundestag passes the controversial data retention bill mandating storage of citizens’ telecommunications traffic data for six months without probable cause.

Morning Shinbun Tuesday November 9




Tuesday’s Headlines:

The five most dangerous countries for journalists

USA

Tax Cut Timing Is Proving Problematic for Democrats

Some judges chastise banks over foreclosure paperwork

Europe

Stockholm to investigate US embassy surveillance

Berlin excavation uncovers trove of sculptures confiscated by Nazis

Middle East

Hariri’s moment of truth nears

Israel permits new settlement homes

Asia

After 40,000 years, recognition for Aboriginal people beckons

Refugees flee Burma after poll violence

Africa

Deaths in Western Sahara camp raid

Opposition closes ranks in Côte d’Ivoire run-off vote

Latin America

Haiti tests for cholera in Port-au-Prince

More Americans opt for high-deductible health insurance plans

Rising costs lead to a nearly threefold increase in the number of workers covered by the policies since 2006. Health experts worry about consumers who forgo preventive care.

By Duke Helfand, Los Angeles Times

November 9, 2010


Looking to save money in a weak economy, Americans increasingly are turning to health insurance plans with low premiums and high deductibles – prompting doctors and health experts to worry that consumers may be skipping routine care that could head off serious ailments.

Nationally, the number of workers with individual deductibles of at least $1,000 has nearly tripled over the last four years, reaching about 20 million, according to a recent survey of employers.

Some have pushed their deductibles as high as $10,000, and, to keep medical bills low, are forgoing colonoscopies, blood tests and other preventive procedures.

The five most dangerous countries for journalists

The brutal beating of Russian journalist Oleg Kashin outside his apartment building Nov. 6 draws renewed attention to the dangers that reporters face in many countries – including death, violence, imprisonment, exile, and threats to their families.

Ariel Zirulnick, Correspondent  

5. Mexico

Mexico is becoming one of the most dangerous places for journalists to work because of the ongoing drug war between the Mexican authorities and drug traffickers. Some 22 journalists have been killed and dozens have disappeared, been kidnapped, or exiled since President Felipe Calderon took office in 2006 and declared war on the traffickers, according to a September 2010 report by the Committee to Protect Journalists.

USA

Tax Cut Timing Is Proving Problematic for Democrats

POLITICAL MEMO

By JACKIE CALMES

Published: November 8, 2010


WASHINGTON – When one party controls the White House and Congress, it controls the calendar for what gets done and when. So how is it that Democrats ended up in such a fix over what to do about the expiring Bush-era tax cuts?

That is what many Democrats are asking.

By dint of calculation and miscalculation, after mixed messages and missed signals, President Obama and Congressional Democratic leaders delayed debate until before the midterm elections. They dared Republicans to fight for extending the tax cuts for the rich and, in so doing, “hold hostage” those for the middle class. But it was Democrats who blinked as their ranks splintered in the heat of a worsening electoral climate, and they delayed any vote until after the elections.

Some judges chastise banks over foreclosure paperwork



By Ariana Eunjung Cha

Washington Post Staff Writer  


EAST PATCHOGUE, N.Y. – A year ago, Long Island Judge Jeffrey Spinner concluded that a mortgage company’s paperwork in a foreclosure case was so flawed and its behavior in negotiations with the borrower so “repugnant” that he erased the family’s $292,500 debt and gave the house back for free.

The judgment in favor of the homeowner, Diane Yano-Horoski, which is being appealed, has alarmed the nation’s biggest lenders, who say it could establish a dramatic new legal precedent and roil the nation’s foreclosure system.

Europe

Stockholm to investigate US embassy surveillance

Swedish prosecutor to look into alleged surveillance by embassy without Sweden’s knowledge

Associated Press

The Guardian, Tuesday 9 November 2010


A Swedish prosecutor is to investigate surveillance allegedly carried out by the US embassy in Stockholm without Sweden’s knowledge.

Prosecutor Tomas Lindstrand said he would determine whether intelligence laws were violated by the US actions, including what officials described as photographing and gathering information about individuals in Sweden.

Swedish officials have said they knew the US embassy applied security measures in its immediate neighbourhood, but not that Swedish citizens were monitored. The embassy has denied the activities were secret.

Berlin excavation uncovers trove of sculptures confiscated by Nazis

The Irish Times – Tuesday, November 9, 2010  

DEREK SCALLY in Berlin

ELEVEN SCULPTURES branded “degenerate” and confiscated by the Nazis were unveiled in Berlin yesterday, seven decades after they were presumed lost in the second World War.

The sculptures, by artists such as Edwin Scharff and Karl Knappe, were unearthed in front of Berlin town hall during excavation work for an underground train line. After undergoing extensive cleaning, the works will go on display in Berlin’s Neues Museum this morning.

“Archaeology, as you can see, is always good for a surprise or two,” said Dr Hermann Parzinger, president of the Prussian Culture Foundation, which manages Berlin’s cultural institutions.

Middle East

Hariri’s moment of truth nears



By Sami Moubayed

DAMASCUS – The situation in Lebanon is on the verge of a major explosion as a political tug-of-war continues between the March 14 coalition headed by Prime Minister Saad al-Hariri and the opposition, headed by Hezbollah, over the Special Tribunal for Lebanon (STL).

Both sides are struggling either to maintain – or cancel – the tribunal into the 2005 murder of former prime minister Rafik al-Hariri. Two weeks ago, Hezbollah was able to stop Lebanon’s state financing of the United Nations-backed court in parliament, claiming it had become politicized and was being used to target the arms, future and reputation of the Lebanese resistance.

his was a natural outcome to a massive public relations campaign carried out by Hezbollah in an attempt to expose the STL as “an Israeli project”. The court indictments, due anytime between late 2010 and early 2011, are expected to include senior members of Hezbollah.

Israel permits new settlement homes  

Interior ministry gives go-ahead for construction of more than a thousand new settler homes in occupied East Jerusalem.  

Last Modified: 09 Nov 2010    

Israel has given the go-ahead for the construction of more than one thousand new settler homes in occupied East Jerusalem.

The Jerusalem District Planning and Building Committee on Monday published details of a programme that allows 978 housing units to be built in Har Homa, an illegal Jewish settlement south of the city centre.

An additional 320 units are planned for Ramot, which also lies beyond the Green Line that virtually separates the eastern and western part of Jerusalem.

The move was announced as Benyamin Netanyahu, the Israeli prime minister, visits the United States, where he met with Joe Biden, the US vice president, to discuss the peace process..

Asia

After 40,000 years, recognition for Aboriginal people beckons



By Kathy Marks in Sydney Tuesday, 9 November 2010

About 40,000 years after Aboriginal people settled in Australia, a referendum is to be held on whether to amend the constitution to recognise them as the country’s original inhabitants. The move, announced by Prime Minister Julia Gillard, follows her predecessor Kevin Rudd’s apology to the “Stolen Generations” of Aboriginal children forcibly removed from their families. It comes nearly 223 years after the First Fleet arrived in Sydney, heralding the colonisation of Australia by European settlers.

Refugees flee Burma after poll violence  

The Irish Times – Tuesday, November 9, 2010  

CLIFFORD COONAN in Beijing    

THOUSANDS OF refugees from Burma have fled into Thailand after fighting between ethnic rebels and Burmese government forces at the border following Sunday’s election.

The poll has been widely dismissed as a sham to boost the ruling military junta. Rights groups and commentators had widely predicted that the elections would increase conflict and instability in Burma, and on Sunday, rebels from the Karen ethnic group seized a police station and a post office in the border town of Myawaddy. At least 10 people were wounded on each side of the frontier in the fighting.

Africa

Deaths in Western Sahara camp raid  



Raid by Moroccan forces on a Western Sahara protest camp leaves four dead and scores injured, on the eve of peace talks.


Aljazeera

At least four people have been killed and 70 injured in a raid by Moroccan forces on a protest camp in the disputed region of Western Sahara, sources on both rival sides have said.

The Gdaim Izik camp, which houses 12,000 Saharawi refugess, had sprung up outside Laayoune, the main town in Western Sahara, four weeks ago, in protest against the deterioration of living conditions in the area.

The violence, which later spread to the streets of Laayoune itself,  comes on the eve of talks between Morocco and the Polisario Front movement, which seeks independence for the Western Sahara, in the US aimed at ending the conflict over the region.

Protestors, including women and children, said security forces attempting to shut down the camp used tear gas and beat them with batons.

Opposition closes ranks in Côte d’Ivoire run-off vote



ABIDJAN, CôTE D’IVOIRE

Opposition leaders in Côte d’Ivoire closed ranks on Sunday behind the remaining challenger to President Laurent Gbagbo in the presidential race, after efforts to force a recount of the first round failed.

Former president Henri Konan Bedie, who came third in the first round and was thus eliminated from the run-off, on Sunday called on his supporters to vote for former prime minister Alassane Ouattara in the second-round vote.

In a surprise move late on Saturday, the Constitutional Council had announced definitive results from the first round of polling on October 31 that placed Gbagbo ahead.

Latin America

Haiti tests for cholera in Port-au-Prince

At least 120 people in Haiti’s capital, Port-au-Prince, are being tested for cholera, health officials say.



Doctors have told the BBC the disease is “clinically” present in the city, but there is no official confirmation.

The health ministry says 544 people have died in Haiti’s latest cholera outbreak. About 8,000 are being treated in hospitals.

There have been fears cholera would reach the crowded capital since the outbreak began to the north in October.

The water-borne disease has already spread to half of Haiti’s 10 regions, and the number of those killed has risen by more than 100 in less than one week.

Authorities feared the outbreak could worsen after Hurricane Tomas brought heavy rains last week which triggered mudslidesand flooding.

Ignoring Asia A Blog

Prime Time

A good night to nap.  Broadcast premiers.  Keith due back tomorrow.  Greenwald on O’Donnell (maybe).

Damn it Valentine, you never plan ahead, you never take the long view, I mean here it is Monday and I’m already thinking of Wednesday… It is Monday right?

You see? When the left tire mark goes up on the curb and the right tire mark stays flat and even? Well, the ’64 Skylark had a solid rear axle, so when the left tire would go up on the curb, the right tire would tilt out and ride along its edge. But that didn’t happen here. The tire mark stayed flat and even. This car had an independent rear suspension. Now, in the ’60’s, there were only two other cars made in America that had positraction, and independent rear suspension, and enough power to make these marks. One was the Corvette, which could never be confused with the Buick Skylark. The other had the same body length, height, width, weight, wheel base, and wheel track as the ’64 Skylark, and that was the 1963 Pontiac Tempest.

We have to keep out faith in the Republic. The day we stop believing democracy can work is the day we lose it.

Later-

Dave hosts Harrison Ford and Cee Lo Green.  Jon has Rick Perry, Stephen Reza Aslan.  Double Alton, Squash and Sweet Potatos.

Series Premier of Conan on TBS.  He hosts Seth Rogan and Jack White.

BoondocksThank You for Not Snitching

Elaine, you’re a member of this crew. Can you face some unpleasant facts?

No.

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Violence breaks out in Myanmar after election

AFP

Mon Nov 8, 12:00 pm ET

YANGON (AFP) – Deadly clashes erupted on Monday between Myanmar government troops and ethnic minority rebels, prompting an exodus across the border in the wake of an election that the junta’s proxies looked sure to win.

At least three civilians were killed when heavy weapons fire hit the town of Myawaddy in Karen State, an official in the military-ruled country said. There was no information on any troop casualties on either side.

Clashes were also reported further south near Myanmar’s Three Pagodas Pass.

2 Myanmar counts votes in poll marred by fraud fears

Sun Nov 7, 6:38 pm ET

YANGON (AFP) – Myanmar counted ballots Monday in its first vote in 20 years as Western governments lashed out at the military-ruled nation for orchestrating an election that junta-backed parties look set to easily win.

With democracy icon Aung San Suu Kyi still locked up and two pro-junta parties fielding about two-thirds of the total candidates, world leaders rejected the legitimacy of the poll in a broadside of statements.

Nobel Peace Prize winner Suu Kyi swept her party to power in 1990 but the result was never recognised by the ruling generals. She has been detained for most of the last 20 years and supported a boycott of Sunday’s election.

3 Thousands flee Myanmar clashes after election

AFP

Mon Nov 8, 7:18 am ET

YANGON (AFP) – Deadly clashes erupted on Monday between Myanmar government troops and ethnic minority rebels, prompting an exodus across the border as the junta’s proxies prepared to claim victory in a widely criticised election.

