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  • 05:52 - 29.10.2009 News >> Latest

       Obama must face down the ghost of VietnamAs the President ponders sending more troops to Afghanistan, he is haunted by the conflict that scarred the US psycheBen Macintyre 24 CommentsRecommend? (4) An unquiet ghost stalks the White House Situation Room as Barack Obama, increasingly Hamlet-like, ponders what to do in Afghanistan: it is the spectre of the Vietnam War, America’s enduring historical hang-up.Comparisons between these two conflicts are easy to make, but hard to avoid: a grinding, unpredictable battle in difficult terrain, a weak and corrupted foreign government kept afloat by American guns and money; a versatile enemy, adept at ambush warfare, with sanctuary in a neighbouring country.American public opinion on Afghanistan is shifting in a way reminiscent of the tide of feeling that brought the Vietnam War to its humiliating close. The death toll is ramping up, with 55 US servicemen killed this month — the war is suddenly being brought home to America, in bodybags.The first senior official has resigned in protest over a war that may be unwinnable. “I fail to see the value in the continued US casualties or expenditures . . . in what is, truly, a civil war,” declared Matthew Hoh, the decorated former Marine who resigned from the US Foreign Service this week. He might have been speaking in 1969.BACKGROUNDUS hero quits Kabul job over ‘unwinnable war’ Vietnam historians give Bush reason to stay in Iraq Death of 16 US troops turns up heat on Obama The most important parallels with Vietnam are neither tactical nor practical, but cultural and emotional. Americans are not backward-looking by nature, but the trauma of Vietnam is seared on the national memory like no other event in US history.The debate is suffused with the language of the Vietnam War: “hawks”, “doves” and fear of the “quagmire”. Mr Obama is of the post-Vietnam generation, yet he, too, is haunted by it. Last month he declared: “You never step into the same river twice, and so, Afghanistan is not Vietnam. But the danger of overreach and not having clear goals and not having strong support from the American people, those are all issues that I think about all the time.”Those words perfectly capture the anxiety that is fraying nerves in the White House, a determination to avoid the mistakes of Vietnam, but an inability to see the conflict though any other prism. After the Gulf War, the first President Bush declared triumphantly, and quite wrongly, that America had “kicked the Vietnam syndrome once and for all”.The hawks are quick to point out that the Vietnam analogy is routinely trotted out whenever America goes to war. Over the past 25 years it has been invoked in response to US military action in Lebanon, El Salvador, Somalia, Bosnia, Haiti, Kosovo and Iraq (twice).In terms of scale, Afghanistan is still a far cry from Vietnam, which involved more than half a million US troops and claimed 58,000 American lives. Fewer than 1,000 American troops…

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  • 09:03 - 11.01.2010 News >> Latest

     America slides deeper into depression as Wall Street revels December was the worst month for US unemployment since the Great Recession began. By Ambrose Evans-PritchardComments 165 | Comment on this articleHistory repeating itself? President Obama has been accused by some economists of making the same mistakes policymakers in the US made in the Great Depression, which followed the Wall Street crash of 1929, pictured Photo: AP The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. Wall Street rallied. Bulls hope that weak jobs data will postpone monetary tightening: a silver lining in every catastrophe, or perhaps a further exhibit of market infantilism. The home foreclosure guillotine usually drops a year or so after people lose their job, and exhaust their savings. The local sheriff will escort them out of the door, often with some sympathy –– just like the police in 1932, mostly Irish Catholics who tithed 1pc of their pay for soup kitchens. Realtytrac says defaults and repossessions have been running at over 300,000 a month since February. One million American families lost their homes in the fourth quarter. Moody's Economy.com expects another 2.4m homes to go this year. Taken together, this looks awfully like Steinbeck's Grapes of Wrath. Judges are finding ways to block evictions. One magistrate in Minnesota halted a case calling the creditor "harsh, repugnant, shocking and repulsive". We are not far from a de facto moratorium in some areas. This is how it ended between 1932 and 1934, when half the US states declared moratoria or "Farm Holidays". Such flexibility innoculated America's democracy against the appeal of Red Unions and Coughlin Fascists. The home siezures are occurring despite frantic efforts by the Obama administration to delay the process. This policy is entirely justified given the scale of the social crisis. But it also masks the continued rot in the housing market, allows lenders to hide losses, and stores up an ever larger overhang of unsold properties. It takes heroic naivety to think the US housing market has turned the corner (apologies to Goldman Sachs, as always). The fuse has yet to detonate on the next mortgage bomb, $134bn (£83bn) of "option ARM" contracts due to reset violently upwards this year and next. US house prices have eked out five months of gains on the Case-Shiller index, but momentum stalled in October in half the cities even before the latest surge of 40 basis points in mortgage rates. Karl Case (of the index) says prices may sink another 15pc. "If the 2008 and 2009 loans go bad, then we're back where we were before – in a nightmare." David Rosenberg from Gluskin Sheff said it is remarkable how little traction has been achieved by zero rates and the greatest fiscal blitz of all time. The US economy grew…

