Tuesday, September 16, 2008

SPB News for Tuesday.


Could Obama and Barbra break a record in Beverly Hills? — The polls are one thing, but it sounds like Barack Obama might make progress in other ways during two ultra-rich Beverly Hills fund-raisers Tuesday. According to Politico, the events could raise more than $9 million, which, if it happens, would be a one-day record.
Lehman hires Jeb Bush as private equity advisor 30 Aug 2007 Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said. Lehman hired another relative of U.S. President [sic] George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.

Fed Adds Most Reserves Since 9/11 as Banks Hoard Cash The Federal Reserve added $70 billion in reserves to the banking system, the most since the September 2001 terrorist attacks, to reverse a surge in borrowing costs sparked by the collapse of Lehman Brothers Holdings Inc.

Iraq: Al-Qaida intensifies its stranglehold in the world's most dangerous city Mosul - the de facto capital of northern Iraq - should have been as safe as Basra and Baghdad if a massive military offensive by Iraqi and US forces, which was launched in May, had succeeded. But most al-Qaida 'insurgents' slipped away before it began - and they are now slipping back. In the past month, dozens of people have been killed in violence ranging from roadside bombs to random shootings, car bombs and attacks targeted at specific individuals.

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