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_AUGUST 2008 NEWS_
YEAR 2008 CALENDAR Printable 2008 Calendar August 2008 News History July 2008 News June 2008 News May 2008 News April 2008 News March 2008 News February 2008 News January 2008 News |
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-
Sarah
Palin -
John
McCain -
Ted
Stevens - Money
-
Politics
-
Government
-
Alaska
-
Transportation
-
Construction
- History
-
Ohio
-
2008
Election
"Palin
backed 'bridge to nowhere' in 2006." ... "In her
nationally televised speech accepting the job as [2008 Election Republican
Presidential Candidate] John McCain's running mate, Alaska [Republican
Governor] Gov. Sarah Palin said she "championed reform to end the abuses
of earmark spending by Congress" and opposed federal funding for a controversial
bridge to a sparsely populated island." ... "[However] While running for
governor in 2006, though, Palin backed federal funding for the infamous
bridge, which McCain helped make a symbol of pork barrel excess." ... "And
as mayor of the small town of Wasilla [Alaska] from 1996 to 2002, Palin
also hired a Washington lobbying firm that helped secure $8 million in
congressionally directed spending projects, known as earmarks, according
to public spending records compiled by the watchdog group Citizens Against
Government Waste and lobbying documents." ... "Wasilla's lobbying firm
was headed by Steven Silver — a former chief of staff to Alaska [Republican
Senator] Sen. Ted Stevens, a key proponent of the bridge project." ...
""We need to come to the defense of Southeast Alaska when proposals are
on the table like the bridge, and not allow the spinmeisters to turn this
project or any other into something that's so negative," Palin said in
August 2006, according to the Ketchikan Daily News."" -By
Ken Dilanian -USATODAY
-
Sarah
Palin -
John
McCain -
Federal
- Money
-
Alaska
-
Transportation
-
Construction
-
2008
Election
"Palin
touts stance on 'Bridge to Nowhere,' doesn't note flip-flop."
... "When [2008 Election Republican Presidential Candidate] John McCain
introduced [Alaska Republican Governor] Gov. Sarah Palin as his running
mate Friday, her reputation as a tough-minded budget-cutter was front and
center." ... ""I told Congress, thanks but no thanks on that bridge to
nowhere," Palin told the cheering McCain crowd, referring to [Alaska's]
Ketchikan's Gravina Island bridge." ... "But Palin was for the Bridge to
Nowhere before she was against it." ... "The Alaska governor campaigned
in 2006 on a build-the-bridge platform, telling Ketchikan residents she
felt their pain when politicians called them "nowhere." They're still feeling
pain today in Ketchikan [Alaska], over Palin's subsequent decision to use
the bridge funds for other projects -- and over the timing of her announcement,
which they say came in a pre-dawn press release that seemed aimed at national
[Eastern] news deadlines." ... ""I think that's when the campaign for national
office began," said Ketchikan Mayor Bob Weinstein on Saturday." ... "Alaska's
congressional delegation endured withering criticism for earmarking $223
million for Ketchikan and a similar amount for a crossing of Knik Arm at
Anchorage [Alaska]." ... "Congress eventually removed the earmark language
but the money still went to Alaska, leaving it up to the administration
of then-[Alaska Republican Governor ]Gov. Frank Murkowski to decide whether
to go ahead with the bridges or spend the money on something else." ...
"In September, 2006, Palin showed up in Ketchikan on her gubernatorial
campaign and said the bridge was essential for the town's prosperity."
-By Tom Kizzia -ADN.com
-
McCain
-
Palin
-
Alaska
-
Newspaper
- History
-
2008
Election
"McCain
Camp Didn't Search Palin's Hometown Paper Archives."
... "The [2008 Election Republican Presidential Candidate John] McCain
campaign has gone to great lengths to present the selection of [Alaska
Republican] Sarah Palin as one made after a careful, meticulous vetting
process. But evidence continues to suggest that the Arizona Republican
made his VP choice with surprising haste." ... "On Saturday, a Democrat
tasked with opposition research contacted the Huffington Post with this
piece of information: as of this weekend, the McCain campaign had not gone
through old newspaper articles from the Valley Frontiersman, Palin's hometown
newspaper." ... "How does he know? The paper's (massive) archives are not
online. And when he went to research past content, he was told he was the
first to inquire." ... ""No one else had requested access before," said
the source. "It's unbelievable. We were the only people to do that, which
means the McCain camp didn't."" -By
Sam
Stein -HuffingtonPost.com
-
Sarah
Palin -
John
McCain - Political
-
Investigation
- Attorney
-
Government
-
Transportation
-
Construction
- Money
-
Alaska
- Oil
-
Global
-
Climate
-
2008
Election
"What
McCain Didn't Know About Sarah Palin." ... "They've
[the 2008 Election Republican Presidential campaign of John McCain] bragged
that [Alaska Republican Governor Sarah] Palin opposed the famous "Bridge
to Nowhere," only to learn that Palin
supported the project and even told residents of Ketchikan [Alaska]
that they weren't "nowhere" to her. After the national outcry, she decided
to spend the funds allocated to the bridge for something else. Actually,
maybe it's more fair to say that coincident with the national outcry, she
changed her mind. The story shows her political judgment, but it is not
a reformer's credential." ... "Likewise, though she cut taxes as mayor
of Wassila [Alaska], she raised the sales tax, making her hardly a tax
cutter." ... "She denied pressuring the state's chief of public safety
to fire her sister-in-law's husband even though there's mounting evidence
that the impetus did indeed come from her. Ostensibly to clear her name,
Palin asked
her attorney general to open an independent investigation—the legislature
had already been investigating. (I am told that the campaign was aware
of the ethics complaint filed against her but accepts Palin's account.)"
... "McCain's campaign seemed unaware that she supported a windfalls profits
tax on oil companies and that she is more skeptical about human contributions
to global warming than McCain is." ... "They did not know that she took
trips as the mayor of Wasilla to beg for earmarks." ... "They did not know
that she told a television interviewer this summer that she did not fully
understand what it is that a vice president does." -By
Marc Ambinder
-TheAtlantic.com
-
John
McCain -
Joe
Biden -
Barack
Obama -
Hillary
Clinton -
Hurricane
Katrina -
Weather
-
Emergency
-
Investigation
- Legislation
-
Politics
-
History
-
Federal
-
NY
-
New
Orleans -
Louisiana
-
Communications
- Funds
-
Children
-
Transportation
-
2008
Election
"McCain
To Katrina Victims In 2005: You're On Your Own."
... "It doesn’t really come as a surprise to those of us who have watched
[2008 Election Republican Presidential Candidate] John McCain over the
years that he's about to make a campaign
stop in New Orleans [Louisiana] after Hurricane Gustav hits this week.
After all, he's been exploiting the troops for years, what's a few hurricane
victims after that?" ... "What does seem odd is that McCain thinks Gulf
Coast residents will forget how he, [Republican President] George W. Bush
and the then-Republican Congress turned their backs on them so many times
in the months after Katrina thundered ashore in 2005." ... "Too bad he
spent the months to follow leading the Republican charge against every
Senate bill that would have actually helped Katrina victims or mandated
investigations on how the Bush administration could have blown disaster
response so thoroughly." ... "[2008 Election] Democratic Vice Presidential
nominee Joe Biden jumped immediately to the aid of hurricane victims in
the week after the 2005 disaster, authoring S.Amdt.
1661 "…to provide emergency funding for victims of Hurricane Katrina.""
... "Biden's legislation would have provided many things including money
to purchase interoperable communications equipment to help first-responders
dealing with the disaster, $10 million "to find, unite, and transport children
impacted by Hurricane Katrina to their parents, legal guardian, or next
of kin" and funding to assist victims of domestic violence in affected
areas." ... "But with John McCain's help, the Republican-led Senate shot
down the funding on a 41-56
vote with McCain voting against, while Biden and Democratic Presidential
nominee Barack Obama voted for the funding." ... "When [New York Democratic]
Senator Hillary Clinton (D-NY[ Democratic-New York]) proposed the creation
of a Congressional Commission to "examine the Federal, State, and local
response to the devastation wrought by Hurricane Katrina.. and make immediate
corrective measures to improve such responses in the future," John McCain
was once again exactly where [Republican President] George W. Bush wanted
him to be: On the "nay" side of a straight party-line vote (44-54)
that killed that legislation." ... "And lest you think it was McCain taking
a stand against what might become a Democratic witch hunt on the failures
of his bosses in the White House, the bill called for a wholly bipartisan
panel, stating
specifically of the 10-member group that "not more than 5 members of
the Commission shall be from the same political party."" ... "Unlike McCain,
Barack Obama was one of the cosponsors of that bill and both he and Biden
voted for immediate oversight on the bungled Katrina response." ... "But
that's not all." -By Bob
Geiger
_2008
News News Reference August
2008 News
August 30, 2008 News URL: #August-30-2008-News
20080830
Saturday
-
Sarah
Palin -
John
McCain - Political
-
Investigation
-
Safety
-
Alaska
-
2008
Election
"'Troopergate'
inquiry hangs over campaign: Inquiry: Ex-commissioner
brings up undisclosed e-mails that he says mentioned trooper." ... "Alaska's
former commissioner of public safety says [Alaska Republican Governor]
Gov. Sarah Palin, [2008 Election Republican Presidential Candidate] John
McCain's pick to be vice president, personally talked with him on two occasions
about a state trooper who was locked in a bitter custody battle with the
governor's sister." ... "In a phone conversation Friday night, Walt Monegan,
who was Alaska's top cop until Palin fired him July 11, told the Daily
News that the governor also had e-mailed him two or three times about her
ex-brother-in-law, Trooper Mike Wooten, though the e-mails didn't mention
Wooten by name." ... "Monegan claims his refusal to fire Wooten was a major
reason that Palin dismissed him. Wooten had been suspended for five days
previously, based largely on complaints that Palin's family had initiated
before Palin was governor." ... "The events surrounding Monegan's dismissal
currently are under investigation by the state's legislature. Palin has
acknowledged that a member of her staff phoned a trooper lieutenant in
an effort that could have been perceived as pressure to have Wooten dismissed
and that her husband and other officials also had contacted Monegan about
Wooten." ... "She has insisted, however, that she did not authorize the
phone call and was not aware of it. She has said she doesn't believe any
of the contacts amounted to pressuring Monegan." ... "Monegan, however,
said that Palin raised the subject of Wooten with him herself on two occasions
after becoming governor -- once on the phone soon after she took office
and once in person not long after that." ... "Monegan also said that the
governor's husband, Todd, talked to him several times about Wooten and
that three top officials in her administration contacted him." ... "Monegan
also disclosed for the first time that Palin sent him two or three e-mails
that referenced her ex-brother-in-law and his status with troopers. Monegan
declined to provide the e-mails because of the ongoing investigation."
... "Monegan said he believes his firing was directly related to the fact
Wooten stayed on the job. "It was a significant factor if not the factor,"
Monegan said." ... "Palin's replacement for Monegan, Chuck Kopp, was forced
to resign just two weeks after he was appointed because of a sexual harassment
complaint that had been filed against him when he was the chief of police
in Kenai [Alaska]." -By Lisa Demer
-ADN.com
-
Sarah
Palin -
Alaska
-
Newspapers
- US
-
Iraq
-
Military
- Politics
-
McCain
-
2008
Election
"2
Top Alaska Newspapers Question Palin's Fitness."
... "For the past 24 hours, the pages and web sites of the two leading
papers up there have raised all sorts of issues surrounding [2008 Election
Republican Vice Presidential Candidate Sarah] Palin, from her ethics problems
to general lack of readiness for this big step up." ... "A reporter for
the Anchorage daily, Gregg Erickson, even did an online chat with the Washington
Post, in which he revealed that Palin's approval rating in the state
was not the much-touted 80%, but 65% and sinking -- and that among journalists
who followed her it might be in the "teens." He added: "I have a hard time
seeing how her qualifications stack up against the duties and responsibilities
of being president.... I expect her to stick with simple truths. When asked
about continued American troop presence in Iraq, she said she knows only
one thing about that (I paraphrase): no one has attacked the American homeland
since [Republican President] George Bush took the war to Iraq."" ... "Dermot
Cole, a columnist for the Fairbanks paper, observed that he thinks highly
of Palin as a person but "in no way does her year-and-a-half as governor
of Alaska qualify her to be vice president or president of the United States."
