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International News 10-17-08 PDF Print E-mail
CIA behind Bali bombs, claims cleric

An Indonesian Islamic cleric linked to the three men awaiting execution for the Bali bombings said Thursday the 2002 attack which killed more than 200 people was the work of the CIA.
Abu Bakar Bashir told Agence France Presse the CIA fired a nuclear missile at the Bali tourist strip from a ship off the coast.
"It has been mentioned as being a micro-nuclear bomb... The bomb was made by the CIA, it could be no one else." Bashir said the three convicted bombers - Amrozi, Imam Samudra and Ali Ghufron - had been framed. "The bomb Amrozi set off, at most shattered glass and didn't wound people, or at most wounded them a little." The coordinated bomb attacks ripped through packed nightspots at Bali’s main tourist strip and killed 202 people, mostly foreign visitors, including 88 Australians. Bashir served 26 months for conspiracy over the attacks before being cleared and released.

Mutant Seeds for Mesopotamia

Iraqi farmers are being prevented from planting the seeds of their choice under Order 81, one of the infamous "100 Orders" imposed by the US that explains why Iraqis are opposed to foreign occupation. The 100 Orders allow multinational corporations to privatize an entire nation, a degree of foreign control not witnessed since the days of the British East India Company. Order 39 allows for the tax-free remittance of all corporate profits. Order 17 grants foreign contractors immunity from Iraq's laws. And orders 57 and 77 place U.S.-appointed inspectors general in every government ministry, with authority over contracts, programs, employees and regulations. But under one of the most blatant orders, Order 81, Iraqi farmers must now buy "registered seeds" imported by Monsanto and other agribusiness giants. However, these registered seeds are "terminator" seeds, meaning they are "sterile." Critics say terminator seeds have no agricultural value but they do create corporate monopolies.

Arctic Report Card: New Trouble for Ice Sheets, Wildlife

According to a new government report on the Arctic, thawing permafrost, melting ice sheets and threats to wildlife are just some of the growing concerns about the effect of global warming. The report notes that 2007 was the warmest year on record in the Arctic. Report editor Jackie Richter-Menge of the Army Corps of Engineers’ Cold Regions Research and Engineering Lab said: “These are clearly dynamic and dramatic times in the Arctic.” The massive Greenland ice sheet underwent "record melting" in 2007, losing at least 24 cubic miles of ice. And the length of time that the ice sheet is melting has increased 20 more days than average. The report notes that Arctic autumn temperatures for 2007 were 10 degrees above normal. Richter-Menge said: "The loss of sea ice allows more solar heating of the ocean, and the more the ocean heats up, the harder it is to grow sea ice."

As Iraq's Oil Flows Freely, Profits Are Stuck in Bureaucracy

Iraq has piled up tens of billions of dollars from oil sales, and its bureaucrats are struggling to spend the windfall. As U.S. reconstruction spending tails off, US officials are concerned about Iraq's ability to assume its own rebuilding. The Government Accountability Office estimates that Iraq's budget surplus could hit $79 billion this year, although it could be less because of tumbling oil prices. The U.S. government is spending millions of dollars to train Iraqi officials to spend their oil wealth. But Iraq's bureaucracy remains mired in the stacks of paper and rubber stamps of years past, with many of the best technocrats having fled the country. In Congress, lawmakers complain the US is spending too much in Iraq while its government accumulates cash. US officials say bureaucrats are still hesitant to show initiative in a country where independent-minded ministers risked execution under Saddam Hussein.



 
Headlines 10-16-08 PDF Print E-mail
Wednesday: 1 Swede, 41 Iraqis Killed; 60 Iraqis Wounded 
In  Iraq, at least 19 Iraqis were killed and another 60 were wounded. A mass grave containing 22 bodies was discovered near Karbala.  The  Swedish Foreign Ministry reported that U.S. forces killed a Swedish citizen.

Pakistani Taliban Offers to Lay Down Arms for Peace

A Tehreek-e Taliban Pakistan  spokesman  has offered negotiations with the Pakistani government “without any conditions.” The Pakistani government has previously offered such negotiations, but demanded that the TTP first lay down their arms and agree to expel all foreigners from the tribal areas.
 
Syria opens diplomatic ties with Lebanon   
Syria and Lebanon formally established diplomatic ties on Wednesday for the first time since independence 60 years ago, turning a new page in relations between Beirut and its powerful neighbour.

