“I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country.” Rahm Emanuel
Financial Times Editorial Comment: World discovers it is still breathing. Copyright The Financial Times Limited 2009. Published: May 8 2009 19:25 | Last updated: May 8 2009 19:25. The end of the world has been cancelled for now, if we are to believe recent market movements. Confidence is slowly returning to investors, who have discovered they are still alive after last http://www.ft.com/cms/s/0/a30c0260-3bfa-11de-acbc-00144feabdc0.html
Showing Hints of Improvement- In Poor Jobs Numbers, Hints of Improvement - Employment Losses Hit 6-Month Low By Neil Irwin and Annys Shin. Copyright by The Washington Post. Saturday, May 9, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/08/AR2009050800394.html?hpid=topnews
Fine Line for Obama on How to Convey Hope on Economy By DAVID E. SANGER. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/business/economy/09assess.html?th&emc=th
US retailers show signs of life- More than a dozen retailers raise earnings guidance By Jonathan Birchall and Simone Baribeau in New York. Copyright The Financial Times Limited 2009. Published: May 7 2009 15:38 | Last updated: May 7 2009 16:44 http://www.ft.com/cms/s/0/96a9b01e-3b12-11de-ba91-00144feabdc0.html
US services show signs of life By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: May 5 2009 16:23 | Last updated: May 5 2009 16:23 http://www.ft.com/cms/s/0/ad22b004-3985-11de-b82d-00144feabdc0.html
Hopes for end to inventory cuts grow By Richard Milne in London. Copyright The Financial Times Limited 2009. Published: May 4 2009 22:39 | Last updated: May 4 2009 22:56. European companies are hailing a possible end of the vicious round of cuts in inventory levels as a sign that customer demand could be stabilising despite the ongoing global recession. http://www.ft.com/cms/s/0/ad5805b6-38d0-11de-8cfe-00144feabdc0.html
Bright Spot in Downturn: New Hiring Is Robust By STEVEN GREENHOUSE. Copyright by The New York Times. Published: May 5, 2009. Everyone knows the grim news — unemployment in the United States has jumped to 8.5 percent, a 25-year high, and is racing toward double digits. Since November, the nation has lost more than three million jobs. But not everyone knows the brighter side to the equation: deep in the maw of the deepest recession since the Great Depression, millions are still being hired. http://www.nytimes.com/2009/05/06/business/economy/06hire.html?th&emc=th
Obama’s ‘apologies’ are a strength By Gideon Rachman. Copyright The Financial Times Limited 2009. Published: May 4 2009 19:12 | Last updated: May 4 2009 21:07 http://www.ft.com/cms/s/0/03f8b64a-38d6-11de-8cfe-00144feabdc0.html
Obama’s secret: Muppets, motherhood and apple pie By Chrystia Freeland. Copyright The Financial Times Limited 2009. Published: May 8 2009 16:02 | Last updated: May 8 2009 16:02 http://www.ft.com/cms/s/0/9cab58f8-3bff-11de-acbc-00144feabdc0.html
Billionaire Warren Buffett says US government is taking the right steps to help economy JOSH FUNK. Copyright 2009 Associated Press. 12:54 AM CDT, May 3, 2009 http://www.chicagotribune.com/business/sns-ap-us-berkshire-shareholders,0,3576298.story
International
Czechs clear way for Lisbon treaty By Tony Barber in Prague. Copyright The Financial Times Limited 2009. Published: May 6 2009 16:21 | Last updated: May 6 2009 16:21. The upper house of the Czech parliament on Wednesday approved the European Union’s Lisbon treaty by a convincing majority, increasing the chances that long-awaited institutional reforms in the 27-nation bloc will come into effect on January 1, 2010. http://www.ft.com/cms/s/0/6ba9b0be-3a4d-11de-8a2d-00144feabdc0.html
Data boost hope Germany out of ‘freefall’ By Ralph Atkins in Frankfurt. Copyright The Financial Times Limited 2009. Published: May 8 2009 12:20 | Last updated: May 8 2009 18:06. Germany’s rapid economic contraction is coming to an end, industrial production and export data signalled on Friday, raising hopes that Europe’s largest economy is back on a more stable footing. http://www.ft.com/cms/s/0/b27d5092-3bbd-11de-acbc-00144feabdc0.html
Berlin landmark KaDeWe store considers the unthinkable - The 102-year-old Kaufhaus des Westens department store has put itself up for sale. As if that weren't horrifying enough to some Germans, it also says it's open to foreign offers. By Henry Chu. Copyright © 2009, The Los Angeles Times. May 3, 2009 http://www.chicagotribune.com/news/nationworld/la-fg-germany-store3-2009may03,0,3257458.story
