A Small Win for Energy Conservation

(10 am. – promoted by ek hornbeck)

The White House is getting back to the future by installing solar panels on the roof to provide hot water and some electricity to the Family quarters.

Just in time to give the Global Work Party a White House-sized boost, the Obama administration announced this morning  that they are going to put solar panels on the First Family’s living quarters, returning to a tradition begun by president Jimmy Carter and abandoned by Ronald Reagan.

It’s a great win for your efforts over the last months–everyone who wrote letters, signed petitions, and turned out for the Solar Road Show as we rolled down the east coast from Unity College towing one of the Carter panels. We were disappointed that day that the White House wasn’t prepared to go solar, but very happy that they took our suggestion to look into the matter seriously.

Solar panels on one house, even this house, won’t save the climate, of course. But they’re a powerful symbol to the whole nation about where the future lies. And the president will wake up every morning and make his toast by the power of the sun (do presidents make toast?), which will be a constant reminder to be pushing the Congress for the kind of comprehensive reform we need. And remember, President Obama’s not alone: tomorrow, Maldivian President Mohammed Nasheed and a crew from Sungevity will be putting solar panels on their official residence. It’s a trend!

Also in the news, the US military takes the a leap into the future. Maybe this will get the anti-environmentalists attention:

With insurgents increasingly attacking the American fuel supply convoys that lumber across the Khyber Pass into Afghanistan, the military is pushing aggressively to develop, test and deploy renewable energy to decrease its need to transport fossil fuels.

Last week, a Marine company from California arrived in the rugged outback of Helmand Province bearing novel equipment: portable solar panels that fold up into boxes; energy-conserving lights; solar tent shields that provide shade and electricity; solar chargers for computers and communications equipment.

The 150 Marines of Company I, Third Battalion, Fifth Marines, will be the first to take renewable technology into a battle zone, where the new equipment will replace diesel and kerosene-based fuels that would ordinarily generate power to run their encampment.

Even as Congress has struggled unsuccessfully to pass an energy bill and many states have put renewable energy on hold because of the recession, the military this year has pushed rapidly forward. After a decade of waging wars in remote corners of the globe where fuel is not readily available, senior commanders have come to see overdependence on fossil fuel as a big liability, and renewable technologies – which have become more reliable and less expensive over the past few years – as providing a potential answer. These new types of renewable energy now account for only a small percentage of the power used by the armed forces, but military leaders plan to rapidly expand their use over the next decade.

Perhaps in the next two years Congress will get on board and start passing smart energy legislation.

h/t to Peter Daou at his blog and Twitter

On This Day in History: October 5

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

October 5 is the 278th day of the year (279th in leap years) in the Gregorian calendar. There are 87 days remaining until the end of the year.

On this day in 1877, Chief Joseph of the Nez Perce Indians surrenders to U.S. General Nelson A. Miles in the Bear Paw mountains of Montana, declaring,

“Hear me, my chiefs: My heart is sick and sad. From where the sun now stands, I will fight no more forever.”

Chief Joseph (March 3, 1840 – September 21, 1904) was the chief of the Wal-lam-wat-kain (Wallowa) band of Nez Perce during General Oliver O. Howard‘s attempt to forcibly remove his band and the other “non-treaty” Nez Perce to a reservation in Idaho. For his principled resistance to the removal, he became renowned as a humanitarian and peacemaker.

Joseph the Younger succeeded his father as chief in 1871. Before his death, the latter counseled his son:

“My son, my body is returning to my mother earth, and my spirit is going very soon to see the Great Spirit Chief. When I am gone, think of your country. You are the chief of these people. They look to you to guide them. Always remember that your father never sold his country. You must stop your ears whenever you are asked to sign a treaty selling your home. A few years more and white men will be all around you. They have their eyes on this land. My son, never forget my dying words. This country holds your father’s body. Never sell the bones of your father and your mother.”

Chief Joseph commented “I clasped my father’s hand and promised to do as he asked. A man who would not defend his father’s grave is worse than a wild animal.”

The non-treaty Nez Perce suffered many injustices at the hands of settlers and prospectors, but out of fear of reprisal from the militarily superior Americans, Joseph never allowed any violence against them, instead making many concessions to them in hopes of securing peace.

In 1873, Chief Joseph negotiated with the federal government to ensure his people could stay on their land in the Wallowa Valley. But in 1877, the government reversed its policy, and Army General Oliver Howard threatened to attack if the Wallowa band did not relocate to the Idaho Reservation with the other Nez Perce. Chief Joseph reluctantly agreed.

Before the outbreak of hostilities, General Howard held a council to try to convince Joseph and his people to relocate. Joseph finished his address to the General, which focused on human equality, by expressing his “[disbelief that] the Great Spirit Chief gave one kind of men the right to tell another kind of men what they must do.”

Howard reacted angrily, interpreting the statement as a challenge to his authority. When Chief Too-hul-hul-sote protested, he was jailed for five days.

The day following the council, Joseph, White Bird, and Chief Looking Glass all accompanied General Howard to look at different areas. Howard offered them a plot of land that was inhabited by Whites and Indians, promising to clear them out. Joseph and his chieftains refused, adhering to their tribal tradition of not taking what did not belong to them.

Unable to find any suitable uninhabited land on the reservation, Howard informed Joseph that his people had thirty days to collect their livestock and move to the reservation. Joseph pleaded for more time, but Howard told him that he would consider their presence in the Wallowa Valley beyond the thirty-day mark an act of war.

Returning home, Joseph called a council among his people. At the council, he spoke on behalf of peace, preferring to abandon his father’s grave over war. Too-hul-hul-sote, insulted by his incarceration, advocated war.

The Wallowa band began making preparations for the long journey, meeting first with other bands at Rocky Canyon. At this council too, many leaders urged war, while Joseph argued in favor of peace.

While the council was underway, a young man whose father had been killed rode up and announced that he and several other young men had already killed four white men, an act sure to initiate war.

Still hoping to avoid further bloodshed, Joseph and other Nez Perce chiefs began leading his people north toward Canada.

With 2,000 U.S. soldiers in pursuit, Joseph and other Nez Perce chiefs led 800 Nez Perce toward their friends the Crows, but when the Crows betrayed them and joined the United States army for money, the Nez Perce went towards freedom at the Canadian border. For over three months, the Nez Perce outmaneuvered and battled their pursuers traveling 1,600 miles (2,570 km) across Oregon, Washington, Idaho, Wyoming, and Montana. General Howard, leading the opposing cavalry, was impressed with the skill with which the Nez Perce fought, using advance and rear guards, skirmish lines, and field fortifications. Finally, after a devastating five-day battle during freezing weather conditions with no food or blankets, Chief Joseph formally surrendered to General Nelson Appleton Miles on October 5, 1877 in the Bear Paw Mountains of the Montana Territory, less than 40 miles (60 km) south of Canada in a place close to the present-day Chinook in Blaine County. The battle is remembered in popular history by the words attributed to Chief Joseph at the formal surrender:

“Tell General Howard I know his heart. What he told me before, I have it in my heart. I am tired of fighting. Our chiefs are killed; Looking Glass is dead, Too-hul-hul-sote is dead. The old men are all dead. It is the young men who say yes or no. He who led on the young men is dead. It is cold, and we have no blankets; the little children are freezing to death. My people, some of them, have run away to the hills, and have no blankets, no food. No one knows where they are-perhaps freezing to death. I want to have time to look for my children, and see how many of them I can find. Maybe I shall find them among the dead. Hear me, my chiefs! I am tired; my heart is sick and sad. From where the sun now stands, I will fight no more forever.”

 610 – Coronation of Byzantine Emperor Heraclius

869 – The Fourth Council of Constantinople is convened to decide about what to do about Patriarch Photius of Constantinople.

1143 – The king Alfonso VII of Leon recognises Portugal as a Kingdom.

1550 – Foundation of Concepcion, city in Chile.

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

1665 – The University of Kiel is founded.

1789 – French Revolution: Women of Paris march to Versailles in the March on Versailles to confront Louis XVI about his refusal to promulgate the decrees on the abolition of feudalism, demand bread, and have the King and his court moved to Paris.

1793 – French Revolution: Christianity is disestablished in France.

1857 – The City of Anaheim is founded.

1864 – The Indian city of Calcutta is almost totally destroyed by a cyclone; 60,000 die.

1869 – A strong hurricane devastates the Bay of Fundy region of Maritime Canada. The storm had been predicted over a year before by a British naval officer.

1877 – Chief Joseph surrenders his Nez Perce band to General Nelson A. Miles.

1895 – The first individual time trial for racing cyclists is held on a 50-mile course north of London.

1903 – Sir Samuel Griffith is appointed the first Chief Justice of Australia and Sir Edmund Barton and Richard O’Connor are appointed as foundation justices.

1905 – Wilbur Wright pilots Wright Flyer III in a flight of 24 miles in 39 minutes, a world record that stood until 1908.

1910 – Revolution in Portugal, monarchy overthrown, a republic declared .

1914 – World War I first aerial combat resulting in a kill.

1915 – Bulgaria enters World War I as one of the Central Powers.

1921 – Baseball: The World Series is broadcast on the radio for the first time.

1930 – British Airship R101 crashed in France en-route to India on its maiden voyage.

1936 – The Jarrow March sets off for London.

1944 – Royal Canadian Air Force pilots shoot down the first German jet fighter over France.

1944 – Suffrage is extended to women in France.

1945 – Hollywood Black Friday: A six month strike by Hollywood set decorators turns into a bloody riot at the gates of Warner Brothers’ studios.

1947 – The first televised White House address is given by U.S. President Harry S. Truman.

1948 – The 1948 Ashgabat earthquake kills 110,000.

1953 – The first documented recovery meeting of Narcotics Anonymous is held.

1962 – Dr. No, the first in the James Bond film series, was released.

1966 – Near Detroit, Michigan, there is a partial core meltdown at the Enrico Fermi demonstration nuclear breeder reactor.

1968 – Police baton civil rights demonstrators in Derry, Northern Ireland – considered to mark the beginning of The Troubles.

1969 – The first episode of the famous comedy show Monty Python’s Flying Circus aired on BBC.

1970 – The Public Broadcasting Service (PBS) is founded.

1970 – Montreal, Quebec: British Trade Commissioner James Cross is kidnapped by members of the FLQ terrorist group.

1973 – Signature of the European Patent Convention.

1974 – Guildford pub bombings: bombs planted by the Provisional Irish Republican Army (IRA) kill four British soldiers and one civilian.

1981 – Raoul Wallenberg becomes an honorary U.S. citizen.

1984 – Marc Garneau becomes the first Canadian in space, aboard the Space Shuttle Challenger.

1986 – Israeli secret nuclear weapons are revealed. The British newspaper The Sunday Times ran Mordechai Vanunu’s story on its front page under the headline: “Revealed – the secrets of Israel’s nuclear arsenal.”

1988 – The Chilean opposition coalition Concertacion (center-left) defeat Augusto Pinochet in his re-election intentions. Next year a general election is called.

