Yes, They Are Deranged: UP Date

(10 am. – promoted by ek hornbeck)

Glen Greenwald

Kudos to Eva Rodriguez for explaining what a deranged extremist Marc Thiessen is – and doing it in the WashPost

Eva Rodriguez Drone strike for the WikiLeaks founder?

Did my colleague, Marc Thiessen, just call for a drone strike in Iceland? Thiessen is obviously incensed by WikiLeaks’s dissemination of tens of thousands of pages of government documents relating to the Afghan war. And he wants WikiLeaks founder, Julian Assange, to pay. Here’s how Thiessen put it.

 

Assange is a non-U.S. person operating outside the territory of the United States. This means the government has a wide range of options for dealing with him. It can employ not only law enforcement, but also intelligence and military assets, to bring Assange to justice and put his criminal syndicate out of business.

“Military assests”? Does Thiessen think we’re going to send in Special Ops to pluck Assange from Iceland, Belgium or Sweden, where he’s known to hang out? Or is he thinking that a drone strike might be more effective or efficient?

(emphasis mine)

If all else fails to stop him, wipe out a city or two. What’s a few innocent people getting killed if the goal is achieved.

Up Date: Theissen is Keith’s Runner Up

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

Announcing a crucial breakthrough

(10 pm. – promoted by ek hornbeck)


in the effort to create machines that accurately simulate human behavior, researchers at Carnegie Mellon University said Monday they had built the first robot with the capacity to suppress its emotions. “This is the holy grail of artificial intelligence,” said project director Kate Tillman […] “We felt we were on the right track when we brought up a personal shortcoming and it paced around the lab muttering, but when it started breaking eye contact and changing the subject, we knew we had accomplished something revolutionary.”

Any bets that it will clap, cheer, vote for the lesser of two evils in a hearbeat, and believe that democrats have emptied the swamp of congressional corruption, without using any cpu cycles at all?

Punting the Pundits:

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

Photobucket

Eugene Robinson: Momentum becomes substitute for logic in Afghan war

In Afghanistan, momentum has become a substitute for logic. We’re not fighting because we have a clear set of achievable goals. We’re at war, apparently, because we’re at war.

No other conclusion can be drawn from the circular, contradictory, confusing statements that the war’s commanders and supporters keep making. President Obama, in an interview with CBS taped last Friday,  said it is “important for our national security to finish the job in Afghanistan.” But as the war’s deadliest month for U.S. troops came to an end, Obama was far from definitive about just what this job might be.

It is very apparent, the US military is not leaving.

Laurence Lewis: Gates: “We are not leaving Afghanistan in July of 2011”

But the U.S. will be staying in Afghanistan. For a long time. With no end date in sight, and even the long-suspect timeline for the beginning of a withdrawal looking more and more like the beginning of nothing much at all.

To be continued.

Richard Cohen: Newt Gingrich, pushing prejudice at Ground Zero

Newt Gingrich, his doctorate notwithstanding, has offered us an illogical and ahistorical context to the ugly dispute about building an Islamic cultural center and mosque near Manhattan’s Ground Zero. For a while, I thought that Sarah Palin and others would be the only ones to reap the political benefit of exploiting anti-Muslim sentiment, but Gingrich was not to be denied. With a preposterous solemnity, he expounded the schoolyard doctrine of tit for tat.

Gingrich noted that there “are no churches or synagogues in Saudi Arabia.” True enough. However, it is not the government of Saudi Arabia that seeks to open a mosque in Lower Manhattan, but a private group. In addition, and just for the record, Saudi Arabia does not represent all of Islam and, also just for the record, the al-Qaeda terrorists who murdered nearly 3,000 people on Sept. 11, 2001, would gladly have added the vast Saudi royal family to the list of victims. In recompense, the Saudis would just as gladly apply some dull swords to the necks of al-Qaeda’s leaders. It is the way of the desert, or something like that.

Bob Herbert: The Lunatic’s Manual

The Army, to its credit, tells the story of a middle-aged lieutenant colonel who had served multiple combat tours and was suffering the agonizing effects of traumatic brain injury and dementia. He also had difficulty sleeping. Several medications were prescribed

On a visit to an emergency room, he was given a 30-tablet refill of Ambien. He went to his car and killed himself by ingesting the entire prescription with a quantity of rum. He left a suicide note that said his headaches and other pain were unbearable.

As if there is not enough that has gone tragically wrong in this era of endless warfare, the military is facing an epidemic of suicides. In the year that ended Sept. 30, 2009, 160 active duty soldiers took their own lives – a record for the Army. The Marines set their own tragic record in 2009 with 52 suicides. And this past June, another record was set – 32 military suicides in just one month.

Anne Applebaum: GOP shows historic amnesia on spending cuts

Historical amnesia is at once the most endearing and the most frustrating of American qualities. On the one hand, it means that — F. Scott Fitzgerald notwithstanding — there really are second acts in American lives. People can move somewhere else, reinvent themselves, start again.

On the other hand, our inability to remember what our policy was last week, never mind last decade, drives outsiders crazy. We forget that we supported the dictator before we decided to destroy him. Then we can’t understand why others, especially the dictator’s subjects, don’t always believe in the goodness of our intentions or the sincerity of our devotion to democracy.

On This Day in History: August 3

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

On August 3, 1958, the U.S. nuclear submarine Nautilus accomplishes the first undersea voyage to the geographic North Pole. The world’s first nuclear submarine, the Nautilus  dived at Point Barrow, Alaska, and traveled nearly 1,000 miles under the Arctic ice cap to reach the top of the world. It then steamed on to Iceland, pioneering a new and shorter route from the Pacific to the Atlantic and Europe.

The USS Nautilus was constructed under the direction of U.S. Navy Captain Hyman G. Rickover, a brilliant Russian-born engineer who joined the U.S. atomic program in 1946. In 1947, he was put in charge of the navy’s nuclear-propulsion program and began work on an atomic submarine. Regarded as a fanatic by his detractors, Rickover succeeded in developing and delivering the world’s first nuclear submarine years ahead of schedule. In 1952, the Nautilus’ keel was laid by President Harry S. Truman, and on January 21, 1954, first lady Mamie Eisenhower broke a bottle of champagne across its bow as it was launched into the Thames River at Groton, Connecticut. Commissioned on September 30, 1954, it first ran under nuclear power on the morning of January 17, 1955.

USS Nautilus (SSN-571) was the world’s first operational nuclear-powered submarine. She was also the first vessel to complete a submerged transit across the North Pole.

Named for the submarine in Jules Verne’s Twenty Thousand Leagues Under the Sea, Nautilus was authorized in 1951 and launched in 1954. Because her nuclear propulsion allowed her to remain submerged for far longer than diesel-electric submarines, she broke many records in her first years of operation and was able to travel to locations previously beyond the limits of submarines. In operation, she revealed a number of limitations in her design and construction; this information was used to improve subsequent submarines.

The Nautilus was decommissioned in 1980 and designated a National Historic Landmark in 1982. She has been preserved as a museum of submarine history in New London, Connecticut, where she receives some 250,000 visitors a year.

 8 – Roman Empire general Tiberius defeats Dalmatians on the river Bathinus.

435 – Deposed Patriarch of Constantinople Nestorius, considered the originator of Nestorianism, is exiled by Roman Emperor Theodosius II to a monastery in Egypt.

881 – Battle of Saucourt-en-Vimeu: Louis III of France defeats the Vikings, an event celebrated in the poem Ludwigslied

1492 – Christopher Columbus sets sail from Palos de la Frontera, Spain.

1492 – The Jews of Spain are expelled by the Catholic Monarchs.

