He Calls for an Ambitious Agenda, With Eye on Deficit
By JEFF ZELENY
President Obama asked both houses of Congress to quickly address energy, education and health care.
Saturday, 28 February 2009
Friday, 27 February 2009
Opel is about to become autark from GM
Opel soll weitgehend eigenständig werden
AFP - vor 5 Min.Rüsselsheim (AFP) - Opel in Deutschland soll weitgehend eigenständig von der Konzernmutter General Motors (GM) werden. Mehr »
Germany dives 3.6% - US GDP drops 6.2% - US may control 36% of Citicorp
Horror vor der Wall Street German index looses 3.6%
9:00am: Shift of preferred shares to common stock increases embattled bank's capital base. Stock down by nearly half in volatile premarket trading. more
9:00am: Shift of preferred shares to common stock increases embattled bank's capital base. Stock down by nearly half in volatile premarket trading. more
SFG
cnn
(CNN) -- The chief investment officer of the firm headed by financier Alan Stanford, who is accused in an alleged $8 billion fraud scheme, was arrested and charged Thursday in Houston, Texas.
Allen Stanford sponsored high stakes cricket matches in the Caribbean.
2 of 2
Laura Pendergest-Holt, the third-ranking executive of the Houston-based Stanford Financial Group, was taken into custody by FBI agents and charged with obstruction of a government proceeding.
The Justice Department late Thursday said Pendergest-Holt will appear before a federal magistrate in Houston Friday.
The complaint alleges Pendergest-Holt made "several affirmative misrepresentations" to SEC investigators seeking information on what she knew about a scheme to defraud investors and account-holders of billions of dollars in deposits.
The complaint says the executive failed to tell the truth on several occasions during the course of the investigation.
The complaint alleges Pendergest-Holt met in February with several SFG corporate officers in Miami, Florida, to prepare for her upcoming testimony the week before she was scheduled to testify before the SEC.
She allegedly discussed the bank's "Tier III" portfolio, using a pie chart that showed a $1.6 billion loan to a shareholder.
The following week, she made several affirmative misrepresentations under oath in order to obstruct the investigation and failed to reveal she met with SFG corporate officers in Miami to prepare for her testimony.
BOA as such subpoenaed after denying information
Kenneth Lewis prepares to enter the offices of Attorney General Andrew Cuomo on Thursday in New York City.
The New York Attorney General's Office served a subpoena on Bank of America during chief executive Kenneth Lewis' testimony Thursday evening, seeking the full list of individual bonus recipients at Merrill Lynch, according to Benjamin M. Lawsky, a special assistant to Attorney General Andrew Cuomo.
"We obviously wanted to question Mr. Lewis about this list and are very disappointed that Bank of America has chosen not to produce it. As a result, during the testimony this evening, we served a subpoena on Bank of America for the list, which we intend to obtain," Lawsky said in a written statement.
Lewis, speaking to reporters as he left the attorney general's office after his testimony, said that he had come to "deliver clarity" and that he answered the questions that were asked to the best of his knowledge, but refused to take any questions about the details of the deposition.
Bank of America has been allocated $45 billion of federal bailout funds, and the Treasury has guaranteed to protect Bank of American against potentially billions of dollars in losses from investments Merrill Lynch made in real estate loans.
Former Merrill Lynch Chief Executive John Thain told investigators last week that Lewis was aware Merrill employees would be awarded billions of dollars in bonuses before Bank of America's takeover of Merrill became effective January 1, according to sources familiar with the investigation.
Lloyds confirms $15.5 billion HBOS loss
cnn.com
LONDON, England (CNN) -- British bank Lloyds has announced that HBOS, the rival it took over last year, made a £10.8 billion ($15.5 billion) pre-tax loss for 2008.
The global economic slowdown is producing big losses in the British banking industry.
Lloyds itself posted an 80 percent plunge in pre-tax profit to £807 million ($1.1 billion), which was in line with figures released in a trading update earlier this month.
The bank said the 2008 results were the product of "difficult market conditions" marked by a significant decline in credit quality and the fall in the UK property market.
In a statement, Chairman Victor Blank said the short-term outlook for the merged group was "challenging."
Lloyds Banking Group was formed following the merger between HBOS and Lloyds TSB last year. It began trading for the first time in January.
Don't Miss
Lloyds Chairman Victor Blank said the combined bank was in a strong position to "reap the benefits" when economic conditions begin to "normalize."
In the meantime, he said: "Our imperative is to manage the business as effectively as possible during these challenging times."
The UK government took a stake in both HBOS and Lloyds TSB last October as part of the bailout of banks hit by toxic debt.
the memory hole
February 12, 2009, New York and Washington, DC—Documents obtained through a Freedom of Information Act lawsuit confirm Department of Defense involvement in the CIA’s ghost detention program, revealed three prominent human rights groups today. The groups—Amnesty International USA (AIUSA), the Center for Constitutional Rights (CCR), and the Center for Human Rights and Global Justice (CHRGJ)—today released documents obtained from the U.S. Department of Defense (DOD) and U.S. Department of State (DOS), resulting from their lawsuit seeking the disclosure of government documents that relate to secret detention, extraordinary rendition, and torture. At a public press conference, the groups revealed that these documents confirm the existence of secret prisons at Bagram and in Iraq; affirm the DOD’s cooperation with the CIA’s ghost detention program; and show one case where the DOD sought to delay the release of Guantánamo prisoners who were scheduled to be sent home by a month and a half in order to avoid bad press.
…
Examples of DOD Joint Chiefs of Staff (JS) and TRANSCOM Documents of Interest:• JS 986 (May 28, 2004 Information Paper :“Applicability of Geneva Conventions to “Ghost Detainees” in Iraq) shows that the DOD interpreted the “security internee” provisions of the Geneva Conventions to allow for “ghosting” of detainees by prohibiting the International Committee of the Red Cross (ICRC) from visiting. It also shows that the DOD recognized that indefinitely prohibiting the ICRC from visiting or failing to notify the ICRC of the existence of detainees was illegal under the Geneva Conventions.
• JS 1026 & 1048 (Identical pages with different redactions from the Vice Chairman of the Joint Chiefs of Staff’s “Detainee Update” presentation regarding “Internment Serial Number Policy [ISN],” appear to be dated August 2005) show that the DOD did not, as a matter of course, register detainees with the ICRC until they had been in custody for up to 14 days and that authorization was sought to hold some individuals for up to 30 days without ISN/registry with ICRC to “maximize intelligence collection,” even though “there is some disagreement as to legal basis to go beyond 14 days.” These policies demonstrate the ease with which the CIA could have used DOD facilities as “sorting facilities” without having to worry about ICRC oversight or revelation of the ghost detainee program.• JS 712, 713, 903, 919 (December 8, 2005, records from Detainee Senior Leadership Oversight Council Meeting) contain references to a previously unreleased section of the Church Report and discuss the need for the DOD to develop and enforce guidelines governing their relationship with “Other Government Agencies,” including the CIA, in order to regulate interrogation and other “operations overseas.” These documents demonstrate that the DOD and CIA were in an ad hoc relationship, apparently unconstrained by formal guidelines.
• TRANSCOM 1 (February 17, 2006, email exchange between unnamed USTRANSCOM Political Advisor and General Norton Schwartz, then TRANSCOM Commander, currently the Air Force Chief of Staff) shows that in early 2006, in response to the release of a critical UN special rapporteur report on Guantánamo, high-level personnel within the US Transportation Command discussed delaying the return of releasable Guantánamo detainees to avoid bad press.
• JS 43 (July 25, 2007, ICRC Report of Undisclosed Detention Facility at Bagram) Highly redacted report from ICRC concerning secret detention facility at Bagram Air Force Base.
• Multiple Records detail the implementation of recommendations from the Ryder Report concerning detainee operations in Iraq, including the need to develop appropriate programs for juveniles and mentally ill detainees. The records also review in detail the efforts to implement the recommendations from numerous reports related to detainee operations, including the following
- Comprehensive Reviews: Schlesinger (comprehensive review of detainee operations); Church (review of DOD interrogation operations); Church Gaps & Seams Report;
- Assessments: Ryder (Detainee Operations), DAIG (Functional Assessment), NAVY IG (Detainee Care at GTMO), Jacoby (Detainee Operations in Afghanistan), and Miller (Interrogation Operations), USAIR IG (Reserve MP/MI Unit);
- Investigations: Taguba (800th MP Brigade); Kerm (205th MI Brigade); CID (serious crimes); Formica (detainee abuse); SOUTHCOM (FBI interrogation memos); and
- Ongoing Investigations as of the date of document: DAIG (senior accountability); Navy IG FOIA; Surgeon General Medical review
• The records from the Joint Chiefs of Staff include:
- April 28, 2005 DSLOC (Detainee Senior Leadership Oversight Committee) Open Recommendations Review (begins at JS 44);
- Aug 3, 2005 DSLOC Open Recommendation Review (begins at JS 426);
- Dec. 8, 2005, DSLOC Meeting (begins at JS 770);
- Aug. 19, 2004, Brief for the Secretary of Defense on Gaps & Seams (Church) (begins at JS 947);
- Jan. 27, 2005, DSLOC Briefing for all OSD Components (begins at JS 987); and
- Date unclear, Detainee Update briefing for Vice Chairs Joint Chiefs of Staff (begins at JS 1022)
U.S. Is Said to Agree to Raise Stake in Citigroup
By ERIC DASH
The Treasury’s stake in the bank would reach between 30 and 40 percent, people close to the deal said.
Policy shift will avert (avoid) $9 trillion deficit: Orszag
WASHINGTON (Reuters) - President Barack Obama's budget director said on Thursday that without a shift in policies the U.S. deficit would reach $9 trillion over the next decade.
White House budget chief Peter Orszag said the Obama administration's budget outline reflects costs for the war in Iraq and other items that were previously not included in the budget.
