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.

Rachel Maddow: The GOP’s Disturbing New Norm

Glen Greenwald: They hate us for our occupations

In 2004, Defense Secretary Donald Rumsfeld commissioned a task force to study what causes Terrorism, and it concluded that “Muslims do not ‘hate our freedom,’ but rather, they hate our policies”:  specifically, “American direct intervention in the Muslim world”  through our “one sided support in favor of Israel”; support for Islamic tyrannies in places like Egypt and Saudi Arabia; and, most of all, “the American occupation of Iraq and Afghanistan” (the full report is here).  Now, a new, comprehensive study from Robert Pape, a University of Chicago political science professor and former Air Force lecturer, substantiates what is (a) already bleedingly obvious and (b) known to the U.S. Government for many years:  namely, that the prime cause of suicide bombings is not Hatred of Our Freedoms or Inherent Violence in Islamic Culture or a Desire for Worldwide Sharia Rule by Caliphate, but rather.  . . . foreign military occupations.

(emphasis mine)

Eugene Robinson: Can Obama deliver the black vote?

How the president looks on Election Day will depend in part on his ability to fire up the constituencies in the Democratic Party’s base. With different groups, he’s taking different approaches.

For progressives who have criticized his administration from the left, he has a stern lecture that might be paraphrased like this: “Come on, people, give us a break. Have you noticed that we don’t exactly have a liberal majority in Congress? Yet, look at all we’ve managed to accomplish.” For centrist Democrats who might have wanted him to spend more time on jobs and less on health care, Obama’s message is essentially apocalyptic, although it’s delivered in his customary no-drama way. Something like: “You’re right, things aren’t as great as we’d like. But just imagine the disaster if the Republicans take control of Capitol Hill.”

With African Americans, his appeal has been simpler and more direct: “I need you.” The response he gets from black voters may determine the outcome of some of November’s key races.

Joan Walsh: Playing fantasy politics

Why are Democrats pretending that spending on infrastructure has Republican support?

President Obama made a strong pitch for his $50 billion infrastructure proposal Monday morning, but against the backdrop of Paul Krugman’s “Hey, Small Spender” column  in the New York Times the same morning, it felt like too little, too late. The president brought along two Republicans, Transportation Secretary Ray LaHood as well as the man who had that job under George H.W. Bush, Samuel Skinner, harking back to a time when spending on roads, tunnels and bridges was a bipartisan issue. After all, congressional Republicans passed a record transportation bill after they took back Congress in 1994, right?

Those were different times. It’s no accident Obama dragged along a Republican from a 1980s White House. Now even New Jersey Gov. Chris Christie, touted by some as a pragmatist, is making a big show of canceling his state’s long-delayed rail-tunnel project. Republicans are rejecting infrastructure spending because they think it’s good politics to do so right now, and the fact that such spending creates jobs as well as builds or modernizes crucial public projects doesn’t seem to matter. In fact, the job-creation aspect of Obama’s infrastructure plans probably counts against it, as Republicans seem determined to block any effort to put Americans back to work if it could benefit Democrats politically.

Bob Herbert: ‘So Utterly Inhumane’

You have to believe that somebody really had it in for the Scott sisters, Jamie and Gladys. They have always insisted that they had nothing to do with a robbery that occurred near the small town of Forest, Miss., on Christmas Eve in 1993. It was not the kind of crime to cause a stir. No one was hurt and perhaps $11 was taken.

Jamie was 21 at the time and Gladys just 19. But what has happened to them takes your breath away.

They were convicted by a jury and handed the most draconian sentences imaginable – short of the death penalty. Each was sentenced to two consecutive life terms in state prison, and they have been imprisoned ever since. Jamie is now 38 and seriously ill. Both of her kidneys have failed. Gladys is 36.

This is Mississippi we’re talking about, a place that in many ways has not advanced much beyond the Middle Ages.

Paul Loeb: Stop the Anonymous Hit Men: Make Shadowy Campaign Money the Issue

I’ve been going door-to-door canvassing, and it’s not that bad — really. It’s actually kind of fun. But only because I’ve found a way to break through people’s cynicism.

No wonder people are cynical. Crashing from the sky-high hopes of two years ago, people are worried about jobs, the economy and their own uncertain futures, about the wars we’re bogged down in and the threats to our planet. They don’t like where America is headed, don’t like most politicians or candidates, and are often uncertain whether their vote even matters. But when I talked about the takeover of our politics by destructive corporate interests, culminating in the barrage of anonymous attack ads unleashed by the Supreme Court’s ghastly Citizens United decision, they quickly became willing to listen.

So I’m delighted the Democrats are finally hitting back at the US Chamber of Commerce and other Republican front groups for dumping millions of dollars of untraceable corporate contributions into the election, with the total likely to exceed $300 million. But the Democrats need to do more, and we do as well, as ordinary citizens. We need to make the buying of our democracy the salient issue of the coming election and beyond, because it affects everything else that we need to change.

Will Bunch: Palin, Beck, the Tea Party and the Big Lie About Saving “Children and Grandchildren”

We are going to protect our young, we are going to protect the next generation of Americans, so the Mama Grizzlies are growling, we are rising up on our hind legs and saying no, we are going to change course, we need that real hope, we need that real change.

— Sarah Palin, speaking this weekend to a Patriotic Gala Celebration in San Diego.

“…[C]hildren and grandchildren…”

During late 2009 and early 2010, I criss-crossed the country talking to the rank-and-file not just of the Tea Party Movement but the 9-12 Project, the Oath Keepers and others in the backlash movement that sprung from nowhere practically in the hours after President Barack Obama’s inauguration.

And there were days when it felt like if I collected a dime for every time a Tea Partier told me the main reason they threw themselves into the movement — spending seven hours in a dank arena listening to Glenn Beck and his pseudo-historian David Barton or marching against health care reform — was to save America for their “children and grandchildren,” I’d have enough cash to pay for my travels and maybe take in a couple of NHL hockey games with all the spare change.

On This Day in History: October 12

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

October 12 is the 285th day of the year (286th in leap years) in the Gregorian calendar. There are 80 days remaining until the end of the year.

On this day in 1810, Bavarian Crown Prince Louis, later King Louis I of Bavaria, marries Princess Therese von Sachsen-Hildburghausen. The Bavarian royalty invited the citizens of Munich to attend the festivities, held on the fields in front of the city gates. These famous public fields were named Theresienwiese-“Therese’s fields”-in honor of the crown princess; although locals have since abbreviated the name simply to the “Wies’n.” Horse races in the presence of the royal family concluded the popular event, celebrated in varying forms all across Bavaria.

Oktoberfest is a 16-18 day festival held each year in Munich, Bavaria, Germany, running from late September to the first weekend in October. It is one of the most famous events in Germany and the world’s largest fair, with more than 5 million people attending every year. The Oktoberfest is an important part of Bavarian culture. Other cities across the world also hold Oktoberfest celebrations, modelled after the Munich event.

The Munich Oktoberfest, traditionally, takes place during the sixteen days up to and including the first Sunday in October. In 1994, the schedule was modified in response to German reunification so that if the first Sunday in October falls on the 1st or 2nd, then the festival will go on until October 3 (German Unity Day). Thus, the festival is now 17 days when the first Sunday is October 2 and 18 days when it is October 1. In 2010, the festival lasts until the first Monday in October, to mark the 200-year anniversary of the event. The festival is held in an area named the Theresienwiese (field, or meadow, of Therese), often called Wiesn for short, located near Munich’s centre.

Visitors eat huge amounts of traditional hearty fare such as Hendl (chicken), Schweinsbraten (roast pork), Schweinshaxe (ham hock), Steckerlfisch (grilled fish on a stick), Würstl (sausages) along with Brezn (Pretzel), Knödel (potato or bread dumplings), Kasspatzn (cheese noodles), Reiberdatschi (potato pancakes), Sauerkraut or Blaukraut (red cabbage) along with such Bavarian delicacies as Obatzda (a spiced cheese-butter spread) and Weisswurst (a white sausage).

First hundred years

In the year 1811, an agricultural show was added to boost Bavarian agriculture. The horse race persisted until 1960, the agricultural show still exists and it is held every four years on the southern part of the festival grounds. In 1816, carnival booths appeared; the main prizes were silver, porcelain, and jewelry. The founding citizens of Munich assumed responsibility for festival management in 1819, and it was agreed that the Oktoberfest would become an annual event. Later, it was lengthened and the date pushed forward, the reason being that days are longer and warmer at the end of September.

To honour the marriage of King Ludwig I and Therese of Bavaria, a parade took place for the first time in 1835. Since 1850, this has become a yearly event and an important component of the Oktoberfest. 8,000 people-mostly from Bavaria-in traditional costumes walk from Maximilian Street, through the centre of Munich, to the Oktoberfest. The march is led by the Münchner Kindl.

Since 1850, the statue of Bavaria has watched the Oktoberfest. This worldly Bavarian patron was first sketched by Leo von Klenze in a classic style and Ludwig Michael Schwanthaler romanticised and “Germanised” the draft; it was constructed by Johann Baptist Stiglmaier and Ferdinand von Miller.

In 1853, the Bavarian Ruhmeshalle was finished. In 1854, 3,000 residents of Munich succumbed to an epidemic of cholera, so the festival was cancelled. Also, in the year 1866, there was no Oktoberfest as Bavaria fought in the Austro-Prussian War. In 1870, the Franco-Prussian war was the reason for cancellation of the festival. In 1873, the festival was once more cancelled due to a cholera epidemic. In 1880, the electric light illuminated over 400 booths and tents (Albert Einstein helped install light bulbs in the Schottenhamel tent as an apprentice in his uncle’s electricity business in 1896). In 1881, booths selling bratwursts opened. Beer was first served in glass mugs in 1892.

At the end of the 19th century, a re-organization took place. Until then, there were games of skittles, large dance floors, and trees for climbing in the beer booths. They wanted more room for guests and musicians. The booths became beer halls.

In 1887, the Entry of the Oktoberfest Staff and Breweries took place for the first time. This event showcases the splendidly decorated horse teams of the breweries and the bands that play in the festival tents. This event always takes place on the first Saturday of the Oktoberfest and symbolises the official prelude to the Oktoberfest celebration

In the year 1910, Oktoberfest celebrated its 100th birthday. 120,000 litres of beer were poured. In 1913, the Braurosl was founded, which was the largest Oktoberfest beer tent of all time, with room for about 12,000 guests.

I have very fond memories of Oktoberfest. If you ever have the opportunity to visit Europe, do it in late September because this is a must see and experience.

 539 BC – The army of Cyrus the Great of Persia takes Babylon.

1216 – King John of England loses his crown jewels in The Wash, probably near Fosdyke, perhaps near Sutton Bridge

1279 – Nichiren, a Japanese Buddhist monk founder of Nichiren Buddhism, inscribes the Dai-Gohonzon

1398 – The Treaty of Salynas is signed between Grand Duke of Lithuania Vytautas the Great and the Teutonic Knights, who received Samogitia.

