The Financial Times reports that bankers who lost their jobs in the credit crunch are to be offered work in the Treasury as Alistair Darling beefs up his department to try to keep pace with the financial crisis.
You could not make it up.
ANGRY residents last night accused local authorities of contributing to the bushfire toll by failing to let residents chop down trees and clear up bushland that posed a fire risk.
During question time at a packed community meeting in Arthurs Creek on Melbourne's northern fringe, Warwick Spooner — whose mother Marilyn and brother Damien perished along with their home in the Strathewen blaze — criticised the Nillumbik council for the limitations it placed on residents wanting the council's help or permission to clean up around their properties in preparation for the bushfire season. "We've lost two people in my family because you dickheads won't cut trees down," he said.
if if was a fifth we'd all be drunk
President Barack Obama took aim at the “casual dishonesty” of Bush administration budgets Monday, saying he’ll abandon accounting “tricks” used to hide the ballooning deficit and pledging to cut a $1.3 trillion federal shortfall in half during his first term. “I want to be very clear,” Obama said to open a “fiscal responsibility summit” at the White House.
“We cannot and will not sustain deficits like these without end. Contrary to the prevailing wisdom in Washington these past few years, we cannot simply spend as we please and defer the consequences to the next budget, the next administration and the next generation.”
Failure to act quickly and decisively, Obama said, “we risk sinking into another crisis down the road, as . . .our bills come due, confidence in our economy erodes and our children and grandchildren [suffer].”
• Best. Instead of increasing the U.S. military "footprint," reduce our forces and those of NATO by two-thirds, maintaining a "mother ship" at Bagram Air Base and a few satellite bases from which special operations troops, aircraft and drones, and lean conventional forces would strike terrorists and support Afghan factions with whom we share common enemies. All resupply for our military could be done by air, if necessary.
Even if we achieved the impossible dream of creating a functioning, unified state in Afghanistan, it would have little effect on the layered crises in the Muslim world. Backward and isolated, Afghanistan is sui generis (only example of its kind). Political polarization in the U.S. precludes an honest assessment, but Iraq's the prize from which positive change might flow, while Afghanistan could never inspire neighbors who despise its backwardness.
Even "our man in Kabul," President Hamid Karzai, put his self-interest above any greater cause. Reborn a populist, he backs every Taliban claim that the U.S. inflicts only civilian casualties in virtually every effort against terrorists. Karzai is convinced that we can't abandon him.
We should do just that. Instead of floundering in search of a strategy, we
should consider removing the bulk, if not all, of our forces. The alternative is
to hope blindly, waste more lives and resources, and, in the worst case, see our
vulnerable supply route through Pakistan cut, forcing upon our troops the most ignominious
retreat since Korea in 1950 (a massive air evacuation this time around,
leaving a wealth of military gear).
In any event, Pakistan, not Afghanistan, will determine the future of Islamist extremism in the region. And Pakistan is nearly lost to us — a fact we must accept. Our strategic future lies with India.
In a swift about face from her views as New York's senator, Secretary of State Hillary Clinton is now hammering Israel over its treatment of Palestinians in Gaza.
As First Lady, Clinton raised eyebrows when she kissed Suha Arafat.
Since she was then seeking a Senate seat the resulting brouhaha caused her to "re-think" her positions.
"I'm a very strong supporter of Israel," Clinton said back in February 2000.
On Thursday, as Secretary of State she had yet another about face in the form of angry messages demanding Israel speed up aid to Gaza. Jewish leaders are furious.
"I am very surprised, frankly, at this statement from the United States government and from the secretary of state," said Mortimer Zuckerman, publisher of the New York Daily News and member of the NYC Jewish Community Relations Council.
"I liked her a lot more as a senator from New York," Assemblyman Dov Hikind, D-Brooklyn, said. "Now, I wonder as I used to wonder who the real Hillary Clinton is."
Clinton's decision to hammer Israel comes as the Clintons and President Barack Obama are planning to give the Palestinians $900 million toward the rebuilding of Gaza in the wake of the Israeli offensive that was sparked by Hamas rocket fire.
President Obama has turned to his own vice president to oversee
implementation of the $787 billion economic stimulus package, part of which will be available this week for state Medicaid programs.
Obama announced his decision before the National Governors Association in Washington on Monday, saying Vice President Joe Biden will help ensure the distribution of the money is not just swift, "but also efficient and effective."
"The fact that I'm asking my vice president to personally lead this effort shows how important it is for our country and future to get this right," he said.
No, not KLIA. Airports are made to be safe, very safe. That's why you have the most sophisticated CCTVs at airports, and metal detectors, roaming K9 squads, uniformed and undercover security personnel, traffic cops, VVIP bodyguards, other uniformed people (immigration, customs, pilots), etc etc. In some airports, you have soldiers guarding the parameters.
Why? Simply because an airport is a high-security zone. Airport security officers are dealing daily with potential terrorists, hijackers, bombers, etc.
KLIA had a relatively good record where security is concerned but blogger-journo Ahmad A. Talib discovered upon returning from Gaza the other day that touts and cheating cabbies may not be our only worries. A group of Peruvian crooks have been going about robbing arriving passengers, he found out later. This was after his Vaio, which survived 9 days of the war in Gaza, was nicked from right under his nose.
