Saturday, July 11, 2009

Credit crisis is far from over Newsletter - July 11, 2009

Credit crisis is far from over Newsletter - July 11, 2009

“Looking for a souvenir of the credit crisis? The Museum of American Finance, located on Wall Street, sells a set of five posters from its credit crisis exhibit. ‘Depicts key events from February 2007 through early March 2009 and also features an overview of the crisis, important terms and explanations of key moments.’ At just $12, it is an affordable gift, too. The problem with such posters is that they suggest the crisis is over. But it is not, a fact that is starting to dawn on many investors. Until recently the market tone was being set by talk of “green shoots” and economic recovery. Now, there is more talk of weeds – or even manure when the state of the US economy is described.” Aline van Duyn

On Wall Street: Credit crisis is far from over - 'Green shoots' turn to weeds By Aline van Duyn. Copyright The Financial Times Limited 2009. Published: July 10 2009 19:52 | Last updated: July 10 2009 19:52 http://www.ft.com/cms/s/0/8f9c785c-6d7f-11de-8b19-00144feabdc0.html

Treasury pushes ahead with toxic asset plan By Krishna Guha in Washington. Copyright The Financial Times Limited 2009. Published: July 9 2009 01:01 | Last updated: July 9 2009 01:01 http://www.ft.com/cms/s/0/6ad90212-6c1a-11de-9320-00144feabdc0.html

US consumer delinquencies hit new highs - Consumers delay bank card and home equity payments By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: July 7 2009 14:57 | Last updated: July 7 2009 14:57. Soaring unemployment has pushed credit card and home-equity delinquencies to record levels as US consumers struggle with the loss of income, household wealth and sputtering investments, the American Bankers Association said on Tuesday http://www.ft.com/cms/s/0/c37761fe-6afb-11de-861d-00144feabdc0.html



International

Obama and Medvedev agree arms deal - Russia also approves Afghan transit By Stefan Wagstyl in Moscow. Copyright The Financial Times Limited 2009. Published: July 6 2009 11:33 | Last updated: July 6 2009 17:06 http://www.ft.com/cms/s/0/6afd36b4-6a12-11de-ad04-00144feabdc0.html

Obama urges end to cold war distrust - Russians ‘to decide’ future world order By Catherine Belton and Stefan Wagstyl in Moscow. Copyright The Financial Times Limited 2009. Published: July 7 2009 12:05 | Last updated: July 7 2009 12:05. Barack Obama on Tuesday called on Russia and the US to shake off cold war distrust and forge a new global partnership as he bid to ‘reset’ strained relations between the two countries. The US president emphasised the need to move beyond the cold war days of zero sum thinking and, in a clear call for greater democracy, told Russians that it was up to them to help decide the future world order. http://www.ft.com/cms/s/0/40b31ff2-6ae1-11de-861d-00144feabdc0.html

A Proudly Normal Election By JACOB RAMSAY. Copyright by The New York Times. Published: July 7, 2009. One sign of Indonesia’s democratic progress has been the obsession with opinion polls in the lead-up to Wednesday’s presidential election, a vote that takes Indonesia a further step toward consolidating its democratic system. http://www.nytimes.com/2009/07/08/opinion/08iht-edramsay.html?ref=global

Obama calls for good governance in Africa - In Ghana, US president urges Africans to take charge © Reuters Limited. July 11, 2009. U.S. President Barack Obama told Africans on Saturday that Western aid must be matched by good governance and urged them to take greater responsibility for stamping out war, corruption and disease plaguing the continent. http://www.ft.com/cms/s/0/ce60f8ca-6e0a-11de-8cd0-00144feabdc0.html

Unveiling Food Plan, Obama Presses Africa on Corruption By PETER BAKER. Copyright by The New York Times. Published: July 10, 2009 http://www.nytimes.com/2009/07/11/world/europe/11prexy.html?_r=1&ref=global-home

US brokers Honduran coup talks - Costa Rica president to be mediator By Daniel Dombey and Alexandra Ulmer in Washington and Adam Thomson in Tegucigalpa. Copyright The Financial Times Limited 2009. Published: July 8 2009 01:04 | Last updated: July 8 2009 01:04 http://www.ft.com/cms/s/0/0810208e-6b52-11de-861d-00144feabdc0.html

