Iraq death toll
Download 1.35 Mb.
|
- Navigate this page:
- Buffet Bail
Palin Shuns PressPalin meets Karzai without usual reporters in tow By SARA KUGLER, Associated Press Writer 09/23/08 NEW YORK - Republican vice presidential candidate Sarah Palin, who has not held a press conference in nearly four weeks of campaigning, on Tuesday barred most pool reporters from her meeting with Afghan President Hamid Karzai, the first foreign head of state she has ever met. Journalists protested the campaign's decision to exclude all but photographers and a TV crew from Palin's sessions with foreign leaders. CNN decided to withdraw its TV crew, effectively denying Palin the high visibility she sought for her initial foray into world affairs. The campaign then reversed course, saying pool reporters — a small group that provides information to all media — could attend the meetings planned after Karzai hosted Palin at his suite in The Barclay New York Hotel. A television producer with a notepad was denied entry into Karzai's suite by a man who repeatedly said, "No writers." However, a Palin official stepped in and let him pass, according to a pool report. In the Karzai suite, Palin sat in a large chair a few feet from Karzai. Behind her were foreign policy advisers for the campaign, Steve Biegun and Randy Scheunemann. Photographers and the TV crew were asked to leave after about a half-minute of recording Palin and Karzai. An exchange clearly heard above the clicking of cameras involved Karzai's son, born in January 2007. "What is his name?" Palin asked. "Mirwais," Karzai responded. "Mirwais, which means, 'The Light of the House.'" "Oh, nice," Palin said. "He is the only one we have," Karzai said. Presidents and members of Congress routinely allow reporters to attend photo opportunities along with photographers. Reporters sometimes are able to ask questions during the brief photo sessions, usually held at the beginning of private meetings. In response to questions about why pool reporters who routinely travel with Palin were denied access, spokeswoman Tracey Schmitt didn't offer a reason in a statement that read, "The decision was made for this to be a photo spray with still cameras and video cameras only." At first, campaign aides said pool reporters would not be admitted along with still photographers and a video camera crew taken in to photograph Palin's meetings with Karzai and Colombian President Alvaro Uribe, who were in town for the United Nations General Assembly. She was to meet later with former Secretary of State Henry Kissinger. Those sessions and meetings scheduled for Wednesday were part of the Republican campaign's effort to give the Alaska governor some experience in foreign affairs. She had never before met a foreign head of state and had first traveled outside North America just last year. At least two news organizations, including The Associated Press, objected to the exclusion of reporters and were told that the decision was not subject to discussion. Campaign aides subsequently announced that reporters would be allowed to accompany photographers into the later sessions with Uribe and Kissinger. Palin has been criticized for avoiding taking questions from reporters or submitting to one-on-one interviews. She has had just two major interviews since Republican presidential candidate John McCain chose her as his running mate on Aug. 29. On Wednesday, McCain and Palin were expected to meet jointly with Georgian President Mikhail Saakashvili and Ukrainian President Viktor Yuschenko. Palin was then to meet separately with Iraqi President Jalal Talabani, Pakistani President Asif Ali Zardari and Indian Prime Minister Manmohan Singh. Buffet BailBuffett's Berkshire betting $5 billion on Goldma By ANNA JO BRATTON, Associated Press Writer 09/24/08 OMAHA, Neb. - Warren Buffett, one of the world's best known and wealthiest investors, is betting $5 billion that the U.S. financial system is not about to collapse. Buffett's Berkshire Hathaway Inc. said Tuesday it will invest at least $5 billion in Goldman Sachs Group Inc., a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers. It may be just the shot in the arm that shares needed. Wall Street appeared headed for a higher opening Wednesday, though credit markets remained uncertain about the government's $700 billion bailout plan for banks. In addition to buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman's common stock. Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering. The news, which broke late Tuesday, sent shares of Goldman Sachs and stock index futures higher in electronic trading, after the Dow Jones industrial average posted a triple-digit decline for the second day in a row. Early Wednesday, before markets opened, Goldman shares gained about 5 percent in electronic trading over their Tuesday close of $125.05. The stock had traded as high as $250.70 in the past year. Goldman Sachs' shares had been tumbling ahead of the announcement of the government rescue plan last Friday as investors feared it could face the same kinds of funding squeezes as Bear Stearns and Lehman. Treasury Secretary Hank Paulson, a former co-CEO of Goldman Sachs, and Federal Reserve Chairman Ben Bernanke told Congress hours earlier that quick action on a $700 billion bailout measure for financial services firms was needed to prevent economic havoc. Buffett, one of the most successful investors in history, did not mention what is happening in Washington, but he did heap praise on the New York-based firm. "Goldman Sachs is an exceptional institution," the chairman and CEO of Berkshire Hathaway said in a news release. "It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance." It will be Buffett's second major foray into Wall Street. In the late 1980s, Berkshire Hathaway invested in Salomon Brothers Inc. When the investment firm admitted wrongdoing in bidding for U.S. Treasury bonds in 1991, Buffett became interim chairman and helped Salomon reach a settlement with the government before stepping down in 1992. Salomon was later sold to what is now Citigroup Inc. Buffett's latest investment comes two days after Goldman Sachs and Morgan Stanley, the last two independent investment banks on Wall Street, won approval from the Federal Reserve to change their status to bank holding companies. By becoming commercial banks, the two companies avoided the fate of Bear Stearns and Lehman Brothers — the first taken over in a fire sale and the second now bankrupt — by giving them broader access to borrow federal money and the ability to build a stable base of deposits. But it also comes with closer regulatory oversight that likely limit its ability to generate the kinds of sky high profits that were topped by few other companies. The strict rules set by the Federal Reserve will limit opportunities for big payoffs from what is known as proprietary trading, using borrowed funds to place high-octane bets on everything from the price of oil to currencies and other commodities. Berkshire's preferred stock in Goldman will pay 10 percent and can be bought back any time at a 10 percent premium. The warrants allow Berkshire to buy $5 billion in common stock at $115 per share any time over the next five years. Morgan Stanley got its own cash infusion on Monday, agreeing to sell a 20 percent stake for more than $8 billion to Mitsubishi UFJ Financial Group Inc., Japan's largest bank. Mark Lane, an analyst who follows Goldman for William Blair & Co. in Chicago, said he had expected Goldman and Morgan Stanley to raise capital after getting the Fed's approval to become bank holding companies. Buffett's investment "sends a pretty strong message of support for the independent-bank business model," Lane said. "It sends a stabilizing signal to the market." On Sept. 14, the No. 4 investment bank, Lehman Brothers, filed for the largest bankruptcy in U.S. history, weighed down by fouled commercial real estate holdings and a loss of faith from investors and other banks it did business with. On the same day, ailing Merrill Lynch & Co. arranged a hasty deal to be bought by Bank of America Corp. Wall Street's troubles came as a freeze-up in credit markets threatened to clog the global financial system. The U.S. government arranged an $85 billion loan last week to rescue the huge insurer American International Group Inc. and is seeking approval from Congress to buy back some $700 billion in bad mortgages and other toxic debts from financial institutions. A message left for a Berkshire spokeswoman seeking further comment on the transaction wasn't immediately returned Tuesday. Berkshire officials do not typically comment on its stock investments beyond what they are legally required to disclose. A spokeswoman at Goldman Sachs said no one was immediately available to talk about the deal. At last report, Berkshire had total assets of nearly $278 billion, including significant stakes in companies such as Wells Fargo & Co., American Express and the Washington Post Co. Directory: files files -> Answer True False 2 points Question 2 files -> Integer programming and game theory files -> 4 Integer Programming files -> Bpa vehicle Window Repair Scenario #1 task: Procure vehicle window relacement. Objective files -> Pop Warner History files -> North Carolina Inclusion Initiative Mapping Where Children with ieps are Being Served Purpose files -> Fall 2013 Spring 2014 Program Data: Standard 1 Exhibit 4d files -> Hanban – asia society confucius classrooms network 2010 request for proposal files -> Northern England’s set-jetting locations Download 1.35 Mb. Share with your friends:
|