"All told we are showing $2.7 trillion in costs in this budget that were excluded from previous budgets and I think that is a mark of the honesty and responsibility contained in this document,"Thursday, 26 February 2009
Obama to pull troops from Iraq by mid 2010
Obama to pull troops from Iraq by mid 2010
President Obama tells congressional leaders he plans to pull all combat troops out of Iraq by August 2010, which falls short of his campaign promise of bringing all combat forces home within 16 months, according to three congressional officials familiar with the meeting. full story
Under this scenario, all combat troops will be withdrawn within 19 months of Obama's January inauguration, three months longer than his promise on the campaign trail.
In a meeting at the White House Thursday evening, Obama also told lawmakers that he plans to keep a range of 35,000 to 50,000 support troops on the ground in Iraq after combat troops are out, the officials said.
All U.S. troops have to be out of Iraq by December 31, 2011, under an agreement the Bush administration signed with the Iraqi government last year.
Rice: U.S. will seek to end any 'illicit' nuclear ambitions by Iran
U.S. to end 'illicit' nuclear ambitions by Iran
48 min
UNITED NATIONS (CNN) -- The Obama administration will work to stop any "illicit" nuclear aspirations by Iran, U.S. Ambassador to the United Nations Susan Rice told the U.N. Security Council on Thursday.
U.S. Ambassador to the United Nations Susan Rice said the U.S. will try to end Iran's "support for terrorism."
Rice spoke briefly about Iran in her speech, which was primarily focused on the Obama administration's approach to Iraq and its people. She called on the international community to provide greater support to the millions of Iraqi refugees who have been displaced because of the war.
Her comments on Iran came toward the end of her speech, when she mentioned that the United States plans to pursue a "comprehensive strategy" in the Middle East, including relations with Syria, Israel and the Palestinian people.
The United States "will seek to end Iran's ambition to acquire an illicit nuclear capability and its support for terrorism," Rice said.
President Barack Obama has said the United States is looking for opportunities for "face to face" dialogue with Iran, though he has "deep concerns" about Tehran's actions.
"We are showing the world that a new era of engagement has begun. For we know that America cannot meet the threats of this century alone, but the world cannot meet them without America," Obama said Tuesday during his first speech to a joint session of Congress.
"We cannot shun the negotiating table, nor ignore the foes or forces that could do us harm. We are instead called to move forward with the sense of confidence and candor that serious times demand."
Don't Miss
Iran tests its first nuclear power plant
Amanpour: World has questions for Obama
President Mahmoud Ahmadinejad has said his country welcomes talks with the United States "in a fair atmosphere with mutual respect."
In response to Rice's speech, Iran's ambassador to the U.N., Mohammad Khazaee, sent a letter to the president of the Security Council, Yukio Takasu, defending Iran's nuclear program and challenging U.S. allegations about the program.
"It is unfortunate that, yet again, we are hearing the same tired, unwarranted and groundless allegations that used to be unjustifiably and futilely repeated by the previous U.S. administration," Khazaee wrote.
Iran has repeatedly said, and the letter echoed, that Iran's nuclear program is peaceful and the country has not and will not seek to acquire nuclear weapons.
The letter also called U.S. allegations against Iran on terrorism "equally baseless and absurd."
Iran tested its first nuclear power plant on Wednesday at the Bushehr nuclear power plant using "dummy" fuel rods. Officials said the next test will use enriched uranium, but it is not clear when the test will be held or when the facility will be fully operational.
Last week, the Washington-based Institute for Science and International Security released a report stating that Iran has reached "nuclear weapons breakout capability" -- it has enough uranium to make a nuclear bomb.
The report was based on an analysis of data from the International Atomic Energy Agency, the U.N. nuclear watchdog agency.
However, an IAEA official who asked not to be named cautioned against drawing such dramatic conclusions from the data, saying Iran's stock of low-enriched uranium would have to be turned into highly enriched uranium to be weapons-grade material. That hasn't been done, the official said.
48 min
UNITED NATIONS (CNN) -- The Obama administration will work to stop any "illicit" nuclear aspirations by Iran, U.S. Ambassador to the United Nations Susan Rice told the U.N. Security Council on Thursday.
U.S. Ambassador to the United Nations Susan Rice said the U.S. will try to end Iran's "support for terrorism."
Rice spoke briefly about Iran in her speech, which was primarily focused on the Obama administration's approach to Iraq and its people. She called on the international community to provide greater support to the millions of Iraqi refugees who have been displaced because of the war.
Her comments on Iran came toward the end of her speech, when she mentioned that the United States plans to pursue a "comprehensive strategy" in the Middle East, including relations with Syria, Israel and the Palestinian people.
The United States "will seek to end Iran's ambition to acquire an illicit nuclear capability and its support for terrorism," Rice said.
President Barack Obama has said the United States is looking for opportunities for "face to face" dialogue with Iran, though he has "deep concerns" about Tehran's actions.
"We are showing the world that a new era of engagement has begun. For we know that America cannot meet the threats of this century alone, but the world cannot meet them without America," Obama said Tuesday during his first speech to a joint session of Congress.
"We cannot shun the negotiating table, nor ignore the foes or forces that could do us harm. We are instead called to move forward with the sense of confidence and candor that serious times demand."
Don't Miss
Iran tests its first nuclear power plant
Amanpour: World has questions for Obama
President Mahmoud Ahmadinejad has said his country welcomes talks with the United States "in a fair atmosphere with mutual respect."
In response to Rice's speech, Iran's ambassador to the U.N., Mohammad Khazaee, sent a letter to the president of the Security Council, Yukio Takasu, defending Iran's nuclear program and challenging U.S. allegations about the program.
"It is unfortunate that, yet again, we are hearing the same tired, unwarranted and groundless allegations that used to be unjustifiably and futilely repeated by the previous U.S. administration," Khazaee wrote.
Iran has repeatedly said, and the letter echoed, that Iran's nuclear program is peaceful and the country has not and will not seek to acquire nuclear weapons.
The letter also called U.S. allegations against Iran on terrorism "equally baseless and absurd."
Iran tested its first nuclear power plant on Wednesday at the Bushehr nuclear power plant using "dummy" fuel rods. Officials said the next test will use enriched uranium, but it is not clear when the test will be held or when the facility will be fully operational.
Last week, the Washington-based Institute for Science and International Security released a report stating that Iran has reached "nuclear weapons breakout capability" -- it has enough uranium to make a nuclear bomb.
The report was based on an analysis of data from the International Atomic Energy Agency, the U.N. nuclear watchdog agency.
However, an IAEA official who asked not to be named cautioned against drawing such dramatic conclusions from the data, saying Iran's stock of low-enriched uranium would have to be turned into highly enriched uranium to be weapons-grade material. That hasn't been done, the official said.
French Savings-Bank (Caisse d'epargne) got a minus of 2 bio €
http://www.n-tv.de/1110743.htmlThe bank had announced that Monsieur Perol will lead the bank from 2nd march onwards ahead of the publication of the numbers. Perol is one of the closest friends of Sarkozy. The demission of current head Comelet is seen in connection with the upcoming merger of savings banks and peoples banks.
Germany:Thierse calls deposit verdict "antisocial"
http://news.de.msn.com/politik/Article.aspx?cp-documentid=14590801
A cashier was guilty in the eyes of a German court to have stolen some kind of "deposit-sheets" that could be converted into 1euro30cents. It was ok by her employer to fire her. Head of parliament Thierse (social dems) called the verdict "antisocial" and "barbaric."
A cashier was guilty in the eyes of a German court to have stolen some kind of "deposit-sheets" that could be converted into 1euro30cents. It was ok by her employer to fire her. Head of parliament Thierse (social dems) called the verdict "antisocial" and "barbaric."
Official: Budget projects $1.75 trillion deficit
Official: Budget projects $1.75 trillion deficit
WASHINGTON – President Barack Obama is sending Congress a budget Thursday that projects the government's deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis. Full Story»
WASHINGTON – President Barack Obama is sending Congress a budget Thursday that projects the government's deficit for this year will soar to $1.75 trillion, reflecting efforts to pull the nation out of a deep recession and a severe financial crisis. Full Story»
Wednesday, 25 February 2009
Obama speech
Obama prereport
WASHINGTON - President Barack Obama says the "day of reckoning has arrived" for Americans after a spree of extravagant buying, gutted regulations and little or no long-term financial planning.
AP
WASHINGTON - President Barack Obama says the "day of reckoning has arrived" for Americans after a spree of extravagant buying, gutted regulations and little or no long-term financial planning.
In excerpts of his speech to Congress Tuesday night, the president offered a sober assessment of the last decade or so and said the time to take charge of the future is now.
'We Will Rebuild'
Obama: 'We will emerge stronger' from crisisAP
Obama tells nation: 'We are not quitters'
AP – 33 mins agoWASHINGTON – To a nation reeling from recession and facing long-festering problems, President Barack Obama has a simple reminder: "We are not quitters." Full Story»
Obama's high-risk strategy to fix the economy approaches everything at once: failing industries, teetering banks, housing and health care.
- JINDAL: GOP must return to fiscal discipline
- PHOTO GALLERY: President's first address
- OBAMA ON TV: The camera clearly loves him
The president, in praising the nation's resolve, works to inspire confidence. But he does not downplay the many problems ahead.
Obama's Speech
Post a Commentst updated: 5:20 a.m. Enjoy Subscriber Advantage
Obama's Rx: Innovation
Promising an overhaul of the nation's policies on education, energy and health care, President Obama vows the present economic crisis "will not determine the destiny of this nation."
- Fact check on Obama's speech
Updated: 38 minutes ago
- Rebuttal: 'Honest and fundamental disagreement'
- What did you think?