At least three civilians were killed when heavy weapons fire hit the town of Myawaddy in Karen State, an official in the military-ruled country said. There was no information on any troop casualties on either side.

About 10,000 people fled across the frontier to neighbouring Thailand, including many women and children, said Samart Loyfah, the governor of Thailand’s Tak province on the border.

4 German police, activists gear up for nuclear showdown

by Frederic Happe, AFP

33 mins ago

DANNENBERG, Germany (AFP) – German police and protesters geared up Monday for the final journey of a shipment of 123 tonnes of nuclear waste that drew a wave of angry protests during its much-delayed trip from France.

Around 1,500 demonstrators, including farmers with tractors, blocked roads as authorities loaded the cargo on lorries for the 20-kilometre (12-mile) trip to a storage facility in Gorleben, northern Germany.

By evening, seven of the 11 containers had been transferred from the train. Authorities said they hoped to have the operation completed by around midnight (2300 GMT).

5 German police remove nuclear waste train protesters

AFP

Mon Nov 8, 3:51 am ET

DANNENBERG, Germany (AFP) – German police said Monday they had dispersed activists who were blocking a train carrying nuclear waste from France to a storage facility in Germany.

The operation to remove protestors blocking the rail line leading to the nuclear storage facility lasted throughout the night, police said.

“The evacuation is completed, there is nobody left on the tracks,” a police spokeswoman told AFP.

6 Sniffer ‘hero rats’ saving lives in minefields and labs

by Otto Bakano, AFP

Mon Nov 8, 12:24 pm ET

MOROGORO, Tanzania (AFP) – A baby rat in a tiny red and black harness twitches its pointed nose incessantly, probing a grassy field where it is being trained by a pioneering Belgian NGO to smell out deadly landmines.

Other rats trained under the same scheme have already helped clear large swathes of land in neighbouring mine-infested Mozambique.

Babette, the two-month-old baby, walks unsteadily across the weedy patch followed by two trainers rolling a bar that teaches her to go back and forth across the patch in straight lines.

7 Obama backs India’s drive for UN power

by Stephen Collinson, AFP

1 hr 50 mins ago

NEW DELHI (AFP) – US President Barack Obama Monday backed India’s quest for a permanent UN Security Council seat, inviting the world’s largest democracy to take its “rightful” place at the summit of global power.

In a symbolic climax of his three-day visit to a nation he hailed as an “indispensable” US partner, Obama delivered the foreign policy victory to Prime Minister Manmohan Singh in a landmark address to the Indian parliament.

But at the same time he warned that with growing power came increased responsibility, as he pointedly criticised India for failing to condemn human rights abuses in neighbouring Myanmar.

8 Guinea votes in historic presidential run-off

by Laurence Boutreux, AFP

Sun Nov 7, 5:51 pm ET

CONAKRY (AFP) – Coup-weary Guineans voted Sunday for the country’s first freely elected leader in a run-off presidential poll which ran peacefully despite a campaign marred by ethnic violence between rival camps.

Polling stations closed as expected at 1800 GMT, with no serious incident reported throughout the day as voters took part in the mineral-rich country’s first democratic election since independence from France in 1958.

“There was a strong mobilisation in all regions, popular interest and extraordinary discipline,” said Aziz Diop, executive secretary of the National Council of Guinean Civil Society Organisations. It had 964 observers spread across the country.

9 Vettel wins Brazilian Grand Prix, Abu Dhabi to decide title

by Gordon Howard, AFP

Sun Nov 7, 1:50 pm ET

SAO PAULO (AFP) – German Sebastian Vettel kept alive his challenge for the Formula One drivers’ world championship on Sunday when he led his Red Bull team-mate and title rival Australian Mark Webber home in the Brazilian Grand Prix.

Their one-two triumph confirmed the Red Bull team as the 2010 constructors’ champions, but left the drivers’ title race wide open with both drivers still fighting to take the crown from leading Ferrari driver two-times champion Spaniard Fernando Alonso.

Alonso finished a steady third for Ferrari ahead of the 2008 champion Briton Lewis Hamilton, who was fourth ahead of last year’s champion and McLaren team-mate Jenson Button.

10 Pope calls cardinals to Rome for abuse talks

by Dario Thuburn, AFP

Mon Nov 8, 12:05 pm ET

VATICAN CITY (AFP) – Pope Benedict XVI has invited all the cardinals of the Roman Catholic Church for unprecedented talks next week on cases of sexual abuse by clergy — a move greeted with scepticism by activists.

“The pope has invited the members of the college of cardinals… to a day of reflection and prayer,” the Vatican said in a statement on Monday.

“The Church’s response to sexual abuse cases” will be one of the themes of the meeting in the Vatican, formally known as a consistory, it added.

11 Iraq leaders fail to resolve political deadlock

by Abdul Hamid Zebari, AFP

Mon Nov 8, 10:42 am ET

ARBIL, Iraq (AFP) – Iraq’s political rivals met to discuss a proposed new power-sharing accord on Monday but ended a first day of talks without a deal as the Sunni, Shiite and Kurdish blocs stuck to their demands.

While the leaders said talks would continue in Baghdad on Tuesday and Wednesday, twin bombings in the Shiite holy cities of Karbala and Najaf killed at least 18 people and wounded 58, mostly Iranian pilgrims.

The meeting in the northern city of Arbil attended by Prime Minister Nuri al-Maliki and his chief rival, former premier Iyad Allawi, followed an agreement on Saturday between the main Shiite bloc and a Kurdish coalition.

12 Iraqi rivals in bid to end political deadlock

by Abdul Hamid Zebari, AFP

Mon Nov 8, 6:44 am ET

ARBIL, Iraq (AFP) – Iraq’s political rivals are meeting in Arbil following a power-sharing deal in which the Shiite Nuri al-Maliki remains premier but which sees the main Sunni-backed bloc being squeezed into foregoing its demands for the presidency.

The meeting in the northern city, attended by Maliki and his rival-in-chief former premier Iyad Allawi, follows an agreement on Saturday between the main Shiite bloc and a Kurdish coalition.

Support of Allawi’s Iraqiya party, the other main player in a saga that has dragged on since inconclusive elections in March, hinges on whether it insists on the presidency or accepts the post of parliament speaker on offer.

13 Pakistan investigate missing wicket-keeper Haider

by Shahid Hashmi, AFP

Mon Nov 8, 9:15 am ET

DUBAI (AFP) – Pakistan cricket authorities said they will investigate the case of wicket-keeper Zulqarnain Haider, who left the team’s hotel in Dubai and did not come to the ground for Monday’s One-Day International against South Africa.

“On Monday morning Haider left the team hotel without informing any member of the team and the management. Haider was in possession of his passport and there are indications that he has left for London,” a Pakistan Cricket Board (PCB) release said.

PCB release said they had informed the Dubai Police about Haider’s disappearance.

14 Qantas extends A380 groundings over oil leaks

by Talek Harris, AFP

Mon Nov 8, 8:14 am ET

SYDNEY (AFP) – Qantas extended the grounding of its Airbus A380 superjumbos for at least three more days on Monday after finding oil leaks in some engines, heightening safety fears after two mid-air blow-outs last week.

However Singapore Airlines said Monday its inspections of its 11 A380 superjumbos had found no problems with their Rolls-Royce Trent 900 engines, as it continues flying the planes.

In Sydney, Qantas chief executive Alan Joyce said rigorous testing had uncovered the anomalies on the Rolls-Royce engines on three separate aircraft, pushing back the return to action of the long-haul planes by 72 hours.

15 World Bank chief calls for gold to anchor forex

AFP

Mon Nov 8, 6:01 am ET

SINGAPORE (AFP) – World Bank president Robert Zoellick has called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.

Ahead of a Group of 20 summit this week in Seoul, Zoellick said an updated gold standard could help retool the world economy at a time of serious tensions over currencies and US monetary policy.

He said the world needed a new regime to succeed the “Bretton Woods II” system of floating currencies, which has been in place since the fixed-rate currency system linked to gold broke down in 1971.

16 Myanmar army-backed parties set to sweep rare poll

By Aung Hla Tun, Reuters

Mon Nov 8, 12:56 pm ET

YANGON (Reuters) – The military will keep its grip on power after Myanmar’s first election in 20 years, backed by parties that on Monday looked set to win a vote marred by fraud and denounced by President Barack Obama as stolen.

Europe and Japan also condemned the conduct of the poll.

Complex rules for Sunday’s election thwarted any chance of a pro-democracy upset as Myanmar ends half a century of direct army rule. State TV said voters “freely and happily” cast ballots, but witness accounts suggested low turn-out and irregularities in the former British colony also known as Burma.

17 BP, firms did not cut safety over money: panel

By Ayesha Rascoe, Reuters

19 mins ago

WASHINGTON (Reuters) – The White House oil spill commission said on Monday it found no evidence to support accusations that the largest offshore oil spill in U.S. history happened because BP Plc and its partners cut corners to save money.

“To date we have not seen a single instance where a human being made a conscious decision to favor dollars over safety,” the commission’s Chief Counsel Fred Bartlit said at a meeting exploring the causes of the Gulf of Mexico spill.

Bartlit said the panel agreed with about 90 percent of the findings of BP’s internal investigation of the accident released this summer. BP’s report assigned much of the blame for the accident to its drilling partners.

Bullshit.

18 Rolls says progress made in Qantas A380 engine probe

By Rhys Jones and Michael Smith, Reuters

Mon Nov 8, 1:35 pm ET

LONDON/SYDNEY (Reuters) – Rolls-Royce Group Plc moved to contain a crisis of confidence in the safety of its engines on Monday, saying progress was being made in finding out what caused last week’s blowout on a Qantas Airbus A380 flight.

Shares in Rolls reversed losses and rose 3 percent as the group eased fears that the failure of one of the four Trent 900 engines powering the Qantas superjumbo signaled a possible wider problem in its family of Trent engines.

“Rolls-Royce has made progress in understanding the cause of the engine failure on the Trent 900-powered A380 Qantas flight QF32 on 4 November,” the company said in a statement, ruling out any link to a Trent 1000 engine test explosion in August.

19 Obama backs India’s quest for U.N. permanent seat

By Patricia Zengerle and Alistair Scrutton, Reuters

Mon Nov 8, 9:06 am ET

NEW DELHI (Reuters) – U.S. President Barack Obama endorsed on Monday India’s long-held demand for a permanent seat on the U.N. Security Council, a reflection of the Asian country’s growing global weight and its challenge to rival China.

India says a seat on the council would reflect the importance of the G20 nation as its trillion dollar economy helps spur global growth and its government exerts more and more influence over issues from Doha trade to climate change talks.

“In the years ahead, I look forward to a reformed United Nations Security Council that includes India as a permanent member,” Obama said in a speech to India’s parliament on his first official visit to the world’s largest democracy.

20 Obama returns fire after China slams Fed’s move

By Patricia Zengerle and Krittivas Mukherjee, Reuters

Mon Nov 8, 8:59 am ET

NEW DELHI (Reuters) – President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week’s Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent a currency row escalating into a rush to protectionism that could imperil the global recovery.

But there is little sign of consensus.

21 Papandreou rules out early Greek election

By Ingrid Melander and Harry Papachristou, Reuters

Sun Nov 7, 7:38 pm ET

ATHENS (Reuters) – Greek Prime Minister George Papandreou ruled out calling a snap parliamentary election on Sunday after winning enough support in local polls to decide he could press ahead with a radical austerity programme.

The threat of an early election had unsettled markets and analysts said his decision had removed short-term uncertainties.

Initial official estimates put Papandreou’s socialist party (PASOK) ahead in seven out of 13 regions, with the center-right New Democracy ahead in the rest, although some races we’re very close and almost all were set to go to a run-off next Sunday.

22 Car bombs kill 15, including Iranians, in Iraq

By Aseel Kami, Reuters

2 hrs 42 mins ago

BAGHDAD (Reuters) – Three car bombs killed at least 15 people in Iraq on Monday, including two attacks targeting Iranian pilgrims, as political leaders met to try to break an eight-month deadlock over a new government.

Two of the bombs targeted Iranian pilgrims in Iraq’s holy Shi’ite cities of Kerbala and Najaf, killing at least 10 people, while a third struck a bustling street of shops and restaurants in Iraq’s southern oil hub of Basra.

The deputy head of Basra’s provincial council, Ahmed al-Sulaiti, and an Iraqi army source both put the toll from the Basra explosion at five killed and 42 wounded. The Iraqi army source had initially said 12 people were dead.