1527 – First known letter is sent from North America by John Rut while at St. John’s, Newfoundland.

1645 – Thirty Years’ War: Second Battle of Nördlingen (Battle of Allerheim).

1678 – Robert LaSalle builds the Le Griffon, the first known ship built on the Great Lakes.

1778 – The opera house La Scala opened in Milan, Italy, with a performance of Antonio Salieri’s “Europa riconosciuta.”

1783 – Mount Asama erupts in Japan, killing 35,000 people.

1811 – First ascent of Jungfrau, third highest summit in the Bernese Alps.

1852 – First Boat Race between Yale and Harvard, the first American intercollegiate athletic event. Harvard won.

1860 – The Second Maori War begins in New Zealand.

1900 – The Firestone Tire & Rubber Company is founded.

1913 – Wheatland Hop Riot.

1914 – World War I: Germany declares war against France.

1916 – World War I: Battle of Romani – Allied forces, under the command of Archibald Murray, defeat an attacking Ottoman army, under the command of Friedrich Freiherr Kress von Kressenstein, securing the Suez Canal, and beginning the Ottoman retreat from the Sinai.

1923 – Calvin Coolidge is sworn in as the 30th President of the United States in the early morning following the death of Warren G. Harding the previous day.

1934 – Adolf Hitler becomes the supreme leader of Germany by joining the offices of President and Chancellor into Führer.

1936 – Jesse Owens wins the 100 meter dash, defeating Ralph Metcalfe, at the Berlin Olympics.

1940 – World War II: Forces of Italy begin the invasion of British Somaliland.

1948 – Whittaker Chambers accuses Alger Hiss of being a communist and a spy for the Soviet Union.

1949 – The National Basketball Association is founded in the United States.

1958 – The nuclear submarine USS Nautilus travels beneath the Arctic ice cap.

1960 – Niger gains independence from France.

1972 – The United States Senate ratifies the Anti-Ballistic Missile Treaty.

1975 – A privately chartered Boeing 707 crashes into the mountainside near Agadir, Morocco killing 188.

1981 – U.S. air traffic controllers went on strike, despite a warning from President Ronald Reagan that they would be fired.

1994 – Stephen G. Breyer was sworn in as Supreme Court justice.

2001 – The Real IRA detonates a car bomb in Ealing, London, UK injuring seven people.

2004 – The pedestal of the Statue of Liberty reopens after being closed since the September 11 attacks.

2005 – President Maaouya Ould Sid’Ahmed Taya of Mauritania is overthrown in a military coup while attending the funeral of King Fahd in Saudi Arabia.

2009 – Iran’s supreme leader formally endorsed Mahmoud Ahmadinejad for a second term as president.

Economic Lies

Why We Really Shouldn’t Keep the Bush Tax Cut for the Wealthy

Robert Reich

Monday, August 2, 2010

The economy is slouching backward because consumers can’t and won’t spend enough to revive it. Congress is about to recess for the summer without doing anything to fill the gap. And it looks like the only issue it will be debating when it returns is who, if anyone, should pay more taxes next year – just the very rich, everyone, or no one? The cuts enacted by George W. Bush will expire in January, and with midterm election pending in November we’re about to be treated to months of tax demagoguery.

Unfortunately for supply-siders, history has proven them wrong again and again. During almost three decades spanning 1951 to 1980, when America’s top marginal tax rate was between 70 and 92 percent, the nation’s average annual growth was 3.7 percent. But between 1983 and start of the Great Recession, when the top rate was far lower – ranging between 35 and 39 percent – the economy grew an average of just 3 percent per year. Supply-siders are fond of claiming that Ronald Reagan’s 1981 cuts caused the 1980s economic boom. In fact, that boom followed Reagan’s 1982 tax increase. The 1990s boom likewise was not the result of a tax cut; it came in the wake of Bill Clinton’s 1993 tax increase.

Racism- Part 1

“The thing a bigot most desires is the ability to express their bigotry in public and be applauded.”—  ek hornbeck

I’ve confessed elsewhere that I’m about the whitest person you can possibly know.  I can’t recall a single instance of hostility to me based on my appearance, sex, religion (or lack thereof).  I’m a Freemason, past master of my lodge, and I know how to golf and sail and wear a tux and all kinds on gentlemanly skills that befit my class and status and have been schooled, tooled, and polished.

Anyone who can’t recognize the benefit of that in contemporary American society is a moron or a liar or both.

Never had a cop pull a gun on me or been cuffed or tased.  Never worried about it.

Did worry about this-

I walked a lot in Syracuse because it was a pain in the ass to keep my car running and one day I was being overtaken by this guy.  I picked up the pace a little bit, but since I was smoking Kools at the time there was a limit to that.

Of course it also made our conversation easier when he bummed a smoke off me.

So I’m a racist.  And if you can’t look around you and see the million, jillion incidents of prejudice and bigotry in favor of white folks like me, you’re a racist too and you ought to have one of those repentance moments Glenn Beck keeps talking about.

If I were rich, I’d be a Republican.

Prime Time

Keith is back!  Also Rachel (probably).  The Boys are in town.  You’d almost think things were normal and this wasn’t the Shark Week of August.

Not that my life is governed by TV or anything.

Later-

Dave has Will Ferrell, Damian Marley, and Nas.  Jon has Mary Roach, Stephen Jimmy Cliff.  Alton is doing edible oils again.  I Know Why the Caged Bird Kills (introduction of Dr. Henry Killinger).

Yahoo TV Listings

Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Crucial tests on eve of BP’s well bid

by Matt Davis, AFP

2 hrs 6 mins ago

NEW ORLEANS, Louisiana (AFP) – BP conducted vital tests Monday as it prepared to plug the Gulf of Mexico oil well, while coastal residents awaited the green light anxiously after more than three months of uncertainty and frustration.

Before the static kill bid can go ahead, engineers first had to inject oil through the cap on top of the well to make sure there would be no problem they pump in heavy drilling mud on Tuesday.

“Today we will do the injectivity tests, we’ll look at that information, make any adjustments to how and if we move forward with the static kill tomorrow,” said BP senior vice president Kent Wells.

2 Bated breath in Gulf ahead of oil well ‘kill’ operation

by Matt Davis, AFP

Sun Aug 1, 7:28 pm ET

NEW ORLEANS, Louisiana (AFP) – After months of uncertainty and frustration, crews were ramping up efforts to permanently seal the ruptured Gulf of Mexico oil well, which officials said could begin as early as Monday.

The operation is one of two bids to definitively “kill” the damaged well, which has spewed noxious crude into the sea since April, devastating fragile habitats and bringing financial ruin to many residents along the US Gulf Coast.

BP officials in recent days said they hoped the “static kill” operation would take place Tuesday, but on Sunday the US point man for the spill response, Coast Guard admiral Thad Allen, said it “could start as early as Monday night, depending on final testing of the mud injection systems.”

3 HSBC profits more than double as bad debts slide

by Ben Perry, AFP

Mon Aug 2, 12:55 pm ET

LONDON (AFP) – Asia-focused global banking giant HSBC said Monday its first-half net profits more than doubled to 6.76 billion dollars as it slashed US bad debt and raised earnings in emerging markets.

The news sent shares in Europe’s biggest bank soaring by more then five percent and helped lift investor sentiment on global markets, alongside unexpectedly strong second-quarter profits from French bank BNP Paribas.

“As we focus on building a high quality asset base for the future, it is encouraging that loan impairment charges now stand at their lowest levels since the start of the (global) financial crisis,” HSBC chief executive Michael Geoghegan said in an earnings statement.