Tuesday, 24 February 2009
thank u.alright.please.madame speaker...privilege 2 present potus.
thank u.Thank u very much. Madame speaker, Mr vice president members of congress.first lady. (applause).I have come here tonight not only to address ... but to speak to (all)... state of economy... if u havent been personally affected... u probably knowe somebody who has.... u live it every day... its the job u retire from.... the college acceptance letter ur kid put back in the envelope...confidence shakier... we will rebuild we will recover - usa to appear stronger than before. the way of this crisis will not determine the destiny of the nation -solution in laboratories.... imagination of our entrepreneurs...ample measures... confront the problems, take responsibility for our future to be honest, we didnt meet these responsibbilies (past years)... lift ourselves up...it did not fall in decline overnight... we've known it's important to have clean energy - we import more oil than ever... we still spend more money than ever before -it was an era of short term gains...we didn't look farer than next day - we transfered money to the wealthy -regulations were gutted to the expense of a market-that day of reckoning has arrived...now is time to act....build a new foundation for new prosperities - we make hard choices to reduce deficit.... JOBS -as soon as I took office recovery plan top (priority) to put money in pockets more jobs lost without program .... weak economic growth....this congress delivered (recovery program)... over the next two years this plan will create 3.5 mio jobs... streets, turbines, broadband... 57 police officers were saved from unemployment.... because of this plan households will receive a tax cut.... struggling to pay tuition copsts... will get 1200 dollar tax cut... extended unployment benefits.... sceptical about plan... wasteful spending.... to get it right... OVERSIGHT IMPORTANT... (BIDEN)-nobody messes with Joe) I've told each of my cabinet they'll be held accountable for any dollar they spend...recovery.gov...where money is spent... (to put) economy back on track... even if flawlesss... credit crisis more important ... it directly affects u .... your insurance is secure. The concern is if we don't restart lending it'll (the program) be choked off...purchase of everything - car,college,education...too many bad loans in books of too many banks. When there's no lending companies forced to make layoffs... to disrupt destructive cycle...new lending fund...auto loans...college...small businesss loans to keep this economy running... second housing plan to fight threat of foreclosure: it wont help speculators (instead) it will help millions of americans... the average family who refinances can save 2 mio -third major banks will have enuf money to lend... force necessary adjustments...strong,viabnle institution....bankbailouts...nobody responsible? quicken the day... end this crisis! holdem fully responsible...more credit by more tax $... this time ceo's won't be able to bypass the rates or disappear in private jet... those days are over... still this plan will require significant resources from federal government... if not, the economy (will be) sputtering, (thats) worse for u and I refuse to let that happen. I understand (assistance) for bank mismanagment was disaster last time (while Bush was in office and put up bank recovery program)... it's unpopular (now) to help banks... I won't spend one cent for wall street ceo... it's about helping people... because when credit is available a family can buy a home... jobs are created in housing industry... slowly but surely confidence will return and our economy will recover...we cannot consign our economy to an open-ended recession - reform our outdated regulatory system... drive and inovation- punish abuse, revive economy - in the short term new jobs - new ability to compete dependence on oil...high school costs...i'll submit budget to office -laundering list of programs? vision... we inherit a 3 trillion deficit. some worthy priorities. we cannot ignore our long term priorites common prosperity economic upheavel...big ideas railroad tracks spurred industry high school system... built largest middle class in history... twilight struggle...explosion of technology, private industry...adapt and thrive, promise amid perril - how must we be this nation again? 3 areas? health care, energy,education. it begins with energy. we know wthe country that'll lead in clean nrg is country that'll lead 21st century. it's china...its time for america to lead again. we will double this nation's supply of renewable energy...power lines.... put americans to work....ravages of climate change... renewable energy.... carbon pollution....that's what we need. to support that innovation...wind, solar,clean coal.
speaking of car industry ...they're to the brink... we should not protect them from their bad habbits... reimaginate car industry. health care----causes bankruptcy every 30 secs in US. we cannot afford to put heralth care reform on hold.we've done more in 30 days than them in a decade. electronic health records. save lifes...cure for cancer in our time AND it makes the largest investment ever in preventive care. historic committment in health care reform. its a committment that's paid for by efficiences that is long overdue. how to achieve reform... doctors and dems and repugs (discuss) t. roosevwelt called for reform...let there be no doubt in it and not wait another year. the third challenge education...knowledge... its prerequisite...3/4 of jobs need more than high school diploma but only half (of US citizens) got it. Admin will ensure educatioon from day born till diploma. Already we have made historic investments we'll improve quality- most informative in first years of life. prevent painful cuts. we know schools don't just need more resources .... new teachers (reform) we'll invest in innovative programs to reach high standards...charter schools...we make the system work...citizen need to participate...1 year of higher education...dropping out of high school no longer an option...this country needs talents. that's why we will support americans to complete... highest proportion of high school graduates in the world. if u r willing to volunteer we will make sure u can participate in higher education i ask congress to sign legislation of Hatch&Ted kennedy. Open doors for opportunity...no policy can substitute parent...read to child...I speak as father...responsibility starts at home...American issue. There is of cutz another responsibility... we cannot pass on them a debt they cannot pay. I know we can get some consensus in here... with the deficit we inherrited the cost of the crisis we face (even more difficult). It has never been more important to bring that deficit down...FREE OF EARMARKAS line by line eliminate wateful and inefficient programs. in this budget we will end certain programs no bid contracts. REFORM defense budgwet root out waste in health system...tax cuts... for corporations that ship jobs overseas will end... in order to save our children from debt we will kill tax cuts for wealthiest 2% of americans. till 125000$ a year taxes wont increase 1 dime. a tax cut for 95% of working americans. to preserve long time fiscal health... medicare... social security. universal health account. honesty in budget...full cost of fighting in iraq in afghanistan. National sec team... way forward to iraq.... responsibly ends this war. comprehensive strategy -afghanistan and pakistan. safe havens half way round the world. as we meet here tonight men in uniform-americans united- unyielding support-for relief of our strained forces...well raise their pay...well give health care to them. dont become extremist--we must uphold our values... guantanamo bay will be closed.... upholding values makes us stronger. US does not torture. in words and deeds a new era of engagement has become... bidirectional US<->world. Israel and neighbors. 21st century challenges...crushing poverty forge new alöliances. we are working with g20. prevent escalating protectionism. we stand at crossroads...eyes on us. waiting forus to lead.... we are called to govern...burden but also privilege. shapwe our world for bad or good. trivial... hope is found in unlikely 0place...dreams and aspirations of ordinary americans....ceo... cashed out of his company....60000$ bonus divided upon 300 people who worked for him. i think greensburg kansas --tornado---clean energy powers community. sc scholl, ceilings drip hopeless..girl typed letter. askes prinicipal ...asks us for help... change not only for sc... we are not quitters. these words... generosity... perseveres ... we must show them that we are equal. one day well part. every american wants this country to succeed. starting point for every debate in coming months. if we lift it from depth of crisis without fear enduring spirit one day one will remember.
thank u.Thank u very much. Madame speaker, Mr vice president members of congress.first lady. (applause).I have come here tonight not only to address ... but to speak to (all)... state of economy... if u havent been personally affected... u probably knowe somebody who has.... u live it every day... its the job u retire from.... the college acceptance letter ur kid put back in the envelope...confidence shakier... we will rebuild we will recover - usa to appear stronger than before. the way of this crisis will not determine the destiny of the nation -solution in laboratories.... imagination of our entrepreneurs...ample measures... confront the problems, take responsibility for our future to be honest, we didnt meet these responsibbilies (past years)... lift ourselves up...it did not fall in decline overnight... we've known it's important to have clean energy - we import more oil than ever... we still spend more money than ever before -it was an era of short term gains...we didn't look farer than next day - we transfered money to the wealthy -regulations were gutted to the expense of a market-that day of reckoning has arrived...now is time to act....build a new foundation for new prosperities - we make hard choices to reduce deficit.... JOBS -as soon as I took office recovery plan top (priority) to put money in pockets more jobs lost without program .... weak economic growth....this congress delivered (recovery program)... over the next two years this plan will create 3.5 mio jobs... streets, turbines, broadband... 57 police officers were saved from unemployment.... because of this plan households will receive a tax cut.... struggling to pay tuition copsts... will get 1200 dollar tax cut... extended unployment benefits.... sceptical about plan... wasteful spending.... to get it right... OVERSIGHT IMPORTANT... (BIDEN)-nobody messes with Joe) I've told each of my cabinet they'll be held accountable for any dollar they spend...recovery.gov...where money is spent... (to put) economy back on track... even if flawlesss... credit crisis more important ... it directly affects u .... your insurance is secure. The concern is if we don't restart lending it'll (the program) be choked off...purchase of everything - car,college,education...too many bad loans in books of too many banks. When there's no lending companies forced to make layoffs... to disrupt destructive cycle...new lending fund...auto loans...college...small businesss loans to keep this economy running... second housing plan to fight threat of foreclosure: it wont help speculators (instead) it will help millions of americans... the average family who refinances can save 2 mio -third major banks will have enuf money to lend... force necessary adjustments...strong,viabnle institution....bankbailouts...nobody responsible? quicken the day... end this crisis! holdem fully responsible...more credit by more tax $... this time ceo's won't be able to bypass the rates or disappear in private jet... those days are over... still this plan will require significant resources from federal government... if not, the economy (will be) sputtering, (thats) worse for u and I refuse to let that happen. I understand (assistance) for bank mismanagment was disaster last time (while Bush was in office and put up bank recovery program)... it's unpopular (now) to help banks... I won't spend one cent for wall street ceo... it's about helping people... because when credit is available a family can buy a home... jobs are created in housing industry... slowly but surely confidence will return and our economy will recover...we cannot consign our economy to an open-ended recession - reform our outdated regulatory system... drive and inovation- punish abuse, revive economy - in the short term new jobs - new ability to compete dependence on oil...high school costs...i'll submit budget to office -laundering list of programs? vision... we inherit a 3 trillion deficit. some worthy priorities. we cannot ignore our long term priorites common prosperity economic upheavel...big ideas railroad tracks spurred industry high school system... built largest middle class in history... twilight struggle...explosion of technology, private industry...adapt and thrive, promise amid perril - how must we be this nation again? 3 areas? health care, energy,education. it begins with energy. we know wthe country that'll lead in clean nrg is country that'll lead 21st century. it's china...its time for america to lead again. we will double this nation's supply of renewable energy...power lines.... put americans to work....ravages of climate change... renewable energy.... carbon pollution....that's what we need. to support that innovation...wind, solar,clean coal.
