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GERMANY
News:
20080805
John
McCain - Rick
Davis - Foreign
- Corporate
- Politics
- Airport
- Transport
- Jobs
- 2008
Election - Obama
- Ohio
- Ky
- Arizona
- US
- German
"McCain
had role in original Wilmington DHL deal." ... "When
[2008 Election] Republican presidential candidate John McCain meets Thursday
with citizens and officials in Wilmington, Ohio, he won't need a playbook
to understand why they're worried about deep job losses at the local freight
airport." ... "Little known to those citizens, McCain and his campaign
manager, Rick Davis, played roles in the fate of DHL Express and its Ohio
air park as far back as 2003. Back then, however, their actions that helped
DHL and its German owner, Deutsche Post World Net, acquire the Wilmington
operations resulted in expansion, not retraction." ... "In a private meeting
Thursday, Wilmington residents will ask McCain for help in stopping DHL's
proposal to quit using the airport as a hub, which could cost more than
8,000 jobs. DHL says that it wants to stay in the freight business but
that it can stem financial losses if it can put its packages aboard the
planes of a rival - United Parcel Service - before delivering them in DHL
trucks. UPS flies out of Louisville, Ky. [Kentucky], so the proposed change
would render the Wilmington airport unnecessary." ... "None of that was
anticipated in 2003, when McCain and Davis, who was a Washington lobbyist
before managing the presidential campaign, first got involved. Several
Wilmington civic leaders said that what happened in 2003 created an economic
gain for their community, lasting several years." ... "But because that
gain, and now the prospective loss, came from the decisions of a foreign-owned
corporation, look for some Democrats and labor to seek to tie Wilmington's
current troubles to McCain." ... ""Those jobs are on the chopping block
because [Arizona Senator] Sen. McCain and his campaign were involved in
a deal that resulted in control of those positions being shifted to a foreign
corporation, and there's no getting around that," said Joe Rugola, president
of the Ohio AFL-CIO." ... "Isaac Baker, a spokesman for [2008 Election]
Democratic presidential candidate Barack Obama, said, "This episode represents
everything that's wrong with Washington, D.C." " -By
Stephen Koff -PlainDealer
20080630
John
McCain - Barack
Obama - US
- Military
- 2008
Election - World
- Iraq
- Afghanistan
- Israel
- Jordan
- Germany
- France
- Britain
- Ireland
"Former
Nato commander questions value of McCain's military experience."
... "A top supporter of [2008 Election Democratic Presidential Candidate]
Barack Obama has questioned the value of Republican [2008 Election Presidential
Candidate] John McCain's military experience, suggesting it did not qualify
him to be president." ... "Former Nato [NATO: North Atlantic Treaty Organization]
commander Wesley Clark described Mr McCain as "untested and untried", lacking
the executive experience needed to lead the country." ... ""He [McCain]
has been a voice on the Senate armed services committee. And he has travelled
all over the world. But he hasn't held executive responsibility. That large
squadron in the navy that he commanded - that wasn't a wartime squadron,"
Mr Clark said. "I don't think getting in a fighter plane and getting shot
down is a qualification to become president."" ... "Mr Obama hopes to beef
up his foreign-policy credentials with a visit to Iraq and Afghanistan
later this year. His campaign announced at the weekend that the Democratic
candidate would go to the Middle East and Europe next month. Mr Obama will
visit Israel, Jordan, Germany, France and Britain, but does not apparently
plan to stop in Ireland, where he has ancestral roots in Co Offaly [Ireland,
Irish county in the Province of Leinster]." ... ""This trip will be an
important opportunity for me to assess the situation in countries that
are critical to American national security and to consult with some of
our closest friends and allies about the common challenges we face," Mr
Obama said." -By Denis Staunton
-IrishTimes.com
20080612
John
McCain - Rick
Davis - Paul
J Manafort Jr - Foreign
- Money
- Politicians
- Russia
- Ukraine
- Military
- Intelligence
- Legislation
- History
- Germany
- US
- New
York - 2008
Election
"Lawmakers
Seek to Close Foreign Lobbyist Loopholes." ... "Loopholes
that lobbyists for foreign clients sometimes use to keep their activities
under wraps would be closed under legislation that two Democratic senators
are expected to offer on Thursday." ... "“The idea you could lobby an American
citizen and that it would not be disclosed is really very troubling,” [New
York Democratic Senator Charles] Mr. Schumer said in a telephone interview."