Financial Times Editorial Comment: Offshore no more. Copyright The Financial Times Limited 2009. Published: July 9 2009 20:34 | Last updated: July 9 2009 20:34. Switzerland may have seen off Habsburg armies, but the American taxman might prove a greater threat to its sovereignty. US officials, filing a civil suit in a court in Florida, are seeking to force UBS, the Swiss bank, to reveal the names of American clients whose tax papers have not been properly filed. The Swiss government has made it clear that UBS would not be able to comply without breaching the Alpine country’s bank secrecy laws. http://www.ft.com/cms/s/0/29d8edd6-6cbf-11de-af56-00144feabdc0.html




China

China posts gain in monthly exports. Copyright The Financial Times Limited 2009. Published: July 10 2009 02:50 | Last updated: July 10 2009 11:57. Chinese exports rose 7.5 per cent last month from May as Asia’s second largest economy generated its highest monthly shipments so far this year. http://www.ft.com/cms/s/0/dbc3742c-6cf0-11de-af56-00144feabdc0.html

China says 140 dead in Xinjiang unrest - Beijing blocks internet sites By Kathrin Hille in Beijing. Copyright The Financial Times Limited 2009. Published: July 6 2009 04:28 | Last updated: July 6 2009 12:15 http://www.ft.com/cms/s/0/e12aa712-69dc-11de-bc9f-00144feabdc0.html

New York Times Editorial: Now Xinjiang. Copyright by The New York Times. Published: July 7, 2009. The more Chinese authorities try to stamp out protests by repressed ethnic minorities, the fiercer those protests grow. Beijing should have learned that lesson after last year’s bloody anti-Chinese riots in the Tibetan capital of Lhasa. It didn’t. This week, clashes in Xinjiang between Muslim Uighurs and Han Chinese have left at least 156 dead and more than 1,000 wounded. http://www.nytimes.com/2009/07/08/opinion/08wed2.html?ref=global

As Unrest Spreads, Chinese President Skips Summit - Clashes Continue in Western City Amid Crackdown By Ariana Eunjung Cha. Copyright by The Washington Post. Wednesday, July 8, 2009. URUMQI, China, July 8 -- Chinese President Hu Jintao canceled plans to attend a major summit in Italy and flew home early Wednesday after reports that chaos and panic had spread throughout the capital of China's far western region of Xinjiang. http://www.washingtonpost.com/wp-dyn/content/article/2009/07/07/AR2009070700210.html?hpid=topnews




Mess-o-potamia

Neda Agha-Soltan Speaks http://iretiredfromnewsletters.blogspot.com/2009/07/neda-agha-soltan-speaks.html

Iran Security Forces Move to Crush Renewed Protests By MICHAEL SLACKMAN and SHARON OTTERMAN. Copyright by The New York Times. Published: July 9, 2009 http://www.nytimes.com/2009/07/10/world/middleeast/10iran.html?_r=1&ref=global-home

Leading Clerics Defy Ayatollah on Disputed Iran Election By MICHAEL SLACKMAN and NAZILA FATHI. Copyright by The New York Times. Published: July 4, 2009 http://www.nytimes.com/2009/07/05/world/middleeast/05iran.html?_r=1&th&emc=th

As Iran Calms, a Struggle for Political Power Intensifies By MICHAEL SLACKMAN. Copyright by The Associated Press. Published: July 7, 2009 http://www.nytimes.com/2009/07/08/world/middleeast/08clerics.html?_r=1&ref=global-home

G-8 Nations Press Iran on Nuclear Program By PETER BAKER. Copyright by The New York Times. Published: July 9, 2009 http://www.nytimes.com/2009/07/10/world/middleeast/10prexy.html?ref=global-home

Kurds Defy Baghdad, Laying Claim to Land and Oil By SAM DAGHER. Copyright by The Associated Press. Published: July 9, 2009. BAGHDAD — With little notice and almost no public debate, Iraq’s Kurdish leaders are pushing ahead with a new constitution for their semiautonomous region, a step that has alarmed Iraqi and American officials who fear that the move poses a new threat to the country’s unity. http://www.nytimes.com/2009/07/10/world/middleeast/10kurds.html?_r=1&th&emc=th