23 U.S. QE2 decision not a good one: Eurogroup head

By Jan Strupczewski, Reuters

Mon Nov 8, 12:19 pm ET

BRUSSELS (Reuters) – The chairman of euro zone finance ministers Jean-Claude Juncker criticized on Monday the U.S. Federal Reserve’s bond purchase plans, noting they might not boost the U.S. economy but push capital into emerging economies.

“I don’t think it is a good decision,” Juncker told a European Parliament hearing.

Leaders of the world’s 20 biggest developed and developing economies, the G20, meet in Korea this week to discuss how to prevent a currency row escalating into a rush to protectionism that could imperil the global recovery. The Fed decision is likely to be discussed.

24 Geithner: Beijing supportive of G20 rebalancing effort

By David Lawder, Reuters

Mon Nov 8, 9:41 am ET

NEW DELHI (Reuters) – U.S. Treasury Secretary Timothy Geithner on Monday said China is supportive of the Group of 20’s framework for rebalancing the global economy, and he expects broad consensus on it at a leaders’ summit this week.

Geithner, speaking in the Indian capital during a state visit with President Barack Obama, earlier met with Indian Finance Minister Pranab Mukherjee in part to discuss the G20 agenda.

“I’m very confident that you’re going to see very strong consensus on this basic framework because it meets the basic tests and it’s better than the alternatives,” Geithner told an audience of Indian business leaders.

25 Myanmar clash a reminder of old, underlying tension

By Robert Birsel, Reuters

Mon Nov 8, 8:26 am ET

BANGKOK (Reuters) – A day after Myanmar held an election meant to usher in peace and stability, clashes erupted between minority rebels and government soldiers, a reminder of divisions that have long bedeviled the country.

Fighting broke out between ethnic minority Karen rebels and government troops in two locations along Myanmar’s eastern border with Thailand, in the town of Myawaddy and in another area about 200 km (124 miles) further south near the Three Pagodas Pass, as votes from Sunday’s election were being counted.

Five Thai villagers were wounded when four rocket-propelled grenades landed on Thai soil near the town of Mae Sot opposite Myawaddy, a Thai official said, as about 12,000 people fled the fighting in one of the main trade gateways along the 1,800-km (1,100-mile) border with Thailand.

26 Panel: Dollars did not trump safety in Gulf spill

By DINA CAPPIELLO and SETH BORENSTEIN, Associated Press

58 mins ago

WASHINGTON – The presidential commission investigating the BP Gulf oil spill challenged claims in Congress that the oil company and others sacrificed safety to cut costs. In preliminary findings issued Monday, the first from an independent panel, investigators supported many of BP’s own conclusions about what led to the disaster.

The panel’s chief investigator, Fred H. Bartlit Jr., announced 13 principal findings, many of which seemed to track with investigations of the blowout, including BP’s. Bartlit said he agreed with “about 90 percent” of the company’s own conclusions.

Under commission procedures, Bartlit presented the findings to the seven-member panel. A report is due with Obama in mid-January.

More Bullshit.

27 Obama boosts India for ‘rightful place in world’

By BEN FELLER, AP White House Correspondent

1 hr 53 mins ago

NEW DELHI – Deepening America’s stake in Asian power politics, President Barack Obama on Monday endorsed India’s bid to become a permanent member of the U.N. Security Council, hoping to elevate the nation of a billion people to “its rightful place in the world” alongside an assertive China.

Obama’s declaration, delivered to the pounding applause of India’s parliament members, spoke to a mission broader than the makeup of one global institution. By spending three packed days in India, announcing trade deals, dismissing job-outsourcing gripes and admonishing India’s rival Pakistan, Obama went all in for an ally whose support he hopes to bank on for years.

“I want every Indian citizen to know: The United States of America will not simply be cheering you on from the sidelines,” Obama said inside the soaring legislative chamber of the capital city. “We will be right there with you, shoulder to shoulder, because we believe in the promise of India.”

28 Bush is back, and eager to help history judge him

By CALVIN WOODWARD, Associated Press

1 hr 7 mins ago

WASHINGTON – George W. Bush knows that history will shape his legacy more than anything he can say. But that’s not gonna stop a guy from trying.

After two years of near silence, Bush is back.

With his new memoir, “Decision Points,” and a promotion tour, the president who in cockier times could not think of a single mistake he had made, lists many. He counts the years without a post-9/11 attack as his transcendent achievement. He says the economic calamity he handed off to Barack Obama was “one ugly way to end a presidency.”

29 Family health history a powerful, underused tool

By LAURAN NEERGAARD, AP Medical Writer

1 hr 52 mins ago

WASHINGTON – Make Grandma spill the beans: Uncovering all the diseases that lurk in your family tree can trump costly genetic testing in predicting what illnesses you and your children are likely to face.

It may sound old-fashioned, but a Cleveland Clinic study comparing which method best uncovered an increased risk of cancer helps confirm the value of what’s called a family health history.

All it costs is a little time questioning your relatives, yet good family health trees are rare. A government survey estimated less than a third of families have one – and time-crunched doctors seldom push their patients to remedy that.

30 NFL knows how to do drama

By BARRY WILNER, AP Pro Football Writer

50 mins ago

The NFL knows drama, on and off the field.

During a season played in the shadow of a potential labor stoppage – yes, folks, possibly no pro football in 2011 – the headlines have shifted from the sports sections to the gossip pages and even to the police blotters.

Placed in the spotlight as much for news away from the games as for what they could and would do playing were such big names as Ben Roethlisberger, Brett Favre, Randy Moss and Braylon Edwards.

31 Signs of political progress as Iraqi leaders meet

By YAHYA BARZANJI, Associated Press

Mon Nov 8, 2:13 pm ET

IRBIL, Iraq – Leaders of Iraq’s major political blocs met Monday for the first time since March elections in a new push to break an eight-month deadlock on forming a new government. Car bombs in three Shiite cities killed 21 people in a reminder that insurgents remain determined to destabilize the country.

The 90-minute meeting in the northern town of Irbil was the start of three days of negotiations that could signal the deeply divided political blocs are close to a power-sharing agreement in which Prime Minister Nouri al-Maliki would keep his job. However, officials said there are still major obstacles to overcome.

Political blocs that in the past settled their differences in the streets remain deeply suspicious of one another. Al-Maliki’s State of Law coalition won 89 seats compared with 91 for the Sunni-backed alliance headed by former Prime Minister Ayad Allawi in the March 7 election.

32 Qantas CEO: Oil leaks in 3 engines of its A380s

By KRISTEN GELINEAU and SLOBODAN LEKIC, Associated Press

37 mins ago

SYDNEY – The investigation of the engine failure that grounded Qantas’ fleet of superjumbo jets is making progress, manufacturer Rolls-Royce said Monday, while the airline announced that tests uncovered worrying oil leaks in the engines of three more Airbus 380s.

Australia’s national carrier said its fleet of six double-decker planes would stay grounded for another 72 hours.

Airbus and other airlines said they would take no action until the investigation is completed, and that it was premature to contemplate any change from the Rolls-Royce Trent 900 engines mounted on many of the A380s – the world’s largest passenger jet.

33 MSNBC says Olbermann will be back on air Tuesday

By DAVID BAUDER, AP Television Writer

Mon Nov 8, 6:30 am ET

NEW YORK – MSNBC says Keith Olbermann will be back on the air Tuesday, ending his suspension for violating NBC’s rules against making political donations after two shows.

MSNBC’s chief executive Phil Griffin said late Sunday that after several days of deliberation, he had determined that two days off the air was “an appropriate punishment for his violation of our policy.”

The left-leaning cable network’s most popular personality acknowledged donating $2,400 apiece to the campaigns of Kentucky Senate candidate Jack Conway and Arizona Reps. Raul Grijalva and Gabrielle Giffords. NBC News prohibits its employees from making political donations unless an exception is granted in advance by the network news president. In this case, Olbermann’s bosses didn’t know about them until being informed by a reporter.

34 Broadband usage growing even as gaps persist

By JOELLE TESSLER, AP Technology Writer

Mon Nov 8, 1:54 pm ET

WASHINGTON – The U.S. still faces a significant gap in residential broadband use that breaks down along incomes, education levels and other socio-economic factors, even as subscriptions among American households overall grew sevenfold from 2001 to 2009.

What’s more, even when controlling for key socio-economic characteristics, the U.S. continues to confront a racial gap in residential broadband use, with non-Hispanic white Americans and Asian-Americans more likely to go online using a high-speed connection than African-Americans and Hispanics.

Those are some of the key conclusions of a new analysis of Census data released Monday by the Commerce Department.

35 Murkowski on cusp of win; how will she legislate?

By BECKY BOHRER, Associated Press

Mon Nov 8, 6:30 am ET

ANCHORAGE, Alaska – Republican Sen. Lisa Murkowski is on the cusp of vindication after waging a high stakes – and long shot – write-in campaign to keep her job.

Initial returns show write-in ballots holding a 13,439-vote edge over GOP nominee Joe Miller, and though it’s not clear how many of those are for her or will be counted as valid, she’s confident enough in her winning to tell supporters that they’d “made history.” The write-in count starts Wednesday in Juneau.

Murkowski needed broad-based support – from fellow Republicans, Democrats, independents – to be successful in what was a three-way race (Democrat Scott McAdams has conceded). And while a win would return her to Washington, to the colleagues and party leaders who turned their backs on her after her humiliating primary loss to the Sarah Palin-backed Miller, it also raises questions about how she would legislate.

36 Gates, Obama urge repeal of military’s gay ban

By PHILIP ELLIOTT, Associated Press

Sun Nov 7, 10:22 pm ET

WASHINGTON – Defense Secretary Robert Gates is encouraging Congress to act before year’s end to repeal the ban on gays serving openly in the military. It’s a position shared by his boss, the president.

But his new Marine commandant thinks otherwise and the Senate has not yet taken action, setting up yet another hurdle for gay activists who see their window quickly closing. After Tuesday’s elections that saw Republicans chip away at Democrats’ majority in the Senate and wrest the House from their control, their hopes for ending the 17-year-old law have dimmed.

“I would like to see the repeal of ‘don’t ask, don’t tell,’ but I’m not sure what the prospects for that are and we’ll just have to see,” Gates told reporters traveling with him to Australia this weekend.

37 Lawyers say proving egg-related lawsuits difficult

By MICHAEL J. CRUMB, Associated Press

Mon Nov 8, 3:14 am ET

DES MOINES, Iowa – Thousands of people likely were sickened by salmonella-contaminated eggs from two Iowa companies last summer, but lawyers said far fewer have the proof needed for a successful lawsuit and most cases filed will be settled out of court.

So far, attorneys in Seattle, Houston, Chicago and Minneapolis have filed at least 10 cases related to recalls by Wright County Egg and Hillandale Farms of Iowa. The companies recalled 550 million eggs in August after a salmonella outbreak was traced to their farms.

The Centers for Disease Control and Prevention linked at least 1,600 illness to the eggs, and CDC spokeswoman Lola Russell said for every case reported there may be up to 30 more.

38 Republicans in charge take aim at health overhaul

By PHILIP ELLIOTT, Associated Press

Sun Nov 7, 10:21 pm ET

WASHINGTON – Resurgent Republicans rallied Sunday behind an agenda based on unwavering opposition to the Obama White House and federal spending, laying the groundwork for gridlock until their 2012 goal: a new president, a “better Senate” and ridding the country of that demonized health care law.

Republicans said they were willing to work with President Barack Obama but also signaled it would be only on their terms. With control of the White House and the Senate, Democrats showed no sign they were conceding the final two years of Obama’s term to Republican lawmakers who claimed the majority in the House.

“I think this week’s election was a historic rejection of American liberalism and the Obama and Pelosi agenda,” said Rep. Mike Pence, the Indiana Republican who is stepping down from his post in GOP leadership. “The American people are tired of the borrowing, the spending, the bailouts, the takeovers.”

39 15,000 refugees flee Myanmar post-vote fighting

Associated Press

Mon Nov 8, 1:23 pm ET

YANGON, Myanmar – Mothers carrying babies and grown men hoisting elders on their backs fled Myanmar with 15,000 countrymen Monday as ethnic rebels clashed with government troops a day after an election widely considered a sham to cement military power.

Fighting raged at key points on the Thai border, wounding at least 10 people on both sides of the frontier as stray shots fell into Thai territory.

The clashes underlined Myanmar’s vulnerability to unrest even as it passes through a key stage of the ruling junta’s self-proclaimed “road map to democracy.” The country has been ruled by the military near-continuously since 1962, and rebellions by its ethnic minorities predate its independence from Britain in 1948.