1990 – After one hundred and fifty years The Herald broadsheet newspaper in Melbourne, Australia, is published for the last time as a separate newspaper.

1991 – An Indonesian military transport crashes after takeoff from Jakarta killing 137.

1991 – The first official version of the Linux kernel, version 0.02, is released.

1999 – The Ladbroke Grove rail crash in west London kills 31 people.

2000 – Mass demonstrations in Belgrade lead to resignation of Serbian strongman Slobodan Milosevic. These demonstrations are often called the Bulldozer Revolution.

2001 – Robert Stevens becomes the first victim in the 2001 anthrax attacks.

Morning Shinbun Tuesday October 5




Tuesday’s Headlines:

Foreign investors not scared of housing market

A Inside View of the IMF’s Massive Global Influence

USA

U.S. Military Orders Less Dependence on Fossil Fuels

Families are trimming plans to pay for college, survey finds

Europe

Mayor ousted for corruption plots return to Moscow political fray

Kremlin criticizes Belarus leader ahead of elections in the former Soviet republic

Middle East

Israeli settlers ‘burnt down West Bank mosque’

Syria accuses teenage blogger of spying

Asia

SPIEGEL Interview with Pervez Musharraf

Carrings on up the Khyber Pass

Africa

Nigerian media mogul arrested after bombings

In Congo mass rapes, UN guilty of negligence, not complicity

Latin America

How Colombia’s President Santos aims to tackle decades of violent land disputes

Foreign investors not scared of housing market

Lack of a recovery have many saying opportunities too cheap to turn down

By MICHELLE CONLIN

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos – designed by hipster tastemaker Kelly Wearstler – and their hotel-like amenities: poolside libations, daily housekeeping and room service food stirred up by a celebrity chef.

Since January, 262 of the Viceroy’s 372 units have sold. But there’s a twist: Almost 90 percent of the buyers are foreigners. And theyall paid cash.

A Inside View of the IMF’s Massive Global Influence

Money Is Power

By Klaus Brinkbäumer and Ullrich Fichtne

The building that houses the headquarters of the global economy is a heavily guarded, 12-story, beige structure in downtown Washington with a large, glass atrium and water bubbling in fountains. The flags of the 187 member states are lined up in tight formation.

Visitors walking into the office building find the cafeteria on the right, where many meetings are held. There, experts in their shirtsleeves, their jackets draped over the backs of chairs, drink lattes out of paper cups and talk countries into crises or upturns. A little farther down the hallway is The Terrace, the IMF building’s upscale restaurant where the director receives official guests.

USA

U.S. Military Orders Less Dependence on Fossil Fuels

 

By ELISABETH ROSENTHAL

Published: October 4, 2010

With insurgents increasingly attacking the American fuel supply convoys that lumber across the Khyber Pass into Afghanistan, the military is pushing aggressively to develop, test and deploy renewable energy to decrease its need to transport fossil fuels.

Last week, a Marine company from California arrived in the rugged outback of Helmand Province bearing novel equipment: portable solar panels that fold up into boxes; energy-conserving lights; solar tent shields that provide shade and electricity; solar chargers for computers and communications equipment.

Families are trimming plans to pay for college, survey finds



By Ylan Q. Mui

Washington Post Staff Writer

Tuesday, October 5, 2010; 12:02 AM  


American families are scaling back plans to pay for their children’s college education as the stunted economic recovery continues to weigh on household budgets, according to a survey to be released Tuesday that was commissioned by college lender Sallie Mae.

The study, which was conducted by Gallup, found that the percentage of families who planned to make little or no contribution to tuition increased, while the percentage who expected to cover more than half of expenses decreased. The trends were particularly pronounced in Hispanic families, where the number who thought they could only pay a little jumped from 12 percent to 35 percent.

Europe

Mayor ousted for corruption plots return to Moscow political fray



By Miriam Elder in Moscow Tuesday, 5 October 2010

The powerful former mayor of Moscow says he plans to form a new political movement to bring democracy back to Russia, nearly one week after he was fired by President Dmitry Medvedev.

Yury Luzhkov, who during his 18 years as mayor saw Moscow become the epicentre of Russia’s corruption and lawlessness, made the announcement in an interview published on Monday in the opposition weekly magazine,The New Times.

Kremlin criticizes Belarus leader ahead of elections in the former Soviet republic

The Kremlin has stepped up its criticism of Belarusian President Alexander Lukashenko, shortly after Russian President Dmitry Medvedev accused the autocratic leader of creating ill-will between the two nations.

DIPLOMACY | 05.10.2010

Russia and Belarus are hardy on speaking terms following an angry tit-for-tat exchange of accusations. News of the high-level diplomatic row could not have surfaced at a worse time for Belarusian President Aleksander Lukashenko, who is seeking re-election in December.

In a video blog, Russian President Dimitry Medvedev said that Lukashenko could no longer count on the political support of the Kremlin, which he has enjoyed since he came to power in 1994.

“Today I want to talk to you about our closest ally, Belarus.”

Middle East

Israeli settlers ‘burnt down West Bank mosque’

 

By Catrina Stewart in Jerusalem Tuesday, 5 October 2010

Palestinians yesterday accused Jewish settlers of setting fire to a West Bank mosque and scrawling “revenge” in Hebrew on its walls, a provocative move that will heighten tensions amid faltering peace talks.

Vandals broke into the mosque and set it alight early yesterday in Beit Fajjar, a village near Bethlehem. The blaze destroyed several copies of the Koran and prayer rugs. Palestinian witnesses alleged the fire was the work of nearby Jewish settlers, who they saw torching the mosque before speeding off in a white car

Syria accuses teenage blogger of spying



October 5, 2010 – 6:06AM

Syria has accused a 19-year-old blogger who is in prison of being a spy, an official said on Monday in the first comment from authorities on a case that sparked calls by a leading rights group for the young woman’s release.

Tal al-Mallohi was taken into custody in December. Her blog, known for poetry and social commentary, focuses mostly on the suffering of Palestinians. It was not clear whether al-Mallohi’s arrest was connected to the blog.

Asia

SPIEGEL Interview with Pervez Musharraf

‘Pakistan is Always Seen as the Rogue’



SPIEGEL: Pakistanis have been left bewildered by the incompetence of the government led by President Asif Ali Zardari in dealing with the consequences of the disastrous floods. Do you expect another military coup soon?

Musharraf: Whenever the country is in turmoil, everybody looks to the army. But I would suggest that the times of military coups in Pakistan are over. The latest political developments have shown that the Supreme Court has set a bar on itself not to validate a military takeover.

SPIEGEL: How would you judge the performance of your successor, Zardari, and Prime Minister Yousuf Raza Gilani?

Carrings on up the Khyber Pass  



By Syed Saleem Shahzad  

ISLAMABAD – Hawkish anti-American elements in Pakistan’s military prevailed on pro-United States army chief General Ashfaq Pervez Kiani to close a key North Atlantic Treaty Organization (NATO) supply route in Pakistan in a move that signals a possible ominous deterioration in relations between Islamabad and Washington.

The hand of the hawks was strengthened by a record number of US unmanned drone attacks inside Pakistan last month – 22 – as well as two raids by US gunships into Pakistani territory.

On Thursday, Pakistan blocked the Khyber Pass at the Torkham border crossing into Afghanistan through which 80% of the NATO supplies that pass through Pakistan are transported.

Africa

Nigerian media mogul arrested after bombings

Authorities arrested the chairperson of a former military dictator’s presidential campaign Monday in connection with a set of dual car bombings in Nigeria’s capital that killed a dozen people, said senior government officials.

LAGOS, NIGERIA Oct 05 2010

Raymond Dokpesi is the owner of the Africa Independent Television network, which is one of the largest in Africa’s most populous nation. He also chairs the presidential campaign for President Goodluck Jonathan’s greatest political threat in the upcoming primary for Nigeria’s ruling party, Ibrahim Babangida.

The allegations against Dokpesi will test whatever political power Jonathan has managed to amass in his five months in office since the death of his predecessor. Dokpesi has previously accused Jonathan’s supporters of being behind threats to kidnap his family, a charge Jonathan’s office denied.

In Congo mass rapes, UN guilty of negligence, not complicity

A report on the Congo mass rapes this summer makes it clear that while UN forces in the area were guilty of negligence by not knowing enough to stop the events, they did not play a direct role in the mass rapes.

By Jason Stearns, Guest blogger / October 4, 2010

There has been a lot of talk about the mass rapes that took place in Walikale (in the Democratic Republic of the Congo) in late July and early August. I only now got around to reading the MONUSCO report, which I have posted here in French. It’s pretty graphic in parts – the attackers apparently searched the women’s body cavities for gold and money before raping them. Some of the women were bitten by snakes in the forest during the rape. The report says 303 people were raped – 235 women, 15 men, 52 girls and three boys. Awful.

Latin America

How Colombia’s President Santos aims to tackle decades of violent land disputes

Colombia President Juan Manuel Santos’s new attempt at land reform will begin with the restitution of 5 million acres over four years – an area about the size of Massachusetts.  

By Sibylla Brodzinsky, Correspondent / October 4, 2010  

San Onofre, Colombia

Colombia has tried this before.

In 1968, the government encouraged peasants to take over fallow land. This spurred Manuel Aguas, once a stableboy who grew weary of taking orders from his boss’s children, to join 19 other families in invading a large ranch, which was eventually expropriated and awarded to them by the government. The peasant movement was short-lived as its leaders were labeled leftist guerrillas and either killed or scared away.

“I fulfilled my dream but so many others died before they could,” says Mr. Aguas, now in his 70s

Ignoring Asia A Blog  

Playa or Liar?

(E)ither Biden got played, or he lied.  Either they didn’t have the votes in the first place, or they couldn’t hold them.  In either case, there is nothing preventing the President, as the Commander in Chief, from suspending Don’t Ask, Don’t Tell discharges pending the Pentagon review if he’s sincere and that’s what he really wants.  He could do it today.

Obama says liberals are hurting Democrats and depressing turnout when they criticize him.  Well, he’s not up for reelection in November, and we’re doing plenty to support Democrats.  We’ve raised nearly $40,000 for Russ Feingold in the past week alone.

But right before an election is the time that the public is supposed to express their concerns and hold their representatives accountable.  That’s why we have elections in the first place.  It’s the last chance people will have to push their elected officials on how they plan to vote on the Catfood Commission’s recommendations in December, which members of the commission say will include cuts in Social Security benefits.  A bill that Obama plans to sign.

Anyone who tells people to be silent now is telling you to give up your last chance to fight to keep Congress from voting to reduce the deficit on the backs of senior citizens.

But Obama’s not talking about the fact that people are unhappy about his Catfood Commission plans.  He says that people expect too much too soon, but that’s a straw man.  That’s not what’s happening at all.

People understand when they’re being played.  And they don’t like it.

The Dizzying War on Terror: Up Date

(4 pm. – promoted by ek hornbeck)

Round and round it goes, where this stops nobody knows.