Israeli official rules out Golan withdrawal - Syria has long called for return of territory By Dina Kraft in Tel Aviv. Copyright The Financial Times Limited 2009. Published: July 10 2009 15:43 | Last updated: July 10 2009 15:43 http://www.ft.com/cms/s/0/44ed22a6-6d53-11de-8b19-00144feabdc0.html


National

Governator plays it cool over IOUs By Matthew Garrahan and Lionel Barber in Sacramento. Copyright The Financial Times Limited 2009. Published: July 10 2009 22:37 | Last updated: July 11 2009 02:04
http://www.ft.com/cms/s/0/43e64f02-6d82-11de-8b19-00144feabdc0.html

California governor under fire on budget - Interview: Schwarzenegger on California’s finances By Lionel Barber and Matthew Garrahan in Sacramento. Copyright The Financial Times Limited 2009. Published: July 10 2009 22:37 | Last updated: July 10 2009 22:37
http://www.ft.com/cms/s/0/7ed29362-6d84-11de-8b19-00144feabdc0.html

Wall Street gears up to trade California IOUs - Payment promise offer posted on Craigslist By Nicole Bullock in New York. Copyright The Financial Times Limited 2009. Published: July 5 2009 23:33 | Last updated: July 5 2009 23:33 http://www.ft.com/cms/s/0/01d98e08-69a9-11de-bc9f-00144feabdc0.html

Paterson to Name Ex-M.T.A. Chief as Lieutenant Governor By JEREMY W. PETERS. Copyright by The New York Times. Published: July 8, 2009 http://www.nytimes.com/2009/07/09/nyregion/09albany.html?_r=1&hp

Standoff Ends as Defector Rejoins Albany Democrats By DANNY HAKIM. Copyright by The New York Times. Published: July 9, 2009. ALBANY — Pedro Espada Jr. returned to the Democrats and was named Senate majority leader on Thursday as part of a deal worked out by Senate Democratic leaders, ending a monthlong stalemate that has hobbled state government. http://www.nytimes.com/2009/07/10/nyregion/10albany.html?hp

Washington Post Editorial: Unfit for Office - It's time for the D.C. Council to take action against Marion Barry. Copyright by The Washington Post. Thursday, July 9, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/07/08/AR2009070803585.html


GOP Bashing

Palin’s demise and the Republican fall. Copyright The Financial Times Limited 2009. Published: July 5 2009 18:59 | Last updated: July 5 2009 18:59. Only three years ago, the Republican party enjoyed majorities in the Senate and the House of Representatives, and it held the White House. Now, it has lost all three. But the conservative movement is suffering much deeper problems than passing unpopularity. In the past month, a string of potential contenders for the 2012 Republican presidential nomination have self-destructed. The latest is Sarah Palin, governor of Alaska and the Republican vice-presidential candidate in 2008, who has announced she will soon resign her state office. Her rambling statement offered no rationale for this strange decision. The lack of coherent organising logic behind her actions and words has given rise to suspicions that this move could be a gambit to head off fresh scandal. At this point, only one thing is clear; if this was a calculated first move in a run for the presidency in 2012, it was a stunningly bad one. http://www.ft.com/cms/s/0/622286d8-698c-11de-bc9f-00144feabdc0.html

Another Example of the G.O.P. Split By SAM TANENHAUS. Copyright by The New York Times. Published: July 4, 2009. Grant the Republicans this much at least: they’re no longer boring. Just when the novelty of the Argentine dalliance of Gov. Mark Sanford of South Carolina had begun to fade, Gov. Sarah Palin of Alaska enlivened a ho-hum Fourth of July with her announcement that she would abruptly terminate her first term and instead seek to “effect positive change outside government.” http://www.nytimes.com/2009/07/05/weekinreview/05tanenhaus.html?th&emc=th

Palin plays victim and reaps rewards By Clarence Page. Copyright © 2009, Chicago Tribune. July 8, 2009 http://www.chicagotribune.com/news/columnists/chi-oped0708pagejul08,0,3557582.column

Sarah Palin playing ball in a league of her own By Kathleen Parker. Copyright © 2009, Chicago Tribune. July 8, 2009 http://www.chicagotribune.com/news/columnists/chi-oped0708parkerjul08,0,62410.column