speaking of car industry ...they're to the brink... we should not protect them from their bad habbits... reimaginate car industry. health care----causes bankruptcy every 30 secs in US. we cannot afford to put heralth care reform on hold.we've done more in 30 days than them in a decade. electronic health records. save lifes...cure for cancer in our time AND it makes the largest investment ever in preventive care. historic committment in health care reform. its a committment that's paid for by efficiences that is long overdue. how to achieve reform... doctors and dems and repugs (discuss) t. roosevwelt called for reform...let there be no doubt in it and not wait another year. the third challenge education...knowledge... its prerequisite...3/4 of jobs need more than high school diploma but only half (of US citizens) got it. Admin will ensure educatioon from day born till diploma. Already we have made historic investments we'll improve quality- most informative in first years of life. prevent painful cuts. we know schools don't just need more resources .... new teachers (reform) we'll invest in innovative programs to reach high standards...charter schools...we make the system work...citizen need to participate...1 year of higher education...dropping out of high school no longer an option...this country needs talents. that's why we will support americans to complete... highest proportion of high school graduates in the world. if u r willing to volunteer we will make sure u can participate in higher education i ask congress to sign legislation of Hatch&Ted kennedy. Open doors for opportunity...no policy can substitute parent...read to child...I speak as father...responsibility starts at home...American issue. There is of cutz another responsibility... we cannot pass on them a debt they cannot pay. I know we can get some consensus in here... with the deficit we inherrited the cost of the crisis we face (even more difficult). It has never been more important to bring that deficit down...FREE OF EARMARKAS line by line eliminate wateful and inefficient programs. in this budget we will end certain programs no bid contracts. REFORM defense budgwet root out waste in health system...tax cuts... for corporations that ship jobs overseas will end... in order to save our children from debt we will kill tax cuts for wealthiest 2% of americans. till 125000$ a year taxes wont increase 1 dime. a tax cut for 95% of working americans. to preserve long time fiscal health... medicare... social security. universal health account. honesty in budget...full cost of fighting in iraq in afghanistan. National sec team... way forward to iraq.... responsibly ends this war. comprehensive strategy -afghanistan and pakistan. safe havens half way round the world. as we meet here tonight men in uniform-americans united- unyielding support-for relief of our strained forces...well raise their pay...well give health care to them. dont become extremist--we must uphold our values... guantanamo bay will be closed.... upholding values makes us stronger. US does not torture. in words and deeds a new era of engagement has become... bidirectional US<->world. Israel and neighbors. 21st century challenges...crushing poverty forge new alöliances. we are working with g20. prevent escalating protectionism. we stand at crossroads...eyes on us. waiting forus to lead.... we are called to govern...burden but also privilege. shapwe our world for bad or good. trivial... hope is found in unlikely 0place...dreams and aspirations of ordinary americans....ceo... cashed out of his company....60000$ bonus divided upon 300 people who worked for him. i think greensburg kansas --tornado---clean energy powers community. sc scholl, ceilings drip hopeless..girl typed letter. askes prinicipal ...asks us for help... change not only for sc... we are not quitters. these words... generosity... perseveres ... we must show them that we are equal. one day well part. every american wants this country to succeed. starting point for every debate in coming months. if we lift it from depth of crisis without fear enduring spirit one day one will remember.
State of the nation pretext: Clintons words came true
cnn
State of the nation pretext: Clintons words came true
cnn
WASHINGTON (CNN) -- During the most contentious stretch of the Democratic presidential primary campaign last winter, then-candidate Hillary Clinton mocked Barack Obama for his pledge to transcend Washington's entrenched partisanship.
"The sky will open. The lights will come down. Celestial choirs will be singing and everyone will know we should do the right thing and the world will be perfect!" Clinton bellowed.
Obama dismissed Clinton's sarcasm as overly cynical and further evidence she was a creature of Washington. But as President Obama prepares to make his first major address to Congress, Clinton's comments are borne out.
--
I'm also thinking that Obama's policies have proven little effect till now. In fact, it didn't solve a thing but it costed time. And now we got the appearance of Mr. Jindal, incorporating the view: hey, I'm the most fucked up GOP immigrant around, and hey, I will take any chance I get and hey, finally I'll be the most fucked up opportunist around, and hey, guys, if you don't slime around like me, you are not eligible for help because I'm adapting to situation more perverted and because you are not dripping like me, nobody likes you. Obama got already the problem that he's being painted as somebody who is balloony by the GOP with them picking Jindal. If the recovery program doesnt take grip fast enough, he'll be painted as some sorry-democrat-appeaser by the GOP, who's really friendly but slo-mo in failing more completly than Bush.
State of the nation pretext: Clintons words came true
cnn
WASHINGTON (CNN) -- During the most contentious stretch of the Democratic presidential primary campaign last winter, then-candidate Hillary Clinton mocked Barack Obama for his pledge to transcend Washington's entrenched partisanship.
"The sky will open. The lights will come down. Celestial choirs will be singing and everyone will know we should do the right thing and the world will be perfect!" Clinton bellowed.
Obama dismissed Clinton's sarcasm as overly cynical and further evidence she was a creature of Washington. But as President Obama prepares to make his first major address to Congress, Clinton's comments are borne out.
--
I'm also thinking that Obama's policies have proven little effect till now. In fact, it didn't solve a thing but it costed time. And now we got the appearance of Mr. Jindal, incorporating the view: hey, I'm the most fucked up GOP immigrant around, and hey, I will take any chance I get and hey, finally I'll be the most fucked up opportunist around, and hey, guys, if you don't slime around like me, you are not eligible for help because I'm adapting to situation more perverted and because you are not dripping like me, nobody likes you. Obama got already the problem that he's being painted as somebody who is balloony by the GOP with them picking Jindal. If the recovery program doesnt take grip fast enough, he'll be painted as some sorry-democrat-appeaser by the GOP, who's really friendly but slo-mo in failing more completly than Bush.
VEB Opel?
NTV
(veb=volkseigener betrieb= peoples owned company opel)
Germany examines raising share in Opel.
ntv--- Volvo will get state aid (Sweden). Volvo belongs mainly to Ford at current
After no deal for Saab, Saab looks for investors
(veb=volkseigener betrieb= peoples owned company opel)
Germany examines raising share in Opel.
ntv--- Volvo will get state aid (Sweden). Volvo belongs mainly to Ford at current
After no deal for Saab, Saab looks for investors
Rove latest
Rove skips House testimony third time
Karl Rove did it again. Or rather, he didn't do it again.
For the third time, the former Bush official – and newly crowned king of D.C. Twitterers – failed to appear before the House Judiciary Committee to testify about his alleged involvement in the firing of U.S. Attorneys and the alleged political prosecution of former Alabama Gov. Don Siegelman.
Rove's no-show Monday is not surprising – especially to Siegelman, who said Monday in an exclusive Raw Story interview that Rove will never testify under oath "because he is guilty as sin." Rove's attorney has vehemently denied that his client was involved in the prosecution of Siegelman.
Siegelman believes he will never testify truthfully
Karl Rove did it again. Or rather, he didn't do it again.
For the third time, the former Bush official – and newly crowned king of D.C. Twitterers – failed to appear before the House Judiciary Committee to testify about his alleged involvement in the firing of U.S. Attorneys and the alleged political prosecution of former Alabama Gov. Don Siegelman.
Rove's no-show Monday is not surprising – especially to Siegelman, who said Monday in an exclusive Raw Story interview that Rove will never testify under oath "because he is guilty as sin." Rove's attorney has vehemently denied that his client was involved in the prosecution of Siegelman.
Siegelman believes he will never testify truthfully
Germany
HSH Northbank close to bankruptcy
The German state of Schleswig-Holstein is threatened by bankruptcy. It's a similar case likewise to the case of Iceland. The amount of support is so huge that the budget explodes. Schleswig-Holstein called on the German Federal Government to help it.
The German state of Schleswig-Holstein is threatened by bankruptcy. It's a similar case likewise to the case of Iceland. The amount of support is so huge that the budget explodes. Schleswig-Holstein called on the German Federal Government to help it.
Monday, 23 February 2009
Germany: Lib Dems push Ruettgers to announce new traffic minister quickly - Wolf in centre of criticism for picking voting date badly
Rheinische Post: NRW-FDP drängt Rütters: Neuen Minister schnell ernennen
Düsseldorf (ots) - Die FDP drängt NRW-Regierungschef Jürgen Rüttgers, den Posten des Verkehrsministers möglichst noch in dieser Woche neu zu besetzen. Der Ministerpräsident ...
Speichern
LOSS IN FRONT OF COURT
http://de.news.yahoo.com/16/20090218/tde-westdeutsche-zeitung-verfassungsgeri-56bb076.html
The black-yellow government of Northrhinia-Westphalia suffered its worst defeat in its 4 years in office. They were caught in the act when trying to manipulate an election date in their favor. The guilty guy was picked fast by governing christ dems: minister of interior Wolf is the one with the stained shirt. With long fingers one points at the lib dem man out of christ dem prime's office and out of the christ dem faction. This is plausible from many perspectives: the law was made in WOlf's office but he stayed absent from court and had others fight for his matter. But in the end its nothing but Christ Dem hypocrisy: eventually it was christ dem general secretary Wüst who brought up the idea to couple the election date for the local vote with the EU vote. The earlier date was picked because German federal elections in sep attract more voters. Thus the right government picked the june date of the EU vote. They were corrected by court and they got an extra-lesson in democracy. Now the NRW-government denies renewdly to couple the federal election (27 sep) with the local election (30 aug). This is brazen because the earlier date will cost NRW-cities 42 mio euros.
http://de.news.yahoo.com/2/20090218/tde-vorgezogener-termin-fuer-kommunalwah-a4484c6.html
Only a year ago the court killed an (insufficient) one-percent-hurdle election law.
http://de.news.yahoo.com/16/20090217/tde-waz-die-cdu-in-nrw-prima-klima-koali-56bb076.html
Hell-of-a-climate-coalition in trouble
The economy in NRW is deterioating. This makes it impossible for Ruettgers to present a deficit-free budget for the local elections on aug30. Among other things, there was the political amok run of Mulheims (Millhouse) candidate for mayor, that fueled the recent struggle.