But what really pissed Ahmad off is finding out that the CCTV wasn't working ...!
Read his experience in CCTV at KLIA: Is that the cartoon network?
Bloggers had dinner with Tun Musa Hitam, the Sime Darby chairman, and Group Chief Executive Ahmad Zubir Murshid last night.
I agreed to the meeting for three reasons:
1. I have always liked Musa Hitam
2. I believe in constructive engagement between bloggers and the blogged
3. Fox Communications is no longer in the picture
Read The Scribe's take here. I hope to update this posting soon.
Updates:
Ena on Musa Hitam turning 75 this April, here.
De Minimis says "spinning won't help dodgy deals" here
Updated 2pm, 23/2/08
It Is Over, says Najib.
Read here.
Original posting:
Labu again? While many of us who campaigned against the Labu LCCT thought it's all over, Apanama remains the cynical one. Read his latest posting h e r e and you might just wonder who really has the last say with regards to Labu.
p.s. I heard Tony Fernandes had an audience recently with the statesman Dr M, a big opponent of the Labu project, but it could have been on anything. Like thanking the former PM for giving him the big break ...
It begins with energy.
We know the country that harnesses the power of clean, renewable energy will lead the 21st century. And yet, it is China that has launched the largest effort in history to make their economy energy efficient. We invented solar technology, but we've fallen behind countries like Germany and Japan in producing it. New plug-in hybrids roll off our assembly lines, but they will run on batteries made in Korea.
Well I do not accept a future where the jobs and industries of tomorrow take root beyond our borders - and I know you don't either. It is time for America to lead again.Thanks to our recovery plan, we will double this nation's supply of renewable energy in the next three years. We have also made the largest investment in basic research funding in American history - an investment that will spur not only new discoveries in energy, but breakthroughs in medicine, science, and technology.
We will soon lay down thousands of miles of power lines that can carry new energy to cities and towns across this country. And we will put Americans to work making our homes and buildings more efficient so that we can save billions of dollars on our energy bills.
But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy. So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America. And to support that innovation, we will invest fifteen billion dollars a year to develop technologies like wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient cars and trucks built right here in America.
This was illustrated by something that Rahm Emanuel said while introducing Mr. Pickens. He mentioned that in 2005, he and Senator Obama secured $1.8 million for the city of Chicago, and that money went to build four, YES FOUR, natural gas fuel stations. Furthermore, Congressman Emanuel seems to think that he actually did something worthwhile. In fact, Congressman Emanuel illustrated the problem as I see it in attempting to move this country from oil to alternative sources as it relates to automobiles. Those four natural gas fuel stations would compete with about ten thousand regular fuel stations that provide gas derived from oil.
Rep. Bruce Braley (D-Iowa), who founded the House Populist Caucus, says the president has actually gone “to great lengths” not to reward people who have been irresponsible, and that the plan is really an effort to stem another wave of foreclosures in order to stabilize the housing market, which would be to everyone’s benefit.
Michigan Gov. Jennifer M. Granholm, also a Democrat, agrees: “This is not directed at those who didn’t play by the rules,” she says. “It’s directed at trying to fix a system so everyone can stay in their homes and so that everyone’s community is not negatively affected by the foreclosures that are popping up all over that neighborhood.”
Many borrowers who received help with mortgage modifications earlier this year tended to re-default on their payments, a top U.S. banking regulator said on Monday, citing recent data.
"The results, I confess, were somewhat surprising, and not in a good way," John Dugan, head of the U.S. Office of the Comptroller of the Currency, said in prepared remarks for a U.S. housing forum.
"Put simply, it shows that over half of mortgage modifications seemed not to be working after six months."
Well, we are only at the beginning of that process. Secretary Gates knew that there were some who were ready to commit now, and [he] obviously made the ask. But we are in the midst of our policy review, and I think that a number of countries are waiting to see more specifically what our plan is, why we think their contribution of troops would be helpful. But also, it's important, James, to point out that we want their civilian help as well. We want their help training the Afghan army; we want their help training the Afghan police. So there's going to be a number of ways people can contribute.
Illinois Gov. Pat Quinn says Sen. Roland Burris should resign his post for the good of the state. Quinn said Friday that his fellow Democrat, Burris, is an honorable man. But he says controversy surrounding Burris' appointment has cast a shadow over his service in the Senate.
"It was a gigantic mistake for him (Burris) to take the appointment in the first place," Quinn told a news conference.
Burris' few lies to a state impeachment committee are nothing compared with the hundreds of millions devoured by corruption in the Daley administration. And Madigan still hasn't been held to account for his flunky, state Rep. Barbara Flynn Currie (D-Madigan), holding onto the bombshell Burris affidavit—the one in which Burris revealed his earlier lies under oath—by slipping it into her desk drawer.
Problem is, that 95,000 number counts indirect employment at firms for whom the F-22 program is just one of many clients. And it also counts Lockheed assembly workers who are in high demand for other aviation projects. In fact, ending Raptor production today might not result in a single unemployed aerospace worker.