Financial Times Editorial Comment: Fighting recession in the eurozone. Copyright The Financial Times Limited 2009. Published: May 7 2009 18:51 | Last updated: May 7 2009 18:51 http://www.ft.com/cms/s/0/6e14afb6-3b2e-11de-ba91-00144feabdc0.html
ECB unveils measures to fight recession By Ralph Atkins in Frankfurt and David Oakley in London. Copyright The Financial Times Limited 2009. Published: May 7 2009 12:46 | Last updated: May 7 2009 14:58 http://www.ft.com/cms/s/0/287034fc-3aee-11de-ba91-00144feabdc0.html
Impairments rise at Barclays and Lloyds By Adam Jones. Copyright The Financial Times Limited 2009. Published: May 7 2009 07:59 | Last updated: May 7 2009 15:01 http://www.ft.com/cms/s/0/d2406566-3acf-11de-ba91-00144feabdc0.html
Icy winds threaten US-Russia thaw By Charles Clover and James Blitz. Copyright The Financial Times Limited 2009. Published: May 8 2009 22:46 | Last updated: May 8 2009 22:46. A nagging question still bedevils Washington watchers in Moscow: was it really just an accidental mis translation? http://www.ft.com/cms/s/0/f3edbc88-3c17-11de-acbc-00144feabdc0.html
Georgia accuses Russia of coup plot By Isabel Gorst in Moscow. Copyright The Financial Times Limited 2009. Published: May 5 2009 09:53 | Last updated: May 5 2009 11:56 http://www.ft.com/cms/s/0/75c532b4-3951-11de-b82d-00144feabdc0.html
European Union Signs a Pact on a Pipeline for Gas From the Caspian Sea By DAN BILEFSKY. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/world/europe/09prague.html?ref=global-home
China
India and China data fuel rise in optimism By James Lamont in New Delhi, Kathrin Hille in Beijing and Kevin Brown in Hong Kong. Copyright The Financial Times Limited 2009. India’s manufacturing sector grew in April for the first time in five months, spurring hopes of an end to falling growth estimates and contracting exports. Meanwhile, the purchasing managers’ index for Chinese manufacturing published by CLSA, the Hong Kong-based brokerage, rose to 50.1 in April from 44.8 a month earlier, signalling an expansion in factory output for the first time in nine months Published: May 4 2009 17:33 | Last updated: May 4 2009 17:33 http://www.ft.com/cms/s/0/2ea66a5a-38c6-11de-8cfe-00144feabdc0.html
Financial Times Editorial Comment: Antitrust in China. Copyright The Financial Times Limited 2009. Published: May 4 2009 19:00 | Last updated: May 4 2009 19:00. China has given notice that it will not tolerate abuse of monopoly power, in industry if not in politics. Since it enacted an antitrust law last August, the Ministry of Commerce has made three important rulings. In the latest, it imposed restrictions on the $1.6bn takeover by Japan’s Mitsubishi Rayon of the UK’s Lucite International, forcing the latter to sell half of its production of one polymer at cost. In March, it rejected Coca-Cola’s planned $2.4bn takeover of Huiyuan, a Chinese juicemaker, in a ruling that surprised many lawyers. Before that, it had imposed restrictions on InBev’s $52bn acquisition of Anheuser-Busch even though, like Mitsubishi/Lucite, it was a global transaction with only secondary implications for China. http://www.ft.com/cms/s/0/c7236f86-38d4-11de-8cfe-00144feabdc0.html
China says 5,335 students died in last year's quake - The Communist government had resisted releasing the figure. Activists say it appears to be too little and too late. By Barbara Demick. Copyright © 2009, The Los Angeles Times. 6:33 AM CDT, May 7, 2009 http://www.chicagotribune.com/news/nationworld/la-fg-quake-china8-2009may08,0,3829974.story
Mess-o-potamia
Pope, Hope in Hand, Arrives in Mideast By RACHEL DONADIO. Copyright by The Associated Press. Published: May 8, 2009. http://www.nytimes.com/2009/05/09/world/middleeast/09pope.html?hp
Civilian Deaths Imperil Support for Afghan War By CARLOTTA GALL and TAIMOOR SHAH. Copyright by The New York Times. Published: May 6, 2009 http://www.nytimes.com/2009/05/07/world/asia/07afghan.html?_r=1&th&emc=th
New York Times Editorial: Still Unfinished Business. Copyright by the New York Times. Published: May 3, 2009. President Obama has correctly refocused American attention on Afghanistan and Pakistan, the real front in the war on terror. But the recent surge in bombings is an alarming reminder of all of the unfinished business from President Bush’s unnecessary war in Iraq. http://www.nytimes.com/2009/05/04/opinion/04mon1.html?ref=global