... "The issue of foreign lobbying has flared up in the current presidential
campaign because of past dealings abroad by several former lobbyists working
for Mr. McCain, the presumptive Republican nominee." ... "For instance,
a lobbying firm owned by Rick Davis, the McCain campaign manager, has worked
in recent years for a Ukraine politician, Viktor Yanukovich. Both Mr. McCain
and the [Republican President] Bush administration supported the opponent
of Mr. Yanukovich, who had close ties to Vladimir V. Putin, then the president
of Russia and now prime minister." ... "During this time, however, Mr.
Davis’s firm, Davis Manafort, never registered as a lobbyist for Mr. Yanukovich
even though Paul Manafort, Mr. Davis’s business partner, had met with the
United States ambassador in Kiev [Ukraine's capital] on Mr. Yanukovich’s
behalf." ... "In a related development, Mr. McCain may have first become
aware of Davis Manafort’s activities in Ukraine as far back as 2005. At
that time, a staff member at the National Security Council called Mr. McCain’s
Senate office to complain that Mr. Davis’s lobbying firm was undercutting
American foreign policy in Ukraine, said a person with direct knowledge
of the phone call who spoke on condition of anonymity." ... "Such a call
might mean that Mr. McCain has been long aware of Mr. Davis’s foreign clients."
... "The current law governing foreign lobbying, the Foreign Agents Registration
Act, requires those representing a foreign government or foreign officials
in the United States to inform the Department of Justice. The act does
not cover meetings abroad with United States officials." ... "The law was
enacted in the late 1930s in an effort to flush out Nazi propagandists
working in the United States. As a result, several experts have said, the
law is outdated and fails to reflect the current global nature of lobbying.
" -By Barry Meier -NYTimes
20080602
John
Hagee - John
McCain - Joseph
Lieberman - Racist
- Homosexual
- Religious
- Military
- Politics
- Arizona
- Connecticut
- New
York
- Indiana
- History
- Germany
- Israel
- Iraq
- US
- 2008
Election - "Pastor
Hagee: The Antichrist Is Gay, "Partially Jewish, As Was Adolph Hitler"
(Paging Joe Lieberman!)." ... "On March 16, 2003,
on the eve of the United States' invasion of Iraq, [Republican Televangelist]
Pastor John Hagee took to the pulpit to warn of the coming Antichrist.
In his sermon, "The
Final Dictator," Hagee described the Antichrist as a seductive figure
with "fierce features." He will be "a blasphemer and a homosexual," the
pastor announced. Then, Hagee boomed, "There's a phrase in Scripture used
solely to identify the Jewish people. It suggests that this man [the Antichrist]
is at least going to be partially Jewish, as was Adolph Hitler, as was
Karl Marx."" ... "This "fierce" gay Jew, according to Hagee, would "slaughter
one-third of the Earth's population" and "make Adolph Hitler look like
a choirboy."" ... "Exposed here for the first time, Hagee's comments identifying
the Antichrist as a partly Jewish homosexual arrive in the wake of a furor
the pastor provoked by describing the Holocaust as an act of God. Hagee's
chilling sermon
about the Holocaust prompted [2008 Election Republican Presidential Candidate
and Arizona Senator] Sen. John McCain to reject the preacher's support,
an unexpected turnabout after McCain spent over a year soliciting his endorsement."
... "Days after McCain's rejection, I reported
that a key McCain ally, [Connecticut Independent Senator] Sen. Joseph Lieberman,
planned to deliver the keynote speech at Hagee's upcoming Christians United
For Israel (CUFI) summit. As the story exploded
into the mainstream press, pressure mounted on Lieberman to withdraw."