A Starter, Not a Finisher By Eugene Robinson. Copyright by The Washington Post. Tuesday, July 7, 2009. What can you say about a public official who ridicules those who would take the "quitter's way out" -- as she faces reporters to announce that she's quitting? A governor who claims that "the worthless, easy path" would be to serve out the remaining 18 months of her term? An ambitious politician who says that "life is too short" to worry about, you know, boring things such as responsibility or duty? http://www.washingtonpost.com/wp-dyn/content/article/2009/07/06/AR2009070603141.html

Dodging an Alaskan Bullet By Richard Cohen. Copyright by the Washington Post. Tuesday, July 7, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/07/06/AR2009070602981.html

U.S. Wiretaps Were of Limited Value, Officials Report By ERIC LICHTBLAU and JAMES RISEN. Copyright by The New York Times. Published: July 10, 2009. WASHINGTON — While the Bush administration had defended its program of wiretapping without warrants as a vital tool that saved lives, a new government review released Friday said the program’s effectiveness in fighting terrorism was unclear. http://www.nytimes.com/2009/07/11/us/11nsa.html?_r=1&th&emc=th

Democrats Say C.I.A. Deceived Congress By SCOTT SHANE. Copyright by The New York Times. Published: July 8, 2009. WASHINGTON — The director of the Central Intelligence Agency, Leon E. Panetta, has told the House Intelligence Committee in closed-door testimony that the C.I.A. concealed “significant actions” from Congress from 2001 until late last month, seven Democratic committee members said. http://www.nytimes.com/2009/07/09/us/politics/09intel.html?th&emc=th

The George W. Bush Presidential Library, now in the planning stages, is accepting donations. http://iretiredfromnewsletters.blogspot.com/2009/07/george-w-bush-presidential-library-now.html



Chicagoland

Chicago Sun Times Editorial: Burris will step aside with tarnished legacy. Copyright by The Chicago Sun Times. July 11, 2009. At last, Roland Burris has made a decision as senator that we can endorse wholeheartedly. He will not run next year for his Senate seat. Thank goodness. http://www.suntimes.com/news/commentary/1661567,CST-EDT-edit12a.article

Chicago Sun Times Editorial: Quinn fails to deliver leadership for state. Copyright by The Chicago Sun Times. July 8, 2009. At moments of crisis, we look to our leaders for clarity and direction. Gov. Quinn provided neither Tuesday. Instead, he hosted a confusing and bewildering news conference at the Thompson Center where he tried to articulate how Illinois can dig itself out of an historic budget deficit. The fiscal year began July 1, but the state still has no budget and a deficit as high as $9 billion. http://www.suntimes.com/news/commentary/1656294,CST-EDT-edit08a.article

Chicago Tribune Editorial: Condolences, citizens. Copyright © 2009, Chicago Tribune. July 8, 2009. We try never to confuse motion with progress. So, having watched Gov. Pat Quinn veto a spending bill Tuesday and volley it back to Springfield, we offer condolences to citizens who rely on the state to meet their basic needs. Maybe Democratic lawmakers will reach some mega-agreement next week on a fiscal 2010 budget. Or maybe the Dems will keep doing what they're doing: blaming one another for their failure to finish that basic task. http://www.chicagotribune.com/news/opinion/editorials/chi-0708edit12l08,0,4734886.story

Chicago Sun Times Editorial: U. of I. clout testimony: Unsatisfying, unconvincing. Copyright by The Chicago Sun Times. July 7, 2009 http://www.suntimes.com/news/commentary/1654311,CST-EDT-edit07a.article

Chicago Tribune Editorial: The Madigan domino. Copyright © 2009, Chicago Tribune. July 9, 2009. The conversation over lunch salads occurred more than a year ago. Atty. Gen. Lisa Madigan was mulling a run for governor -- or, if Barack Obama ascended to the presidency, for his seat in the U.S. Senate. But try as she did to sound captivated by the politics, Madigan kept circling back uncomfortably to the costs her family would pay if she succumbed to the ceaseless grind of campaigning for, and holding, higher office. http://www.chicagotribune.com/news/opinion/editorials/chi-0709edit1jul09,0,675195.story