... ""One of the strange things Friday was that so many commentators and
politicians did not know how to pronounce her name and had no clue about
what she has actually done in Alaska....I may be proven wrong, but the
decision announced by McCain strikes me as reckless. She is not prepared
to be the next president should something happen to McCain."" -By
Greg Mitchell
-HuffingtonPost.com
_2008
News News Reference August
2008 News
August 29, 2008 News URL: #August-29-2008-News
20080829
Friday
-
Sarah
Palin -
Ted
Stevens - Political
-
Ad
-
2006
Election -
2008
Election -
Alaska
"Palin
Ad Starring Ted Stevens Already Scrubbed From Palin's Campaign Website."
... "This morning, an ad from [2008 Election Republican Vice Presidential
Candidate] Sarah Palin's 2006 [Election for Alaska's Governor] gubernatorial
campaign featuring an endorsement from scandal-plagued Alaska [Republican]
Senator Ted Stevens was available on Palin's campaign Web site." ... "...but
now the Stevens ad has already been scrubbed." ... "Luckily, the ad featuring
Stevens and Palin is still available for your viewing pleasure!" -By
Greg Sargent -TPMElectionCentral
.TalkingPointsMemo
WATCH:
"Stevens Endorses Palin for Governor."
-
Sarah
Palin -
John
McCain - Law
-
Politics
-
Safety
-
Alaska
-
2008
Election
"Exclusive:
Chief Fired by Palin Speaks Out." ... "The July firing
of Alaska Public Safety Commissioner Walter Monegan by [Alaska Republican
Governor] Gov. Sarah Palin, who was announced as [2008 Election
Republican Presidential Candidate] John McCain's running mate on
Friday, has unearthed a stream of soap-opera-like details about Palin,
her husband, her family and top state appointees. The controversy has also
cut against Palin's reputation for holding an ethical line and standing
up to colleagues in the Republican Party over matters of principle." ...
"Monegan, 57, a respected former chief of the Anchorage [Alaska] Police
Department, said in an interview with The Washington Post's James V.
Grimaldi on Friday that the governor repeatedly brought up the topic
of her ex-brother-in-law, Michael Wooten, after Monegan became the
state's commissioner of public safety in December 2006. Palin's husband,
Todd,
met with Monegan and presented a dossier of information about Wooten, who
was going through a bitter custody battle with Palin's sister,
Molly.
Monegan also said Sarah Palin sent him e-mails on the subject, but Monegan
declined to disclose them, saying he planned to give them to a legislative
investigator looking into the matter." ... "Palin initially denied that
she or anyone in her administration had ever pressured Monegan to fire
the trooper, but this summer acknowledged more than a half a dozen contacts
over the matter, including one phone call from a Palin administration official
to a state police lieutenant." -WashingtonPost
-
John
McCain -
Sarah
Palin - Law
-
Politics
-
Safety
-
Alaska
-
Arizona
-
2008
Election
"McCain's
VP Pick Palin Facing Ethics Investigation." ... "...
[T]he 44-year-old [Alaska Republican Governor Sarah] Palin, who was selected
as [2008 Election Republican Presidential Candidate and Arizona Senator]
Sen. John McCain's running mate today, is now the focus of her own
state ethics investigation as part of the so-called "Troopergate" scandal,
a bizarre controversy involving the firing of a state police chief and
his reluctance to fire an Alaska state trooper, Palin's former brother-in-law
who has been involved in a bitter custody fight with her younger sister."
... "Just two weeks ago, Palin revealed
an audio recording of an aide pressuring the state's Public Safety
Department to fire trooper Mike Wooten, the Anchorage Daily News
reported." ... "Palin also acknowledged that her staff had contacted Public
Safety Commissioner Walt Monegan about two dozen times about Wooten.
Monegan himself was fired July 11 (the dismissal was "out
of the blue," he told reporters) and he later said that he was
pressured by Palin's staff and family to get rid of Wooten, a trooper
based in Palmer, Alaska." ... "(To counter the "Troopergate" tag, the alternative-weekly
Anchorage Press has dubbed the firing scandal "Wootengate")"
... "In July, Palin came under a state ethics investigation and critics
have said Palin's claim that she did not know of the political pressure
being placed on Monegan was a "little
too convenient."" -By Derek Kravitz
-WashingtonPost
-
Sarah
Palin -
John
McCain -
Hillary
Clinton -
Women
- Politics
-
Alaska
-
Los
Angeles -
California
-
Arizona
-
New
York -
2008
Election
"Palin:
Hillary Clinton's "Whining" Turned Me Off." ... "When
Alaska [Republican Governor] Gov. Sarah Palin arrived backstage for our
NEWSWEEK Women & Leadership Event in Los Angeles [California] last
March, [2008 Election Republican Presidential Candidate] John McCain had
just wrapped up the GOP [GOP=Grand Old Party=Republican] nomination. Palin
had yet to endorse McCain--she liked [former 2008 Election Republican Presidential
Candidate] Mitt Romney--and as we waited in the green room, I urged her
to "feel free" to make some news on stage. She grinned broadly--looking
back, I guess it was a grin of the Cheshire Cat variety--and thanked me
for the offer." ... "Once onstage, together with Arizona [Democratic Governor]
Gov. Janet Napolitano, Palin talked about what women expect from women
leaders; how she took charge in Alaska during a political scandal that
threatened to unseat the state's entire Republican power structure, and
her feelings about [former 2008 Election Democratic Presidential Candidate
and New York Senator] Sen. Hillary Clinton. (She said she felt kind of
bad she couldn't support a woman, but she didn't like Clinton's "whining.")"
-By Karen Breslau -Newsweek
/article via -HuffingtonPost.com
-
Sarah
Palin -
John
McCain -
Alaska
-
Ariz
-
2008
Election
"Palin
dissed veep job." ... "Count Alaska [Republican Governor]
Gov. Sarah Palin as one of the most surprised that she was chocen as unning
mate for [2008 Election Republican Presidential Candidate and Arizona Senator]
Sen. John McCain (R-Ariz. [Republican-Arizona])." ... "In an interview
just a month ago, she dissed the job, saying it didn’t seem “productive.”"
... "In fact, she said she didn’t know what the vice president does." ...
"Palin replied: “As for that VP talk all the time, I’ll tell you, I still
can’t answer that question until somebody answers for me what is it exactly
that the VP does every day?["]" ... "Before Palin’s election in December
2006 as the state’s first woman governor, she served two terms on the city
council of Wasilla, Alaska (population 6,700), and two terms as the mayor/manager
of Wasilla." -By Mike Allen
-Politico.com
-
Sarah
Palin - Science
-
Politics
-
Global
-
Climate
-
Atmosphere
-
2008
Election -
John
McCain -
Alaska
-
Arizona
"Palin
Not Convinced on Global Warming." ... "Some scientists
believe Alaska will be among the first to feel the impact of global warming,
but [2008 Election Republican Vice Presidential Candidate] Sarah Palin
told voters there she wasn't sure climate change wasn't simply part of
a natural warming cycle." ... ""I will not pretend to have all the answers,"
Palin said about global warming, according to the Anchorage Daily News.
Her spokesman clarified at the time that "she's not totally convinced one
way or the other. Science will tell us . . . She thinks the jury's still
out."" ... "Palin shared her views in the run-up to the 2006 governor's
race, at an Alaska Federation of Natives convention, where delegates passed
a resolution calling for a mandatory reduction in pollution affecting the
atmosphere." ... "Answering a question from the Daily News, Palin cautioned
against "overreaction."" ... "Those were among the comments that brought
condemnation today from Greenpeace to her selection as [2008 Election Republican
Presidential Candidate and Arizona Senator] Sen. John McCain's running
mate on the Republican ticket. The environmental group's Alaska Global
Warming Campaigner, Melanie Duchin, described Palin as "one of the most
anti-environment records of any governor in the United States." -By
Matthew Mosk and Juliet Eilperin -WashingtonPost
-
John
McCain -
Sarah
Palin - Science
-
Education
-
Politics
-
Law
-
History
-
2008
Election -
Alaska
-
Tennessee
"McCain's
VP Wants Creationism Taught in School." ... "[2008
Election] Republican vice-presidential candidate Sarah Palin wants creationism
taught in science classes." ... "In a 2006 gubernatorial debate, the soon-to-be
governor of Alaska said of evolution and creation education, "Teach both.
You know, don't be afraid of education. Healthy debate is so important,
and it's so valuable in our schools. I am a proponent of teaching both.""
... "Asked by the Anchorage
Daily News whether she believed in evolution, Palin declined to
answer, but said that "I don't think there should be a prohibition against
debate if it comes up in class."" ... ""I'm not going to pretend I know
how all this came to be," she said." ... "The battle between evolution
and creationism -- specifically, Christian creationism -- in U.S. classrooms
dates back to the 1925 Scopes trial, when a Tennessee court banned the
teaching of evolution. Since then, state and federal courts have repeatedly
rejected so-called creation science in public schools, calling it religion
rather than science." ... "The latest courtroom defeat came in the 2005
Kitzmiller
v. Dover case, when the superficially religion-neutral theory of intelligent
design was classified as religious creationism. The Supreme Court ruled
in 1987 that teaching creationism violated the separation of church and
state." ... "Nevertheless, pro-creationism education initiatives driven
by Christian conservatives have flourished, and defenders of evolution
-- and, more broadly, scientific integrity -- worry that Palin's pick will
give momentum to this church-over-state push." ... ""It's unfortunate McCain
would pick someone who shares those particular anti-science views, but
it's not a surprise," said Barbara Forrest, a Southeastern Lousiana University
philosophy professor and prominent critic of creationist science. "She's
a choice that pleases the religious right. And the religious right has
been the chief force against teaching evolution."" -By
Brandon Keim -Wired
-
Sarah
Palin -
Alaska
- Lawmakers
-
Investigation
-
Global
-
Climate
-
Ice
- Environment
-
Species
-
2008
Election
"Palin
candidacy raises eyebrows in Alaska." ... "State
lawmakers have launched a $100,000 investigation to determine if [2008
Election Republican Vice Presidential Candidate and Alaska Governor Sarah]
Palin dismissed Public Safety Commissioner Walt Monegan last month because
Monegan wouldn't fire a state trooper involved in a messy custody battle
with her sister." ... "She also is under fire from environmentalists for
opposing the [Republican President] Bush administration's decision in May
to list the polar bear as a threatened species under the Endangered Species
Act because global warming is melting the polar ice cap." ... "Dermot Cole,
a longtime columnist for Alaska's second-largest newspaper, the Fairbanks
Daily News-Miner, called McCain's choice of Palin reckless and questioned
her credentials." ... ""Sarah Palin's chief qualification for being elected
governor was that she was not Frank Murkowski," Cole said of her enormously
unpopular predecessor, who lost favor with Alaskans in part because of
unpopular budget cuts. "She was not elected because she was a conservative.
She was not elected because of her grasp of issues or because of her track
record as the mayor of Wasilla [Alaska]."" -By Dan
Joling with contributions by Sharon Theimer and H. Josef Hebert
-AP via -Chron
-
Sarah
Palin -
John
McCain - Politics
-
People
-
Family
-
Drugs
- Health
-
Federal
- US
-
Foreign
-
Military
- Terrorism
-
Alaska
-
Idaho
-
2008
Election
"On
Sarah Palin." ... "[2008 Election Republican Presidential
Candidate] John McCain has selected Alaska [Republican] Governor Sarah
Palin as his running mate. [Governor] Gov. Palin was first elected to the
position in 2006 and previously served as the mayor of Wasilla (pop. 5,470)
[Alaska]. She also served on the town's city council. She has a degree
from the University of Idaho where she minored in political science. That
is the extent of her political experience." ... "Her biography is fascinating.
She is only 44 years-old. She eloped with her highschool sweetheart, a
Yup'ik Eskimo. They have five children named: Track 18, Bristol, 17, Willow,
13, Piper, 7, and Trig (who was born on April 18th). Trig has Down's Syndrome.
The Palins knew that Trig had an extra chromosome but decided to go ahead
with the pregnancy." ... "She has admitted to smoking the ganja [marijuana]
but says she didn't enjoy it. She was the runner-up in the Miss Alaska
contest." ... "I am not aware of Palin having any knowledge or experience
with foreign affairs, terrorism, the armed forces, or the federal bureaucracy."