4 China’s Geely signals new era for Volvo

by Marc Preel, AFP

Mon Aug 2, 11:40 am ET

STOCKHOLM (AFP) – After a lost decade as a Ford brand, Sweden’s Volvo entered a new era Monday under the ownership of China’s Geely, turning its sights to the world’s largest car market.

“This is a historic day for Geely, which is extremely proud to have acquired Volvo Cars,” Geely Group chairman Li Shufu said in a statement, promising continuity for Volvo but also stressing Geely’s ambitions for the brand in China’s booming market.

Known for its family-friendly cars, Volvo “will remain true to its core values of safety, quality, environmental care and modern Scandinavian design as it strengthens the existing European and North American markets and expands its presence in China and other emerging markets,” Li said.

5 US drawdown in 2011 will be ‘limited’: Gates

by Dan De Luce, AFP

Mon Aug 2, 4:45 am ET

WASHINGTON (AFP) – Amid growing clamor against the war in Afghanistan, Defense Secretary Robert Gates has cautioned that large numbers of US troops will remain even after a “limited” July 2011 drawdown.

Despite mounting casualties and public doubts, Gates said Sunday the US-led force was making headway and Taliban insurgents would not be able to wait out American forces because a major troop withdrawal was not on the horizon.

“I think we need to reemphasize the message that we are not leaving Afghanistan in July of 2011,” said Gates, referring to a deadline set by President Barack Obama for the start of a withdrawal.

6 Greek truckers end week-long strike

by John Hadoulis, AFP

Sun Aug 1, 3:48 pm ET

ATHENS (AFP) – Greek truckers on Sunday called off a week-long strike that stranded thousands of travellers and nearly dried up fuel around the country at the peak of the busy tourism season.

“We have decided, by narrow majority, to suspend the strike,” the head of the Greek truck owners confederation, George Tzortzatos, told reporters after a union meeting that lasted over three hours.

“Transporters will be back at the steering wheel as of tomorrow,” he said.

7 UAE to suspend key BlackBerry services

by Ali Khalil, AFP

Sun Aug 1, 3:19 pm ET

DUBAI (AFP) – Gulf business hub the United Arab Emirates said Sunday it will halt key BlackBerry services that breach laws and raise security concerns, a move Saudi Arabia may follow according to unconfirmed reports.

The UAE suspension would kick in on October 11 and last until a legal solution was reached, the Telecommunications Regulatory Authority (TRA) said in a statement on its website.

It said the decision was taken “after failing to make progress in repeated attempts to make BlackBerry services compatible” with the Gulf state’s legislation.

8 Aussie golfer Appleby ends win drought after historic 59

AFP

Sun Aug 1, 10:31 pm ET

WHITE SULPHUR SPRINGS, West Virginia (AFP) – Australian Stuart Appleby became the first golfer from outside the United States to match the US PGA record-low round of 59, ending a four-year win drought Sunday as a result.

Appleby birdied the last three holes to win the inaugural Greenbrier Classic by one stroke over American Jeff Overton, taking his first title since the 2006 Houston Open plus a 1.08 million-dollar top prize and a place in golf history.

“Everything was switched on. I felt pretty comfortable out there,” Appleby said. “I liked all the reads. I liked the way the ball rolled. This course is receptive. Guys were shooting really low. I was fortunate to do all mine in one round.”

9 Webber wins Hungarian GP to take series lead

by Gordon Howard, AFP

Sun Aug 1, 1:07 pm ET

BUDAPEST (AFP) – Australian Mark Webber took over as leader of the Formula One world championship on Sunday with a mature and measured victory in an incident-filled and controversial Hungarian Grand Prix.

The 33-year-old Red Bull driver took full advantage of other people’s problems, including those of his German team-mate Sebastian Vettel, to produce an assured drive that brought him his fourth win of the season and the sixth of his career.

“It was a bit of a gift for me but you know I haven’t had many of them,” said Webber, who was taking part in his 150th Grand Prix.

10 Brawn defends Schumacher over dangerous move

by Gordon Howard, AFP

Mon Aug 2, 9:29 am ET

BUDAPEST (AFP) – Mercedes team boss Ross Brawn has defended under-fire Michael Schumacher, insisting the German did not deliberately make a dangerous move against Rubens Barrichello at the Hungarian Grand Prix.

Brawn, boss of both men during a six-year spell of unprecedented success at Ferrari, spoke out in the aftermath of Brazilian Barrichello’s claims Sunday that he was “lucky to be alive”.

In the final laps of Sunday’s race, seven-times world champion Schumacher fought to defend 10th position and almost pushed Williams driver Barrichello into the pit wall when he swerved towards him.

11 China, Mexico, Pacific sites get World Heritage status

AFP

Mon Aug 2, 8:17 am ET

BRASILIA (AFP) – Six sites located in Brazil, China, Mexico, France’s Reunion Island and the South Pacific nation of Kiribati won World Heritage status from a UNESCO panel meeting in Brazil.

Four existing World Heritage sites were also expanded to include nearby natural or cultural treasures in Austria, Bulgaria, Romania and Spain, the UN cultural agency said in a statement.

The UNESCO World Heritage Committee, in a 10-day meeting in Brasilia that will wrap up Tuesday, has already added or extended 17 other sites to its list, bringing the total number of sites around the world with the prestigious stamp to 910.

12 US combat mission in Iraq to end on Aug 31: Obama

by Tangi Quemener, AFP

Mon Aug 2, 7:42 am ET

WASHINGTON (AFP) – The United States will end its combat mission in Iraq as scheduled on August 31 despite a recent flare-up in violence, President Barack Obama said in a speech prepared for delivery Monday.

“Shortly after taking office, I announced our new strategy for Iraq and for a transition to full Iraqi responsibility,” Obama will tell a national convention of Disabled American Veterans in Atlanta, Georgia, according to excerpts of his speech released by the White House.

“And I made it clear that by August 31, 2010 America’s combat mission in Iraq would end,” the president continued. “And that is exactly what we are doing, as promised, on schedule.”

13 SEC probes BP as it poised to "kill" Gulf well

By Rachelle Younglai and Kristen Hays, Reuters

46 mins ago

WASHINGTON/HOUSTON (Reuters) – U.S. regulators were investigating BP Plc on Monday for possible insider trading related to its Gulf of Mexico oil spill, a move that may hurt the energy giant’s efforts to restore investor confidence.

Details of the probe emerged as BP prepared to deliver the first of what it hopes will be two knockout blows to “kill” its ruptured Macondo well, 105 days after it started gushing out millions of gallons of oil, causing an environmental disaster.

Two sources familiar with the preliminary Securities and Exchange Commission probe said the alleged insider trading took place after the start of the BP oil spill on April 20.

14 Congress questions BP’s use of dispersants in Gulf

By Deborah Zabarenko and Ross Colvin, Reuters

Sun Aug 1, 2:57 pm ET

WASHINGTON (Reuters) – BP’s use of dispersant chemicals on the Gulf of Mexico oil spill is sparking questions from a U.S. congressional panel, which says the company used more of these compounds than the U.S. Environmental Protection Agency had directed.

But the EPA indicated in a statement on Sunday that the difference between what the agency directed and what BP and the U.S. Coast Guard achieved is slight — the difference between a 75 percent cut in dispersant use and a 72 percent cut.

The environmental agency acknowledged, however, that the use of dispersants is “always a difficult decision.”

15 Obama: U.S. combat mission in Iraq to end this month

By Steve Holland, Reuters

Mon Aug 2, 1:21 pm ET

ATLANTA (Reuters) – President Barack Obama vowed on Monday to make good on his promise to end U.S. combat operations in Iraq by the end of August, despite a dangerous political deadlock in Baghdad and a recent surge in militant violence.