Three killed in attack on Nato tankers which the Taliban claimed responsibility for because U.S. drone strikes increase on Pakistan border which happened because an increased risk of terrorist attacks in Europe, with Washington saying al Qaeda might target transport infrastructure. Terror strikes provoke drones attacks which provoke more terror attacks which provoke….Dizzy yet?

Glenn Greenwald sums it up nicely:

What a surprise: bombing Muslims more and more causes more and more Muslims to want to bomb the countries responsible.  That, of course, has long been the perverse “logic” driving the War on Terror.  The very idea that we’re going to reduce Terrorism by more intensively bombing more Muslim countries is one of the most patently absurd, self-contradicting premises that exists.  It’s exactly like announcing that the cure for lung cancer is to quadruple the number of cigarettes one smokes each day.  But that’s been the core premise (at least the stated one) of our foreign policy for the last decade:  we’re going to stop Terrorism by doing more and more of exactly the things that cause it (and see this very good Economist article  on the ease with which drones allow a nation’s leaders to pretend to its citizenry that they are not really at war — as we’re doing with Pakistan).

So where does this end Mr. President? Are you now going to send ground troops into Pakistan?

Visit msnbc.com for breaking news, world news, and news about the economy

Up Date: From Glenn Greenwald:

…..a 2004 Task Force convened by Donald Rumsfeld said about the actual causes of Terrorism and, specifically, the effects on Terrorism from our wars in Afghanistan and Iraq.  The whole Report is worth reviewing, but among the highlights:  (a) the “underlying sources of threats to America’s national security” are grounded in “negative attitudes” towards the U.S. in the Muslim world and “the conditions that create them”; (b) what most exacerbates anti-American sentiment, and therefore the threat of Terrorism, is “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”; and (c) “Muslims do not ‘hate our freedom,’ but rather, they hate our policies.”

Prime Time

All premiers on broadcast, none worth watching unless you’re into the train wreck that is Bristol Palin.

Later-

Dave hosts Bruce Willis (a waste of time) will.i.am, and Nicki Minaj.  Jon has Sam Harris, Stephen Eugene Robinson.  Alton does Salt.

BoondocksThe Garden Party (Series Premier repeat)

Nigga, if you ruin this party for me, I’ll put my…

Ruin the party? They love me. These people aren’t worried about us. They’re not worried about anything. They’re rich. No matter what happens, these people just keep applauding.



Attention please. Attention please. My name is Uncle Ruckus, no relation. I want to sing y’all a brand new song I just wrote called “Don’t Trust Them New Niggers Over There”. Sing along if you know the words.

Don’t trust them new niggers over there

Leaving they nigger essence in the air

Them happy, nappy head niggers

With they finger on the trigger

Don’t trust them new niggers over there

Don’t trust them big nostrils over yonder

They suck up so much air it’ll make you wonder

Don’t them new niggers

With they spidey little nigger figures

Don’t trust them new niggers over there.

I think the N-word is OK as long as they say it.



Excuse me. Everyone, I have a brief announcement to make. Jesus was black, Ronald Reagan was the devil, and the government is lying about 9/11. Thank you for your time and good night.

How many times have I told you you bet’ not even dream of tellin’ white folk the truth? You understand me? Shoot… makin’ white people riot. You better learn how to lie like me. I’m gonna find me a white man and lie to him right now.

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Europe triumph in thrilling Ryder Cup finale

by Rob Woollard, AFP

1 hr 21 mins ago

NEWPORT, Wales (AFP) – Europe defeated the United States to win the Ryder Cup here on Monday, prevailing in a thrilling contest to finally overcome a gutsy American fightback.

US Open champion Graeme McDowell was the hero for the Europeans, holding his nerve to close out a three and one victory over world number 16 Hunter Mahan amid joyous scenes at Celtic Manor.

The victory avenged Europe’s defeat to the Americans at Valhalla two years ago and was witnessed by an estimated 35,000 fans, who turned out in droves to see the first Monday finish in the history of the competition.

2 Father of the ‘test tube baby’ Edwards wins Nobel Prize

by Nina Larson, AFP

52 mins ago

STOCKHOLM (AFP) – IVF pioneer Bob Edwards, who brought the joy of parenthood to millions of infertile couples, won the Nobel Prize for Medicine on Monday, more than three decades after the first test tube birth.

In their first announcement of the annual prize season, the Nobel committee hailed the 85-year-old Briton’s work as “a milestone in the development of modern medicine” while the original test tube baby offered her congratulations.

“It’s fantastic news. Me and mum are so glad that one of the pioneers of IVF has been given the recognition he deserves,” said Louise Brown.

3 Bosnia divided on key vote

by Katarina Subasic, AFP

Mon Oct 4, 10:56 am ET

SARAJEVO (AFP) – Bosnia’s election results showed moderates gaining ground in the central government, but hardliners remained entrenched in the Serb entity, casting a shadow Monday over the country’s European future.

Moderate Bakir Izetbegovic was set to secure the main Muslim seat in Bosnia’s tripartite presidency after Sunday’s vote, according to partial results.

The Serbs meanwhile re-elected hardline Bosnian Serb nationalist Nebojsa Radmanovic, who has advocated secession of the Serb-run Republika Srpska.

4 UN climate chief urges Chinese flexibility

by Dan Martin, AFP

Mon Oct 4, 7:50 am ET

TIANJIN, China (AFP) – China should show more flexibility in global negotiations on curbing greenhouse gas emissions, the UN climate chief said on Monday, although she praised the Asian nation for helping lead the talks.

“It is absolutely indispensable that China show leadership, accompanied by all other countries, to be flexible in order to be able to reach the compromises that are necessary before Cancun,” Christiana Figueres said.

The head of the UN Framework Convention on Climate Change spoke on the opening day of talks hosted by China that are aimed at paving the way for agreements at a UN climate summit in Cancun, Mexico, starting on November 29.

5 Sanofi-Aventis launches hostile bid for Genzyme

AFP

Mon Oct 4, 12:30 pm ET

NEW YORK (AFP) – French pharmaceutical giant Sanofi-Aventis on Monday said it had launched a 18.5-billion-dollar hostile bid for US biotechnology group and rare disease specialist Genzyme, which urged shareholders to refrain from action.

“Genzyme’s refusal to take part in constructive discussions has led Sanofi-Aventis to put forward its offer directly to shareholders,” Sanofi said in a statement.

The company said its bid, at 69 dollars per share, would remain open until December 10.

6 Europe triumph in thrilling Ryder Cup finale

by Rob Woollard, AFP

1 hr 30 mins ago

NEWPORT, Wales (AFP) – Europe defeated the United States to win the Ryder Cup here on Monday, prevailing in a thrilling contest to finally overcome a gutsy American fightback.

US Open champion Graeme McDowell was the hero for the Europeans, holding his nerve to close out a three and one victory over world number 16 Hunter Mahan amid joyous scenes at Celtic Manor.

The victory avenged Europe’s defeat to the Americans at Valhalla two years ago and was witnessed by an estimated 35,000 fans, who turned out in droves to see the first Monday finish in the history of the competition.

7 Sparse crowds as Australia dominate Games

by Martin Parry, AFP

Mon Oct 4, 10:37 am ET

NEW DELHI (AFP) – The Commonwealth Games got underway on Monday with Australia dominating the first day of action, but sparse crowds caused another headache for under-pressure organisers.

As the focus switched to sport after a nightmarish run-up damaged India’s reputation, the Aussies clinched four gold medals, including the men’s team gymnastics title ahead of England and Canada.

In the pool, they added three more with Kylie Palmer powering her way to victory in the 200m freestyle, Alicia Coutts taking the 200m individual medley crown and their men edging England in the 4x100m freestyle relay.

8 Three dead as 20 NATO tankers set ablaze in Pakistan

AFP

Sun Oct 3, 7:10 pm ET

ISLAMABAD (AFP) – Three people were killed on Monday and up to eight others wounded when about 20 NATO oil tankers were attacked and set ablaze near the Pakistani capital, in the second mass torching in days.

Television pictures showed towering flames springing from the trucks that were filling up just outside Islamabad en route to Afghanistan early in the morning when gunmen attacked the convoy with molotov cocktails.

It follows a similar incident on Friday in the south, when heavily armed gunmen set ablaze more than two dozen trucks and tankers carrying fuel for the 152,000-strong foreign forces fighting the Taliban-led insurgency.

9 Summer comes to Paris with Ungaro garden party

by Emma Charlton, AFP

Mon Oct 4, 10:26 am ET

PARIS (AFP) – Summer came to town on Monday as Emanuel Ungaro’s new British designer threw a garden party in Paris, showcasing a high-society look that was all flowers, glitter and delicate lacework.

Giles Deacon skipped the catwalk in favour of a live display, with models sipping champagne around a montage of flower-covered old cars — Beetles and a yellow camper van — with giant butterflies poking out the top.

A whiff of the 1920s filled the vast glass venue, as models showed off black cocktail dresses of see-thru lace embroidery, with dangling crystal earrings and hair in a single rolled plait over the forehead.

10 U.S. sues Amex; Visa and MasterCard settle

By Diane Bartz and Maria Aspan, Reuters

34 mins ago

WASHINGTON/NEW YORK (Reuters) – The Justice Department sued American Express Co on Monday, saying its rules preventing merchants from encouraging consumers to use cheaper, rival credit cards violate antitrust law.

Simultaneously, the Justice Department settled with Visa Inc and MasterCard Inc, which agreed to allow merchants to offer discounts to consumers who use less expensive types of credit or debit cards.

The lawsuit has the potential to cut into a significant source of profits at American Express and threatens to reshape the competitive landscape of the card processing business.

11 NATO chief apologizes, Pakistani Taliban vow revenge

By Kamran Haider and David Brunnstrom, Reuters

Mon Oct 4, 11:03 am ET

ISLAMABAD/BRUSSELS (Reuters) – NATO’s chief expressed regret on Monday for the deaths of Pakistani soldiers last week and said he hoped Pakistan’s border would reopen for NATO supplies to Afghanistan as soon as possible.

Angered by repeated attacks by NATO helicopters on militant targets within its borders, Pakistan blocked one of the supply routes for NATO troops in Afghanistan after a strike killed three Pakistani soldiers in the western Kurram region.

Analysts and Western officials said Pakistan’s closure of the border for a few days would not seriously impact the war effort in Afghanistan, but it would create political tension that Pakistan could exploit.

12 IVF pioneer wins medicine Nobel prize

By Mia Shanley, Reuters

Mon Oct 4, 12:38 pm ET

STOCKHOLM (Reuters) – British physiologist Robert Edwards, whose work led to the first “test-tube baby”, won the 2010 Nobel prize for medicine or physiology, the prize-awarding institute said on Monday.

Sweden’s Karolinska Institute lauded Edwards, 85, for bringing joy and hope to the more than 10 percent of couples worldwide who suffer from infertility.