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  • 01:50 - 14.05.2010 News >> Latest

     Imposed solution can end Palestinian conflictThe old ways of negotiating between Israel and Palestine have failed. We need a multilateral approach using international law Omar Rahman guardian.co.uk, Friday 14 May 2010 Article history Israel has an extremely close relationship with the central mediator involved in brokering a peace deal, the US, making a solution unlikely. Photograph: Gpo/Getty It is a sign of how far the peace process has retrogressed that the Israelis and Palestinians have now entered into proximity talks, more than 16 years after having started direct negotiations.To make matters worse, nobody – including the actual participants – gives the latest round of talks the slightest chance of success. In fact, many fear that failure will only bolster critics of the peace process by further displaying the ineffectiveness of its methods.So why are they entering negotiations to begin with?The answer is that the international community, led by the Americans, has been unable to extricate itself from the failed paradigm of bilateral negotiations.Over the years, this strategy has been adopted as a given without alternative, disregarding the basic imbalance of power between the two parties.Politically, economically and militarily, Israel is by far the stronger party, not to mention its extremely close relationship with the central mediator involved in brokering a peace deal, the United States. Furthermore, unlike Israel's past negotiations with Egypt and Jordan, the conflict between Israel and the Palestinians is one of an occupier and the occupied, with the latter commanding very little actual leverage.Negotiations under these conditions are bound to fail. Israel will never want to give up enough because it does not need to, and for political and historical reasons the Palestinians cannot afford to accept the pittance they are being offered.What is needed today is a new method of solving this conflict that is capable of breaking the current deadlock while taking better account of the actual politics at play.Alternatives have already manifested on the ground, such as Palestinian Prime Minister Salam Fayyad's plan to establish the institutions of a Palestinian state by August 2011. Although this "third way" (distinct from armed struggle and bilateral negotiations) has received a ringing endorsement from the international community, it is not an end in itself and must be complemented with an overall settlement to the conflict.Barack Obama has already floated the ideas of holding an international conference or providing an American-imposed plan on the final-settlement issues (borders, Jerusalem, refugees etc) if the proximity talks fail to produce any results.Regardless, the desire for a new approach is palpable as parties beyond the United States are pushing to take a more active role.Given the political realities of today, the conflict needs a multilateral approach, which would be beneficial in several ways. First of all, not only…

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  • 06:42 - 04.05.2010 News >> Latest

     NYC Bomb Suspect's Conn. Home Was in ForeclosureBy THE ASSOCIATED PRESS NEW YORK (AP) -- Court records show that the suspect in the failed Times Square bombing defaulted on a $200,000 mortgage on his Connecticut home and that the property is in foreclosure. Records obtained by The Associated Press show that Chase Home Finance LLC sued Faisal Shahzad (FY'-sul shah-ZAHD') in September to foreclose on the home in Shelton. Authorities say they arrested Shahzad at New York's Kennedy Airport on Monday night on a plane about to leave for Dubai. The foreclosure records show Shahzad took out the mortgage on the property in 2004, and he co-owned the home with a woman named Huma Mian. The foreclosure case is pending in Milford Superior Court. A message was left Tuesday with an attorney for Chase's law firm. The records show Shahzad and Mian didn't have lawyers for the case.  