40 Mo. corrects record on 1923 college-town lynching

By ALAN SCHER ZAGIER, Associated Press

36 mins ago

COLUMBIA, Mo. – Hundreds looked on as an angry mob dragged a black University of Missouri janitor from his jail cell in April 1923, publicly lynching him before he could stand trial on charges of raping a white professor’s 14-year-old daughter.

Historians say the instigators included some of Columbia’s most prominent citizens. The crowd that watched James T. Scott hang was filled with laughing and cheering students from the first public university west of the Mississippi River.

Eighty-seven years later, civic leaders have come together to confront an ugly episode in Columbia and correct the record on the death of Scott, who insisted the rape allegation was a case of mistaken identity.

41 Hearing set in Afghanistan ‘thrill kill’ case

By GENE JOHNSON, Associated Press

1 hr 57 mins ago

SEATTLE – The soldiers who reported to Staff Sgt. Calvin Gibbs paint a monstrous picture: He killed Afghan civilians for sport, they say, and encouraged others to do the same. He collected fingers of the dead, plotted against his own men and found it amusing to slaughter animals with his assault rifle.

Gibbs will get a chance to contest that portrait Tuesday during a military hearing at Joint Base Lewis-McChord south of Seattle on charges that include murder, dereliction of duty and trying to impede an investigation.

The Article 32 hearing is similar to a civilian grand jury proceeding, with a military judge looking into charges to see if there is enough evidence to send the case to a court martial.

42 Technology a blessing, a curse for remote island

By MARTHA IRVINE, AP National Writer

Mon Nov 8, 12:14 pm ET

BEAVER ISLAND, Mich. – Muggs Bass doesn’t own a computer. She’s pretty much dead set against e-mail. Anyone who calls her home on Michigan’s remote Beaver Island should be prepared for a busy signal, if she’s on her land-line phone. She has no cell.

“When you don’t have it, you don’t miss it. That’s what I say,” says the spunky 70-year-old grandmother, who’s as comfortable telling jokes at the local pub as she is attending Mass each morning.

Technology isn’t really her thing. So, it’s a small miracle when Bass drives, once a month, to her island’s rural health center to sit down in front of a wide-screen television. There, she and a handful of other islanders connect by video conference with a similar group in Charlevoix, Mich., a two-hour ferry ride to the south and east.

43 APNewsBreak: Georgia details nuclear smuggling

By DESMOND BUTLER, Associated Press

Mon Nov 8, 3:39 am ET

WASHINGTON – Early one morning in March, two Armenians slipped aboard a train in the Georgian capital of Tbilisi, unaware they were being watched. They removed a pack of Marlboro Reds hidden in a maintenance box between two cars. Inside the pack, Georgian authorities say, was nuclear bomb grade uranium, encased in lead.

Before long, Georgian officials seized the uranium and arrested the men, breaking up a ring they say was willing to sell material for nuclear weapons to any bidder. International officials see the operation as one victory in the effort to prevent nuclear weapons from falling into terrorists’ hands.

The seizure was reported in April, but few details were disclosed. The Associated Press now has obtained more information from Georgian officials about an operation involving international smugglers and undercover agents. Some elements were confirmed by U.N. and U.S. officials.

Punting the Pundits

Punting the Punditsis 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.

Andy Worthington: No Appetite for Prosecution: In Memoir, Bush Admits He Authorized the Use of Torture, But No One Cares

With just days to go before George W. Bush’s memoir, Decision Points, hits bookstores (on November 9), and with reports on the book’s contents doing the rounds after review copies were made available to the New York Times and Reuters, it will be interesting to see how many media outlets allow the former President the opportunity to try to salvage his reputation, how many are distracted by his spat with Kanye West or his claim that he thought about replacing Dick Cheney as Vice President in 2004, and how many decide that, on balance, it would be more honest to remind readers and viewers of the former President’s many crimes – including the illegal invasion of Iraq, and the authorization of the use of torture on “high-value detainees” seized in the “War on Terror.”

As I fall firmly into the latter camp, this article focuses on what little has so far emerged regarding the President’s views on Guantánamo, and, in particular, on his confession that he authorized the waterboarding of “high-value detainee” Khalid Sheikh Mohammed, which is rather more important than trading blows with a rapper about whether or not his response to the Katrina disaster was racist, as it is a crime under domestic and international law.

Nancy J. Altman: New York Times Columnist Peter Orszag Joins the Social Security Fearmongering Crowd

Former OMB Director Peter Orszag writes a tin-eared response to the elections, in his NYT op-ed, “Saving Social Security.”

Tuesday’s election gave expression to a deep frustration that Washington is not listening to Main Street. This frustration seems reasonable after reading the tin-eared response to the elections penned by former OMB Director Peter Orszag, in his recent opinion piece with its fear-mongering title, “Saving Social Security.”

Social Security is not in need of saving. It is the most fiscally responsible part of the entire federal budget. Its benefits are modest, averaging less than the minimum wage. It is extremely efficient, returning in benefits more than 99 cents of every dollar spent. At its most expensive, when the Baby Boom generation is fully retired, Social Security will cost half as much, in terms of percentage of GDP, that France, Germany and many other countries are paying for their counterpart programs right now, today. Its projected deficit, still decades away, is manageable in size – just 0.7 percent of GDP, about the same amount as extending the Bush tax cuts for the top two percent of Americans. (Paradoxically, Orszag recently penned a piece advocating the extension of those tax cuts)

Barry Eisler: The Definition of Insanity

Last month, the Washington Post published an op-ed by Jack Devine, former CIA deputy director of operations and chief of the CIA Afghan Task Force. When I read it, I thought it was perhaps the most insane op-ed I’d ever come across. But leave it to David Broder, “Dean of the Washington Press Corps,” to try to one-up it just three weeks later.

Let’s take Devine’s piece first. Devine argues that our top priority in Afghanistan must be capturing or killing bin Laden. Devine asks, “We have entered into two problematic wars and have expended a great deal of blood and treasure since Sept. 11. What was it all about, if not capturing bin Laden?”

I think I know now why invading Iraq was “problematic.” You see, bin Laden wasn’t in Iraq. No wonder we can’t find the guy. . . .

And now, Broder.

There’s less to say about Broder’s piece, but only because he expresses his insanity more succinctly than does Devine. First, he lays out his premise: war and peace are the only forces influencing the economy that the president can control. Second, his evidence: World War II resolved the Great Depression. Finally, his slam dunk conclusion: Obama should take America to war with Iran (Congressional declarations of war are so pre-9/11) because war with Iran will improve America’s economy.

Gary Younge: The Tea Party is not new, or coherent. It’s merely old whine in new bottles

This incoherent group has no leaders, no policies, no headquarters. It is held together by Fox TV and big money

What we witnessed on Tuesday was not a realignment of American politics but the first real test of the reconfiguration of the balance of forces in the American right. Exit polls show an electorate even more polarised than two years ago, where registered independents swung to Republicans but self-described moderates continued to back the Democrats. Sixty per cent of the seats that the Democrats lost were in districts where John McCain beat Obama in 2008.

Last December I interviewed Rand Paul, after he addressed about 12 people in a small town in Leitchfield, Kentucky, and asked what the Tea Party meant to him. “I call it the national open mic movement,” he joked. “It’s kind of good in a way. Some people were tired of not being able to speak their piece. But I don’t think it has a cohesion yet. It’s yet to be seen whether it can transform itself.”

Back then Paul was a rank outsider; now he is a senator-elect. The Tea Party still has no cohesion, but it has been transformed. Not from the inside or below, but from the outside and above. Its name reflects a popular mood, its actions reflect an elite capability.

Robert Freeman: Obama Was Used, And Is Now Used Up

Barack Obama was used. Of course, he knew he was being used when he made the deal. But what he didn’t know was how quickly he would be used up. Now he has to face two years of humiliation knowing that he betrayed the people and the country he claimed to champion – and knowing that everyone else knows it as well – but also knowing that he’s gotten what’s coming to him.

Obama made a deal to get the job in the first place. The deal was that he would carry on with Bush’s bailout of the banks, with Bush’s two wars, with Bush’s suppression of civil liberties, that he wouldn’t prosecute or even investigate any of the enormous fraud that had brought down the country, or the lies that had railroaded it into war.

Even before he took office, he began fulfilling his end of the bargain. He appointed Larry Summers head of the National Economic Council. It was Summers, more than any other person, who was responsible for dismantling the Glass-Steagall regulations that had acted as a firebreak against banks looting the country since the Great Depression. Summers had made millions consulting for hedge funds before taking the office.

Steve Almond: Jon Stewart, Opiate of the Masses

I realize this is going to put me in some pretty unsavory company, but here goes: I didn’t like Jon Stewart’s rousing speech at the end of his Rally to Restore Sanity. I found it cowardly and even a little heartbreaking.

I’ll get to why in a minute, but let me say first that I have been, for many years, a big fan of Stewart and his evil twin, Stephen Colbert. They’re both brilliant comedians and, when they choose to be, powerful advocates of reason.Stewart’s systematic dismantling of insurance company shill Betsy McCaughey, for instance, was a crucial bit of public theater that helped put to rest the myth of Death Panels. Colbert’s upbraiding of both George W. Bush and the lapdog media that enabled him at the 2006 White House Correspondents’ Association dinner was a genuine act of heroism. So when Stewart and Colbert announced their joint rally, I was as excited as the next disaffected progressive. The more cultural bandwidth these guys get, I figured, the more sensible our discourse will become.

When you’ve lost Adam Serwer…

Standing For Nothing.

Look, if Democrats can’t repeal a policy more than two thirds of the American people, including a majority of conservatives want gone then they can’t expect people to vote for them. Preserving DADT is rank absurdity, even in 1993 the RAND study commissioned by the government showed that combat effectiveness would not be harmed by allowing openly gay servicemembers to serve, and the fact that DADT investigations are sometimes delayed when servicemembers are deployed undermines the notion that openly gay servicemembers harm the war effort.

The plain fact of the matter is that DADT undermines the military by forcing discharges of servicemembers with critical skills and walling off an entire section of the population from recruitment. The only remaining arguments for preserving DADT are premised on archaic cultural attitudes towards homosexuality, and Republicans’ insistence on undermining the military by preserving repeal is vanity, a projection of their own superficial prejudices onto the very servicemembers they claim to respect.

(h/t Atrios)

How’s that austerity thing working out for you?

Let me explain slowly and clearly-

The problem is overcapacity and lack of aggregate demand.

Austerity by definition means less spending and less aggregate demand.

Irish Debt Woes Revive Concern About Europe

By LANDON THOMAS Jr., The New York Times

Published: November 7, 2010

LONDON – When interest rates soared last week on Irish government bonds, it served as a grim warning to other indebted nations of how difficult and even politically ruinous it could be to roll back decades of public sector largess.

An Irish bond market already in free fall plunged further after Ireland announced on Thursday that it planned to nearly double its package of spending cuts and tax increases to try to rein in its huge deficit. Investors took it not as a sign of resolve but rather of Ireland’s desperation and uncertainty about the true extent of its problems.



A year ago, as cascading mortgage defaults brought down the biggest Irish banks, Ireland became the first major developed nation to impose an austerity program. The country was hailed worldwide as an exemplar of probity and national consensus.

But as the full extent of the banking and real estate bust became evident, it was clear that the government of Prime Minister Cowen, which has been in power since the onset of the crisis more than two years ago, had underestimated the cost of fiscal recovery. Now the possibility that he will be forced from office or compelled to call a new election grows by the day.



The British chancellor, George Osborne, perhaps the keenest deficit hawk among policy makers in the developed nations, was taken to task last week by lawmakers. They accused him of exaggerating the extent of the country’s fiscal problems to justify broad cuts in middle-class benefits like universal payments to parents with children.

“How many children will be forced to leave their homes?” demanded one furious member of Parliament. “Will the numbers of homeless increase or decrease under your government? Will there be a reduction in special needs education for children in our schools?”

Pitchforks.

I’m reliably informed Keith will be back tomorrow.

Inflation is Good!

Monday Business Edition

Following the economic story is a trifle confusing because there are at least 2 threads to it.  One of those threads is the failure of our financial institutions and their systematic culture of fraud.

But another thread is the failure of academic economists and Washington policy makers to correctly diagnose and take action on our National economic problems.