1492 – Christopher Columbus’s expedition makes landfall in the Caribbean, specifically in The Bahamas. The explorer believes he has reached South Asia

1582 – Because of the implementation of the Gregorian calendar this day does not exist in this year in Italy, Poland, Portugal and Spain.

1654 – The Delft Explosion devastates the city in the Netherlands, killing more than 100 people.

1692 – The Salem Witch Trials are ended by a letter from Massachusetts Governor William Phips.

1773 – America’s first insane asylum opens for ‘Persons of Insane and Disordered Minds’ in Virginia

1792 – First celebration of Columbus Day in the USA held in New York

1793 – The cornerstone of Old East, the oldest state university building in the United States, is laid on the campus of the University of North Carolina

1810 – First Oktoberfest: The Bavarian royalty invites the citizens of Munich to join the celebration of the marriage of Crown Prince Ludwig of Bavaria to Princess Therese von Sachsen-Hildburghausen

1822 – Peter I of Brazil is proclaimed the emperor of the Brazil

1823 – Charles Macintosh, of Scotland, sells the first raincoat.

1871 – Criminal Tribes Act (CTA) enacted by British rule in India, which named over 160 local communities ‘Criminal Tribes’, i.e. hereditary criminals. Repealed in 1949, after Independence of India.

1892 – The Pledge of Allegiance is first recited by students in many US public schools, as part of a celebration marking the 400th anniversary of Columbus’s voyage.

1901 – President Theodore Roosevelt officially renames the “Executive Mansion” to the White House.

1915 – World War I: British nurse Edith Cavell is executed by a German firing squad for helping Allied soldiers escape from Belgium

1917 – World War I: The First Battle of Passchendaele takes place resulting in the largest single day loss of life in New Zealand history.

1918 – A massive forest fire kills 453 people in Minnesota.

1928 – An iron lung respirator is used for the first time at Children’s Hospital, Boston

1933 – The United States Army Disciplinary Barracks on Alcatraz Island, is acquired by the United States Department of Justice

1942 – World War II: Japanese ships retreat after their defeat in the Battle of Cape Esperance with the Japanese commander, Aritomo Goto dying from wounds suffered in the battle and two Japanese destroyers sunk by Allied air attack.

1945 – World War II: Desmond Doss is the first conscientious objector to receive the U.S. Medal of Honor.

1953 – “The Caine Mutiny Court Martial” opens at Plymouth Theatre, New York

1959 – At the national congress of APRA in Peru a group of leftist radicals are expelled from the party. They will later form APRA Rebelde.

1960 – Cold War: Nikita Khrushchev pounds his shoe on a desk at United Nations General Assembly meeting to protest a Philippine assertion of Soviet Union colonial policy being conducted in Eastern Europe

1960 – Inejiro Asanuma, Chair of the Japanese Socialist Party, is assassinated in Japan by Otoya Yamaguchi, a 17-year-old. The cameras were rolling at the time, so the moment was caught on film.

1962 – Infamous Columbus Day Storm strikes the U.S. Pacific Northwest with record wind velocities; 46 dead and at least U.S. $230 million in damages

1964 – The Soviet Union launches the Voskhod 1 into Earth orbit as the first spacecraft with a multi-person crew and the first flight without space suits

1967 – Vietnam War: US Secretary of State Dean Rusk states during a news conference that proposals by the U.S. Congress for peace initiatives are futile because of North Vietnam’s opposition

1968 – Equatorial Guinea becomes independent from Spain

1970 – Vietnam War: US President Richard Nixon announces that the United States will withdraw 40,000 more troops before Christmas

1972 – En route to the Gulf of Tonkin, a racial brawl involving more than 100 sailors breaks out aboard the United States Navy aircraft carrier USS Kitty Hawk

1976 – The People’s Republic of China announces that Hua Guofeng is the successor to the late Mao Zedong as chairman of Communist Party of China.

1979 – The Hitchhiker’s Guide to the Galaxy, the first of five books in the Hitchhiker’s Guide to the Galaxy comedy science fiction series by Douglas Adams is published.

1979 – The lowest recorded non-tornadic atmospheric pressure, 87.0 kPa (870 mbar or 25.69 inHg), occurred in the Western Pacific during Typhoon Tip.

1983 – Japan’s former Prime Minister Tanaka Kakuei is found guilty of taking a $2 million bribe from Lockheed and is sentenced to 4 years in jail.

1984 – Brighton hotel bombing: The Provisional Irish Republican Army attempt to assassinate Prime Minister Margaret Thatcher and her cabinet. Thatcher escapes but the bomb kills five people and wounds 31.

1986 – Elizabeth II of the United Kingdom and Prince Philip, Duke of Edinburgh visit the People’s Republic of China

1988 – Jaffna University Helidrop: Commandos of Indian Peace Keeping Force raided the Jaffna University campus to capture the LTTE chief and walked into a trap.

1988 – Two officers of the Victoria Police are gunned down executional style in the Walsh Street police shootings, Australia.

1991 – Askar Akayev, previously chosen President of Kyrgyzstan by republic’s Supreme Soviet, is confirmed president in an uncontested poll.

1994 – NASA loses radio contact with the Magellan spacecraft as the probe descends into the thick atmosphere of Venus (the spacecraft presumably burned up in the atmosphere either October 13 or October 14).

1997 – Sidi Daoud massacre in Algeria; 43 killed at a fake roadblock.

1999 – Pervez Musharraf takes power in Pakistan from Nawaz Sharif through a bloodless coup.

1999 – The Day of Six Billion: The proclaimed 6 billionth living human in the world is born.

2000 – The USS Cole is badly damaged in Aden, Yemen, by two suicide bombers, killing 17 crew members and wounding at least 39

2002 – Terrorists detonate bombs in Paddy’s Pub and the Sari Club in Kuta, Bali, killing 202 and wounding over 300.

2005 – The second Chinese human spaceflight Shenzhou 6 launched carrying Fei Junlong and Nie Haishèng for five days in orbit.

Morning Shinbun Tuesday October 12




Tuesday’s Headlines:

Brazil eyes microchips for forest management

USA

Offshore Wind Power Line Wins Praise, and Backing

Families, veterans call operation name on Arlington headstones propaganda move

Europe

Irish police find explosives and arms dump in blow to dissident republicans

Money speaks louder than hollow EU praise for Chinese activist

Middle East

Basra in southern Iraq has been transformed – thanks to oil

Iran apparently arrests son of woman sentenced to stoning, group says

Asia

Pakistan aid workers in row with US over Stars and Stripes ‘logo’

South Korea’s Lee expects Kim Jong-un to rule North Korea

Africa

Uganda customs impounds Museveni biography

African journalists tasked on climate change

Latin America

Chilean miners face struggle after rescue

Chile prepares for attempt to rescue 33 miners

An attempt to rescue 33 miners trapped underground in Chile will begin at midnight on Tuesday (0300 GMT), Mining Minister Laurence Golborne has said.  

The BBC  12 October 2010

A test of the steel rescue capsule was earlier carried out successfully, descending almost the whole way down a 622m (2,040ft) shaft, engineers said.

The men were trapped in the San Jose mine by a tunnel collapse on 5 August.

Correspondents say there is a sense of excitement on the surface, with the miners’ families counting the hours.

Journalists have flocked to the mine from all over the world to see the freed men emerge from their two-month ordeal.

Brazil eyes microchips for forest management

Tracking system has potential to be big step forward in protecting Amazon

By Brian Ellsworth

NOVA MUTUM, Brazil – A chainsaw buzzes, branches snap, and an Amazon tree crashes to the ground.

It could be just another of the thousands of trees felled each year in Brazil’s portion of the world’s largest forest except for one detail: a microchip attached to its base holding data about its location, size and who cut it down.

With a hand-held device, forestry engineer Paulo Borges pulls up the tree’s vital statistics from the chip — a 14-meter-high (46-foot) tree known as a “mandiocao” cut down in Mato Grosso state, the southern edge of the Amazon where the forest has largely been cleared to create farmland.

USA

Offshore Wind Power Line Wins Praise, and Backing

 

By MATTHEW L. WALD

Published: October 12, 2010


WASHINGTON – Google and a New York financial firm have each agreed to invest heavily in a proposed $5 billion transmission backbone for future offshore wind farms along the Atlantic Seaboard that could ultimately transform the region’s electrical map.

The 350-mile underwater spine, which could remove some critical obstacles to wind power development, has stirred excitement among investors, government officials and environmentalists who have been briefed on it.

Google and Good Energies, an investment firm specializing in renewable energy, have each agreed to take 37.5 percent of the equity portion of the project. They are likely to bring in additional investors, which would reduce their stakes.

Families, veterans call operation name on Arlington headstones propaganda move

 

By Christian Davenport

Washington Post Staff Writer    


Along the meticulously spaced rows of graves at Arlington National Cemetery, the names of the nation’s wars are clearly etched into the headstones: World War I, World War II, Vietnam, Korea, the Persian Gulf.

Soon, a new inscription for troops killed in Iraq could appear: “Operation New Dawn.”

Unlike in past conflicts, the overwhelming majority of headstones for veterans of Iraq and Afghanistan at the nation’s most hallowed military burial ground use the military’s official names for those conflicts: Operation Enduring Freedom for Afghanistan, Operation Iraqi Freedom for Iraq. As of Sept. 1, Operation Iraqi Freedom has been rebranded Operation New Dawn.

Europe

Irish police find explosives and arms dump in blow to dissident republicans

Assorted weaponry including bomb-making equipment was found in a wooded area near the town of Dunleer

Henry McDonald

The Guardian, Tuesday 12 October 2010


A dissident republican explosives and arms dump has been uncovered in the Irish Republic, the Garda Síochána confirmed last night.

During searches in County Louth Garda officers found a homemade mortar, three kilos of TNT, bomb-making equipment, a pipe bomb, a general purpose machine gun and ammunition.

The weaponry was found in a wooded area near the town of Dunleer and is the second major blow to the anti-ceasefire republicans over the last few days. Eight suspected dissident republicans were freed on Sunday after a number of arrests across the Republic.

Money speaks louder than hollow EU praise for Chinese activist

EUROPEAN DIARY: Plaudits for Nobel Peace Prize winner Liu Xiaobo reflected the EU’s desire to avoid offending China, writes  

ARTHUR BEESLEY  

JOSÉ MANUEL Barroso, chief of the EU Commission, was quick from the traps when the Nobel Peace Prize went to Liu Xiaobo, the Chinese democracy campaigner. The award was a strong message of support to all who struggle for freedom and human rights, he said.

Liu, a writer, is serving an 11-year prison sentence for subversion. Absent from Barroso’s statement was any plea for Liu’s release from the tiny cell he shares with five ordinary criminals in a provincial jail.

When EU foreign policy chief Catherine Ashton sent her congratulations it was the same. The baroness simply said she hoped Liu “will be able to receive his prize in person”.

Middle East

Basra in southern Iraq has been transformed – thanks to oil

The violence in the city is on the wane, and is being replaced by shops, cars and fun parks

Martin Chulov in Basra

guardian.co.uk, Monday 11 October 2010 21.00 BST


For the five years that British forces camped on the Basra air base, the nearby city that they came to liberate remained a lethal tinderbox. Militias ran rampant; residents cowered. Services were medieval.

