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Musharraf imposes state of emergency
Today's Headlines
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-Short Attention Span Theater-
Britney's Bills Show She's the Breadwinner
Did we need court documents to tell us Britney Spears made more money than Kevin Federline last year? Maybe not, but the papers that prove it were made public Thursday.

According to financial declarations pertaining to the estranged exes' ongoing custody battle, Federline earned more than $500,000 in 2006, including $3,300 in royalties for "PopoZão." But after factoring in his business and monthly personal expenses, including $7,500 for rent, $6,000 for security, $5,000 for "entertainment, gifts and vacation," $2,000 per month for clothes, etc., he only made a profit of $7,436. Thank goodness for the $35,000 he was getting from Spears each month, $15,000 for child support and $20,000 for spousal support.

The spousal portion of the arrangement is due to expire on Nov. 15, but because Federline currently has full custody of sons Sean Preston, 2, and Jayden James, 1, Spears' monthly child support payment could increase. And K-Fed is entitled to child support until the kids are adults because Spears is the main breadwinner.

Meanwhile, Spears is banking about $737,000 a month. Once again, that could change, considering she's well on her way to having her first number one album in four years, thanks to her surprisingly rock-solid fan base. Among the pop princess' monthly expenses were $102,000 for entertainment, gifts and vacation; $49,267 for mörtgage payments; $16,000 for clothes (she should get her money back for her VMA getup); and $4,758 for eating out. That is a lot of Taco Bell.
But look at all the money she saves on underwear...
Consider that mortgage payment. An 8% loan on a big house would be generous. I figure a 15 year note; no one thinks Brit's going to be making money when she's 55. If that 49K number is principal and interest, the home(s) has a mortgage of about $5.15 million. Not bad for a pop tart ...
Also confirmed via court documents released Thursday is that Spears lost custody of her sons on Oct. 1 because she had been ordered to refrain from chauffeuring the boys around unless she was properly insured and had a valid California license. She was photographed a few days later doing exactly not that while driving in Malibu.

Spears finally completed the licensing process at the Van Nuys Department of Motor Vehicles on Oct. 2. She has since been granted supervised visits with her children, had those privileges suspended, had them reinstated, and has rallied to regain joint custody. That last request was denied Tuesday, as was her petition to "terminate or modify" the court order that requires her to submit to random drug testing twice a week. As it stands, Spears can see her children three times a week, including one overnight visit. All their time together must be supervised.

And if enough wasn't plaguing Spears right now, her ex-manager sued her on Monday in a Florida court for allegedly not following through with her agreement to pay him commissions until February 2008, despite the fact that they haven't worked together since she was In the Zone. Johnny Wright, whose Wright Entertainment Group counted Spears as a client up until February 2003, alleges Spears hasn't paid him his rightful share of her pop-star earnings since December 2006, according to TMZ. The lawsuit states that WEG tried to work with Spears' other reps after they parted ways, but that the troubled singer's erratic behavior made that difficult.
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [4 views] Top|| File under:

#1  Must be LOVE - D *** NG IT, and ANN COULTER has reportedly been banned by Chris Matthews.
Posted by: JosephMendiola || 11/03/2007 1:15 Comments || Top||

#2  That federline could earn half a million dollars for doing nothing buggers the imagination...
Posted by: M. Murcek || 11/03/2007 9:52 Comments || Top||

#3  sad to say, but Fed-ex is apparently the only "responsible" parent in this trainwreck
Posted by: Frank G || 11/03/2007 10:49 Comments || Top||

#4  As a feminist, I applaud equal treatment of both parents in this sort of thing. CEO wives should be recognized as a part of their husbands' success and K-fed should be ... um ... well, hard to say.

Other than that the kid is gonna need some expensive therapy along the way.
Posted by: lotp || 11/03/2007 11:06 Comments || Top||

#5  Remember when we all had a good laugh about her getting married to some guy from her home town for a day?

Upon reflecting, it turns out that the decision to marry him was the last good decision she made and divorcing him was just the first in a long line of bad ones from that point on. The best thing that could have happened to her was moving back to her home town and getting away from Hollywood permanently.

I'm no shrink, but I suspect that somewhere in her brain, she knew that it would have been best for her and that's why she did it.
Posted by: Mike N. || 11/03/2007 11:16 Comments || Top||

#6  Hollyweird - the opiate of the shallow and egocentric, where the big chunks generally float to the top.