Let me start by saying that what we are seeing in the United States macro economy is a textbook example of the complete and utter failure of Monetary Policy from Milton Friedman to Alan Greenspan.  What ails us is overcapacity and a lack of aggregate demand.  Businesses are making everything that anyone will pay for and could easily make much, much more at little marginal cost.

They are sitting on piles of cash which they are currently using to buy sort term treasuries at 0% interest (a safe way of parking it not investing it), stock repurchases, mergers and acquisitions, expanding overseas operations, and other non productive pursuits; non productive in this case meaning- Not Increasing U.S. Aggregate Demand.

Now the textbook response to a situation like this is for the Government to step in as a purchaser of last resort- Dig Holes.  Fill them up.  At least you’re putting money in people’s pockets and because of the Multiplier Effect Aggregate Demand will rise and your National economy will pick up.  Tested and proven.

Indeed, this is exactly the argument David Broder uses for advocating War with Iran!

Umm… aggressive warfare for economic gain is pretty specifically a war crime Dave.

But it does validate the idea of Government fiscal policy as a tool for jump starting the economy.

Instead of that we are pursuing a policy of pushing on a string.  The object of Bernake’s $600 Billion repurchase is to create negative interest rates in the hopes that losing money by keeping it parked in T-Bills will spur investment.

A thin hope at best and as Krugman points out, by foregoing the chance to create increased expectations of inflation in general we are reducing that incentive.

Doing It Again

By PAUL KRUGMAN, The New York Times

Published: November 7, 2010

Eight years ago Ben Bernanke, already a governor at the Federal Reserve although not yet chairman, spoke at a conference honoring Milton Friedman. He closed his talk by addressing Friedman’s famous claim that the Fed was responsible for the Great Depression, because it failed to do what was necessary to save the economy.

“You’re right,” said Mr. Bernanke, “we did it. We’re very sorry. But thanks to you, we won’t do it again.”



For the big concern about quantitative easing isn’t that it will do too much; it is that it will accomplish too little. Reasonable estimates suggest that the Fed’s new policy is unlikely to reduce interest rates enough to make more than a modest dent in unemployment. The only way the Fed might accomplish more is by changing expectations – specifically, by leading people to believe that we will have somewhat above-normal inflation over the next few years, which would reduce the incentive to sit on cash.

The idea that higher inflation might help isn’t outlandish; it has been raised by many economists, some regional Fed presidents and the International Monetary Fund. But in the same remarks in which he defended his new policy, Mr. Bernanke – clearly trying to appease the inflationistas – vowed not to change the Fed’s price target: “I have rejected any notion that we are going to try to raise inflation to a super-normal level in order to have effects on the economy.”

And there goes the best hope that the Fed’s plan might actually work.

Think of it this way: Mr. Bernanke is getting the Obama treatment, and making the Obama response. He’s facing intense, knee-jerk opposition to his efforts to rescue the economy. In an effort to mute that criticism, he’s scaling back his plans in such a way as to guarantee that they’ll fail.

Business News below-

From Yahoo News Business

1 World Bank chief calls for gold to anchor forex

AFP

1 hr 22 mins ago

SINGAPORE (AFP) – World Bank president Robert Zoellick has called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.

Ahead of a Group of 20 summit this week in Seoul, Zoellick said an updated gold standard could help retool the world economy at a time of serious tensions over currencies and US monetary policy.

He said the world needed a new regime to succeed the “Bretton Woods II” system of floating currencies, which has been in place since the fixed-rate currency system linked to gold broke down in 1971.

Fuck.  It’s going to take me a whole other fucking diary to explain how incredibly fucking stupid an idea this is.

2 Japan’s Skymark to buy up to six Airbus A380s

by Karyn Poupee, AFP

2 hrs 18 mins ago

TOKYO (AFP) – Japan’s low-fare Skymark Airlines said Monday it would buy four Airbus A380 superjumbos, with an option to buy two more, as it plans to launch international routes in a deal worth 2.8 billion dollars.

The deal gives the European firm a foothold in a market where US rival Boeing has long had a near-monopoly and is welcome news as it comes under pressure after Qantas grounded its A380 fleet following an engine blow-out last week.

“Skymark Airlines signed a basic agreement with Airbus on the introduction of Airbus A380,” Skymark Airlines said in a statement, announcing its order for the world’s largest passenger aircraft.

3 Qantas extends A380 groundings over oil leaks

by Talek Harris, AFP

Mon Nov 8, 3:58 am ET

SYDNEY (AFP) – Qantas extended the grounding of its Airbus A380 superjumbos for at least three more days on Monday after finding oil leaks in some engines, heightening safety fears after two mid-air blow-outs last week.

However Singapore Airlines said Monday its inspections of its 11 A380 superjumbos had found no problems with their Rolls-Royce Trent 900 engines, as it continues flying the planes.

In Sydney, Qantas chief executive Alan Joyce said rigorous testing had uncovered the anomalies on the Rolls-Royce engines on three separate aircraft, pushing back the return to action of the long-haul planes by 72 hours.

4 iPhone triggers videogame gold rush

by Fabrice Hoss, AFP

Sun Nov 7, 3:09 pm ET

MONTREAL (AFP) – The commercial tsunami unleashed by the iPhone has served as a launch pad for the videogame industry in Montreal, which hopes to seize on the success of Apple’s smartphone.

Hundreds of participants in the two-day Montreal International Game Summit that opens Monday in Quebec’s big city will be looking for ways to better milk the gaming market cow, in the face of Apple’s golden example.

In barely a year and a half, the iPhone has seized 20 percent of the portable gaming market and five percent of the global videogame market, estimated at some 50 billion dollars a year.

5 Get rich quick trumps market reform: analysts

by Luc Olinga, AFP

Sun Nov 7, 1:32 am ET

PARIS (AFP) – The Group of 20 countries, meeting next week, were supposed to have stamped out the financial market abuses at the heart of the global crisis but little seems to have changed since their last summit, analysts say

Hopes for reform after the market chicanery that brought down a series of ‘too-big-to-fail’ banks and sparked the worst slump since the 1930s have faded with the return of the ‘get rich quick’ mentality, according to analysts.

“The bad old habits have come back much faster than was expected,” said Denis Marcadet of Vendome Associes in Paris.

6 Coal India issue could boost future state sales

by Salil Panchal, AFP

Sun Nov 7, 1:11 am ET

MUMBAI (AFP) – The success of India’s 3.4-billion-dollar sale of shares in state-run Coal India has raised hopes of big returns for the government from a cascade of looming partial privatisations, analysts say.

The sale of a 10 percent stake in Coal India was oversubscribed 15 times and shares soared 40 percent on their opening day of trade last week as foreign and domestic investors scrambled to invest in the world’s biggest coal miner.

It was India’s biggest stock sale ever and “will see a positive rub-off on future disinvestments”, Sanjay Sharma, head of equities with Deutsche Bank, told AFP.

7 China offers to support Portugal but no debt pledge

by Levi Fernandes, AFP

Sun Nov 7, 2:50 pm ET

LISBON (AFP) – Chinese President Hu Jintao wrapped up a visit to Portugal Sunday with pledges to support its battered economy, but did not commit to purchasing Portuguese debt, though it had been widely anticipated.

Hu and Portuguese Prime Minister Jose Socrates inked a series of trade deals after holding talks, but there was no announcement that Beijing would buy up Portuguese debt, as it did last month for Greece.

“We are ready to support through concrete measures Portugal’s efforts to reduce the impact of the international crisis,” Hu said during a joint news conference.

8 China’s Hu calls for Portuguese cooperation on reform agenda

by Anne Le Coz, AFP

Sat Nov 6, 5:04 pm ET

LISBON (AFP) – China wants to strengthen cooperation with Portugal on international issues such as reform of the United Nations, President Hu Jintao said Saturday.

“Thus we will be able to consolidate our consultations on global themes and common international interest, such as the resumption of world economic growth, the reform of the United Nations and climate change,” Hu added.

The Chinese leader was speaking at a joint press conference with Portugal’s President Anibal Cavaco Silva, on the first day of a two-day visit to this economically fragile country.

9 Obama savors 10 billion dollar India trade bonanza

by Stephen Collinson, AFP

Sat Nov 6, 2:06 pm ET

MUMBAI (AFP) – President Barack Obama Saturday unveiled 10 billion dollars in trade deals with India, seeking a US jobs dividend from a fast-rising economy he hailed as one of humanity’s most stunning achievements.

Weaving a fulsome parable of India’s emergence and potential in a speech to US and Indian business executives, Obama also announced a reform of US export regimes and rejected caricatures of India as a nation of “call centers.”

His speech was clearly aimed not only at India, but at voters in the United States who punished Obama’s Democratic Party in mid-term elections on Tuesday, in a cry of anguish over the job-starved recovery.

10 China’s Hu seals France ties ahead of G20

by Roland Lloyd Parry, AFP

Sat Nov 6, 1:02 pm ET

NICE, France (AFP) – China’s President Hu Jintao wrapped up a lavish state visit to France on Saturday after throwing his weight behind its upcoming G20 presidency and plans for global financial reform.

Hu took off from the southern resort of Nice, bound for Lisbon according to the French presidency, which claimed a diplomatic success in winning China’s backing for when it heads the Group of 20 economic powers from November 13.

Officials gave no details of Hu’s schedule in Lisbon but analysts said that trip was likely part of China’s drive to buy up cheap government debt in countries like Portugal which have been hit hard by the financial crisis.

11 Zimbabwe gem smuggling fuels cross border dealer hub

by Justine Gerardy, AFP

Sun Nov 7, 7:16 pm ET

MANICA, Mozambique (AFP) – Waving his index finger into the balmy heat, the taxi driver barely pauses while driving through the hub of international diamond dealers who have set up near Zimbabwe’s border.

“Here Lebanese. Americans stay here. Ten Guineas stay in that house. Here Pakistan. Here Nigeria,” Raymond Reba, 24, offers every few metres, with one man raising a hopeful finger to signal he is open for business.

“There is a buyer. Here another buyer. There again, another buyer.”

12 APEC looks to safeguard growth, ease currency tension

by David Watkins, AFP

Sat Nov 6, 8:57 am ET

KYOTO, Japan (AFP) – Asia Pacific finance ministers on Saturday pledged to work towards safeguarding growth and to avoid weakening each other’s currencies, as the US sought to ease tensions over recent economic proposals.

Finance chiefs from the 21-nation Asia Pacific Economic Cooperation group including the United States, China and Japan, met in Kyoto and adopted wording from an October G20 meeting to steer away from the “competitive devaluation of currencies”.

Fault lines had emerged during the two-day G20 meeting over a US proposal that countries assign a quantifiable limit for their current account surpluses or deficits to help rebalance the global economy and ease trade tensions.

13 G20 finds common ground opposing U.S.

By Emily Kaiser, Reuters

Sun Nov 7, 3:02 pm ET

WASHINGTON (Reuters) – The Group of 20 is beginning to look more like the G19 plus 1 as emerging and rich countries alike accuse the United States of breaking a vow of unity.

This week’s G20 summit will require every bit of President Barack Obama’s diplomacy skills after the Federal Reserve embarked on a new $600 billion bond-buying spree, sparking criticism from four continents that the U.S. central bank was ignoring the global repercussions.

Officials from Germany, Brazil, China and South Africa were among those expressing concern that the Fed’s money printing could weaken the dollar, drive up commodity prices and send uncontrollable waves of investor cash into emerging markets.

14 Obama fires back after China slates Fed’s QE2

By Patricia Zengerle and Krittivas Mukherjee, Reuters

Mon Nov 8, 5:00 am ET

NEW DELHI (Reuters) – President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week’s Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent “currency wars” from spreading to become a rush to protectionism that could imperil the global recovery.

It has been overshadowed by disagreements over the U.S. Federal Reserve’s quantitative easing (QE) policy under which it will print money to buy $600 billion of government bonds, a move that could depress the dollar and cause a potentially destabilizing flow of money into emerging economies.

15 Shell puts Woodside in play with $3 billion stake sale

By Michael Smith and Tom Bergin, Reuters

2 hrs 27 mins ago

SYDNEY/LONDON (Reuters) – Royal Dutch Shell said it planned to sell almost a third of its 34 percent stake in Woodside Petroleum for $3.3 billion, prompting predictions Australia’s largest oil and gas firm could become a bid target.

The Anglo-Dutch oil major said in a statement on Monday it would retain a 24.27 percent stake in Woodside for at least a year, except in the case of a takeover bid for Woodside, or that Shell decided to sell a large chunk to a strategic buyer.

