Monday, December 08, 2008
Wall Street extends big rally to 2nd session - Huff Post
Wall Street extends big rally to 2nd session: “NEW YORK — A stock market gaining in confidence shot higher for a second straight session Monday as investors bet that President-elect Barack Obama's plans to increase infrastructure spending will help lift the economy back to health. The major market indexes jumped more than 3 percent, and the Dow Jones industrials' nearly 300 point advance gave the blue chips their highest close in a month.”
John J. Mack - Merrill Lynch Chief Fighting For Bigger 2008 Bonus
Merrill Lynch Chief Fighting For Bigger 2008 BonusAnd I say yhat John J. Mack should not get one and in the middle of the economic collapse? Wow.
Media Matters - Hannity and Bennett excoriated Obama over views shared by prominent Republicans
Media Matters - Hannity and Bennett excoriated Obama over views shared by prominent Republicans: “Summary: Sean Hannity falsely asserted that President-elect Barack Obama "talked about in the campaign cutting tens of millions of dollars in defense spending" when, in fact, Obama said he would cut "tens of billions of dollars in wasteful spending." Hannity also asserted that Obama said "[h]e's not gonna weaponize space, slow development of Future Combat Systems" and that he would "set a goal of a world without nuclear weapons" without noting that former Republican presidential nominee Sen. John McCain and other prominent GOP figures have advocated similar positions.”
-- I'm not a Sean Hannity fan at all.
-- I'm not a Sean Hannity fan at all.
Tribune Company Files For Bankruptcy - CNNMoney.com
The CNN Wire: Latest updates on top stories - Blogs from CNN.com: “By David Goldman
CNNMoney.com
NEW YORK (CNNMoney.com) — Media conglomerate Tribune Co., publisher of the Chicago Tribune, announced Monday it is filing for Chapter 11 bankruptcy protection.
The Chicago-based company said the restructuring focuses on the company’s debt, not on its operations. The company said its businesses will remain in operation throughout the restructuring of its debt obligations.”
CNNMoney.com
NEW YORK (CNNMoney.com) — Media conglomerate Tribune Co., publisher of the Chicago Tribune, announced Monday it is filing for Chapter 11 bankruptcy protection.
The Chicago-based company said the restructuring focuses on the company’s debt, not on its operations. The company said its businesses will remain in operation throughout the restructuring of its debt obligations.”
Al Jazeera English - CENTRAL/S. ASIA - Pakistan 'arrests Mumbai suspects'
Al Jazeera English - CENTRAL/S. ASIA - Pakistan 'arrests Mumbai suspects': “A number of people have been arrested after Pakistani forces raided a camp said to be used by a group India blames for the co-ordinated attacks on Mumbai, according to intelligence officials.
Witnesses said the raid was carried out on Sunday, close to the town of Muzaffarabad in the Pakistani-controlled territory of the divided Kashmir region.
It would be the first in response to the attacks, which Indian officials say were carried out by Lashkar-e-Taiba, an outlawed Pakistani group.”
--- Really? How do they know they got the right people? Hopefully their intelligence is reliable.
Witnesses said the raid was carried out on Sunday, close to the town of Muzaffarabad in the Pakistani-controlled territory of the divided Kashmir region.
It would be the first in response to the attacks, which Indian officials say were carried out by Lashkar-e-Taiba, an outlawed Pakistani group.”
--- Really? How do they know they got the right people? Hopefully their intelligence is reliable.
Al Jazeera English - Europe - Renewed violence erupts in Greece
Al Jazeera English - Europe - Renewed violence erupts in Greece: “Protesters have set fire to a major department store in central Athens and torched the city's giant Christmas tree outside parliament as anti-government demonstrations continued over the shooting of a 15-year-old boy.”
The U.S. Supreme Court won't review Obama's eligibility to serve - Yahoo! News
Court won't review Obama's eligibility to serve - Yahoo! News: “WASHINGTON – The Supreme Court has turned down an emergency appeal from a New Jersey man who says President-elect Barack Obama is ineligible to be president because he was a British subject at birth.
The court did not comment on its order Monday rejecting the call by Leo Donofrio of East Brunswick, N.J., to intervene in the presidential election. Donofrio says that since Obama had dual nationality at birth — his mother was American and his Kenyan father at the time was a British subject — he cannot possibly be a "natural born citizen," one of the requirements the Constitution lists for eligibility to be president.”
