Jim Cramer Handed His Hat
Among Other Things
Investors See a Glimmer and Shares Soar Worldwide
By STEVE LOHR and JACK HEALY
Published: March 13, 2009
A few clues that the economy’s downward spiral might be slowing galvanized Wall Street on Thursday and sent world stock markets soaring for the second time this week.
Investors searching for relief from a relentless march of bad economic news found wisps of hope in developments that, not many months ago, would have been regarded as alarming. The news, by and large, was bad – just not quite as bad as feared.
General Electric, the blue-chip corporation, was stripped of its triple-A credit rating, an emblem of business prowess it proudly held since 1956. But its rating fell just one notch, less than some analysts predicted. Shares of G.E. soared 13 percent.
Secret emails show Iraq dossier was ‘sexed up’
Intelligence chiefs criticised ‘iffy drafting’ of key document
By Nigel Morris, Deputy Political Editor Friday, 13 March 2009
Secret Whitehall emails released yesterday provide damning new evidence that the notorious dossier making the case for invading Iraq was “sexed up”.
They disclose that the intelligence services were sceptical over the “iffy drafting” of government claims that Saddam Hussein could mount a missile strike on his neighbours within 45 minutes of ordering an attack.
Officials privately mocked assertions that the Iraqi president was covertly trying to develop a nuclear capability and wisecracked that perhaps he had recruited “Dr Frankenstein” to his supposed crack team of nuclear scientists.
The release of a series of confidential memos and emails, following a protracted Freedom of Information battle, reignited the controversy over accusations that Tony Blair’s government “spun” Britain into war.
Last night both the Tories and the Liberal Democrats renewed their demands for a full public inquiry into the decision to join the US-led invasion of Iraq.
A stem cell battle along state lines
Conservatives who oppose the use of embryonic cells will lobby at the national level too.
By Dahleen Glanton
March 13, 2009
Reporting from Atlanta — Faced with a new federal policy that opens the door for more embryonic stem cell research, conservatives have geared up for a political battle at the national and state levels that goes to the core of their beliefs about the sanctity of human life.
Since President Obama lifted the eight-year ban on nearly all federal funding for stem cell research this week, conservative leaders have stepped up efforts to lobby Congress to preserve some restrictions, they said. They plan to launch a far-reaching campaign to educate the public about their point of view — as well as research alternatives that are not as controversial.
“This executive order is just the beginning of the process. Our concern is how broad this will be interpreted, and will there be limitations,” said Tony Perkins, president of the Family Research Council. “With limited tax dollars available, we should not use those funds for research that is at best morally questionable.”