A source familiar with the matter said the 10 percent stake being sold on Monday was being marketed to institutions in Australia and internationally.

16 Qantas extends A380 grounding as it probes oil leaks

By Michael Smith and Balazs Koranyi, Reuters

48 mins ago

LONDON/SYDNEY (Reuters) – Australia’s Qantas Airways has grounded its A380 fleet for at least three more days as it investigates oil leaks that might have caused the engine explosion on a Sydney-bound flight last week.

The incident has rattled the global aviation industry, which is recovering from heavy losses during the global economic downturn, and has been damaging for Rolls-Royce, which makes the Trent 900 engine that broke apart on the flight, which made an emergency landing in Singapore.

Rolls shares were down 1.6 percent at 581.5 pence at 1008 GMT in London, extending last week’s 9.7 percent drop, while Qantas shares in Sydney closed 2.1 percent lower at A$2.80.

17 World Bank chief surprises with gold standard idea

Reuters

1 hr 37 mins ago

LONDON (Reuters) – Leading economies should consider adopting a modified global gold standard to guide currency rates, World Bank president Robert Zoellick said on Monday in a surprise proposal before a potentially acrimonious G20 summit.

Writing in the Financial Times, Zoellick called for a “Bretton Woods II” system of floating currencies as a successor to the Bretton Woods fixed-exchange rate regime that broke down in the early 1970s.

The former U.S. trade representative, who served in several Republican administrations, said such a move “is likely to need to involve the dollar, the euro, the yen, the pound and (a yuan) that moves toward internationalization and then an open capital account.

18 Stocks seek direction post-Fed and elections

By Chuck Mikolajczak, Reuters

Sun Nov 7, 11:30 am ET

NEW YORK (Reuters) – Wall Street navigated through three major landmines last week — the elections, the U.S. Federal Reserve meeting and jobs report — with barely a scratch. Now what?

With earnings season winding down and a light economic calendar this week, the market will be left to its own devices to sort out its direction.

A rise of more than 16 percent in the S&P 500 (.SPX) since the start of September had many investors expecting a pullback after the trio of big events. But it appears to have emboldened them instead.

19 APEC ponders free trade area as frictions loom

By Yoko Nishikawa and Linda Sieg, Reuters

Sun Nov 7, 6:04 am ET

YOKOHAMA (Reuters) – Asia-Pacific economies, including China and the United States, were laying the groundwork on Sunday for a vast free trade area, but frictions over currencies and geopolitical rivalries threatened to undermine regional harmony.

China and the United States turned down the heat in an acrimonious dispute over currencies and trade imbalances at a meeting of finance ministers from the 21-member Asia-Pacific Economic Cooperation (APEC) forum.

Meeting in Japan’s ancient capital of Kyoto on Saturday, the finance chiefs declared members will move toward more market-determined exchange rate systems reflecting underlying economic fundamentals, and refrain from competitive devaluation of currencies.

20 China offers to help Portugal but silent on debt

By Shrikesh Laxmidas and Kevin Yao Shrikesh, Reuters

Sun Nov 7, 11:46 am ET

LISBON (Reuters) – China will back Portugal’s efforts to deal with fallout from the world financial crisis, President Hu Jintao said on Sunday, but he stopped short of promising to buy Portuguese bonds as the debt-ridden country had hoped.

“We are willing to take concrete measures to help Portugal cope with the global financial crisis,” he said after meeting Prime Minister Jose Socrates, without elaborating.

The meeting was the last stop of Hu’s four-day to France and Portugal before returning to Beijing later on Sunday.

21 Buffett derivative bet pushes Berkshire to loss

By Ben Berkowitz, Reuters

Fri Nov 5, 7:06 pm ET

NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway got the wrong end of a bet on future stock market prices in the third quarter, hurting profits and masking the substantial strength in his recently acquired railroad.

The billionaire investor’s Burlington Northern Santa Fe railroad had heavy demand in the quarter to transport a range of commercial and agricultural products, reflecting the growing strength in the manufacturing sector.

Buffett called his purchase of the railroad “an all-in wager on the economic future of the United States,” and its contribution to results lent credence to his strategy.

22 Bernanke answers Fed’s global critics

By Pedro Nicolaci da Costa, Reuters

Fri Nov 5, 6:28 pm ET

JACKSONVILLE, Florida (Reuters) – Federal Reserve Chairman Ben Bernanke on Friday defended the U.S. central bank’s bond-buying against beggar-thy-neighbor criticism, saying the return to a strong U.S. economy was critical for global stability.

He suggested doing so would bolster a dollar whose weakness has sparked cries of foul from Bogota to Beijing.

The Fed’s decision to buy $600 billion of government debt has drawn scathing comments from nations which contend it is generating global instability by strengthen their currencies against the dollar, inflating asset bubbles and fueling inflation in their economies.

23 U.S. eyes new rules for market after "flash crash"

By Christopher Doering and Rachelle Younglai, Reuters

Fri Nov 5, 3:46 pm ET

WASHINGTON (Reuters) – U.S. securities regulators are close to approving a plan to ensure markets remain liquid even in times of crisis, the chairman of the Securities and Exchange Commission said on Friday.

At a meeting to discuss the May “flash crash” that sent the Dow Jones industrial average into a brief 700-point freefall, SEC chief Mary Schapiro and other regulators were zeroing in on new rules to prevent another uncontrollable market plunge.

The brief market crash rattled investors already unhinged by the financial crisis.

24 AIG loses more than $2 billion after asset sales

By Ben Berkowitz, Reuters

Fri Nov 5, 3:45 pm ET

NEW YORK (Reuters) – AIG (AIG.N) posted slight gains in its main insurance businesses in the third quarter, but the bailed-out company lost more than $2 billion from asset sales linked to its restructuring.

The results underscore the difficulties American International Group Inc faces as it tries to raise money to repay the $100 billion it still owes the U.S. government. AIG is trying to generate more income from its main insurance businesses but is regularly losing money on asset sales.

“It’s a company that’s made progress but still has more work to do,” said Cathy Seifert, an insurance equity analyst at Standard & Poor’s.

25 Qantas CEO: Oil leaks in 3 engines of its A380s

By KRISTEN GELINEAU, Associated Press

2 hrs 1 min ago

SYDNEY – Tests have uncovered oil leaks in three Rolls-Royce engines on Qantas’ grounded Airbus A380s, the airline’s CEO said Monday, as engineers tried to zero in on the cause of an engine failure on board one of the carrier’s superjumbo jets last week.

Australia’s national carrier grounded its six double-decker A380s, the world’s newest and largest airliner, after an engine burst minutes into a flight from Singapore to Sydney last week, scattering debris over Indonesia’s Batam island. The plane made a safe emergency landing in Singapore.

Engineers conducted eight hours of extensive checks on each engine over the weekend.

26 Vt. nuke plant closes after radioactive water leak

By DAVE GRAM, Associated Press

2 hrs 3 mins ago

MONTPELIER, Vt. – Technicians at the Vermont Yankee nuclear plant will begin work Monday morning to fix a pipe that leaked radioactive water and forced the plant to shut down.

The nuclear reactor was taken out of service at 7 p.m. Sunday. Plant spokesman Larry Smith estimated it would take 13 hours to cool down enough for workers to enter the area and make repairs.

Smith said the leak of about 60 drops a minute was spotted earlier Sunday during routine surveillance. It was coming from a 2-foot-wide pipe that was part of the circulation system involving the reactor, he said. The water was being collected by a sump pump and cycled back through the system, he said.

27 China suffers diesel shortage, disrupting industry

By JOE McDONALD, AP Business Writer

1 hr 26 mins ago

BEIJING – Aggravated Chinese truck drivers parked for hours to buy rationed diesel Monday as shortages blamed on a government conservation campaign and possible hoarding by state oil companies disrupted industry and trade.

Supplies ran low after thousands of factories bought diesel generators to cope with power cuts imposed by authorities to meet energy-saving goals. That boosted already strong fuel demand amid rapid economic growth and complaints that major suppliers are withholding diesel to pressure Beijing to raise government-set retail prices.

In the southwestern city of Chongqing, truck driver Peng Yun was just back from what should have been a three-day trip to neighboring Yunnan province. He said it stretched to five days after he had to stop six times for a partial tank of fuel.

28 UK’s Cameron visits China seeking trade, influence

By DAVID STRINGER, Associated Press

2 hrs 35 mins ago

LONDON – British Prime Minister David Cameron was leading his country’s largest ever delegation to China on Monday, hoping to win trade and woo a powerful potential ally as London seeks to cultivate ties beyond Washington and Europe.

Cameron, accompanied by four Cabinet ministers and about 50 business leaders, will arrive Tuesday for two days of talks in Beijing – his second major trip to court an emerging economy following a high-profile visit to India in July.

Britain’s new government has made trade with developing economies its key foreign policy priority, hoping to spur the country’s sluggish growth by boosting exports.

29 Greek PM vows to press ahead with austerity

By ELENA BECATOROS, Associated Press

Mon Nov 8, 2:42 am ET

ATHENS, Greece – Greece’s prime minister vowed to press ahead with painful austerity measures to pull the debt-strapped country out of a severe financial crisis, dropping a threat to call snap elections after his party retained a slim lead in local government polls.

“We know that change is not easy. But it was for this change that the Greek people brought us to power a year ago. And today it again confirmed that it wants this change,” George Papandreou said in a live televised speech late Sunday night.

With nearly all returns counted Monday, Papandreou’s Socialists led a key race for regional governor in greater Athens Sunday but lost significant ground elsewhere to the main opposition conservative party, while turn-out plunged. A runoff vote will be held next Sunday.

30 APEC debates becoming body that can forge FTA

By MARI YAMAGUCHI, Associated Press

Mon Nov 8, 1:25 am ET

YOKOHAMA, Japan – Pacific Rim economies are debating whether to change the informal Asia-Pacific Economic Cooperation forum so that it can negotiate a sprawling free trade zone, Japanese officials said Monday.

The potentially major change for the 21-member APEC, formed in 1989 as non-binding forum to promote regional trade and investment, would open the possibility of a Pacific-wide trade pact encompassing 44 percent of global trade and more than half of the world’s gross domestic product.

The idea faces resistance from some member economies that want to strike free trade deals independently, although overall delegates are demonstrating an openness to it, said the Japanese officials, who requested anonymity because of government rules. Indonesia and the Philippines have said they are cool toward the concept – known as the Free Trade Area of the Asia-Pacific – preferring to think of it as a much longer-term goal.

31 Lawyers say proving egg-related lawsuits difficult

By MICHAEL J. CRUMB, Associated Press

Mon Nov 8, 3:14 am ET

DES MOINES, Iowa – Thousands of people likely were sickened by salmonella-contaminated eggs from two Iowa companies last summer, but lawyers said far fewer have the proof needed for a successful lawsuit and most cases filed will be settled out of court.

So far, attorneys in Seattle, Houston, Chicago and Minneapolis have filed at least 10 cases related to recalls by Wright County Egg and Hillandale Farms of Iowa. The companies recalled 550 million eggs in August after a salmonella outbreak was traced to their farms.

The Centers for Disease Control and Prevention linked at least 1,600 illness to the eggs, and CDC spokeswoman Lola Russell said for every case reported there may be up to 30 more.

32 Broadband usage growing even as gaps persist

By JOELLE TESSLER, AP Technology Writer

2 hrs 16 mins ago

WASHINGTON – The U.S. still faces a significant gap in residential broadband use that breaks down along incomes, education levels and other socio-economic factors, even as subscriptions among American households overall grew sevenfold between 2001 and 2009.

What’s more, even when controlling for key socio-economic characteristics, the U.S. continues to confront a racial gap in residential broadband use, with non-Hispanic white Americans and Asian-Americans more likely to go online using a high-speed connection than African-Americans and Hispanics.

Those are some of the key conclusions of a new analysis of Census data being released Monday by the Commerce Department. It found that the percentage of households that connect to the Internet using broadband grew to 63.5 percent in 2009 from 9.2 percent in 2001, reflecting increases across nearly all demographics.

33 Economy recovering, but recession’s shadow is long

By RACHEL BECK and ANNE D’INNOCENZIO, AP Business Writers

Sat Nov 6, 11:29 pm ET

NEW YORK – Layaway, once the province of the poor, has gone mainstream. At the Mall of America in Minnesota, shoppers dart in for just one or two things. In New York, socialites do the unthinkable: They wear the same ball gown twice.

During the Great Recession, people made drastic changes in how they spent their money. They stopped treating credit cards as cash. They learned to save and learned to wait.

