Swedish Meatballs
12 hours ago
The world's first Swiss Army knife' has been revealed - made 1,800 years before its modern counterpart.Read More......
An intricately designed Roman implement, which dates back to 200AD, it is made from silver but has an iron blade.
It features a spoon, fork as well as a retractable spike, spatula and small tooth-pick.
Paulson has a new book on the crisis called "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System."Read More......
"What I say in the book is that when I ran with Goldman Sachs, even during benign times, I had felt the compensation in the industry seemed out of whack, and I would occasionally go off in partners meetings and say something to the effect, 'I hope you guys all understand,' and remind them, 'people don't like you. Very few people do,'" Paulson told CNBC.
"When the government did what it did and saved the entire financial system … these paychecks just seem so out of whack and out of tune with what's going on with the public," he added.
Under the Obama administration, the F.D.A. has stepped up scrutiny of drug advertising, dispatching many warning letters about misleading commercials and online marketing efforts. But this is believed to be the first time the agency has warned an individual investigator — a medical researcher who oversees a clinical trial — for apparently promoting an unapproved drug.Read More......
Dr. Baumann is far from the only cosmetic doctor to have jumped the gun. Some talk show hosts and beauty editors (including this reporter in her previous job at W magazine) have often turned to clinical investigators for news of the latest cosmetic medical treatments.
Now, some industry experts say the F.D.A. warning may curb the media enthusiasm of certain cosmetic doctors who until now have provided scoops about coming medical products — or have talked up the latest unapproved cosmetic uses for drugs and devices that the agency had approved only for other purposes.
Today, Citizens for Responsibility and Ethics in Washington (CREW) urged President Obama and all members of Congress not to attend this year’s National Prayer Breakfast, scheduled for February 4, 2010. The breakfast, designed to appear as if government-sanctioned, actually serves as a meeting and recruiting event for the shadowy Fellowship Foundation.Read More......
The Fellowship, also known as “The Foundation” and “The Family,” is run by Doug Coe, a spiritual advisor to past government officials who uses the organization to push his unorthodox brand of Christianity within government circles. The Fellowship operates the infamous C Street House, a congressional residence and meeting place on Capitol Hill that has been a frequent haunt of some ethically challenged elected officials, including Sens. John Ensign (R-NV) and Tom Coburn (R-OK), Rep. Todd Tiahrt (R-KS) and former-Rep. and now-Gov. Mark Sanford (R-SC).
The organization operates under an intense veil of secrecy, staying largely out of the public eye and hiding its donors’ identities. The Fellowship has used its government clout to facilitate backdoor meetings between U.S. and foreign officials, improperly claimed tax exempt status for the C Street House, and has persuaded members of Congress, including Sen. James Inhofe (R-OK) to conduct Fellowship-sanctioned evangelizing while traveling at taxpayer expense. Members of the Fellowship also have been involved with legislation in Uganda calling for the death penalty for gays.
Melanie Sloan, CREW’s executive director, said, “The National Prayer Breakfast uses the suggested imprimatur of the elected leaders who attend to give the Fellowship greater credibility and facilitate its networking and fundraising.” Sloan continued, “The president and members of Congress should not legitimatize this cult-like group – the head of which has praised the organizing abilities of Hitler and Bin Laden – by attending the breakfast.”
LOSERSRead More......
* The wealthy - If your household earns more than $250,000 a year, start saying goodbye to the tax cuts of 2001 and 2003. Obama's budget lets those cuts expire seeks to raise $678 billion over 10 years to set against the deficit.
* Banks - In case there was any doubt about Obama's threat to make banks pay taxpayers back for the bailout program, the goal is now enshrined in the budget. The administration expects to earn $90 billion over 10 years from a fee it plans to levy on big financial institutions.
Goldman Sachs, the world’s richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.Read More......
Bankers in Davos for the World Economic Forum (WEF) told The Times yesterday they understood that Lloyd Blankfein and other top Goldman bankers outside Britain were set to receive some of the bank’s biggest-ever payouts. “This is Lloyd thumbing his nose at Obama,” said a banker at one of Goldman’s rivals.
Goldman Sachs is becoming the focus of an increasingly acrimonious political and financial showdown over the payment of multimillion-pound bonuses.Last week the US President described bonuses paid out by some banks as “the height of irresponsibility” and “shameful”.
The $3.8 trillion budget blueprint President Obama plans to submit to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class. But it also would slash funding for hundreds of programs and raise taxes on banks and the wealthy to help rein in soaring budget deficits.The New York Times, however, leads with the deficit:
To put people back to work, Obama proposes to spend about $100 billion immediately on a jobs bill that would include tax cuts for small businesses, social-safety-net programs, and aid to state and local governments. To reduce deficits, he would impose new fees on some of the nation's largest banks and permit a range of tax cuts to expire for families earning more than $250,000 a year, in addition to freezing non-security spending for three years.
The deficit for the current fiscal year will reach nearly $1.6 trillion, a new post-World War II high, with the addition of about $100 billion in additional tax cuts and public works spending that President Obama has proposed to spur job creation, according to the administration.We are slowly crawling out of the worst economic crisis since the Great Depression. But, watch Republicans start railing against the deficit and the national debt, as if they played no role in it. They did. Read More......
But that will be the peak, officials say. The new budget that Mr. Obama is proposing on Monday for fiscal year 2011, which begins in October, will put the government on a “smooth glide path” to lower annual deficits over the next decade, according to his budget director, Peter R. Orszag.
Whitehall officials drafted the "contract with the Iraqi people" as a way of signalling to dissenters in Iraq that an overthrow of Saddam would be supported by Britain. It promised aid, oil contracts, debt cancellations and trade deals once the dictator had been removed. Tony Blair's team saw it as a way of creating regime change in Iraq even before the 9/11 attack on New York.Read More......
The document, headed "confidential UK/US eyes", was finalised on 11 June 2001 and approved by ministers. It has not been published by the Iraq inquiry but a copy has been obtained by The Independent and can be revealed for the first time today. It states: "We want to work with an Iraq which respects the rights of its people, lives at peace with its neighbours and which observes international law.
Many of those contacted say only a legally binding deal setting "top-down" global limits on emissions can ultimately avoid the worst impacts of rising temperatures. But a global deal at the next major climate summit in Mexico is impossible, says the former deputy prime minister John Prescott, now the Council of Europe's rapporteur on climate change. "I don't care if it's government ministers or NGOs, if they think you can get a legal agreement all signed up by November in Mexico, I don't believe it."Read More......
Similar opinions are being expressed worldwide. "In 2010 perhaps we'll manage some success, but I think a definitive deal is very difficult," said Suzana Kahn, a key negotiator in Copenhagen and Brazil's national secretary for climate change.
The change in rhetoric compared with just weeks ago is stark. On the eve of the Copenhagen summit last year, Gordon Brown wrote in the Guardian: "Our aim is a comprehensive and global agreement which is then converted to an internationally legally binding treaty in no more than six months."
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