Speaking to the Disabled American Veterans group in Atlanta even as he struggles with waning public support for the war in Afghanistan, Obama sought to underscore his administration’s progress winding down the U.S. role in the unpopular Iraq war.

With congressional elections looming in November, it was a reminder to liberal Democrats and many independent voters whose opposition to the Iraq conflict helped sweep him into office that he was determined to bring the war to a “responsible end.”

16 Ethics panel says Rep. Waters broke House rules

By Corbett B. Daly, Reuters

1 hr 7 mins ago

WASHINGTON (Reuters) – Maxine Waters on Monday became the second Democrat in the House of Representatives in two weeks to be accused of ethics violations, an embarrassing blow as the party fights to keep its majority in the November 2 elections.

The House ethics panel said it had found evidence of undisclosed ethics violations by California’s Waters, who denied breaking any rules in setting up a 2008 meeting between a banker and the U.S. treasury secretary and vowed to contest the allegations in a public trial.

“I simply will not be forced to admit to something I did not do,” Waters said in a prepared statement, explaining her decision not to accept the charges and force a public trial.

17 Judge lets Virginia healthcare challenge proceed

By Jeremy Pelofsky and Lisa Lambert, Reuters

6 mins ago

WASHINGTON (Reuters) – A U.S. judge ruled on Monday that the state of Virginia could proceed with its challenge to President Barack Obama’s landmark healthcare law, a setback that will force the White House to defend its reforms in the middle of a tough congressional election campaign.

In the opening salvo of the legal fight, U.S. District Judge Henry Hudson refused to dismiss the state’s lawsuit, which argued the requirement that its residents must have health insurance is unconstitutional and conflicts with state law.

Hudson, who noted that his ruling was only an initial step, decided the issue the state raised — whether forcing residents to buy something, namely healthcare, is constitutional — had not been fully tested in court and was ripe for review.

18 WikiLeaks guilty, at least morally: U.S. defense chief

By Phil Stewart, Reuters

Sun Aug 1, 8:32 pm ET

WASHINGTON (Reuters) – WikiLeaks is at least morally guilty over the release of classified U.S. documents on the Afghan war, Defense Secretary Robert Gates said on Sunday, as investigators broaden their probe of the leak.

The whistle-blowing website published tens of thousands of war records a week ago, a move the Pentagon has said could cost lives and damage the trust of allies by exposing U.S. intelligence gathering methods and names of Afghan contacts.

Gates and Admiral Mike Mullen, the top U.S. military officer, appeared on television talk shows renewing those concerns amid fears WikiLeaks may publish more documents.

19 Pakistan summons UK envoy over Cameron’s comments

By Adrian Croft, Reuters

Mon Aug 2, 1:43 pm ET

LONDON (Reuters) – Pakistan summoned Britain’s envoy in Islamabad on Monday over comments by British Prime Minister David Cameron suggesting it was not doing enough to fight terrorism, officials from both countries said.

Cameron, speaking last Wednesday during a visit to India, told Islamabad that it must not become a base for militants and “promote the export of terror” across the globe.

The comments caused anger in Pakistan where protesters in Karachi burned an effigy of Cameron. Pakistan’s spy chief canceled a trip to Britain in protest, though President Asif Ali Zardari still plans to visit Britain this week.

20 Pakistan president to visit Britain amid terror row

By Chris Allbritton, Reuters

Sun Aug 1, 8:19 am ET

ISLAMABAD (Reuters) – Pakistan President Asif Ali Zardari will visit Britain this week for talks overshadowed by a row over remarks by British Prime Minister David Cameron suggesting Islamabad was not doing enough to fight terrorism.

Pakistan’s spy chief, who had been due to visit London on Monday for talks on counter-terrorism, canceled his trip in protest at Cameron’s remarks, a spokesman for the Inter-Service Intelligence (ISI) agency said on Saturday.

Cameron, speaking in Pakistan’s rival India on Wednesday, told Islamabad that it must not become a base for militants and “promote the export of terror” across the globe, raising the ire of several officials and many people in the key U.S. ally.

21 BP: Upcoming kill attempt might do the trick alone

By GREG BLUESTEIN, Associated Press Writer

8 mins ago

NEW ORLEANS – After insisting for months that a pair of costly relief wells were the only surefire way to kill the oil leak at the bottom of the Gulf of Mexico, BP officials said Monday they may be able to do it just with lines running from a ship to the busted well a mile below.

As crews planned testing late Monday to determine whether to proceed with a “static kill” to pump mud and perhaps cement down the throat of the well, BP Senior Vice President Kent Wells said if it’s successful the relief wells may not be used, after all, to do the same weeks later from the bottom.

The primary relief well and a backup, not far from completion, might be used simply to ensure the leak is plugged, he said. Either way, Wells said, “We want to end up with cement in the bottom of the hole.”

22 La. fishermen wrinkle their noses at ‘smell tests’

By JASON DEAREN, Associated Press Writer

Mon Aug 2, 1:19 pm ET

ON THE GULF OF MEXICO – Even the people who make their living off the seafood-rich waters of Louisiana’s St. Bernard Parish have a hard time swallowing the government’s assurances that fish harvested in the shallow, muddy waters just offshore must be safe to eat because they don’t smell too bad.

Fresh splotches of chocolate-colored crude, probably globules broken apart by toxic chemical dispersants sprayed by BP with government approval, still wash up almost daily on protective boom and in marshes in reopened fishing grounds east of the Mississippi River.

When shrimp season opens in a couple of weeks and Rusty Graybill drags his nets across the mucky bottom, he worries that he’ll also collect traces of oil and dispersants – and that even if his catch doesn’t smell, buyers and consumers will turn up their noses.

23 UAE: BlackBerry crackdown will affect visitors too

By ADAM SCHRECK, AP Business Writer

31 mins ago

DUBAI, United Arab Emirates – The United Arab Emirates’ looming crackdown on BlackBerry services will extend to foreign visitors, putting the government’s concerns over the smart phones in direct conflict with the country’s ambitions to be a business and tourism haven.

The Emirates’ telecoms regulator said Monday that travelers to the city-state of Dubai and the important oil industry center of Abu Dhabi will – like the 500,000 local subscribers – have to do without BlackBerry e-mail, messaging and Web services starting Oct. 11, even when they carry phones issued in other countries. The handsets themselves will still be allowed for phone calls.

Emirati authorities say the move is based on security concerns because BlackBerry data are automatically shipped to company computers abroad, where it is difficult for local authorities to monitor for illegal activity or abuse.

24 Obama salutes promised end of US combat in Iraq

By JULIE PACE and JENNIFER LOVEN, Associated Press Writers

13 mins ago

ATLANTA – Nearing a milestone in the long and divisive Iraq war, President Barack Obama on Monday hailed this month’s planned withdrawal of all U.S. combat troops – “as promised and on schedule” – as a major success despite deep doubts about the Iraqis’ ability to police and govern their country.

Portraying the end of America’s combat role in the 7-year war as a personal promise kept, Obama said Iraq will have 90,000 fewer U.S. troops by September than when he took office – a steady homeward flow he called “a season of homecomings.” But there could still be more fighting involving U.S. forces.

“The hard truth is we have not seen the end of American sacrifice in Iraq,” the president said in a speech to the national convention of the Disabled American Veterans. “But make no mistake, our commitment in Iraq is changing – from a military effort led by our troops to a civilian effort led by our diplomats.”