Russia, Georgia to Hold Dueling Peace Talks as Planned Meeting Collapses
Peace talks planned for today in Geneva between Russia and Georgia have broken down after Russia refused to attend. Abkhazian Foreign Minister Sergei Chamba says there will now be two separate Geneva meetings, one for Russia and its allies and another for the Georgians.
 
Italian judge suspends CIA rendition trial
A Italian kidnapping trial linked to the CIA's extraordinary rendition program was suspended Wednesday when a witness refused to answer a question because it would harm Italy's national security.


Swiss National Bank Takes $60B in Toxic UBS Assets
In a deal financed at least initially by the U.S. Federal Reserve, the Swiss National Bank will buy a host of "currently illiquid securities" from UBS, attempting in one step to cleanse UBS's balance sheet of the mortgage-backed and other assets that have tangled the global financial system.

Key Allegations Against Terror Suspect Withdrawn
The U.S. Justice Department has withdrawn a series of allegations made in federal court that tie Binyam Mohammed, a British resident held at Guantanamo Bay, to a plot to explode a radioactive "dirty bomb" in the United States, blow up apartment buildings here and release cyanide gas in nightclubs.The charges, the lawyers said, are spurious and based on false confessions obtained through torture.


Stock collapse Nothing Compared to the nature crunch
Pavan Sukhdev, the Deutsche Bank economist leading a European study on ecosystems, reported that we are losing natural capital worth between $2 trillion and $5 trillion every year as a result of deforestation alone. The losses incurred so far by the financial sector amount to between $1 trillion and $1.5 trillion.

The  Treasury Department said on Tuesday that  the U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared.

The Pentagon has revised a directive on detainee interrogations to specifically prohibit the use of techniques developed  from Chinese torture methods. Critics charge that the so-called SERE techniques served as the basis for coercive interrogation practices that spread after the September 11 attacks to military detention centers in Guantanamo Bay, Cuba, Afghanistan and Iraq.
CIA sought explicit consent from Bush Administration to continue torture practices.  The Bush Administration explicitly endorsed torture techniques used by the CIA on 'al-Qaeda' suspects, according to secret memos obtained by The Washington Post.

Hedge Funds Citadel and Highland Crushed
Citadel confirmed   its flagship Kensington and Wellington funds, which hold around $15 billion in assets, are down between 26 percent and 30 percent so far this year. But Chicago-based Citadel denied rumors that it's having difficulty meeting margin calls and is facing mass redemptions. The firm also denied that it's unwinding any positions.

Total Bailout Cost Heads Towards $5 TRILLION
The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Wall Street businesses facing federal investigation
Those keeping a tally of Wall Street businesses facing federal investigation should add one more to the list. The bank Washington Mutual, whose failure in September represented one of the largest in financial history, is the subject of a government inquiry, federal officials confirmed Wednesday.
 Maurice "Hank" Greenberg, the legendary former chief executive of AIG, declined to answer questions Saturdayfrom the New York Attorney General's office about his role in a controversial transaction between AIG and another insurer. Instead, Greenberg invoked his Fifth Amendment rights. It was a stunning turnaround for a man who has spent just shy of a quarter of a billion dollars to tell his side of the story and clear his name.

Bush Officials' Partisan Trips
 Karl Rove's office requested special help for beleaguered Republican congressional candidates in the months before the 2006 electionsat least 303 out-of-town trips by senior Bush appointees meant to lend prestige or bring federal grants to 99 politically endangered Republicans that year, in a White House campaign that House Democratic investigators yesterday called unprecedented in scope and scale.

Mass Demonstration Planned On Wall Street
Ralph Nader and Matt Gonzalez brought  their Independent Presidential campaign to New York City October 15th & 16th! The Nader/Gonzalez campaign stands with people of all political fronts — Greens, Libertarians, Republicans, Democrats, independents, and Constitution party members — disillusioned with the two political parties that were behind the bailout of Wall Street crooks.

Colin Powell Is Ready To Endorse
It now seems beyond doubt that Colin Powell will endorse Barack Obama .Powell's endorsement will give Obama the one thing he still needs more of--credibility as Commander-In-Chief. 

 The U.S. refuses to return the men to China
The U.S. refuses to return the men to China, their home, saying they may be tortured, but is equally resistant to releasing them in the U.S., as a U.S. court ordered them to do last week. The State Department, which has been looking for an alternative place to free the prisoners, says the Justice Department's legal wrangling has compromised its negotiations and forced it to cancel a meeting that had been planned to discuss resettlement.