--- The last right-wing-nut Obama attack rejected! Now we can get on with the matter of improving this economy.
The court did not comment on its order Monday rejecting the call by Leo Donofrio of East Brunswick, N.J., to intervene in the presidential election. Donofrio says that since Obama had dual nationality at birth — his mother was American and his Kenyan father at the time was a British subject — he cannot possibly be a "natural born citizen," one of the requirements the Constitution lists for eligibility to be president.”
--- The last right-wing-nut Obama attack rejected! Now we can get on with the matter of improving this economy.
Lynne Johnson - Palo Alto Police Chief Resigns Amid Accusations of Racial Profiling : Indybay
Palo Alto Police Chief Resigns Amid Accusations of Racial Profiling : Indybay: “On November 20, the City of Palo Alto announced that its controversial police chief will retire on December 19. Chief Lynne Johnson sparked protests and a November 9 march on the city when she stated that she had instructed officers on her force to make "consensual contact" with African American men to counter a crime spike in Palo Alto.
Her remarks were quoted in news reports worldwide and the topic of racial profiling became a much discussed issue at subsequent city council meetings. Some city officials took the opportunity to acknowledge that racial profiling exists and must be combatted, while others took the stance that the police chief "merely misspoke".
Although the police chief made several attempts at apologizing, many residents of the city and surrounding communities were left wondering why she directed her officers to look for African Americans with do-rags when victims of a 5-month city-wide crime spree had variously described suspects as being of African American, Pacific Islander, Latino or white descent. ”
Although the police chief made several attempts at apologizing, many residents of the city and surrounding communities were left wondering why she directed her officers to look for African Americans with do-rags when victims of a 5-month city-wide crime spree had variously described suspects as being of African American, Pacific Islander, Latino or white descent. ”
Yusuf Bey IV - New piece of Chauncey Bailey slaying puzzle surfaces
New piece of Bailey slaying puzzle surfaces: “The leader of Your Black Muslim Bakery expressed satisfaction on the morning Chauncey Bailey was killed, saying the journalist got what he deserved for taking on the troubled organization in his reporting, a bakery member told Oakland police in a recently discovered account given the day after the slaying.
Bakery leader Yusuf Bey IV summoned the woman to watch a TV news story about three hours after Bailey, 57, was gunned down on his way to work on Aug. 2, 2007, she told homicide investigators. As they watched the report on the Oakland Post editor's slaying, Bey told her, "That will teach 'em to f- with me," she said.
The woman worked at the bakery headquarters on San Pablo Avenue in Oakland and stayed in Bey's room there the night before Bailey was killed, she said. The Chronicle obtained a tape of her account and police notes of her interview, but is not naming her at the request of authorities who say her safety could be threatened.”
... More good work by the Chauncey Bailey Project.
Bakery leader Yusuf Bey IV summoned the woman to watch a TV news story about three hours after Bailey, 57, was gunned down on his way to work on Aug. 2, 2007, she told homicide investigators. As they watched the report on the Oakland Post editor's slaying, Bey told her, "That will teach 'em to f- with me," she said.
The woman worked at the bakery headquarters on San Pablo Avenue in Oakland and stayed in Bey's room there the night before Bailey was killed, she said. The Chronicle obtained a tape of her account and police notes of her interview, but is not naming her at the request of authorities who say her safety could be threatened.”
... More good work by the Chauncey Bailey Project.
Outside Pressure Grows for GM to Oust Wagoner - WSJ.com
Outside Pressure Grows for GM to Oust Wagoner - WSJ.com: “DETROIT -- General Motors Corp. Chairman and Chief Executive Rick Wagoner is coming under increasing pressure from outside the company to resign as part of any broad bailout of the auto maker by the federal government.
On Sunday, Sen. Christopher Dodd (D., Conn.), a supporter of emergency loans for Detroit, suggested Mr. Wagoner should go if the government follows through and provides billions of dollars to help the auto giant restructure and return to profitability.”
On Sunday, Sen. Christopher Dodd (D., Conn.), a supporter of emergency loans for Detroit, suggested Mr. Wagoner should go if the government follows through and provides billions of dollars to help the auto giant restructure and return to profitability.”
Obama Preserves Political Capital for Stimulus Plan - WSJ.com
Obama Preserves Political Capital for Stimulus Plan - WSJ.com: “WASHINGTON -- Barack Obama's transition team is resisting Bush administration overtures to coordinate more on the financial-sector rescue, convinced that neither the lame-duck President George W. Bush nor the president-elect has the clout to win a smooth congressional release of more bailout funds.