"You unlock this door with the key of imagination. Beyond it is another dimension. A dimension of sound. A dimension of sight. A dimension of mind. You're moving into a land of both style and substance of things and ideas. You've just crossed over into the Twilight Zone". Cue music.
Posted by: Procopius2k || 11/03/2007 13:37 Comments || Top||


-Signs, Portents, and the Weather-
Hundreds of thousands flee Mexico floods
Posted by: lotp || 11/03/2007 00:00 || Comments || Link || [0 views] Top|| File under:

#1  Lotsa rain in Texas. Head south.
Posted by: Nimble Spemble || 11/03/2007 3:07 Comments || Top||

#2  If Villahermosa were within walking distance of the US border, we'd have some problems. I doubt they will, but it's something the donks in Washington should be giving some thought to I suspect.
Posted by: Besoeker || 11/03/2007 4:52 Comments || Top||

#3  Things aren't so hot in Tabasco these days.
Posted by: Zenster || 11/03/2007 7:35 Comments || Top||

#4  I think they already fled to Texas, New Mexico, Arizona, and other parts of the US "in anticipation" of the great floods. Sometime during the last few years or so.
Posted by: JohnQC || 11/03/2007 10:16 Comments || Top||


Africa Subsaharan
Deadly HIV-TB co-epidemic sweeps sub-Saharan Africa
Drug-resistant tuberculosis and HIV have merged into a double-barreled epidemic that is sweeping across sub-Saharan Africa and threatening global efforts to eradicate both diseases, according to a report released Friday.

A third of the world's 40 million HIV/AIDS sufferers also have TB, and the death rate for people infected with both is five times higher than that for tuberculosis alone.

The situation is aggravated by surging rates of multi-drug resistant (MDR) and extensively drug-resistant (XDR) TB precisely in those areas where the rates of HIV infection are highest.

MDR and XDR tuberculosis are resistant to some or all of the standard drugs used to fight the disease. One third of the world's population carries the tuberculosis bacterium, but the disease remains latent in nine out of 10.

HIV, however, changes the equation: Of those whose immune systems have been compromised by HIV, 10 percent will develop active tuberculosis each year, according to the report.

"In today's world, a new TB infection occurs every second. When one considers that much of this transmission occurs in areas with high HIV prevalence, the imminent danger of a global co-epidemic is clear," said Diane Havlir, head of the World Health Organisation's TB/HIV working group.

In one community of 13,000 people outside of Cape Town, South Africa, the TB patient case load increased six-fold between 1996 and 2004, the researchers reported.

There are approximately nine million new cases of tuberculosis in the world every year, according to the WHO. In 2005, the disease killed 1.6 million people.

At the same time, an estimated 40 million people are living with HIV, according to the UN and the WHO. There were 4.3 million new infections in 2006 with 2.8 million (65 percent) of these occurring in sub-Saharan Africa.

In 2006, 2.9 million people died of AIDS-related illnesses.

In South Africa, HIV/AIDS is the leading cause of child mortality and accounts for 40 to 60 percent of all deaths nationwide, according to UNICEF.
Posted by: Nimble Spemble || 11/03/2007 04:37 || Comments || Link || [6 views] Top|| File under:

#1  TB is still past its glory days, when it spawned what we now think of as "Gothic". It was so unpredictably murderous that Europe had something of a collective nervous breakdown about it.

Many people wasted away. The "Victorian look" of gaunt and pale was a fashion decision to look like you had TB. But the disease could also cause paralysis, hyper creativity, hyper sexuality, or show almost no symptoms before you dropped dead.