... "[New York Democratic Representative Eliot] Engel is slated to speak
on CUFI's "Middle East Briefing" panel this July. He will be joined on
the panel by Republican [Indiana Representative] Rep. Mike Pence, Weekly
Standard editor and New York Times columnist [and Fox contributor] Bill
Kristol, and Christian right activist Gary Bauer." -By
Max
Blumenthal -HuffingtonPost.com
LISTEN
to McCAIN endorser John HAGEE claim the Antichrist will be a Jewish homosexual.
WATCH
McCAIN endorser John HAGEE relate a story of how Florida Jews "mysteriously"
voted for Republican George W Bush and subsequently explain, "And I believe
it is because that this nation is doing what God intended us to do from
the day that Christopher Columbus discovered this nation.".
20080521
-
John
McCain - John
Hagee - Terrorism
- Racism
- Politician
- Military
- Religion
- History
- Germany
- Israel
- Palestine
- Book
- Arizona
- US
- 2008
Election - "McCain
Backer Hagee Said Hitler Was Fulfilling God's Will (AUDIO)."
... "[Republican televangelist] John Hagee, the controversial evangelical
leader and endorser of [2008 Election Republican Presidential Candidate
and Arizona Senator] Sen. John McCain, argued in a late 1990s sermon that
the Nazis [Germany] had operated on God's behalf to chase the Jews from
Europe and shepherd them to Palestine. According to the Reverend, Adolph
Hitler was a "hunter," sent by God, who was tasked with expediting God's
will of having the Jews re-establish a state of Israel." ... "Going in
and out of biblical verse, Hagee preached: "'And they the hunters should
hunt them,' that will be the Jews. 'From every mountain and from
every hill and from out of the holes of the rocks.' If that doesn't
describe what Hitler did in the holocaust you can't see that."" ... "He
goes on: "Theodore Herzl is the father of Zionism. He was a Jew who at
the turn of the 19th century said, this land is our land, God wants us
to live there. So he went to the Jews of Europe and said 'I want you to
come and join me in the land of Israel.' So few went that Hertzel went
into depression. Those who came founded Israel; those who did not went
through the hell of the holocaust." ... ""Then god sent a hunter. A hunter
is someone with a gun and he forces you. Hitler was a hunter. And the Bible
says -- Jeremiah writing -- 'They shall hunt them from every mountain
and from every hill and from the holes of the rocks,' meaning there's
no place to hide. And that might be offensive to some people but don't
let your heart be offended. I didn't write it, Jeremiah wrote it. It was
the truth and it is the truth. How did it happen? Because God allowed it
to happen. Why did it happen? Because God said my top priority for the
Jewish people is to get them to come back to the land of Israel." (Listen
to the audio below.)" ... "The sermon, which was first
posted by Bruce Wilson on his site, Talk To Action, adds another element
to Hagee's controversial stance on the state and history of Israel." ...
"Since McCain secured the endorsement, both his campaign and Hagee have
been pressed to explain a series of derogatory remarks the Reverend made
about the Catholic Church, including his reference to the institution as
"the Great Whore."" ... "As Wilson notes, in his 2006 book "Jerusalem Countdown",
Hagee proposed the theory that "anti-Semitism, and thus the Holocaust,
was the fault of Jews themselves -- the result of an age old divine curse
incurred by the ancient Hebrews through worshiping idols and passed, down
the ages, to all Jews now alive." He also wrote that "Most readers will
be shocked by the clear record of history linking Adolf Hitler and the
Roman Catholic Church in a conspiracy to exterminate the Jews.""
-By
Sam
Stein -HuffingtonPost.com
(Audio)
"McCain Endorser Hagee: God Sent Hitler, Jews Have Dead Souls"
McCain Hagee:
McCain's endorser Hagee, "They [Jews]
are physically alive but they're not spiritually alive."
20080422
-
Tony
Zirkle - Racist
- Indiana
- Illinois
- US
- German
- Military
- History
- 2008
Election - "Worst
Campaign Idea Ever? Hoosier [Indiana Republican Tony
Zirkle, 2008 Election] congressional candidate speaks at birthday party
for Hitler, in Chicago [Illinois]." ... "U.S. [United States] Congressional
candidate Tony Zirkle is facing criticism from one of his primary opponents,
and a host of people on the Internet, for speaking at an event over the
weekend that celebrated Adolf Hitler's birthday." ... "Zirkle confirmed
to The News-Dispatch on Monday he spoke Sunday in Chicago at a meeting
of the Nationalist Socialist Workers Party, whose symbol is a swastika."
... "When asked if he was a Nazi or sympathized with Nazis or white supremacists,
Zirkle replied he didn't know enough about the group to either favor it
or oppose it." ... "The Crown Point [Indiana] Republican spoke in front
of about 56 "white activists" at an event honoring the birth of Hitler.
The German leader was responsible for the genocide of millions of Jews
and others during World War II." -By Jason Miller
-TheNewsDispatch
20080421
-
Corporate
- Hackers
- Manufacture
- Electronics
- Technology
- California
- Texas
- US
- Global
- TV
- Telecom
- Media
- Copyright
- Enforcement
- German
- Canada
- UK
- Israeli
- Intelligence
- Spying
- "Rupert
Murdoch Firm Goes on Trial for Alleged Tech Sabotage."
... "Did a Rupert Murdoch company go too far and hire hackers to sabotage
rivals and gain the top spot in the global pay-TV war?" ... "This is the
question a jury will be facing in a spectacular five-year-old civil lawsuit
that is finally being tried this month in California but which has, oddly,
received little notice from U.S. [United States] media." ... "The case
involves a colorful cast of characters that includes former intelligence
agents, Canadian TV pirates, Bulgarian and German hackers, stolen e-mails
and the mysterious suicide of a Berlin [Germany's capital] hacker who had
been courted by the Murdoch company not long before his death." ... "On
the hot spot is NDS Group, a UK-Israeli firm that makes smartcards for
pay-TV systems like DirecTV. The company is a majority-owned subsidiary
of Murdoch's News Corporation. The charges stem from 1997 when NDS is accused
of cracking the encryption of rival NagraStar, which makes access cards
and systems for EchoStar's Dish Network and other pay-TV services. Further,
it’s alleged NDS then hired hackers to manufacture and distribute counterfeit
NagraStar cards to pirates to steal Dish Network's programming for free."
... "NagraStar and one of its parent companies, EchoStar, are seeking about
$101 million for damages for piracy, copyright infringement, misconduct
and unfair competition. The list of witnesses in the case includes EchoStar's
founder and CEO Charlie Ergen; several hackers and pirates; and Reuven
Hazak, an Israeli who heads security for NDS and is a former deputy head
of Shabak, or Shin Bet, Israel's domestic security agency (the equivalent
of Britain's MI5)." ... "According to court documents, the scheme began
to unravel in 2000 when law-enforcement agents in Texas seized suspicious
packages containing CD and DVD players stuffed with more than $40,000 in
cash. Parcels similar to this were being sent almost daily from Canada,
via Texas, to a hacker in California named Christopher Tarnovsky, who was
working for NDS as an engineer. The money was allegedly part of the conspiracy
between Tarnovsky and NDS Group to sabotage NagraStar's cards." -By
Kim Zetter -Wired
20080228
-
Barack
Obama
- Tim
Russert
- John
McCain
- John
Hagee - Religious
- Homosexual
- Woman
- Racist
- Book
- History
- Media
- Politics
-
- 2008
Election - Illinois
- Arizona
- Arkansas
- Texas
- US
- Israel
- Germany
- "Will
MSNBC devote as much coverage to McCain's embrace of Hagee's support as
it did to Obama's rejection of Farrakhan?" ... "Summary:
On February 27, MSNBC devoted significant coverage to an exchange from
the most recent Democratic presidential debate in which NBC Washington
bureau chief Tim Russert repeatedly questioned [2008 Election Democratic
Presidential Candidate and Illinois Senator] Sen. Barack Obama about praise
he received from controversial minister Louis Farrakhan, whose statements
Obama has denounced. The same day, Pastor John Hagee -- who has made controversial
comments about homosexuality, Islam, Catholicism, and women -- endorsed
[2008 Election Republican Presidential Candidate and Arizona Senator] Sen.