Illinois political floodgates open after Madigan passes on governor, Senate bids by Rick Pearson, Mike Dorning, Monique Garcia and John Chase. Copyright © 2009, Chicago Tribune. July 9, 2009 http://newsblogs.chicagotribune.com/clout_st/2009/07/illinois-political-floodgates-open-after-madigan-passes-on-governor-senate-bids.html

Utay group still in play for Chicago Cubs deal - Tribune Co. talking with Utay group despite near deal with Ricketts family By Ameet Sachdev. Copyright © 2009, Chicago Tribune. July 8, 2009. The bidding war for the Chicago Cubs is not over. http://www.chicagotribune.com/business/chi-wed-cubs-0708-jul08,0,5138191.story


Your Lack of Money

New US jobless claims plunge - Economists warn against false hopes By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: July 9 2009 14:23 | Last updated: July 9 2009 15:04 http://www.ft.com/cms/s/0/a395fd7a-6c89-11de-a6e6-00144feabdc0.html

US retailers report mixed June sales - Investors eye state of consumer spending By Jonathan Birchall and Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: July 9 2009 13:47 | Last updated: July 9 2009 16:25 http://www.ft.com/cms/s/0/960d2832-6c83-11de-a6e6-00144feabdc0.html

US service sector contraction slows in June By Sarah O’Connor in Washington. Copyright The Financial Times Limited 2009. Published: July 6 2009 16:47 | Last updated: July 6 2009 16:47 http://www.ft.com/cms/s/0/dd048dca-6a3f-11de-ad04-00144feabdc0.html

PLANNING FOR THE WORST WHILE AVOIDING FINANCIAL DISASTER by Roger V. McCaffrey-Boss. Copyright by Gay Chicago Magazine and by Roger V. McCaffrey-Bos. July 9-15, 2009 http://www.gaychicagomagazine.com/advice/legallyspeaking.shtml

US trade gap narrows to 10-year low - Consumer confidence sinks in July By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: July 10 2009 14:39 | Last updated: July 10 2009 15:42 http://www.ft.com/cms/s/0/7ded5a52-6d4a-11de-8b19-00144feabdc0.html

Cities Lose Out on Road Funds From Federal Stimulus By MICHAEL COOPER and GRIFF PALMER. Copyright by The New York Times. Published: July 8, 2009. Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges. But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money. http://www.nytimes.com/2009/07/09/us/09projects.html?_r=1&th&emc=th

Automakers’ Swift Cases in Bankruptcy Shock Experts By MICHELINE MAYNARD. Copyright by The New York Times. Published: July 6, 2009 http://www.nytimes.com/2009/07/07/business/07bankruptcy.html?th&emc=th

GM emerges from bankruptcy - Henderson vows swift repayment of aid By John Reed in London and Bernard Simon in Toronto. Copyright The Financial Times Limited 2009. Published: July 10 2009 15:06 | Last updated: July 10 2009 15:12 http://www.ft.com/cms/s/0/ec07211e-6d57-11de-8b19-00144feabdc0.html

Lear files for Chapter 11 protection - Chief hopes for fast exit from process By John Reed in London and Bernard Simon in Toronto. Copyright The Financial Times Limited 2009. Published: July 7 2009 10:56 | Last updated: July 7 2009 18:15. Lear Corporation filed for bankruptcy protection on Tuesday – marking one of the biggest failures yet of an automotive supplier – after agreeing a debt restructuring plan with most of its creditors http://www.ft.com/cms/s/0/c12854be-6ad6-11de-861d-00144feabdc0.html



Commodities

Central bankers return to gold and dollars By Terrence Keeley. Copyright The Financial Times Limited 2009. Published: July 9 2009 18:11 | Last updated: July 9 2009 18:11... In a single, memorable autumn, however, eight years of excess returns by risk assets over government bonds were eviscerated. And rather than drowning in US dollars, central banks the globe over were engulfed by a vicious dollar shortage. To mitigate downward pressures on emerging market and other currencies, the US Federal Reserve was forced to arrange emergency US dollar swap lines with central banks across Europe, Asia and Latin America. Had Korea, Mexico and some developed countries not had this additional dollar liquidity, financial institution failure and massive capital flight in a number of countries could have proved catastrophic....http://www.ft.com/cms/s/0/5315bab8-6caa-11de-a6e6-00144feabdc0.html

