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