John McCain, who embraced Hagee's support. Hagee's endorsement and McCain's
response to it raise the question of whether MSNBC will report on them
as extensively as it did on Farrakhan's praise." ... "A March 7, 1996,
article (accessed via the Nexis database) in the San Antonio Express-News
reported that Hagee was going to "meet with black religious leaders privately
at an unspecified future date to discuss comments he made in his newsletter
about a 'slave sale,' an East Side minister said Wednesday." The Express-News
reported:"
"Hagee,
pastor of the 16,000-member Cornerstone Church [in Texas], last week had
announced a "slave sale" to raise funds for high school seniors in his
church bulletin, "The Cluster."" ... "The item was introduced with the
sentence "Slavery in America is returning to Cornerstone" and ended with
"Make plans to come and go home with a slave.""
"A
July 27, 2006, Wall Street Journal article
about Hagee noted the incident:"
"To
help students seeking odd jobs, his church newsletter, The Cluster, advertised
a "slave" sale. "Slavery in America is returning to Cornerstone," it said.
"Make plans to come and go home with a slave." Mr. Hagee apologized but,
in a radio interview, protested about pressure to be "politically correct"
and joked that perhaps his pet dog should be called a "canine American.""
"A
December 23, 2007, Reuters news article
on former Arkansas [Republican Governor and 2008 Election Republican Presidential
Candidate] Gov. Mike Huckabee's (R) visit to Hagee's church reported that
"some Catholics were angry about the visit." The article noted:"
"In
his recent book "Jerusalem Countdown," Hagee wrote: "Most readers will
be shocked by the clear record of history linking Adolf Hitler and the
Roman Catholic Church in a conspiracy to exterminate the Jews.""
...
"Investigative journalist Sara] Posner also noted that in another Hagee
text, "Bible Positions on Political Issues," (John Hagee Ministries,
1992) Hagee wrote, "[T]he feminist movement today is throwing off authority
in rebellion against God's pattern for the family."" -MediaMatters.org
20080131
-
US
- Germany
- Afghanistan
- Military
- "Paper:
U.S. urged Germany to expand Afghanistan force."
... "U.S. [United States] Secretary of Defense Robert Gates has written
to his German counterpart urging Berlin to send an additional 3,200 troops
to Afghanistan, warning that the [North Atlantic Treaty Organization] NATO-led
force there could lose credibility without reinforcement, a Defense Ministry
spokesman confirmed Thursday." ... "According to the German Sueddeutsche
Zeitung daily, the one-and-a-half-page-long, undated letter to Defense
Minister Franz Josef Jung arrived last week. In it, Gates specifically
asks Germany to drop caveats limiting its troops to the north of Afghanistan
and to send helicopter units, infantry and paratroopers that could join
the fight against Taliban militants in the south, the paper reported without
citing the letter." -AP
via -USATODAY
20080121
-
Worldwide
- US
- Britain
- France
- Germany
- Canada
- Brazil
- Argentina
- "Stock
Markets Plunge Worldwide." ... "Stocks fell sharply
worldwide Monday following declines on Wall Street last week amid investor
pessimism over the U.S. [United States] government's stimulus plan to prevent
a recession." ... "U.S. markets were closed for Martin Luther King Jr.
Day, but the downbeat mood from last week's market declines there circled
through Europe, Asia and the Americas. Britain's benchmark FTSE-100 slumped
5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15,
and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19." ... "In
Canada, the S&P/TSX composite index on the Toronto Stock Exchange fell
4.8 percent. Brazilian stocks plunged 6.6 percent on the main index of
Sao Paulo's Bovespa exchange, and Argentina's benchmark Merval index fell
6.3 percent to close under 1,900 for the first time since August 2006."
-By Toby Anderson with contributions by Cassie Biggs,
Ramola Talwar Badam, Elaine Kurtenbach, and Carl Freire -AP
via -Yahoo
20070912
-
US
- Intelligence
- Politics
- Terrorism
- Germany
- Overseas
- Telephone
- E-Mail
- Secret
- Electronic
- Surveillance
- Law
- Connecticut
- "Spy
Master Admits Error: Intel czar Mike McConnell told
Congress a new law helped bring down a terror plot. The facts say otherwise."