Düsseldorf (ots) - Die FDP drängt NRW-Regierungschef Jürgen Rüttgers, den Posten des Verkehrsministers möglichst noch in dieser Woche neu zu besetzen. Der Ministerpräsident ...
Speichern
LOSS IN FRONT OF COURT
http://de.news.yahoo.com/16/20090218/tde-westdeutsche-zeitung-verfassungsgeri-56bb076.html
The black-yellow government of Northrhinia-Westphalia suffered its worst defeat in its 4 years in office. They were caught in the act when trying to manipulate an election date in their favor. The guilty guy was picked fast by governing christ dems: minister of interior Wolf is the one with the stained shirt. With long fingers one points at the lib dem man out of christ dem prime's office and out of the christ dem faction. This is plausible from many perspectives: the law was made in WOlf's office but he stayed absent from court and had others fight for his matter. But in the end its nothing but Christ Dem hypocrisy: eventually it was christ dem general secretary Wüst who brought up the idea to couple the election date for the local vote with the EU vote. The earlier date was picked because German federal elections in sep attract more voters. Thus the right government picked the june date of the EU vote. They were corrected by court and they got an extra-lesson in democracy. Now the NRW-government denies renewdly to couple the federal election (27 sep) with the local election (30 aug). This is brazen because the earlier date will cost NRW-cities 42 mio euros.
http://de.news.yahoo.com/2/20090218/tde-vorgezogener-termin-fuer-kommunalwah-a4484c6.html
Only a year ago the court killed an (insufficient) one-percent-hurdle election law.
http://de.news.yahoo.com/16/20090217/tde-waz-die-cdu-in-nrw-prima-klima-koali-56bb076.html
Hell-of-a-climate-coalition in trouble
The economy in NRW is deterioating. This makes it impossible for Ruettgers to present a deficit-free budget for the local elections on aug30. Among other things, there was the political amok run of Mulheims (Millhouse) candidate for mayor, that fueled the recent struggle.
Sports:Italy will test orange cards
Italien will orangefarbige Karte testenAFP - vor 11 Std. 58 Min.
German index drops below 4000 points
Dax sackt unter 4000-Punkte-MarkeAFP - vor 10 Std. 57 Min.
Frankfurt/Main (AFP) - For the first time since 4 years DAX closed below 4000 points
Dow and S&P at '97 lows
NEW YORK (CNNMoney.com) -- The Dow and S&P 500 tumbled to levels not seen in nearly 12 years Monday, as investors continue to worry that the government's efforts to slow the recession won't be sufficient.
The Dow Jones industrial average (INDU) lost 250 points, or 3.4%, ending at the lowest point since May 7, 1997.
The S&P 500 (SPX) index lost 26 points, or 3.5%, ending at the lowest point since April 11, 1997.
The Nasdaq composite (COMP) lost 53 points, or 3.7%. The tech-fueled index has held up better than the rest of the market so far this year, closing at the lowest points since Nov. 20, 2008.
"It's fear-based selling," said Dave Hinnenkamp, CEO at KDV Wealth Management. "The fact that we're touching these multi-year lows tells you we don't know where the bottom of this thing is."
Frankfurt/Main (AFP) - For the first time since 4 years DAX closed below 4000 points
Dow and S&P at '97 lows
NEW YORK (CNNMoney.com) -- The Dow and S&P 500 tumbled to levels not seen in nearly 12 years Monday, as investors continue to worry that the government's efforts to slow the recession won't be sufficient.
The Dow Jones industrial average (INDU) lost 250 points, or 3.4%, ending at the lowest point since May 7, 1997.
The S&P 500 (SPX) index lost 26 points, or 3.5%, ending at the lowest point since April 11, 1997.
The Nasdaq composite (COMP) lost 53 points, or 3.7%. The tech-fueled index has held up better than the rest of the market so far this year, closing at the lowest points since Nov. 20, 2008.
"It's fear-based selling," said Dave Hinnenkamp, CEO at KDV Wealth Management. "The fact that we're touching these multi-year lows tells you we don't know where the bottom of this thing is."
Economy: EU plans to put most transactions under surveillance
Europa is acting as one in the fight against the finacial and economical crisis.
During a summit in Berlin, heads of state agreed on a common line for the world economic summit on 2 apr 09 in London.
-There'll be stricter surveillance of all exchanges, (financial) fonds.
-Safe havens for tax-cheaters will be closed (for example Caymans).
-Banks will have to create security savings while making profit.
- There will be more money available to the IMF to support countries which are in a crisis.
See also: buzzflash.net----European leaders mounted a united front against the global financial crisis Sunday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along. Heads of government and finance ministers from Europe's largest economies joined German Chancellor Angela Merkel in Berlin to lay the groundwork for a common European position on economic reforms before an April 2 summit of the Group of 20 nations in London. "Europe will own up to its responsibility in the world," Merkel told reporters following the talks. Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on tax havens, caps for managers' bonus payments and a stronger role and increased funding for the International Monetary Fund.
During a summit in Berlin, heads of state agreed on a common line for the world economic summit on 2 apr 09 in London.
-There'll be stricter surveillance of all exchanges, (financial) fonds.
-Safe havens for tax-cheaters will be closed (for example Caymans).
-Banks will have to create security savings while making profit.
- There will be more money available to the IMF to support countries which are in a crisis.
See also: buzzflash.net----European leaders mounted a united front against the global financial crisis Sunday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along. Heads of government and finance ministers from Europe's largest economies joined German Chancellor Angela Merkel in Berlin to lay the groundwork for a common European position on economic reforms before an April 2 summit of the Group of 20 nations in London. "Europe will own up to its responsibility in the world," Merkel told reporters following the talks. Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on tax havens, caps for managers' bonus payments and a stronger role and increased funding for the International Monetary Fund.
Slumdog Millionaire
OSCARS-SHOW
'Slumdog' rules Oscars with 8 prizes, best picture AP – Mon Feb 23, 12:40 am ET
LOS ANGELES – "Slumdog Millionaire" took the best-picture Academy Award and seven other Oscars on Sunday, including director for Danny Boyle, whose ghetto-to-glory story paralleled the film's unlikely rise to Hollywood's summit. Full Story»
'Slumdog' rules Oscars with 8 prizes, best picture AP – Mon Feb 23, 12:40 am ET
LOS ANGELES – "Slumdog Millionaire" took the best-picture Academy Award and seven other Oscars on Sunday, including director for Danny Boyle, whose ghetto-to-glory story paralleled the film's unlikely rise to Hollywood's summit. Full Story»
Sunday, 22 February 2009
Germany: some jungle camp retro: Gulia Siegel stripped recently for playboy (bild 13-jan)
I was just fishing thru some old papers and thought to share it with you ahead of a waste dump
Obama on economy, BIll Clinton on economy
Official: Obama plans to slash deficit in half
AP – 13 mins agoWASHINGTON – Having committed hundreds of billions of taxpayers' dollars to revive the economy, President Barack Obama has another plan: to cut the federal deficit in half by the end of his first term. Full Story»
- Obama's Tuesday speech a broad look at economy AP – Sat Feb 21, 9:50 pm ET
Bill Clinton "Daily Show" Interview On
Economy, Obama (VIDEO) Bill Clinton "Daily Show" Interview On Economy, Obama (VIDEO) - The Huffington Post ... Bill Clinton never gets nasty about anyone. He's very similar to Obama ...huffingtonpost.com/2008/09/24/bill- - 152k - Cachedclinton-talks- econom_n_128885.html Bill Clinton: Barack Obama's Got
'Better Answers' For Economy - cbs5.com Former President Clinton set aside his cool relationship with Democratic presidential candidate Barack Obama on Wednesday to condemn Republican economic policies as ...cbs5.com/politics/bill.clinton.barack.2.830449.html ABC News: Bill Clinton: Obama Should
Sound More Hopeful Former President Bill Clinton gives President Barack Obama an ... Clinton thinks Obama should talk to the public in greater depth about the economy. ...abcnews.go.com/GMA/President44/story?id=6916695&page=1
Billionaire Texan banker Stanford surrenders passport to Feds
Billionaire banker Allen Stanford won't be watching cricket in the Caribbean anytime soon.
Stanford has surrendered his passport to U.S. authorities, ending a very bad week for the 58-year-old Texan, whose whereabouts had been a high-profile mystery just days ago. That means "Sir Allen" likely won't be traveling beyond the continental U.S., although it is unclear if he could stop by his home in St. Croix, in the U.S. Virgin Islands.
On Tuesday, the U.S. Securities and Exchange Commission charged Stanford, two of his colleagues and three of his companies with an $8 billion fraud. Standford's banks sold certificates of deposit – financial instruments normally considered risk-free – with abnormally high interest rates. After the banker did not respond to a SEC subpoena, the hunt was on, with many observers presuming he was on the run or going into hiding.
But Stanford apparently surrendered his passport in Fredericksburg, VA, just as regulators yesterday seized his banks in Antigua and Barbuda, Reuters reported. Stanford International Bank Ltd, which sold the allegedly fraudulent financial instruments, was headquartered in Antigua. Stanford Financial Group (SFG) is based in Houston.
Saturday, 21 February 2009
Friday, 20 February 2009
Calif. politician blames budget woes on 'Republican infection'
Calif. politician blames budget woes on 'Republican infection'
| David Edwards and Stephen C. Webster Published: Thursday February 19, 2009 | ||||
State lawmakers break logjam over budget, pass bills with 'super majority' vote
When California Republicans replaced the state's senate minority leader for siding with Democrats over a budget conflation, ultimately delaying the deal by a single vote after weeks of frantic negotiations, that was a step too far for Lt. Governor John Garamendi.
Accusing the state's GOP of attempting to shut down the government, in the vein of the Gingrich-led federal shutdown of 1995, Garamendi said Wednesday to MSNBC anchor Contessa Brewer that California's budget crisis was caused by "a Republican infection."