CFTC prepares crackdown on speculators - Energy traders face limits on positions By Joanna Chung in New York and Miles Johnson in London. Copyright The Financial Times Limited 2009. Published: July 7 2009 12:11 | Last updated: July 7 2009 18:56 http://www.ft.com/cms/s/0/958cd848-6ae5-11de-861d-00144feabdc0.html

Crude retreats below $60 a barrel - IEA outlook fails to lift sentiment By Miles Johnson. Copyright The Financial Times Limited 2009. Published: July 10 2009 11:29 | Last updated: July 10 2009 15:35 http://www.ft.com/cms/s/0/13608bb4-6d3b-11de-8b19-00144feabdc0.html


Housing

Washington Post Editorial: Borrowed Time - The federal tide of red ink is frustrating an effort to help homeowners at risk of foreclosure. Copyright by The Washington Post. Wednesday, July 8, 2009... Well, the early returns are in, and they are not encouraging. According to the Mortgage Bankers Association, only 13,000 HARP refinancings had taken place as of June. At this rate, there is little prospect the program will achieve its aims as of June 2010, when it is scheduled to expire. The problem? The administration developed its proposal at a time when long-term interest rates were relatively low, in part due to Federal Reserve policies -- and in part due to a flight to U.S. government bonds by risk-averse investors. More recently, long-term interest rates have increased as generalized investor panic has given way to a more specific worry: that the huge U.S. budget deficit is unsustainable and may set off high inflation. In other words, rising deficits are canceling out at least some of the Fed's efforts to keep mortgages cheap....http://www.washingtonpost.com/wp-dyn/content/article/2009/07/07/AR2009070702452.html

Tax Bill Appeals Take Rising Toll on Governments By JACK HEALY. Copyright by The New York Times. Published: July 4, 2009. Homeowners across the country are challenging their property tax bills in droves as the value of their homes drop, threatening local governments with another big drain on their budgets. http://www.nytimes.com/2009/07/05/business/economy/05appeals.html?th&emc=th



GLBT

Police raid at gay club in Texas stirs ugly memories - The incident, on the heels of the 40th anniversary of the Stonewall riots, prompts fear among the Fort Worth gay community that times haven't changed. By P.J. Huffstutter. Copyright © 2009, The Los Angeles Times. July 6, 2009 http://www.chicagotribune.com/news/nationworld/la-na-gay-bar-raid6-2009jul06,0,1571830.story

Wisconsin now offers limited Domestic Partnership benefits By Michael Lehet. Copyright by Chicago NOW. 06.29.09 http://www.chicagonow.com/blogs/whats-a-boy-to-do/2009/06/wisconsin-now-offers-limited-domestic-partnership-benefits.html

With Senate Astir, Governor Will Delay Same-Sex Marriage Bill By DANNY HAKIM. Copyright by The New York Times. Published: July 10, 2009. ALBANY — Gov. David A. Paterson will delay his plan to force a vote on a bill to legalize same-sex marriage until early September because the Senate is too unsettled now to take it up, his spokesman said on Friday. http://www.nytimes.com/2009/07/11/nyregion/11albany.html?th&emc=th

Massachusetts sues U.S. over DOMA. Copyright by The Windy City Times. NEWS UPDATE July 8, 2009 http://www.windycitymediagroup.com/gay/lesbian/news/ARTICLE.php?AID=21778

Federal judge: Prop 8 suit should proceed - Special to the Online Edition of Windy City Times by By Chuck Colbert ©2009 Keen News Service. 2009-07-08. A federal judge said June 30 that a potentially high-risk federal lawsuit challenging California's Proposition 8 should “proceed expeditiously to trial.” http://www.windycitymediagroup.com/gay/lesbian/news/ARTICLE.php?AID=21739

Civil Rights Group Divided Over Gay Marriage By JENNIFER STEINHAUER. Copyright by The New York Times. Published: July 10, 2009. LOS ANGELES — The Southern Christian Leadership Conference, the 50-year-old civil rights organization founded by the Rev. Dr. Martin Luther King Jr. and others, is seeking to remove the president of its Los Angeles chapter in response to his support of same-sex marriage in California. http://www.nytimes.com/2009/07/11/us/11gay.html?th&emc=th