Black employees of the U.S. Marshalls Service filed a civil rights suit
Black employees of the U.S. Marshalls Service filed a civil rights suit in federal court Wednesday, alleging that the agency practiced discrimination and denied them promotions because of their race. The plaintiffs seek $300 million in lost backpay for approximately 200 persons. 
 
 
 
 
National News 10-16-08 PDF Print E-mail
Andrew Cuomo  seeking to recover multimillion-dollar payments to , A.I.G.’s former chief executive

Recently bailed out by the federal government, A.I.G. is afloat only because of billions of dollars in government loans. At a news conference on Wall Street yesterday, New York attorney general Andrew Cuomo said he is seeking to recover multimillion-dollar payments to Martin Sullivan, A.I.G.’s former chief executive, and Joseph Cassano, who ran the unit blamed for the losses that pushed the company to the brink of collapse. Cuomo called the AIG payments “unwarranted and outrageous expenditures. Cuomo says the executives broke the law when they took millions of dollars in compensation and severance pay but did not provide service worth the money. Meanwhile, Ex-AIG chief Hank Greenberg refused to answer questions in another case about his role in a phony $500 million reinsurance transaction. Up until now Greenberg and his associates have spent a quarter of a billion dollars in legal and public relations fees to tell his side of the story and clear his name.
More

Ex-AIG chief Greenberg takes the Fifth 

Maurice "Hank" Greenberg, the legendary former chief executive of AIG, declined to answer questions Saturday from the New York Attorney General's office about his role in a controversial transaction between AIG and another insurer. Instead, Greenberg invoked his Fifth Amendment rights. Questions about the deal led to Greenberg's forced retirement from the once-mighty insurance giant three years ago. Since 2005, lawyers on Greenberg's civil defense team had insisted that their client was eager to testify about the transaction, a reinsurance deal that AIG made with Berkshire Hathaway's  Gen Re unit. It was a stunning turnaround for a man who along with associates has spent just shy of a quarter of a billion dollars in legal and public relations fees to tell his side of the story and clear his name.The questions involved Greenberg's role in a phony $500 million reinsurance transaction with General Re that masked a problem with AIG's loss reserves. The transaction generated intense regulatory scrutiny and resulted in then-New York Attorney General Eliot Spitzer suing Greenberg  for civil fraud. The civil case is now being pursued by Spitzer's successor, New York Attorney General Andrew Cuomo. Greenberg's lawyers say that any wrongdoing happened on the General Re side. Greenberg, 83, insisted to Fortune that he merely initiated the idea of a legitimate deal, moving on to more pressing matters shortly after he broached the subject. Greenberg testified at length about other accounting matters at AIG that are also part of New York's civil complaint.

 Veterans office investigated
An emerging scandal at the Dept. of Veterans affairs is centered around a report that thousands of active claims have been found shredded or unprocessed at the Detroit VA office. The story was first reported this week on the web site vawatchdog.org. Larry Scott, an Army veteran and former NBC-TV reporter, said he received information about the investigation from confidential sources inside the department.  According to Scott's sources, a mid-September inspection of the Detroit office by officials from the US Inspector General found "hundreds of claims, documents critical to claims and other valuable information in shredder bins." Another internal search found thousands of pieces of mail that had never been recorded as having been received. The mail that had never been put into the system included original claim applications and medical evidence to support veterans' claims. According to a recent report posted on the Department of Veterans Affairs Web site, over a third of the most  common type of claims in the Detroit office have been pending for at least six months. 

McCain's Joe The Plumber Story Backfires
A story from the Washington Post today is reporting that Joe Wurzelbacher, aka Joe the plumber, is not really a licensed plumber. Wurzelbacher was thrust into the national spotlight Wednesday night after John McCain referred to him more than twenty times in the final presidential debate. McCain repeatedly cited Joe the plumber as an example of a typical hard working American who would be hurt by Obama's plan to raise taxes on anyone earning more than $250,000 a year. Since the debate Wurzelbacher has been on Fox News, interviewed by CBS's Katie Couric and appeared on ABC's "Good Morning America. As it turns out, according to reader's comments posted to the Post blog, in addition to being unlicensed, Joe the plumber is not even registered to vote. The Daily kos reports that he also has a pending case in court for non payment of $1,182.98 in taxs.
 
 
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