In the US, the West was particularly popular because of its dry air for those afflicted. I live near one of the last hospitals dedicated to TB patients, that eventually closed due to effective antibiotics. It is noteworthy because of its smokestack, where used mattresses and linens were burned.
Posted by: Anonymoose || 11/03/2007 10:50 Comments || Top||

#2  Africa wins again!
Posted by: Scooter McGruder || 11/03/2007 10:59 Comments || Top||

#3  Anonymoose, my birth mother had TB in the 50s. I got screened every year for my first couple decades.
Posted by: lotp || 11/03/2007 11:02 Comments || Top||

#4  Evil western colonial antibiotics, quarantined patients, remotely located medical facilities....? Has a certain apartheid ring to it. It'll never fly.
Posted by: Besoeker || 11/03/2007 11:06 Comments || Top||

#5  Do they still give the kiddies mass TB screening tests in elementary school?
Posted by: SteveS || 11/03/2007 11:10 Comments || Top||

#6  TB is coming back to the US, courtesy of illegal immigrants
Posted by: Frank G || 11/03/2007 11:26 Comments || Top||

#7  Africa seems to have shifted from its previous role as a mere incubator over to being the Pressure Cooker O' Death™.
Posted by: Zenster || 11/03/2007 12:05 Comments || Top||

#8  lotp: I've no doubt they watched you very carefully. No sense of humor about these things.

Public health authorities are still very 'up' for TB, as evidenced by that guy who flew over from Europe only to be quickly arrested.

They about had a collective hernia when half the Phoenix Fire Department tested positive for exposure. They discarded all their breathing equipment, even though it was not shared. They never did find out where they all got it.

You get one skin test to see if you have been exposed to it, if positive, a second skin test to confirm you have the disease.

I gather if you are exposed to it, you are placed on one set of drugs for six months; then if you develop the disease, you are on a different set of drugs for a year or two.

Being identified as carrying TB is probably worse than being pointed out as a terrorist.
Posted by: Anonymoose || 11/03/2007 13:21 Comments || Top||

#9  It was a good thing when I was finally declared Not Infected. Both to reduce the hassle and because of the effects the disease had on my birth mother. Among other things, although she screened clear for 10 years she was denied a nursing license in 3 stats and finally settled for much lower paid jobs (and nursing itself wasn't all that well paying in the 60s and 70s).
Posted by: lotp || 11/03/2007 13:24 Comments || Top||

#10  Let me make a couple of points:

we in the Pulmonary and Infectious Disease areas differentiate between TB infection and tuberculosis. The former means you've inhaled the bacillus and had a primary infection that you then contained. We call this primary TB. Basically, the bacillus causes a localized pneumonia for 4 to 6 weeks. It feels as if you have a lingering cold or flu. Your cell-mediated immune system then kicks in and walls off the infection to some of your pulmonary lymph nodes. You get better. It's at that point your skin test (PPD) turns positive.

90% of the time your primary infection is walled off as noted. If your immune system is compromised (e.g., AIDS), you can't wall it off and the TB infection spreads. We call this primary progressive TB.

If you succeed in walling off the infection, there is about a 1% chance per year after the first year that the infection will re-activate. We call this secondary TB. Reactivation occurs for unclear reasons, but people with weaker immune systems, silicosis, etc are more susceptible. This is the classic TB that most people think of and what is usually described in the popular literature and news.

Primary TB and primary progressive TB usually are found in the lower lung fields and lymph nodes. Secondary TB is found in the upper fields, frequently cavitates, and is the one that allows TB to spread (you have lots of bacilli to cough out from the cavities).

Treatment for a positive PPD (meaning you had a primary infection) is designed to prevent secondary TB years later. That is to say, this is prophylactic treatment. You take isoniazid (INH) for 9 months or INH plus rifampin (RIF) for 4 months. Some people who are much more susceptible to secondary TB (e.g., people with AIDS or silicosis) take this prophylactic treatment for life.

People with primary progressive TB (PPD positive, never got better from their primary infection) or secondary TB (PPD positive, reactivation years later) take INH, RIF, ethambutol (ETH) and pyrazimamide (PZA) for about two months, or until the bacilli no longer are found in the sputum, followed by INH and RIF for another six months. With non-drug resistant TB and a compliant patient, cure rates with this regimen are 97 - 99%.

You have to take multiple drugs as noted in what's called 'directly-observed therapy' (DOT). This is done to prevent the development of resistance. Multiple drugs makes the chance of resistance much lower, and DOT ensures compliance. A public health nurse comes to the home and watches you swallow the pills. Along the way the nurse helps with social issues, etc.

