PoliticalEssays

September 27, 2008

OREO 09 28 08

Filed under: news — jaspar @ 10:33 pm

OREO 09 28 08

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OREO 09 28 08
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Newsstories of interest:
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** = Important  [in this edition:  ]
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MH = Misleading Headline  [in this edition:  ]
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1  DISORDER
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__WE ARE NOT, AND NEVER HAVE BEEN, PSYCHOS__
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Former Gitmo prosecutor blasts tribunals
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"This is a system that has existed for six years, and I
think it is impossible for anyone in good conscience to
stand up and say he or she is provided all the discovery
in a case."
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http://hosted.ap.org/dynamic/stories/C/CB_GUANTANAMO_MILITARY_TRIALS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-26-20-46-58
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Click
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A political meltdown followed the financial one
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"Rarely, it seemed, had Washington responded so quickly
with something so large, to a problem so dire.  And it
was, like the credit bubble itself, an illusion."
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As HM Paulson emerged from Thursday's failed meeting,
"reporters waiting outside...dropp[ed] to one knee half-
jokingly."
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http://hosted.ap.org/dynamic/stories/M/MELTDOWN_TALKS_WHAT_HAPPENED?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-26-20-25-04
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Click
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Analysis: Credit crisis erodes faith in Washington
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"This is madness to ask us, the taxpayers, to cover the
liabilities of Wall Street."
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http://hosted.ap.org/dynamic/stories/L/LOSING_FAITH_IN_WASHINGTON_ANALYSIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-17-46-59
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Click
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WHAT'S THIS ABOUT FAITH?
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Atheist soldier [Dustin Chalker] alleges discrimination
by military
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"[Lawsuit's] examples include [duh] programs for soldiers,
presentations by 'anti-Muslim activists' and a 'spiritual
handbook' for soldiers endorsed by...Petraeus"
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http://hosted.ap.org/dynamic/stories/M/MILITARY_RELIGION?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-26-19-33-17
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Click
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WHAT'S THIS ABOUT FAITH?
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In Financial Food Chains, Little Guys Can’t Win
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"Imagine...that a man who had much to do with creating
the present credit crisis now says he is the man to fix
this giant problem"
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Then add that this man thinks he is so indispensable that
he wants Congress to forbid any judicial or administra-
tive questioning of anything he does with your dollars."
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http://www.nytimes.com/2008/09/28/business/28every.html
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Click
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3  ASIA
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THE BU$H PLAN (SYRIA)
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Iran denounces Western support for Israel
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The last Friday of Ramadan is "Al-Quds [= Jerusalem] Day."
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"'This day is a day of popular anger in the Arab and
Islamic nations.  It is directed toward all those who
are colluding against Palestine and Jerusalem,' [Ahmed]
Jibril said, in apparent reference to Arab nations that
have relations with Israel."
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http://hosted.ap.org/dynamic/stories/M/ML_IRAN_JERUSALEM_DAY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-26-20-39-27
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Click
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AND
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Damascus car bomb another blow to Syrian security
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"The attack is unlikely to change Syrian policies, es-
pecially in pursuing indirect peace talks with Israel"
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http://www.reuters.com/article/topNews/idUSTRE48Q1U020080927?sp=true
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Click
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THE BU$H PLAN (IRAQ)
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Iraq hopes economic crisis won't affect US troops
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AP interviews Iraqi puppet foreign minister:
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"I think there is a new world now after this crisis,
and one has to be realistic about changes in attitudes
and policies due to this huge crisis that has affected
the world economy."
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http://hosted.ap.org/dynamic/stories/U/UN_GENERAL_ASSEMBLY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-07-34-04
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Click
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Iraq: Kurdish politician [Riya Qahtan] killed in dis-
puted region [Jalula, Diyala Province]
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"two [puppet] policemen opened fire and shot Qahtan"
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http://hosted.ap.org/dynamic/stories/M/ML_IRAQ?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-14-04-36
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Click
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DEMOCRATIC PEOPLES REPUBLIC OF KOREA
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Statement by Pak Kil Yon, Vice-Minister of Foreign
Affairs of the Democratic People’s Republic of Korea
at the General Debate, Sixty-third session of the UN
General Assembly, New York, September 27, 2008
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http://www.un.org/ga/63/generaldebate/pdf/dprkorea_en.pdf
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Click
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PEOPLES REPUBLIC OF CHINA
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Chinese astronaut makes nation's first spacewalk 
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"Following the spacewalk, the craft is to release an 88-
pound satellite which is to circle the orbiter and send
back images to mission control."
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http://hosted.ap.org/dynamic/stories/A/AS_CHINA_SPACE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-07-26-01
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Click
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4 EUROPE
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Russia blasts US dominant role in world affairs
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"'The solidarity of the international community fostered
on the wave of struggle against terrorism turned out to
be somehow "privatized,"' Russian Foreign Minister Sergey
Lavrov told the U.N. General [Assembly]"
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http://www.nytimes.com/aponline/world/AP-UN-UN-General-Assembly-Russia.html
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Click
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AND
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Address by Sergey V. Lavrov, Foreign Minister of the
Russian Federation, at the 63rd Session of the UN
General Assembly
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http://www.un.org/ga/63/generaldebate/pdf/russia_en.pdf
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Click