... "Considering [2008 Election Republican Presidential Candidate] John
McCain's age and history with cancer, this pick has extra importance. It's
hard to envision Gov. Palin becoming president on short notice. It also
undermines McCain's focus on foreign policy and experience." -By
BooMan
Tribune
-
John
McCain -
Sarah
Palin - Science
-
Politics
-
Oil
-
Money
-
Wildlife
- History
-
Global
-
Climate
-
Ice
- Law
-
Alaska
-
Arizona
-
2008
Election - US
-
Canada
"McCain
VP Pick No Friend to Polar Bears." ... "Alaska [Republican]
Governor Sarah Palin has ignored research showing that polar bear populations
are declining in the quest to plumb new sources of energy, according to
scientists, and environmental groups who fought to put the bears on the
endangered species list." ... "[2008 Election Republican Presidential Candidate
and Arizona Senator] Sen. John McCain tapped Alaska Governor Sarah Palin
to be his vice presidential candidate Friday. Palin is only the second
woman to be on a major party's ticket as VP -- the first was Geraldine
Ferraro, who ran with Democrati Walter Mondale in 1984." ... "The 44-year-old
Palin, a beauty pageant winner and former mayor of a small town in Alaska,
is an advocate of drilling for oil in the Arctic National Wildlife Refuge.
She has infuriated environmentalists for her support of the aerial
shooting of wolves as a way to build up herds of moose and caribou. She's
also sued the Interior Department for putting
polar bears on the endangered species list." ... "In the lawsuit, filed
this month in federal district court in the District of Columbia, Palin
argues that the government's move to list polar bears as endangered is
not based on sound science, and restricts oil and natural gas development.
The Interior Department had put the bears on the list in response to a
lawsuit filed by environmental groups, who argued that the bears are being
threatened by global warming." ... "In an interview on the conservative
CNN talk show hosted by Glenn Beck earlier this year, Palin said that she
was worried that environmentalists are using the Endangered Species Act
to block the extraction of oil and gas." ... ""In fact, the number of polar
bears has risen dramatically over the past 30 years," she said. "Our fear
(is) that extreme environmentalists will use this tool, the ESA, to eventually
curtail or halt the North Slope production of very rich resources that
America needs."" ... "But biologists who have studied polar bear populations
counter that the facts simply do not support Palin's assertion that polar
bear populations are on the rise." ... ""Polar bear populations have not
been increasing for the past 30 years, and that's a well-known fact," said
Ian Stirling, an emeritus scientist with Canada's Department of the Environment
and an adjunct professor at the University of Alberta in an interview.
Stirling has studied polar bears for 37 years -- the longest of anyone."
... "In fact, the polar bear population has actually declined by 20 percent
in Alaska's Southern Beaufort Sea since the mid-1980s, he says, referring
to peer-reviewed research that he's conducted with other scientists for
the US Geological Survey. The reason: Loss of their habitat in the form
of melting ice." -By Sarah Lai Stirland
-Wired
-
Sarah
Palin -
John
McCain -
Investigation
- Legislature
-
Alaska
-
Colorado
-
2008
Election
"Choice
stuns state politicians." ... "[2008 Election Republican
Presidential Candidate] John McCain's choice of Alaska [Republican Governor]
Gov. Sarah Palin as his vice presidential running mate stunned and divided
Alaska political leaders on Friday. Supporters said she was a shrewd choice,
but others argued Palin has no business being a heartbeat away from the
presidency." ... "State Senate President Lyda Green said she thought it
was a joke when someone called her at 6 a.m. to give her the news." ...
""She's not prepared to be governor. How can she be prepared to be vice
president or president?" said Green, a Republican from Palin's hometown
of Wasilla [Alaska]. "Look at what she's done to this state. What would
she do to the nation?"" ... "... Anchorage [Alaska] Democratic state [Senator]
Sen. Hollis French said it's a huge mistake by McCain and "reflects very,
very badly on his judgment." French said Palin's experience running the
state for less than two years hasn't prepared her for this." ... "Alaska
Democratic Party chairwoman Patti Higgins, attending her party's national
convention in Denver [Colorado], said she was shocked to hear the news
this morning." ... ""In this very competitive election for them to go pick
somebody who is ... under a cloud of suspicion, who is under investigation
for abuse of power. It just sounds like a pretty slow start to me," Higgins
said." ... "The state Legislature is investigating whether Palin and her
staff broke state law by pressuring the public safety department to fire
a state trooper who was in a custody battle with her sister." ... ""We
need a vice president who can step in if, God forbid, something happened
to John McCain," Higgins said. "I don't think she's someone who is ready
for that 3 a.m. phone call."" -By Sean Cockerham and
Wesley Loy with contributions by Lisa Demer, Tom Kizzia and Elizabeth Bluemink
-ADN.com
_2008
News News Reference August
2008 News
August 28, 2008 News URL: #August-28-2008-News
20080828
Thursday
-
Cindy
McCain -
John
McCain -
Barack
Obama -
2008
Election -
Phoenix
-
Arizona
-
Family
"Cindy
McCain's Half Sister: "I'm Voting for Barack Obama"."
... "Cindy McCain's half sister is planning on voting for [2008
Election Democratic Presidential Candidate] Barack Obama, she tells
-+Usmagazine.com." ... ""I'm not voting for McCain," Kathleen Hensley Portalski
tells Us. "I have a different political standpoint." ... ""I'm voting
for Obama," the Phoenix [Arizona's capital] resident says. "I think his
proposals to improve the country are more positive and I'm not a big war
believer."" ... "Portalski, 65, and the potential first lady, 54, have
the same father: Jim Hensley, the founder of the beer distributor Hensley
and Co. that Cindy McCain now chairs." ... "In an interview with NPR News'
All
Things Considered last week, Portalski said she felt
"like a non-person" after Cindy McCain described herself as an "only child.""
... "Portalski's mother is Hensley's first wife; Cindy McCain's mother,
Marguerite Hensley, also had another daughter from her first marriage."
-UsMagazine.com
-
US
-
KBR
- Corporation
-
Jordan
-
Nepal
- Workers
-
Human
-
Rights
- Iraq
-
Military
-
California
"KBR,
Partner in Iraq Contract Sued in Human Trafficking Case."
... "Agnieszka Fryszman, a partner at Cohen, Milstein, Hausfeld & Toll,
said 13 Nepali men, between the ages of 18 and 27, were recruited in Nepal
to work as kitchen staff in hotels and restaurants in Amman, Jordan. But
once the men arrived in Jordan, their passports were seized and they were
told they were being sent to a military facility in Iraq, Fryszman said."
... "As the men were driven in cars to Iraq, they were stopped by insurgents.
Twelve were kidnapped and later executed, Fryszman said. The thirteenth
man survived and worked in a warehouse in Iraq for 15 months before returning
to Nepal." ... "The lawsuit, filed in a federal court in California on
behalf of the workers' families and the survivor, claims that the trafficking
scheme was engineered by KBR and its Jordanian subcontractor, Daoud &
Partners, according to Fryszman." -By Dana Hedgpeth
-WashingtonPost
-
KBR
- Lawsuit
-
Human
-
Rights
- Iraq
-
Nepal
- Workers
-
US
-
Company
-
Military
"KBR
Suit Alleges 'Forced Labor' and 'Slavery'." ... "We've
now looked through the lawsuit against KBR that we
told you about this morning. The complaint
(pdf) alleges that the company -- the biggest U.S. [United States] contractor
in Iraq during the period at issue -- engaged in a human trafficking scheme
whereby 12 Nepali men were brought to Iraq to work and were prevented from
leaving. The men were then kidnapped by insurgents, and all but one were
executed." ... "In sum: "Defendants' actions as set forth above constitute
the torts of trafficking in persons, involuntary servitude, forced labor,
and slavery."" ... "This is hardly the first time that KBR has been in
hot water, of course. As we noted
back in June, the company "was criticized
in March for making troops sick by failing to provide clean water. And
top military officials have given
false statements to Congress to quell controversy over the company."
In addition, at least two female former KBR employees in Iraq have
alleged that they were raped or sexually assaulted by co-workers, and
that KBR was less than aggressive in investigating their claims." -By
Zachary Roth -TPMMuckracker
.TalkingPointsMemo
-
Global
-
Climate
-
Ice
- Science
-
History
"Arctic
ice shrinks to second-lowest level ever." ... "Arctic
sea ice, which melts partly during each polar summer, has shrunk more this
year than in any on record except for 2007, the National Snow and Ice Data
Center has found." ... "Scientists said the data provided more ominous
indications that a global warming "tipping point" in the Arctic seems to
be happening before their eyes: Sea ice in the Arctic Ocean is now at its
second lowest level in about 30 years." ... "With several weeks left of
the melting season, the National Snow and Ice Data Center reported yesterday
that sea ice in the Arctic now covers about 2.03 million square miles.
The lowest point since satellite measurements began in 1979 was 1.65 million
square miles, measured on Sept. [September] 16, 2007." ... "Declining ice
as a result of warmer temperatures in the air and ocean threatens to amplify
global warming because the sea is darker than ice and absorbs more sunlight."
-Newsday.com
_2008
News News Reference August
2008 News
August 27, 2008 News URL: #August-27-2008-News
20080827
Wednesday
-
US
-
Iraq
-
Military
- Money
-
PA
"U.S.
increases spending on contractors in Iraq." ... "The
United States is spending more money than ever on private security contractors
in Iraq as thousands of troops return home amid steady declines in insurgent
attacks, federal records show." ... "This year, spending on contractors,
who protect diplomats, civilian facilities and supply convoys, is projected
to exceed $1.2 billion, according to federal contract and budget data obtained
by USA TODAY. Most of that bill — about $1 billion —is State Department
spending, which is up 13% over 2007. The remaining $200 million covers
Pentagon contracts." ... "A Congressional Budget Office report released
this month showed that U.S. agencies spent a total of $85 billion on contractors
of all types in Iraq from 2003 through 2007 — about 20% of all U.S. spending
for operations in the country during that period." ... "Some security costs
may be undocumented because they're buried inside contracts for other services,
the report said." ... "That's an unacceptable lack of clarity, says [Pennsylvania
Democratic Representative] Rep. John Murtha, D-Pa [Democratic-Pennsylvania].,
who chairs the House subcommittee that controls defense spending. He has
proposed to cut $4.5 billion from contracting accounts in next year's defense
budget and add $943 million to other Pentagon accounts so more of the work
can be shifted to civilian government employees." -By
Peter Eisler -USATODAY
-
Ted
Stevens -
Don
Young - Oil
-
Money
-
VECO
- Legal
-
Investigation
-
Alaska
-
Florida
-
Road
-
Construction
"Indicted
Senator Wins G.O.P. Primary." ... "[Alaska Republican]
Senator Ted Stevens of Alaska won the Republican primary in his home state
on Tuesday, soundly defeating six Republican challengers less than a month
after he was indicted by a federal grand jury for concealing more than
$250,000 in gifts from an oil services company." ... "The victory for Mr.
Stevens, 84, means he now moves to a tough general election campaign against
[Anchorage, Alaska Democratic] Mayor Mark Begich of Anchorage, who easily
won the Democratic primary on Tuesday and leads the senator in polls. Mr.
Stevens enters the general election also having to prepare for his trial,
which is scheduled to begin in late September." ... "[Alaska Republican]
Representative Don Young, the state's lone House member and a 35-year incumbent,
was locked in a close primary race with Lt. Gov. Sean Parnell early Wednesday.
With nearly 98 percent of precincts reporting, Mr. Young led by fewer than
150 votes out of more than 85,000 cast." ... "Like Mr. Stevens, Mr. Young
is under federal investigation for his ties to VECO, a former oil services
company, but he also faces scrutiny on other matters, including a controversial
$10 million earmark he pushed through for a Florida road project. Mr. Young
has spent more than $1 million of his campaign funds on legal fees." -By
William Yardley -NYTimes
-
John
McCain -
Houses
- Economy
-
Car
-
Internet
-
US
-
Foreign
- Gas
-
Torture
-
Guantanamo
-
Prison
-
Stem
Cells - Health
Care -
Politics
-
2008
Election
"Trust
Me." ... ""You’re the Republican candidate for president
and you want to fix the country's problems even though you don’t know much
about the economy, you don’t know how to use the internet, you don’t know
how many houses you own or what kind of car you drive, you admit you don’t
think clearly when you’re tired, you make frequent gaffes on foreign policy,
you think offshore drilling is a short-term solution to high gas prices,
you support torture and keeping the Guantanamo prison open, you make rash
decisions and statements from which you have to quickly backtrack, you
have an explosive temper on a hair trigger, your idea of health care reform
is 'wear more sunscreen,' you're for stem cell research except when it's
done on stem cells because you consider them all American citizens, and
you voted to support the policies of the worst president ever 100 percent
of the time this year?"" ... ""Trust me, my friends. I was a POW."" ...