Now the recession is over, at least technically, and the economy is growing again, at least a little. But many changes in spending habits that most Americans first saw as temporary have taken hold, perhaps for good, some economists say.

34 Web browser pioneer backs new way to surf Internet

By MICHAEL LIEDTKE, AP Technology Writer

Sun Nov 7, 4:35 pm ET

SAN FRANCISCO – The Web has changed a lot since Marc Andreessen revolutionized the Internet with the introduction of his Netscape browser in the mid-1990s. That’s why he’s betting people are ready to try a different Web-surfing technique on a new browser called RockMelt.

The browser, available for the first time Monday, is built on the premise that most online activity today revolves around socializing on Facebook, searching on Google, tweeting on Twitter and monitoring a handful of favorite websites. It tries to minimize the need to roam from one website to the next by corralling all vital information and favorite services in panes and drop-down windows.

“This is a chance for us to build a browser all over again,” Andreessen said. “These are all things we would have done (at Netscape) if we had known how people were going to use the Web.”

35 Small banks failing as larger firms regain health

By MARCY GORDON and DANIEL WAGNER, AP Business Writers

Sun Nov 7, 3:06 pm ET

WASHINGTON – U.S. banks are failing at the fastest rate in two decades.

No, the financial crisis hasn’t returned. Wall Street doesn’t need another bailout.

But in communities around the country, 143 banks have collapsed so far this year – more than all of last year. This time, the failed banks are smaller, on average, than in 2008 and 2009. The damage to the industry has thus been milder this time. Still, the wave of closings points to the persistent struggles of many communities and states.

36 Homeowners say loan mods led them to foreclosure

By JACOB ADELMAN, Associated Press

Sun Nov 7, 3:08 pm ET

LOS ANGELES – Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and signed up.

The Cascos say they never missed a subsequent payment, so they were horrified when the bank decided the smaller payments weren’t enough and foreclosed on their modest Long Beach home.

Their story is echoed across the country by people who claim – some in lawsuits – that banks didn’t live up to their end of the deal when they agreed to trial mortgage modifications.

37 Russian reporter in coma after beating in Moscow

By LYNN BERRY, Associated Press

Sat Nov 6, 1:18 pm ET

MOSCOW – Two unknown men waited for Russian journalist Oleg Kashin to come home and then bludgeoned him on his head, arms and legs. Yet his editor said it was Kashin’s mangled hands – with part of one pinky broken off – that showed his attackers wanted to make sure he never wrote again.

Kashin, a 30-year-old reporter for the respected Kommersant newspaper, was hospitalized in a drug-induced coma after the attack early Saturday outside his Moscow apartment.

He is the latest in a line of journalists and activists to be assaulted in Russia. In most cases, the perpetrators are never found, but the Kremlin appeared determined to show that this time things will be different.

38 ‘Staff of life’ wavers under weight of humanity

By CHARLES J. HANLEY, AP Special Correspondent

Sun Nov 7, 12:02 am ET

LOS VALLES DE TLAXCALA, Mexico – In these volcanic valleys of central Mexico, on the Canadian prairie, across India’s northern plain, they sow and they reap the golden grain that has fed us since the distant dawn of farming. But along with the wheat these days comes a harvest of worry.

Yields aren’t keeping up with a world growing hungrier. Crops are stunted in a world grown warmer. A devastating fungus, a wheat “rust,” is spreading out of Africa, a grave threat to the food plant that covers more of the planet’s surface than any other.

In Chicago, London and other money centers, the wheat market is so roiled by bad news and speculators that rising prices may put bread out of reach for millions more of the world’s poor.

39 Obama: US elections force ‘midcourse corrections’

By BEN FELLER, AP White House Correspondent

Sun Nov 7, 2:12 pm ET

NEW DELHI – Hampered by heavy election losses at home, President Barack Obama promised from India on Sunday to make “midcourse corrections” to reinvigorate his embattled domestic agenda in the face of a testier American public and more combative Congress.

On a day of friendly outreach, Obama also was confronted about his support for Pakistan, New Delhi’s nuclear neighbor and rival. He defended the alliance while acknowledging that Pakistan-based extremists are “a cancer” with the potential to “engulf the country.”

His comments took on added significance because he spoke in Mumbai, where memories are fresh from attacks in 2008 by Pakistani assailants that killed 166 in the city. Obama urged the two nations to talk peace; he didn’t commit the U.S. as middle man.

40 Textbook rentals no cure for rising college costs

By CRISTIAN SALAZAR, Associated Press

Sat Nov 6, 1:08 pm ET

NEW YORK – Textbook rental programs at many of the nation’s colleges – touted as money-savers for students – are limited by the number of available titles, publishers who release frequent new editions and professors who believe their right to choose course materials is essential to academic freedom.

About half the nation’s major college and university bookstores offered textbook rentals this fall, according to the National Association of College Stores, hoping to cut the $600-$900 students spend buying books each year. That’s roughly a fivefold increase from around 300 stores a year ago.

But schools and publishing experts say the programs are expensive to start up and difficult to operate. In addition, there are complaints that rental prices are still too high, even though they can be as much as half the cost of a new book.

41 The rise of the surgical shopper

By ANNE D’INNOCENZIO and RACHEL BECK, AP Business Writers

Sun Nov 7, 9:42 pm ET

BLOOMINGTON, Minn. – Think of the Mall of America as the Colosseum of American consumerism: It has more than 500 shops, 50 eateries and its own theme park, complete with an indoor roller-coaster.

And now it, too, seems a symbol of a bygone era.

Some 40 million people still visit each year. But many are like Michelle Hoppe of New London, Minn. She drove two hours to spend just $100 at three stores – Bath & Body Works, Victoria’s Secret and a toy store.

42 Technology a blessing, a curse for remote island

By MARTHA IRVINE, AP National Writer

Sun Nov 7, 3:21 pm ET

BEAVER ISLAND, Mich. – Muggs Bass doesn’t own a computer. She’s pretty much dead set against e-mail. Anyone who calls her home on Michigan’s remote Beaver Island should be prepared for a busy signal, if she’s on her land-line phone. She has no cell.

“When you don’t have it, you don’t miss it. That’s what I say,” says the spunky 70-year-old grandmother, who’s as comfortable telling jokes at the local pub as she is attending Mass each morning.

Technology isn’t really her thing. So, it’s a small miracle when Bass drives, once a month, to her island’s rural health center to sit down in front of a wide-screen television. There, she and a handful of other islanders connect by video conference with a similar group in Charlevoix, Mich., a two-hour ferry ride to the south and east.

43 Asia resists US push to target trade surpluses

By TOMOKO A. HOSAKA, Associated Press

Fri Nov 5, 10:46 pm ET

KYOTO, Japan – U.S. Treasury Secretary Timothy Geithner, meeting with counterparts from around the world Saturday, faces a tough task selling his formula for mending fissures in the global economy as nations seek ways to avoid another downturn.

The two-day gathering of finance ministers from the 21-member Asia-Pacific Economic Cooperation, or APEC, follows a Group of 20 meeting last month in South Korea, where finance heads and central bankers vowed to avoid using their currencies as trade weapons.

They also promised to establish a way to measure the reduction of destabilizing trade gaps, seen through figures such as surpluses and deficits in the current account – a broad indicator of a country’s trade and investment.

44 Fannie Mae asks for $2.5 billion in new US aid

By MARCY GORDON, AP Business Writer

Fri Nov 5, 10:43 pm ET

WASHINGTON – Government-controlled mortgage buyer Fannie Mae is asking for $2.5 billion in additional federal aid after posting a narrower loss in the third quarter.

Fannie Mae said Friday it lost $3.46 billion, or 61 cents a share, in the July-September quarter. That takes into account $2.1 billion in dividend payments to the Treasury Department. It compares with a loss of $19.8 billion, or $3.47 a share, in the third quarter of 2009.

The government rescued Washington-based Fannie Mae and sibling company Freddie Mac about two years ago and it estimates that will cost taxpayers up to $259 billion. That’s nearly twice the $133.4 billion Fannie and Freddie are in line to receive from taxpayers so far and would make it the most expensive bailout of the financial crisis.

45 Berkshire’s 3Q net income falls on derivatives

By JOSH FUNK, AP Business Writer

Fri Nov 5, 8:36 pm ET

OMAHA, Neb. – Warren Buffett’s company posted an 8 percent drop in third-quarter net income Friday due to paper losses on its derivatives portfolio, but BNSF railroad and several of Berkshire Hathaway’s other operating companies performed well.

Burlington Northern Santa Fe railroad added $706 million to Berkshire’s bottom line in its second full quarter under Buffett’s umbrella, as it again saw increases in industrial, agricultural and consumer product shipping. Earnings from Berkshire’s manufacturing, service and retail unit, which includes such companies as Fruit of the Loom clothing and Benjamin Moore paint, nearly doubled to $645 million. Berkshire’s insurance businesses, which include auto insurer Geico and reinsurance giant General Re, reported a decline in both underwriting and investment income, however.

The Omaha, Neb.-based company said it earned nearly $3 billion, or $1,814 per Class A share, during the quarter ending Sept. 30. That’s down from $3.24 billion, or $2,087 per share, last year. Revenue grew 21 percent in the third quarter to $36.3 billion from last year’s $29.9 billion.

On This Day in History: November 8

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

November 8 is the 312th day of the year (313th in leap years) in the Gregorian calendar. There are 53 days remaining until the end of the year.

On this day in 1793 the Louvre opens as a public museum. After more than two centuries as a royal palace, the Louvre is opened as a public museum in Paris by the French revolutionary government. Today, the Louvre’s collection is one of the richest in the world, with artwork and artifacts representative of 11,000 years of human civilization and culture.

The Musée du Louvre or officially Grand Louvre – in English the Louvre Museum or simply the Louvre – is one of the world’s largest museums, the most visited art museum in the world and a historic monument. It is a central landmark of Paris and located on the Right Bank of the Seine in the 1st arrondissement (district). Nearly 35,000 objects from prehistory to the 19th century are exhibited over an area of 60,600 square metres (652,300 square feet).

The museum is housed in the Louvre Palace (Palais du Louvre) which began as a fortress built in the late 12th century under Philip II. Remnants of the fortress are still visible. The building was extended many times to form the present Louvre Palace. In 1682, Louis XIV chose the Palace of Versailles for his household, leaving the Louvre primarily as a place to display the royal collection, including, from 1692, a collection of antique sculpture. In 1692, the building was occupied by the Académie des Inscriptions et Belles Lettres and the Académie Royale de Peinture et de Sculpture, which in 1699 held the first of a series of salons. The Académie

remained at the Louvre for 100 years. During the French Revolution, the National Assembly decreed that the Louvre should be used as a museum, to display the nation’s masterpieces.

The museum opened on 10 August 1793 with an exhibition of 537 paintings, the majority of the works being confiscated church and royal property. Because of structural problems with the building, the museum was closed in 1796 until 1801. The size of the collection increased under Napoleon when the museum was renamed the Musée Napoleon. After his defeat at Waterloo, many works seized by Napoleon’s armies were returned to their original owners. The collection was further increased during the reigns of Louis XVIII and Charles X, and during the Second French Empire the museum gained 20,000 pieces. Holdings have grown steadily through donations and gifts since the Third Republic, except during the two World Wars. As of 2008, the collection is divided among eight curatorial departments: Egyptian Antiquities; Near Eastern Antiquities; Greek, Etruscan, and Roman Antiquities; Islamic Art; Sculpture; Decorative Arts; Paintings; Prints and Drawings.

 1519 – Hernan Cortes enters Tenochtitlan and Aztec ruler Moctezuma welcomes him with a great celebration.

1520 – Stockholm Bloodbath begins: A successful invasion of Sweden by Danish forces results in the execution of around 100 people.

1576 – Eighty Years’ War: Pacification of Ghent – The States-General of the Netherlands meet and unite to oppose Spanish occupation.

1602 – The Bodleian Library at Oxford University is opened to the public.

1620 – The Battle of White Mountain takes place near Prague, ending in a decisive Catholic victory in only two hours.

1745 – Charles Edward Stuart invades England with an army of ~5000 that would later participate in the Battle of Culloden.

1793 – In Paris, the French Revolutionary government opens the Louvre to the public as a museum.

1837 – Mary Lyon founds Mount Holyoke Female Seminary, which later becomes Mount Holyoke College.

1861 – American Civil War: The “Trent Affair” – The USS San Jacinto stops the United Kingdom mail ship Trent and arrests two Confederate envoys, sparking a diplomatic crisis between the UK and US.

