Showing posts with label credit crisis. Show all posts
Showing posts with label credit crisis. Show all posts

Wednesday, March 12, 2008

Democrats propose ex-parte defense right for telecoms, no immunity; CentCom commander resigns amid perceptions of opposition to Bush Iran policy...

12 March :: Democrats propose permitting telecom firms to defend themselves in ex parte communications with judges, away from view of plaintiffs, where evidence includes classified national security information; move is designed to allow court cases to move forward, permit phone companies right to mount defense, but with no offer of retroactive immunity for any potential violations of federal law; move is challenge to White House whose complaint about lawsuits was from concern over release of classified information... Admiral William Fallon, head of US Central Command, which oversees entire Middle East, East Africa, South Asia region, resigns amid growing press reports of rift between admiral, White House over possible war with Iran; recent Esquire magazine article called Fallon "the strongest man standing between the Bush Administration and a war with Iran"; Fallon himself has said there are no actual policy differences, though some observers expresss concern he may have been forced to step down... In effort to stave off further deterioration in credit, banking, real estate markets, "The US Federal Reserve, the European Central Bank and central banks in the UK, Canada and Switzerland will inject billions of dollars into money markets"; some $200 billion in loans to banks is designed to promote expansion of lending to individuals, small businesses... Scientists achieve direct command-structure between chemical-molecular "brain", mulitple nano-devices, leading to potential direct remote control for nanotech-equipped robotic devices, far more efficient computing capabilities...

Wednesday, December 5, 2007

Supreme Court hears Guantanamo habeas complaint against military tribunals; NIE position on Iran meshes with military intelligence...

5 December :: US Supreme Court hearing case of prisoners held at Guantánamo Bay naval base, without charge or due process, who now argue 2006 military tribunals legislation violates the US Constitution because it strips defendants of habeas corpus rights; LA Times reports "the detainees do not have lawyers and have no right to challenge the evidence against them" and that "Some of the men were picked up by bounty hunters in Afghanistan, who were paid $5,000 for turning over Arab men to U.S. soldiers"... Speculation emerges Pentagon used NIE to voice its opposition to White House Iran policy, as 9 of 16 US spy agencies that form NIE report are military; top Pentagon officials say no policy intervention in NIE, but that military intelligence looks at intent or threat level, not scientific knowhow, that Iran could eventually restart program, but war is not presently advisable... TIME reports unnecessary use of Social Security numbers rampant, puts consumers at serious risk of identity theft; private companies, utilities, and ISPs do not need a Social Security number, nor can they, by law, demand it; Verizon is listed as repeatedly insisting it is necessary to open an account, while their own website warns that giving out such information puts consumers at risk of identity theft; in November, the FTC released data showing that "in 2005, the last year for which there's data, 8.3 million Americans were victims — almost 4% of all adults in this country"... Bush to announce plan to freeze mortgage rates for 5 years, for homeowners at risk of losing homes as adjustable rates suddenly rise...

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