But a drive through Basra in mid-2010 reveals an entirely different picture. The despairing sprawl British forces left behind 16 months ago is now heaving with new money. Wide boulevards, once scarred with bomb craters and decades of putrid refuse are now full of new cars and touts hawking trinkets.

Three weeks ago something happened that few in Basra thought they would ever see – the reopening of the city’s most recognisable landmark, the giant hotel dubbed the Sheraton, that has stood in ruin since April 2003.

Iran apparently arrests son of woman sentenced to stoning, group says



From Mitra Mobasherat, CNN

October 12, 2010  


The son and lawyer of an Iranian woman sentenced earlier this year to death by stoning appear to have been arrested in Tabriz, Iran, a spokeswoman for the International Committee Against Stoning said Monday.

Two German journalists who were conducting interviews with the men at the time also were arrested, Mina Ahadi told CNN.

Iran’s prosecutor general, Gholam-Hossein Mohseni-Ejei, confirmed to the official Islamic Republic News Agency on Monday that two foreign nationals had been arrested, though he did not specify what country they are from.

Asia

Pakistan aid workers in row with US over Stars and Stripes ‘logo’

Aid workers in flood-devastated Pakistan face the threat of terrorist attacks if the US does not back down on a policy that requires them to use a Stars and Stripes logo on American-funded assistance, according to a letter signed by 11 charities.

Rob Crilly in Islamabad  

Oxfam, Save The Children, World Vision and Care International are among the groups which have written to officials in Washington warning that the US policy of “branding” aid jeopardises their neutrality in a country riddled with anti-American militants.

Charities receiving US funding received a reminder of their obligation last month after the visit of Richard Holbrooke, US special representative to Pakistan. He expressed his frustration that the US was not getting the credit it deserved as he toured aid camps.

Some say privately would rather give up millions of dollars in funding than risk the safety of their staff and the people who receive the aid.

A draft of the letter, seen by The Daily Telegraph, insists that aid must not be seen to “promote a political agenda”

South Korea’s Lee expects Kim Jong-un to rule North Korea

South Korean President Lee Myung-bak told a gathering of reporters that dynastic succession in North Korea for Kim Jong-un appears assured.

By Donald Kirk, Correspondent / October 11, 2010

Seoul

South Korean President Lee Myung-bak is quite sure of one thing after watching a broadcast of the biggest parade in North Korean history.

“It seems quite clear North Korean leadership is now entering officially into the third generation of Kim rule,” he said Monday, the day after the Pyongyang parade at which North Korean leader Kim Jong-il appeared on the reviewing stand with son and heir Kim Jong-un beside him. South Korea’s government “will be watching very closely whatever transpires in North Korea.”

As far as Mr. Lee is concerned, the Kim dynasty, founded by Kim Jong-il’s father Kim Il-sung and dominated by him for nearly half a century before he died in 1994, will have to demonstrate goodwill toward its own people and the rest of the world before his government willrush to its aid.

Africa

Uganda customs impounds Museveni biography

Ugandan authorities impounded 500 copies of a new book critical of President Yoweri Museveni to investigate whether the content could cause “social disorder”, an official told Agence France-Presse on Monday

KAMPALA, UGANDA

Copies of The Correct Line? Uganda under Museveni had been shipped from a UK publisher last Tuesday. The book is authored by Olive Kobusingye, whose brother, Kizza Besigye, is challenging Museveni in elections next year.

“I wouldn’t call it confiscation,” said Sarah Birungi Banage, spokesperson for the Uganda Revenue Authority (URA), confirming the customs department has taken possession of the texts.

“Under customs law we have the right to investigate what kind of material is in the book and whether it will cause social disorder.”

Banage added that while URA is conducting its own investigation, “police have also taken an interest in the books”.

African journalists tasked on climate change

 

TUESDAY, 12 OCTOBER 2010 00:00 FROM KAMAL TAYO OROPO, ADDIS ABABA  

THE challenges posed by climate change to ordinary livelihoods in Africa are too acute to deserve the patchy coverage the African media give the phenomenon, some 40 African journalists concluded at the seventh African Development Forum (ADF) in Addis Ababa, Ethiopia.

The pre-ADF media training workshop, held at the conference Hall of the United Nations headquarters, ended at the weekend with experts’ submitting in one voice that there was an urgent need for more awareness on the dangers of climate change.

However, The Guardian discovered that opinion is  divided on the level of financial commitment towards alleviating dangers posed to the environment by climate change, especially on the African continent.

Latin America

Chilean miners face struggle after rescue

 

October 12, 2010 – 6:06AM

The Chilean miners who have survived more than two months underground will emerge forever changed and may struggle to return to normal life, psychologists warned as the rescue approached.

Rescue teams were set to start hoisting up the first of 33 miners, trapped down around 700 metres, to the surface around midnight on Tuesday (1400 AEDT Wednesday), Mines Minister Laurence Golborne said.

Some of the miners, who spent 17 days cut off from the outside world before making contact, are likely to emerge stronger, while others could be more fragile, but all will be changed, psychologists said

Ignoring Asia A Blog  

Not Just Foreclosures!

Do you want to buy the Brooklyn Bridge?

Special today just for you.

If there is one single simple message I want you to take away from my writing about this issue, IT’S NOT JUST FORECLOSURES!

Every transfer of real estate from a seller to a buyer involves a title search which includes little things like just what are the boundaries of the property AND WHO OWNS IT!

If you pay cash, who owns “your” property is perfectly clear (usually) but we don’t customarily hand over wheel barrows of bills or even cut a check.

Usually you purchase by financing and share your title with a bank which has the right to seize your property if you don’t make the payments specified in your contract.  You’ll also be expected to pay for “title insurance”.  This protects the bank’s investment if it is later discovered that the person who sold it to to you has about as much right to sell it as I have to sell you the Brooklyn Bridge (you set a hard bargain, how about just what you have in your pocket right now?).  You, on the other hand, won’t get much satisfaction from it.

Now if you don’t pay the bank they take your property and sell it.  That’s foreclosure.  But what if you are paying the bank and have a better offer come along?

Well, normally you could just pay the bank what you owe (including the penalties in the fine print that they use to make this difficult and expensive for you and profitable for them) and accept the money from the new purchaser and transfer the title.

You found a sucker who’s willing to buy the Brooklyn Bridge for more than you paid me?  Congratulations Gordon Gekko.  Greed is good.

On the other hand, what has happened if you have financed or re-financed in the last 10 years is that your title (even supposing I had a legitimate claim to the Brooklyn Bridge because it was built on and with the bones of my Viking Ancestors) has been sliced and diced into so many pieces that the banks can’t track it anymore.

You can’t sell your property because you don’t have clear title.

Anyone who buys property at the moment is no better than a rube who’d buy the Brooklyn Bridge if the price was right, and this is ALL property.  That there is a market at all is a testimony to how many rubes are born every minute.

Now me, I have the $6.45 you had in your pocket which I’ve already invested in a bottle of Night Train so I can sleep under my bridge.

Your government, Barack Hussein Obama and all his Washington Wall Street Wizard Advisors, think that if they can just keep you from peeking at that man behind the curtain you’ll always find a sucker to sell to, but the title insurance companies aren’t buying it.

Nor should you.

The Downward Spiral of a Great Nation

(10 am. – promoted by ek hornbeck)

I need not say more

Glen Greenwald: Collapsing Empire Watch

t’s easy to say and easy to document, but quite difficult to really internalize, that the United States is in the process of imperial collapse.  Every now and then, however, one encounters certain facts which compellingly and viscerally highlight how real that is.  Here’s the latest such fact, from a new study in Health Affairs by Columbia Health Policy Professors Peter A. Muennig and Sherry A. Glied (h/t):

   

In 1950, the United States was fifth among the leading industrialized nations with respect to female life expectancy at birth, surpassed only by Sweden, Norway, Australia, and the Netherlands.  The last available measure of female life expectancy had the United States ranked at forty-sixth in the world.  As of September 23, 2010, the United States ranked forty-ninth for both male and female life expectancy combined.

. . .

There is, however, some good news:  the U.S. is now in fifth place in total number of executions, behind only China, Iran, Iraq and Saudi Arabia, and comfortably ahead of Yemen and Sudan, while there are two categories in which the U.S. has been and remains the undisputed champion of the world — this one and this one.

And the rich get richer one life at a time

Barack Hussein Obama: Fierce Advocate!

Miami Thrice: DCCC to Gay Iraq Vet, "Your Money’s No Good Here"

By: Teddy Partridge Monday October 11, 2010 4:55 pm

Your money’s no good here, sir: seems to cover it. Anthony Woods was good enough to get sent to Harvard by the military, good enough to lead men in battle in Iraq, and good enough to admit to West Point. But his money’s no good to the Democrats who won’t repeal DADT. And the President who won’t issue a stop/loss order to suspend DADT discharges can’t even face Anthony Woods man-to-man.

Or perhaps this black gay man was unwelcome in NBA superstar Alonzo Mourning’s home.

Well, then – my money is no good either. I’ll give when I get Equal, too.

More posts by Teddy about today’s protests at the Barack Obama/Alonzo Mourning Miami Fundraiser.

Coverage from Americablog Gay-

Prime Time

Mostly premiers on broadcast.  Let’s check our brackets shall we?  Yankees and Phillies sweep.  The Braves’ third string 2nd baseman has error problems and will sit, which is probably the best thing for both him and the team.  He’s not really the problem anyway, it’s that the Braves’ offense has sucked.  The Rangers can’t possibly prove what great choke artists they are tonight since they’re not playing until tomorrow.  The Braves could lose it all though on TBS.  Should the Rays and the Giants win against my expectations I just don’t think they pose any problems the Yankees and Phillies can’t solve in a 7 game series.

But it’s only sports folks, a diversion from the fact that the title to your house is fraudulent and all those Collateralized Mortgage Obligations and derivatives the banks are basing their balance sheets on worthless.

It’s not just foreclosures, it’s every piece of property in the United States and collectively they are the single largest asset in the entire world financial system.

Still, while we’re waiting for Armageddon at least we have 3rd rate entertainment to divert us from our imminent destruction.

Later-

Dave hosts Jim Parsons, Geoffrey Canada, Mark Ronson and the Business Intl. with Q-Tip and MNDR.  Jon has Johnny Knoxville (idiot), Stephen Robert Reich (which might be interesting, but he’s basically pitching his book).  Double down Alton, Tempura fry and Chicken fry.

BoondocksA Date With the Health Inspector.

Anyone getting Hub Network?  They’re featuring Laverne & Shirley and Adam West, Burt Ward Batman.

I don’t like your manners.

And I’m not crazy about yours. I didn’t ask to see you. I don’t mind if you don’t like my manners, I don’t like them myself. They are pretty bad. I grieve over them on long winter evenings. I don’t mind your ritzing me drinking your lunch out of a bottle. But don’t waste your time trying to cross-examine me.