Porous Border With Pakistan Could Hinder U.S. Troops By JANE PERLEZ and PIR ZUBAIR SHAH. Copyright by The New York Times. Published: May 4, 2009 http://www.nytimes.com/2009/05/05/world/asia/05fighter.html?_r=1&ref=global-home
Obama holds talks with Zardari and Karzai By Demetri Sevastopulo in Washington and Farhan Bokhari in Islamabad. Copyright The Financial Times Limited 2009. Published: May 6 2009 09:22 | Last updated: May 7 2009 09:30 http://www.ft.com/cms/s/0/84b2f7c6-3a13-11de-8a2d-00144feabdc0.html
Pakistan Pounds Taliban, Swelling the Tide of Refugees By DEXTER FILKINS. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/world/asia/09pstan.html?_r=1&ref=global-home
Strife in Pakistan Raises U.S. Doubts Over Nuclear Arms By DAVID E. SANGER. Copyright by The New York Times. Published: May 3, 2009 http://www.nytimes.com/2009/05/04/world/asia/04nuke.html?_r=1&th&emc=th
Israel Faces a Hard Sell in Bid to Shift Policy By ETHAN BRONNER. Copyright by The New York Times. Published: May 3, 2009 http://www.nytimes.com/2009/05/04/world/middleeast/04israel.html?th&emc=th
National
Obama to Speak From Egypt in Address to Muslim World By HELENE COOPER. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/world/middleeast/09prexy.html?scp=1&sq=obama%20to%20speak%20in%20cairo&st=cse
Financial Times Editorial Comment: Level the field for tax competition. Copyright The Financial Times Limited 2009. Published: May 5 2009 19:33 | Last updated: May 5 2009 19:33. I n moving to close some of the loopholes in the porous US tax code, President Barack Obama has taken on mightier forces than a retreating Republican party. Multinational companies, which will see their foreign earnings taxed more heavily, have dispatched a battalion of lobbyists to fight the plan. Mr Obama should not let this deter him: the proposals are a step in the right direction. They do little, however, to address the fundamental challenges of international taxation.... Mr Obama’s tax battle, if he is serious, has barely begun. http://www.ft.com/cms/s/0/4541e17e-399b-11de-b82d-00144feabdc0.html
Washington Post Editorial: Corporate Tax Reform - The president's tax plan can be the start of an important discussion. Copyright by The Washington Post. Tuesday, May 5, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/04/AR2009050403256.html
New York times Editorial: Tax Salvos. Copyright by The New York times. Published: May 4, 2009 http://www.nytimes.com/2009/05/05/opinion/05tue1.html?ref=global
Obama takes aim at US multinationals By Tom Braithwaite in Washington. Copyright The Financial Times Limited 2009. Published: May 4 2009 17:10 | Last updated: May 4 2009 17:10 http://www.ft.com/cms/s/0/412f2784-38b7-11de-8cfe-00144feabdc0.html
Obama squares up to corporate America By Edward Luce and Tom Braithwaite in Washington and, Francesco Guerrera in New York. Copyright The Financial Times Limited 2009. Published: May 5 2009 03:00 | Last updated: May 5 2009 03:00 http://www.ft.com/cms/s/0/79255bee-390d-11de-8cfe-00144feabdc0.ht
Obama’s tax reforms anger “haven” countries By Vanessa Houlder in London and Michael Steen in Amsterdam. Copyright The Financial Times Limited 2009. Published: May 5 2009 21:35 | Last updated: May 5 2009 21:35 http://www.ft.com/cms/s/0/ea9301ac-39b0-11de-b82d-00144feabdc0.html
Obama’s budget knife set to cut $17bn By Tom Braithwaite in Washington. Copyright The Financial Times Limited 2009. Published: May 7 2009 01:32 | Last updated: May 7 2009 01:32 http://www.ft.com/cms/s/0/90dbf0d2-3a9c-11de-8a2d-00144feabdc0.html
Firefighters Struggle to Contain Calif. Blaze By REBECCA CATHCART. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/us/09fire.html?hp
Statue of Liberty’s Crown Will Reopen July 4 By Sewell Chan. Copyright by The New York Times. May 8, 2009 http://cityroom.blogs.nytimes.com/2009/05/08/statue-of-libertys-crown-will-reopen-july-4/?hp
GOP Whacking
Republicans all at sea as party sinks By Clive Crook. Copyright The Financial Times Limited 2009. Published: May 3 2009 19:29 | Last updated: May 3 2009 19:29. How much trouble is the Republican party in? Plenty. Compounding its recent miseries, too numerous to mention, Arlen Specter, the independent-minded senator for Pennsylvania, has gone over to the other side. http://www.ft.com/cms/s/0/deed710a-380e-11de-9211-00144feabdc0.html