Known as the father of in-vitro fertilization (IVF), Edwards picked up the prize of 10 million Swedish crowns ($1.5 million) for what the institute called a “milestone in the development of modern medicine”

13 Brazil’s Serra takes underdog candidacy to runoff

By Terry Wade and Todd Benson, Reuters

Mon Oct 4, 6:21 am ET

SAO PAULO (Reuters) – Emboldened Brazilian opposition leader Jose Serra must lure environmentalists and others who backed a third-party candidate in Sunday’s election if he is to derail frontrunner Dilma Rousseff’s march to the presidency.

Serra’s underdog candidacy remained alive after Rousseff, a former Marxist guerrilla handpicked by President Luiz Inacio Lula da Silva to succeed him at the helm of Latin America’s largest economy, fell short of the 50 percent of votes needed for outright victory.

With nearly all the ballots counted, Rousseff had won 46.9 percent to Serra’s 32.6 percent. They will face each other in an October 31 run-off.

14 Sanofi launches hostile $18.5 billion bid for Genzyme

By Nina Sovich and Leila Abboud, Reuters

1 hr 30 mins ago

PARIS (Reuters) – France’s Sanofi-Aventis launched an $18.5 billion hostile bid for Genzyme, offering $69 per share directly to investors and raising pressure on the U.S. biotech to start negotiations.

Sanofi will eventually have to raise its offer, already rejected by Genzyme a month ago, investors and analysts said after the tender offer was announced on Monday.

Sanofi Chief Executive Chris Viehbacher said he would prefer to hold friendly talks, but was repeatedly rebuffed by Genzyme CEO Henri Termeer over several months of trying to discuss a deal. The all-cash offer expires on December 10.

15 Iraq raises proven oil reserves figure by 25 percent

By Ahmed Rasheed, Reuters

Mon Oct 4, 8:20 am ET

BAGHDAD (Reuters) – Iraq raised its proven oil reserves figure by a quarter on Monday in a bid to match the clout of leading producer Saudi Arabia and strengthen its case for OPEC to grant it a higher output quota.

New estimates at the giant West Qurna and Zubair fields helped push the total figure to 143 billion barrels, but some analysts said they were skeptical about the massive revision and were not expecting OPEC to deal with the Iraqi quota until Baghdad manages to raise production and exports.

“The oil reserve is for 66 discovered oilfields in Iraq, and there are many others that have not been discovered yet,” Oil Minister Hussain al-Shahristani. “It is expected this figure will be increased when these oilfields are discovered.

16 India restores pride with Games opening show

By Amlan Chakraborty, Reuters

Mon Oct 4, 2:14 am ET

NEW DELHI (Reuters) – India reclaimed some of its lost pride with a vibrant opening ceremony to the 19th Commonwealth Games on Sunday after weeks of negative publicity about problems with the preparations.

Anger over the chaotic build-up spilled over into the ceremony, however, when chief organizer Suresh Kalmadi, widely held responsible for the mess, was booed as he rose to address some 60,000 spectators at the Jawaharlal Nehru Stadium.

Britain’s Prince Charles opened the Games after delivering a message from his mother Queen Elizabeth, the head of the Commonwealth, but India’s President Pratibha Patel was also given a prominent role in a diplomatic compromise.

17 Mets fire manager Manuel, GM Minaya in shake-up

By HOWIE RUMBERG, AP Sports Writer

1 hr 35 mins ago

NEW YORK – The New York Mets fired manager Jerry Manuel and general manager Omar Minaya on Monday, an expected shake-up of the big-spending ballclub after its second straight losing season. The Mets said a search is under way for a new GM, who will work with the team to hire a new manager.

“We are extremely disappointed in this year’s results and the failures of the past four seasons,” said chief operating officer Jeff Wilpon, the son of owner Fred Wilpon. “We need to hire a new general manager with a fresh perspective who will transform this club into a winner that we want and our fans deserve.”

Manuel is the seventh manager this season to lose his job. The final guaranteed year of Manuel’s contract expired, and the Mets declined to exercise the club’s option on the deal.

18 Census shows connectedness of world’s marine life

By SETH BORENSTEIN, AP Science Writer

1 hr 34 mins ago

WASHINGTON – The world’s oceans may be vast and deep, but a decade-long count of marine animals finds sea life so interconnected that it seems to shrink the watery world. An international effort to create a Census of Marine Life was completed Monday with maps and three books, increasing the number of counted and validated species to 201,206.

A decade ago the question of how many species are out there couldn’t be answered. It also could have led to a lot of arguments among scientists. Some species were counted several or even dozens of times, said Jesse Ausubel of the Alfred Sloan Foundation, the co-founder of the effort that involved 2,700 scientists.

The $650 million project got money and help from more than 600 groups, including various governments, private foundations, corporations, non-profits, universities, and even five high schools. The Sloan foundation is the founding sponsor, contributing $75 million.

19 Emanuel hits Chicago streets, makes case for mayor

By LINDSEY TANNER, Associated Press Writer

1 hr 20 mins ago

CHICAGO – Former White House chief of staff Rahm Emanuel began campaigning for Chicago mayor on Monday with the standard fare – greeting surprised commuters at a downtown train station, listening to voters’ ideas for improving the city and posing for cell phone photos.

But in announcing his candidacy on YouTube and launching a campaign Facebook page, Emanuel signaled he’d also be using a strategy he helped craft to such great effect for his former boss, President Barack Obama, by galvanizing support among young voters through near constant contact via online postings, text messages and e-mails.

With a small army of television news crews in tow, Emanuel engaged commuters at a downtown elevated train station, spoke to diners at a South Side restaurant and shook hands with pedestrians in the bustling Pilsen neighborhood. He leaned in close when voters spoke and appeared to concentrate on what they were telling him.

20 Nigerian media mogul arrested after bombings

By JON GAMBRELL and BASHIR ADIGUN, Associated Press Writershttp://news.yahoo.com/s/ap/20101004/ap_on_re_af/af_nigeria_media_mogul_arrested

23 mins ago

LAGOS, Nigeria – Authorities arrested the chairman of a former military dictator’s presidential campaign Monday in connection with a set of dual car bombings in Nigeria’s capital that killed a dozen people, senior government officials told The Associated Press.

Raymond Dokpesi is the owner of the Africa Independent Television network, which is one of the largest in Africa’s most populous nation. He also chairs the presidential campaign for President Goodluck Jonathan’s greatest political threat in the upcoming primary for Nigeria’s ruling party, Ibrahim Babangida.

The allegations against Dokpesi will test whatever political power Jonathan has managed to amass in his five months in office since the death of his predecessor. Dokpesi has previously accused Jonathan’s supporters of being behind threats to kidnap his family, a charge Jonathan’s office denied.

21 In vitro UK pioneer Edwards wins medicine Nobel

By KARL RITTER and MALIN RISING, Associated Press Writers

26 mins ago

STOCKHOLM – Robert Edwards of Britain won the 2010 Nobel Prize in medicine on Monday for developing in vitro fertilization, a breakthrough that has helped millions of infertile couples have children but also ignited an enduring controversy with religious groups.

Edwards, an 85-year-old professor emeritus at the University of Cambridge, started working on IVF as early as the 1950s. He developed the technique – in which eggs are removed from a woman, fertilized outside her body and then implanted into the womb – together with British gynecologist surgeon Patrick Steptoe, who died in 1988.

On July 25, 1978, Louise Brown in Britain became the first baby born through the groundbreaking procedure, marking a revolution in fertility treatment.

22 Japan warns about Europe terror; tourists are calm

By JAMEY KEATEN and ASIF SHAHZAD, Associated Press

28 mins ago

PARIS – Japan and Sweden joined the U.S. and Britain on Monday in warning citizens about traveling in Europe because of concerns about a terror attack. Pakistani intelligence officials said five German militants were believed killed in an American missile strike close to the Afghan border.

Two officials said the victims were believed to be German citizens in the region for terrorist training. A third said they were believed to be foreigners, but gave no details.

The officials spoke anonymously because their agency does not permit operatives to be named in the media.

23 New high court era: Kagan makes 3 women on bench

By MARK SHERMAN, Associated Press Writer

7 mins ago

WASHINGTON – The Supreme Court began a new era Monday with three women serving together for the first time, Elena Kagan taking her place at the end of the bench and quickly joining in the give-and-take.

In a scene that will repeat itself over the next few months, Kagan left the courtroom while the other justices remained to hear a case in which she will take no part. She has taken herself out of 24 pending cases, including the second of the two argued Monday, because of her work as the Obama administration’s solicitor general prior to joining the court in August.

Opening its new term on the traditional first Monday in October, the court turned down hundreds of appeals, including one from the relatives of victims of the Sept. 11 attacks. They are seeking a proper burial for material taken from the World Trade Center site because it could contain the ashes of victims.

24 Nigerian media mogul arrested after bombings

By JON GAMBRELL and BASHIR ADIGUN, Associated Press Writers

31 mins ago

LAGOS, Nigeria – Authorities arrested the chairman of a former military dictator’s presidential campaign Monday in connection with a set of dual car bombings in Nigeria’s capital that killed a dozen people, senior government officials told The Associated Press.

Raymond Dokpesi is the owner of the Africa Independent Television network, which is one of the largest in Africa’s most populous nation. He also chairs the presidential campaign for President Goodluck Jonathan’s greatest political threat in the upcoming primary for Nigeria’s ruling party, Ibrahim Babangida.

The allegations against Dokpesi will test whatever political power Jonathan has managed to amass in his five months in office since the death of his predecessor. Dokpesi has previously accused Jonathan’s supporters of being behind threats to kidnap his family, a charge Jonathan’s office denied.

25 Vatican: Nobel to IVF pioneer raises questions

By NICOLE WINFIELD, Associated Press Writer

1 hr 35 mins ago

VATICAN CITY – The Vatican’s top bioethics official said Robert Edwards, who received the Nobel Prize in medicine Monday for developing in vitro fertilization, opened “a new and important chapter in the field of human reproduction” but is also responsible for the destruction of embryos and the creation of a “market” in donor eggs.

Monsignor Ignacio Carrasco de Paula, the newly appointed head of the Pontifical Academy for Life, said awarding the Nobel to Edwards is “not completely out of place.” But he said it raised a great number of questions, not least because his research didn’t treat the underlying problem of infertility but rather skirted it.

Edwards, an 85-year-old Briton who is professor emeritus at the University of Cambridge, won the prestigious award on Monday. The Nobel medicine prize committee said some 4 million people have been born through IVF.

26 Pakistan, US tensions spike after border closure

By KIMBERLY DOZIER and CHRIS BRUMMITT, Associated Press Writers

1 min ago

ISLAMABAD – Hundreds of U.S. and NATO trucks carrying fuel and other supplies for troops in Afghanistan lie idle. Dramatic images of Taliban attacks on these convoys are splashed across front pages in this anti-American country with a U.S.-allied government.

Pakistan’s shutting of a key supply line for coalition troops in Afghanistan and the apparent ease with which militants are attacking the stranded convoys are shaking an already uncomfortable relationship between Washington and Islamabad.

The tension comes just as Washington is stepping up its shadow war on militants harbored in Pakistan’s border regions. CIA missile attacks, which have killed dozens of insurgents including some high-ranking al-Qaida operatives, are running at record levels – a sign of America’s impatience with Pakistan’s inaction in some parts of the frontier.

27 New survey on sex in US, biggest since 1994

By DAVID CRARY, AP National Writer

Mon Oct 4, 6:39 am ET

NEW YORK – The male-female orgasm gap. The sex lives of 14-year-olds. An intriguing breakdown of condom usage rates, by age and ethnicity, with teens emerging as more safe-sex-conscious than boomers.

That’s just a tiny sampling of the data being unveiled Monday in what the researchers say is the largest, most comprehensive national survey of Americans’ sexual behavior since 1994.

Filling 130 pages of a special issue of the Journal of Sexual Medicine, the study offers detailed findings on how often Americans have sex, with whom, and how they respond. In all, 5,865 people, ranging in age from 14 to 94, participated in the survey.

28 Europe holds on to win thrilling Ryder Cup

By DOUG FERGUSON, AP Golf Writer

1 hr 35 mins ago

NEWPORT, Wales – Graeme McDowell capped off an unforgettable year for himself – and for Europe.

In a Ryder Cup that came down to the very last match Monday, McDowell rolled in a 15-foot birdie putt on the 16th hole, then closed out Hunter Mahan to give Europe the 14 1/2 points it needed to reclaim the precious gold trophy.

It was the first time since 1991 that the Ryder Cup was decided by the final singles match, a thriller made possible by the Americans getting big wins from their best players and a stunning comeback by 21-year-old rookie Rickie Fowler.

29 Playoffs set: Giants drop Padres, Braves go wild

By BEN WALKER, AP Baseball Writer

Mon Oct 4, 6:39 am ET

A flurry of tiebreakers, that might’ve been fun for fans. For the San Francisco Giants and Atlanta Braves, a guaranteed spot in the playoffs was just fine.

What could’ve turned into a real tangle of a postseason picture suddenly became clear Sunday: Manager Bobby Cox and his wild-card Braves will face the Giants, while the San Diego Padres are finished.

“We try hard,” Cox said after beating the Philadelphia Phillies. “This team is the hardest-working, hardest-trying team we’ve ever had here.”

30 SPIN METER: Business group turns on past allies

By KEVIN FREKING, Associated Press Writer

Mon Oct 4, 11:59 am ET

WASHINGTON – During the worst of the economic crisis, the nation’s most powerful business lobby pleaded with Congress to prop up financial institutions and stimulate the economy with hundreds of billions of dollars in borrowed money.

“Make no mistake: When the aftermath of congressional inaction becomes clear, Americans will not tolerate those who stood by and let the calamity happen,” wrote Bruce Josten, the U.S. Chamber of Commerce’s vice president in September 2008, who at the time pressed lawmakers before their vote on a $700 billion bailout for Wall Street.

A few months later, Congress faced a similar reckoning – whether to pass an $814 billion economic stimulus package consisting of about one-third tax breaks and two-thirds additional government spending. Again, Josten wrote to lawmakers: “The global economy is in uncharted and dangerous waters and inaction from Washington is not an option.”

31 Brazil goes to runoff after Rousseff falls short

By BRADLEY BROOKS, Associated Press Writer

Mon Oct 4, 6:46 am ET

SAO PAULO – Ruling-party candidate Dilma Rousseff, who is trying to become Brazil’s first female leader, fell short of getting a majority of votes in presidential elections and now faces a runoff in four weeks against an experienced, centrist rival.

Rousseff – popular President Luiz Inacio Lula da Silva’s hand-chosen successor – outpaced rival Jose Serra 46.9 percent to 32.6 percent in Sunday’s vote, but didn’t get the 50 percent she needed to win outright. Analysts were split on whether there was enough campaign time left for the underdog opposition candidate to close the gap.

Much depends on the other female candidate, the Green Party’s Marina Silva, who won a surprising 19.4 percent of the vote. She said her party’s leadership would decide whether to throw their support behind Rousseff or Serra, though she emphasized it was up to individual voters to make their own choices.

32 Contractor: BP interfered with critical efforts

By HARRY R. WEBER, Associated Press Writer

2 hrs 34 mins ago

METAIRIE, La. – BP interfered with critical efforts to lower an undersea robot to try to close the device that failed to stop the massive Gulf of Mexico oil spill because of concerns over heat buildup from the burning rig, a salvage firm executive said Monday.

The testimony came from Doug Martin, president of Smit Salvage Americas, which was hired to help try to save the Deepwater Horizon after it exploded. He told a federal investigative panel that in the hours after the April 20 disaster, he thought it was important to quickly get the robot into the water so engineers could choke off the oil.

But, Martin said, BP officials discussed calculating how the heat from the fire would impact the boat that was to launch the robot. He said he believed that it was a waste of time and that BP was interfering.

33 In a TV comedy, Egyptian women gain a voice

By HADEEL AL-SHALCHI, Associated Press Writer

Mon Oct 4, 6:40 am ET

CAIRO – It’s rare in Egypt’s pop culture to get a direct and frank look inside the minds of Egyptian women and what they really think of marriage and love. So a TV comedy became a startling voice in this conservative society’s debate over the changing role of women.

The show, “I Want to Get Married,” makes a simple point, but one that resounded strongly: Women want to be an active part of the process of finding a life partner, not passive objects whose fate is to be decided by their mothers, fathers or suitors.

The message made it a hit among Egyptians – that and the humor it mined from the quirks of Egyptian middle-class matchmaking, where suitors file through the family salons of potential brides to check them out, confident with the expectation that every woman – particularly those above 30 – will be eager to snap them up.

34 City scandal makes officials outcasts in hometown

By JOHN ROGERS, Associated Press Writer

Mon Oct 4, 4:51 am ET

BELL, Calif. – There was a time in this modest blue-collar community when Mayor Oscar Hernandez was all but hailed as a superhero, the big friendly guy who said hello to everybody when he wasn’t busy greeting them at his venerable corner grocery store.

Those days ended abruptly last July after it was disclosed that Hernandez was presiding over a City Council with four of five members who were paying themselves and other leaders exorbitant salaries while one in six residents live in poverty.

Now all that has changed as the ousted city manager, the mayor and the three other council members face criminal charges in a scandal the district attorney called “corruption on steroids.”

35 Delegates told to ID achievable goals on climate

By TINI TRAN, Associated Press Writer

Mon Oct 4, 12:30 pm ET

TIANJIN, China – The U.N. climate chief urged countries Monday to search faster for common ground on battling climate change so that a year-end meeting in Mexico can produce results in that fight.

Christiana Figueres told 3,000 delegates in China – the last negotiations before Cancun – that countries must identify achievable goals ahead of December’s conference so progress can be made toward a global climate treaty.

“As governments, you can continue to stand still or move forward. Now is the time to make that choice,” she told delegates in the northern port of Tianjin.

36 Casino owners, senators charged in Ala bingo probe

By PHILLIP RAWLS, Associated Press Writer

27 mins ago

MONTGOMERY, Ala. – After the governor began raiding the state’s electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. Part of the plan, federal authorities said Monday, was to offer lawmakers millions of dollars in bribes.

The Justice Department unveiled an indictment accusing the owner of Alabama’s largest casino, four state senators and several lobbyists of a scheme to buy and sell votes in the Legislature. One defendant has pleaded guilty to offering a senator $2 million to vote for a bill to keep the bingo machines operating.

Since Republican Gov. Bob Riley began his raids nearly two years ago, the issue has set off angry statehouse rallies and complaints by local officials that casino closures cost poor counties much-needed jobs. Against this backdrop and with the pro-gambling bill on the verge of passage, the Justice Department announced last spring that it was looking into corruption at the statehouse.

37 Wis. prosecutor quits after ‘sexting’ abuse victim

By TODD RICHMOND, Associated Press Writer

49 mins ago

MADISON, Wis. – An embattled Wisconsin prosecutor who tried to spark an affair with a domestic violence victim by sending racy text messages resigned in disgrace Monday.

Calumet County District Attorney Ken Kratz said in a statement to the media that he has lost the confidence of the people he represents, “primarily due to personal issues which have now affected my professional career.”

His resignation comes less than three weeks after The Associated Press reported that he sent 30 text messages to a 26-year-old domestic abuse victim while he prosecuted her ex-boyfriend on a strangulation charge. Kratz, 50, called the woman a “hot nymph” and asked if she would enjoy secret contact with a married district attorney.

38 Plains mood: Times good, but incumbents in danger

By PATRICK CONDON, Associated Press Writer

53 mins ago

HOPE, N.D. – The recession that has brought misery to so much of America hasn’t touched Walter Grotte. His business moving silos and grain bins is prospering, and, like many in North Dakota, he has no financial worries. Life, he says, is “better than we deserve.”

But bring up the state’s Democratic congressman – a man Grotte voted for in 2008 and in seven elections before that – and the smile disappears.

“I’ll tell you what, I’ve thought about buying a billboard on the freeway between Fargo and Grand Forks with a big picture of Earl Pomeroy and Nancy Pelosi arm in arm,” Grotte said, sitting in the kitchen of his farmhouse near Hope, a town of 300 about 70 miles northwest of Fargo. “Earl seemed like a nice fella, but I think Harry Reid and Pelosi got leverage on him some way.”

39 Western lawmakers turn sights on endangered wolves

By MATTHEW BROWN, Associated Press Writer

Sun Oct 3, 9:19 pm ET

BILLINGS, Mont. – Two decades after the federal government spent a half-million dollars to study the reintroduction of gray wolves to the Northern Rockies, lawmakers say it’s time for Congress to step in again – this time to clamp down on the endangered animals.

To do so they are proposing to bypass the Endangered Species Act and lift protections, first enacted in 1974, for today’s booming wolf population.

Critics say the move would undercut one of the nation’s premiere environmental laws and allow for the unchecked killing of wolves across the West.

40 After 2 NY jumps, aiming to prevent public suicide

By CRISTIAN SALAZAR, Associated Press Writer

Sun Oct 3, 3:29 pm ET

NEW YORK – Eighteen-year-old Tyler Clementi typed his intention to millions on the Internet: “Jumping off the gw bridge sorry.” His body was found days later floating in the Hudson River beneath the George Washington Bridge.

Chef Joseph Cerniglia, a contestant on the reality cooking show “Kitchen Nightmares,” also jumped from the iconic bridge in the past two weeks. His restaurant was mired in debt, though beginning to make a comeback.

In March, Yale University student Cameron Dabaghi jumped from the Empire State Building’s 86th-floor observation deck. He had written a note beforehand saying he was sorry and would be jumping from either the George Washington Bridge or the totemic skyscraper.

41 Supreme Court to hear NASA privacy case

By ALICIA CHANG, AP Science Writer

Sun Oct 3, 12:30 pm ET

PASADENA, Calif. – For the past three years, Robert Nelson has been juggling two lives.