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  • 07:33 - 07.08.2009 News >> Latest

      Olbermann and O'Reilly, Again       " For viewers, the constant attacks have been a grand spectator sport, but their bruising nature has at times been painful to watch. Olbermann started the assault on "Bill-O" five years ago as a way of boosting his fortunes against "The O'Reilly Factor," which roughly triples his ratings; O'Reilly refuses to mention the "Countdown" host by name, instead training his ammo on MSNBC, NBC and Immelt."     

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U.S.S. Ponce trolling in Middle East

Pentagon to send floating base to Mideast

The Navy is converting an aging warship it had planned to decommission into a makeshift staging base for commandos as tensions rise with Iran, al-Qaeda in Yemen and Somali pirates, among other threats.

 Merriam-Webster - ponce: British: pimp, or a male homosexual

 
Mitt: Inevitable, Again?
PHOTOGRAPH: CHIP SOMODEVILLA/GETTY IMAGES

Inevitable, Again?

"Newt, for his part, looked increasingly forlorn. His performance was so dismal it demands explanation. I can only suspect that, after several days of relentless attacks from all corners of the Republican Party, from figures as far apart as Bob Dole and Elliot Abrams, he knew he was finished even before he stepped on the stage. In retrospect, his ludicrous proposal to establish a lunar colony by 2020 was a sign of desperation."
 
When Contractors Build for Themselves
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A Contractor Spills His Secrets

A builder of luxury homes reveals how he created his weekend retreat on a budget.

"He chose solid cherry cabinets in the bedrooms, kitchens and bathrooms; he said cabinets aren't the place to cut corners because they're highly visible. The quality of a house also shows in its doors; the home's doors are solid mahogany and 1¾ inches thick, instead of the standard 1 3/8 inches. He made the ceilings higher than standard—12½ feet in some places."

 
Obama: "A first term ending in a whimper"

The union’s state is dire

Barack Obama’s big speech to Congress was mainly a bit of electioneering

Mr Obama’s problem is that Americans simply do not believe these good tidings. More than 48% of them disapprove of the way he is doing his job. More than 65% believe that the country is on the “wrong track”.

 
Party School USC Upset With its Depiction

"Undergrads," a series produced by James Franco, depicts a band of hard-partying students having run-ins with the law. The administration is not happy.

"More accurately representative of USC are the students who provide hundreds of hours in community service, who rank among the country's most academically and artistically gifted, and who value diversity in cultures, nationalities and socio-economic backgrounds among their peers, said Michael L. Jackson, vice president of student affairs, in a statement". LOL

 
The End of the Peyton Manning Era?

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The End of the Peyton Manning Era?

“This should end with an entire region paying tribute to the greatest Indianapolis Colt of all time, not a blizzard of words.”

 
Madonna - Back from the Dead

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Madonna Watches the Throne

Madonna, as she preps for the release of her new movie "W.E." and a performance at the Super Bowl, sounds off about her music, her movies, and internet leaks.

 
"Wall Street is about to get Facebook fever"

facebook

 Wall Street clicks 'like' on Facebook IPO

Beyond minting an estimated 1,000 new millionaires at the company, Facebook's initial public stock offering could provide a huge boost to Wall Street investment banks sorely in need of a hot stock to excite investors. The right to manage the IPO will also generate an estimated $250 million in fees.

 

 
Bill Gates: "I wrote Steve Jobs a letter"

 

Bill Gates: 'I wrote Steve Jobs a letter as he was dying. He kept it by his bed’

Change the world: 'If you have a dream and it comes true, it’s a very cool thing,’ says Bill Gates - 'I wrote Steve Jobs a letter as he  was dying. He kept it by his bed’

Bill Gates talks about friendly rivalry and how to get bankers to part with their money.

 
"Gingrich Falls Short in a Crucial GOP Debate"

Gingrich Falls Short in a Crucial GOP Debate

Gingrich Falls Short in a Crucial GOP Debate

"There was only one question going into Thursday night's Republican debate in Jacksonville, Fla.: Would Newt Gingrich win, or would he lose?"

He lost. And even worse for Gingrich, Mitt Romney won.