"Only in Republicanland." -Bill
in Portland Maine -DailyKos.com
_2008
News News Reference August
2008 News
August 26, 2008 News URL: #August-26-2008-News
20080826
Tuesday
-
Money
-
History
"FDIC
Warns of More Bank Troubles: The Government Insures
Depositors When Banks Fail, But Does It Have Enough Cash?" ... "The health
of U.S. banks is quickly deteriorating, and the government fund set up
to protect depositors might not have enough money to insure everybody,
analysts told ABCNews.com." ... "The Federal Deposit Insurance Corporation,
or FDIC, insures bank deposits of up to $100,000 at nearly 8,500 of the
nation's banks and also keeps a watch list of banks that it considers in
trouble." ... "At the beginning of the year, 90 banks were on the FDIC
watch list. There are now 117, FDIC chairwoman Sheila C. Bair announced
at a news conference this afternoon. That is the highest number in five
years, but some analysts expect the list to grow even more in coming months."
... ""I think there's going to be a steady drip, drip, drip of bad news,"
said Sean Ryan, a banking analyst with Sterne Agee. "We've only seen the
very tip of the iceberg in terms of bank failures."" ... "The FDIC, created
in 1933 during the Great Depression to help restore the public's confidence
in the nation's banking system, receives no federal tax dollars and is
funded through the institutions that it insures. Currently it has $50.2
billion set aside to cover bank failures, nearly 20 percent of which is
likely to be depleted in the IndyMac insurance payback alone." (1, 2,
3)
-By Scott Mayerowitz -ABCNEWS.com
_2008
News News Reference August
2008 News
August 25, 2008 News URL: #August-25-2008-News
20080825
Monday
-
WATCH
-
2008
Election - Politics
-
Noteworthy
- US
-
Iraq
-
Military
-
Global
-
Climate
- Environment
-
Fiscal
-
History
-
Iowa
"Full
Text: Former U.S. Rep. Jim Leach Speech to Democratic National Convention."
... [Speech by Iowa Republican Representative Jim Leach:] "In troubled
times, it was understood that country comes before party, that in perilous
moments mutual concern for the national interest must be the only factor
in political judgments. This does not mean that debate within and between
the political parties should not be vibrant. Yet what frustrates so many
citizens is the lack of bipartisanship in Washington and the way today’s
Republican Party has broken with its conservative heritage." ... "The party
that once emphasized individual rights has gravitated in recent years toward
regulating values. The party of military responsibility has taken us to
war with a country that did not attack us. The party that formerly led
the world in arms control has moved to undercut treaties crucial to the
defense of the earth. The party that prides itself on conservation has
abdicated its responsibilities in the face of global warming. And the party
historically anchored in fiscal restraint has nearly doubled the national
debt, squandering our precious resources in an undisciplined and unprecedented
effort to finance a war with tax cuts." ... "America has seldom faced more
critical choices: whether we should maintain an occupational force for
decades in a country and region that resents western intervention or elect
a leader who, in a carefully structured way, will bring our troops home
from Iraq as the heroes they are. Whether it is wise to continue to project
power largely alone with flickering support around the world or elect a
leader who will follow the model of General Eisenhower and this president’s
father and lead in concert with allies." ... "Whether it is prudent to
borrow from future generations to pay for today’s reckless fiscal policies
or elect a leader who will shore up our budgets and return to a strong
dollar. Whether it is preferable to continue the policies that have weakened
our position in the world, deepened our debt and widened social divisions
or elect a leader who will emulate John F. Kennedy and relight a lamp of
fairness at home and reassert an energizing mix of realism and idealism
abroad." ... "The portfolio of challenges passed on to the next president
will be as daunting as any since the Great Depression and World War II.
This is not a time for politics as usual or for run-of-the-mill politicians.
Little is riskier to the national interest than more of the same. America
needs new ideas, new energy and a new generation of leadership." ... "Hence,
I stand before you proud of my party’s contributions to American history
but, as a citizen, proud as well of the good judgment of good people in
this good party, in nominating a transcending candidate, an individual
whom I am convinced will recapture the American dream and be a truly great
president: the senator from Abraham Lincoln’s state—Barack Obama. Thank
you." -By Jim Leach via
-Clips&Comment
WATCH:
Jim Leach, Republican of Iowa at the Democratic National Convention
_2008
News News Reference August
2008 News
August 21, 2008 News URL: #August-21-2008-News
20080821
Thursday
-
John
McCain -
Housing
- Politics
-
Arizona
-
California
-
Virginia
-
2008
Election
"A
housing issue: McCain not sure how many they own."
... "Days after he cracked that being rich in the U.S. [United States]
meant earning at least $5 million a year, [2008 Election] Republican presidential
candidate John McCain acknowledged that he wasn't sure how many houses
he and his wealthy wife actually own." ... ""I think — I'll have my staff
get to you," McCain responded to a question posed by Politico, according
to a story Thursday on the publication's Web site. "It's condominiums where
— I'll have them get to you."" ... "Later, the McCain campaign told Politico
that McCain and his wife, Cindy, have at least four in three states, Arizona,
California and Virginia. Newsweek recently estimated the two owned at least
seven properties." ... "On the campaign trail, McCain doesn't refer to
his wife's wealth, estimated by some at $100 million and based on her late
father's Arizona beer distributorship." ... "According to her 2006 tax
returns, Cindy McCain had a total income of $6 million." -By
Douglass K. Daniel with contributions by Phil Elliott and Ann Sanner -AP
via -Yahoo
-
John
McCain -
Homes
- Money
-
Politics
-
2008
Election - Working
-
Families
"McCain
owns so many homes, he’s lost count." ... "It’s one
thing to be so extraordinarily wealthy that you own multiple homes. It’s
another to be so extraordinarily wealthy that you can’t even remember how
many homes you own." ... "By one count, the actual number [of homes owned
by 2008 Election Republican Presidential Candidate John McCain] is actually
10." ... "But in most respects, the exact number isn’t especially relevant.
The point is a) McCain is so rich he owns a lot of homes; b) McCain is
so out of touch he can’t even remember the number of homes he owns; and
c) despite his extravagant wealth, McCain is anxious to push an agenda
that favors the rich even more while screwing over the middle class
and working families." -By Steve Benen
-TheCarpetbaggerReport.com
-
John
McCain - Money
-
Politics
-
Phoenix
-
Arizona
-
Condo
-
2008
Election
"Two
Become One." ... "I was wondering
yesterday how it is that you manage to spend almost $4.7 million on
a condo in Phoenix [Arizona], and the answer turns out to be that the McCains
bought
two luxury condos and combined them. The $4.66 million figure is the
combined
price of his cribs. What’s more, at 2211
Camelback you’re not just paying for a swanky pad, you’re getting top-notch
amenities
like an edgeless rooftop pool and a concierge staff prepared to cater to
your every whim:"
"* Laundry and dry cleaning service with pick-up and delivery"" -By Matthew Yglesias -ThinkProgress.org/Wonk Room
"* Personal spa services"
"* Travel and driver services"
"* Dining reservations and catering"
"* Special events tickets"
"* Shopping services"
"* Housekeeping and maintenance services"
"* Pet services, auto detailing, plant care, etc."
"* Business services"
-
John
McCain -
Family
- US
-
Bangladesh
-
Vietnam
- History
-
2008
Election
"Watchdogs
make it harder for politicians to stretch the truth:
Cindy McCain's past is the latest to be questioned after errors were found."
... "The latest embellishments come from the [2008 Election Republican
Presidential Candidate John] McCain camp. Cindy McCain has repeatedly referred
to herself as an “only child.” This week came news that she actually has
two half sisters, although apparently she had very little contact with
them." ... "The McCain campaign had also put out the story that Mother
Teresa “convinced” Cindy to bring home two orphans from Bangladesh in 1991."
... "Mrs. McCain, it turns out, never met Mother Teresa on that trip."
... "In another instance, McCain told the Chicago Tribune earlier this
year that on one of her medical missions to Vietnam she was in “the very
hospital – and in the very room – where her husband was brought after being
shot down and then beaten by a mob during the war.”" ... "A 1992 Washington
Times story recounts a different version: “Mrs. McCain asked to see the
operating room and her husband’s cell, but was turned down. She took the
rejection philosophically. ‘It’s 27 years later. Let’s go on,’ Mrs. McCain
said.”" -By Alexandra Marks
-CSMonitor
_2008
News News Reference August
2008 News
August 19, 2008 News URL: #August-19-2008-News
20080819
Tuesday
-
Cindy
McCain -
John
McCain -
2008
Election -
Family
"Cindy
McCain's Half Sister: She "Makes Me Feel Like a Non-Person"."
... "[2008 Election Republican Presidential Candidate] John McCain's
wife Cindy is coming under criticism from her older half sister
for claiming to be an "only child."" ... "Just last month, Cindy McCain
told CNN: "I grew up with my dad. I'm an only child. My father was a cowboy
and he really loved me very much, but I think he wanted a son occasionally.""
... "But in an interview with NPR
News' All Things Considered, half sister Kathleen Hensley
Portalski responded: "I'm upset. I'm angry. It makes me feel like a non-person,
kind of."" ... "Portalski's son Nicholas told NPR it's "just very, very
hurtful" that "we don't exist" and "Cindy has to put such a fine point
on it by saying something that's not true.""
-UsMagazine.com
-
Afghanistan
-
French
-
US
-
Terrorism
-
History
"Taliban
kill 10 French troops in Afghanistan." ... "Taliban
insurgents killed 10 French soldiers and wounded 21 in a major battle in
Afghanistan, the French president's office said on Tuesday, the biggest
single loss of foreign troops in combat there since 2001." ... "The Taliban
have gradually closed in on Kabul [Afghanistan's capital] in the past year,
making travel south, west or east of the capital extremely hazardous for
troops, aid workers and civilians and spreading fear among the population."
... "The battle that ensued lasted deep into the night and the mixed French,
Afghan and U.S. force summoned reinforcements and air support, General
Jean-Louis Georgelin, chief of the army general staff, told a news conference
in Paris." ... "France has 2,600 troops in Afghanistan, after Sarkozy sent
an extra 700 soldiers this year in response to a U.S. call for NATO allies
to provide more forces to check a surge in violence." ... "TALIBAN CLOSING
IN" ... "The Taliban have stepped up attacks in provinces bordering the
Afghan capital over the past year, closing in from the volatile south and
east, where the bulk of the fighting has occurred since militants relaunched
their insurgency in 2005." (1, 2,
3)
-By Sayed Salahuddin with contributions by James Mackenzie,
Elyas Wahdat in Khost, Jon Hemming, and Michael Winfrey
-Reuters
-
Prices
-
History
-
Energy
-
Labor
"Wholesale
prices: Highest annual rate in 27 years: The Labor
Department reports that its Producer Price Index increased by 1.2% in July
and by 9.8% in the past year." ... "In another indication of growing inflation,
wholesale prices increased in July to the highest annual rate in 27 years,
according to a government report released Tuesday." ... "The annual Producer
Price Index for finished goods rose 9.8% in the 12 months that ended in
July." ... "The jump in wholesale prices is the fastest rate of increase
since a 10.4% bump-up in June 1981, according to Joseph Kowal, economist
at the Bureau of Labor Statistics." ... "The Labor Department also reported
that PPI rose 1.2% in July, after increasing 1.8% in June. Analysts polled
by Briefing.com had expected an increase of only 0.6%." ... "The surge
in producer prices is in large part due to higher energy prices, said Doug
Roberts, chief investment strategist for ChannelCapitalResearch.com."
-CNN
_2008
News News Reference August
2008 News
August 18, 2008 News URL: #August-18-2008-News
20080818
Monday
-
Cindy
McCain -
Family
-
Phoenix
-
Arizona
-
John
McCain -
2008
Election
"Cindy
McCain's Half Sister 'Angry' She's Hidden." ... "Last
Tuesday, NPR broadcast a story about [2008 Election Republican Presidential
Candidate John McCain's wife] Cindy McCain's business and charity work.
In it, Ted Robbins described McCain as the only child of Jim Hensley, a
wealthy Arizona businessman. The next morning, NPR received an e-mail from
Nicholas Portalski of Phoenix [Arizona], who heard the story with his mother."
... ""We were listening to the piece about Cindy McCain on NPR, All
Things Considered, and it just struck us very hard," Portalski said."
... "His mother, Kathleen Hensley Portalski, is also Hensley's daughter."
