Tuesday, March 03, 2009

SPB News for Tuesday.





Madoff hopes to keep home, $62m
$7m Manhattan penthouse, $62m in assets 'unrelated' to fraud, he claims

Scandal-Ridden Blackwater CEO Steps Down The CEO and founder of the scandal-ridden security firm once known as Blackwater USA resigned Monday morning as part of the company's attempt to rebrand itself after being fired earlier this year by the State Department from its job protecting diplomats in Iraq. The [mercenary] firm officially changed its name last month from Blackwater to Xe. Erik Prince, a former Navy SEAL and the son of a wealthy Republican campaign donor, founded Blackwater in 1997.

Taliban rivals unite to fight US troop surge --Taliban rivals unite to fight US troop surge Three rival Pakistani Taliban groups have agreed to form a united front against international forces in Afghanistan in a move likely to intensify the insurgency just as thousands of extra US soldiers begin pouring into the country as part of Barack Obama's surge plan. The Guardian has learned that three of the most powerful warlords in the region have settled their differences and come together under a grouping calling itself Shura Ittihad-ul-Mujahideen, or Council of United Holy Warriors.

New credit threat to banks Bad debts and the global downturn are threatening the credit ratings of Australia's Big Four banks, while new figures show business profitability is suffering its biggest fall in almost two decades.

Angry McCain slams Obama — Long delayed but not shrunken with time, a nearly $410 billion omnibus spending bill is fast becoming a great bone in the throat for Democrats and the White House, just when each hoped to put the past behind them and move onto President Barack Obama's new 2010 budget.

Obama kicks up White House entertaining — WASHINGTON (AP) - The White House is the place to be on Wednesdays. — Since the presidency changed hands less than six weeks ago, a burst of entertaining has taken hold of the iconic, white-columned home of America's head of state. Much of it comes on Wednesdays.

No comments: