THE FLASHLIGHT, November 15-21, 2008
THE FLASHLIGHT
November 15-21, 2008
No Peace without Justice, no Justice without the Facts
Mary K. Matossian, Editor
mary@matossian.net, Apt. 9-M
US Economy
PBS 11-14. The US Treasury is no longer buying the bad assets of banks.
NYTimes 11-15. The computer industry is beginning to feel the bite of the economic downturn. Intel, Nokia, and Cisco warned of slowing sales. In the second week of November Google stock fell belong 300. Some companies which still had large cash reserves were Cisco ($27 billion), Apple ($24 billion) and Google ($14 billion). These three companies may use their reserves to acquire struggling competitors.
NYTimes 11-17. Citigroup’s stock is down 75%. It has discharged c. 52.000 employees.
NY Times 11-19. US auto manufacturing chiefs failed to convince Congress that it should provide a bridge loan for their companies of $25 billion.
PBS 11-20. The Dow Jones fell to 7552, lower than the predicted market bottom of 7789. The viability of Citibank is in doubt.
US Politics
The Economist. 11-15, [a British based conservative journal] Editorial. The U.S. Republican Party has lost its intellectual respectability and become a party of “white trash pride.” For several decades Republican leaders have believed that ideas have consequences. But idiocy also has consequences.
The New York Times 11-15. Sarah Palin promotes “the sad, threadbare hoax of sexual abstinence as the answer to the sizzling loins of the young.”
MSNBC 11-14 and Amazon.com. New book, The Limits of Power; The End of American Exceptionalism. By Col. Andrew Basevich. “War is not the answer to the challenges we face…and to persist in following that path is to invite inevitable overextension, bankruptcy, and ruin.” He says that the proper response to terrorism is police action on a global scale, not military action.
CNN 11-18. Eric Holder, an African-American lawyer close to Obama, will be nominated the next Attorney General. PBS 11-19. Tom Daschle, former Democratic Senate leader, will be Secretary of Health and Human Services. Greg Craig will be the President’s Counsel [lawyer]. Jane Napolitano, Governor of Arizona, skilled in handling immigration issues, will be Secretary of Homeland Security. Sen. Hilary Clinton is being considered for Secretary of State.
Israel
New York Review of Books, 12-4. On Sept. 21 Prime Minister Ehud Olmert said to the Knesset: “We must seek an agreement with the Palestinians, meaning withdrawal from nearly all, if not all, of the occupied territories, including Jerusalem.”
Haaretz 11-20. In Hebron, West Bank, there are 650 Jewish settlers guarded by Israel troops living in the heart of a town of 180,000 Palestinians. Recently there have been clashes between Jewish settler activists and the Israel security forces. On Sunday the High Court of Israel ordered the settlers to evacuate a house after it was determined that they had forged ownership documents. The settlers refused. They threw stones at their Palestinian neighbors and spread graffiti on a mosque and Palestinian homes
November 15-21, 2008
No Peace without Justice, no Justice without the Facts
Mary K. Matossian, Editor
mary@matossian.net, Apt. 9-M
US Economy
PBS 11-14. The US Treasury is no longer buying the bad assets of banks.
NYTimes 11-15. The computer industry is beginning to feel the bite of the economic downturn. Intel, Nokia, and Cisco warned of slowing sales. In the second week of November Google stock fell belong 300. Some companies which still had large cash reserves were Cisco ($27 billion), Apple ($24 billion) and Google ($14 billion). These three companies may use their reserves to acquire struggling competitors.
NYTimes 11-17. Citigroup’s stock is down 75%. It has discharged c. 52.000 employees.
NY Times 11-19. US auto manufacturing chiefs failed to convince Congress that it should provide a bridge loan for their companies of $25 billion.
PBS 11-20. The Dow Jones fell to 7552, lower than the predicted market bottom of 7789. The viability of Citibank is in doubt.
US Politics
The Economist. 11-15, [a British based conservative journal] Editorial. The U.S. Republican Party has lost its intellectual respectability and become a party of “white trash pride.” For several decades Republican leaders have believed that ideas have consequences. But idiocy also has consequences.
The New York Times 11-15. Sarah Palin promotes “the sad, threadbare hoax of sexual abstinence as the answer to the sizzling loins of the young.”
MSNBC 11-14 and Amazon.com. New book, The Limits of Power; The End of American Exceptionalism. By Col. Andrew Basevich. “War is not the answer to the challenges we face…and to persist in following that path is to invite inevitable overextension, bankruptcy, and ruin.” He says that the proper response to terrorism is police action on a global scale, not military action.
CNN 11-18. Eric Holder, an African-American lawyer close to Obama, will be nominated the next Attorney General. PBS 11-19. Tom Daschle, former Democratic Senate leader, will be Secretary of Health and Human Services. Greg Craig will be the President’s Counsel [lawyer]. Jane Napolitano, Governor of Arizona, skilled in handling immigration issues, will be Secretary of Homeland Security. Sen. Hilary Clinton is being considered for Secretary of State.
Israel
New York Review of Books, 12-4. On Sept. 21 Prime Minister Ehud Olmert said to the Knesset: “We must seek an agreement with the Palestinians, meaning withdrawal from nearly all, if not all, of the occupied territories, including Jerusalem.”
Haaretz 11-20. In Hebron, West Bank, there are 650 Jewish settlers guarded by Israel troops living in the heart of a town of 180,000 Palestinians. Recently there have been clashes between Jewish settler activists and the Israel security forces. On Sunday the High Court of Israel ordered the settlers to evacuate a house after it was determined that they had forged ownership documents. The settlers refused. They threw stones at their Palestinian neighbors and spread graffiti on a mosque and Palestinian homes
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