 
Recipe for a Loveless ( GOP ) Marriage
 
Israel persuades Europe on Iran sanctions

 

Sanctions aimed at averting wider conflict


European and United States experts on Iran claim that fear of a new war is the key reason the European Union decided to phase out purchases of Iranian oil. In particular is the belief that Israel is planning an attack on Tehran's nuclear installations

"There is particular concern that Israel might act in 2012 out of concern that Iran is nearing nuclear weapons capability and in the belief that the Barack Obama administration would be obliged to support Israel in a US presidential election year"

 
States’ Drive to Collect Taxes on Internet Sales

States’ Drive to Collect Taxes on Internet Sales Is a Blow to Marketers


An Illinois tax measure led Tim Storm to move the company he founded, FatWallet, to Wisconsin.

“We didn’t really have a choice about relocating the business,” Mr. Storm said. “It was relocate or become irrelevant.” 

 
NYT: In China, Human Costs Are Built Into an iPad

In China, Human Costs Are Built Into an iPad

By CHARLES DUHIGG and DAVID BARBOZA
An explosion last May at a Foxconn factory in Chengdu, China, killed four people and injured 18. It built iPads.

An explosion last May at a Foxconn factory in Chengdu, China, killed four people and injured 18. It built iPads.

A staggering manufacturing system in China has made it possible for Apple and other companies to make devices almost as quickly as they can be dreamed up, but for workers, it can be dangerous.

 
Gingrich Opens Up an Effective Line of Attack on Romney
Newt Gingrich and his wife, Callista, attending a Tea Party rally in Mount Dora, Fla., on Thursday.

Gingrich Opens Up New Line of Attack on Romney

Look for Newt Gingrich to abandon his above-it-all “presidential” tone at Thursday’s debate and come out rip-roaring about Mitt Romney’s investments that, Mr. Gingrich contends, profited from home foreclosures in Florida.

Mr. Gingrich was referring to a report on, of all places, the left-leaning Web site Think Progress on Wednesday, which claimed that an examination of Mr. Romney’s personal financial disclosure from last year showed he and his wife owned shares of a Goldman Sachs fund that invested in mortgage-backed securities. It linked the fund to “thousands” of foreclosure proceedings against Floridians.

 
You can give them everything but they remain stupid.

 

Oscar De La Hoya sued by escort over 'assault during hotel room orgy’

Oscar De La Hoya sued by escort over 'assault during hotel room orgy’

Oscar De La Hoya, the 10-time world champion boxer, is being sued by an escort who claims that he assaulted her during a drug-fuelled orgy in a New York hotel room

 
Romney had a Swiss bank account

Not all Romney income is on ethics forms

Some investments in Mitt and Ann Romney's 2010 tax returns, including a now-closed Swiss bank account, were not explicitly disclosed in a personal financial statement.
 
Obama, Apple, Mrs. Jobs, and JOBS

Obama, Mrs. Jobs, and Apple

Apple doesn’t manufacture here and it doesn’t expect ever to do so. “Those jobs aren’t coming back,” Jobs reportedly told Obama at a dinner when the President asked whether it would be possible to make iPhones in America.

 
The "Real" Kim Dotcom - Who Cares?

Kim Dotcom

Kim Dotcom's brash jetset image 'hid sharp business mind'

Another former business colleague, again speaking anonymously, said Dotcom was "a very smart guy, very clever, very quick on the uptake, very driven, very pedantic". While he was trustworthy – "within reason" – he at times showed symptoms of "anger issues", and too often "thought money could fix everything", she said. "He likes playing God."

 
How Rich is Buffett's Secretary?

How Rich is Buffett's Secretary?

How Rich is Buffett's Secretary?

This morning's reports—that Debbie Bosanek pays a tax rate of 35.8 percent of her income—are confusing.

 
Jeb Bush Fighting Last War

Jeb Bush: Winning Hispanics back

Jeb Bush: Winning Hispanics back

Jeb Bush

Republicans will need the group to take the White House.

"When we hear foreign languages in the streets of America, that is a validation of the Republican vision to create a place where people want to come and make their lives."