Resistant TB occurs when one drug no longer works. When that happens we drop that drug and add TWO others from a list of 'second-line' drugs (e.g., streptomycin, clarithromycin, PAS, etc). MDR is multi-drug resistance, that is, resistant to two or more drugs. Now you have a problem, because the more resistant the organism is, the farther down on the list of 2nd and 3rd line drugs you go to find drugs that will work. That increases the risk for complications and decreases compliance.

XDR, extremely or extensively drug resistant TB, is the nightmare, because now you have insufficient number of drugs to which the bacilli are susceptible. If XDR catches hold in the developed world, we'll not be able to get any reasonable cure rate, and we'll be back to the 1930s in our treatment approach with surgical procedures and long-term isolation in santoriums.

A slightly more technical explanation as to why we need multiple drugs in treatment: in secondary, cavitary TB the total load of bacill in the body is ~ x 10^12 organisms. The resistance rate in nature for INH, RIF and ETH is about 1 in 10^6 organisms. If you treat someone with only one drug, you're almost guaranteed to see a resistant bacillus develop. As you wipe out the sensitive ones, the resistant ones grow, and after a transient period of improvement the patient again becomes ill. By using three drugs, you make it extremely likely (given good compliance) that a resistant organism would develop (only a 1 x 10^-18 chance). Nowadays we use four drugs because of the concern over native INH resistance in the field.

I can supplement this with more, but there are good open-source reviews of these aspects of TB therapy.
Posted by: Steve White || 11/03/2007 14:56 Comments || Top||

#11  as I understand it, a big problem is the carrier doesn't stick with the months-long drug treatment
Posted by: Frank G || 11/03/2007 15:02 Comments || Top||

#12  In the Navy they found a guy in our (Sleeping) Compartment who had TB, everyone was tested, I showed positive, they gave me some little yellow pills to take for a year,(Gave me the shits) and told me "You don't have TB, you'll never have TB, but you'll forever test positive for TB, be sure to tell any doctor who treats you to expect a "False Positive", for TB.

I'm fine, some 40-odd years later.
Posted by: Redneck Jim || 11/03/2007 16:45 Comments || Top||

#13  (Gave me the shits)

Probably due to whatever poweful antibiotic they gave you killing off all of your intestinal tract's bacteria and screwing up your digestive system.
Posted by: Zenster || 11/03/2007 17:10 Comments || Top||

#14  When my brother was in Africa in the early-mid nineties, he and his coworkers said that the anagram 'AIDS' stood for 'Africa is dying slowly'.

Whether for reasons of climate, or critters, or culture, or genetics, or some bits of all of the above, Africa just seems to be a breeding place for human contagion. Perhaps because various species of humans have been living there for millions of years, plasmids, retrovirii, and other evil chunks of DNA lethal to humans have accreted in organisms ffrom bacteria on up.
Posted by: no mo uro || 11/03/2007 19:22 Comments || Top||


Bangladesh
Shahbaz wants Pakistan and Bangladesh reunited
Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif said on Friday that it was his keen desire to see Pakistan and Bangladesh united as they had been before the war in 1971. Addressing a seminar of the Overseas Pakistani Lawyers’ Association on “Democracy and Role of Law in Pakistan” here, he held the previous military regimes responsible for dividing the country in 1971. He said President General Pervez Musharraf was working on a foreign agenda instead of a national agenda. He said democracy was the need of the hour so that all institutions could work in a harmonious way, adding that it was the PML-N that was making sacrifices for democracy.
He's Pakistan's Joe Biden.
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [8 views] Top|| File under:

#1  Reunited with no country in between either.
Posted by: Glenmore || 11/03/2007 7:05 Comments || Top||

#2  Punjabi-Bengali brotherhood in Islam.

It worked out so well before...
Posted by: john frum || 11/03/2007 10:24 Comments || Top||

#3  What, the population of Bangladesh is too large again and he wants to repeat the slaughter?
Posted by: lotp || 11/03/2007 13:25 Comments || Top||

#4  Reunited with no country in between either.

I think he may be dreaming about a land corridor.
Posted by: twobyfour || 11/03/2007 20:25 Comments || Top||


Caucasus/Russia/Central Asia
It's official: Putin has stopped pretending
It's safe to say that no one really expects this December's Russian elections to be a fair contest. All the same, the Kremlin's decision to cut the number of international observers invited by two thirds is a particularly brazen demonstration that Vladimir Putin has stopped trying to even appear remotely democratic. Europe's largest election watchdog, the Organization for Security Cooperation in Europe, has grudgingly accepted Putin's conditions, having little other choice. Russia is planning to allow 300 to 400 observers to observe polling throughout a country that spans eleven time zones.