With the first $350 billion of the bailout money nearly allocated, transition aides are pressing Treasury officials to convene a bipartisan meeting on Capitol Hill this week. Obama aides say the Treasury needs to sound out congressional leaders and rank-and-file lawmakers on what information they need to release the second, $350 billion tranche from the government's Troubled Asset Relief Program, or TARP.”
With the first $350 billion of the bailout money nearly allocated, transition aides are pressing Treasury officials to convene a bipartisan meeting on Capitol Hill this week. Obama aides say the Treasury needs to sound out congressional leaders and rank-and-file lawmakers on what information they need to release the second, $350 billion tranche from the government's Troubled Asset Relief Program, or TARP.”
Barack Obama On Meet The Press - The Activist President-Elect
President-Elect Barack Obama appeared on the last "Meet The Press" hosted by Tom Brokaw who filed-in masterfully to take the place of Tim Russert after Russert's untimely death earlier this year. On the telecast, Obama presented a plan which can be summed-up as the "Activist President." The convergence of economic problems and President Bush's horrible performance has paved the way for an economically aggressive agenda by Obama that's the child of necessity. Even the most conservative economists agree that a large degree of spending must be done to lift the American Economy.
Thus, Obama talked to Brokaw about the need for such a program and then gave a statement that while he has been a critic of the American Car Industry, it's basically too large to allow to fail, so some kind of managed assistance program will be created for it.
Then, in discussing what plans he and First Lady Michelle Obama have for the White House, Obama said that it was "The People's House" and they planned to celebrate American arts and culture in all of its diversity, even mentioning poetry readings. I personally took Obama to mean that poetry slams, or at least one, would be part of this program. That's huge news if it's true and I don't see why it would not be. Poetry slams are an American-borne art form and the new expression of American urban culture. Since it was reportedly created in Chicago around the time Obama lived there, it's logical to believe the Obamas would introduce the White House to the sub-culture, and vice-versa.
What's so exciting is we finally have a President who reflects the diversity of America and not a part of it. Americans have come to think of the Presidency as the harvest for the rich, White staid upper-crust society and have done so without critical thinking. Obama has forced America to rethink how it's presented itself; now we see a country truly by all the people and for all the people emerging.
Barack Obama is committed to restoring the healthy American Middle Class of the 60s, but to do that will require not only a massive economic package but a return to a kind of economic nationalism not seen in two generations. It's time has come, because our G8 and G20 partners have formed economic programs around a nationalist perspective and it's wrecked America's economy.
NFL Game Center: Game Recap - Washington Redskins at Baltimore Ravens - 2008 14
NFL Game Center: Game Recap - Washington Redskins at Baltimore Ravens - 2008 14: “BALTIMORE -- If the Washington Redskins are fortunate, it might be another four years before they have to face the Baltimore Ravens again.
Reed set up a touchdown with an interception and scored on a 22-yard fumble return, part of a stifling effort by the Baltimore defense in a 24-10 victory Sunday night.”
Reed set up a touchdown with an interception and scored on a 22-yard fumble return, part of a stifling effort by the Baltimore defense in a 24-10 victory Sunday night.”
NFL Game Center: Game Recap - Cincinnati Bengals at Indianapolis Colts - 2008 14
NFL Game Center: Game Recap - Cincinnati Bengals at Indianapolis Colts - 2008 14: “INDIANAPOLIS -- Colts cornerback Kelvin Hayden had a perfect read on the Cincinnati Bengals.
Peyton Manning apparently was doing his homework, too.
Manning threw for three scores Sunday and Hayden returned an interception for a touchdown, leading the Colts to their most lopsided win of the season, 35-3.”
Peyton Manning apparently was doing his homework, too.
Manning threw for three scores Sunday and Hayden returned an interception for a touchdown, leading the Colts to their most lopsided win of the season, 35-3.”
NFL Game Center: Post Game - St. Louis Rams at Arizona Cardinals - 2008 Week 14
NFL Game Center: Post Game - St. Louis Rams at Arizona Cardinals - 2008 Week 14 Cardinals clinch the NFC West division with win over the rival Rams.
NFL Game Center: Game Recap - Philadelphia Eagles at New York Giants - 2008 14
NFL Game Center: Game Recap - Philadelphia Eagles at New York Giants - 2008 14 Eagles win game, 20 to 14, but Giants get division title anyway.
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