... "McCain herself routinely uses the phrase "only child," as she did
on CNN last month. "I grew up with my dad," she said then. "I'm an only
child. My father was a cowboy, and he really loved me very much, but I
think he wanted a son occasionally."" ... ""I'm upset," Kathleen Portalski
says. "I'm angry. It makes me feel like a nonperson, kind of."" ... ""The
fact that we don't exist," he says. "The fact that we've never been recognized,
and then Cindy has to put such a fine point on it by saying something that's
not true. Recently, again and again. It's just very, very hurtful."" -By
Ted Robbins -NPR.org
-
John
McCain -
Ralph
Reed
-
Jack
Abramoff -
Criminal
Investigation -
Religion
- Politics
-
Georgia
-
2008
Election
"McCain
nets $1.75 million at Reed-linked event." .. "[2008
Election Republican Presidential Candidate] John McCain raised more than
$1.75 million for Republicans Monday at a fundraiser [in Georgia's capital
Atlanta] clouded by confusion over the role of a political operative connected
to disgraced lobbyist Jack Abramoff." .. "The downtown event was promoted
by Ralph Reed, a former head of the Christian Coalition. McCain's campaign
said the event was organized by the Republican National Committee — not
Reed, who was linked to the Abramoff scandal that McCain investigated in
the Senate." .. "A House investigative committee in 2006 did not call Reed
as a witness, but concluded that he interceded with the [Republican President]
Bush White House to help some of Abramoff's clients. Reed's public relations
firm also received $4.2 million from Abramoff to mobilize Christian voters
to fight the opening of casinos that could compete with Abramoff's Indian
tribe clients." .. "Abramoff went to prison for conspiracy, mail fraud
and tax evasion." -By Philip Elliott
-AP via -Yahoo
-
John
McCain -
Ralph
Reed
-
Jack
Abramoff - Money
-
Religion
-
Georgia
-
2006
Election -
2008
Election
"Protesters
mark McCain’s visit to Atlanta for fund-raiser."
... "More than 50 protesters marched in front of the Marriott Marquis [in
Georgia's capital Atlanta] on Monday, shouting “Bush, McCain, same thing!”"
... "Across Peachtree Center Avenue, Georgia Democratic Party chairwoman
Jane Kidd and state [Georgia Democratic state Senator] Sen. David Adelman
(D-Atlanta) held a news conference to add a more official voice of protest."
... "Kidd blasted McCain for only coming to the state to raise money and
not to meet with regular voters." ... "“Instead of listening to Georgians,
John McCain chose to talk with people who have given him thousands of dollars,”
she said." ... "That includes Ralph Reed, said Adelman." ... "Reed is the
former head of the Christian Coalition who in 2006 [election] lost a bid
for the Georgia GOP [GOP=Grand Old Party=Republican] nomination as lieutenant
governor after he was implicated, but not charged, in the Jack Abramoff
lobbying scandal in Washington." ... "Reed e-mailed supporters and friends
to urge them to give to the [2008 Election Republican Presidential Candidate
John] McCain campaign. Reed also instructed potential donors to send contributions
directly to him. Reed told The Atlanta Journal-Constitution that he sent
the e-mail at the request of the campaign and was given boilerplate language
to use. He said he has no role in the campaign or in this event, something
the McCain campaign confirmed." ... "But Reed’s involvement in raising
money has been a source of ridicule and scorn from Democrats." ... "Reed,
Adelman said, “has sold his influence with Christian conservative voters
to the highest bidder.”" -By Aaron Gould Sheinin
-AJC
_2008
News News Reference August
2008 News
August 14, 2008 News URL: #August-14-2008-News
20080814
Thursday
-
Sarah
Palin - Political
-
Law
-
Investigation
-
Alaska
"Palin
staff pushed to have trooper fired: Governor says
she's learned calls were made about Wooten's ouster." ... "[Alaska Republican
Governor] Gov. Sarah Palin on Wednesday revealed an audio recording that
shows an aide pressuring the Public Safety Department to fire a state trooper
embroiled in a custody battle with her sister." ... "Palin, who has previously
said her administration didn't exert pressure to get rid of trooper Mike
Wooten, also disclosed that members of her staff had made about two dozen
contacts with public safety officials about the trooper." ... ""I do now
have to tell Alaskans that such pressure could have been perceived to exist
although I have only now become aware of it," Palin said." ... "But Palin
said her decision to fire Public Safety Commissioner Walt Monegan last
month had nothing to do with his refusal to dump trooper Mike Wooten."
... "The governor said evidence of what she called a "smoking gun" conversation,
and other calls made by her aides, only recently surfaced as the attorney
general started an inquiry at her request into the circumstances surrounding
her firing of Monegan. Palin wanted the review because a special investigator
hired by the Legislature is about to investigate the firing and a legislator
has been quoted in a newspaper story talking about impeachment." ... "The
majority of the calls came from Palin's chief of staff at the time, Mike
Tibbles, according to information gathered by the state attorney general's
office. Attorney General Talis Colberg and Palin's husband, Todd, also
contacted Monegan about the trooper." ... "Palin said the "most disturbing"
was a phone call Frank Bailey, the governor's director of boards and commissions,
made to trooper Lt. Rodney Dial in February. The Public Safety Department
recorded the call, as it does routinely." ... "Palin, who said she'd only
just learned of the call, released a recorded copy of it to the press on
Wednesday. In it, Bailey clearly pressures the lieutenant." ... "Bailey
told him during the conversation that Palin and her husband want to know
why Wooten still has a job." ... ""Todd and Sarah are scratching their
heads, 'Why on earth hasn't this, why is this guy still representing the
department?' He's a horrible recruiting tool, you know," Bailey told the
lieutenant." ... "Bailey made several accusations against Wooten in the
call, including that he lied on his application. Dial asked Bailey how
he knew about any issue with the application." -By
Sean Cockerham -ADN.com
-
Barack
Obama -
John
McCain -
Ron
Paul -
Military
- People
-
Overseas
- Politics
-
History
-
Iraq
-
US
-
2008
Election
"Troops
Deployed Abroad Give 6:1 to Obama." ... "During World
War II, soldiers crouching in foxholes penned letters assuring their sweethearts
that they'd be home soon. Now, between firefights in the Iraqi desert,
some infantrymen have been sending a different kind of mail stateside:
two or three hundred dollars -- or whatever they can spare -- towards a
presidential election that could very well determine just how soon they
come home." ... "According to an analysis of campaign contributions by
the nonpartisan Center for Responsive Politics, [2008 Election Democratic
Presidential Candidate] Democrat Barack
Obama has received nearly six times as much money from troops deployed
overseas at the time of their contributions than has [2008 Election Republican
Presidential Candidate] Republican John
McCain, and the fiercely anti-war [2008 Election Republican Presidential
Candidate] Ron
Paul, though he suspended his campaign for the Republican nomination
months ago, has received more than four times McCain's haul." -By
Luke Rosiak -OpenSecrets.org
|
|
|
| Obama, Barack
Paul, Ron McCain, John Huckabee, Mike Thompson, Fred Romney, Mitt Clinton, Hillary |
$60,642
$45,512 $10,665 $7,950 $6,350 $5,550 $3,240 |
-
Michigan
- Economic
-
History
-
Auto
-
Manufacturing
"[Michigan]
State's
jobless rate is 8.5%: Unemployed number remains steady
as work force drops by 33,000. U.S. [United States] average is 5.7%." ...
"The state's unemployment rate remained stubbornly high at 8.5 percent
in July, the third consecutive month the jobless rate remained at a level
not seen since the recession of the early '90s." ... "The rate remained
steady not because the state stopped losing jobs -- a total of 29,000 positions
were cut by employers with few new jobs added -- but because the number
of people in the work force fell by 33,000." ... "Michigan's jobless rate
-- far higher than the national rate of 5.7 percent -- is another sign
the woes of the auto industry continue to grip the state. Since July 2007,
the number of unemployed workers in the state has increased by 65,000 or
18.4 percent." ... ""With somewhat more than half of the year already in
the books, it is pretty obvious that 2008 will be the fifth consecutive
year of recession for Michigan," said Dana Johnson, chief economist for
Comerica Inc." -By Louis Aguilar
-DetNews.com
_2008
News News Reference August
2008 News
August 13, 2008 News URL: #August-13-2008-News
20080813
Wednesday
-
Michigan
- Economy
"Foreclosure
fallout: Houses go for a $1." ... "One dollar can
get you a large soda at McDonald's, a used VHS movie at 7-Eleven or a house
in Detroit [Michigan]." ... "The fact that a home on the city's east side
was listed for $1 recently shows how depressed the real estate market has
become in one of America's poorest big cities." ... "And it still took
19 days to find a buyer." ... "The sale price of the home may be an anomaly,
but illustrates both the depths of the foreclosure crisis in Detroit and
the rapid scuttling of vacant homes in some of the city's impoverished
neighborhoods." ... "The home, at 8111 Traverse Street, a few blocks from
Detroit City Airport, was the nicest house on the block when it sold for
$65,000 in November 2006, said neighbor Carl Upshaw. But the home was foreclosed
last summer, and it wasn't long until "the vultures closed in," Upshaw
said. "The siding was the first to go. Then they took the fence. Then they
broke in and took everything else."" ... "The company hired to manage the
home and sell it, the Bearing Group, boarded up the home only to find the
boards stolen and used to board up another abandoned home nearby." ...
"Scrappers tore out the copper plumbing, the furnace and the light fixtures,
taking everything of value, including the kitchen sink." ... "So desperate
was the bank owner of 8111 Traverse Street to unload the property that
it agreed to pay $2,500 in sales commission and another $1,000 bonus for
closing the $1 sale; the bank also will pay $500 of the buyer's closing
costs. Throw in back taxes and a water bill, and unloading the house will
cost the bank about $10,000." -By Ron French
-DetNews.com
-
John
McCain -
Randy
Scheunemann - Money
-
Politics
-
Georgia
- Russia
-
Military
-
Arizona
- US
-
2008
Election
"While
Aide Advised McCain, His Firm Lobbied for Georgia:
Campaign Dismisses Timing of Phone Call, Contract." ... "[2008 Election
Republican Presidential Candidate and Arizona Senator] Sen. John McCain's
top foreign policy adviser prepped his boss for an April 17 phone call
with the president of Georgia and then helped the presumptive Republican
presidential nominee prepare a strong statement of support for the fledgling
republic." ... "The day of the call, a lobbying firm partly owned by the
adviser, Randy Scheunemann, signed a $200,000 contract to continue providing
strategic advice to the Georgian government in Washington." ... "The McCain
campaign said Georgia's lobbying contract with Orion Strategies had no
bearing on the candidate's decision to speak with President Mikheil Saakashvili
and did not influence his statement. "The Embassy of Georgia requested
the call," said campaign spokesman Brian Rogers." ... "But ethics experts
have raised concerns about former lobbyists for foreign governments providing
advice to presidential candidates about those same countries. "The question
is, who is the client? Is the adviser loyal to income from a foreign client,
or is he loyal to the candidate he is working for now?" said James Thurber,
a lobbying expert at American University. "It's dangerous if you're getting
advice from people who are very close to countries on one side or another
of a conflict."" ... "For months while McCain's presidential campaign was
gearing up, Scheunemann held dual roles, advising the candidate on foreign
policy while working as Georgia's lobbyist. Between Jan. 1, 2007, and May
15, 2008, the campaign paid Scheunemann nearly $70,000 to provide foreign
policy advice. During the same period, the government of Georgia paid his
firm $290,000 in lobbying fees." ... "Since 2004, Orion has collected $800,000
from the government of Georgia." -By Matthew Mosk
and Jeffrey H. Birnbaum with contributions by Alice Crites
-WashingtonPost
-
John
McCain -
Randy
Scheunemann - Politics
-
Georgia
- Russia
-
Taiwan
-
Macedonia
-
Romania
-
Latvia
- US
-
Law
-
2008
Election
"McCain
adviser got money from Georgia." ... "[2008 Election
Republican Presidential Candidate] John McCain's chief foreign policy adviser
and his business partner lobbied the senator or his staff on 49 occasions
in a 3 1/2-year span while being paid hundreds of thousands of dollars
by the government of the former Soviet republic of Georgia." ... "The payments
raise ethical questions about the intersection of Randy Scheunemann's personal
financial interests and his advice to the Republican presidential candidate
who is seizing on Russian aggression in Georgia as a campaign issue." ...
""Scheunemann's work as a lobbyist poses valid questions about McCain's
judgment in choosing someone who — and whose firm — are paid to promote
the interests of other nations," said New York University law professor
Stephen Gillers. "So one must ask whether McCain is getting disinterested
advice, at least when the issues concern those nations."" ... ""If McCain
wants advice from someone whose private interests as a once and future
lobbyist may affect the objectivity of the advice, that's his choice to
make."" ... "Scheunemann's firm lobbied McCain's office on four bills and
resolutions regarding Georgia, with McCain as a co-sponsor or supporter
of all of them." ... "In addition to the 49 contacts with McCain or his
staff regarding Georgia, Scheunemann's firm has lobbied the senator or
his aides on at least 47 occasions since 2001 on behalf of the governments
of Taiwan and Macedonia, which each paid Scheunemann and his partner Mike
Mitchell over half a million dollars; Romania, which paid over $400,000;
and Latvia, which paid nearly $250,000." -By Pete
Yost -AP via
-Yahoo
-
Georgia
- Russia
-
EU
-
Belgium
- France
-
Military
- History
"Georgia
Says Russian Troops Move Beyond Conflict Zone (Update2)."
