Fatster’s Roundup
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Greetings.
International Developments
? “U.S. Aid To Syrian Rebels Delayed by Congress” due to “fears that such arms deliveries will not be decisive and might end up in the hands of Islamist militants”.
? “At least 17 people including women and children have been killed by a roadside bomb in . . . western Afghanistan.”
? “U.S. Considers Faster Pullout In Afghanistan”.
? “Car bomb rocks south Beirut suburbs”.
? “Egypt Interim President Sets Parliamentary Elections By February.” Update: “Egypt’s army warns over disruption after Morsi deposed.”
? “Death toll hits 13 amid revelations Quebec firemen may have cut power to runaway train’s brakes.” Update: “Fire chief angrily denies suggestion his crew played role in deadly Lac-Megantic train disaster.” Reuters: “How a train ran away and devastated a Canadian town.” BBC: “Blame game: A rail firm and fire departmentappear to be pointing the finger at one another”. Update: “Criminal probe” underway.
? “Police investigate Rupert Murdoch over secretly recorded meeting”, “[C]onspiracy to commit misconduct in public office”. Murdoch “‘welcomes’ chance to face MPs again.”
International Finance
? “Secret TPP Deal Would Void Democracy” because of all the power given by the treaty to corporations.
Money Matters USA
? Matt Yglesias explains Standard & Poor’s defense of US Justice Department charges that S&P “understated the credit risks of mortgage backed securities.” The defense? “No Reasonable Investor Would Take Us Seriously.”
? Twinkies may be back, but the wages aren’t. A forklift operator, making $16.53/hour before the plant closed, will now be making about $11/hour.
In Hot Pursuit
? “Uruguay’s first lady, Senator Lucia Topolansky, said . . . that her country would consider giving asylum to . . . Edward Snowden.”
? Some might call it Pie in the Sky: “Operation Exodus: The Snowden Accompaniment Flytilla to Political Asylum in Venezuela.” [cont’d.]