He’s a senior research scientist at the NASA Jet Propulsion Laboratory by day, attempting to determine whether Saturn’s giant moon Titan is volcanically active. When he’s not exploring the cosmos, he’s leading a legal fight to prevent his employer from asking private details about his life.

“It’s almost like having a second job,” Nelson said. “It takes you away from something you’d rather be doing.”

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.

Matt Taibbi: Tea & Crackers

How corporate interests and Republican insiders built the Tea Party monster

The world is changing all around the Tea Party. The country is becoming more black and more Hispanic by the day. The economy is becoming more and more complex, access to capital for ordinary individuals more and more remote, the ability to live simply and own a business without worrying about Chinese labor or the depreciating dollar vanished more or less for good. They want to pick up their ball and go home, but they can’t; thus, the difficulties and the rancor with those of us who are resigned to life on this planet.

Of course, the fact that we’re even sitting here two years after Bush talking about a GOP comeback is a profound testament to two things: One, the American voter’s unmatched ability to forget what happened to him 10 seconds ago, and two, the Republican Party’s incredible recuperative skill and bureaucratic ingenuity. This is a party that in 2008 was not just beaten but obliterated, with nearly every one of its recognizable leaders reduced to historical-footnote status and pinned with blame for some ghastly political catastrophe. There were literally no healthy bodies left on the bench, but the Republicans managed to get back in the game anyway by plucking an assortment of nativist freaks, village idiots and Internet Hitlers out of thin air and training them into a giant ball of incoherent resentment just in time for the 2010 midterms. They returned to prominence by outdoing Barack Obama at his own game: turning out masses of energized and disciplined supporters on the streets and overwhelming the ballot box with sheer enthusiasm.

The bad news is that the Tea Party’s political outrage is being appropriated, with thanks, by the Goldmans and the BPs of the world. The good news, if you want to look at it that way, is that those interests mostly have us by the balls anyway, no matter who wins on Election Day. That’s the reality; the rest of this is just noise. It’s just that it’s a lot of noise, and there’s no telling when it’s ever going to end.

New York Times Editorial: First Monday

The Supreme Court enjoys all but free rein in selecting which cases to review. From the end of one term in the summer until the start of the next, on the first Monday in October, the work of the court is to sift through thousands of petitions from parties that lost in one of the federal appeals courts or highest state courts and are eager for the justices to reverse their fate.

The kinds of petitioners favored say a lot about the court’s interests and biases. The Warren court, eager to champion individual rights, chose a large number of petitions from downtrodden people. The Rehnquist court, looking for opportunities to vindicate states’ rights, favored petitions from the states.

Steve Benin: Friedman’s Third Party mess

Thomas Friedman joins a long list of centrist media figures to call for a third party to offer a sensible alternative to Democrats and Republicans. To put it charitably, the column is wildly unpersuasive.

The general pitch is common, but lazy — the parties are beholden to special interests, and refuse to tell Americans what we need to hear. To turn the country around, honest independents will swoop in and save us from ourselves and shake up the “stagnating two-party duopoly that has been presiding over our nation’s steady incremental decline.”

I didn’t care for this column the first hundred times it’s been published over the years, and it’s not improving with age. Indeed, the more one thinks about the details of Friedman’s case, the weaker it appears.

Joe Blein: G.O.P. Re-Message Massage

But several things seem clearer to me, after a month on the road. There is tremendous dissatisfaction with both  political parties. People don’t think the same old Republican “solutions” are very credible, but they also don’t like the idea of big government activism, especially bailouts that aggrandize the wealthy, and they simply don’t get Keynesian economics. Having said that, though, there isn’t as much of the fist-shaking anger as I expected. There is a minority in this country–perhaps 30%–who are furious and terrified and think that Barack Obama is a secret Muslim-socialist–but most people, even those who disagree with him and disapprove of his performance, admire the effort and seriousness of this President.

There is, however, a tremendous disconnect between what people are concerned about and what Washington–and the media–seem to think is important.

Robert Kuttner: Trade War Is Here — and We’ve Disarmed

Last Wednesday, by a wide bipartisan margin of 348-79, the House passed a bill giving the executive branch authority to impose retaliatory tariffs on a wide range of Chinese exports. The bill was intended to give the Obama Administration leverage (which the White House seems quite disinclined to use) in continuing talks with Beijing about China’s manipulation of its currency.

The usual suspects made alarmed clucking noises about jingoism and impending trade war. Writing in the New York Times op-ed page, Steven Roach, a senior executive with Morgan Stanley, contended that the real problem is the low US savings rate, which supposedly leads America to over-consume and pull in imports. This has been used as an alibi for decades, but the fact is that our savings rate bounces around while our trade deficit with China moves only in one direction. Global mega-banks like Morgan Stanley profit from the US China trade, even if America gets rolled. Even the Financial Times, usually pretty sensible, warned against a more assertive stance.

In truth, a trade war already exists, and it is being unilaterally waged by China. The entire Chinese industrial system uses a wide range of subsidies that violate both the letter and the spirit of the World Trade Organization. As the US-China Economic and Security Review Commission has long documented, China subsidizes exports, provides bank loans to industry at zero or negative interest rates, and either bribes or coerces US industry to locate production in China for export but not for China’s internal market. All development land in China is owned by the government, which means that China can subsidize favored projects at will.

Dana Milbank: Glenn Beck is obsessed with Hitler and Woodrow Wilson. (I’m just saying.)

Glenn Beck, the conservative television and radio host, is an amateur historian. Very amateur.

One day, he rhetorically asked his Fox News viewers: “Why did we buy Alaska in the 1950s?” A good question — because “we” purchased Alaska in 1867. Another day, he gave his version of European history: “We have the Age of Enlightenment, 1620 to 1871, uh, 1781. This was a time when people said, ‘Wait a minute, wait a minute, we can think out of the box.’ This is coming out of the Dark Ages.” That was thinking outside of the box, because the Dark Ages ended in about 1000 AD, six centuries earlier than Beck claimed.

Beck has created an online “Beck University” to spread his unique views of the past and has hosted “Founders’ Fridays” on his television show, devoted to rewriting the nation’s early history as that of a fundamentalist state.

When the subject turns, as it usually does, to President Obama, Beck again sees lessons from history. In particular, he has seized upon two individuals who he believes provide excellent historical parallels to the 44th commander in chief: Woodrow Wilson and Adolf Hitler.

Andy Worthington: US Court Denies Justice to Dead Men at Guantánamo

On Wednesday, in the District Court in Washington D.C., Judge Ellen Huvelle turned down (PDF) a second attempt by the families of Yasser al-Zahrani, a Saudi, and Salah al-Salami, a Yemeni (two of the three men who died in mysterious circumstances in Guantánamo on June 9, 2006, along with Mani al-Utaybi, another Saudi) to hold US officials accountable for the circumstances in which their family members were held and in which they died.

Judge Huvelle’s ruling came in spite of additional evidence submitted by the families (PDF), drawing on the accounts of four US soldiers who were present in Guantánamo at the time of the deaths, and who have presented a number of compelling reasons why the official story of the men’s triple suicide (as endorsed by a Naval Criminal Investigative Service report in 2008) is a cover-up. That story, written by Scott Horton, was published by Harper’s Magazine in January this year, and I covered it here, and also in an update in June, although it has largely been ignored in the mainstream US media.

The case, Al-Zahrani v. Rumsfeld, was initially filed in January 2009, and primarily involved the families of the dead men seeking to claim damages through the precedent of a case known as Bivens, decided by the Supreme Court in 1971, in which, for the first time, damages claims for constitutional violations committed by federal agents were allowed. The families claimed relief under the Fifth Amendment Due Process Clause (preventing individuals from being deprived of life, liberty, or property without “due process of law”) and the Eighth Amendment (which prohibits the infliction of “cruel and unusual punishments”), as well as submitting a claim, under the Alien Tort Claims Act, “alleging torture, cruel, inhuman and degrading treatment, and violations of the Geneva Conventions.”

Fake news by Andy Borowitz: Democrats to Employ Man Who Played Obama During 2008 Campaign

WASHINGTON-With just a month remaining until the crucial midterm elections, worried Democrats have decided to reach out to the man who played Barack Obama during the 2008 campaign, Democratic Party officials confirmed today.

“We were sitting around thinking of who we could put out there on the campaign trail to get people energized again,” said Democratic National Chairman Tim Kaine. “And then I was like, what about that guy who played Obama in ’08? He was amazing!”

“Even Jesus couldn’t save their souls”

(10 am. – promoted by ek hornbeck)

BP and the Feds have fooled America and the entire world into thinking the BP Gulf Oil Spill is over, that the beaches are clean and that the seafood is safe, and everything is OK.

Titled “The Gulf Oil Spill isn’t over!” here’s a little bit of mournful Louisiana blues to tell the real story.

Let’s make this one viral…



Uploaded to YouTube Oct. 02, 2010 by:

Holt Webb – writer/photographer & publisher of

The Vanishing America Project

http://vanishingamerica.net

a multi-year journey I’ve undertaken to use my skill as a photographer and a writer to promote conservation and raise awareness about what we are losing – our culture, our wildlife, and our landscape – in hopes that some of it will still be around for future generations to enjoy.

Hat tip to Alexander Higgins who for months on his blog has been collecting every bit of news you can imagine about the BP’s Gulf of Mexico oil catastrophe.

Captions from the video:

   You’ve all seen Charlie Riedel’s dramatic images of the early days of the spill, and the massive show of force defining the cleanup efforts, to make sure the public would believe that all is going to be ok.

   But now BP is being allowed to scale back those efforts.

   As thousands of workers have been laid off and a hiring freeze has been instated American and the world is being led to believe that the oil spill is over.

   That our waters and beaches are clean, our marine life is healthy, and that our seafood is safe.

   But is not.

   How do I Know? Because I have been there from the coasts of Louisiana to the islands of Mississippi to the beaches of Pensacola, Florida.

   And my friends live there to and they are out there everyday trying to get someone to listen.

   Trying to get someone to help but no one is listening.

   We have a saying in the here in the South… “It ain’t over ’till it’s over.”

   And this isn’t over.

   Not by a long shot.

   Oil and dispersant is collecting on the seafloor.

   It saturates our marshes and our beaches.

   It is wreaking havoc on the future productivity of the Gulf.

   20 years later, Alaska is still feeling the impact of the Valdez spill.

   And that was only a fraction of what spilled into the Gulf of Mexico.

   What does the next 20 years hold in store for the Gulf?

   How long do we have to suffer the consequences of a MAJOR DISASTER and a MINOR CLEANUP?

   Stop telling everyone that it’s all okay and CLEAN UP THE MESS

   Help rebuild what was destroyed and DO THE RIGHT THING.

   Our grandchildren are counting on us.

Credits:

Special thanks to: Lorrie and Bubba Williams, Cherri Foytlin, Karen Hopkins, Kindra Arnesen, Gregg Hall, NASA, Drew Landry, Drew Wheelan, Denise Rednour, Alycia  Daumas, The US Coast Guard, Grand Isle State Park, Charlie Riedel/Associate Press

Definitions

mr money bagsMonday Business Edition

Economics isn’t much of a science.

