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Thursday, June 19, 2008

Weekend Explorer

Weegee's photos from the 1930s and '40s defined Manhattan as a film noir nightscape of gansters, bums, slumming swells and tenement dwellers.

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Fueling China's Growth

Khiem Do, manager of the Asia Pacific Fund, says the move by China to ending fuel-price subsidies will benefit oil refiners and won't constrain consumer spending.

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China's Fuel Move May Spur Demand

China raises its fuel prices by 18%, and Tina Vital, equity analyst at S&P, tells MarketWatch's Kelsey Hubbard that a decrease in subsidies could help Chinese refiners and consumers, but that in turn could increase demand.

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What is SUSTAINABLE SECURITY? CAP's Gayle Smith

http://www.americanprogress.org/issues/2008/06/sustainable_security.html That much of the world has lost faith in America bodes ill for our national security because our role in the world is secured not simply by our military power or economic clout, but also by our ability to compel other nations to follow our lead. The next president will have the opportunity to craft a modern national security strategy that can equip the United States to lead a majority of capable, democratic states in pursuit of a global common good�a strategy that can guide a secure America that is the world's �champion for all of us.� But positioning America to lead in a 21st century world will take more than extending a hand to our allies, fixing a long list of misdirected policies, or crafting a new national security strategy that is tough but also smart. With globalization providing the immutable backdrop to our foreign policy, America is today competing on a global playing field that is more complex, dynamic, and interdependent and thus far less certain than in the past. Leading in this new world will require a fundamental shift from our outdated notion of national security to a more modern concept of sustainable security�that is, our security as defined by the contours of a world gone global and shaped by our common humanity. Sustainable security combines three approaches: * National security, or the safety of the United States * Human ?security, or the well-being and safety of people * Collective ?security, or the shared interests of the entire world Sustainable security, in short, can shape our continued ability to simultaneously prevent or defend against real-time threats to America, reduce the sweeping human insecurity around the world, and manage long term threats to our collective, global security. This new approach takes into account the many (and ongoing) changes that have swept our planet since the end of the Cold War and the fall of the Soviet Union.

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Goldman exec's sober message

Americans need to work harder and save more, and the U.S. government must decrease spending so the country can break its addiction to foreign capital, Robert Hormats, vice chairman of Goldman Sachs (International), tells MarketWatch's Alistair Barr.

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Lawmakers Agree on Government Spy Powers

WSJ's Siobhan Gorman parses a new agreement that broadens the authority to spy on people in the U.S. and provides conditional legal immunity to companies that helped the government eavesdrop after the 2001 terrorist attacks. (June 19)

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From Trash to Electricity- The Power of Methane

Electric and natural gas distributor Exelon taps landfills for an alternative energy source. It is using methane gas, generated by the decomposition of waste, to power generators that ultimately create electricity. Video courtesy of Fox News. (June 19)

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Michelle Obama on Parenting, Potlucks and Pantyhose

Michelle Obama, wife of presidential Democratic nominee Sen.Barack Obama, displays her softer side following criticism accusing her of being unpatriotic and elitist. Video courtesy of Fox News. (June 19)

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Ante Up for Africa - Las Vegas Poker Tournament for Darfur

http://www.anteupforafrica.org/ http://www.enoughproject.org/ The ENOUGH! Project to stop Genocide & Crimes Against Humanity is once again partnering for the 2nd annual Ante Up for Africa, No Limit Texas Hold-Em Tournament in association with the World Series of Poker. Proceeds from the event will once again go to charities that provide aid and assistance to the survivors of the crisis in Darfur, Sudan and support activism dedicated to resolving this crisis. Last year we raised over $700,000 and hope to exceed that this year on July 2nd at 2pm at the WSOP� in the Rio All-Suite Hotel and Casino. The situation in Darfur, although improved in some ways since our tournament last year, continues to be perilous. Government forces in Sudan embarked upon a campaign of ethnic cleansing that has to date resulted in 400,000 dead and almost 4 million people displaced, living in squalor in refugee camps on the Chad/Sudan border. Deployment of peacekeeping troops has been authorized but helicopters and other supplies are needed to make this a reality. A new U.S. envoy has begun high level talks with the Sudanese government and the International Criminal Court has indicted two top Sudanese officials with more indictments expected to come so pressure is definitely mounting. Last year companies were just beginning to divest themselves of holdings in those entities doing business with Sudan. Now, among others, Berkshire Hathaway and Fidelity have sold all of their holdings in companies that do business there. This is tens of millions of dollars of divestiture. Also 22 states in the U.S. have passed laws barring their pension funds from investing in companies doing business in Sudan. Other states, including Nevada, have initiatives pending to accomplish the same thing. Our hope is that through efforts like Ante Up For Africa, we can continue to keep the issue in the spotlight while providing real funds to support the efforts of peacekeepers and aid workers on the ground.

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Obama Declines Public Funds; Flush With Cash

Barack Obama became the first presidential candidate in history to opt out of public financing for the election, giving up $85 million. He has raised double what John McCain has. (June 19)

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Kotecki- 06/19/08

Barack Obama softens up his NAFTA language, and Muslim women with headscarves aren't allowed to sit behind the podium at an Obama speech.

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Kotecki- 06/19/08

Barack Obama softens up his NAFTA language, and Muslim women with headscarves aren't allowed to sit behind the podium at an Obama speech.

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Offshore Drilling Appeals With Gas at $4

With gas reaching record prices, Congress reviews President Bush's proposal to end the ban on offshore drilling. Video courtesy of Fox News (June 19)

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Playback 6/19/08

McCain and Obama make peace for Russerts

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YOU'RE SO MONEY! Obama's Opt Out Flip Flop

YOU'RE SO MONEY! Obama's Opt Out Flip Flop

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