25 Ethics panel: Charges filed against Rep. Waters

By LARRY MARGASAK, Associated Press Writer

47 mins ago

WASHINGTON – A House panel announced Monday that Rep. Maxine Waters has been charged with violating ethics rules, setting the stage for a second election-season trial for a longtime Democratic lawmaker and adding to the party’s political woes.

The charges against Waters, a 10-term California congresswoman, focus on whether she broke the rules in requesting federal help for a bank where her husband was a board member and owned stock. She immediately denied the charges.

The House ethics committee’s announcement comes just days after it outlined 13 charges against Rep. Charles Rangel, D-N.Y., including failing to disclose assets and income, delayed payment of federal taxes and improper use of a subsidized New York apartment for his campaign office.

26 Va. health care reform lawsuit clears 1st hurdle

By MICHAEL FELBERBAUM, Associated Press Writer

2 hrs 7 mins ago

RICHMOND, Va. – Virginia’s lawsuit challenging the Obama administration’s health care reform law cleared its first legal hurdle Monday as a federal judge ruled the law raises a host of complex constitutional issues.

Virginia Attorney General Ken Cuccinelli claims in the lawsuit that Congress doesn’t have the authority to require citizens to buy health insurance or pay a penalty.

U.S. District Judge Henry Hudson’s ruling denied the Justice Department’s attempt to have the lawsuit dismissed, saying further hearings were needed to weigh the merits of the case. An Oct. 18 hearing had previously been set.

27 High court trims Miranda warning rights bit by bit

By JESSE J. HOLLAND, Associated Press Writer

Mon Aug 2, 10:46 am ET

WASHINGTON – You have the right to remain silent, but only if you tell the police that you’re remaining silent.

You have a right to a lawyer – before, during and after questioning, even though the police don’t have to tell you exactly when the lawyer can be with you. If you can’t afford a lawyer, one will be provided to you. Do you understand these rights as they have been read to you, which, by the way, are only good for the next two weeks?

The Supreme Court made major revisions to the now familiar Miranda warnings this year. The rulings will change the ways police, lawyers and criminal suspects interact amid what experts call an attempt to pull back some of the rights that Americans have become used to over recent decades.

28 Adult stem cell research far ahead of embryonic

By MALCOLM RITTER, AP Science Writer

Mon Aug 2, 6:59 am ET

NEW YORK – A few months ago, Dr. Thomas Einhorn was treating a patient with a broken ankle that wouldn’t heal, even with multiple surgeries. So he sought help from the man’s own body.

Einhorn drew bone marrow from the man’s pelvic bone with a needle, condensed it to about four teaspoons of rich red liquid, and injected that into his ankle.

Four months later the ankle was healed. Einhorn, chairman of orthopedic surgery at Boston University Medical Center, credits “adult” stem cells in the marrow injection. He tried it because of published research from France.

29 Iraq’s PM warns his critics want a weak leader

By LARA JAKES, Associated Press Writer

40 mins ago

BAGHDAD – Iraq’s prime minister warned Monday that his critics want to install a weak leader that would leave the nation riven by sectarian divisions and prey to local warlords.

Shiite Premier Nouri al-Maliki’s comments, airing late Monday on state run TV, came just hours after President Barack Obama promised again to remove all but 50,000 U.S. troops from Iraq by the end of the month.

They also came on a day that saw the killings of a dozen Iraqis in bombings and drive-by shootings around the country – underscoring widespread fears that insurgents are taking advantage of the political impasse caused by March’s inconclusive elections which failed to produce a clear winner.

30 NJ senators vow to reschedule BP-Lockerbie hearing

By DAVID PORTER, Associated Press Writer

15 mins ago

NEWARK, N.J. – New Jersey’s U.S. senators said Monday they’ll continue their investigation into what role BP PLC may have played in the release of convicted Pan Am 103 bomber Abdel Baset al-Megrahi last year, and will consider issuing a subpoena to BP CEO Tony Hayward.

Sen. Robert Menendez, leading a Senate Foreign Relations Committee investigation, had scheduled a hearing on Capitol Hill last week that was canceled after BP and British and Scottish government officials declined to attend.

He and Sen. Frank Lautenberg, both Democrats, said at a news conference Monday they would continue to push the British and Scottish governments to release documents regarding al-Megrahi’s release. Menendez said he plans to hold a hearing in September.

31 Minn. pastor back in pulpit after gay report

By PATRICK CONDON, Associated Press Writer

26 mins ago

MINNEAPOLIS – A Lutheran pastor in Minneapolis who opposes homosexuals being allowed to lead congregations said Monday he is attracted to men, but that he’s not a hypocrite because he never acted on his urges.

The Rev. Tom Brock told The Associated Press he has known for years he is sexually attracted to men, but doesn’t consider himself gay because he never acted on it.

In June, the Minnesota gay magazine Lavender reported that Brock was a member of a support group for Christians who struggle with same-sex attraction. Brock’s church, the Hope Lutheran Church, placed him on leave while a task force looked into the matter. The Rev. Tom Parrish, the church’s executive pastor, said the investigation determined Brock’s story checked out.

32 Lunch ladies going gourmet as food gets new look

By KRISTEN WYATT, Associated Press Writer

Mon Aug 2, 7:50 am ET

DENVER – They still wear sensible shoes, but the nation’s lunch ladies are trading in their hair nets for chef toques as they undergo a gourmet makeover.

With the childhood obesity rates creating demand for healthier foods in schools, more attention is being placed on the culinary skills of those charged with preparing it. What good are fresh local produce and grass-fed beef, for example, if the lunchroom employees know how to make only canned vegetables and frozen fish sticks?

“It’s more work to cook from scratch, no doubt,” said Dawn Cordova, a longtime school cafeteria worker attending Denver Public Schools’ first “scratch cooking” training this summer.

Punting the Pundits

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

Michelle Obama: A food bill we need

Last spring, a class of fifth-grade students from Bancroft Elementary School in the District descended on the South Lawn of the White House to help us dig, mulch, water and plant our very first kitchen garden. In the months that followed, those same students came back to check on the garden’s progress and taste the fruits (and vegetables) of their labor. Together, they helped us spark a national conversation about the role that food plays in helping us all live healthy lives.

Fareed Zakaria: To deal with the deficit, let the tax cuts expire

For the past few months, we have heard powerful, passionate arguments about the need to cut America’s massive budget deficit. Republican senators have claimed that we are in danger of permanently crippling the economy. Conservative economists and pundits warn of a Greece-like crisis in which America will be able to borrow only at exorbitant interest rates. So when an opportunity presents itself to cut those deficits by about a quarter — more than $300 billion! — permanently and relatively easily, you would think that these people would be leading the way. Far from it.

E. J. Dionne: The auto industry lives. Can we admit that government intervention worked?

Who could have imagined that the bailout of the auto industry, one of the single most unpopular moves by the Obama administration, would become one of its best talking points?

But don’t for an instant imagine that the comeback of the nation’s rescued car companies, particularly General Motors, will change the way we debate government’s role in the economy. When it comes to almost anything the government does, ideology trumps facts, slogans trump reality, and loaded words (“socialism”) trump data.

Let there be no mistake: Rescuing GM and Chrysler took political courage, and I want to put in a good word not only for President Obama but also for George W. Bush.

Robert J. Samuelson: Shale gas: Hope for our energy future

You probably have never heard of oilman George Mitchell, but more than anyone else, he has changed the global energy outlook. In 1981, Mitchell’s small petroleum company faced dwindling natural gas reserves. He proposed a radical idea: drill deeper in the company’s Texas fields to reach gas-bearing shale rock more than a mile down. Because the gas was tightly packed, most engineers believed it was too costly to extract profitably. But after nearly two decades of trying, Mitchell proved doubters wrong. The result: The world has far more available natural gas than anyone suspected.