... "In a new embarrassment for the [Republican President] Bush administration's
top spymaster, Director of National Intelligence Mike McConnell is withdrawing
an assertion he made to Congress this week that a recently passed electronic-surveillance
law helped U.S. authorities foil a major terror plot in Germany." ... "The
temporary measure, signed into law by President Bush on Aug. 5, gave the
U.S. intelligence community broad new powers to eavesdrop on telephone
and e-mail communications overseas without seeking warrants from the surveillance
court. The law expires in six months and is expected to be the subject
of intense debate in the months ahead. On Monday, McConnell—questioned
by [Connecticut Independent Democratic Senator] Sen. Joe Lieberman—claimed
the law, intended to remedy what the White House said was an intelligence
gap, had helped to “facilitate” the arrest of three suspects believed to
be planning massive car bombings against American targets in Germany. Other
U.S. intelligence-community officials questioned the accuracy of McConnell's
testimony and urged his office to correct it. Four intelligence-community
officials, who asked for anonymity discussing sensitive material, said
the new law, dubbed the "Protect America Act,” played little if any role
in the unraveling of the German plot." ... "Late Wednesday afternoon, McConnell
issued a statement acknowledging that "information contributing to the
recent arrests [in Germany] was not collected under authorities provided
by the 'Protect America Act'."" ... "The developments were cited by Democratic
critics on Capitol Hill as the latest example of the Bush administration's
exaggerated claims—and contradictory statements—about ultrasecret surveillance
activities." (1, 2,
3)
-By Michael Isikoff and Mark Hosenball
-MSNBC /Newsweek
20070828
-
Germany
- China
- Human
Rights - Journalists
- Religious
- Sports
- Global
- "Germany's
Merkel prods China on rights." ... "German Chancellor
Angela Merkel on Tuesday pressed China to improve human rights and take
on greater international responsibilities as its global influence grows."
... "China has been criticised by many in the West for its treatment of
journalists, minority and religious groups, a subject that has gained weight
in the run-up to the Beijing Olympic Games next year."
-Reuters via -Guardian.co.uk
20070827
-
Germany
- China
- Military
- Computer
- Hacking
- Science
- Economy
- Politics
- "Computer-hacking
charges mar German leader's visit to China." ...
"Chinese Premier Wen Jiabao told German Chancellor Angela Merkel on Monday
that he viewed with "grave concern" a news report that hackers linked to
the Chinese army had broken into the computer system in Merkel's office."
... "Over the weekend, Germany's Der Spiegel magazine reported that Chinese
hackers — reportedly connected with the People's Liberation Army — had
penetrated computer networks in Merkel's office and several ministries."
... ""When the Chinese government ascertained there were reports saying
hackers were breaking into German government networks, we took it as a
matter of grave concern," Wen said after a meeting with Merkel. "Hackers
breaking into and sabotaging computers are a problem faced by the entire
world."" ... "Der Spiegel said in its Monday edition that Germany's domestic
intelligence agency had discovered the hacking attempts against Merkel's
office and the foreign, economy and research ministries in May." -By
Tim
Johnson -McClatchyDC.com
20070813
-
US
- Global
- Germany
- Dutch
- Genetics
- Environmental
- Science
- Children
- Safety
- Politics
- Free-Market
- History
- "America
Loses Its Stature as Tallest Country." ... "Pundits
often opine that America's stature is declining on the global stage. It
turns out that Americans --literally -- are not standing as tall, compared
with the rest of the world, as they used to." ... "U.S. adults lost their
position as the tallest people on Earth to the Dutch [Netherlands], who
average about two inches taller than the typical American. In fact, American
men now rank ninth and women 15th in average height, having fallen short
of many other European nations." ... ""Americans, who have been the tallest
in the world for a very long time, are no longer the tallest," said John
Komlos of the University of Munich [Germany], who has published a series
of papers documenting the trend. "Americans have not kept up with western
European populations."" ... "The idea that many Europeans are looking down
on Americans has led to a flurry of interest in trying to explain the trend,
with debate focusing on whether to blame the lack of universal health care
and other holes in the nation's social safety net, particularly for children."