How Character Corrodes By MAUREEN DOWD. Copyright by The New York Times. Published: May 2, 2009. WASHINGTON. How quaint. The Republicans are concerned about checks and balances. http://www.nytimes.com/2009/05/03/opinion/03dowd.html?_r=1&ref=opinion
Interrogation Debate Sharply Divided Bush White House By MARK MAZZETTI and SCOTT SHANE. Copyright by The Associated Press. Published: May 3, 2009 http://www.nytimes.com/2009/05/04/us/politics/04detain.html?th&emc=th
4th-Grader Questions Rice on Waterboarding -Ex-Secretary of State Stresses Legality By Alec MacGillis. Copyright by The Washington Post. Monday, May 4, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/03/AR2009050301739.html?wpisrc=newsletter&wpisrc=newsletter
New York Times Editorial: The Torture Debate: The Missing Voices. Copyright by The New York Times. Published: May 6, 2009. Last month’s release of memos prepared by the Bush Justice Department and the disclosure of a report by the International Committee of the Red Cross on the brutal treatment of detainees expanded public knowledge of an ignominious chapter in the nation’s history. http://www.nytimes.com/2009/05/07/opinion/07thu1.html?th&emc=th
New York Times Editorial: The Torture Debate: The Lawyers. Copyright by The New York Times. Published: May 6, 2009. http://www.nytimes.com/2009/05/07/opinion/07thu2.html?th&emc=th
Torture video hits UAE nuclear deal By Daniel Dombey in Washington and Andrew England in Abu Dhabi. Copyright The Financial Times Limited 2009. Published: May 4 2009 20:05 | Last updated: May 4 2009 20:05. Torture allegations against a member the United Arab Emirates’ ruling family threaten to complicate a nuclear deal between the US and the Gulf state. http://www.ft.com/cms/s/0/cede205a-38ce-11de-8cfe-00144feabdc0.html
The Patriot Act, At Work... http://www.wral.com/news/local/video/5050332/
Washington Post Editorial: Fairness in the Torture Probe - Why the Justice Department should embrace disclosure in its investigation of Bush administration legal advice. Saturday, May 9, 2009. Copyright by The Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2009/05/08/AR2009050803733.html
Colin Powell/Rush Limbaugh War Rages On By David Knowles. Copyright by Politicsdaily.com. Posted: 05/7/09. In the circular firing squad known as the Republican party, the two-man skirmish between former Secretary of State Colin Powell and GOP strategist Rush Limbaugh shows no signs of abating any time soon. Their rhetorical battle intensified yesterday, when an incensed Limbaugh told Powell he should just make it official, join "Benedict Arlen" and switch over to the Democratic Party: "http://www.politicsdaily.com/2009/05/07/colin-powell-rush-limbaugh-war-rages-on/
Cheney: Mistake for GOP to 'moderate' - Cheney said the GOP needs to hold onto its principles By Alexander Mooney. Copyright by CNN News. Posted: 09:04 AM ET http://politicalticker.blogs.cnn.com/
Subprime lobbyists in $370m battle By Edward Luce in Washington. Copyright The Financial Times Limited 2009. Published: May 6 2009 05:02 | Last updated: May 6 2009 05:02 http://www.ft.com/cms/s/0/ab5cf9aa-39b7-11de-b82d-00144feabdc0.html
Few escape blame over subprime explosion By Edward Luce. Copyright The Financial Times Limited 2009. Published: May 6 2009 05:02 | Last updated: May 6 2009 05:02 http://www.ft.com/cms/s/0/1d2c749a-39d9-11de-b82d-00144feabdc0.html
Chicagoland
Chicago Tribune Editorial: Todd Stroger's decision. Copyright © 2009, Chicago Tribune. May 8, 2009. Imagine you're Todd Stroger and, as 2010 menacingly approaches, this is your life: Your erratic governing style as Cook County Board president, with no core message beyond bizarre personnel moves and chronic defensiveness, has left you all but alone. Many Democratic committeemen are murmuring to one another that voters in their wards and townships can't wait to hoist you out of office next year. http://www.chicagotribune.com/news/opinion/chi-0508edit1may08,0,6352364.story
Chicago Sun-Times Editorial - Stroger should skip veto of sales tax repeal, manage better. Copyright by The Chicago Sun-Times. May 7, 2009. http://www.suntimes.com/news/commentary/1562934,CST-EDT-edit07.article
Chicago Sun-Times Editorial: Deep deficit demands permanent tax courage. Copyright by The Chicago Sun-Times. May 8, 2009 http://www.suntimes.com/news/commentary/1564187,CST-EDT-edit08a.article
