Tuesday, March 25, 2008

Pakistan PM frees detained judges; DoJ gives approval to XM, Sirius merger; Clinton calls for emergency actions to prevent foreclosures...

25 March :: Yousaf Raza Gillani, newly appointed Pakistan PM of coalition gov't frees judges deposed, detained under Musharraf's martial law decree; Gillani was once jailed by Musharraf over corruption allegations when he seized power... US Dept. of Justice yesterday announced approval merger of two satellite radio giants XM and Sirius, leading to potential absolute monopoly of satellite radio market... Sen. Hillary Clinton yesterday called for $30 billion for states to reduce incidence of foreclosures, also proposing a "high-level emergency working group" made up of former top finance and economic officials to tackle economic crisis; Barack Obama's campaign has countered that he has called for a "homeownership preservation summit", claiming that his panel would include more diverse economic interests and points of view; Clinton noted that "The Fed extended a $30 billion lifeline to prevent Bear Stearns from imploding,” adding that "Homeowners, on the other hand, have received next to no assistance. Well, let’s be clear — when families are losing their homes, that’s also a financial crisis"...

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