There will come a time when you have a chance to do the right thing.

I love those moments. I like to wave at them as they pass by.

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 British hostage may have been killed by US grenade: Cameron

by Danny Kemp, AFP

29 mins ago

LONDON (AFP) – A British aid worker who died in an attempt to rescue her from her Taliban kidnappers in Afghanistan may have been killed by a grenade detonated by US troops, Prime Minister David Cameron said Monday.

Linda Norgrove, 36, was abducted on September 26 in eastern Afghanistan and killed in the failed US-led operation on Friday. British officials had earlier said she died when one of her captors blew up a suicide vest.

Cameron said an immediate investigation had been launched into Norgrove’s death but he defended the attempt to rescue her, saying that she had been in “grave danger” from the moment she was captured.

2 US treats first patient with human embryonic stem cells

by Karin Zeitvogel, AFP

25 mins ago

WASHINGTON (AFP) – US doctors have begun the first tests of human embryonic stem cells in patients, treating a man with spinal cord injuries in a landmark trial of the controversial process, the Geron Corporation said Monday.

The patient began the pioneering treatment Friday with Geron’s GRNOPC1 human embryonic stem cells at the Shepherd Center in Atlanta, Georgia, a spokeswoman for the hospital told AFP.

She declined, however, to give more details, citing patient privacy.

3 Hopes and fears as Chile miners prepare for rescue

by Paulina Abramovich, AFP

2 hrs 27 mins ago

SAN JOSE MINE, Chile (AFP) – Tensions were rising Monday as a risky operation to bring 33 miners back to the surface was set to begin within hours, ending a two-month nightmare for the men trapped deep in a Chilean mine.

“We hope to begin the rescue process from midnight” Tuesday, Mines Minister Laurence Golborne told reporters. “It would be wonderful if it was a little bit earlier, but we will take all the time we need.”

He was speaking after announcing that engineers had successfully completed the first dry run of a specially designed rescue capsule which will be used to bring the men to the surface one-by-one.

4 Trio of labour market specialists wins 2010 Economics prize

by Rita Devlin Marier, AFP

30 mins ago

STOCKHOLM (AFP) – Three labour market experts, including one blocked for a top post at the US Federal Reserve, won the 2010 Nobel Economics Prize on Monday for research that has had an impact on employment reforms around the world.

The Nobel jury said the work of Peter Diamond and Dale Mortensen of the United States and British-Cypriot Christopher Pissarides helped resolve puzzles such as why people remained unemployed despite a large number of job openings.

It lauded the three economists “for their analysis of markets with search frictions,” which helps explain how unemployment, job vacancies and wages are affected by regulation and economic policy.

5 Microsoft unveils new mobile platform, Windows Phone 7

by Charlotte Raab, AFP

1 hr 32 mins ago

NEW YORK (AFP) – Microsoft unveiled a new mobile phone operating system Monday in a bid to claw back lost market share from the iPhone, Blackberry and devices powered by Google’s Android software.

Microsoft chief executive Steve Ballmer took the wraps off nine mobile phones powered by Windows Phone 7 (WP7) during an event held at a loft in New York’s Chelsea neighborhood.

Ballmer said more than 60 mobile operators around the world will offer the devices, made by South Korea’s Samsung and LG Electronics, Taiwan’s HTC and US computer giant Dell, in more than 30 countries.

6 World champ Hooker on top, India win historic gold

by Martin Parry, AFP

Mon Oct 11, 1:06 pm ET

NEW DELHI (AFP) – Australia’s world pole vault champion Steve Hooker claimed Commonwealth gold on Monday while Richard Mateelong upstaged his more illustrious Kenyan countrymen to win the 3,000m steeplechase title.

On a day overshadowed by the Games’ first positive drugs test, India pulled off a stunning clean sweep in the discus, winning the country’s first athletics gold in 52 years and only their second ever.

Kenya’s Nancy Langat, meanwhile, bagged a 800-1500m double when she powered to the shorter distance gold medal, making the most of the absence of world champion Caster Semenya.

7 An aria with your pint? London pub gives opera a new look

by Alice Ritchie, AFP

Mon Oct 11, 10:07 am ET

LONDON (AFP) – “Figaro, Figaro, Figaro!” sang the baritone in the opening scene of ‘The Barber of Seville’, as the 120-strong audience looked on rapt, sipping their beers.

A new English translation of Rossini’s comic opera opened this week in an unlikely venue — the back room of a north London pub, which has become the British capital’s first new opera house in more than 40 years.

It is at the vanguard of a drive to make opera more accessible to those who think it is stuffy and only for the rich, by staging shows in intimate venues for a fraction of the price charged in the palatial theatres of Covent Garden.

8 First arrest in Hungarian toxic mud disaster

by Geza Molnar, AFP

Mon Oct 11, 11:51 am ET

BUDAPEST (AFP) – Hungarian police on Monday arrested the managing director of the company at the centre of a toxic sludge disaster, as the body of the last missing person was recovered, bringing the death toll to eight.

The National Investigation Office said in a statement it had “taken into custody Zoltan B., the managing director of MAL ZRT, for interrogation in connection with the mud disaster that caused the death of a number of people.”

According to the website of MAL Hungarian Aluminium Production and Trade Company, its managing director is Zoltan Bakonyi.

9 Hungary completes toxic flood dam

by Geza Molnar, AFP

Mon Oct 11, 10:31 am ET

BUDAPEST (AFP) – Engineers put the finishes touches on Monday to a new dam around a ruptured reservoir to prevent a new wave of toxic sludge from swamping already devastated villages in the west of Hungary.

There is still no estimate of the total cost of the damage caused by the spill, which officials describe as the worst-ever in the country and an “ecological catastrophe”. But a top government official warned the reservoir’s owners could face fines of up to 73 million euros (102 million dollars).

“The new dam is 70 percent completed” and should be finished on Monday evening, the head of the disaster relief services, Tibor Dobson, told AFP.

10 ‘Alarming’ numbers go hungry in 25 countries: report

by Karin Zeitvogel, AFP

2 hrs 23 mins ago

WASHINGTON (AFP) – Poverty, conflict and political instability caused some billion people to go hungry this year, many of them children in Africa and Asia, according to the Global Hunger Index report released Monday.

Out of 122 countries included in the annual report, 25 have “alarming” levels of hunger and four countries in Africa have “extremely alarming” hunger, said the report by the International Food Policy Research Institute (IFPRI), Concern Worldwide and Welthungerhilfe.

The results did not surprise researchers, who pointed to data by the Food and Agriculture Organization of the United Nations that found the overall number of hungry people surpassed one billion in 2009, even though it decreased to 925 million in 2010.

11 Policeman jailed for murder that sparked Greek riots

AFP

Mon Oct 11, 11:41 am ET

AMFISSA, Greece (AFP) – A court in Greece jailed a policeman for life on Monday after finding him guilty of the murder of a 15-year-old schoolboy in a shooting that sparked nationwide riots nearly two years ago.

Epaminondas Korkoneas, 38, was convicted of culpable homicide by a court in the town of Amfissa over the killing of Alexis Grigoropoulos during a December 2008 night patrol in the Athens district of Exarchia.

The panel of three judges and four jury also found Korkoneas’s patrol partner Vassilios Saraliotis, 32, guilty of complicity in the crime. He was sentenced to 10 years in prison.

12 New Mandela memoir shows personal notes from living legend

by Griffin Shea, AFP

Mon Oct 11, 10:33 am ET

JOHANNESBURG (AFP) – Nelson Mandela agonised over the suffering caused to his family by his struggle against white rule in South Africa, according to an intimate portrait painted by personal letters and diaries.

Correspondence, personal notes and hours of recordings will be published Tuesday in 22 countries and 20 languages in “Conversations with Myself”, which was compiled by the Nelson Mandela Foundation and includes a foreword from US President Barack Obama.

Much of the book is based on an unpublished autobiography that would have been a sequel to his world-famous 1995 “Long Walk to Freedom”, including his musings on life as South Africa’s first black president.

13 Liu dedicates Nobel prize to Tiananmen victims

by Robert Saiget, AFP

Mon Oct 11, 9:45 am ET

BEIJING (AFP) – Chinese Nobel Peace laureate Liu Xiaobo has tearfully dedicated his award to victims of the 1989 Tiananmen Square crackdown, activists said, as his wife was held under house arrest on Monday.

“This award is for the lost souls of June Fourth,” the US-based group Human Rights in China quoted Liu Xiaobo as telling his wife Liu Xia, referring to the bloody June 4, 1989 crackdown on democracy protests at the vast Beijing square.

The 54-year-old writer, who was jailed for 11 years in December after authoring a bold petition calling for democratic reforms, was awarded the prize by the Oslo-based committee Friday, sparking a furious reaction from Beijing.

14 Nationalists edge landmark Kyrgyzstan polls

by Tolkun Namatbayeva, AFP

Mon Oct 11, 9:01 am ET

BISHKEK (AFP) – Nationalists unexpectedly emerged on Monday as the strongest force in Kyrgyzstan’s closely-fought elections, hailed as the first truly democratic polls in the former Soviet Central Asia republics.

The country awaited coalition bartering between five parties set to win parliament seats following the highly competitive polls, a scenario unknown in a region of powerful presidents and rubber-stamp parliaments.

The emergence of the virulently nationalist Ata-Zhurt party — whose leader has warned non-ethnic Kyrgyz citizens not to expect equal rights — was a surprise and came amid concerns of a resurgence of year’s deadly ethnic unrest.

15 Rescuers may have killed UK Afghan aid worker

By Tim Castle, Reuters

2 hrs 18 mins ago

LONDON (Reuters) – A British hostage who died in Afghanistan on Friday during a U.S.-led rescue mission may have been accidentally killed by the troops trying to save her, British Prime Minister David Cameron said on Monday.

Linda Norgrove, 36, who worked for a U.S. aid group, had been abducted on September 26 along with three Afghan co-workers when they visited a project in a remote part of Kunar province, a lawless region bordering Pakistan.

Britain’s Foreign Office had said on Saturday that Norgrove had been killed by her captors during a failed rescue attempt.

16 NY governor race awhirl after Paladino remarks on gays

By Ellen Wulfhorst, Reuters

1 hr 27 mins ago

NEW YORK (Reuters) – New York’s race for governor erupted in a storm over gay rights and calls for tolerance on Monday after comments by the Republican candidate that children should not be “brainwashed into thinking that homosexuality is an equally valid and successful option.”

Tea Party-backed Carl Paladino’s remarks before a group of Orthodox Jewish leaders, where he criticized his Democratic opponent Andrew Cuomo for marching in a gay rights parade as well, sparked reaction that he is anti-gay.

Paladino’s remarks came as nine New York gang members were accused of holding three men captive they believed were gay and torturing and sodomizing them. Last month a student at Rutgers University in New Jersey committed suicide after his roommate showed his gay sexual encounter live on the Internet.