Chicago Sun-Times Editorial - Despite Drew outrage, rule of law must be upheld. Copyright by The Chicago Sun-Times. May 9, 2009 http://www.suntimes.com/news/commentary/1565584,CST-EDT-edit10.article
Giannoulias chief of staff gearing up to replace treasurer if he wins Senate nod BY LAURA WASHINGTON. Copyright by The Chicago Sun-Times. May 4, 2009 http://www.suntimes.com/news/washington/1556478,CST-EDT-laura04.article
Your Lack of Money
Social Security Benefits Not Expected to Rise in ’10 By ROBERT PEAR. Copyright by The New York Times. Published: May 2, 2009 http://www.nytimes.com/2009/05/03/us/politics/03benefits.html?_r=1&th&emc=th
US jobless rate reaches 8.9% By Alan Rappeport in New York. Copyright The Financial Times Limited 2009. Published: May 8 2009 14:11 | Last updated: May 8 2009 16:58 http://www.ft.com/cms/s/0/8d75e86a-3b5c-11de-ba91-00144feabdc0.html
Financial Times Editorial Comment: Testing times for Geithner’s plans. Copyright The Financial Times Limited 2009. Published: May 6 2009 19:14 | Last updated: May 6 2009 19:14. Some US banks are walking wounded. Some are the living dead. A full 21 months into the credit crisis, investors are still unclear about which banks are which. The banking system cannot function without confidence. So, Tim Geithner, the US Treasury secretary, is fighting chronic uncertainty with transparency. The results of the “stress tests”, an exercise to identify undercapitalised banks so the government can make sure they have enough capital to recover, will be announced on Thursday. http://www.ft.com/cms/s/0/6d7580a2-3a67-11de-8a2d-00144feabdc0.html
Billions required to bolster US banks - Shares jump as gaps appear manageable By Francesco Guerrera and Greg Farrell in New York. Copyright The Financial Times Limited 2009. Published: May 6 2009 19:28 | Last updated: May 7 2009 01:02 http://www.ft.com/cms/s/0/b7c50d96-3a6a-11de-8a2d-00144feabdc0.html
Bernanke: Stress tests could pave way for further intervention By Tom Braithwaite in Washington. Copyright The Financial Times Limited 2009. Published: May 7 2009 17:01 | Last updated: May 7 2009 17:01 http://www.ft.com/cms/s/0/e233f764-3b18-11de-ba91-00144feabdc0.htm
How banks learnt to play the system By John Gapper. Copyright The Financial Times Limited 2009. Published: May 6 2009 20:02 | Last updated: May 6 2009 20:02 http://www.ft.com/cms/s/0/960a15d0-3a6e-11de-8a2d-00144feabdc0.html
Wells and M Stanley raise new capital. Copyright The Financial Times Limited 2009. John Mack, Morgan Stanley’s chief executive, has said the bank would like to repay Tarp funds as soon as possible. Published: May 8 2009 16:18 | Last updated: May 8 2009 16:18 http://www.ft.com/cms/s/0/963b0ad2-3be0-11de-acbc-00144feabdc0.html
JPMorgan faces SEC lawsuit By Aline van Duyn and Francesco Guerrera in New York. Copyright The Financial Times Limited 2009. Published: May 8 2009 23:52 | Last updated: May 8 2009 23:52 http://www.ft.com/cms/s/0/8c2e1fd2-3c1e-11de-acbc-00144feabdc0.html
Fannie Mae taps Treasury for further $19bn By Saskia Scholtes in New York. Copyright The Financial Times Limited 2009. Published: May 8 2009 15:04 | Last updated: May 8 2009 15:04 http://www.ft.com/cms/s/0/6e516384-3bd3-11de-acbc-00144feabdc0.html
Financial Times Editorial Comment: A Lazarus option. Copyright The Financial Times Limited 2009. Published: May 7 2009 19:21 | Last updated: May 7 2009 19:21. Sergio Marchionne’s racy bid to take control of GM Europe and put it with Fiat Auto and Chrysler to create the world’s joint second biggest carmaker is the corporate equivalent of accelerating from 0-60mph in under five seconds. The history of putting car companies together is littered with models that did not work, but the sector has little choice but to consolidate. http://www.ft.com/cms/s/0/5b3220d6-3b2e-11de-ba91-00144feabdc0.html
Judge rejects opposition to Chrysler sale By Nicole Bullock in New York and Bernard Simon in Toronto. Copyright The Financial Times Limited 2009. Published: May 6 2009 07:34 | Last updated: May 6 2009 07:34 http://www.ft.com/cms/s/0/b451539e-3a07-11de-8a2d-00144feabdc0.html
Chrysler lenders end fight for better terms By Bernard Simon in Toronto. Copyright The Financial Times Limited 2009. Published: May 8 2009 23:29 | Last updated: May 8 2009 23:29 http://www.ft.com/cms/s/0/c051dfde-3c1d-11de-acbc-00144feabdc0.html?nclick_check=1