State lawmakers early Thursday passed a fiscal plan aimed at closing the state's $42 billion budget deficit, which threatened a financial meltdown in the world's eighth-largest economy.
State lawmakers early Thursday passed a fiscal plan aimed at closing the state's $42 billion budget deficit, which threatened a financial meltdown in the world's eighth-largest economy.
The budget package passed after Republican Abel Maldonado agreed to support the measures in exchange for changes to California's electoral law and the removal from the plan of a 12-cent-per-gallon hike in the gasoline tax.
BOA CEO subpoenaed
(CNN) -- Bank of America CEO and Chairman Kenneth Lewis has been issued a subpoena by the New York State Attorney General's Office, which is investigating whether the bank violated state law by withholding information from investors, a source familiar with the investigation told CNN. Kenneth Lewis is the CEO and chairman of Bank of America, the nation's largest bank. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.
In his letter to Frank, Cuomo said Merrill gave bonuses of at least $1 million each to 696 employees, with a combined $121 million going to the top four recipients. The next four recipients were awarded a total of $62 million, and the next six received $66 million, he said. In all, the bonuses for 2008 totaled $3.6 billion.
"While more than 39,000 Merrill employees received bonuses from the pool, the vast majority of these funds were disproportionately distributed to a small number of individuals," Cuomo wrote. "Indeed, Merrill chose to make millionaires out of a select group of 700 employees."
The attorney general said Merrill "awarded an even smaller group of top executives what can only be described as gigantic bonuses."
Don't Miss
It "appears that, instead of disclosing their bonus plans in a transparent way as requested by my office, Merrill Lynch secretly moved up the planned date to allocate bonuses and then richly rewarded their failed executives," Cuomo wrote.
Bank of America has received $45 billion in federal bailout money, including $20 billion to support its takeover of Merrill. Bank of America reported a net loss of $1.79 billion for the fourth quarter. Merrill reported a net loss of $15.31 billion for the fourth quarter.
Bank of America spokesman Scott Silvestri that Merrill was "an independent company" when the bonuses were awarded.
Netanyahu: Iran is biggest threat in Israeli history
The prospect of a nuclear-armed Iran poses the biggest threat to Israel in the nation's history, Benjamin Netanyahu said Friday as he urged his political rivals to unite behind him. The Likud leader was asked by Israeli President Shimon Peres, right, to form a coalition following right wing gains in this month's election. full story
Obama visits Harper
AOL
OTTAWA (Feb. 19) - President Barack Obama stepped cautiously in his first foreign trip Thursday, refraining from asking Canada to rethink its plans to withdraw troops from Afghanistan and saying changes to the North American Free Trade Agreement can wait.
OTTAWA (Feb. 19) - President Barack Obama stepped cautiously in his first foreign trip Thursday, refraining from asking Canada to rethink its plans to withdraw troops from Afghanistan and saying changes to the North American Free Trade Agreement can wait.
Thursday, 19 February 2009
Wednesday, 18 February 2009
Tuesday, 17 February 2009
car industry
http://www.msnbc.msn.com/id/29243150?GT1=43001
DETROIT - General Motors and Chrysler asked the government for an additional $14 billion in aid, a dramatic acknowledgment that conditions in the U.S. auto industry have grown significantly worse in just two months.
GM presented a survival plan that also calls for cutting a total of 47,000 jobs globally and closing five more U.S. factories. That represents the largest work force reduction announced by a U.S. company in the economic downturn. Chrysler said it will cut 3,000 more jobs and stop producing three vehicle models.
DETROIT - General Motors and Chrysler asked the government for an additional $14 billion in aid, a dramatic acknowledgment that conditions in the U.S. auto industry have grown significantly worse in just two months.
GM presented a survival plan that also calls for cutting a total of 47,000 jobs globally and closing five more U.S. factories. That represents the largest work force reduction announced by a U.S. company in the economic downturn. Chrysler said it will cut 3,000 more jobs and stop producing three vehicle models.
Dems' $42 billion budget fix's declined by Republican obstructionists
http://www.msnbc.msn.com/id/29229462
SACRAMENTO, Calif. - California legislative leaders on Tuesday made what they hoped would be a last push for one more Republican to support their $42 billion budget fix, warning of fiscal disaster if none of the holdouts puts aside opposition to tax increases.
The leader of the state Senate said the chamber would remain in continuous session until the legislation is passed. Meanwhile, state officials were sending out layoff notices and ordered the shutdown of hundreds of public works projects employing nearly 92,000 construction workers.
Tax revenues have plunged by billions of dollars as the recession clobbers California, leaving the state without sufficient cash to pay its bills. The remedy offered by the governor and lawmakers is to reopen the budget in the middle of the fiscal year, enact deep cuts and tax increases, and work out a fix that will cover the state's spending through June 2010.
SACRAMENTO, Calif. - California legislative leaders on Tuesday made what they hoped would be a last push for one more Republican to support their $42 billion budget fix, warning of fiscal disaster if none of the holdouts puts aside opposition to tax increases.
The leader of the state Senate said the chamber would remain in continuous session until the legislation is passed. Meanwhile, state officials were sending out layoff notices and ordered the shutdown of hundreds of public works projects employing nearly 92,000 construction workers.
Tax revenues have plunged by billions of dollars as the recession clobbers California, leaving the state without sufficient cash to pay its bills. The remedy offered by the governor and lawmakers is to reopen the budget in the middle of the fiscal year, enact deep cuts and tax increases, and work out a fix that will cover the state's spending through June 2010.
Jindal may reject recovery package money
http://thinkprogress.org/2009/02/17/jindal-stimulus/#comment-5506589
Jindal may reject recovery package money.»
Louisiana faces a possible $2 billion budget shortfall next year, and the state is being hit hard by unemployment. Yet Gov. Bobby Jindal (R), rumored to be a future presidential candidate, said this weekend that he may turn down the roughly $3.8 billion for the state in the economy recovery package, which is expected to create 50,000 jobs:
We’ll have to review each program, each new dollar to make sure that we understand what are the conditions, what are the strings and see whether it’s beneficial for Louisiana to use those dollars,” Jindal said.
Jindal seems to be taking an even harder line than his colleagues, such as Sen. Lindsey Graham (R-SC) and Gov. Mark Sanford (R-SC), who both may accept stimulus money while opposing the stimulus legislation. Jindal is scheduled to give the official GOP response to President Obama’s address next Tuesday.
Jindal may reject recovery package money.»
Louisiana faces a possible $2 billion budget shortfall next year, and the state is being hit hard by unemployment. Yet Gov. Bobby Jindal (R), rumored to be a future presidential candidate, said this weekend that he may turn down the roughly $3.8 billion for the state in the economy recovery package, which is expected to create 50,000 jobs:
We’ll have to review each program, each new dollar to make sure that we understand what are the conditions, what are the strings and see whether it’s beneficial for Louisiana to use those dollars,” Jindal said.
Jindal seems to be taking an even harder line than his colleagues, such as Sen. Lindsey Graham (R-SC) and Gov. Mark Sanford (R-SC), who both may accept stimulus money while opposing the stimulus legislation. Jindal is scheduled to give the official GOP response to President Obama’s address next Tuesday.
Texas Billionaire Allen Stanford Charged with Fraud by the SEC
Texas Billionaire Charged with Fraud by the SEC
February 17, 2009 Source: The Associated Press Relevance: 65.472% U.S. authorities charged Texas billionaire Allen Stanford and three of his companies with ''massive ongoing fraud'' on Tuesday as federal agents swooped in on Stanford's U.S. headquarters
U.S. authorities charged Texas billionaire Allen Stanford and three of his companies with ''massive ongoing fraud'' on Tuesday as federal agents swooped in on Stanford's U.S. headquarters.
In a complaint filed in federal court in Dallas, the U.S. Securities and Exchange Commission accused the cricket-loving Stanford and two other top executives at Stanford Financial Group of fraudulently selling $8 billion in high-yield certificates of deposit.
SEC charges Texas financier with 'massive' fraud
February 17, 2009 Source: The Associated Press Relevance: 85.006% Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his firms with a "massive" fraud that centered around high-interest-rate certificates of deposit, and raided some of the companies' offices
Antigua PM urges calm amid Stanford investigation
February 18, 2009 Source: The Associated Press Relevance: 58.77% Antigua's prime minister urged people Tuesday not to panic over a U.S. fraud probe involving the Caribbean country's most prominent business.
Stanford Bank in Venezuela unaffected by probe
February 18, 2009 Source: The Associated Press Relevance: 76.623% The decision by the U.S. federal government to freeze Stanford Bank's assets amid investigations into investment-fraud allegations will not affect the company's branches in Venezuela, a spokeswoman said Tuesday
February 17, 2009 Source: The Associated Press Relevance: 65.472% U.S. authorities charged Texas billionaire Allen Stanford and three of his companies with ''massive ongoing fraud'' on Tuesday as federal agents swooped in on Stanford's U.S. headquarters
U.S. authorities charged Texas billionaire Allen Stanford and three of his companies with ''massive ongoing fraud'' on Tuesday as federal agents swooped in on Stanford's U.S. headquarters.
In a complaint filed in federal court in Dallas, the U.S. Securities and Exchange Commission accused the cricket-loving Stanford and two other top executives at Stanford Financial Group of fraudulently selling $8 billion in high-yield certificates of deposit.
SEC charges Texas financier with 'massive' fraud
February 17, 2009 Source: The Associated Press Relevance: 85.006% Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his firms with a "massive" fraud that centered around high-interest-rate certificates of deposit, and raided some of the companies' offices
Antigua PM urges calm amid Stanford investigation
February 18, 2009 Source: The Associated Press Relevance: 58.77% Antigua's prime minister urged people Tuesday not to panic over a U.S. fraud probe involving the Caribbean country's most prominent business.