... "Georgia accused Russia of sending troops beyond the South Ossetia
[Republic of Georgia region] conflict zone in violation of a cease-fire.
A Russian official denied the claim, saying the troops are eliminating
Georgia's ability to renew attacks." ... "Georgian Security Council chief
Kakha Lomaia said a column of Russian troops may be moving from the city
of Gori [Republic of Georgia] toward the Uplistsikhe military base, which
Georgian forces abandoned earlier in the conflict. The Russians are advancing
``well beyond the conflict zone,'' he said today." ... "The Russian troop
movements come one day after Georgia and Russia agreed to a European Union-brokered
peace plan to end five days of fighting. EU foreign ministers are meeting
in Brussels [the capital of Belgium and the European Union] to push the
peace deal forward. The 27-nation bloc may send military personnel to monitor
the cease-fire, said French Foreign Minister Bernard Kouchner, whose country
brokered the accord." ... "Georgian President Mikheil Saakashvili said
Russian tanks continue to operate within Georgia, destroying ``infrastructure,''
as Russia said it was responding to sporadic attacks by Georgian snipers
while observing the terms of a cease-fire declared by [Russian] President
Dmitry Medvedev." ... "Medvedev ordered a halt to the military campaign,
which was sparked by fighting between Georgia and South Ossetia on Aug.
7. Saakashvili said Russia launched a ``well-planned invasion'' of Georgia
the next day. Nogovitsyn said Georgia planned its incursion into South
Ossetia in advance and expected to meet resistance only from Ossetian forces
and the 588 Russian peacekeepers deployed in the region." ... "South Ossetia
and Abkhazia broke away from Georgian control in wars in the early 1990s
and Russian forces have been stationed as peacekeepers in the regions under
a Commonwealth of Independent States mandate. Most people living in both
regions have Russian passports. Saakashvili yesterday said Georgia is quitting
the CIS, a loose association of all former Soviet republics except the
three Baltic states. " -By Henry Meyer and Lucian
Kim -Bloomberg
_2008
News News Reference August
2008 News
August 12, 2008 News URL: #August-12-2008-News
20080812
Tuesday
-
John
McCain -
Ralph
Reed
-
Jack
Abramoff -
Grover
Norquist
- Politics
-
Georgia
-
Arizona
-
2008
Election
"McCain
ignoring calls to cancel controversial fundraiser."
... "[2008 Election] Republican presidential candidate John McCain so far
is ignoring calls from several watchdog groups to cancel an Atlanta [Georgia]
fundraiser promoted by [Georgia Republican] Ralph Reed, a longtime friend
and business partner of imprisoned [Republican] lobbyist Jack Abramoff."
... "Public Citizen, Citizens for Responsibility and Ethics in Washington
(CREW), and Campaign Money Watch are urging the Arizona senator to cancel
plans for the [August] Aug. 18 fundraiser at the Marriott Marquis in downtown
Atlanta and remove Reed from McCain’s Victory 2008 Team." ... "Reed lost
his 2006 campaign for Georgia lieutenant governor in large part because
of details about his relationship with Abramoff — much of the information
uncovered by McCain’s Indian Affairs Committee investigation into the wide-ranging
lobbying corruption scandal." ... "The Senate probe discovered $4 million
in payments Reed accepted to run a bogus anti-casino campaign aimed at
reducing gambling competition. An Indian tribe with a competing casino
made payments to Reed, which according to the Senate investigation’s final
report, were “passed through” Abramoff’s firm, Preston, Gates, Ellis &
Rouvelas Meeds, and another organization, Grover Norquist’s Americans for
Tax Reform." -By Susan Crabtree
-TheHill.com
-
Bob
Perry -
Bob
Schaffer -
Colorado
-
Texas
- Money
-
Politics
-
2008
Election
"Swift
Boat Vet Financier Dumping Huge Money Into Key Senate Race."
... "[Texas Republican] Bob Perry, the wealthy businessman who bankrolled
the
Swift Boat Veterans For Truth to the tune of several million dollars, has
a new cause: He's lavishing huge funds on the conservative group Club for
Growth, which is in turn putting big money behind GOP [GOP=Grand Old Party=Republican]
candidates in key Senate races." ... "Perry has just plowed a whopping
$400,000 into the coffers of the Club for Growth, the big right-wing group
that advocates for conservative economic policies, the latest FEC [Federal
Election Commission] records show." ... "Club For Growth, in turn, is now
spending about $227,000 of that money to air an attack ad in Colorado against
[Colorado Democratic Senate Candidate] Mark Udall, who is the presumptive
Dem nominee is going up against scandal-plagued [Colorado Republican] GOP
Senate candidate Bob Schaffer." -By Greg Sargent and
Eric Kleefeld -ElectionCentral
- TalkingPointsMemo.com
-
Barack
Obama -
John
McCain -
Racist
- Political
-
Ads
-
2008
Election
"Missing
the Point of McCain's Ads." ... "I've gotta disagree
with Markos
and Josh Marshall
on this one. [2008 Election Republican Presidential Candidate John] McCain's
new "hot
chicks dig Obama" ad is not intended to be a racist dog-whistle. If
it was, they would have put more effort into it and they'd be playing it
in heavy circulation in the South. Instead, the ad is a hastily thrown
together, low-budget web ad that only political junkies like Markos and
Josh are likely to bother watching." ... "In other words, this particular
dog-whistle isn't directed at racists; it's directed at liberals. The McCain
camp knows that all they have to do is put a few
young white women in an anti-Obama ad (even one they don't intend to
air), and [2008 Election Democratic Presidential Candidate Barack] Obama's
liberal defenders will instantly flip out and accuse them of being racists.
That then gives them the opportunity to, once again, play the role of the
victim and accuse Obama and his defenders of "playing the race card." Wash.
Rinse. Repeat." ... "The McCain camp knows that whenever the discussion
turns to race, it's a bad day for Obama, so they are deliberately trying
to bait Obama's supporters into making accusations of racism. They're [McCain's
campaign are] trying to stoke white racial resentment indirectly by setting
themselves up as the falsely accused." -AnonymousLiberal.com
-
Barack
Obama -
Family
-
Hawai'i
-
-
Journalist
- Politics
-
Military
-
Sports
-
Illinois
-
2008
Election
"Akaka
defends Obama's Hawaii vacation from ABC commentator:
Journalist questions [2008 Election Democratic Presidential Candidate Barack]
Obama's vacation in 'foreign' destination." ... "A group called Asian Americans
for Obama sent out a media alert yesterday with the headline, "BREAKING:
Hawai'i is a State," as U.S. [Unisted States Hawaii Democratic Senator]
Sen. Daniel Akaka and others defended U.S. [Illinois Democratic Senator]
Sen. Barack Obama's decision to spend a weeklong vacation in the Islands."
... "Obama had another casual day yesterday: Visit his grandmother at her
Makiki apartment again, watch a movie at the Ward Complex theaters and
go to dinner. But his choice of vacation destinations — his hometown of
Honolulu — prompted [Disney TV's] ABC News' Cokie Roberts to twice call
Hawai'i a "foreign" and "exotic" vacation destination for the man who wants
to be president." ... ""I know his grandmother lives in Hawai'i," Roberts
said on ABC's This Week with George Stephanopoulos. "And I know Hawai'i
is a state. But it has the look of him going off to some sort of foreign,
exotic place. He should be in Myrtle Beach if he's going to take a vacation
at this time."" ... "But Akaka didn't see any humor in Roberts' comments."
... ""Saying our 50th state is somehow 'foreign,' does a great disservice
to the hardworking, patriotic Americans who call Hawai'i home," Akaka said.
"For months, people have been asking me, 'When is Sen. Obama going to come
home?' I'm so glad he found time to visit his sister and his grandmother,
and for him and his family to bond and recharge in his home state. Hawai'i
is a great U.S. destination; just ask the 5.5 million Americans who visited
last year for business and pleasure."" ... "Akaka's press secretary, Jesse
Broder Van Dyke, wants Roberts to see firsthand evidence of Hawai'i's history
and its role in the country's future." ... ""I would love to take Ms. Roberts
on a tour of O'ahu, with stops at the Arizona Memorial and Punchbowl, followed
by a visit with Hawai'i Army National Guard soldiers training for their
second deployment to the Middle East," he said. "Then I would take her
to Eastside Grill to watch Team USA women's volleyball and Bryan Clay.
I would introduce her to Hawai'i residents so she could witness our diversity
and learn about the aloha spirit. Part of what makes America great is the
unique contributions of all 50 states. Sen. Obama has every right to come
home and visit his sister and grandmother."" -By Dan
Nakaso -HonoluluAdvertiser.com
_2008
News News Reference August
2008 News
August 10, 2008 News URL: #August-10-2008-News
20080810
Sunday
- China
-
US
-
Britain
-
Manufacturing
- Technology
-
History
"China
to overtake US as largest manufacturer." ... "China
is set to overtake the US next year as the world's largest producer of
manufactured goods, four years earlier than expected, as a result of the
rapidly weakening US economy." ... "The great leap is revealed in forecasts
for the Financial
Times by Global Insight, a US economics consultancy. According
to the estimates, next year China will account for 17 per cent of manufacturing
value-added output of $11,783bn and the US will make 16 per cent." ...
"Last year the US was still easily in the top slot and accounted for a
fifth of the total. China was second with 13.2 per cent." ... "The expected
change will end more than a 100 years of US dominance. It returns China
to a position it occupied, according to economic historians, for some 1,800
years up to about 1840, when Britain became the world's biggest manufacturer
after its Industrial Revolution." (1, 2)
-By Peter Marsh -FT.com
-
John
Edwards -
John
McCain -
Media
- Politics
-
2008
Election -
Obama
-
Family
- People
-
Money
-
History
"Catching
the Wrong John: Why Are the Media Talking about John Edwards' Infidelity
If They Aren't Going to Talk about John McCain's?"
... "If John Edwards' infidelity is news, and he's not a candidate for
anything, why isn't [2008 Election Republican Presidential Candidate] John
McCain's? He reportedly had numerous affairs in the years after returning
home from Vietnam to a beautiful wife who had been disfigured in a car
accident, and ultimately, by his own reports, he zeroed in like a laser
on beautiful a 25-year-old heiress upon meeting her one evening in 1979
while he was still married, promptly lied to her about his age, and almost
as promptly left his wife for her. We all extol John McCain for enduring
5 years of extreme hardship in Vietnam. But aren't his first wife's circumstances
much like Elizabeth Edwards'? After all, the first Mrs. McCain waited in
agony (and presumably fidelity) during those five long years for her beloved
husband to return from Vietnam, raising their children while he was away
and undergoing dozens of painful operations herself, only to be repaid
by a philandering husband who ultimately left her for a younger woman."
... "Now personally, I don't think anybody's sex life has any bearing on
a campaign, except to the extent that the candidate runs as a hypocrite,
extolling family values, fighting gays while fighting his own gay demons,
etc. But John McCain is increasingly making this campaign about character,
and his actions over many years suggest some worrisome patterns that fly
in the face of the entire story he tells about himself. Setting aside his
cheating on his first wife, what about his attending to something other
than the people's business as a member of the Keating Five (and ultimately
contributing to a bailout that cost middle class American taxpayers the
equivalent of nearly half a trillion in 2008 tax dollars -- imagine the
middle class tax break we could offer if we weren't still paying off the
principal and debt on that boondoggle); or hiring the most dishonest, amoral
campaign team money could buy in 2008; or generating one fabricated or
grossly misleading charge after another against [2008 Election Democratic
Presidential Candidate Barack] Obama in the last three weeks (as in his
sleazy new tax ad where, for example, he says Obama would raise taxes on
small businesses when Obama has never proposed anything of the sort)? Like
[Republican] George W. Bush, he doesn't seem like a man who once was lost
but now is found. He [McCain] seems more like a man's whose principles
are soluble in self-interest." -By Drew Westen
-HuffingtonPost.com
_2008
News News Reference August
2008 News
August 9, 2008 News URL: #August-9-2008-News
20080809
Saturday
-
WATCH
-
John
Edwards - People
"John
Edwards ABC Interview: Discusses Affair With Rielle Hunter (VIDEO)."