It will likely be fewer than that. Since Russia waited until a month before the election to issue its initiation, OSCE and other groups have had to scramble to obtain visas for their observers. Getting a travel visa for Russia is a trying experience under the best of circumstances, but the current regime has proven masterful at using the inefficiency of Russian bureaucracy as a political weapon. Just ask the head of any of the foreign NGOs that operate in Russia and spend about as much time fighting through red tape as they do on advocacy work. If the OSCE folks get anywhere near the 70 observers they want into Russia in time, they'll be extraordinarily lucky.

All the same, the tactics of intimidation and media blackout that essentially rig Russian elections in favor of the pro-Putin United Russia party are hardly a secret and the world hardly needs OSCE to tell us about them. Putin's more troubling suggestion may be his proposal that OSCE permanently limit observers in seven other post-Soviet states and ban them from issuing reports until official results are published. Again, it's not really news that Russia's leaders feel they have the right to control political outcomes in their "near-abroad," but they've rarely been so forthright about it before. Armenia's government has already heartily endorsed the proposal.

All the same, Putin thinks that Russia has a lot to teach the West about democracy. At this week's EU-Russia summit he announced plans to start a Russian-funded think tank to promote democracy and human rights in Europe and counter the influence of western NGOs in his country
Posted by: lotp || 11/03/2007 14:06 || Comments || Link || [6 views] Top|| File under:

#1  All right people, place your bets: will Jimmy Carter pronounce the election rigged? Or will we all travel next year upon the backs of giant airborne swine?
Posted by: Angie Schultz || 11/03/2007 14:29 Comments || Top||

#2  Armenia's government has already heartily endorsed the proposal.

Thus confirming what a majority of Armenians already know. Namely, that their head gangster Kocharian is just another Putin wannabe.
Posted by: Zenster || 11/03/2007 14:50 Comments || Top||

#3  Anybody who thought Tsar Vladimir I was going to play it straight might be interested in this land I have in Florida -- a little moist, but such an opportunity!
Posted by: Jonathan || 11/03/2007 15:54 Comments || Top||


China-Japan-Koreas
Much interest in Rembrandt expo in China
The exhibit "Rembrandt and the Golden Age" opened to a great deal of public interest in the Shanghai Museum on Friday afternoon. Education and Culture Minister Ronald Plasterk opened the exhibit by cutting a traditional Chinese ribbon.

More than 70 pieces of art from the collection of the Rijksmuseum in Amsterdam are on display in China for the coming three months, including 20 etchings and two paintings from Rembrandt. His famous painting 'De Oosterling' (The Oriental) from 1635 was specially restored for the occasion.

Amsterdam Rijksmuseum director Ronald de Leeuw, who was in Shanghai for the opening, says that the Chinese now have an excellent opportunity to see a considerably large selection of Rembrandt's work. "Because the Rijksmuseum is undergoing major renovation, it is easier for us to show a part of our permanent collection abroad," he says.

De Leeuw hopes to be able to work with the Chinese more often in future, for example on an exhibition of Chinese art in the Netherlands perhaps.
Posted by: lotp || 11/03/2007 00:00 || Comments || Link || [4 views] Top|| File under:

#1  The Rembrants were here in Ningbo for a few weeks. Yippee. You know, it's actually nice going to art museums in China - they're not infected with the "defecate on a canvas" style of art. Also, you won't see any exhibitions that consist of the artist's leftwing opinions displayed as art.
Posted by: gromky || 11/03/2007 0:45 Comments || Top||

#2  Those renovations are taking an awf'ly long time. The museum was getting ready to close the last time I was in A'dam...the summer of 2001.