Stanford Bank in Venezuela unaffected by probe
February 18, 2009 Source: The Associated Press Relevance: 76.623% The decision by the U.S. federal government to freeze Stanford Bank's assets amid investigations into investment-fraud allegations will not affect the company's branches in Venezuela, a spokeswoman said Tuesday
Bill Clinton on Obama
http://news.aol.com/main/obama-presidency/article/bill-clinton-on-obama/344764
WASHINGTON (Feb. 16) - Former President Bill Clinton said Monday he thinks the country will surmount the current economic crisis, but sees the threat of terrorism and global instability as a longer-term problem.
Clinton also gave President Barack Obama high marks for the $787 billion economic stimulus bill that Obama will sign into law as early as Tuesday.
I think he's off to a good start," Clinton said. "I think he's got a good team."
Clinton added that had he and his economics team been in office the last eight years, the economy would not have tanked.
Asked his perspective on how the country fell into such economic hard times, Clinton responded in an NBC "Today" show interview by asking rhetorically: "Did any of them seriously believe that if I had been president and my economic team had been in place the last eight years, that this would be taking place."
He said he thought Obama's White House handled the stimulus issue relatively well, "given the fact they had to do it in a hurry."
Clinton also said he believes the massive bill, which combines spending and tax cuts, will be "our bridge over troubled waters."
WASHINGTON (Feb. 16) - Former President Bill Clinton said Monday he thinks the country will surmount the current economic crisis, but sees the threat of terrorism and global instability as a longer-term problem.
Clinton also gave President Barack Obama high marks for the $787 billion economic stimulus bill that Obama will sign into law as early as Tuesday.
I think he's off to a good start," Clinton said. "I think he's got a good team."
Clinton added that had he and his economics team been in office the last eight years, the economy would not have tanked.
Asked his perspective on how the country fell into such economic hard times, Clinton responded in an NBC "Today" show interview by asking rhetorically: "Did any of them seriously believe that if I had been president and my economic team had been in place the last eight years, that this would be taking place."
He said he thought Obama's White House handled the stimulus issue relatively well, "given the fact they had to do it in a hurry."
Clinton also said he believes the massive bill, which combines spending and tax cuts, will be "our bridge over troubled waters."
Saudi Arabia's King Abdullah appoints moderates to key posts
Saudi Arabia's King Abdullah appoints moderates to key posts
The move weakens the grip of Islamic hard-liners. He dismisses a top fundamentalist cleric and the head of the religious police, and appoints a woman to a ministerial post for the first time. King Abdullah of Saudi Arabia weakened the hold of Islamic hard-liners Saturday by appointing the first woman to a ministerial post and dismissing a leading fundamentalist cleric and the head of the ...Los Angeles Times - Feb 14 11:52 AM
The move weakens the grip of Islamic hard-liners. He dismisses a top fundamentalist cleric and the head of the religious police, and appoints a woman to a ministerial post for the first time. King Abdullah of Saudi Arabia weakened the hold of Islamic hard-liners Saturday by appointing the first woman to a ministerial post and dismissing a leading fundamentalist cleric and the head of the ...Los Angeles Times - Feb 14 11:52 AM
Islamic Law Instituted In Pakistan's Swat Valley
Islamic Law Instituted In Pakistan's Swat Valley
Islamic Law Instituted In Pakistan's Swat Valley
Islamic Law Instituted In Pakistan's Swat Valley
PESHAWAR, Pakistan, Feb. 16 -- The Pakistani government, desperate to restore peace to a Taliban-infested valley once known as the "Switzerland of Pakistan," agreed Monday to enforce strict Islamic law in the surrounding district near the Afghan border, conceding to a long-standing demand by local... Washington Post - Feb 16 8:31 PM
http://www.nytimes.com/2009/02/17/world/asia/17pstan.html?_r=2&th&emc=th
NYTimes commentary: Pakistan creates a haven
Pakistan offers Islamic law to pacify Swat
PESHAWAR, Pakistan (Reuters) - Pakistan agreed on Monday to apply a system of Islamic law in Swat valley and other areas of the northwest to pacify a revolt, while a suspected U.S. missile strike on a Taliban nest near the Afghan border killed at least 26 people.Reuters via Yahoo!Xtra News - Feb 16 8:56 AM
Pakistan to set up Islamic courts to appease Swat militants - Summary
Islamabad - The provincial government in Pakistan's North West Frontier Province (NWFP) on Monday signed an agreement with Muslim hardliners to enforce Islamic laws in the restive Swat Valley, a minister told reporters. Today an agreement has been s...EARTHtimes.org - Feb 16 4:20 AM
Islamic Law Instituted In Pakistan's Swat Valley
Islamic Law Instituted In Pakistan's Swat Valley
PESHAWAR, Pakistan, Feb. 16 -- The Pakistani government, desperate to restore peace to a Taliban-infested valley once known as the "Switzerland of Pakistan," agreed Monday to enforce strict Islamic law in the surrounding district near the Afghan border, conceding to a long-standing demand by local... Washington Post - Feb 16 8:31 PM
http://www.nytimes.com/2009/02/17/world/asia/17pstan.html?_r=2&th&emc=th
NYTimes commentary: Pakistan creates a haven
Pakistan offers Islamic law to pacify Swat
PESHAWAR, Pakistan (Reuters) - Pakistan agreed on Monday to apply a system of Islamic law in Swat valley and other areas of the northwest to pacify a revolt, while a suspected U.S. missile strike on a Taliban nest near the Afghan border killed at least 26 people.Reuters via Yahoo!Xtra News - Feb 16 8:56 AM
Pakistan to set up Islamic courts to appease Swat militants - Summary
Islamabad - The provincial government in Pakistan's North West Frontier Province (NWFP) on Monday signed an agreement with Muslim hardliners to enforce Islamic laws in the restive Swat Valley, a minister told reporters. Today an agreement has been s...EARTHtimes.org - Feb 16 4:20 AM
Japan finance minister may face censure
Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furor over his behavior dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo! News - Feb 16 7:37 PM
Japan's finance minister to resign over slurred speech
Japan's Finance Minister Shoichi Nakagawa said Tuesday he would resign, after denying being drunk at a Group of Seven meeting in Rome where he appeared incoherent and slurred his speech.AFP via Yahoo! News - 2 hours, 30 minutes ago
Japan finance minister steps down
Japan's finance minister says he will resign for health reasons, amid claims that he was drunk at a G7 meeting.BBC News - Feb 16 8:13 PM
Japan Minister Quits After Appearing Drunk at G7
Japan's finance minister says he is stepping down due to health problems. Fox News - 2 hours, 36 minutes ago
Japan's Finance Minister Nakagawa To Step Down
Japan's Finance Minister Nakagawa To Step Down Fox News - 2 hours, 35 minutes ago
Japan minister in drunkenness row
Japan's finance minister faces calls for him to step down after accusations he was drunk at a recent G7 summit.BBC News - Feb 16 6:20 AM
SNAP ANALYSIS-Japan finance minister departure hurts PM
Japan's finance minister, forced to deny he was drunk at a G7 news conference, said on Tuesday he would resign after budget bills were passed, the latest blow to Prime Minister Taro Aso in an election year.Reuters via Yahoo! UK & Ireland News - 1 hour, 41 minutes ago
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!Xtra News - Feb 16 7:06 PM
SNAP ANALYSIS-Japan finance minister departure hurts PM
Japan's finance minister, forced to deny he was drunk at a G7 news conference, said on Tuesday he would resign after budget bills were passed, the latest blow to Prime Minister Taro Aso in an election year.Reuters via Yahoo! UK & Ireland News - 2 hours, 52 minutes ago
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!Xtra News - Feb 16 7:06 PM
Japan Nakagawa: Will Keep Doing Finance Minister's Job
TOKYO -(Dow Jones)- Japan's Shoichi Nakagawa, who holds the posts of finance minister and banking minister, said Tuesday that he will continue with the job of finance minister.Nasdaq - Feb 16 4:33 PM
Japan finance minister denies drunk at G-7, faces call to go
TOKYO -- Japan's finance minister denied on Monday that he had been drunk at a G-7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Chinapost.com.tw - Feb 16 5:50 PM
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!7 News - Feb 16 5:50 PM
CNN - Japan Finance Minister To Resign
Japan's Main Opposition Party Will Introduce A Motion Tuesday To Censure That Country's Finance Minister After He Appeared To Be Intoxicated At A Weekend News Conference At The G-7 Meeting In Rome, The Kyodo News Agency Reported. WSB-TV 2 Atlanta - 1 hour, 12 minutes ago
Japan finance minister resigns
Japan's finance minister has said he will step down, following claims that he was drunk at a recent G7 meeting. Shoichi Nakagawa said he would resign after the government's budget is passed by the lower house of parliament.Deutsche Welle - 54 minutes ago
Japan Minister Quits After Appearing Drunk at G7
Japan's finance minister announced Tuesday he will step down because of health problems after facing allegations he was drunk at a recent summit meeting, dealing a major blow to Prime Minister Taro Aso's already shaky government.FOX 29 Lake Charles - Feb 16 9:00 PM
Japan finance minister denies drunk at G7
TOKYO (Reuters) - Japan's finance minister denied on Monday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Reuters via Yahoo!Xtra News - Feb 16 7:18 AM
Japan finance minister to quit in blow to PM Aso
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign after being forced to deny he was drunk at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso in an election year.Reuters via Yahoo! News - 2 hours, 31 minutes ago
Japan's finance minister to resign over misbehaviour
Tokyo, Feb 17 : Japan's Finance Minister Shoichi Nakagawa who has been under severe criticism for slurring at a press conference in Italy last week announced Tuesday that he would resign.New Kerala - 2 hours, 34 minutes ago
Japan finance minister says to quit in fresh blow for PM
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign after coming under fire for his behavior at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo! News - Feb 16 8:08 PM
Japan Finance Minister Nakagawa Denies Being Drunk at G-7
Feb. 16 (Bloomberg) -- Japan’s Finance Minister Shoichi Nakagawa denied he was drunk during a Group of Seven press conference in Rome on Feb. 14. Nakagawa told reporters in Tokyo today he had taken some cold medicine at a meeting of finance ministers and central bankers this weekend.Bloomberg - Feb 15 8:29 PM
Japan ‘Birthrate’ Minister Obuchi Is Pregnant With Second Child
Feb. 16 (Bloomberg) -- Yuko Obuchi , Japan’s government minister responsible for measures to increase the nation’s birthrate, is pregnant and expecting her second child in September.Bloomberg - Feb 15 11:44 PM
Japan Minister Not Drunk, But Hangover Grows
The Japanese finance minister has denied being drunk during a news conference and insisted he had the backing of his leader even as Japan's economy shrank at its fastest rate in 35 years.SkyNews via Yahoo! UK & Ireland News - Feb 16 4:02 AM
Japan Finance Minister Nakagawa Denies Being Drunk at Rome G-7
Feb. 16 (Bloomberg) -- Japan’s Finance Minister Shoichi Nakagawa denied he was drunk during a G-7 press conference in Rome on Feb. 14, where he had difficulty understanding questions and slurred his words.Bloomberg - Feb 15 7:29 PM
Japan finance minister denies drunk at G7
Japan's finance minister denied on Monday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Reuters via Yahoo! UK & Ireland News - Feb 16 6:00 AM
Japan's finance minister denies being drunk at G7
Japan's finance minister has denied that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Stuff - Feb 16 10:29 AM
Japan finance minister denies being drunk at G7
TOKYO: Japan’s finance minister denied yesterday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Gulf Times - Feb 16 1:38 PM
At least Brown hasn't hit the bottle yet: Japan's minister for finance denies he was drunk on TV as his economy ...