17 Chile to start freeing miners on Tuesday night

By Cesar Illiano and Terry Wade, Reuters

9 mins ago

COPIAPO, Chile (Reuters) – Rescuers will start evacuating 33 trapped miners late on Tuesday and have successfully tested a capsule to hoist them to the surface to end their two-month ordeal, officials said on Monday.

The specially designed bullet-shaped cage was lowered almost the entire length of the escape shaft without a hitch, Mining Minister Laurence Golborne told reporters.

Once the evacuations start, at midnight on Tuesday (0300 GMT, Wednesday), it will take 48 hours to hoist the men up from inside the caved-in mine half a mile underground, he said.

18 Microsoft new phones get favorable reaction

By Bill Rigby and Sinead Carew, Reuters

1 hr 53 mins ago

SEATTLE/NEW YORK (Reuters) – Microsoft Corp’s last-ditch attempt to make an impact on the fast-growing market for multi-featured “smartphones” won favorable early reviews on Monday, but success will hinge on how well the phones are marketed against Apple Inc and Google Inc, analysts said.

The world’s largest software company is hoping that a lineup of nine new phones, from handset makers Samsung Electronics Co Ltd, LG Electronics Inc, HTC Corp and Dell Inc, will propel it back into the mobile market, which many see as the key to the future of computing.

The phones, three of which will initially be available on AT&T Inc’s network in the United States beginning next month, are much closer in look and feel to Apple’s iPhone, with colorful touch-screens and “live tiles” for easy access to email, the Web, music and exclusively, and games on the Xbox system.

19 Americans, British-Cypriot win 2010 economics Nobel

By Ros Krasny and Mia Shanley, Reuters

2 hrs 43 mins ago

CAMBRIDGE, Mass./STOCKHOLM (Reuters) – A British-Cypriot and two Americans, including one nominated by U.S. President Barack Obama to the Federal Reserve board, won the 2010 economics Nobel on Monday for work helping explain unemployment and job markets.

The work honored is highly topical since many countries with developed economies, including the United States, are worried about future job growth after the worst global crisis since the Depression.

The Royal Swedish Academy of Sciences awarded the 10 million crown ($1.5 million) prize to U.S. professors Dale Mortensen and Peter Diamond, the 70-year-old nominee to the Fed, as well as British-Cypriot Christopher Pissarides, 62.

20 U.S., China revive defence ties, lock horns on Taiwan

By Phil Stewart and John Ruwitch, Reuters

Mon Oct 11, 10:34 am ET

HANOI (Reuters) – U.S. and Chinese defense chiefs locked horns over U.S. arms sales on Taiwan on Monday as they met for the first time since Beijing lifted a freeze on U.S. military ties.

U.S. Defense Secretary Robert Gates called the meeting with his Chinese counterpart, Liang Guanglie, constructive and accepted an invitation to visit China next year. But China said both acknowledged “problems and obstacles” in military relations.

Top among them, in China’s view, are U.S. arms sales to self-ruled Taiwan, a nearby island Beijing considers a renegade province.

21 First patient treated in Geron stem cell trial

By Maggie Fox, Health and Science Editor

55 mins ago

WASHINGTON (Reuters) – U.S. doctors have begun treating the first patient to receive human embryonic stem cells, but details of the patient enrolled in the landmark clinical trial are being kept confidential, Geron Corp said on Monday.

Geron, whose shares were up 6.4 percent on the Nasdaq late on Monday afternoon, has the first U.S. Food and Drug Administration license to use the controversial cells to treat people, in this case patients with new spinal cord injuries. It is the first publicly known use of human embryonic stem cells in people.

“The patient was enrolled at Shepherd Center, a 132-bed spinal cord and brain injury rehabilitation hospital and clinical research center in Atlanta, Georgia,” Geron said in a statement.

22 Hungary state to take control of MAL after spill

By Gergely Szakacs, Reuters

Mon Oct 11, 10:14 am ET

BUDAPEST (Reuters) – Hungary’s prime minister on Monday blamed “human negligence” for a spill of toxic red sludge that killed eight people last week, and said the government would take control of the company responsible.

Disaster crews were racing to finish an emergency dam to avert a second spill of the by-product of alumina production from the sludge reservoir owned by the MAL Zrt company.

A million cubic meters of red mud burst out of the reservoir last Monday, flooding three local villages and fouling rivers including a tributary of the Danube.

23 China snubs Norway in Nobel Peace Prize row

By Chris Buckley, Reuters

Mon Oct 11, 10:33 am ET

BEIJING (Reuters) – Beijing on Monday canceled a meeting with a Norwegian minister as Chinese officials bristled over the award of the Nobel Peace Prize to jailed dissident Liu Xiaobo.

Responses to the prize have laid bare tensions between Beijing and its critics at a time of greater Chinese assertiveness over its currency, international trade and even geographical ambitions for territory in dispute with its neighbors.

State-controlled Chinese newspapers said the prize to Liu, once reviled by Beijing as a traitorous “black hand” behind the 1989 Tiananmen pro-democracy protests, showed a prejudiced West afraid of China’s rising wealth and standing.

24 No boost for Social Security checks in 2011

By STEPHEN OHLEMACHER, Associated Press Writer

30 mins ago

WASHINGTON – More than 58 million retirees and disabled Americans will have to go another year without an increase in their Social Security benefits, the government is expected to announce this week.

It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first year was this year.

The cost-of-living adjustments, or COLAs, are automatically set each year by an inflation measure that was adopted by Congress back in the 1970s. Because consumer prices are still lower than they were they were two years ago, the last time a COLA was awarded, the trustees who oversee Social Security project there will be no benefit increase for 2011.

25 Test shows Chile mine rescue shaft works

By FRANK BAJAK and VIVIAN SEQUERA, Associated Press Writers

42 mins ago

SAN JOSE MINE, Chile – Rescuers on Monday finished reinforcing the hole drilled to bring 33 trapped miners to safety and sent a rescue capsule nearly all the way to where the men are trapped, proving the escape route works.

That means that if all goes well, everything will be in place at midnight Tuesday to begin pulling the men out of their subterranean purgatory.

Andre Sougarett, the rescue leader, said the empty capsule descended 2,000 feet (610 meters), just 40 feet (12 meters) short of the shaft system where the miners have been trapped since an Aug. 5 collapse.

26 NY GOP gov hopeful Paladino says he’d hire gays

By MARCUS FRANKLIN, Associated Press Writer

1 min ago

NEW YORK – Republican gubernatorial candidate Carl Paladino said in separate appearances Monday that he stands up for the rights of everyone, including gays, but thinks young children shouldn’t be exposed to homosexuality, especially at gay pride parades.

“They wear these little Speedos and they grind against each other and it’s just a terrible thing,” Paladino said Monday on NBC’s “Today” show. “Why would you bring your children to that?”

The candidate said he opposes same-sex marriage but would actively recruit gays to his administration. Mentioning his gay nephew, Paladino said the discrimination he and others face is a “very ugly experience.”

27 Indiana may provide early election night clues

By DAVID ESPO, AP Special Correspondent

44 mins ago

INDIANAPOLIS – Conservative Indiana provided the first sign of a Democratic sweep in 2006 when Republicans lost three House seats in the Hoosier state, then glumly watched dozens more fall as polls closed across the country.

Now a resurgent Republican Party wants to rerun the same script with a distinctly different ending, aiming to recapture dozens of seats it lost in 2006 and 2008 and putting junior Democrats under political duress from New Hampshire to New Mexico.

And Indiana, where unemployment is measured at 10.2 percent and newspapers run page after dreary page of home foreclosure notices, could again be an early indicator. Republicans appear to be on their way to reclaiming one of the three seats they lost in 2006 and are mounting a strong challenge for a second.

28 Furious China blocks visit to Nobel winner’s wife

By TINI TRAN, Associated Press Writer

1 hr 8 mins ago

BEIJING – China on Monday blocked European officials from meeting with the wife of the jailed Nobel Peace Prize winner, cut off her phone communication and canceled meetings with Norwegian officials – acting on its fury over the award.

As China retaliated, U.N. human rights experts called on Beijing to free imprisoned democracy campaigner Liu Xiaobo, who was permitted a brief, tearful meeting with his wife Sunday. Liu dedicated the award to the “lost souls” of the 1989 military crackdown on student demonstrators.

Liu, a slight, 54-year-old literary critic, is in the second year of an 11-year prison term for inciting subversion.

29 Hungary firm head detained over toxic sludge

By PABLO GORONDI and BELA SZANDELSZKY, Associated Press

1 hr 4 mins ago

DEVECSER, Hungary – Hungarian police have detained the director of the aluminum company responsible for a flood of caustic red sludge that killed eight people when it burst from its reservoir last week, the prime minister said Monday.

Police said they were questioning managing director Zoltan Bakonyi on suspicion of public endangerment causing multiple deaths and environmental damage.

Prime Minister Viktor Orban told parliament that the government wanted to take over MAL Rt., the Hungarian Aluminum Production and Trade Company, because the safe restart of production at the alumina plant was needed to save the jobs of thousands of workers.

30 3 win economics Nobel for job market analysis

By LOUISE NORDSTROM and KARL RITTER, Associated Press Writers

32 mins ago

STOCKHOLM – Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain how many people can remain unemployed despite a large number of job vacancies.

Federal Reserve board nominee Peter Diamond was honored along with Dale Mortensen and Christopher Pissarides with the 10 million Swedish kronor ($1.5 million) prize for their analysis of the obstacles that prevent buyers and sellers from efficiently pairing up in markets.

Diamond – a former mentor to current Federal Reserve chairman Ben Bernanke – analyzed the foundations of so-called search markets, while Mortensen and Pissarides expanded the theory and applied it to the labor market.

31 Hormones linked with kidney stones in older women

By LINDSEY TANNER, AP Medical Writer

55 mins ago

CHICAGO – Kidney stones should be added to the list of health problems linked with hormone pill use after menopause, according to an analysis of landmark government research that first raised alarms about the products.

Among more than 24,000 postmenopausal women taking either hormones or dummy pills, those using hormones were 21 percent more likely to develop kidney stones over about five years.

Those results suggest that over a year’s time, among 10,000 postmenopausal women taking hormones, five would develop kidney stones who wouldn’t have if they hadn’t used the pills.

32 Microsoft bets big on new phone software

By PETER SVENSSON, AP Technology Writer

12 mins ago

NEW YORK – Microsoft Corp. knows the cell phone world is where it’s happening, and it’s determined to be a part of it.

After years of declining sales of phones based on Microsoft’s Windows Mobile software, the company is starting with a fresh slate – a completely new operating system for phones.

The new handsets will go up against Apple Inc.’s highly popular iPhone and the expanding number of phones running on Google Inc.’s Android operating system.

33 Unemployed find old jobs now require more skills

By CHRISTOPHER S. RUGABER, AP Economics Writer

Mon Oct 11, 11:59 am ET

WASHINGTON – The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them.

They’re running into a trend that took root during the recession. Companies became more productive by doing more with fewer workers. Some asked staffers to take on a broader array of duties – duties that used to be spread among multiple jobs. Now, someone who hopes to get those jobs must meet the new requirements.