... "John Edwards appeared on ABC"s Nightline Friday to discuss the revelations
about his affair with Rielle Hunter. During the interview Edwards spoke
about how the relationship began, what drove him to adultery, its effect
on his political future, and whether or not he was the father of Hunter's
child." ... "Read the full
transcript" -HuffingtonPost.com
WATCH:
John Edwards ABC Interview (3 Parts)
_2008
News News Reference August
2008 News
August 8, 2008 News URL: #August-8-2008-News
20080808
Friday
-
John
McCain -
John
Edwards -
Family
- People
-
2008
Election - Politicians
"How
is John McCain's Affair Different than John Edwards'?"
... "We have this weird notion in America now that if a politician is caught
in an affair that his career is done. We seem to be saying that what he
did in his private life effects his policies or how he governs. But we
all know that isn't true. We know that because almost all of our great
presidents, and great leaders throughout history, have had numerous affairs.
Obviously it didn't hurt how they governed at all." ... "Now, we get to
the most relevant question - if [former 2008 Election Democratic Presidential
Candidate] John Edwards' political career is done, why isn't John McCain's?
[2008 Election Republican Presidential Candidate] John McCain had a well-documented
affair on his first wife, with his current wife. He has admitted in the
books he has written about his life that he ran around with several different
women while still married to his first wife. And don't forget that he left
her for a younger, richer woman - multi-millionaire Cindy Hensley who is
now Cindy McCain - after she had been severely hurt in a car accident."
... "So, why are McCain's actions any more excusable than Edwards'? Because
it was thirty years ago? Does that wash it away? Will we be fine with Edwards
running for office again in a couple of years because then it will all
be in the past? What is the statute of limitations on an affair?" ... "Remember
Ronald Reagan, Nancy Reagan and Ross Perot were so upset with how John
McCain dealt with his first wife that they didn't forgive him for a very,
very long time. Perot still hasn't forgiven him. In fact, he said recently
about McCain dumping his first wife for Cindy, "McCain is the classic opportunist.
He's always reaching for attention and glory."" ... "So, I want every pundit
who condemns John Edwards today to tell me what the difference between
him and McCain is and why John McCain shouldn't also be run out of politics
for his adulterous affairs and what he did to his first wife."
-By
Cenk
Uygur -HuffingtonPost.com
-
Elizabeth
Edwards -
John
Edwards -
Family
-
2008
Election - Politics
"Today."
[By Elizabeth Edwards] ... "Our family has been through a lot. Some
caused by nature, some caused by human weakness, and some – most recently
– caused by the desire for sensationalism and profit without any regard
for the human consequences. None of these has been easy. But
we have stood with one another through them all. Although John believes
he should stand alone and take the consequences of his action now, when
the door closes behind him, he has his family waiting for him." ... "John
made a terrible mistake in 2006. The fact that it is a mistake that
many others have made before him did not make it any easier for me to hear
when he told me what he had done. But he did tell me. And we began a long
and painful process in 2006, a process oddly made somewhat easier with
my diagnosis in March of 2007. This was our private matter, and I
frankly wanted it to be private because as painful as it was I did not
want to have to play it out on a public stage as well. Because of
a recent string of hurtful and absurd lies in a tabloid publication, because
of a picture falsely suggesting that John was spending time with a child
it wrongly alleged he had fathered outside our marriage, our private matter
could no longer be wholly private." ... "The pain of the long journey since
2006 was about to be renewed." ... "John has spoken in a long on-camera
interview I hope you watch. Admitting one’s mistakes is a hard thing for
anyone to do, and I am proud of the courage John showed by his honesty
in the face of shame. The toll on our family of news helicopters
over our house and reporters in our driveway is yet unknown. But
now the truth is out, and the repair work that began in 2006 will continue.
I ask that the public, who expressed concern about the harm John’s conduct
has done to us, think also about the real harm that the present voyeurism
does and give me and my family the privacy we need at this time." -By
Elizabeth
Edwards -DailyKos.com
-
John
Edwards -
Elizabeth
Edwards -
North
Carolina - Politics
"Transcript:
John Edwards Interview: Read Selections of Bob Woodruff's
Interview With John Edwards." ... "The following excerpts are from an
interview by ABC News' Bob Woodruff of former [North Carolina Senator]
Sen. John Edwards for ABC News "Nightline" on Aug. 8, 2008." ... "JOHN
EDWARDS: In 2006 2 years ago, I made a very serious mistake. A mistake
that I am responsible for and no one else. In 2006 I told Elizabeth about
the mistake, asked her for her forgiveness, asked God for his forgiveness.
And we have kept this within our family since that time. All of my family
knows about this and just to be absolutely clear, none of them are responsible
for it. I am responsible for it. I alone am responsible for it. And it
led to this most recent incident at the Beverly Hilton. I was at the Beverly
Hilton. I was there for a very simple reason, because I was trying to keep
this mistake that I had made from becoming public." ... "BOB WOODRUFF:
Is this affair completely over?" ... "JOHN EDWARDS: Oh yes, it's
been over for a long time." ... "WOODRUFF: I know this is a very
difficult question, but were you in love with [Rielle Hunter]?" ... "EDWARDS:
I'm in love with one woman. I've been in love with one woman for 31 years.
She is the finest human being I have ever known. And the fact that she
is with me after this having happened is a testament to the kind of woman
and the kind of human being she is. There is a deep and abiding love that
exists between Elizabeth and myself. It's always been there, it in my judgment
has never gone away. " (1, 2,
3,
4)
-ABCNEWS.com
_2008
News News Reference August
2008 News
August 6, 2008 News URL: #August-6-2008-News
20080806
Wednesday
-
John
McCain - Oil
-
Politics
-
Military
-
2008
Election -
Arizona
-
Calif
-
Fla- US
-
Iraq
-
International
"Bundler
Collects From Unlikely Donors." ... "The bundle of
$2,300 and $4,600 checks that poured into [2008 Election Republican Presidential
Candidate and Arizona Senator] Sen. John McCain's presidential campaign
on March 12 came from an unlikely group of California donors: a mechanic
from D&D Auto Repair in Whittier [California], the manager of Rite
Aid Pharmacy No. 5727, the 30-something owners of the Twilight Hookah Lounge
in Fullerton [California]." ... "But the man who gathered checks from them
is no stranger to McCain -- he shuttled the Republican on his private plane
and held a fundraising event for the candidate at his house in Delray Beach,
Fla [Florida]." ... "Harry Sargeant III, a former naval officer and the
owner of an oil-trading company that recently inked defense contracts potentially
worth more than $1 billion, is the archetype of a modern presidential money
man." ... "Some of the most prolific givers in Sargeant's network live
in modest homes in Southern California's Inland Empire. Most had never
given a political contribution before being contacted by Sargeant or his
associates. Most said they have never voiced much interest in politics.
And in several instances, they had never registered to vote. And yet, records
show, some families have ponied up as much as $18,400 for various candidates
between December and March." ... "Both Sargeant and the donors were vague
when asked to explain how Sargeant persuaded them to give away so much
money." ... "His firm, International Oil Trading Co. (IOTC), holds several
lucrative contracts with the Defense Department to carry fuel to the U.S.
military in Iraq." ... "The work has not been without controversy. Last
month, [California Democratic Representative] Rep. Henry A. Waxman (D-Calif.
[Democratic-California]) initiated a review of IOTC's contract to determine
whether it was overcharging the military for jet fuel, and to learn how
the company, which did not submit the lowest bid, landed the contract to
supply the fuel." (1, 2)
-By Matthew Mosk with contributions by Ashley Surdin,
Lucy Shackelford, Alice Crites and Julie Tate-WashingtonPost
-
Barack
Obama -
John
McCain - Oil
-
Companies
-
Politics
-
2008
Election -
Ohio
-
Arizona
- Working
-
Families
"Energy
wars continue on trail." ... "In Youngstown [Ohio],
[2008 Election Democratic Presidential Candidate Barack] Obama said that
[2008 Election Republican Presidential Candidate John] McCain has "proposed
an energy plan that’s nothing but four years more of the same," and that
helps oil companies and not consumers, according to excerpts provided by
the Obama campaign." ... "Obama says that "under [Arizona] Senator McCain’s
plan, the oil companies get billions more, we don’t pay any less at the
pump, and we stay in the same cycle of dependence on oil that got us into
this crisis. The oil companies have placed their bet on Senator McCain,
and if he wins, they will continue to cash in while our families and our
economy suffer and our future is put in jeopardy.That’s the choice we face
in this election. We can choose four years more of the same failed policies
that have gotten us where we are. Four years more of oil companies calling
the shots while hard working families are struggling. That’s what Senator
McCain is offering."" ... "Obama then promotes his own plan for alternative
energy and green-collar jobs." ... "Trying to reinforce Obama's point about
McCain't ties to Big Oil, the Democratic National Committee posted a web
video that shows McCain as a puppet whose strings are being pulled by oil
company lobbyists." ... ""Big Oil in the White House. We've seen this show
before," the video concludes. " -By Foon Rhee
-Boston/Globe
WATCH:
McCain Oil Industry Lobbyists Puppet Masters ad
-
Hillary
Rodham Clinton -
Dick
Cheney -
Halliburton
KBR -
Blackwater
- Corporate
-
Government
-
Disaster
- Politics
-
Military
- Peoples
-
Health
-
Investigators
-
Hurricane
Katrina -
Housing
- US
-
Iraq
-
Cayman
Islands
"No
Crisis Is Immune From Exploitation Under Bush." ...
[By
HILLARY RODHAM CLINTON:] "Tucked away on the Cayman Islands sits Ugland
House, an unassuming, nondescript building of modest scale and size. However,
according to a recent report by the Government Accountability Office (GAO),
this five-story office building is home to more than 18,000 corporate entities,
nearly half of which have U.S. [United States] ties." ... "In the past
few years, the number of corporations flocking to places like the Cayman
Islands to evade U.S. taxes has exploded. One of these companies, [Republican
Vice President Dick Cheney's] former Halliburton subsidiary KBR, has used
offshore tax havens to avoid paying hundreds of millions of dollars in
federal taxes. To no one's surprise, instead of cracking down on KBR, the
[Republican President] Bush administration has rewarded the company in
April of this year with a 10-year, $150 billion contract in Iraq." ...
"There appears to be no crisis, tragedy or disaster immune from exploitation
under the Bush administration. The examples of the waste, fraud and abuse
are legion -- from KBR performing shoddy electrical work in Iraq that has
resulted in the electrocution of our military personnel according to Pentagon
and Congressional investigators, to the firing of an Army official who
dared to refuse a $1 billion payout for questionable charges to the same
company. In another scam, the Pentagon awarded a $300 million contract
to AEY, Inc. [Incorporated], a company run by a 22-year-old who fulfilled
an ammunition deal in Afghanistan by supplying rotting Chinese-made munitions
to our allies." ... "But the fraud and waste are not limited to the war.
In the weeks after Hurricane Katrina, for example, FEMA [Federal Emergency
Management Agency] awarded a contract worth more than $500 million for
trailers to serve as temporary housing. The contractor, Gulf Stream, collected
all of its money even though they knew at the time that its trailers were
contaminated with formaldehyde." ... "While touting fiscal responsibility,
[Republican] President Bush and his administration have lined the pockets
of political cronies like Halliburton and Blackwater. While calling for
earmark reform, the president has allowed no-bid and questionable contracting
throughout the federal government to dwarf earmark spending by a 10-to-1
ratio." -By Hillary Rodham Clinton
-WSJ.com
-
Hacking
- Business
-
Computer
-
Consumer
-
Data
-
Identity
Theft - Privacy
-
US
-
Ukraine
-China
"Theft
ring accused of hacking 41 million credit card numbers."
... "Eleven people, including a U.S. [United States] Secret Service informant,
have been charged in connection with the hacking of nine major retailers
and the theft and sale of more than 41 million credit- and debit-card numbers,
the Justice Department announced Tuesday." ... "The data breach is believed
to be the largest hacking and identity-theft case ever prosecuted by the
Department of Justice, which said the suspects were charged with conspiracy,
computer intrusion, fraud and identity theft." ... "Three of those charged
are U.S. citizens, while the others are from places such as Estonia, Ukraine,
Belarus and China." -StarTribune
_2008
News News Reference August
2008 News
August 5, 2008 News URL: #August-5-2008-News
20080805
Tuesday
-
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
-
John
McCain - Oil
-
Politics
-
2008
Election -
NY
"Did
New York couple give $61,600 to McCain, GOP?" ...