Sure they try and dress it up with the maths and produce the pretty graph, but in the end the letters are all just acronyms designed to make words look like numbers and somehow impart the dignity of 2 + 2 = 4 to arguments considerably more specious (a hard currency pun).

Take for instance Keynesian.  Today it’s being thrown as a slur and adopted to include almost anything that’s not related to Monetary policy and a Friedmanite/Greenspan fantasy land where government employment doesn’t produce anything of value (otherwise Capitalists would be doing it, by definition) and the concept of ‘public good’ is unknown.

The 2 leading schools of economic thought in the United States are the Freshwater School centered on the University of Chicago where Friedman taught and the Saltwater School which would be every one else.  Krugman has an essential summary.

But they’re both Monetarist Schools and Monetary Policy prescriptions don’t work when you have zero interest rates and incredible liquidity but your problems are under capacity utilization, over supply, and lack of aggregate demand.  You can’t push a string.

Then you need Fiscal Policy and deficits don’t matter.  We’ve grown or devalued our way out of every deficit we’ve ever had, our Currency is Sovereign (when I pay off my T-Bills I give you nice shiny greenbacks and tell you they taste great in a vinagrette), and who gives a rat’s ass about devaluation anyway, the only people it hurts are bankers and billionaires and they both deserve a spanking (some prefer the haircut metaphor).

My point about labels is this-  my views about macro economics, political economy, are what is properly called Neo-Classical Synthesis believe it or not because they’re grounded in Samuelson’s seminal 1948 Economics.  Krugman, DeLong, Stiglitz, Reich, etc. get called Neo Keyesians but that’s not what they’re really about, they’re all Samuelson Neo-Classicists.  Part of the problem with academic debate is that there has to be some otherwise you might lose your phony baloney job or, even worse, go out and teach some smelly undergraduates instead of sitting in your office writing papers.

Neo Liberal is an entirely different philosophy, but because lazy and stupid media people think anything new is Neo even though they live in the matrix and Liberal is Goldwater and Nixon, that one gets thrown around a lot too.

Krugman

The point is that we have perfectly good models  for thinking about the state we’re in – models in which we can describe what all the agents are doing and why, models that have done a very good job in terms of predicting how events have proceeded. Moving back and forth between simple new Keynesian models and their IS-LM translations, it was straightforward to show that a huge expansion in the monetary base could and would go along with continuing disinflation, that massive government borrowing would not cause an interest rate spike, and so on.

So what’s wrong with my “one model to rule them all”? Well, it doesn’t easily translate into anything that looks like monetarism – for a good reason: when short-term interest rates are near zero, the distinction between the monetary base, which the central bank controls, and the much broader class of safe short term assets, which it doesn’t, more or less vanishes. That’s not a bug, it’s a feature; it says that when you’re in a liquidity trap, thinking in terms of the supply and demand for money is just not a helpful way to approach the issues.

More Krugman

But maybe this is an opportunity to reiterate a point I try to make now and then: economics is not a morality play. It’s not a happy story in which virtue is rewarded and vice punished. The market economy is a system for organizing activity – a pretty good system most of the time, though not always – with no special moral significance. The rich don’t necessarily deserve their wealth, and the poor certainly don’t deserve their poverty; nonetheless, we accept a system with considerable inequality because systems without any inequality don’t work. And before the trolls jump in to say aha, Krugman concedes the truth of supply-side economics, that’s not an argument against progressive taxation and the welfare state; it’s just an argument that says that there are limits. Cuba doesn’t work; Sweden works pretty well.

And when we’re experiencing depression economics, by which I mean a situation in which it’s hard to create sufficient demand to achieve full employment – mainly because short-term interest rates are up against the zero lower bound – the essentially amoral nature of economics becomes even more acute. As I’ve said repeatedly, this is a situation in which virtue becomes vice and prudence is folly; what we need above all is for someone to spend more, even if the spending isn’t particularly wise.

The trouble in practice is that conventional modes of thought tend to prevail even when they shouldn’t; in particular, public spending on the scale needed never seems to happen. That’s why Keynes facetiously proposed burying bottles full of cash in coal mines, so people could dig them up again: since any proposal to spend money on things we need got shot down on grounds of prudence and efficiency, he proposed completely pointless spending instead.

Still More Krugman

What I’d say about America now is that we have big problems, very much including too much talent going into financial fiddling, too few people who actually make stuff – actually, I worry as much or more about machinists as I do about scientists and engineers. But that observation has virtually no bearing on high unemployment right now. So I’d hope we can walk and chew gum at the same time, appreciating the structural problems but not letting that understanding get in the way of fighting the immediate jobs crisis.

Robert Reich

My argument is just to opposite. For three decades American consumers managed to maintain demand despite flat real wages. They did this by sending women into paid work, working longer hours, and then borrowing to the hilt. But all these coping mechanisms have come to an end. So it’s only now that we have to face the reality that most Americans have not shared in America’s prosperity.

Now with 26 Stories from Yahoo Business News.

From Yahoo News Business

1 Europe woos Asia to boost global role

by Claire Rosemberg, AFP

2 hrs 6 mins ago

BRUSSELS (AFP) – Europe sought a heightened global role with Asia’s emerging giants Monday at talks ranging from trade to climate change between nations representing more than half the world’s population.

The two-day Asia-Europe Meeting (ASEM) of 46 nations, followed by separate EU summits with China and South Korea on Wednesday, opens amid renewed tension between Beijing and Tokyo over disputed islands in the East China Sea.

Chinese Premier Wen Jiabao, indisputably star guest of the talks, could hold a face-to-face meeting with Japanese Prime Minister Naoto Kan to ease the dispute, diplomats said.

2 Iraq oil reserves overtake Iran’s

by Salam Faraj, AFP

Mon Oct 4, 6:54 am ET

BAGHDAD (AFP) – Iraq reported on Monday a sharp rise in proven oil reserves that saw it leapfrog Iran into third place worldwide, as the war-battered country seeks to rebuild its crude-dependent economy.

The new figure of 143.1 billion barrels of oil represents a 24-percent increase over the old level of 115 billion barrels, but still leaves Iraq ranking behind Saudi Arabia and Venezuela in terms of known reserves, according to OPEC data.

“Iraq’s oil reserves which are extractable are 143.1 billion barrels,” Oil Minister Hussein al-Shahristani said at a news conference in Baghdad, noting this excluded any reserves in the autonomous region of Kurdistan.

3 Chinese premier pledges support for euro, EU trade

by Helene Colliopoulou, AFP

Sun Oct 3, 2:15 pm ET

ATHENS (AFP) – Chinese Premier Wen Jiabao pledged on Sunday to support a stable euro and ease trade ties with Europe as he moved to smooth over past tensions ahead of a key summit in Brussels.

“I am convinced that a strong Europe is irreplaceable….China wants to promote and strengthen strategic links with the European Union,” Wen said in an address to the parliament in Athens ahead of the Asia-Europe and EU-China summits.

He said China would “support the stability of the euro” and Beijing would “not reduce the amount of European bonds that are part of the Chinese foreign exchange reserves.”

4 British PM seeks to calm fears over budget cuts

by Katherine Haddon, AFP

Sun Oct 3, 1:58 pm ET

BIRMINGHAM, United Kingdom (AFP) – British Prime Minister David Cameron on Sunday defended budget cuts as necessary to prevent a Greek-style meltdown as his Conservative Party kicked off its annual conference.

Two weeks before Cameron’s government unveils a spending review likely to force many departments to slash spending by 25 percent, the premier also tried to reassure Britons over their impact, while acknowledging hard times ahead.

The conference in Birmingham, central England, is the centre-right Conservatives’ first since they took power in a coalition government with the centrist Liberal Democrats in May after 13 years in opposition.

5 Europe-Asia summit looms under Japan-China shadow

by Laurent Thomet, AFP

Sun Oct 3, 2:18 pm ET

BRUSSELS (AFP) – European and Asian leaders huddle Monday for three days of summits in Brussels focused on economic ties but a spat between Japan and China threatens to steal the show.

Heads of state and government from the 48-member Asia-Europe Meeting (ASEM) will hold a two-day summit followed by separate European Union talks Wednesday with South Korea and China.

But all eyes will be on whether Chinese Premier Wen Jiabao and Japanese Prime Minister Naoto Kan will meet face-to-face to ease tensions over a maritime incident near a disputed island chain.

6 German business sees new ally in resurgent Greens

by Mathilde Richter, AFP

Sun Oct 3, 1:41 am ET

BERLIN (AFP) – Germany’s resurgent Green party is setting records in the opinion polls and being tentatively courted by unlikely new suitors: industry types who long saw the environmentalists as adversaries.

Particularly smaller, often family-owned, businesses — the backbone of the Europe’s biggest economy — are being drawn in by the opposition Greens’ programme of pragmatic sustainability.

“The Greens and small- and medium-sized businesses — it is a match practically made in heaven,” said Mario Ohoven, president of the BVMW industry group representing the interests of such firms.

7 British PM says budget cuts vital to avert meltdown

by Katherine Haddon, AFP

Sun Oct 3, 8:17 am ET

BIRMINGHAM, United Kingdom (AFP) – British Prime Minister David Cameron Sunday defended harsh budget cuts as necessary to prevent a Greek-style meltdown as his Conservative Party kicked off its annual conference.

Cameron said his Conservative-Liberal Democrat coalition government inherited a “complete mess” from his Labour predecessor Gordon Brown after May’s general election.

“Britain’s budget deficit is something you can’t put off dealing with,” Cameron told the BBC in an interview.

8 TV industry show hails smartphone, Facebook era

by Audrey Stuart, AFP

Sun Oct 3, 2:55 am ET

PARIS (AFP) – Internet-based TV viewing, the arrival of Apple’s iPad and the proliferation of smartphones are set to ring in a new era of connected entertainment, industry experts predict.

Thousands of TV execs are to flock to the French Riviera to brainstorm and snap up some of the hottest new programmes at this year’s influential MIPCOM 2010 audiovisual entertainment show that kicks off here Monday.

The four-day event will focus on re-defining the entertainment experience through fast-growing digital platforms such as social networks as well as smartphone-connected digital TV and apps and their effect on the industry.

9 Bidders circle Carrefour’s Southeast Asian assets

by Didier Lauras, AFP

Sun Oct 3, 2:37 am ET

BANGKOK (AFP) – A bidding war is heating up for Carrefour’s supermarkets in Thailand, Malaysia and Singapore as the French retail giant plans its exit after failing to take a dominant position in the region.

Carrefour, the world’s second-biggest retailer behind US colossus Wal-Mart, is looking to offload its 43 Thai, 23 Malaysian and two Singaporean hypermarkets in a sale some estimates suggest could net a billion dollars.

Analysts believe Carrefour’s eagerness to sell up reflects the fact that, despite its large foothold and the robust health of the markets, the firm has trailed competitors such as Britain’s Tesco in terms of market share.