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See next to last paragraph re protecting the truth from
becoming the first victim of war.
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AND
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Commentary of the Russian Ministry of Foreign Affairs
on US Secretary of State Condoleezza Rice’s Address at
the Marshall Fund in Washington
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"not the first time that events provoked by Georgia’s
aggression against South Ossetia are crudely distorted
in a speech by a member of the American leadership."
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http://www.ln.mid.ru/brp_4.nsf/0/7EE246AB1D705E72C32574CC00439CF6
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Click
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5  LATAM
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BOLIVIA
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AP examines deadly clash on Bolivian jungle road
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"Fernandez and other provincial governors resent Morales'
decision to spend a portion of skyrocketing gas revenues
on a nationwide pension program that benefits the largely
indigenous poor."
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http://hosted.ap.org/dynamic/stories/L/LT_BOLIVIA_CRISIS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-15-04-51
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Click
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Morales: Second Bolivian region [Chuquisaca Province]
expels US aid
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"congratulated local indigenous groups...for becoming
'territory free of ... American imperialism'"
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http://www.nytimes.com/aponline/world/AP-LT-Bolivia-US-Aid.html
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Click
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6  SUPERPOWER
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Town [Wakarusa IN] shows economic woes weighing on elec-
tion
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"Battered by tightening credit, soaring fuel prices and
slumping sales, RV companies have laid off thousands of
workers in the last several months"
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http://hosted.ap.org/dynamic/stories/E/ELECTION_ECONOMIC_PULSE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-15-46-37
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Click
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7  $$$$
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__WE ARE NOT, AND NEVER HAVE BEEN, PSYCHOS__
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Crisis boosts urge to regulate in Europe
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Sarkozy:
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"The idea of the all-powerful market, unconstrained by
any rule or political intervention, is mad.
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The idea that markets are always right is mad."
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http://ap.google.com/article/ALeqM5j4E--sIm4IJS6ji0nmsV2ljJu5UwD93F1FE00
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Click
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Chinese regulator calls US lending 'ridiculous'
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Chairman of the Chinese Banking Regulatory Commission at
World Economic Forum in Tianjin:
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"He said [the PRC] has signed information-exchange
agreements on financial regulation with 32 other
countries since the turmoil began."
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Junk Bond Spreads Are Distressed for First Time in Six
Years 
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"Investors demand 10.25 percentage points more in yield
to own junk-rated securities than Treasuries"
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http://www.bloomberg.com/apps/news?pid=20601087&sid=a8dnSNt177Ys&refer=home
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Click
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High-yield debt:
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http://en.wikipedia.org/wiki/High-yield_debt
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Click
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Asian Central Banks Cut Rates to Counter Impact of U.S.
Crisis
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"Taiwan [= Republic of China] cut borrowing costs on Sept.
25, joining China [= People's Republic of China], Austra-
lia and New Zealand"
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http://www.bloomberg.com/apps/news?pid=20601087&sid=aksQTJRPR6Do&refer=worldwide
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Click
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PRESS DIGEST - Middle East Economic Digest - Sept 27
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"round-up of...main Gulf Arab stories in Middle East
Economic Digest"
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http://www.reuters.com/article/marketsNews/idUSLR35085320080927?sp=true
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Click
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Meed:
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http://en.wikipedia.org/wiki/Middle_East_Economic_Digest
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Click
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What $700B won't buy: a quick fix for the economy
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"It usually takes years to recover from a financial
crisis severe enough for politicians to ride to the
rescue with truckloads of taxpayer money."
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http://hosted.ap.org/dynamic/stories/B/BAILOUT_FALLOUT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-27-14-45-12
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Click
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__MAJOR EXPOSE__
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Behind Insurer’s Crisis, a Blind Eye to a Web of Risk
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"Although America’s housing collapse is often"
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FALSELY
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"cited as having caused the crisis, the system was
vulnerable because of intricate financial contracts
known as credit derivatives, which insure debt holders
against default.
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They are fashioned privately and beyond the ken of
regulators"
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WHERE THERE'S A WILL --PROFIT-- THERE'S A WAY
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http://www.nytimes.com/2008/09/28/business/28melt.html?hp=&pagewanted=all
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Click
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Wall Street, R.I.P.: The End of an Era, Even at Goldman
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"Goldman did what it has always done in the face of
rapidly changing events: it turned on a dime."
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http://www.nytimes.com/2008/09/28/business/28lloyd.html?pagewanted=all
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Click
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8  MORE
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International Convention for the Control and Management
of Ships' Ballast Water and Sediments
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http://www.imo.org/conventions/mainframe.asp?topic_id=867
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Click
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Edit > Find > In Find box, enter: Background
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See OREO 09 18 08 | EUROPE | FRANCE | "France: Court
probes toxic waste trafficking" | links
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http://finance.groups.yahoo.com/group/O-r-e-o/message/487
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Click
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Oreo Archive:
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http://groups.yahoo.com/group/O-r-e-o
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