At least Brown hasn't hit the bottle yet: Japan's minister for finance denies he was drunk on TV as his economy shrinks 3.3% in A QUARTERDaily Mail - Feb 16 1:17 AM
Japan Finance Minister Nakagawa to step down
Finance Minister Shoichi Nakagawa, facing sharp criticism after what appeared to be a drunken state during a televised news conference, said Tuesday he will step down once some budget legislation is passed. Market Watch - 41 minutes ago
Japan's finance minister denies being drunk at G7
Japan's finance minister Shoichi Nakagawa has denied being drunk at a G7 meeting on the financial crisis and blamed cold medicine for appearing drowsy and slurring his speech at a press conference.Australian Broadcasting Corporation - Feb 16 12:22 AM
Japan finance minister Nakagawa says to resign
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign, following criticism of his behavior at a weekend G7 news conference in Rome.Reuters via Yahoo! News - Feb 16 7:50 PM
Japan minister denies being drunk at G7
Japan's Finance Minister Shoichi Nakagawa has denied being drunk at a G7 meeting on the financial crisis and has blamed cold medicine for slurring his speech.AAP via Yahoo!7 News - Feb 15 8:47 PM
Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furor over his behavior dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo! News - Feb 16 7:37 PM
Japan's finance minister to resign over slurred speech
Japan's Finance Minister Shoichi Nakagawa said Tuesday he would resign, after denying being drunk at a Group of Seven meeting in Rome where he appeared incoherent and slurred his speech.AFP via Yahoo! News - 2 hours, 30 minutes ago
Japan finance minister steps down
Japan's finance minister says he will resign for health reasons, amid claims that he was drunk at a G7 meeting.BBC News - Feb 16 8:13 PM
Japan Minister Quits After Appearing Drunk at G7
Japan's finance minister says he is stepping down due to health problems. Fox News - 2 hours, 36 minutes ago
Japan's Finance Minister Nakagawa To Step Down
Japan's Finance Minister Nakagawa To Step Down Fox News - 2 hours, 35 minutes ago
Japan minister in drunkenness row
Japan's finance minister faces calls for him to step down after accusations he was drunk at a recent G7 summit.BBC News - Feb 16 6:20 AM
SNAP ANALYSIS-Japan finance minister departure hurts PM
Japan's finance minister, forced to deny he was drunk at a G7 news conference, said on Tuesday he would resign after budget bills were passed, the latest blow to Prime Minister Taro Aso in an election year.Reuters via Yahoo! UK & Ireland News - 1 hour, 41 minutes ago
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!Xtra News - Feb 16 7:06 PM
SNAP ANALYSIS-Japan finance minister departure hurts PM
Japan's finance minister, forced to deny he was drunk at a G7 news conference, said on Tuesday he would resign after budget bills were passed, the latest blow to Prime Minister Taro Aso in an election year.Reuters via Yahoo! UK & Ireland News - 2 hours, 52 minutes ago
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!Xtra News - Feb 16 7:06 PM
Japan Nakagawa: Will Keep Doing Finance Minister's Job
TOKYO -(Dow Jones)- Japan's Shoichi Nakagawa, who holds the posts of finance minister and banking minister, said Tuesday that he will continue with the job of finance minister.Nasdaq - Feb 16 4:33 PM
Japan finance minister denies drunk at G-7, faces call to go
TOKYO -- Japan's finance minister denied on Monday that he had been drunk at a G-7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Chinapost.com.tw - Feb 16 5:50 PM
Japan finance minister faces possible censure
TOKYO (Reuters) - Japan's finance minister faced a possible parliamentary censure on Tuesday after denying he was drunk at a G7 news conference, as the furore over his behaviour dealt a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo!7 News - Feb 16 5:50 PM
CNN - Japan Finance Minister To Resign
Japan's Main Opposition Party Will Introduce A Motion Tuesday To Censure That Country's Finance Minister After He Appeared To Be Intoxicated At A Weekend News Conference At The G-7 Meeting In Rome, The Kyodo News Agency Reported. WSB-TV 2 Atlanta - 1 hour, 12 minutes ago
Japan finance minister resigns
Japan's finance minister has said he will step down, following claims that he was drunk at a recent G7 meeting. Shoichi Nakagawa said he would resign after the government's budget is passed by the lower house of parliament.Deutsche Welle - 54 minutes ago
Japan Minister Quits After Appearing Drunk at G7
Japan's finance minister announced Tuesday he will step down because of health problems after facing allegations he was drunk at a recent summit meeting, dealing a major blow to Prime Minister Taro Aso's already shaky government.FOX 29 Lake Charles - Feb 16 9:00 PM
Japan finance minister denies drunk at G7
TOKYO (Reuters) - Japan's finance minister denied on Monday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Reuters via Yahoo!Xtra News - Feb 16 7:18 AM
Japan finance minister to quit in blow to PM Aso
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign after being forced to deny he was drunk at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso in an election year.Reuters via Yahoo! News - 2 hours, 31 minutes ago
Japan's finance minister to resign over misbehaviour
Tokyo, Feb 17 : Japan's Finance Minister Shoichi Nakagawa who has been under severe criticism for slurring at a press conference in Italy last week announced Tuesday that he would resign.New Kerala - 2 hours, 34 minutes ago
Japan finance minister says to quit in fresh blow for PM
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign after coming under fire for his behavior at a G7 news conference, dealing a fresh blow to unpopular Prime Minister Taro Aso.Reuters via Yahoo! News - Feb 16 8:08 PM
Japan Finance Minister Nakagawa Denies Being Drunk at G-7
Feb. 16 (Bloomberg) -- Japan’s Finance Minister Shoichi Nakagawa denied he was drunk during a Group of Seven press conference in Rome on Feb. 14. Nakagawa told reporters in Tokyo today he had taken some cold medicine at a meeting of finance ministers and central bankers this weekend.Bloomberg - Feb 15 8:29 PM
Japan ‘Birthrate’ Minister Obuchi Is Pregnant With Second Child
Feb. 16 (Bloomberg) -- Yuko Obuchi , Japan’s government minister responsible for measures to increase the nation’s birthrate, is pregnant and expecting her second child in September.Bloomberg - Feb 15 11:44 PM
Japan Minister Not Drunk, But Hangover Grows
The Japanese finance minister has denied being drunk during a news conference and insisted he had the backing of his leader even as Japan's economy shrank at its fastest rate in 35 years.SkyNews via Yahoo! UK & Ireland News - Feb 16 4:02 AM
Japan Finance Minister Nakagawa Denies Being Drunk at Rome G-7
Feb. 16 (Bloomberg) -- Japan’s Finance Minister Shoichi Nakagawa denied he was drunk during a G-7 press conference in Rome on Feb. 14, where he had difficulty understanding questions and slurred his words.Bloomberg - Feb 15 7:29 PM
Japan finance minister denies drunk at G7
Japan's finance minister denied on Monday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Reuters via Yahoo! UK & Ireland News - Feb 16 6:00 AM
Japan's finance minister denies being drunk at G7
Japan's finance minister has denied that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Stuff - Feb 16 10:29 AM
Japan finance minister denies being drunk at G7
TOKYO: Japan’s finance minister denied yesterday that he had been drunk at a G7 news conference but the opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of an election this year.Gulf Times - Feb 16 1:38 PM
At least Brown hasn't hit the bottle yet: Japan's minister for finance denies he was drunk on TV as his economy ...
At least Brown hasn't hit the bottle yet: Japan's minister for finance denies he was drunk on TV as his economy shrinks 3.3% in A QUARTERDaily Mail - Feb 16 1:17 AM
Japan Finance Minister Nakagawa to step down
Finance Minister Shoichi Nakagawa, facing sharp criticism after what appeared to be a drunken state during a televised news conference, said Tuesday he will step down once some budget legislation is passed. Market Watch - 41 minutes ago
Japan's finance minister denies being drunk at G7
Japan's finance minister Shoichi Nakagawa has denied being drunk at a G7 meeting on the financial crisis and blamed cold medicine for appearing drowsy and slurring his speech at a press conference.Australian Broadcasting Corporation - Feb 16 12:22 AM
Japan finance minister Nakagawa says to resign
Japanese Finance Minister Shoichi Nakagawa said on Tuesday he would resign, following criticism of his behavior at a weekend G7 news conference in Rome.Reuters via Yahoo! News - Feb 16 7:50 PM
Japan minister denies being drunk at G7
Japan's Finance Minister Shoichi Nakagawa has denied being drunk at a G7 meeting on the financial crisis and has blamed cold medicine for slurring his speech.AAP via Yahoo!7 News - Feb 15 8:47 PM
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