The gallery that held The Night Watch and dozens of Dutch Old Masters was spectacular. Or rather, the paintings were spectacular, the gallery merely serviceable.
Posted by: Seafarious || 11/03/2007 0:50 Comments || Top||

#3  Em,.... Ringling
Posted by: Thomas Woof || 11/03/2007 2:49 Comments || Top||

#4  Expect a flood of meticulously forged Rembrant knockoffs on the stolen art market in the next few weeks.
Posted by: Zenster || 11/03/2007 6:39 Comments || Top||

#5  My personal Chinese painting work of art.
Posted by: Besoeker || 11/03/2007 10:11 Comments || Top||

#6  Besoeker, there is a kind of haunting familarity in your work of art.
Posted by: JohnQC || 11/03/2007 10:13 Comments || Top||


Home Front: Politix
Mukasey's attorney general bid improves
President George W. Bush's nomination of Michael Mukasey to be the next U.S. attorney general appeared virtually assured on Friday when two key Democrats declared their support, despite concerns by others about the retired judge's view of torture. Sens. Charles Schumer of New York and Dianne Feinstein of California are both members of the Senate Judiciary Committee, which is set to vote on Tuesday on whether to send the nomination to the full Senate for approval.
This article starring:
Charles Schumer
Dianne Feinstein
Michael Mukasey
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [2 views] Top|| File under:


Obama accuses Clinton of hiding behind gender
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [2 views] Top|| File under:

#1  In addition to gender, also behind obfuscation, flip-flopping, waffling, WJC and lying.
Posted by: JohnQC || 11/03/2007 10:18 Comments || Top||


Leahy to Vote Against Mukasey
Senate Judiciary Committee Chairman Patrick Leahy said Friday he will vote against confirming Michael Mukasey as the next attorney general. President Bush's nomination of Mr. Mukasey, a former chief federal judge in New York, has gone from a sure-thing two weeks ago to yet another political battle between the White House and congressional Democrats. The uproar over Mr. Mukasey began over his refusal to unequivocally say that an interrogation technique that uses simulated drowning, called waterboarding, qualifies as torture and is illegal.
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [4 views] Top|| File under:

#1  Of course he will. Leahy is a better man because he is a Democrat and Mukasey is not.
Posted by: 3dc || 11/03/2007 2:17 Comments || Top||

#2  Were I Mukasey, I would use a negative vote by Leahy as a character reference on any future job interviews. Leaky Leahy is a lying piece of shit
Posted by: Frank G || 11/03/2007 9:18 Comments || Top||

#3  btw - with Schumer and Feinstein voting for Mukasy, Leahy can start addressing him as "Mr. Atty General", regardless of how he votes. Partisan dimwit
Posted by: Frank G || 11/03/2007 9:21 Comments || Top||


International-UN-NGOs
Gulf move quells dollar-peg talk
This could just as well have gone into the war on terror background page.
Gulf states on Thursday cut some interest rates in a move that generally tracked the US Federal Reserve’s 25 basis points cut, undermining speculation that these oil-exporting economies may drop their dollar pegs.

Saudi Arabia, the largest economy in the region, reduced one of its interest rates by 25 basis points while raising banks’ reserve requirements to limit the growth of monetary supply in a bid to tame rising inflation. Five of the six Gulf Co-operation Council members peg their currencies to the US dollar and therefore usually follow US interest rate decisions. Kuwait in May abandoned its dollar peg, citing rising levels of inflation imported by the weakening dollar.

The economic boom in the oil-rich Gulf, where oil prices have quadrupled during the past five years, should dictate higher interest rates, rather than the looser monetary policy being dished out to a US economy struggling to come to terms with the summer’s subprime mortgage crisis. “Increasing the Saudi reserve requirements is a way of tightening the monetary environment without raising rates,” said Simon Williams, an economist with HSBC in Dubai.

Speaking to reporters in London, Prince Saud al-Faisal, foreign minister, quelled speculation of any Saudi intention to drop the dollar peg. “Why would one do that?” he said, adding only half-jokingly that there “aren’t enough euros” around.

In September, Saudi Arabia ignored the Federal Reserve’s 50 basis-point cut, triggering speculative flows into the riyal that wrongly bet on a Saudi revaluation.

Saudi Arabia on Thursday also gave plans for a single Gulf currency a much-needed boost, predicting the majority of states in the Gulf Co-operation Council, including Riyadh, would join by the agreed date of 2010.

“Perhaps not collectively, but the majority will achieve it,” Prince Saud said, referring to the single currency.