As a result, some database administrators now have to manage network security.

34 New Mandela book offers personal portrait

By DONNA BRYSON, Associated Press Writer

Mon Oct 11, 6:23 am ET

JOHANNESBURG – Nelson Mandela failing classes, fussing over his children, fighting with his wife.

This is not the anti-apartheid icon of “Long Walk to Freedom,” Mandela’s 1995 autobiography. “Conversations with Myself,” which goes on sale Tuesday in 22 countries and 20 languages from Catalan to Turkish, presents a more human Mandela, faults, frailties and all.

“Conversations” was compiled with the 92-year-old former South African president’s blessing by a team of archivists, editors and collaborators who worked from decades of notes, letters, recorded conversations and other material.

35 Law punishing fake heroes may go to Supreme Court

By DAN ELLIOTT, Associated Press Writer

Mon Oct 11, 6:23 am ET

DENVER – The Justice Department is battling to save a federal law that makes it illegal to lie about being a war hero, appealing two court rulings that the statute is an unconstitutional muzzle on free speech.

The fight could be carried all the way to the U.S. Supreme Court, where it would face an uncertain fate, legal analysts said.

“This is a Supreme Court that is friendly to parties asserting speech rights and skeptical about restrictions on those rights,” said Kannon Shanmugam, a former Justice Department official.

36 Gates accepts invite to China for next year

By ANNE GEARAN, AP National Security Writer

Mon Oct 11, 11:45 am ET

HANOI, Vietnam – U.S. Defense Secretary Robert Gates sought to patch up damaged military ties with China on Monday, accepting an invitation to visit Beijing next year and arguing that the two militaries should not be hostage to the long-standing U.S. political relationship with Taiwan.

Gates avoided a direct confrontation with China over Asian sea disputes that have smaller Southeast Asian nations feeling pushed around. The United States is worried that China’s increasingly aggressive claims to disputed island chains could disrupt shipping, or even ignite a shooting war.

Gates said those disputes, which are the backdrop to an Asian security meeting here, should be resolved peacefully through negotiations.

37 Gates in Hanoi notes the friendly ties of old foes

By ANNE GEARAN, AP National Security Writer

Mon Oct 11, 7:32 am ET

HANOI, Vietnam – Defense Secretary Robert Gates gently chided Vietnam for its blemished human rights record Monday but marveled at the friendly ties the U.S. has built with Vietnam a generation after the Vietnam War.

Gates addressed a university audience in Hanoi, not far from the lake where Sen. John McCain famously crashed his war plane and became one of the best-known prisoners of war. The defense secretary is in Vietnam to attend an Asian security ministers meeting Tuesday as well as to meet with delegates from some of the small nations that want U.S. support to counter the growth of China as a regional power.

The room was full of students born after the war and reared on Vietnam’s blend of communism and capitalism.

38 DA: Anti-gay NYC attack laced with hate speech

By KAREN MATTHEWS, Associated Press Writer

Mon Oct 11, 6:23 am ET

NEW YORK – Gang members used an anti-gay slur to ask two teen boys and a 30-year-old man about their sexuality before brutally torturing and beating them last week in a working-class Bronx neighborhood, authorities said in court, where eight suspects stood with drooped heads at their first appearance as their relatives wept behind them.

During the proceeding Sunday, Assistant District Attorney Theresa Gottlieb said that each victim was asked prior to being beaten in the Oct. 3 attacks: “Is it true that you’re a fag?”

The defendants did not enter pleas to charges that include robbery, assault, sexual abuse and unlawful imprisonment as hate crimes. The most serious charge carried a potential 25-year prison term. Police were looking for a ninth suspect, who had been expected to turn himself in but didn’t show.

39 Picnics and paddleboats as Pyongyang celebrates

By JEAN H. LEE, Associated Press Writer

1 hr 4 mins ago

PYONGYANG, North Korea – The party in Pyongyang stretched into Monday as North Koreans took the day off to celebrate a major political anniversary and to revel in the unveiling of leader Kim Jong Il’s heir-apparent, son Kim Jong Un.

Families packed baskets with food and liquor they received from the government in honor of the occasion and picnicked along the Taedong River and on scenic Moran Hill. Others headed to an amusement park, filling the air with screams as they braved a serpentine rollercoaster and rammed one another in bumper cars.

The scenes of revelry in North Korea’s showcase capital contradicted the austerity and shortages normally associated with this reclusive country of 24 million, and this was no ordinary weekend.

40 Death row inmate seeks high court OK for DNA tests

By MICHAEL GRACZYK, Associated Press Writer

Sun Oct 10, 9:01 pm ET

LIVINGSTON, Texas – An ex-con sent to Texas’ death row for three murders and spared from execution earlier this year by the U.S. Supreme Court is set to take his case before the high court, which may decide whether his attorneys can test items for DNA he claims could prove his innocence.

Hank Skinner was convicted of pummeling his girlfriend with a pickax handle and stabbing her two sons on New Year’s Eve in 1993 in their Texas Panhandle home. DNA evidence at his trial showed blood on his clothing from that night was his and from at least two of the victims.

The Supreme Court will hear arguments Wednesday on whether prison inmates may use a federal civil rights law to get DNA testing that was not performed before their conviction. Prosecutors in Skinner’s case have refused to make some evidence available for DNA testing, including knives from the scene and a jacket next to one of the bodies.

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.

Paul Krugman: Hey, Small Spender

Here’s the narrative you hear everywhere: President Obama has presided over a huge expansion of government, but unemployment has remained high. And this proves that government spending can’t create jobs.

Here’s what you need to know: The whole story is a myth. There never was a big expansion of government spending. In fact, that has been the key problem with economic policy in the Obama years: we never had the kind of fiscal expansion that might have created the millions of jobs we need.

Ask yourself: What major new federal programs have started up since Mr. Obama took office? Health care reform, for the most part, hasn’t kicked in yet, so that can’t be it. So are there giant infrastructure projects under way? No. Are there huge new benefits for low-income workers or the poor? No. Where’s all that spending we keep hearing about? It never happened.

Robert Kuttner: Obama Calls the Question on Geithner

By pocket-vetoing the bill that sailed through Congress to expedite mortgage foreclosures, President Obama may have begun a chain reaction that will blow up Treasury Secretary Tim Geithner’s confidence game with the banks. Let me explain.

In early 2009, Obama and his top economic aides faced a fateful choice: either do an honest accounting of the nation’s big insolvent banks, like Citigroup; or keep propping them up and collude with the banks in camouflaging just how bad things were — and still are.

They opted for camouflage. Geithner and the Federal Reserve devised a “stress test” exercise that avoided an honest accounting of the junk on the banks’ balance sheets; instead they used economic models based on very rosy assumptions about how bad the recession would be. Citi and the others were pronounced basically healthy.

E.J. Dionne Jr.: Shadowy players in a new class war

The 2010 election is turning into a class war. The wealthy and the powerful started it.

This is a strange development. President Obama, after all, has been working overtime to save capitalism. Wall Street is doing just fine, and the rich are getting richer again. The financial reform bill passed by Congress was moderate, not radical.

Nonetheless, corporations and affluent individuals are pouring tens of millions of dollars into attack ads aimed almost exclusively at Democrats. One of the biggest political players, the U.S. Chamber of Commerce, accepts money from foreign sources.

The chamber piously insists that none of the cash from abroad is going into its ad campaigns. But without full disclosure, there’s no way of knowing if that’s true or simply an accounting trick. And the chamber is just one of many groups engaged in an election-year spending spree.

Dean Baker  and Sarita Gupta: Memo to the Tax Cut Party — Painful Double-Digit Unemployment Doesn’t Have to Continue

A modest tax on Wall Street financial speculation could raise more than $150 billion a year — money that would go a long way toward funding a serious jobs agenda.

here is a depressing complicity among much of the political leadership about the recession. Many politicians seem prepared to accept that we will have sky-high rates of unemployment for the indefinite future. Projections from the Congressional Budget Office and other authoritative forecasts show the situation improving little over the next few years.

At the moment, this means 15 million people unemployed, 9 million under-employed and millions of other workers who don’t even get counted because they have given up hope of finding a job and stopped looking. It is outrageous that we have this situation. Allowing high unemployment to continue for years into the future is unacceptable.

We know how to get the unemployment rate down.

Jon Walker: Mercenaries Are Only in It for the Money

During the health care fight, the Obama administration would probably have benefited from having a military historian as an adviser. Even a cursory study of military history will show you the important role played for centuries by mercenaries-and it will show you their limitations. There are two critical things to keep in mind when thinking about mercenaries. The first and most important is that they are in it for the money. They are not fighting for ideology, religion, the crown or their motherland. They are in it for the money. The second thing is a dead mercenary can’t collect his pay nor can a defeated nation pay their salary. You simply can’t pay a mercenary to take part in what seems like a suicide mission, you can’t rely on their support if they no longer think you can pay, and they are only loyal as long as the other side doesn’t offer a better deal.

Perhaps Obama’s administration would be better off today if they had kept this in mind when they foolishly thought they could buy the support of the health industries as part of their backroom health care deals. From Politico, we learn the private health care interests that cut sweetheart deals with Democrats haven’t stayed loyal.

 

A new portrait of the health industry landscape has begun to take shape, with some of those major players shifting their dollars from the very Democrats who passed the law they seemingly endorsed at the White House.  . . . .

   Health professionals, bolting from the American Medical Association’s pro-reform position, have become the strongest supporters of the Tea Party Caucus, a coalition of conservative House members aligned with the movement born from a visceral rejection of the law.

   Drugmakers, which invested millions in television advertising last spring and summer to promote passage of the bill, are sitting on their wallets in the run-up to the November elections.

This was just way too predictable. In 2003, Republicans basically tried to buy the support of the health care industry, specifically drug makers, with their massive corporate giveaway in the form of Medicare Part D. Democrats directly campaigned against these deals in 2006 and 2008.

Robert J. Spitzer: President Obama: Veto Yes; Pocket Veto, No!

Mr. President, your October 7 announcement  that you plan to veto a bill that has as its stated, and seemingly unexceptional purpose, of streamlining the recognition of notarized statements across state lines will be welcomed by consumer groups and others who fear that the bill would make it tougher for homeowners to challenge improper foreclosure attempts. And your stated justification — that you “believe it is necessary to have further deliberations about the intended and unintended impact of this bill on consumer protections, including those for mortgages” — expresses a perfectly sensible caution.

But Mr. President, your intention, as repeated in news reports, to employ a pocket veto instead of a regular or return veto, is flat-out wrong, and there are three reasons why.

Robert Creamer: If You Like the Recession, You’d Love “Speaker Boehner”

Last week’s employment report served to reinforce the utter bankruptcy of Republican economic policy — and the absolute necessity of remembering the lessons of the last century of economic history.

The private sector job market is slowly stumbling out of the economic ditch into which it was steered by the policies of the Bush Administration. Sixty-four thousand private sector jobs were created by the economy last month — well short of what is necessary to allow the job market to achieve lift-off velocities and long-term sustained growth — but a least a positive number.