The BP oil spill cast a cloud over almost all energy news. Well, shale gas is good news. Here’s why.

Until recently, scarce U.S. natural gas reserves suggested increasing dependence on expensive foreign supplies of liquefied natural gas. No more. Also, natural gas emits about 50 percent less carbon dioxide — the major greenhouse gas — than coal. Substituting gas for coal in electricity plants could temper emissions. Finally, shale gas in Europe and Asia has huge geopolitical implications. It could reduce dependence on Russian natural gas and frustrate any gas cartel mimicking OPEC.

Robert Suro: In the fight over Arizona’s immigration law, everybody loses

Arizona’s immigration law was never going to solve the problem of illegal immigration. That is not its purpose. Instead it is an invitation to a shootout in which there will be no winners. It is more of a provocation than an attempt to enact policy, and as a protest against Washington’s failure to fix a broken immigration system, it resonates.  

A preliminary injunction issued by U.S. District Judge Susan R. Bolton on Wednesday halted several major parts of the law,  but it really did nothing more than set the terms for more litigation. A tortured path to the U.S. Supreme Court seems likely, though even the nine justices won’t be able to settle the heart of the matter. If Arizona ultimately wins in court, states could end up obliged to fashion their own immigration controls. If the federal government wins, President Obama could find himself running for reelection on a devilish issue he has done his best to avoid.

William Saletan: Muslims Keep Out

The Republican campaign against a Ground Zero mosque.

The latest plot against America, we’re told, is smoldering in the ashes of 9/11. A Muslim organization wants to build a “community center,” including a mosque, two blocks  from the site of the fallen World Trade Center. Republicans and leaders of other faiths are rallying against the mosque, calling it a threat to American values. But the threat to our values isn’t coming from the mosque. It’s coming from those who want to stop it.

The stated mission of the organization behind the project, the Cordoba Initiative, is to build “interfaith tolerance and respect.” The center would include a library, gym, auditorium, and restaurant. Its purpose would be “promoting integration, tolerance of difference,” and “inter-community gatherings and cooperation.” The initiative’s chairman, Imam Feisal Abdul Rauf, has denounced church burnings in Muslim countries, rejected Islamic triumphalism over Christians and Jews, and proposed to reclaim Islam from violent radicals such as Osama Bin Laden.

Monday Business Edition

Defining Prosperity Down

By PAUL KRUGMAN, The New York Times

Published: August 1, 2010

I worry that those in power, rather than taking responsibility for job creation, will soon declare that high unemployment is “structural,” a permanent part of the economic landscape – and that by condemning large numbers of Americans to long-term joblessness, they’ll turn that excuse into dismal reality.

We’re told that we can’t afford to help the unemployed – that we must get budget deficits down immediately or the “bond vigilantes” will send U.S. borrowing costs sky-high. Some of us have tried to point out that those bond vigilantes are, as far as anyone can tell, figments of the deficit hawks’ imagination – far from fleeing U.S. debt, investors have been buying it eagerly, driving interest rates to historic lows. But the fearmongers are unmoved: fighting deficits, they insist, must take priority over everything else – everything else, that is, except tax cuts for the rich, which must be extended, no matter how much red ink they create.

The point is that a large part of Congress – large enough to block any action on jobs – cares a lot about taxes on the richest 1 percent of the population, but very little about the plight of Americans who can’t find work.

Monday Business Edition is an Open Thread

From Yahoo News Business

1 Greek truckers end week-long strike

by John Hadoulis, AFP

Sun Aug 1, 3:48 pm ET

ATHENS (AFP) – Greek truckers on Sunday called off a week-long strike that stranded thousands of travellers and nearly dried up fuel around the country at the peak of the busy tourism season.

“We have decided, by narrow majority, to suspend the strike,” the head of the Greek truck owners confederation, George Tzortzatos, told reporters after a union meeting that lasted over three hours.

“Transporters will be back at the steering wheel as of tomorrow,” he said.

2 Greece struggles to restock fuel as strike continues

AFP

Sat Jul 31, 11:20 am ET

ATHENS (AFP) – Greek authorities struggled to restore fuel supplies on Saturday after failing to break a six-day trucker strike that has disrupted travel at the peak of the busy tourism season.

Military trucks and petrol company vehicles were employed to alleviate the fuel shortage as over 30,000 lorry and tanker truck operators sat out a government requisition order to return to work on pain of prosecution.

Officials said the situation was improving in the main cities of Athens and Thessaloniki, but shortages were still reported on many holiday islands and destinations in northern Greece where thousands of tourists are stranded.

3 Greek tourism reels from fuel shortage, strikes

by John Hadoulis, AFP

Sat Jul 31, 11:35 pm ET

ATHENS (AFP) – Disaster has struck Greece’s crucial tourism industry at the peak of a summer season badly needed by its recession-hit economy with a national fuel shortage compounding weeks of on-off work unrest.

A strike wave against austerity policies, a violent May protest in which three people died in a firebombed bank and unionist action targeting cruise ships and flights have made for a calamitous season, operators say.

And additional disruption caused to tens of thousands of travellers by the fuel holdup caused by a trucker walkout could not have come at a worse time for a sector which makes up nearly a fifth of the troubled Greek economy.

4 China’s manufacturing contracts in July: HSBC survey

by Fran Wang, AFP

2 hrs 36 mins ago

BEIJING (AFP) – Manufacturing in China contracted for the first time in 16 months in July, an independent survey showed Monday, lifting Chinese shares on hopes that policymakers will refrain from any new tightening moves.

The HSBC China Manufacturing PMI, or purchasing managers index, fell to 49.4 last month from 50.4 in June — its first drop below the neutral 50 threshold since March 2009, the bank said.

A reading above 50 means the sector is expanding, while below 50 indicates an overall decline.

5 UAE to suspend key BlackBerry services

by Ali Khalil, AFP

Sun Aug 1, 3:19 pm ET

DUBAI (AFP) – Gulf business hub the United Arab Emirates said Sunday it will halt key BlackBerry services that breach laws and raise security concerns, a move Saudi Arabia may follow according to unconfirmed reports.

The UAE suspension would kick in on October 11 and last until a legal solution was reached, the Telecommunications Regulatory Authority (TRA) said in a statement on its website.

It said the decision was taken “after failing to make progress in repeated attempts to make BlackBerry services compatible” with the Gulf state’s legislation.

6 Some clouds clear ahead of ECB rate decision

by William Ickes, AFP

Sat Jul 31, 11:41 pm ET

FRANKFURT (AFP) – The European Central Bank governing council might breathe a sigh of relief this week as no potential disaster hangs over its monthly meeting for the first time in a while.

The main ECB interest rate is sure to remain at a record low of 1.0 percent for the 16th month running and governors can take a summer break in the wake of some positive economic indicators and amid relative calm on financial markets.

Recent ECB meetings have been held as the Greek debt crisis festered, record one-year bank loans were coming due or markets braced for the results of stress tests on European financial institutions.

7 Debate on death and taxes heats up as billionaires fall

by Rob Lever, AFP

Sat Jul 31, 11:00 pm ET

WASHINGTON (AFP) – The question of death and taxes has risen to the fore in Washington as the demise of prominent billionaires has underscored a fluke which allows big estates to escape taxes, but only for this year.

Highlighting the conundrum has been the death of wealthy Americans including oil tycoon Dan Duncan and New York Yankees baseball owner George Steinbrenner, who can pass on their fortunes to heirs with no taxes. Duncan’s fortune was estimated at nine billion dollars and Steinbrenner’s at 1.1 billion by Forbes magazine.