The foreign minister’s comments come ahead of next month’s GCC heads of state meeting in Qatar that will provide some measure of progress towards the troubled single currency project, even though a final decision on the planned deadline has been pushed back until next year. Oman has publicly opted out, saying it will not be able to harmonise its economy in time to meet the 2010 deadline for monetary union. Saudi Arabia’s central bank governor has said the target is “difficult”, while the UAE central bank governor has suggested that the six-member block may push back the stated deadline by five years. “As their economies are fairly harmonised, monetary union could still happen with the right amount of political will, but the progress so far indicates it won’t happen on time,” said Monica Malik, a Dubai-based economist with regional investment bank EFG-Hermes.
Posted by: lotp || 11/03/2007 00:00 || Comments || Link || [2 views] Top|| File under:

#1  We can't go to this well too often. The next President is going to have to deal with this problem and it won't be resolved without pain.
Posted by: Nimble Spemble || 11/03/2007 3:11 Comments || Top||

#2  No big deal. We just declare the United States Navy an International Asset and collect 2% on all freight charges for it's maintenance and upkeep. Yes, international airfreight too. And overland freight within the litoral zone. Litoral zone being defined as anywhere the USMC can reach in 48 96 hours without air transport.
Posted by: Thomas Woof || 11/03/2007 8:01 Comments || Top||

#3  “Why would one do that?” he said, adding that there “aren’t enough euros” around.

So much for EU pretensions to being one of the big boys.
Posted by: trailing wife || 11/03/2007 12:54 Comments || Top||

#4  TW, there's plenty of euros, TW. It no longer takes a printing press, only a computer. This is why it's important.
Posted by: Nimble Spemble || 11/03/2007 13:16 Comments || Top||

#5  Thanks, Nimble Spemble. If I understand the article correctly, the U.S. essentially collects a small tax on every transaction denominated in dollars. Am I close?
Posted by: trailing wife || 11/03/2007 22:40 Comments || Top||


Southeast Asia
US calls Myanmar expulsion of UN representative outrageous
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [4 views] Top|| File under:


Myanmar to kick out top UN official
Myanmar’s military junta is kicking out the UN’s top resident diplomat for highlighting the country’s deepening economic crisis, casting a shadow over a planned visit this weekend by special envoy Ibrahim Gambari.

UN officials said on Friday that country chief Charles Petrie had been summoned to the former Burma’s new capital, Naypyitaw, for an official dressing down for a statement he released on the Oct 24 United Nations Day. After the meeting, Petrie and his colleagues were given a letter saying the military government would not be renewing his credentials, which expire “pretty much now”, a Yangon-based diplomat said. “They were basically not very happy with the statement,” one UN official told Reuters in Bangkok. “The government has emphasised that they do not want him to continue to work in Myanmar.” It is not known when Petrie would actually leave the country, but it is hard to see him working alongside Gambari, due to arrive on Saturday for a second visit since September’s bloody crackdown on monk-led pro-democracy protests.
Posted by: Fred || 11/03/2007 00:00 || Comments || Link || [1 views] Top|| File under:

#1  Ima conflicted.

/Lucky
Posted by: Thomas Woof || 11/03/2007 2:52 Comments || Top||


Home Front Economy
Wall Street analyst gets death threats after downgrading Citigroup
Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Ms Whitney, a CIBC analyst who is married to the former World Wrestling Entertainment champion Death Mask, prompted a near 7 per cent drop in Citigroup’s shares on Thursday, after suggesting that the bank needed to raise more than $30 billion to restore its capital cushion.

She also downgraded her recommendation on Citigroup’s shares to “market underperform” in the note that set off America’s biggest stock market decline since August.

"Clients are not pleased with my call and I have had several death threats.

But it was the most straightforward call I’ve made in my career."
Ms Whitney, Forbes’s second-highest ranked stock picker for 2007, told The Times: “People are scared to be negative, especially when a company has such a wide holding. Clients are not pleased with my call and I have had several death threats. But it was the most straightforward call I’ve made in my career and I am surprised my peer analysts have been resistant. It’s so straightforward, it’s indisputable.”

Ms Whitney, whose marriage to John Charles Layfield, the wrestler, 2œ years ago was detailed in The New York Times, said that she has never felt any pressure from the Wall Street firms themselves to be positive. But she said investors could be “nasty and belligerent” if they felt you had lost them a lot of money by influencing the price of their shares.