"Alice Rocchio is an office manager at the New York headquarters of the
Hess Corp. [Corporation], drives a 1993 Chevy Cavalier and lives in an
apartment in Queens, N.Y. [New York], with her husband, Pasquale, an Amtrak
foreman." ... "Despite what appears to be a middle-class lifestyle, the
couple has written $61,600 in checks to John McCain's presidential campaign
and the Republican National Committee, most of it within days of McCain's
decision to endorse offshore oil drilling." ... "At a June fundraiser,
the Rocchios joined top executives at Hess Corp. — Chairman and Chief Executive
Officer John Hess, his wife, Susan, his mother, Norma Hess, and six other
officials in giving a total of $313,500 to a joint McCain-RNC fundraising
committee, Federal Election Commission records show." ... "The donations,
first traced by Campaign Money Watch last week, were part of $1.2 million
in oil industry contributions to McCain's Victory '08 Committee, 73 percent
coming after McCain reversed his long-held opposition to offshore oil drilling."
-ByGreg Gordon
-McClatchyDC.com
CampaignMoney.org/mccainoil
-
Dick
Cheney - US
-
Iraq
-
Military
- Intelligence
-
Terrorism
-
Politics
-
History
-
Book
"Did
White House fake link between Saddam and Al Qaeda?"
... "First, former CIA [Central Intelligence Agency] Director George Tenet
told the president it was a "slam dunk" that Iraq had weapons of mass destruction.
Then came efforts by the [Republican President] Bush White House to discredit
critics, like ambassador Joe Wilson, who questioned the wisdom of going
to war in Iraq." ... "Now comes a new book by author Ron Suskind claiming
that the [Republican President Bush] White House ordered the CIA to forge
and backdate a handwritten letter from the head of Iraqi intelligence to
Saddam Hussein to link the Iraq regime to Al Qaeda. The White House calls
the assertion nonsense." ... "In “The Way of the World,” to be published
today, Suskind writes:"
"The White House had concocted a fake letter from Habbush to Saddam, backdated to July 1, 2001. It said that 9/11 ringleader Mohammad Atta had actually trained for his mission in Iraq –- thus showing, finally, that there was an operational link between Saddam and al Qaeda, something the vice president’s office [Republican Dick Cheney] had been pressing CIA to prove since 9/11 as a justification to invade Iraq. There is no link.""Suskind says the order to forge such a letter was written on “creamy White House stationery” but gives no details about how it was created or how it was delivered to Iraq." -By Johanna Neuman -LAtimes
-
Political
-
Terrorism
-
Intelligence
-
Crime
-
Noteworthy
-
Government
- Law
-
US
-
Iraq
-
Military
- History
-
Journalist
"Author
claims White House knew Iraq had no WMD: Journalist
Ron Suskind says [Republican President] Bush ordered forgery linking Saddam,
al-Qaeda." ... "President Bush committed an impeachable offense by ordering
the CIA [Central Intelligence Agency] to to manufacture a false pretense
for the Iraq war in the form of a backdated, handwritten document linking
Saddam Hussein and al-Qaeda, an explosive new book claims." ... "The charge
is made in “The Way of the World: A Story of Truth and Hope in an Age of
Extremism” by Pulitzer Prize-winning journalist Ron Suskind, released today."
... "Suskind says he spoke on the record with U.S. [United States] intelligence
officials who stated that Bush was informed unequivocally in January 2003
that Saddam had no weapons of mass destruction. Nonetheless, his book relates,
Bush decided to invade Iraq three months later — with the forged letter
from the head of Iraqi intelligence to Saddam bolstering the U.S. [United
States] rationale to go into war." ... "“It was a dark day for the CIA,”
Suskind told TODAY co-host Meredith Vieira on Tuesday. “It was the kind
of thing where [the CIA] said, ‘Look, this is not our charge. We’re not
here to carry forth a political mandate — which is clearly what this was
— to solve a political problem in America.’ And it was a cause of great
grievance inside of the agency.”" ... "The author writes that Bush’s action
is “one of the greatest lies in modern American political history” and
suggests it is a crime of greater impact than Watergate." ... "The letter"
... "On page 371 of “The Way of the World,” Suskind describes the [Republican
President Bush's] White House’s concoction of a forged letter purportedly
from the hand of [Iraqi intelligence chief Tahir Jalil] Habbush to Saddam
Hussein to justify the United States’ decision to go to war." ... "CIA
officers [Bob] Richer and John Maguire, who oversaw the Iraq Operations
Group, are both on the record in Suskind’s book confirming the existence
of the fake Habbush letter." -By Bob Considine
-MSNBC
WATCH:
Ron Suskind interview on TODAY show.
-
Government
- Intelligence
-
Secretly
-
Marketing
-
Media
-
Opinion
-
Noteworthy
-
Military
- Terrorism
-
Political
-
History
-
Book
-
US
-
Iraq
"Book
says White House ordered forgery." ... "A new book
by the author Ron Suskind claims that the White House ordered the CIA [Central
Intelligence Agency] to forge a back-dated, handwritten letter from the
head of Iraqi intelligence to Saddam Hussein." ... "Suskind writes in “The
Way of the World,” to be published Tuesday, that the alleged forgery –
adamantly denied by the White House – was designed to portray a false link
between Hussein’s regime and al Qaeda as a justification for the Iraq war."
... "Suskind writes in his new book that the order to create the letter
was written on “creamy White House stationery.” The book suggests that
the letter was subsequently created by the CIA and delivered to Iraq, but
does not say how." ... "The author claims that such an operation, part
of “false pretenses” for war, would apparently constitute illegal White
House use of the CIA to influence a domestic audience, an arguably impeachable
offense." ... "Suskind writes that the White House had “ignored the Iraq
intelligence chief’s accurate disclosure that there were no weapons of
mass destruction in Iraq – intelligence they received in plenty of time
to stop an invasion." ... "“They secretly resettled him in Jordan, paid
him $5 million – which one could argue was hush money – and then used his
captive status to help deceive the world about one of the era’s most crushing
truths: that America had gone to war under false pretenses,” the book says."
... "Suskind writes that the forgery “operation created by the White House
and passed to the CIA seems inconsistent with” a statute saying the CIA
may not conduct covert operations “intended to influence United States
political processes, public opinion, policies or media.”" ... "“It is not
the sort of offense, such as assault or burglary, that carries specific
penalties, for example, a fine or jail time,” Suskind writes. “It is much
broader than that. It pertains to the White House’s knowingly misusing
an arm of government, the sort of thing generally taken up in impeachment
proceedings.”" -By Mike Allen
-Politico.com
-
John
McCain - Oil
-
Money
-
Politics
-
2008
Election -
New
York
-
Texas
-
Ocean
- Environment
"Oilman
greases skids for McCain campaign: Among the donors
from John B. Hess' company are an office manager and her husband, who pony
up $57,000." ... "On June 10, John B. Hess, a top executive at the oil
company with his family name, summoned friends to the 21 Club, a former
speakeasy in Manhattan [New York], and delivered $285,000 to [2008 Election
Republican Presidential Candidate] John McCain and the Republican National
Committee." ... "A week later, McCain traveled to Texas and announced his
support for offshore oil drilling." ... "Hess Corp. is an East Coast gasoline
retailer with major refining and exploration operations, some of which
happen to be offshore in the Gulf of Mexico." ... "Hess was one of half
a dozen hosts who tapped friends for the maximum $28,500 donation to the
GOP. Others included investor Henry Kravis and hedge fund mogul Paul E.
Singer." -By Dan Morain
-LAtimes
_2008
News News Reference August
2008 News
August 4, 2008 News URL: #August-4-2008-News
20080804
Monday
-
Housing
- Market
-
US_Debt
-
McCain
- Politics
-
Government
-
Arizona
-
2008
Election -
Consumer
- Jobs
"The
Housing Market's Double Bubble: The Big One Still Has Yet To Pop."
... "Look what the Republicans have done to our economy by following their
core "trickle down" economic ideology, which really means borrow and spend.
They have run up a massive debt which combined with no oversight, a near
total removal of regulations on corporate conduct, and watched and let
Neil
Bush run a savings and loan (oh, sorry, that was that other
[Republican] Bush presidency -- when
S&L owners and Republican campaign contributors robbed us blind
and bribed Senators like [Arizona Senator and 2008 Election Republican
Presdential Candidate] John McCain and then got a massive government bailout.)"
... "We have all been hearing a lot about housing prices falling, and about
the effect housing prices have on the economy. The impact to date, while
real, is actually overstated. Why? Well, housing markets and their impact
are the turtle of economics, they happen very very slowly. Prices have
to fall and people have to sell, when they sell they, if they get less
than they expected, may not spend as much as they would have if they had
reaped a huge profit." ... "Unquestionably the economy is slowing. Consumer
debt is massive, companies are cutting jobs, inflation is rising, unemployment
is a full percentage point ABOVE where it was a year ago, and with a work
force of 200 million plus, that's 2,000,000 newly unemployed Americans."
... "Slowing economies manifest themselves in many ways. But the most
prominent is in the corresponding fall in housing prices. In every
modern recession, the fall in housing prices follows the economy
slowing down. What we have yet to see is the falling economy's effect
on housing prices. So if you think prices have already dropped, and
might even be reaching a bottom, we think it's the other way around: prices
are
about to start dropping. " -By
Dave Johnson and James Boyce -HuffingtonPost.com
-
Employers
"Looming
job cuts march on - report: The number of job cuts
announced in July jumps 26%." ... "Challenger, Gray & Christmas, an
outplacement consultancy firm, said Monday that planned job cuts announced
by employers in July jumped 26% to 103,312 from 81,755 announced in June.
That's up 141% from a year ago, when employers announced planned job cuts
totaling 42,897." ... "The July figure marks the second-highest number
of planned job cuts this year, rivaling the May reading that showed 103,522."
... "The Challenger report follows a Labor Department report Friday that
showed the nation's unemployment rate climbing to a four-year high of 5.7%.
It was the worst reading since March 2004, and slightly worse than economists'
forecast of 5.6%." -By Ben Rooney
-CNN
-
Money
-
Gasoline
-
Unemployment
"U.S.
Economy: Inflation Erodes Buying Power, Tax-Rebate Effects."
... "The biggest increase in prices in almost three years eroded consumers'
buying power, reinforcing speculation the Federal Reserve won't raise interest
rates in the face of faster inflation and slow growth." ... "Consumer inflation
in June climbed 0.8 percent, the most since September 2005, the Commerce
Department said today in Washington. Spending increased 0.6 percent, more
than forecast, compared with a gain of 0.8 percent the prior month. Price
jumps in petroleum and chemicals also swelled the value of orders to American
factories in June." ... "Tax rebates from $168 billion in fiscal stimulus
will provide only a temporary boost for Americans facing $4 a gallon gasoline
and unemployment at the highest level since 2004. Fed officials, meeting
tomorrow, must find a way to acknowledge the risk of accelerating inflation
without signaling a rate increase that would worsen the economic slowdown,
economists said." ... "The Fed's preferred gauge of prices, which excludes
food and fuel, climbed 0.3 percent, more than economists forecast." -By
Bob Willis and Shobhana Chandra -Bloomberg
-
US_Debt
-
Government
- Money
-
Countrywide
Financial Corporation -
Real
Estate -
North
Carolina -
New
York
-US
-
United
Kingdom
"Fewest
Treasury Traders Since 1960 Hit Taxpayers (Update4)."
... "For the first time since 1960, when it created the network of securities
firms obligated to buy and sell Treasury bonds, the U.S. government has
the fewest bond traders making markets in its debt and a bigger burden
for American taxpayers financing record federal deficits."
... "The number of so-called primary government securities dealers declined
to 19 last month when Bank of America Corp., based in Charlotte, North
Carolina, acquired the troubled Countrywide Financial Corp. The sale was
the climax of dozens of bank failures, triggered by the biggest decline
in residential real estate since the Great Depression and the seizing up
of credit markets from New York to London [United Kingdom's capital]. The
Federal Reserve Bank of New York, the agent of the U.S. Treasury, plans
to shrink the dealers again when JPMorgan
Chase & Co. completes its takeover of Bear Stearns Cos." ...
"The paucity of primary dealers coincides with the largest borrowing requirement
in American history and the acknowledgment by the administration of [Republican]
President George W. Bush that the U.S. will finance a budget deficit totaling
a record $482 billion next year. When the dealer system began 48 years
ago with 18 firms, the U.S. had a $300 million surplus. The group has shrunk
from a peak of 46 in 1988. " -By Sandra Hernandez
-Bloomberg
August 2008 News
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