If they had died in 2009 or 2011, their estates would have paid huge amounts of taxes to the US Treasury. The heirs avoided the tax man because a law enacted in 2001 under president George W. Bush phased out the estate tax entirely in 2010.

8 Soaring e-book sales speak volumes

by Peter Brieger, AFP

Sun Aug 1, 1:54 am ET

HONG KONG (AFP) – After years of lurking in the literary wilderness, the e-book market has exploded with online retailer Amazon.com’s digital volumes recently overtaking sales of their hardcover counterparts.

The increase in sales has come as Amazon slashes the price on its Kindle device amid heavy competition from Apple’s multi-purpose iPad and e-readers from Sony and bookstore giant Barnes & Noble.

Underscoring the growth, Hong Kong’s massive book fair, an annual event attended by almost one million people, wrapped up last week with visitors exposed to a brand-new section: digital reading.

9 US growth slows fueling fears over recovery

by Andrew Beatty, AFP

Sat Jul 31, 5:29 am ET

WASHINGTON (AFP) – US economic growth slowed dramatically in the second quarter, the government has said, stoking fears that the recovery is losing steam and fueling a fierce political debate over how to respond.

Gross domestic product (GDP) growth fell back sharply to 2.4 percent in the second quarter, the Commerce Department said, slamming the brakes on an already tepid rebound and painting a bleak picture of the road ahead.

“The post-recession rebound is history,” said Bart van Ark, chief economist for The Conference Board, a leading business research group.

10 IMF lowers Spain growth forecast, warns of ‘fragile’ rebound

AFP

Fri Jul 30, 2:54 pm ET

WASHINGTON (AFP) – The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery “is likely to be weak and fragile.”

“The particular challenges facing Spain will likely make the recovery slower and more fragile than in the euro area,” the IMF said in its latest report on the country’s economy.

The International Monetary Fund’s growth forecast for Europe’s fifth-largest economy for next year was lower than the 1.3 percent expansion predicted by the Spanish government, which is under pressure to close its public deficit.

11 Building boom transforms Mozambique, but not for poor

by Johannes Myburgh, AFP

Sun Aug 1, 12:03 am ET

MAPUTO (AFP) – Heavily pregnant Adelaide Mangwel balances 18 kilos of prawns on her head as she slowly descends the crowded ferry that carried her across Maputo Bay to sell her seafood in Mozambique’s capital.

It’s a daily journey that could be made easier as a bridge spanning the bay goes under construction later this year, part of the 1.5 billion dollars (1.2 billion euros) that Mozambique is pouring into rebuilding its war-shattered infrastructure over the next five years.

“It will help. I won’t have to wait for a ferry,” the 29-year-old says.

12 HSBC and BNP profits beat view after bad debts tumble

By Steve Slater and Lionel Laurent, Reuters

20 mins ago

LONDON/PARIS (Reuters) – HSBC (HSBA.L)(0005.HK) and BNP Paribas (BNPP.PA), two of Europe’s top three banks, beat earnings forecasts after bad debts fell sharply, more than offsetting slowing investment banking growth.

The two banks showed a dip in investment banking income in the latest quarter, but more than made up for that with lower losses on personal and corporate loans as broad economic conditions improved.

Half-year profits for HSBC, Europe’s biggest bank, hit $11.1 billion, more than double the $5 billion of a year ago and above the average forecast of $9.1 billion from eight analysts polled by Thomson Reuters.

13 China’s Geely completes Volvo buy

By Fang Yan and Alison Leung, Reuters

56 mins ago

BEIJING/HONG KONG (Reuters) – China’s Geely on Monday completed its purchase of Ford Motor Co’s (F.N) Volvo unit, marking China’s biggest acquisition of a foreign car maker and reflecting the nation’s rapid rise in the auto world.

Zhejiang Geely, parent of Hong Kong-listed Geely Automobile (0175.HK) said on Monday it paid $1.3 billion in cash and issued a $200 million loan note to Ford. That represents $300 million less than the earlier headline of $1.8 billion, but Ford said it would get a further “true-up” payment later in the year.

With the deal now done, the real challenge for Geely will lie ahead as it aims to restore Volvo to long-term profits. Volvo Cars posted revenue of $12.4 billion in 2009 by selling 334,000 cars, but it recorded a pretax loss of $653 million.

14 China slows to cruising speed as Europe perks up

By Andy Bruce and Alan Wheatley, Reuters

50 mins ago

LONDON/BEIJING (Reuters) – Manufacturing in China shrank in July for the first time since March 2009 while it perked up in the euro zone, according to surveys that underscored the unevenness of the global economic recovery.

Global stock markets rose on Monday, viewing a declining Chinese manufacturing purchasing index as the signal of a desired slowdown rather than the harbinger of a slump, with strong results from two of Europe’s top banks adding to the positive tone.

Investors also looked ahead to equivalent U.S. factory data due later on Monday for further signs that the recovery in the world’s biggest economy might be stalling, three days after second quarter output numbers there came in below forecasts.

15 Singapore ex-BP employees seek to set aside search order

By Yaw Yan Chong and Luke Pachymuthu, Reuters

Mon Aug 2, 12:17 am ET

SINGAPORE (Reuters) – Six former BP employees sued by the oil major for breach of contract in Singapore have applied to the court to set aside a search order that had allowed BP’s lawyers to seize their personal computers, mobile phones and thumb drives, court documents showed.

Documents filed with the Singapore High Court by the defense last Thursday alleged that the orders against them were oppressive and had been for “unlawful or illegitimate reasons.”

The filings highlight the manner of the execution of the seizure by BP, in particular, the seizure of mobile phones and laptops used by the six former employees’ spouses and children, the search of the handbag of the wife of one of them and the search of one former employees’ son’s school book folder.

16 BP’s well plug nears, Dudley to visit Russia

By Tom Bergin, Reuters

1 hr 11 mins ago

LONDON (Reuters) – BP Plc Chief Executive-designate Bob Dudley will fly to Moscow this week to meet government officials and BP’s oligarch partners in its Russian venture as the oil giant prepares to plug its blown out Gulf of Mexico well for good.

It will be Dudley’s first visit to Russia since he was forced to flee the country in 2008, citing a campaign of harassment by its billionaire partners in the TNK-BP joint venture of which he was CEO.

BP has since settled its dispute about control of TNK-BP and the venture remains a key part of BP’s portfolio, representing a quarter of total production and over 10 percent of profits.

17 Have jobs become a leading indicator?

By Pedro Nicolaci da Costa, Reuters

Sun Aug 1, 3:00 pm ET

WASHINGTON (Reuters) – Employment, it turns out, may not be such a laggard after all.

The job market, often described as reacting in slow-motion to shifts in the pace of economic growth, may actually be a pretty solid indicator of the United States’ prospects.

That means a double-dip U.S. recession cannot yet be completely ruled out, particularly since economists believe Friday’s payrolls report for July will show a second straight month of net job losses.

18 BNP sees market upturn, Q2 beats forecasts

By Lionel Laurent, Reuters

Mon Aug 2, 5:02 am ET

PARIS (Reuters) – BNP Paribas (BNPP.PA), France’s biggest listed bank, trumped second-quarter profit expectations on Monday and said the market environment would improve in the third quarter as investor confidence in Europe’s banks rises.

Net profit jumped 31 percent thanks to lower loan provisions and strong retail banking, offsetting volatile financial market conditions that hit investment banking, BNP said.

The performance underlined an improving but still challenging macroeconomic environment in BNP’s key euro zone markets, pointing the way to more growth in retail, Chief Executive Baudouin Prot said in a statement.