“No one had the moxie to put in print what I put in print,” she said.

Ms Whitney’s note came two weeks after Citigroup reported a 57 per cent drop in its third-quarter profits, following a $6.5 billion writedown, much of which related to the credit crunch.

That writedown intensified recurring calls for Chuck Prince, Citigroup’s head, to stand down, although he remains at the helm of the world’s biggest bank.

But in a move that will fuel speculation about his position, Mr Prince yesterday cancelled a speech he had been due to give tomorrow at the US Japan Business Conference. A Citigroup spokesman said he had cancelled the appearance to prepare for the company’s new listing on the Tokyo Stock Exchange on Monday.

Ms Whitney, 37, met Mr Layfield in 2003 when they were panelists on Bulls & Bears, a programme on Fox News.

Mr Layfield credits Ms Whitney with helping to make him more sophisticated. The New York Times reported him saying at their wedding: “She took a country boy like me and kind of refined me. I know what fork to use now at the dinner table, and I drink my beer from a glass.”

Posted by: lotp || 11/03/2007 16:10 || Comments || Link || [5 views] Top|| File under:

#1  IMHO, a Wall Street analyst ought not be married to someone named "Death Mask".
Posted by: Seafarious || 11/03/2007 16:23 Comments || Top||

#2  I'm curious why a WWE wrestler was on Bulls and Bears, which is a market-oriented Sat AM show
Posted by: Frank G || 11/03/2007 16:52 Comments || Top||

#3  Mrs. Death Mask --- DO NOT MESS WITH MRS. DEATH MASK!! VERY VERY BAD JU-JU!!!
Posted by: Alaska Paul || 11/03/2007 17:19 Comments || Top||

#4  Actually, the writer got his ring name wrong.

He was a regular on Bulls and Bears for a while and has at least one book out on successful investing. Who knew?
Posted by: lotp || 11/03/2007 18:31 Comments || Top||

#5  OK - I've seen this guy - he's no amateur in investing, just didn't connect the two, like I did Wayne Rogers....
Posted by: Frank G || 11/03/2007 18:35 Comments || Top||

#6  “She took a country boy like me and kind of refined me. I know what fork to use now at the dinner table, and I drink my beer from a glass.”

IOW, based on the words "sophisticated" and "refined", she wussified him. In no time, he will become her wife.
Posted by: twobyfour || 11/03/2007 20:10 Comments || Top||

#7  He is buying citigroup :)
Posted by: Ol Dirty American || 11/03/2007 20:21 Comments || Top||

#8  2x4, don't be fooled by the "country boy" act. His ring persona is a country rube in a Wall Street suit. ;-)
Posted by: lotp || 11/03/2007 20:28 Comments || Top||


Home Front: Culture Wars
Moribund in US, investigative reporting alive in Turkey
Posted by: lotp || 11/03/2007 00:00 || Comments || Link || [0 views] Top|| File under:

#1  They didn't want to just report facts, they wanted to find facts to fit their narratives and they began to preach instead of report. Now nobody buys their magazines anymore because it's 95% crap and only 5% news - and news that is buried deep within their narrative.

They killed the goose that laid their golden egg. It's called "goodwill" in the business world. They lost it right when they needed it most to survive and they will never get it back.
Posted by: Cheasing Wittlesbach4201 || 11/03/2007 18:39 Comments || Top||



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Two weeks of WOT
Sat 2007-11-03
  Musharraf imposes state of emergency
Fri 2007-11-02
  Anbar leaders visit US, stress partnership
Thu 2007-11-01
  Bus bomb kills eight, injures 56 in Russia
Wed 2007-10-31
  Iraqi Special Forces Detains AQI Commander in Khadra
Tue 2007-10-30
  Crew of North Korean Pirated Vessel Regains Control
Mon 2007-10-29
  Baghdad: Gunmen kidnap 10 anti-al-Qaida tribal leaders
Sun 2007-10-28
  80 Talibs escorted from gene pool at Musa Qala
Sat 2007-10-27
  Pakistani forces launch offensive against militants in Swat valley
Fri 2007-10-26
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Thu 2007-10-25
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Wed 2007-10-24
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Tue 2007-10-23
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Mon 2007-10-22
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Sun 2007-10-21
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Sat 2007-10-20
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