A lightning rod in the bitter culture war over abortion, George Tiller had already been picketed, bombed and shot in the arms.
He was shot to death just after 10 am (1500 GMT) in the lobby of Reformation Lutheran Church in Wichita, Kansas, police and city officials said.
At least one picture shows an American soldier apparently raping a female prisoner while another is said to show a male translator raping a male detainee.
Further photographs are said to depict sexual assaults on prisoners with objects including a truncheon, wire and a phosphorescent tube.
Another apparently shows a female prisoner having her clothing forcibly removed to expose her breasts.
Detail of the content emerged from Major General Antonio Taguba, the former army officer who conducted an inquiry into the Abu Ghraib jail in Iraq.
Allegations of rape and abuse were included in his 2004 report but the fact there were photographs was never revealed. He has now confirmed their existence in an interview with the Daily Telegraph.
The graphic nature of some of the images may explain the US President’s attempts to block the release of an estimated 2,000 photographs from prisons in Iraq and Afghanistan despite an earlier promise to allow them to be published.
Maj Gen Taguba, who retired in January 2007, said he supported the President’s decision, adding: “These pictures show torture, abuse, rape and every indecency.
TALF details suggest Obama doesn’t get it - Credit Writedowns: "Marshall Auerback here. As Ed lucidly suggested to me by e-mail:
“We see the Fed giving a loan for assets at the price as reported on the institutions’ books. Otherwise, you have to take a write-down just to get the loan. That’s a non-starter. So the Fed is going to take the asset as collateral at its reported value and will administer a haircut of 5-16%. This program is applicable only to certain AAA paper to diminish the possibility that more haircut would be needed (I am sceptical here).
If irrational despondency goes away, the loan is repaid. However, if the asset falls in value, the Fed has no-recourse. Given the fact that they have already mentioned the SPV, it suggests the investment company could then renege and have the collateral seized with no other penalty.”
But a lot of this is not “irrational despondency”. The reality is that large chunks of these toxic “assets” are not “impaired,” or “illiquid,” or “distressed”. They are worthless, now and forever – unless the peak real estate values of the bubble can miraculously be restored and a whole bunch of deceased LBOs can be raised from the tomb. The banks know this, investors know this, Geithner and Co. know"
ASHINGTON – The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.
The Federal Reserve said Thursday that household net worth dropped by a record 9 percent from the level in the third quarter.
The decline was the sixth straight quarterly drop in net worth and underscored the battering that U.S. families are undergoing in the midst of a steep recession with unemployment surging and the value of their homes and investments plunging.
Mme Duflo has, above all, developed and promoted the concept of "scientific" testing of anti-poverty programmes – what works and what doesn't but also, crucially, why things work and why they don't. She believes – and has proved – that the effectiveness of anti-poverty programmes can be explored by "random testing", in the same way pharmaceutical companies test drugs.
Esther Duflo does her research not so much in government archives and university libraries but villages in India, Ghana or Kenya. She is left wing but in a "whatever it takes" kind of way. She has spent most of the past 10 years in the US, where she is a professor at the Massachusetts Institute of Technology. Three years ago, she founded the Poverty Action Lab, to put her ideas into practice. The World Bank incorporated ideas developed by "random testing" in 87 of its programmes last year. "Some of what we prove may seem obvious but we have to overcome prejudices," she said. "Many aid organisations, for instance, believe people should not be given bribes to improve their own health."
"We have framed tests in different countries, which show that people will take, say, de-worming medicine in far greater numbers if you give them a tiny incentive, such as a kilo of beans."
A Spanish mother has taken revenge on the man who raped her 13-year-old daughter at knifepoint by dousing him in petrol and setting him alight. He died of his injuries in hospital on Friday.
Antonio Cosme Velasco Soriano, 69, had been sent to jail for nine years in 1998, but was let out on a three-day pass and returned to his home town of Benejúzar, 30 miles south of Alicante, on the Costa Blanca.
While there, he passed his victim's mother in the street and allegedly taunted her about the attack. He is said to have called out "How's your daughter?", before heading into a crowded bar.
Shortly after, the woman walked into the bar, poured a bottle of petrol over Soriano and lit a match. She watched as the flames engulfed him, before walking out.
Former Fed Chairman Volker speaks to Canadians..states the obvious.
There is a certain interest in what's going on in the financial world. And I will disappoint you by saying I don't know all the answers. But I know something about the problem. Let me just sketch it out a little bit and suggest where we may be going. There is a lot of talk about how we get out of this, but I think it's worth remembering, or analyzing, how this all started.
This is not an ordinary recession. I have never, in my lifetime, seen a financial problem of this sort. It has the makings of something much more serious than an ordinary recession where you go down for a while and then you bounce up and it's partly a monetary - but a self-correcting - phenomenon. The ordinary recession does not bring into question the stability and the solidity of the whole financial system. Why is it that this is so much more profound a crisis? I'm not saying it's going to get anywhere as serious as the Great Depression, but that was not an ordinary business cycle either.