Pastor who opposes homosexuality may get Chicago City Council seat held by Ald. Billy Ocasio - Rev. Wilfredo De Jesus is praised for Latino activism but criticized for his stance on gay issues By Oscar Avila. Copyright © 2009, Chicago Tribune. July 7, 2009
http://www.chicagotribune.com/news/local/chi-pastor-gays-alderman_avilajul07,0,4153366.story

Opposition to De Jesús grows by Jessica Pupovac. Copyright by The Windy City times. 2009-07-08. The clock is ticking on Chicago Mayor Richard Daley's decision regarding who should fill the vacancy left by former Ald. Billy Ocasio, who left City Council last month to work as a senior adviser to Gov. Pat Quinn. Before he left his 26th Ward office, Ocasio made known his wishes that his pastor, Rev. Wilfredo De Jesús, be his heir—but the decision ultimately falls to Daley. The possibility of having De Jesús in City Council is raising eyebrows in the ward and beyond, due in no small part to his stance on homosexuality. De Jesús' New Life Covenant Ministries church is part of the Assemblies of God, a Pentecostal fellowship that considers homosexuality a sin. In Chicago, many LGBT activists know him as the pastor who put the brakes last year on a planned Pride Campus, a school that designers hoped would act as a model school, providing a safe and affirming environment for LGBT and questioning youth and their allies. http://www.windycitymediagroup.com/gay/lesbian/news/ARTICLE.php?AID=21748




Immigration

Piecing Together an Immigrant’s Life the U.S. Refused to See By NINA BERNSTEIN. Copyright by The New York Times. Published: July 5, 2009. When the 43-year-old man died in a New Jersey immigration jail in 2005, the very fact seemed to fall into a black hole. Although a fellow inmate scrawled a note telling immigrant advocates that the detainee’s symptoms of a heart attack had long gone unheeded, government officials would not even confirm that the dead man had existed. http://www.nytimes.com/2009/07/06/nyregion/06detain.html?_r=1&th&emc=th


Technology

Washington Post Editorial: Securing the Internet - Recent cyber-attacks highlight the need for administration action. Copyright by The Washington Post. Saturday, July 11, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/07/11/AR2009071100486.html

Fresh cyber attacks hit S Korea and US - Suspicions focus on Pyongyang © Reuters Limited. July 9, 2009 http://www.ft.com/cms/s/0/f12e705a-6c7d-11de-a6e6-00144feabdc0.html

Washington Post Editorial: Freedom vs. the Firewall - The Senate can help fend off authoritarian censorship. Copyright by The Washington Post. Tuesday, July 7, 2009. FROM TWITTERERS in Tehran to bloggers in Burma, citizens living under authoritarian regimes depend upon free access to the Internet for information, coordination and the ability to make themselves heard. That's why oppressive governments devote so much effort to online censorship: They, too, recognize the power of information to promote freedom. But some independent groups are pushing back against their control. http://www.washingtonpost.com/wp-dyn/content/article/2009/07/06/AR2009070603305.html

Google to launch PC operating system - Software takes direct aim at Microsoft By Richard Waters in San Francisco. Copyright The Financial Times Limited 2009. Published: July 8 2009 07:43 | Last updated: July 8 2009 07:43 http://www.ft.com/cms/s/0/86b864c0-6b87-11de-9320-00144feabdc0.html

Google Plans a PC Operating System By MIGUEL HELFT and ASHLEE VANCE. Copyright by The New York Times. Published: July 8, 2009. SAN FRANCISCO — In a direct challenge to Microsoft, Google announced late Tuesday that it is developing an operating system for PCs that is tied to its Chrome Web browser. http://www.nytimes.com/2009/07/08/technology/companies/08operate.html?_r=1&hp

Financial Times Editorial Comment: Google on a cloud. Copyright The Financial Times Limited 2009. Published: July 8 2009 20:39 | Last updated: July 8 2009 20:39. The happy drones at the Googleplex never tire of expanding their employer’s imprint on the internet. Work on a new operating system brings the reality of “cloud computing” and Google’s dominance of it a lot closer. Consumers should be excited – and a bit nervous. http://www.ft.com/cms/s/0/1128f10c-6bf0-11de-9320-00144feabdc0.html