But that growth was entirely offset by the loss of 159,000 government jobs. Some of them were temporary census jobs. But the bulk — including the loss of 26,000 teachers — came from layoffs caused by the fiscal crunch of state and local governments. State and local governments cut jobs at the fastest rate in almost 30 years. The loss in jobs would have been even more massive if Democrats in Congress had not passed a bill to aid state and local government before they adjourned for the August recess. That bill was passed over virtually unanimous Republican opposition.

Krystal Ball: The Next Glass Ceiling

The tactic of making female politicians into whores is nothing new. In fact, it happened to Meg Whitman, one of the world’s most accomplished business women, just last week. It’s part of this whole idea that female sexuality and serious work are incompatible. But I realized that photos like the ones of me, and ones much racier, would end up coming into the public sphere when women of my generation run for office. And I knew that there could be no other answer to the question than this: Society has to accept that women of my generation have sexual lives that are going to leak into the public sphere. Sooner or later, this is a reality that has to be faced, or many young women in my generation will not be able to run for office.

Bill Quigley: Nine Months After the Quake — A Million Haitians Slowly Dying

“If it gets any worse,” said Wilda, a homeless Haitian mother, “we’re not going to survive.” Mothers and grandmothers surrounding her nodded solemnly.

We are in a broiling “tent” with a group of women trying to raise their families in a public park. Around the back of the Haitian National Palace, the park hosts a regal statute of Alexandre Petion in its middle. It is now home to five thousand people displaced by the January 2010 earthquake.

Nine months after the quake, over a million people are still homeless in Haiti.

Haiti looks like the quake could have been last month. I visited Port au Prince shortly after the quake and much of the destruction then looks the same nine months later.

The Associated Press reports only two percent of the rubble has been removed and only 13,000 temporary shelters have been constructed. Not a single cent of the US aid pledged for rebuilding has arrived in Haiti. In the last few days the US pledged it would put up 10% of the billion dollars in reconstruction aid promised. Only 15 percent of the aid pledged by countries and organizations around the world has reached the country so far.

digby: NYC Cops to Get More Powerful Tasers

This post first appeared on Hullabaloo.

I guess they aren’t electrocuting enough mentally ill people to death:

   

Five NYC police precincts are testing a new type of taser today after a the department’s standard-issue taser failed to subdue a knife-wielding suspect and led to a fatal shooting Sunday morning.

   On Sunday, police responded to a 911 call from 24-year-old Emmanuel Paulino. Paulino had told the 911 operator he was “ready to kill some cops,” so they, um, dispatched some cops to his home in the Bronx. Police tried to subdue the knife-wielding Paulino with a taser, but he managed to pull one of the weapon’s prongs out of his body and wound up being shot down after he continued to approach the officers.

   The new taser model – which NY1 says “can even penetrate two inches of clothing” – is lighter and more powerful than the ones cops currently carry.

It’s time for a heart to heart talk. If you are confronted by a police officer give yourself up immediately, do nothing at all to make him angry or believe that you are being uncooperative. Don’t argue or fail in any way to follow his orders to the letter. They have permission to electrocute you for any reason and nobody will do anything about it. You have no rights in practice, only in theory, as long as this is true.

Another Crisis Obama Ignored

Monday Business Edition

As much as I would like it to be, the chief problem with Barack Hussein Obama is not Civil Liberties on which he is in fact objectively worse than George W. Bush and Dick Cheney.

Nope.

It’s that he’s a coward economically.

We KNOW! what works and policymakers have willfully choosen to avoid it for the sake of academic reputation and neo-liberal policy purity.

The latest symptom in our economic fever is Title Fraud.  If you’ve financed or re-financed your home in the last 10 years (and who wouldn’t with the interest rates so low?) your title is now in doubt.

Not that this is a problem for you personally or, it shouldn’t be. You’ve maintained your good faith payments to your servicing company which they’ve presumably used in a rational manner to keep that 2nd derivative universe (of which they are MastersElanie‘ O’Donnell) cranking around.

In translation masturbatory fantasies of value created by leverage.

My ancient Economics 101 Perfesser (twisted and wizend from long years surviving an actual Depression) told me- “It’s only paper profits until you sell it.

Your good old mortgage should protect your serfdom to your property, but the people who’ve placed their bets on black are going to be exceedingly disappointed when the wheel stops on double zero.  This market has a long way to crash.

And we’ve done nothing at all about it and the economic team (with the exception of Geither) jumped ship to avoid accepting responsibility for this disaster.

Except of course the buck stops at that Oval Office desk Obama occupies.

Government had been warned for months about troubles in mortgage servicer industry

By Zachary A. Goldfarb, Washington Post Staff Writer

Saturday, October 9, 2010; 10:11 PM

Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people’s homes as fast as possible, often without regard to the rights of homeowners.

In recent days, amid reports that major lenders have used improper procedures and fraudulent paperwork to seize properties, some Obama administration officials have acknowledged they had been aware of flaws in how the mortgage industry pursues foreclosures.



Housing advocates and government reports gave several reasons why servicers try to foreclose so quickly.

In general, servicers make more money when they foreclose on a loan than when they find a better arrangement for the borrower. That’s because the payments to the servicer decline when a loan is modified. But if instead the borrower is in default, the servicer adds fees on the account and can collect when the house is sold, even at foreclosure.

In addition, servicers are under pressure to continue to transfer the money paid by the borrower to the investor in the loan. When a borrower isn’t paying the loan, the servicer has to cover the difference.

Moreover, servicers can expect to charge more if they receive higher ratings from credit rating agencies. And the faster a servicer forecloses when loans are in default, the higher the rating they stand to receive.

Business News below.

From Yahoo News Business

1 Labour market specialists win Nobel Economics prize

by Rita Devlin Marier, AFP

6 mins ago

STOCKHOLM (AFP) – Peter Diamond and Dale Mortensen of the US and British-Cypriot Christopher Pissarides won the 2010 Nobel Economics Prize on Monday for work on why supply and demand do not always meet in the labour market and elsewhere.

The prize highlights one aspect of a policy-making problem which has bedevilled governments of advanced countries since the oil shocks of the 1970s: high unemployment which has risen even higher because of the global economic crisis

The jury lauded the trio “for their analysis of markets with search frictions,” which helps explain how unemployment, job vacancies, and wages are affected by regulation and economic policy.

2 France strikes again as pension reform enters crunch week

by Rory Mulholland, AFP

32 mins ago

PARIS (AFP) – France faces major disruption Tuesday for the fourth time in a month as workers take to the streets — this time threatening open-ended strikes — to fight plans to raise the retirement age to 62.

Half of flights to and from Paris Orly airport and one in three at Charles de Gaulle will be cancelled because of walk-outs by airport workers in what is seen as a crunch week for pension reform, officials said.

Intercity trains and the Paris metro were also to be badly hit, and teachers, truckers and postal workers planned to join the protests against a plan that is central to President Nicolas Sarkozy’s reform programme.

3 Dollar falls as ‘currency war’ concerns linger

AFP

1 hr 9 mins ago

LONDON (AFP) – The dollar fell against the euro and yen on Monday after the world’s top finance officials failed to reach a consensus on measures to head off what some see as a looming “currency war”, analysts said.

The euro reached 1.40 dollars, while the US unit hit a fresh 15-year low against the yen amid growing expectation that the Federal Reserve will pump more money to bolster the struggling US economy, they added.

“The euro was given a boost after the IMF meeting, which failed to resolve the so-called currency war,” said Kathleen Brooks, an analyst for online trading company Forex.com.

4 IMF, World Bank wrap up three days of talks

by Rob Lever, AFP

Sun Oct 10, 1:11 pm ET

WASHINGTON (AFP) – The world’s top finance officials closed out three days of talks here Sunday after failing to reach a consensus on measures to head off what some see as a looming currency war.

The International Monetary Fund steering committee, which has been struggling to address friction among key economies including China and the United States, said Saturday the organization should continue its study.

“While the international monetary system has proved resilient, tensions and vulnerabilities remain as a result of widening global imbalances, continued volatile capital flows, exchange rate movements and issues related to the supply and accumulation of official reserves,” the IMF panel said in a statement after its meeting.

5 Asia braces for currency wars but options limited

by Martin Abbugao, AFP

Sun Oct 10, 7:14 pm ET

SINGAPORE (AFP) – Emerging Asia is braced for collateral damage in case of an all-out currency war between the world’s most powerful economies, but regional governments have limited options, economists said.

The subject dominated annual International Monetary Fund talks in Washington at the weekend, but there was no consensus as the United States and China wage an acrimonious dispute over Beijing’s currency policies.

“I strongly hope that this will not escalate into an all-out war,” said Cyn Young Park, a senior economist at the Asian Development Bank (ADB), voicing fears any conflict could derail the world’s fragile recovery from recession.

6 Asia computer market has room for both tablets and laptops

by Peter Harmsen, AFP

Sun Oct 10, 7:10 pm ET

TAIPEI (AFP) – Tablet computers such as Apple’s iPad and Samsung’s Galaxy have had a fanfare of publicity, but they are unlikely to kill off their older cousin the laptop anytime soon, say Asian analysts and vendors.

Sales of smaller-screen and cheaper netbook laptops may appear to be sloping off in a mature market like the United States, but analysts in Asia believe this is not the end of the road for the laptop itself.

“The tablet is a secondary device, meant for people who already have a PC and want a device for portable usage,” said Tracy Tsai, a Taipei-based analyst with technology research company Gartner.

7 Abrupt yuan rise problematic for China: experts

by Allison Jackson, AFP

Sun Oct 10, 3:03 am ET

BEIJING (AFP) – A sharp revaluation in the yuan would trigger mass factory closures and job losses in China, analysts say, backing up the government’s strident defence of its controversial exchange rate policy.

Premier Wen Jiabao told European leaders last week that the 20-40 percent appreciation demanded by critics would destroy Chinese firms and lead to social upheaval by triggering widespread unemployment.

The premier’s claims have merit, experts say, warning that any dramatic shift in the value of the yuan would be harmful not only to export-driven China but also to a global economy struggling to recover from the financial crisis.

8 Fox gets teeth into Chinese movie market

by Romain Raynaldy, AFP

Sat Oct 9, 6:33 pm ET

LOS ANGELES (AFP) – Media giant Fox is celebrating after joining fellow majors by producing its first film in Mandarin, as it battles for a slice of an exploding Chinese movie market.

The Fox International division was created in 2008 to “make local films all over the world, and to focus on markets that were growing, or that already have big established local products,” said its head Sanford Panitch.

“And China being the fastest-growing market in the world, and 50 percent of the product in China being local, it was a great opportunity for us to be able to participate in making Chinese film,” he told AFP.

9 Soaring Aussie dollar could hurt budget: Treasurer

by Madeleine Coorey, AFP

Sun Oct 10, 2:31 am ET

SYDNEY (AFP) – The surging Australian dollar, which analysts say is set for a sustained period at or above recent record highs, could cut into national revenues as exports suffer, Treasurer Wayne Swan warned Sunday.