GM posts $6bn loss as bankruptcy looms - Carmaker burns through $10.2bn in cash By Bernard Simon in Toronto. Copyright The Financial Times Limited 2009. Published: May 7 2009 13:12 | Last updated: May 7 2009 17:01 http://www.ft.com/cms/s/0/7053ff16-3afc-11de-ba91-00144feabdc0.html
Toyota falls to first annual loss in years By Jonathan Soble in Tokyo. Copyright The Financial Times Limited 2009. Published: May 8 2009 07:21 | Last updated: May 8 2009 12:49 http://www.ft.com/cms/s/0/54e38034-3b93-11de-acbc-00144feabdc0.html
Porsche and VW agree merger By Daniel Schäfer in Frankfurt. Copyright The Financial Times Limited 2009. Published: May 6 2009 19:22 | Last updated: May 7 2009 00:04 http://www.ft.com/cms/s/0/ddecbd20-3a65-11de-8a2d-00144feabdc0.html
Filene's Basement files Ch. 11. Copyright 2009 Associated Press. 8:16 AM CDT, May 4, 2009. http://www.chicagotribune.com/business/chi-biz-filene-bankruptcy-may04,0,5753778.story
Commodities
Financial Times Editorial Comment: As good as gold. Copyright The Financial Times Limited 2009. Published: May 8 2009 19:30 | Last updated: May 8 2009 19:30. In Goldfinger, the 1964 James Bond film, the dastardly Auric Goldfinger planned to make the US government’s gold reserves worthlessly radioactive by detonating an atomic device in the vaults at Fort Knox. This was intended to make Goldfinger’s personal bullion stash 10 times more valuable. Frankly, his investment strategy was needlessly complex. This supervillain should have followed a more time-tested mantra: buy and hold. http://www.ft.com/cms/s/0/99c7813e-3bfa-11de-acbc-00144feabdc0.html
Gold sales cost Europe’s central banks $40bn - Swiss National Bank biggest loser By Javier Blas in London. Copyright The Financial Times Limited 2009. Published: May 6 2009 23:31 | Last updated: May 7 2009 08:55 http://www.ft.com/cms/s/0/433a92b4-3a67-11de-8a2d-00144feabdc0.html
Dollar and yen rally as havens are sought By Johanna Kassel. Copyright The Financial Times Limited 2009. Published: May 6 2009 11:32 | Last updated: May 6 2009 11:32 http://www.ft.com/cms/s/0/38cce0ca-3a26-11de-8a2d-00144feabdc0,s01=1.html
Housing
New report bolsters US housing hopes By Sarah O’Connor in Washington. Copyright The Financial Times Limited 2009. Published: May 4 2009 16:32 | Last updated: May 4 2009 16:32 http://www.ft.com/cms/s/0/d73f4f0e-38be-11de-8cfe-00144feabdc0.html
US mortgage cuts offer spending boost By Saskia Scholtes and Chrystia Freeland in New York. Copyright The Financial Times Limited 2009. Published: May 3 2009 22:36 | Last updated: May 3 2009 22:36 http://www.ft.com/cms/s/0/d586a694-3828-11de-9211-00144feabdc0.html
Where Home Prices Crashed Early, Signs of a Rebound By DAVID STREITFELD. Copyright by The New York Times. Published: May 4, 2009. http://www.ft.com/cms/s/0/03f8b64a-38d6-11de-8cfe-00144feabdc0.html
Chicago-area home sales fall 26% in first quarter. Copyright © 2009, Chicago Tribune. 10:12 AM CDT, May 8, 2009. http://www.chicagotribune.com/business/chi-chicago-home-sales-may8,0,1935339.story
Senate bill gives freer hand to mortgage market By Saskia Scholtes in New York. Copyright The Financial Times Limited 2009. Published: May 7 2009 01:28 | Last updated: May 7 2009 01:28 http://www.ft.com/cms/s/0/c7842914-3a93-11de-8a2d-00144feabdc0.html
GLBT
Gay rights after the first one hundred days of the Obama Presidency. By Carlos T Mock, MD. May 7, 2009 http://newsletter91507.blogspot.com/2009/05/gay-rights-after-first-one-hundred-days.html
As Gay Issues Arise, Obama Is Pressed to Engage By SHERYL GAY STOLBERG. Copyright by The Associated Press. Published: May 6, 2009 http://www.nytimes.com/2009/05/07/us/politics/07obama.html?th&emc=th
Chicago Sun Times Editorial: Legalize civil unions here. Copyright by The Chicago Sun Times. May 8, 2009 http://www.suntimes.com/news/commentary/1564186,CST-EDT-edit08.article
Daily Herald Editorial: Civil unions, now, in Illinois. Copyright by The Daily Herald Editorial Board. Published: 5/8/2009 12:03 AM. http://www.dailyherald.com/story/?id=292111&src=
ILLINOIS CLERGY URGE PASSAGE OF CIVIL UNION BILL SPRINGFIELD, IL - More than 150 clergy signed a letter urging the Illinois House of Representatives to pass a civil union bill which would give recognition and legal protections to same-sex couples. The clergy represent a variety of mainstream denominations throughout the State of Illinois and the letter was organized by Allied for Equality a joint project of Equality Illinois and Parents, Families and Friends of Lesbians & Gays (PFLAG). http://newsletter91507.blogspot.com/2009/05/illinois-clergy-urge-passage-of-civil.html