In Chrome, Hints of a Real Rival to Windows By MIGUEL HELFT and ASHLEE VANCE. Copyright by The New York Times. Published: July 8, 2009. http://www.nytimes.com/2009/07/09/technology/internet/09google.html?th&emc=th

Google OS created over Schmidt’s objection - Project planned since founding of company By Kenneth Li in Sun Valley. Copyright The Financial Times Limited 2009. Published: July 10 2009 05:14 | Last updated: July 10 2009 05:14 http://www.ft.com/cms/s/0/6abb869a-6cfd-11de-af56-00144feabdc0.html

Illumitex Seeks cash to brighten and shrink LED's By Jennifer Kho. June 15, 2009. Copyright Earth2Tech.com. Take your laptop outside, and you’re likely to find yourself squinting at the screen. The glare is even more pronounced with mobile computing devices, which users usually view downward (like a piece of paper), catching more light than when the screen is vertical. But putting brighter lighting in those devices drains the batteries more quickly. http://earth2tech.com/2009/06/15/illumitex-seeks-cash-to-brighten-and-shrink-leds/




Medical

White House and Hospitals Are Reported to Be Near Deal By DAVID M. HERSZENHORN. Copyright by The New York Times. Published: July 6, 2009. WASHINGTON — The Obama administration and major hospital associations on Monday evening were nearing a deal for about $150 billion in cost savings to help pay for an overhaul of the nation’s health care system, with an announcement expected at the White House as early as Wednesday, officials said. http://www.nytimes.com/2009/07/07/health/policy/07hospitalsweb.html?_r=1&th&emc=th

HIV Positive..So Why Don't They Get AIDS? - Researchers Hope 'Elite' Group Holds Clues for Others By Charles Slack. Copyright by The Washington Post . Tuesday, July 7, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/07/06/AR2009070602917.html?hpid=topnews

Pharmacists can't refuse Plan B pill, appeals court says - A pharmacy owner and workers had sued Washington state to block a requirement that they stock and sell the 'morning after' contraceptive. By Carol J. Williams. Copyright by The Los Angeles Times. July 9, 2009 http://www.latimes.com/news/nationworld/nation/la-na-pill-ruling9-2009jul09,0,6469894.story

Sperm created from stem cells - Research might let infertile men have children By Clive Cookson, Science Editor. Copyright The Financial Times Limited 2009. Published: July 8 2009 00:01 | Last updated: July 8 2009 00:01. Scientists have created human sperm for the first time from stem cells. http://www.ft.com/cms/s/0/1f16dfe8-6b2f-11de-861d-00144feabdc0.html

A Culprit in Infertility, Overlooked Yet Treatable By LAURIE TARKAN. Copyright by The New York Times. Published: July 6, 2009 http://www.nytimes.com/2009/07/07/health/07endo.html?th&emc=th

Reasons Not to Panic Over a Painkiller By TARA PARKER-POPE. Copyright by The New York Times. Published: July 6, 2009. Few drugs are more ubiquitous than acetaminophen, the pain reliever found in numerous over-the-counter cold remedies and the headache drug Tylenol. But last week, a federal advisory committee raised concerns about liver damage that can occur with overuse of acetaminophen, and the panel even recommended that the Food and Drug Administration ban two popular prescription drugs, Vicodin and Percocet, because they contain it. http://www.nytimes.com/2009/07/07/health/07well.html?th&emc=th





Humor

This is a true story: http://iretiredfromnewsletters.blogspot.com/2009/07/this-is-true-story.html

Spel Chek http://iretiredfromnewsletters.blogspot.com/2009/07/spel-chek.html


New! Carlos now has an online store. Order your books directly from Carlos and have them signed and dedicated.http://www.carlostmock.com/catalog/



In Pride (orgullo),


Carlos T. Mock, MD
www.carlostmock.com   
Author: Borrowing Time: A Latino Sexual Odyssey - Floricanto Press 2003.
Nominated for a Stonewall Award by the American Library Association GLBT
Round Table.
Author: The Mosaic Virus – Floricanto Press 2007.  Nominated for a Stonewall Award by the American Library Association GLBT Round Table, and a Lammie from The Lambda Literary Foundation
Author: Author: Papi Chulo – Floricanto Press 2007.  Nominated for a Stonewall Award by the American Library Association GLBT Round Table, and a Lammie from The Lambda Literary Foundation

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