10 Cemetery site scares off Hong Kong developers

by Peter Brieger, AFP

Sun Oct 3, 2:15 am ET

HONG KONG (AFP) – Hong Kong axed its first land auction in 16 years last week after property-mad developers were scared off by the site’s location — next to a cemetery, considered a bad omen by Chinese buyers.

Soaring property prices have sent the financial hub’s government into action over the past year, staging half a dozen land sales to boost supply and cool an overheating market amid fears of a housing-price bubble.

The land sales sparked huge interest from buyers, including Hong Kong’s richest man Li Ka-shing, given the scarcity of real estate in this densely populated city of seven million.

11 Foreclosures bungle could hit US banks

by Ron Bousso, AFP

Sun Oct 3, 1:50 am ET

NEW YORK (AFP) – Already fragile US financial firms are facing a raft of law suits and potential fines after three major mortgage lenders admitted to mishandling thousands of home foreclosures.

Major mortgage lenders Bank of American, JPMorgan Chase and GMAC have in recent days announced they were suspending tens of thousands of foreclosure processes across the country due to apparent improper handling of documents.

Attorney generals in six states are already investigating claims by borrowers that lenders have committed errors in the foreclosure documentations.

12 Australia set for ‘rare earths’ boom

by Talek Harris, AFP

Sun Oct 3, 12:58 am ET

SYDNEY (AFP) – Rare earths, the little-known elements behind everything from iPods to hybrid cars and eco-friendly light bulbs, are set to boom in Australia thanks to an export clampdown by China, experts say.

Industry sources and analysts say Australia’s vast reserves of the obscure metals with highly prized properties could make it one of the world’s leading producers in just a few years.

“By about 2014 we should be one of the dominant suppliers of rare earths to the world. And we will compete with China for that,” a long-term investor told AFP.

13 Sanofi launches hostile $18.5 billion bid for Genzyme

By Nina Sovich and Leila Abboud, Reuters

2 hrs 27 mins ago

PARIS (Reuters) – French drugmaker Sanofi-Aventis (SASY.PA) launched a hostile bid for Genzyme (GENZ.O) at $69 per share on Monday, taking its $18.5 billion offer direct to shareholders after Genzyme management refused to negotiate.

The move comes a month after Genzyme rebuffed an approach from Sanofi-Aventis (SASY.PA) at the same price. Sanofi has since been talking to Genzyme investors, who it said were frustrated by Genzyme management’s intransigence.

Sanofi’s unsolicited offer, all in cash, will expire on December 10 at 11:59 pm EST.

14 UBS, C.Suisse must meet tough top-up on Basel III

By Sven Egenter, Reuters

2 hrs 14 mins ago

BERNE (Reuters) – Switzerland has tightened the reins on UBS and Credit Suisse, telling them to hold far more capital than their international rivals to prevent a crisis that could cripple the country.

The new rules were seen as a move to restore confidence to Switzerland’s crucial private banking industry, but could crimp the ability of the country’s two biggest banks to compete in investment banking in Europe and on Wall Street.

The two banks should hold an equity tier 1 capital ratio of at least 10 percent under the proposals laid out by the a government commission on Monday.

15 Kuwait commits $1 billion to AIA IPO: source

By Denny Thomas and Michael Flaherty, Reuters

Mon Oct 4, 6:01 am ET

HONG KONG, Oct (Reuters) – American International Group Inc (AIG.N) received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian life insurance unit, according to a source, the first major investment inked before the roughly $15 billion share sale launches.

AIA Group Ltd is aiming for an overall value of around $30.5 billion after listing, according to another source, on a par with what UK insurer Prudential Plc (PRU.L) had last offered for AIA in its failed takeover bid earlier this year.

KIA, the country’s sovereign wealth fund, is among the major global institutions that have signed up as cornerstone investors ahead of AIA’s IPO. The sources had direct knowledge of the matter but were not authorized to speak publicly as the deal has yet to launch.

16 UK finance minister dismisses fresh bank bailout scenario

By Sudip Kar-Gupta, Reuters

39 mins ago

LONDON (Reuters) – Finance minister George Osborne on Monday dismissed a thinktank report that British banks may need another state bailout next year and their borrowing requirements could hit 25 billion pounds ($39.5 billion) a month.

The independent New Economics Foundation (NEF) thinktank said it had examined Bank of England data and concluded that many UK banks appeared to face a funding cliff, as it published a report on Britain’s banks entitled “Where Did Our Money Go?”

Royal Bank of Scotland and Lloyds had to be part-nationalized as they ran up huge losses during the credit crisis, and others, such as Barclays and HSBC, have benefited from cheap credit provided by the central bank.

17 IMF renews call for bank levy, global oversight

By Kevin Drawbaugh, Reuters

Sun Oct 3, 5:42 pm ET

WASHINGTON (Reuters) – The International Monetary Fund has called for a new world system to dismantle troubled financial institutions and a levy on banks to pay for it.

The IMF’s statement, released on Sunday, comes ahead of meetings here this week among fund officials, the World Bank and leading nations’ finance officials. It urges better international regulatory cooperation and stronger supervision.

Two years after the peak of the worst global financial crisis in generations, the IMF is seeking to keep momentum going for substantive cross-border financial reforms.

18 China’s Wen supports stable euro ahead of EU summit

By Ingrid Melander and Harry Papachristou, Reuters

Sun Oct 3, 9:35 am ET

ATHENS (Reuters) – China pledged on Sunday to support a stable euro and not reduce its holdings of European government bonds in an effort to deflect criticism of its foreign exchange policy ahead of an EU-China summit this week.

China, at loggerheads with the United States over the yuan and likely to face similar complaints during his tour of European countries this week, emphasized its willingness to cooperate with the 27-nation EU..

“I have made clear that China supports a stable euro,” Chinese Premier Wen Jiabao said during a visit to Greece at the start of a one-week European tour. “We will not reduce the holdings of European bonds in our foreign exchange portfolio,” he added.

19 Japan warns about terror in Europe; tourists chill

By JAMEY KEATEN, Associated Press Writer

2 hrs 12 mins ago

PARIS – Japan issued a travel alert for Europe on Monday, joining the United States and Britain in warning of a possible terrorist attack by al-Qaida or other groups, but tourists appeared to be taking the mounting warnings in stride.

The Foreign Ministry in Tokyo urged Japanese citizens to be cautious when using public transport or visiting popular tourist sites – issuing another blow to Europe’s tourism industry, which is just starting to recover from the global financial crisis.

European authorities – especially in Britain, France and Germany – tightened efforts to keep the public safe in the wake of warnings by officials that the terrorism threat is high and extra vigilance is warranted.

20 Nations wary of dependence on China’s rare earths

TOMOKO A. HOSAKA, Associated Press Writer

Mon Oct 4, 4:43 am ET

TOKYO – China’s recent halt of exotic metal shipments to Japan amid a diplomatic spat has reverberated throughout the world’s high-tech manufacturing hubs – now on heightened alert to the risks of relying on one country for materials that do everything from helping hybrid engines run to creating the color red in televisions.

Governments as far afield as Washington and Seoul are asking: What happens if China cuts off our supply too?

Like the rest of the world, Japan depends almost entirely on shipments from China, which produces 97 percent of the global supply of the metals known as rare earths.

21 EU-Asia summit to address economy

By RAF CASERT, Associated Press Writer

26 mins ago

BRUSSELS – European and Asian leaders opened a formal summit amid high security and palace opulence, hoping to agree on commitments to keep the global financial system on an even keel and find a better balance on the Europe-dominated International Monetary Fund.

The leaders found their way through a cordon of gun-toting security and barbed wire sealing off the center of the capital.

There, they were welcomed in the marble, gilted royal palace under crystal chandeliers – but the meeting was expected to be stronger on symbolism than achievements.

22 Strong Swiss franc crushes E. Europe homebuyers

By PABLO GORONDI, Associated Press Writer

17 mins ago

BUDAPEST, Hungary – Ildiko Papp can calmly discuss the collapse of her family company and break-ins at her home and business. Mention the Swiss franc, however, and she struggles to keep from crying.

The 55-year-old florist and her husband borrowed 61,000 Swiss francs – the equivalent of 10 million forints ($47,000, euro35,700) in 2006 – to cover two-thirds of the cost of a small apartment in an outer Budapest district.

After four years, a sharp rise in the franc against the forint doubled her payments, from 50,000 ($240, euro180) to 100,000 forints ($480, euro360) a month.

23 SPIN METER: Business group turns on past allies

By KEVIN FREKING, Associated Press Writer

15 mins ago

WASHINGTON – During the worst of the economic crisis, the nation’s most powerful business lobby pleaded with Congress to prop up financial institutions and stimulate the economy with hundreds of billions of dollars in borrowed money.

“Make no mistake: When the aftermath of congressional inaction becomes clear, Americans will not tolerate those who stood by and let the calamity happen,” wrote Bruce Josten, the U.S. Chamber of Commerce’s vice president in September 2008, who at the time pressed lawmakers before their vote on a $700 billion bailout for Wall Street.

A few months later, Congress faced a similar reckoning – whether to pass an $814 billion economic stimulus package consisting of about one-third tax breaks and two-thirds additional government spending. Again, Josten wrote to lawmakers: “The global economy is in uncharted and dangerous waters and inaction from Washington is not an option.”

24 New Supreme Court term opens with Kagan aboard

Associated Press

17 mins ago

WASHINGTON – The Supreme Court opened its new term with Justice Elena Kagan on the bench.

The high court turned down hundreds of appeals, including one by the founders of former telecommunications giant Adelphia Communications. It also refused to hear an appeal from John and Timothy Rigas, who wanted their fraud convictions overturned.

The Rigases were sent to prison after Adelphia collapsed in 2002, with prosecutors saying they used it like a personal piggy bank.

25 Japan warns about terror in Europe

By JAMEY KEATEN, Associated Press Writer

1 hr 14 mins ago

PARIS – Japan issued a travel alert for Europe on Monday, joining the United States and Britain in warning of a possible terrorist attack by al-Qaida or other groups, but tourists appeared to be taking the mounting warnings in stride.

The Foreign Ministry in Tokyo urged Japanese citizens to be cautious when using public transport or visiting popular tourist sites – issuing another blow to Europe’s tourism industry, which is just starting to recover from the global financial crisis.

European authorities – especially in Britain, France and Germany – tightened efforts to keep the public safe in the wake of warnings by officials that the terrorism threat is high and extra vigilance is warranted.

26 UK cuts child benefit payments in austerity drive

By DAVID STRINGER, Associated Press Writer

8 mins ago

LONDON – Britain will cap payments to jobless families and scrap child benefits for high earners in a sweeping overhaul of the country’s welfare system, Treasury chief George Osborne said Monday.

Osborne, who is seeking to save about 86 billion pounds ($135 billion) in government spending over the next five years, said the cost of welfare payments was out of control – and rewarding some people for staying out of work.

At an annual rally of his Conservative Party, Osborne said Britain’s coalition government would introduce a new welfare cap to make sure families in which both parents are unemployed do not receive more in benefits than an average family earn in wages.

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