Video shows daring Colombian raid

July 5th, 2008


The Colombian government has released video footage of the daring raid that freed 15 rebel-held hostages, including politician Ingrid Betancourt.

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Franken tries the switch from comic to Congress (AP)

July 5th, 2008

“Franken is a comedian, who writes these outrageous lines and books,” he said. “Reagan had most recently been host of the very dignified GE Theater. I also think that Minnesota is a different political culture than California, which was welcoming to stars.”

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Analysis: Obama’s centrist emphasis gives GOP ammo (AP)

July 5th, 2008

The GOP increasingly has sought to take advantage of any opportunity to permanently pin the flip-flopper label on Obama, with all its unappealing associations, and strip him of the shiny-new-penny one he’s cultivated up to now.

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Afghan official: US strikes kill 22 civilians (AP)

July 5th, 2008

Nuristan’s Gov. Tamim Nuristani said, however, 22 civilians were killed in the Waygal district of Nuristan province. “This afternoon (Friday), two civilian vehicles were hit by airstrikes,” Nuristani said over the phone.

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U.S. marks Independence Day with fireworks, revelry (AP)

July 5th, 2008
AP Photo:
Fireworks explode over the Manhattan skyline during the 32nd annual Macy’s Fourth of July fireworks…

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Two fires raging along Calif.’s Central Coast (AP)

July 5th, 2008

Since a series of dry lightning strikes ignited more than 1,500 wildfires across central and Northern California on June 21, more than 520,000 acres, or 814 square miles, of range and forest land has gone up in flames.

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Obama May Consider Slowing Iraq Withdrawal

July 5th, 2008

FARGO, N.D., July 3 — Sen. Barack Obama raised the possibility of slowing a promised gradual, 16-month withdrawal from Iraq if he is elected president, saying that Thursday he will consult with military commanders on an upcoming trip to the region and “continue to refine” his proposals.

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As Tobacco Loses Currency, a New Cash Crop Blooms

July 5th, 2008

Jamie Raley’s family has been farming in St. Mary’s County since Abraham Lincoln was president, mostly growing tobacco. But with the drop in U.S. cigarette smoking over the past decade, tobacco no longer pays. So the Raleys cast about for something else that would keep them on the farm.

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Debate Intensifies Over Guantanamo’s Fate

July 5th, 2008

The Bush administration is developing a long-range plan to empty the Guantanamo Bay military prison that could include asking Congress to spell out procedures for scores of suspected terrorists whom the government does not plan to bring to trial, administration officials and others familiar with high-level White House discussions on the issue said yesterday.

Under one scenario being considered by President Bush’s Cabinet, about 80 detainees would remain at the facility in Cuba to be tried by military commissions, and about 65 others would be turned over to their native countries, according to several sources familiar with the talks, who spoke on the condition of anonymity because of the sensitivity of the issue.

But the focus of the intensifying debate is what to do with about 120 remaining prisoners, who are viewed by the administration as too dangerous to release but who are unlikely to be brought before military commissions because of a lack of evidence. Officials are considering whether to propose legislation in coming days that would establish legal procedures for such prisoners, who could be transferred to military or civilian prisons on the U.S. mainland, sources said.

The debate follows a Supreme Court ruling last month that gave Guantanamo detainees the right to challenge their imprisonment in U.S. civilian courts. Senior administration officials have been scrambling to formulate a response, including holding Cabinet-level meetings on the topic the past two days, officials said.

Bush has said for at least two years that he would like to close Guantanamo Bay, but he and his aides said in response to an ABC News report that no such decision has been made. Instead, officials said, the administration’s debate is focused on what steps would be necessary for such a closure, including moving scores of terrorism suspects to other U.S. detention facilities.

“We’re analyzing the decision and how to move forward, and there’s no decision that is imminent on Guantanamo,” Bush said in an interview yesterday with Fox News. “But nevertheless, we have an obligation to live under the law, so we are fully analyzing the impact of the law. . . . We’ll get it done as quickly as possible.”

One official familiar with the internal discussions said that there is a consensus favoring legislation that would deal with the problems posed by the high court’s ruling, but that details are still being debated. It is also unclear, the official said, whether the Democratic Congress would pass such potentially controversial legislation during a presidential election year.

Lawmakers in Kansas, for example, have already reacted negatively to a proposal from Sen. John McCain, the presumptive Republican presidential nominee, to move some detainees to the military prison at Fort Leavenworth, Kan. His Democratic rival, Sen. Barack Obama, has also said that he would move detainees to Leavenworth and other civilian and military facilities, and that he would close Guantanamo.

About 265 detainees remain at Guantanamo, which was set up in January 2002 to hold terrorism suspects captured after the Sept. 11, 2001, attacks. The decision to detain people there has elicited heated international criticism.

Twenty detainees have been charged as part of a military commission system set up by Congress in 2006, including five accused of participating in the conspiracy that led to the Sept. 11 attacks.

Only 20 detainees have been sent to Guantanamo since October 2004. Sources said that under the new plans being considered by the Bush administration, no more detainees would be sent to the facility for indefinite detention, although some could be moved there from U.S.-run detention facilities in Afghanistan and elsewhere on a short-term basis for military commissions.

The Supreme Court ruled 5 to 4 on June 12 that foreign terrorism suspects held at Guantanamo have rights under the Constitution to challenge their detention in civilian courts, and that the system put in place to classify suspects as enemy combatants and to review those decisions is inadequate.

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Investors Bail Out Hard-Up Bank

July 5th, 2008


11:00am UK, Friday July 04, 2008












Bradford & Bingley’s major shareholders have agreed to salvage its £400m funding plan after a US private equity firm walked away from the deal. 









Bank has been asking for more cash



Texas Pacific Group was due to buy 23% of the bank as part of a wider funding package.


But it withdrew its £179m offer after B&B’s investment status was downgraded by a ratings agency.


However, B&B - Britain’s biggest buy-to-let lender - then set in motion a contingency plan that it had discussed with the Financial Services Authority.


It says a group of its largest shareholders including M&G Investment Managers and Life Investments are now backing its funding proposals.


The bank, which has been badly hit by the credit crunch, has been trying to raise £400m through a rights issue to shore up its finances.


Shareholders were due to vote on this on Monday but will now meet the following week.


Ironically, the rescue plan involving TPG had attracted a raft of criticism from investor groups.


The Association of British Insurers had branded it “unacceptable” because it removed the right of pre-emption for shareholders.


This is where new shares are offered to current shareholders in proportion to their existing holdings.


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