... ""We conjecture that perhaps the western and northern European welfare
states, with their universal socioeconomic safety nets, are able to provide
a higher biological standard of living to their children and youth than
the more free-market-oriented U.S. economy," Komlos wrote in one of his
latest papers, published in June in the journal Social Science Quarterly."
... "While some researchers agree, others are more cautious, arguing that
height is determined by a complicated amalgam of genetic, environmental,
social and biological influences." -By Rob Stein
-WashingtonPost
20070810
-
Worldwide
- United
States - EU- France
- Netherlands
- Japan
- Germany
- Home
- "Mortgage
Losses Echo in Europe and on Wall Street." ... "Turmoil
in the home loan market ricocheted from the United States to Europe and
back again yesterday as stocks on Wall Street suffered their biggest one-day
decline since February, reflecting growing concerns about tightening credit
worldwide." ... "Big losses on packages of American home loan securities
sold to investors turned up unexpectedly in French and Dutch [Netherlands]
banks yesterday, adding to worries at hedge funds and financial institutions
around the globe. With trillions of dollars of securities outstanding,
those announcements raised expectations that more problems may soon emerge
in other unlikely places as well." ... "The spreading fears forced the
European Central Bank and, later, the Federal Reserve to inject billions
of dollars into the financial system to help prevent borrowing and lending
in credit markets from freezing up." ... "Japan’s central bank followed
suit, injecting more than $8 billion into money markets as stocks there
plummeted Friday morning." ... "Citing “tensions in the euro money market,”
the European Central Bank in Frankfurt [Germany] lent more than $130 billion
overnight at a rate of 4 percent to tamp down a surge in the rates banks
charge each other for very short-term loans. The Federal Reserve injected
$24 billion into the United States banking system to keep its benchmark
overnight lending rate at 5.25 percent, after it opened this morning at
5.5 percent." (1, 2)
-By Vikas Bajaj and Mark Landler with contributions
by Julia Werdigier, James Kanter, and Julie Creswell
-NYTimes
20070803
-
US
- Saudi
Arabia - Military
- Terrorism
- Oil
- Politics
- Japan
- Italy
- Germany
- Georgia
- History
- "Gingrich
says war on terror 'phony': Former speaker says energy
independence is key." ... "Former House Speaker [Republican] Newt Gingrich
said Thursday the [Republican President] Bush administration is waging
a "phony war" on terrorism, warning that the country is losing ground against
the kind of Islamic radicals who attacked the country on Sept. 11, 2001."
... "A more effective approach, said Gingrich, would begin with a national
energy strategy aimed at weaning the country from its reliance on imported
oil and some of the regimes that petro-dollars support." ... ""None of
you should believe we are winning this war. There is no evidence that we
are winning this war," the ex-Georgian told a group of about 300 students
attending a conference for collegiate conservatives." ... "He was unstinting
in his criticism of his fellow Republicans, in the White House and on Capitol
Hill." ... ""We were in charge for six years," he said, referring to the
period between 2001 and early 2007, when the GOP controlled the White House
and both houses of Congress. "I don't think you can look and say that was
a great success."" ... "He reserved his most pointed criticism for the
administration's handling of the global campaign against terrorist groups."
... ""We've been engaged in a phony war," said Gingrich. "The only people
who have been taking this seriously are the combat military."" ... ""We
used to be a serious country. When we got attacked at Pearl Harbor, we
took on Imperial Japan, Fascist Italy and Nazi Germany," he said, referring
to World War II." ... ""We beat all three in less than four years. We're
about to enter the seventh year of this phony war against ... [terrorist
groups], and we're losing."" ... ""First of all, we have to have a national
energy strategy, which basically says to the Saudis, 'We're not going to
rely on you,' " he said." ... "The United States imports about 14 million
barrels of oil a day, making up two-thirds of its total consumption." -By
Bob Deans -AJC
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