Maine Becomes 5th State to Allow Same-Sex Marriage By GLENN ADAMS. Copyright by The Associated Press. Wednesday, May 6, 2009; 1:04 PM http://www.washingtonpost.com/wp-dyn/content/article/2009/05/06/AR2009050601681.html?hpid=topnews
New York Times Editorial: ‘This Is a Question of Fairness’. Copyright by The New York Times. Published: May 7, 2009. It is by no means a fast and easy path, but the cause of same-sex marriage is moving forward — proof that justice can triumph over wedge politics and prejudice. It happened this week in Maine and New Hampshire, where both states’ legislatures voted to legalize same-sex marriage and promptly put the final say to their governors. http://www.nytimes.com/2009/05/08/opinion/08fri4.html?ref=opinion
Same-sex marriages gradually gain legal ground - Even in states that don't allow gay marriage, court decisions on child custody, divorce and other issues are giving incremental rights to same-sex couples. By Carol J. Williams. Copyright © 2009, The Los Angeles Times. May 4, 2009 http://www.chicagotribune.com/news/nationworld/la-na-gay-marriage-law4-2009may04,0,4246217.story
Dems: Opportunity as gay marriage acceptance grows By Liz Sidoti. Copyright by The Associated Press. May 6, 2009. WASHINGTON—Gay marriage legalization in several states and the public’s growing acceptance of same-sex unions have Democrats sensing political opportunity and some Republicans re-evaluating their party’s hard-line opposition to an issue that long has rallied its base. http://www.chicagofreepress.com/node/3458
New York times Editorial: Matthew Shepard Act. Copyright by The New York times. Published: May 5, 2009. After years of unconscionable delay, the House has approved legislation that would, for the first time, extend federal hate-crimes law to give substantive coverage to gay people. The act would be an important step forward in protecting all minorities from violence and a tribute to a young man whose life was cut short by bigotry. http://www.nytimes.com/2009/05/06/opinion/06wed3.html?th&emc=th
Hate and a Question of Rights By Kathleen Parker. Copyright by The Washington Post. Sunday, May 3, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/01/AR2009050102827.html
Chicago Free Press Editorial: They can’t deny it any longer. Copyright by The Chicago Free Press. May 6, 2009. A North Carolina Congresswoman had to take back her choice of words last week, after referring to Matthew Shepard’s murder as a hoax during debate on the hate crimes legislation that ultimately passed the House. http://www.chicagofreepress.com/node/3461
Washington Post Editorial: Mr. Barry's Ugly Words - The D.C. Council member chose politics over principle in a vote against recognizing same-sex marriages. Copyright by The Washington Post. Saturday, May 9, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/08/AR2009050803544.html
Uproar in D.C. as Same-Sex Marriage Gains By Tim Craig. Copyright by The Washington Post. Wednesday, May 6, 2009 http://www.washingtonpost.com/wp-dyn/content/article/2009/05/05/AR2009050501618.html?wpisrc=newsletter&wpisrc=newsletter
‘Crack mayor’ sniffs at gay marriage By Clarence Page. Copyright © 2009, Chicago Tribune. Originally posted: May 8, 2009 http://newsblogs.chicagotribune.com/pagespage/2009/05/crack-mayor-sniffs-at-gay-marriage.html
REACHING A PROPERTY AGREEMENT: THE LGBT DIVORCE by Roger V. McCaffrey-Boss. Copyright by gay Chicago Magazine and Roger V. McCaffrey-Boss. May 7-13, 2009 http://www.gaychicagomagazine.com/advice/legallyspeaking.shtml
For Gay Couples, Obstacles to Health Insurance By WALECIA KONRAD. Copyright by The New York Times. Published: May 8, 2009. “It’s not easy being gay,” said Mary Jo Hudson, director of the Ohio Department of Insurance. She wasn’t referring to political opposition and other obstacles, but the plight of same-sex couples who are trying to get and keep health insurance. http://www.nytimes.com/2009/05/09/health/09patient.html?_r=1&hp
Vernita Gray: Fighting for 40 years by Paul Marinkovich. 2009-05-06. Copyright by The Windy City Times http://www.windycitymediagroup.com/gay/lesbian/news/ARTICLE.php?AID=21065