 
The Secret to Going Viral
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The Secret to Going Viral

Marketers want to boil down people's sharing behavior to one, easy equation, but that's not how social networks work.

Felix Salmon articulates this sentiment at the Columbia Journalism Review's Audit desk "HuffPo is built on the idea that when stories are shared on Twitter or Facebook, that will drive traffic back to huffingtonpost.com, where it can then monetize that traffic by selling it to advertisers," writes Salmon. "But in future, the most viral stories are going to have a life of their own, being shared across many different platforms and being read by people who will never visit the original site on which they were published."

 

 
Romney Recovering in Florida

Florida Polls Favor Mitt

Florida Polls Favor Mitt

Two new voter surveys suggest Romney has a big lead over Gingrich among college grads and non-evangelicals

Part of Romney's advantage is that Rick Santorum draws slightly more from the groups favorable to Gingrich than from the groups that tilt toward Romney. Most dramatically, Santorum in the survey attracts 18 percent from Tea Party supporters

 
Obama in Tarmac Dust-up
Ariz. Gov. Brewer in an intense conversation with Obama.

Ariz. Gov. Brewer in an intense conversation with Obama. (AP)

Obama’s dust-up in the desert

David Nakamura

Arizona Gov. Jan Brewer and the president spar over her immigration book on tarmac in Phoenix.

 
Encircling China

US opens talks to establish Philippines foothold

US opens talks to establish Philippines foothold

Washington has opened talks to establish a military foothold in the Philippines to counteract China's rise in the Pacific.

"The news that the Pentagon is contemplating a return to the Philippines is certain to anger Beijing. China has already protested about the plan to increase the presence of US forces in the region, which it sees as an attempt both to encircle it and to counter its influence in southeast Asia. America already has large bases in Japan and South Korea."

 
Navy's new drone - X47B - is a "game changer"

Able to be flown autonomously by computers aboard ship, the X-47B could usher in an era when death and destruction can be dealt by machines operating semi-independently.

""It's a different world from just a few years ago — we've entered the realm of science fiction in a lot of ways. New rules have to be developed as new technology comes about, and this is a big step forward."

 
Rush Limbaugh: Resentment Fueled Gingrich's Rise

Rush Limbaugh - JOSEPH KACZMAREK AP - banner.jpg

Rush Limbaugh: Resentment Fueled Gingrich's Rise

Why did those questions tee Newt up, and why did Newt know what to do with them? Very simple. I've been doing this show for 23 years, and one of my themes from the beginning, from 1988, has been that the American conservative middle class are the ones playing by the rules. They are the ones that obey the law to the best of their ability. They raise their kids. They try to shield their kids from cultural rot and depravity. They try to keep them off drugs. They try to get them into college......

 
The Billionaire Magnate Bankrolling Gingrich

The Billionaire Magnate Bankrolling Gingrich

The Billionaire Magnate Bankrolling Gingrich

Sheldon Adelson is reshaping the 2012 presidential race.

 
Newt: "Bring it out"

Newt vs. Nancy: She has 'something' on him, he demands to know what it is

"Let me just say this. That will never happen," she said. "He's not going to be President of the United States ... Let me just make my prediction and stand by it, it isn't going to happen."

 
Facebook's Subscribe option is an "organic discovery mechanism"

 

 Is Facebook 'Subscribe' for real? Booming new traffic explained

Is Facebook 'Subscribe' for real? Booming new traffic explained

As their Facebook "subscriber" lists have spiraled upward -- into the thousands and tens of thousands in recent weeks -- many journalists have looked on in awe and wonder.

 

 
The Obamas Can't Get No French Satisfaction

  	President Barack Obama and first lady Michelle Obama walk out to greet South Korean President Lee Myung-bak and his wife Kim Yoon-ok at the North Portico of the White House in Washington, Thursday, Oct., 13, 2011, prior to a State Dinner. (AP Photo/Pablo Martinez Monsivais

Fashion writer 'praises' Obamas for teaching African-American people how to dress

French Elle writer manages to shock and offend with one story.

"Things get even more baffling when she dubs the Obamas the “black-geoisie” who dress "white" but still maintain their ‘blackness” with symbols."

 
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