1889 – Montana is admitted as the 41st U.S. state.

1892 – The New Orleans general strike begins, uniting black and white American trade unionists in a successful four-day general strike action for the first time.

1895 – While experimenting with electricity, Wilhelm Rontgen discovers the X-ray.

   * 1901 – Bloody clashes take place in Athens following the translation of the Gospels into demotic Greek.

1917 – The People’s Commissars give authority to Vladimir Lenin, Leon Trotsky, and Joseph Stalin.

1923 – Beer Hall Putsch: In Munich, Adolf Hitler leads the Nazis in an unsuccessful attempt to overthrow the German government.

1932 – Franklin Delano Roosevelt is elected the 32d President of the United States defeating Herbert Hoover.

1933 – Great Depression: New Deal – US President Franklin D. Roosevelt unveils the Civil Works Administration, an organization designed to create jobs for more than 4 million of the unemployed.

1935 – A dozen labor leaders come together to announce the creation of the Congress of Industrial Organizations (CIO), an organization charged with advancing industrial unionism.

1937 – The Nazi exhibition Der ewige Jude (“The Eternal Jew”) opens in Munich.

1939 – Venlo Incident: Two British agents of SIS are captured by the Germans.

1939 – In Munich, Adolf Hitler narrowly escapes the assassination attempt of Georg Elser while celebrating the 16th anniversary of the Beer Hall Putsch.

1941 – The Albanian Communist Party is founded.

1942 – World War II: Operation Torch – United States and United Kingdom forces land in French North Africa.

1942 – World War II: French resistance coup in Algiers, in which 400 civilian French patriots neutralize Vichyist XIXth Army Corps after 15 hours of fighting, and arrest several Vichyst generals, allowing the immediate success of Operation Torch in Algiers.

1950 – Korean War: United States Air Force Lt. Russell J. Brown, while piloting an F-80 Shooting Star, shoots down two North Korean MiG-15s in the first jet aircraft-to-jet aircraft dogfight in history.

1957 – Operation Grapple X, Round C1: Britain conducts its first successful hydrogen bomb test over Kiritimati in the Pacific.

1965 – The British Indian Ocean Territory is created, consisting of Chagos Archipelago, Aldabra, Farquhar and Des Roches islands.

1965 – The Murder (Abolition of the Death Penalty) Act 1965 is given Royal Assent, formally abolishing the death penalty in the United Kingdom.

1965 – The 173rd Airborne is ambushed by over 1,200 Viet Cong in Operation Hump during the Vietnam War, while the 1st Battalion, Royal Australian Regiment fight one of the first set-piece engagements of the war between Australian forces and the Vietcong at the Battle of Gang Toi.

1966 – Former Massachusetts Attorney General Edward Brooke becomes the first African American elected to the United States Senate.

1966 – U.S. President Lyndon B. Johnson signs into law an antitrust exemption allowing the National Football League to merge with the upstart American Football League.

1973 – The right ear of John Paul Getty III is delivered to a newspaper together with a ransom note, convincing his father to pay 2.9 million USD.

1976 – A series of earthquakes spreads panic in the city of Thessaloniki, which is evacuated.

1977 – Manolis Andronikos, a Greek archaeologist and professor at the Aristotle University of Thessaloniki, discovers the tomb of Philip II of Macedon at Vergina.

1987 – Remembrance Day Bombing: A Provisional IRA bomb explodes in Enniskillen, Northern Ireland during a ceremony honouring those who had died in wars involving British forces. Twelve people are killed and sixty-three wounded.

2002 – Iraq disarmament crisis: UN Security Council Resolution 1441 – The United Nations Security Council unanimously approves a resolution on Iraq, forcing Saddam Hussein to disarm or face “serious consequences”.

2003 – The Harris Theater opens, commencing a renaissance in the Chicago performing arts community.

2004 – War in Iraq: More than 10,000 U.S. troops and a small number of Iraqi army units participate in a siege on the insurgent stronghold of Fallujah.

Morning Shinbun Monday November 8




Monday’s Headlines:

Nuclear bomb material found for sale on Georgia black market

USA

Now in Power, G.O.P. Vows Cuts in State Budgets

For many businesses, 2010 midterm election campaign was a winner

Europe

Russian outrage over new attack on journalist

Pope denounces gay marriage and abortion in Spain

Middle East

Police demolition of mosque incites riot as Israeli Arabs vow to rebuild

Iraqi leaders expected to form government

Asia

Burma poll marked by threats and low turnout

China builds a ‘new Silk Road’ to pave over its troubles

Africa

A lesson for Africa?

Latin America

20 killed over weekend in Mexican border city

A fresh slate at the Pentagon for Obama

President’s choices could have lasting consequences for national security agenda

By THOM SHANKER

WASHINGTON – With critical decisions ahead on the war in Afghanistan, President Obama is about to receive an unusual opportunity to reshape the Pentagon’s leadership, naming a new defense secretary as well as several top generals and admirals in the next several months.

It is a rare confluence of tenure calendars and personal calculations, coming midway through Mr. Obama’s first term and on the heels of an election that challenged his domestic policies. His choices could have lasting consequences for his national security agenda, perhaps strengthening his hand over a military with which he has often clashed, and are likely to have an effect beyond the next election, whetherhe wins or loses.

Nuclear bomb material found for sale on Georgia black market

Exclusive: Georgia trial reveals how sting netted highly enriched uranium that had been smuggled via train inside lead-lined cigarette box

Julian Borger in Tbilisi  

Highly enriched uranium that could be used to make a nuclear bomb is on sale on the black market along the fringes of the former Soviet Union, according to evidence emerging from a secret trial in Georgia.

Two Armenians, a businessman and a physicist, have pleaded guilty to smuggling highly enriched uranium (HEU) into Georgia in March, stashing it in a lead-lined package on a train from Yerevan to Tbilisi.

Georgia’s president, Mikheil Saakashvili, informed other heads of state of the sting operation at a nuclear summit in Washington in April, but no details about the case have been made public until now.  

USA

Now in Power, G.O.P. Vows Cuts in State Budgets



By MONICA DAVEY and MICHAEL LUO

Published: November 7, 2010


Republicans who have taken over state capitols across the country are promising to respond to crippling budget deficits with an array of cuts, among them proposals to reduce public workers’ benefits in Wisconsin, scale back social services in Maine and sell off state liquor stores in Pennsylvania, endangering the jobs of thousands of state workers. States face huge deficits, even after several grueling years of them, and just as billions of dollars in stimulus money from Washington is drying up.

For many businesses, 2010 midterm election campaign was a winner



By Dan Eggen and T.W. Farnam

Washington Post Staff Writers  


The 2010 election season was good for Design Cuisine of Arlington, which took in more than $500,000 in catering fees. The Bighorn Golf Club in Palm Desert, Calif., made about $50,000 holding Republican fundraisers.  And at Butterfield’s Golf Car Sales in Montvale, Va., owner David Helms rang up $300 in cart rentals for the campaign of Rep. Robert W. Goodlatte (R).

“That may pay for the light bill for about a week,” Helms said. “But we’ll certainly take it.”

Europe

Russian outrage over new attack on journalist



By Shaun Walker in Moscow Monday, 8 November 2010



The Russian authorities yesterday faced demands to prosecute the attackers of a journalist branded a “traitor” by a youth organisation linked to the country’s ruling party.

Oleg Kashin, 30, a reporter for the Kommersant daily, was set upon by two unknown assailants late on Friday. They apparently waited for him with a bunch of flowers outside the doorway of his apartment block in Moscow.

Mr Kashin, who covered youth political movements for the newspaper and was one of its best-known reporters, was beaten, leaving him with a broken leg and jaw and a fractured skull. He remained in an induced coma in a hospital in Moscow yesterday.

Pope denounces gay marriage and abortion in Spain

The Irish Times – Monday, November 8, 2010  

JANE WALKER in Madrid

POPE BENEDICT has denounced abortion and gay marriage, recently legalised in Spain, at a Mass to consecrate Barcelona’s Sagrada Familia church as a basilica in another criticism of what he called Spain’s “aggressive secularism”.

The service at the still unfinished building was attended by King Juan Carlos and Queen Sofia, but not by the prime minister.

Although Mass has been held in one of the crypts of the building in the past, yesterday’s Mass was the first to be celebrated in the newly consecrated main church nave.

Queen Sofia received communion from the pope, but King Juan Carlos did not. Three hundred priests emerged through the main door to distribute the Eucharist to the thousands of faithful in the streets outside.

Middle East

Police demolition of mosque incites riot as Israeli Arabs vow to rebuild

The Irish Times – Monday, November 8, 2010

MARK WEISS in Jerusalem

RIOTS ERUPTED at the weekend in the southern Israeli Arab city of Rahat as security forces destroyed a mosque.

Some 700 police in full riot gear used tear gas to disperse crowds who threw stones to try and prevent the demolition.

Residents observed a general strike yesterday in protest at the action, and large numbers of police remained in the Bedouin city of 52,000 last night to prevent fresh disturbances. Shortly after the demolition, residents began rebuilding the mosque.

Police claimed the mosque was constructed illegally with funds provided by the northern branch of Israel’s anti-Zionist Islamic movement. The destruction was carried out after a court ruled the building took place on state land without a permit.

Iraqi leaders expected to form government

Iraqi leaders are expected to announce a national unity government at the end of a conference of major political parties, heralding the end of an eight month period of stalemate since the general election in March.  

By Richard Spencer, Middle East Correspondent  

An upsurge in sectarian violence and growing anger over the payment of the world’s best parliamentary salaries to MPs that had met just once since the vote has put party leaders under increasing pressure to seal a power sharing deal.

A spokesman for Nouri al-Maliki, the serving prime minister, claimed an agreement had been struck for him to remain in office.

Iraqiya, his main opponents who won most seats in the March election, denied that names had been agreed for for individual posts.

Asia

Burma poll marked by threats and low turnout

Aung San Suu Kyi’s National League for Democracy opts out of taking part in election

By Andrew Buncombe and Phoebe Kennedy in Rangoon

Monday, 8 November 2010


Burma’s first election in 20 years was marked by low-turn out and reluctant voters yesterday as many people appeared to have decided there was little point participating in a poll considered skewed from the start.

In cities such as Rangoon, the former capital, turn-out may have been as little as 30 per cent, some sources said, despite threats from the military authorities that people could be jailed if they failed to vote. Armed police and troops were patrolling the streets.

China builds a ‘new Silk Road’ to pave over its troubles  

The restive Urumqi area of western China is being cemented to Beijing by a billion-dollar investment into rail, road and air links.  

By David Eimer in Urumqi  

The new Silk Road begins and ends in the bustle of the vast Hualing Wholesale Mall in Urumqi, the desert-ringed capital of Xinjiang Province in the far west of China. To the shoppers who flock here from the eight other countries that Xinjiang borders, it is a retail paradise where the prices are up to 100% cheaper than at home – be it for CD players and cookers or TVs and toys.

Now Beijing is planning a multi-billion dollar expansion of the province’s rail, road and air links, turning it into a key trading hub with central Asia, Russia and the Middle East – just as it was a thousand years ago when the Silk Road connected China to the outside world.

Africa

A lesson for Africa?  

If southern Sudan secedes from Khartoum it could send a message to other separatist groups on the continent.

Thembisa Fakude  

The past decade has seen the emergence of a number of new countries. But, with the exception of East Timor – which became the 21st century’s first new sovereign state on May 20, 2002 – they are all still struggling to gain full recognition.

So what motivates constituencies within states to opt for independence?

The reasons vary from place to place. In Eastern Europe, Russia and the countries neighbouring it came together to form the Union of Soviet Socialist Republics (USSR) largely for economic and military reasons. But after the establishment of the UN in 1945 and subsequent treaties guaranteeing security and peace, most countries within the USSR gradually started to denounce the union in favour of democratic and independent statehood. Repressive laws and adverse economic conditions further encouraged this.

Latin America

20 killed over weekend in Mexican border city

Seven were slain outside a home where people attended a party, Chihuahua state officials say. Eleven others were also killed Saturday, and two police officers were shot to death Sunday.

Associated Press

November 8, 2010


At least 20 people were killed in drug-gang violence over the weekend in this northern border city, including seven found dead outside one house.

The seven men were believed to have been at a family party when they were gunned down Saturday night, said Arturo Sandoval, a spokesman for the attorney general’s office in Chihuahua state, where Ciudad Juarez is located. Five were found dead in a car, and the other two were shot at the entrance http://

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