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.

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.”

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.

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.”

London to host major American sports league by 2011

London to host major American sports league by 2011

Super Bowl and The Economy - In a recession, even the Super Bowl takes a hit

FOX Sports on MSN - NFL - In a recession, even the Super Bowl takes a hit

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.

Chevron eyes higher production of ethanol-blended fuel - BusinessWorld Online:

BusinessWorld Online: Chevron eyes higher production of ethanol-blended fuel

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. ”

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.