19 BlackBerry users in UAE and Saudi may have services cut

By Tamara Walid and Souhail Karam, Reuters

Mon Aug 2, 12:11 am ET

DUBAI/RIYADH (Reuters) – More than a million BlackBerry users may have key services in Saudi Arabia and the UAE cut off after authorities stepped up demands on smartphone maker Research In Motion for access to encrypted messages sent over the device.

BlackBerry’s Messenger application has spread rapidly in the Gulf Arab region but because the data is encrypted and sent to offshore servers, it cannot be tracked locally.

“Certain BlackBerry services allow users to act without any legal accountability, causing judicial, social and national security concerns,” the United Arab Emirates’ Telecommunications Regulatory Authority (TRA) said in a statement.

20 AP analysis: US economic stress heads back up

By MIKE SCHNEIDER and JEANNINE AVERSA, Associated Press Writers

2 hrs 24 mins ago

After easing for four months, the nation’s economic stress worsened in June because more bankruptcies in the West and foreclosures outside the Sun Belt outweighed lower unemployment, according to The Associated Press’ monthly analysis of conditions around the country.

The setback halted a drop in month-to-month stress readings that had begun in February. In May, economic stress had declined from the previous month in 33 states. And in April, stress fell in every state but two.

But in June, bankruptcy rates rose in Utah, California, Colorado and Idaho. Higher foreclosures spread to the Midwest, particularly Illinois. This occurred even as foreclosures eased in states that have suffered most from the housing bust, such as Arizona, California, Florida and Nevada.

21 China’s Geely completes acquisition of Volvo

By JOE McDONALD, AP Business Writer

1 hr 3 mins ago

BEIJING – Geely Holding Group completed its acquisition of Ford Motor Co.’s Volvo unit Monday in a $1.5 billion deal that gives the small-but-ambitious Chinese automaker a global brand and huge management challenges.

The legendary Swedish automaker is China’s biggest foreign auto acquisition and an unusually large deal for a private Chinese company.

Industry analysts say 13-year-old Geely, barely known abroad, will face a struggle in integrating the two corporate cultures and turning around Volvo Cars, a perennial money-loser in a country with strong labor unions.

22 Humana 2Q net income rises 21 percent on premiums

By BRUCE SCHREINER, Associated Press Writer

1 hr 11 mins ago

LOUISVILLE, Ky. – Health insurer Humana Inc. reported a 21 percent upswing in second-quarter profit Monday as another strong performance in its lucrative government segment, led by its growing Medicare Advantage business, was backed by a big improvement in its commercial sector.

Based on surging first-half results, the Louisville-based company raised its net income-per-share expectations for the full year to a range of $5.65 to $5.75, compared to a prior range of $5.55 to $5.65.

Analysts expect $5.71 per share, on average.

23 Shops grapple with fallout from group coupons

By MARK D. CARLSON and EMILY FREDRIX, Associated Press Writers

2 hrs 4 mins ago

CHICAGO – Local shops nationwide are pulling in thousands of new customers with group coupons online, but the deals can sometimes work too well, turning marketing into a game of retail roulette.

Some of the nail salons, restaurants and other small shops that have sold the coupons have risked both new and existing business as they struggled to handle the surge in clients.

For Crystal Nail Salon in Chicago, ratings at web sites like Yelp.com tumbled as owner Phu Bui struggled to serve up the 5,100 manicure-pedicure combinations he sold in June for 65 percent off.

24 Junk bonds: Savvy investment or fool’s gold?

By DAVE CARPENTER, AP Personal Finance Writer

1 hr 59 mins ago

CHICAGO – A sideways stock market has investors searching for other places to make a decent return on their money. And junk bonds, for better or worse, are starting to look like gems to many.

The appeal is easy to understand.

Junk bonds, known more politely as high-yield bonds, are bonds with very low credit ratings that corporations pay more interest on so they can attract investors. As of last week, they were yielding 8.34 percent, down from 9 percent earlier in July.

25 Gulf crews prepare to start plugging well for good

By GREG BLUESTEIN, Associated Press Writer

1 hr 44 mins ago

NEW ORLEANS – Engineers on the Gulf of Mexico hoped to begin work Monday on a plan to to shove mud and perhaps cement into the blown-out oil well at the seafloor, making it easier to end the gusher for good.

The only thing keeping millions more gallons of oil out of the Gulf right now is an experimental cap that has held for more than two weeks but was never meant to be permanent.

The so-called “static kill” attempt carries no certainty, and BP PLC engineers still plan to follow it up days later by sending a stream of mud and cement into the bottom of the mile-deep underground reservoir through a relief well they’ve been digging for months.

26 La. fishermen wrinkle their noses at ‘smell tests’

By JASON DEAREN, Associated Press Writer

2 hrs 31 mins ago

ON THE GULF OF MEXICO – Even the people who make their living off the seafood-rich waters of Louisiana’s St. Bernard Parish have a hard time swallowing the government’s assurances that fish harvested in the shallow, muddy waters just offshore must be safe to eat because they don’t smell too bad.

Fresh splotches of chocolate-colored crude, probably globules broken apart by toxic chemical dispersants sprayed by BP with government approval, still wash up almost daily on protective boom and in marshes in reopened fishing grounds east of the Mississippi River.

When shrimp season opens in a couple of weeks and fisherman Rusty Graybill drags his nets across the mucky bottom, he worries that he’ll also collect traces of oil and dispersants – and that even if his catch doesn’t smell, buyers and consumers will turn up their noses.

27 Administration report sees $8B in Medicare savings

By RICARDO ALONSO-ZALDIVAR, Associated Press Writer

1 hr 47 mins ago

WASHINGTON – The new health overhaul law will start producing savings for Medicare right away, and over time add 12 years of solvency to the program’s giant trust fund for inpatient care, the Obama administration says in a report to be released Monday.

Medicare will save about $8 billion by the end of next year, and $575 billion over the rest of the decade, the report said.

Release of the analysis comes ahead of the official annual financial checkup for Social Security and Medicare from the program’s trustees, expected as early as this week. It provides support for the administration’s position that the health care law secures and strengthens health care for seniors.

28 SPIN METER: Program risks $30B to save weak banks

By DANIEL WAGNER, AP Business Writer

Sun Aug 1, 4:52 pm ET

WASHINGTON – People are fed up with bank bailouts that risk taxpayer billions. The government’s apparent solution: call them something else.

Congress is at work on a new program that would send $30 billion to struggling community banks, in a process similar to the huge federal bailouts of big banks during the financial crisis. This time, money is more likely to disappear as a result of bank failures or fraud.

Two weeks ago, President Barack Obama declared an end to taxpayer bailouts when he signed a sweeping overhaul of financial rules. In his weekly radio and Internet address on Saturday, he described the new bailout program as “a common-sense” plan that would give badly needed lending help to small-business owners to expand and hire.

29 Study claims conventional ag limits greenhouse gas

By DAVID MERCER, Associated Press Writer

Mon Aug 2, 3:11 am ET

CHAMPAIGN, Ill. – Advances in conventional agriculture have dramatically slowed the flow of greenhouse gases into the atmosphere, in part by allowing farmers to grow more food to meet world demand without plowing up vast tracts of land, a study by three Stanford University researchers has found.

The study, which has been embraced by many agricultural groups but criticized by some environmentalists, found that improvements in technology, plant varieties and other advances enabled farmers to grow more without a big increase in greenhouse gas releases. Much of the credit goes to eliminating the need to plow more land to plant additional crops.

The study’s authors said they aren’t claiming modern, high-production agriculture is without problems, including the potential for soil degradation through intense cultivation and fertilizer runoff that can contaminate fresh water.

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