The Aussie is rocketing on the back of an unprecedented mining boom, a strong local economy and exposure to China’s growth, zooming up against the US dollar last week to hit a record of 99.18 US cents on Thursday.

The record — the Australian currency’s highest level since it was floated in December 1983 — prompted suggestions that the local dollar would tip past parity with the greenback by the end of the year.

10 IMF fails to find consensus to ease currency friction

by Rob Lever, AFP

Sun Oct 10, 12:56 am ET

WASHINGTON (AFP) – IMF policymakers failed to reach a consensus on measures to head off what some see as a looming currency war but pledged to keep working toward easing global economic imbalances.

The International Monetary Fund steering committee, which has been struggling to address friction among key economies including China and the United States, said the organization should continue its study.

“While the international monetary system has proved resilient, tensions and vulnerabilities remain as a result of widening global imbalances, continued volatile capital flows, exchange rate movements and issues related to the supply and accumulation of official reserves,” the IMF panel said in a statement after its meeting Saturday.

11 Weak US jobs report hangs over November elections

by Veronica Smith, AFP

Fri Oct 8, 4:37 pm ET

WASHINGTON (AFP) – The US economy shed 95,000 jobs in September as the government slashed payrolls, official data showed on Friday in a bleaker than expected report just weeks ahead of key mid-term elections.

The report could have implications on voter sentiment in the run-up to the November 2 polls. High unemployment is a crucial issue as millions of Americans feel the recession that ended more than a year ago has not ended for them.

President Barack Obama and his Democratic Party needed a strong report to crow about the economic recovery ahead of the vote, in which opposition Republicans are expected to make strong gains and possibly recapture a majority in one or both chambers of Congress.

12 CNOOC tests U.S. with $1.1 billion Chesapeake bid

By Sui-Lee Wee and Paritosh Bansal, Reuters

Mon Oct 11, 2:58 am ET

HONG KONG/NEW YORK (Reuters) – China’s top offshore oil producer CNOOC Ltd (0883.HK) agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the market for the first time since its 2005 failed bid for Unocal.

CNOOC shares hit a three-year high on news of the deal with Chesapeake Energy Corp (CHK.N), which could be the start of more outbound acquisitions as the Chinese company races to meet its aggressive production growth forecasts to feed the country’s fast-growing economy, analysts and bankers said.

“We expect them to expand their footprint in the Canadian oil-sands and also in Brazil’s deepwater. That’s the last frontier where you can extract big oil volumes,” said Gordon Kwan, head of Asian energy research for Mirae Asset Securities, adding that Nigeria and Angola could also be attractive.

13 Two teams try lining up Potash Corp bids: reports

By Sumeet Chatterjee and Quentin Webb, Reuters

35 mins ago

MUMBAI/LONDON (Reuters) – Reported fresh attempts to outdo BHP Billiton’s $39 billion bid for Canadian group Potash Corp look unwieldy, analysts said, suggesting the world’s biggest miner still has the field to itself.

Bernstein analyst Paul Galloway said getting the financial clout needed to improve on the terms of the biggest takeover bid this year required either aligning a diverse consortium or relying on the politically contentious backing of China.

The latest in weeks of speculation about ways BHP could be stymied saw reports that Canadian and Singaporean funds were talking about a possible deal, that China’s preferred counterbidder was canvassing an Indian partner, and that Potash itself was examining a huge payout.

14 Fast yuan revaluation no panacea: China’s Zhou

By Kristina Cooke and Paul Eckert, Reuters

Sun Oct 10, 6:59 pm ET

WASHINGTON (Reuters) – Demands that China rapidly revalue its yuan currency are akin to seeking a magic cure to a problem that requires a slow-working, herbal remedy, the country’s central bank governor, Zhou Xiaochuan, said on Sunday.

Beijing realizes it must raise the value of its currency, but the strength of the yuan depends on carefully gauging economic fundamentals like inflation, growth and employment, said Zhou, the head of the People’s Bank of China.

“China would like to use more gradual ways to realize a balance between domestic and external demand,” he said, repeating the message he drove home at the weekend’s International Monetary Fund meetings.

15 Bankers hit the Go-Slow alarm on regulatory crackdown

By Kevin Drawbaugh and Dave Clarke, Reuters

Sun Oct 10, 2:16 pm ET

WASHINGTON (Reuters) – A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, international bankers warned at a conference on Sunday.

Amid mounting currency tensions and talk of new surcharges on the industry, some of the world’s top bankers appealed for a gradual approach to implementing the Basel III accord on capital and other banking reforms.

The bankers expressed fears that individual governments will go beyond the Basel III deal struck last month between finance ministers from 27 countries that will force tougher capital and liquidity requirements on banks by 2019 so they can better withstand economic downturns and financial shocks.

16 Monetary policy’s diminishing returns

By Emily Kaiser, Reuters

Sun Oct 10, 3:00 pm ET

WASHINGTON (Reuters) – The Federal Reserve runs the risk of diminishing returns from its next round of money printing to amplify the subdued economic recovery, but that won’t stop it from trying.

Minutes due on Tuesday from the Fed’s most recent policy-setting meeting may reflect some divisions among officials over whether to launch another round of asset purchases, known as quantitative easing.

Investors, however, assume the Fed will pull the trigger, likely at its next policy-setting meeting in November.

17 Fed to run the show despite big earnings

By Rodrigo Campos, Reuters

Sun Oct 10, 11:35 am ET

NEW YORK (Reuters) – Not even earnings from big names like Google and GE this week will be able to pull Wall Street’s focus away from the possibility of more cheap cash flowing in from the Federal Reserve.

Normally when the likes of JPMorgan or Intel –also reporting next week — tell investors how much they earned in the previous quarter, the stock market hangs on every word.

But after Friday’s surprisingly anemic payrolls report, the increased likelihood the Fed will buy more assets like Treasury bonds to stimulate the economy has investors ignoring the usual benchmarks.

18 U.S. management in cross-hairs at Wal-Mart meeting

By Brad Dorfman, Reuters

Sun Oct 10, 12:37 pm ET

CHICAGO (Reuters) – Wal-Mart Stores Inc’s (WMT.N) U.S. management will be in the cross-hairs at the company’s investor meeting this week, where Wall Street analysts will press for details on rescuing the retailer’s largest business.

Sales at U.S. Wal-Mart stores open at least a year have fallen in five straight quarters, hurt by competition from lower-priced dollar stores and an economy that has allowed some shoppers to move up to rivals such as Target Corp (TGT.N).

Bill Simon became CEO of the U.S. unit in June and is expected to outline how he and his revamped management team can spur sales.

19 3 win economics Nobel for job market analysis

By LOUISE NORDSTROM and KARL RITTER, Associated Press Writers

13 mins ago

STOCKHOLM – Two Americans and a British-Cypriot economist won the 2010 Nobel economics prize Monday for developing a theory that helps explain why many people can remain unemployed despite a large number of job vacancies.

Federal Reserve board nominee Peter Diamond was honored along with Dale Mortensen and Christopher Pissarides with the 10 million Swedish kronor ($1.5 million) prize for their analysis of the obstacles that prevent buyers and sellers from efficiently pairing up in markets.

Diamond – a former mentor to current Federal Reserve chairman Ben Bernanke – analyzed the foundations of so-called search markets, while Mortensen and Pissarides expanded the theory and applied it to the labor market.

20 No boost for Social Security checks in 2011

By STEPHEN OHLEMACHER, Associated Press Writer

Mon Oct 11, 3:22 am ET

WASHINGTON – As if voters don’t have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits.

It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first year was this year.

“If you’re the ruling party, this is not the sort of thing you want to have happening two weeks before an election,” said Andrew Biggs, a former deputy commissioner at the Social Security Administration and now a resident scholar at the American Enterprise Institute.

21 Asian currency tensions simmer as dollar sinks

By ERIKA KINETZ, AP Business Writer

38 mins ago

MUMBAI, India – It’s boom time in Asia, only Premal Udani, who runs an Indian apparel exporting company, says he has little to show for it.

A surging tide of foreign cash has helped drive stocks in Indonesia and the Philippines to record highs, while India’s market has been flirting with a lifetime peak, but as Udani – whose company Kaytee Corp. sells to Wal-Mart and Macy’s – knows there can be danger in plenty.

That rush of money – replicated across emerging Asia as investors seek a haven of high-growth amid miserably low returns in the developed world_ has pushed the Indian rupee up 5.5 percent since Sept. 1 to its highest in more than two years. That, plus surging cotton prices, is wiping out his profit margin, which usually hovers under 5 percent.

22 Unemployed find old jobs now require more skills

By CHRISTOPHER S. RUGABER, AP Economics Writer

2 hrs 26 mins ago

WASHINGTON – The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them.

They’re running into a trend that took root during the recession. Companies became more productive by doing more with fewer workers. Some asked staffers to take on a broader array of duties – duties that used to be spread among multiple jobs. Now, someone who hopes to get those jobs must meet the new requirements.

As a result, some database administrators now have to manage network security.

23 Foreclosure freeze could undermine housing market

By MICHELLE CONLIN, AP Real Estate Writer

2 mins ago

NEW YORK – Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place.

“I’m a 60-40 optimist,” he said at the time.

Today, Case’s mood is far more subdued. In scarcely two weeks, he and other housing analysts have watched as the once-staid world of back-office bank procedures has spawned a scandal that threatens to further unhinge the housing market.

24 Report: College dropouts cost taxpayers billions

By ERIC GORSKI, AP Education Writer

Mon Oct 11, 3:56 am ET

Dropping out of college after a year can mean lost time, burdensome debt and an uncertain future for students.

Now there’s an estimate of what it costs taxpayers. And it runs in the billions.

States appropriated almost $6.2 billion for four-year colleges and universities between 2003 and 2008 to help pay for the education of students who did not return for year two, a report released Monday says.

25 Beverly Hills to make a splash with city scents

By CHRISTINA HOAG, Associated Press Writer

2 hrs 48 mins ago

BEVERLY HILLS, Calif. – Ah, there’s nothing like the sweet smell of success. That’s what this bastion of ostentatious wealth wants you to believe – quite literally.

The City of Beverly Hills is launching its own line of perfumes this week as the first products in a long-term quest to turn the city’s trademarked shield logo into a brand. You could call it, ahem, 9021-Eau.

“This is a center of fashion, sophistication, energy,” said Mayor Jimmy Delshad. “We decided this was the right product for us.”

26 Western vintners hope late harvest makes fine wine

By OLIVIA MUNOZ, For The Associated Press

Mon Oct 11, 3:04 am ET

FRESNO, Calif. – A cool summer along the West Coast has made for a hurried harvest in the nation’s top winemaking regions as growers rush to beat the first frost. Vintners, however, are hopeful the late grapes will make great wine.

It’s a matter of simple science: Grapes become sweeter as they develop but they need sun and heat to do so. When the grapes are crushed and loaded into barrels, the sugar turns into alcohol during fermentation.

With less exposure to sun and heat, the grapes will have less sugar and produce wines with less alcohol. But, vintners say, the wines should be beautifully balanced and full-flavored.

Load more