Sunday, Nov 24th
Last update08:57:41 AM GMT
Christopher Cox, the chairman of the Securities and Exchange Commission and a longtime proponent of deregulation, acknowledged on Friday that the voluntary supervisory program of Wall Street’s largest investment banks had contributed to the global financial crisis and abruptly shut the program down.
The agency’s oversight responsibilities will largely shift to the Federal Reserve.
More than half of all amphibian species in Europe could become extinct by 2050 because of a combination of habitat loss, infectious diseases and the effects of climate change, scientists have found.
Sources say Alberto Gonzales now claims that President Bush personally directed him to John Ashcroft's hospital room in the infamous wiretap renewal incident—and that in another instance the President asked him to fabricate fictitious notes
Secretary of State Condoleezza Rice recently became the first Bush administration official to admit that high-level discussions of the use of torture had taken place in 2002 and 2003.
According to a written statement provided to the Senate Armed Services Committee earlier this month and released on Wednesday by committee chairman Sen. Carl Levin (D-MI), officials were told that waterboarding and other "harsh interrogation measures" routinely used in a survival training program for US soldiers would not cause "significant" harm if used on prisoners.
Under the government plan, the long-gone CEOs would not have to give anything back, said Steven W. Adamske, a spokesman for the House Committee on Financial Services. He said there was no constitutional way to recoup pay retroactively.
Meanwhile, the former CEOs who accepted fat severance packages from the banks at the heart of the crisis are long gone.
For the first time ever, the US military is deploying an active duty regular Army combat unit for full-time use inside the United States to deal with emergencies, including potential civil unrest.
Beginning on October 1, the First Brigade Combat Team of the Third Division will be placed under the command of US Army North, the Army’s component of the Pentagon’s Northern Command (NorthCom), which was created in the wake of the September 11, 2001 terrorist attacks with the stated mission of defending the US "homeland" and aiding federal, state and local authorities.
Colorado Democrats accused a Republican county clerk Wednesday of falsely informing Colorado College that students from outside the state could not register to vote if their parents claimed them as a dependent on their tax returns.
At a news conference in Colorado Springs, Democrats also criticized Robert Balink, the El Paso County clerk and recorder, who was a delegate to the Republican National Convention, for taking other steps they said would dampen voting by college students, who are expected to heavily favor Democratic presidential candidate Barack Obama.
President Peres of Israel yesterday met for the first time with Governor Palin and with Senator McCain, who called the veteran Israeli statesman "my old friend." The warm handshake and exchange of broad smiles occurred during an international gathering known as the Clinton Global Initiative, hosted by President Clinton. "I wanted to meet you for many years," Ms. Palin told Mr. Peres, according to an aide to the president. "The only flag at my office is an Israeli flag," she was quoted as saying, "and I want you to know and I want Israelis to know that I am a friend."
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