.....
When we finished with the ordinary ways of spending it - with the help of our new profession of financial engineering - we developed ways of making weaker and weaker mortgages. The biggest investment in the economy was residential housing. And we developed a technique of manufacturing class D mortgages but putting them in packages which the financial engineers said were class A.
So there was an enormous incentive to take advantage of this bit of arbitrage - cheap money, poor mortgages but saleable mortgages. A lot of people made money through this process. I won't go over all the details, but you had then a normal business cycle on top of it. It was a period of enthusiasm. Everybody was feeling exuberant. They wanted to invest and spend.
One of the arguments one hears in the compensation debate is that the bonus system used by Wall Street ....is there to “reward talent”. While I find this notion of “talent” debatable, I fully agree that incentives are the heart of capitalism and free markets – but certainly not that incentive scheme.
In fact, the incentive scheme commonly in place does the exact opposite of what an “incentive” system should be about: it encourages a certain class of risk-hiding and deferred blow-up. It is the reason banks have never made money in the history of banking, losing the equivalent of all their past profits periodically – while bankers strike it rich....
Take two bankers. The first is conservative. He produces one annual dollar of sound returns, with no risk of blow-up. The second looks no less conservative, but makes $2 by making complicated transactions that make a steady income, but are bound to blow up on occasion, losing everything made and more. So while the first banker might end up out of business, under competitive strains, the second is going to do a lot better for himself. Why? Because banking is not about true risks but perceived volatility of returns: you earn a stream of steady bonuses for seven or eight years, then when the losses take place, you are not asked to disburse anything. You might even start again, after blaming a “systemic crisis” or a “black swan” for your losses. As you do not disgorge previous compensation, the incentive is to engage in trades that explode rarely, after a period of steady gains.
Here you can see that this mismatch between the bonus payment frequency (typically, one year) and the time to blow up (about five to 20 years) is the cause of the accumulation of positions that hide risk by betting massively against small odds....
If capitalism is about incentives, it should be about true incentives, those resistant to blow-ups. And there should be disincentives to remove the asymmetry of the free option. Entrepreneurs are rewarded for their gains; they are also penalised for their losses. Now, by comparison, consider that Robert Rubin, the former US Treasury secretary, earned close to $115m (€90m, £80m) from Citigroup for taking risks that we are paying for. So far no attempt has been made to claw it back from him – only UBS, the Swiss bank, has managed to reclaim some past bonuses from its former executives....
[W[hen it comes to banks and other “too big to fail” entities, the problem is severe: we taxpayers in our respective countries are funding these global monsters and are coughing up money for mistakes made by bankers who retain their bonuses and are hijacking us because, as we are discovering (a little late), banking is a utility and we need them to clean up their mess....
Communism is dead, most pundits--the mainstream, stupid ones anyway--have been telling us since the USSR shut down in 1991. As it turns out, the libertarians were wrong. Half-right, anyway: Human nature may be inherently individualistic, as free market capitalists claim, but it's also inherently social. When economies boom, most people are sufficiently satisfied to leave well enough alone. Who cares if my boss gets paid 100 times more than I do? I'm doing OK. As resources become scarce, however, we huddle together for protection. The sight of a small rich elite hoarding all the goodies violates our primal sense of fairness.
"In Soviet times," a man in present-day Tajikistan told me, "we lived worse than we do today. But we were all the same. Now we live a bit better, but we have to watch rich assholes pass us in their Benzes." Which would he choose? No hesitation: "Soviet times."
In America, a French cliché goes, people are afraid of the government. In France, the government is afraid of the people. With good reason, too: the French have overthrown their governments dozens of times since the Revolution of 1789. The French are hard wired with class consciousness. Strikes, demonstrations and general hell-raising are festive occasions. Only when things spin totally out of control--as when Muslim youths rioted in the suburbs of Paris and other cities--are conservatives like Sarkozy able to make headway.
Riots over police brutality by disenfranchised minorities make the French nervous. But contempt for American-style "harsh capitalism," where citizens pay $800 a month for healthcare and write nary a letter to their local newspaper to complain, is 100 percent mainstream. The French don't think they should have to suffer just because some greedy bankers went on a looting spree.
Even Sarkozy is getting the message. "We don't want a European May '68 in the middle of Christmas," he warned his ministers in December. He shelved proposals to loosen regulation of business. Arnaud Lagardère, CEO of the Lagardère Group, told the financial daily Les Echos: "We're seeing, in renewed form, the most debatable aspects of Anglo-Saxon capitalism called into question."
In Illinois which has such a seed law, Madigan, the Speaker of the House, his staff is Monsanto lobbyists.
Check the map of just where the Monsanto/Vilsack laws are and see if your state is still a democracy or is Monsanto's. A farmer in Illinois told me he heard that Bush had pushed through some regulation that made this true in every state. People need to check on that.