Midlife crisis #261: A Catholic Taste By St. Sukie de la Croix. Copyright by The Chicago Free Press. May 6, 2009. This latest spat between differing factions within the Roman Catholic Church may prove to be the beginning of the end for this bizarre Mediterranean Christian cult lead by men in bad drag. The Vatican, aka “HQ of the Holy Church of Child-Rapists,” has ordered a probe into the doings of American nuns, claiming they are soft on homosexuality. The New Catholic Reporter writes that Cardinal Joseph Levada, head of the Congregation for the Doctrine of the Faith, has concluded that U.S. nuns are not teaching the church’s doctrine on homosexuality. http://www.chicagofreepress.com/node/3469
Immigration
New York Times Editorial: A Shift on Immigration Copyright by The New York Times. Published: May 2, 2009. http://www.nytimes.com/2009/05/03/opinion/03sun1.html?th&emc=th
Chicago Sun-Times Editorial - Immigration laws get dose of sanity. Copyright by The Chicago Sun-Times. May 6, 2009 http://www.suntimes.com/news/commentary/1559899,CST-EDT-edit06b.article
Buying Time on Immigration By E.J. Dionne Jr. Copyright by The Washington Post. Monday, May 4, 2009. On many questions, President Obama's approach is full speed ahead. On immigration reform, he prefers to take things one step at a time. There really is no alternative. http://www.washingtonpost.com/wp-dyn/content/article/2009/05/03/AR2009050301848.html
Technical
Encyclopedic Knowledge, Then vs. Now By RANDALL STROSS. Copyright by The New York Times. Published: May 2, 2009. THIS is the end of the line for Encarta, the encyclopedia that Microsoft introduced in 1993 and still describes boastfully on its Web site as “the No. 1 best-selling encyclopedia software brand for the past eight years.” Microsoft recently announced that sales would soon cease and that the Encarta Web site, supported by advertising, would be shut down later this year. http://www.nytimes.com/2009/05/03/business/03digi.html?scp=1&sq=Encyclopedic%20Knowledge,%20Then%20vs.%20Now&st=cse
Apple’s Popular Electronic Playground By SETH SCHIESEL. Copyright by The New York Times. Published: May 8, 2009 http://www.nytimes.com/2009/05/09/arts/television/09phon.html?_r=1&th&emc=th
Board Ties at Apple and Google Are Scrutinized By MIGUEL HELFT and BRAD STONE. Copyright by The New York Times. Published: May 4, 2009 http://www.nytimes.com/2009/05/05/technology/companies/05apple.html?th&emc=th
Medical
WHO considers flu alert overhaul - Agency facing growing criticism for provoking alarm By Andrew Jack in London. Copyright The Financial Times Limited 2009. Published: May 7 2009 15:42 | Last updated: May 7 2009 15:42 http://www.ft.com/cms/s/0/e89de9ea-3b11-11de-ba91-00144feabdc0.html
Flu? What Flu? By ELISABETH MALKIN. Copyright by The New York Times. Published: May 8, 2009. MEXICO CITY — If you are looking for a cheap travel destination, try Mexico. http://www.nytimes.com/2009/05/09/business/global/09peso.html?ref=global-home
Schumer Offers Middle Ground on Health Care By ROBERT PEAR. Copyright by The New York Times. Published: May 5, 2009. WASHINGTON — In an effort to defuse the most explosive issue in the debate over comprehensive health care legislation, a top Senate Democrat has proposed that any new government-run insurance program comply with all the rules and standards that apply to private insurance. http://www.ft.com/cms/s/0/03f8b64a-38d6-11de-8cfe-00144feabdc0.html
Other
Judy Blume embroiled in Planned Parenthood controversy - Agency's fundraising push includes letter from famed author By Colleen Mastony. Copyright © 2009, Chicago Tribune. May 9, 2009 http://www.chicagotribune.com/news/nationworld/chi-talk-blumemay09,0,4908644.story
Boston Globe deal averts shutdown By Kenneth Li in New York. Copyright The Financial Times Limited 2009. Published: May 6 2009 13:44 | Last updated: May 6 2009 13:44 http://www.ft.com/cms/s/0/3c6ef30e-3a39-11de-8a2d-00144feabdc0.html
Supreme Court wants new look at 'wardrobe malfunction' By Bill Mears. Copyright by CNN News. updated 4:14 p.m. EDT, Mon May 4, 2009. WASHINGTON (CNN) -- The case of Janet Jackson's "wardrobe malfunction" on national television -- and subsequent fines against CBS -- will be re-examined at the order of the Supreme Court. Justin Timberlake and Janet Jackson perform at the Super Bowl just before the infamous "wardrobe malfunction." http://www.cnn.com/2009/SHOWBIZ/TV/05/04/us.scotus.jjackson/index.html
Humor
Harry Enfield - Women know your limits http://www.youtube.com/watch?v=SjxY9rZwNGU
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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