The Morning News is an Open Thread.
From Yahoo News Top Stories
1 Greenspan reportedly warns on rate cuts
By Mark Felsenthal, Reuters
1 hour, 48 minutes ago
WASHINGTON (Reuters) – Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according to interviews published on Sunday.
Greenspan, whose memoirs hit book shelves on Monday, said the Fed should be careful not to cut rates too aggressively because the risk of an “inflationary resurgence” is greater now than when he was chairman, the Financial Times reported.
The U.S. central bank meets on Tuesday and is widely expected to cut benchmark federal funds rate — currently at 5.25 percent — by at least a quarter of a percent age point to help the economy weather a housing downturn and a credit crunch. |
2 Search for clues in Thai air disaster
by Griffin Shea, AFP
1 hour, 53 minutes ago
PHUKET, Thailand (AFP) – Investigators scoured the debris for clues Monday after a Thai passenger jet crashed on the resort island of Phuket, killing 88 people in Thailand’s worst air disaster in a decade.
Officials said 55 of the dead were foreigners aboard the MD-82 of budget carrier One-Two-Go, which smashed into an embankment, broke in two and burst into flames while trying to land in heavy rain on Sunday.
The low-fare carrier, in business for less than four years, said the plane’s two flight recorders had been dug out of the wreckage and would be sent to the United States for analysis. |
3 World should brace for possible war over Iran: France
AFP
Sun Sep 16, 4:48 PM ET
PARIS (AFP) – The world should brace for a possible war over the Iranian nuclear crisis but seeking a solution through talks should take priority, French Foreign Minister Bernard Kouchner said on Sunday.
“We have to prepare for the worst, and the worst is war,” he said in an interview broadcast on French television and radio.
“We must negotiate right to the end,” with Iran, he said, but underlined that if Tehran possessed an atomic weapon, it would represent “a real danger for the whole world.” |
4 Bush to nominate judge for Attorney General
By Thomas Ferraro, Reuters
2 hours, 20 minutes ago
WASHINGTON (Reuters) – President George W. Bush has settled on retired federal judge Michael Mukasey as his choice to replace outgoing Attorney General Alberto Gonzales, people familiar with the selection process said on Sunday.
The nomination of Mukasey, considered a law-and-order conservative and authority on national security issues, was expected on Monday, according to the sources, who asked not to be named.
A senior Republican aide told Reuters that background materials about the retired 66-year-old jurist were distributed to Senate Republican staffers, in preparation for Mukasey’s anticipated Senate confirmation hearing. |
5 Prime minister’s party wins Greek vote
By ELENA BECATOROS, Associated Press Writer
46 minutes ago
ATHENS, Greece – Greece’s conservative prime minister won re-election Sunday with a diminished majority in parliament after a financial scandal and devastating forest fires that killed more than 65 people last month.
The slimmer majority could make it harder for the government to carry out crucial economic and educational reforms, including overhauling Greece’s fractured and debt-ridden pension system.
But the conservatives inflicted a stronger defeat than expected on their rival socialists, who were seen as being in disarray after receiving the lowest number of parliament seats in 30 years. |
From Yahoo News Most Popular, Most Recommended
6 Myanmar monks lead anti-junta protests
By MICHAEL CASEY, Associated Press Writer
Sun Sep 16, 2:28 PM ET
BANGKOK, Thailand – Monks have vandalized shops of those supporting the dictatorship in Myanmar, briefly taken local officials hostage and are now threatening to launch a boycott as early as Tuesday against the military leaders and their families.
Nearly a month into the worst demonstrations to hit Myanmar in decades, the saffron-robed Buddhist clergy are emerging as the focal point of the anti-government protests. With dozens of pro-democracy activists behind bars or in hiding, most people are counting on monks – who have a role in almost all aspects of society from weddings to funerals – to take the lead in challenging the repressive regime in the mostly Buddhist country.
“Monks are our only hope now as they always have been in Myanmar political history,” said Hla Myint, a 75-year-old schoolteacher. “The military rulers can easily crush protests by students and other people. But brutal suppression of monks usually results in negative consequences and further protests.” |
7 Suspects in W.Va. torture set for court
By TOM BREEN, Associated Press Writer
2 hours, 20 minutes ago
CHARLESTON, W.Va. – Six white people accused of holding a black woman captive while they tortured and sexually assaulted her are scheduled to make their initial court appearances this week.
But the proceedings may be delayed because public defenders representing two of the defendants have recused themselves, Logan County Prosecutor Brian Abraham said.
The six defendants are charged with assaulting Megan Williams, 20, for more than a week at a ramshackle trailer in Big Creek. Police say she was tortured, sexually assaulted, forced to eat animal droppings and taunted with a racial slur. |
From Yahoo News Most Popular, Most Emailed
8 Travelers ask to see Craig bathroom
Associated Press
Sun Sep 16, 4:33 PM ET
MINNEAPOLIS, Minn. – When tourists ask for the bathroom in the Minneapolis airport lately, it’s usually not because they have to go.
It’s because they want to see the stall made famous by U.S. Sen. Larry Craig’s arrest in a sex sting.
“It’s become a tourist attraction,” said Karen Evans, information specialist at the Minneapolis-St. Paul International Airport. “People are taking pictures.” |
From Yahoo News World
9 As Ramadan begins, Al Qaida in Iraq seeks a turnaround
By Jay Price and Leila Fadel, McClatchy Newspapers
Sun Sep 16, 12:29 PM ET
BAGHDAD – Staggered for months by the U.S. troop buildup in Baghdad and a loss of support among many Sunni tribes, Al Qaida in Iraq is apparently pushing to reassert itself as the Muslim holy month of Ramadan begins.
A Web site believed to be controlled by the terrorist group posted statements Friday and Saturday taking credit for the killing Thursday of a high-profile tribal leader who had sided with the United States and announcing a Ramadan offensive.
It also belatedly took credit for a multiple bombing in northern Iraq in August that left at least 322 dead, the largest fatality count in a single attack since the start of the war in 2003. |
From Yahoo News U.S. News
10 Alaska corruption prosecutors criticized
By MATT APUZZO, Associated Press Writer
Sun Sep 16, 4:01 PM ET
ANCHORAGE, Alaska – The Justice Department inappropriately pressured a former state lawmaker to consider pleading guilty in a corruption case, according to his lawyer, who wants a federal judge to review the agency’s actions.
The claim is surfacing in a bribery investigation that has now stretched to Capitol Hill, where Sen. Ted Stevens and Rep. Don Young, both from Alaska, are under scrutiny.
A lawyer for former state Rep. Vic Kohring said the FBI recently used another state lawmaker, who was cooperating with investigators, to press Kohring to take a plea deal. |
11 Greenspan memoir links Iraq war to US thirst for oil
by Antoine Agasse, AFP
1 hour, 26 minutes ago
WASHINGTON (AFP) – Former Federal Reserve chairman Alan Greenspan, for years an inscrutable seer on the economy, is causing a stir by alleging in his new memoir that “the Iraq war is largely about oil.”
Greenspan, who as head of the US central bank was famous for his tight-lipped reserve, is uncharacteristically direct, also accusing President George W. Bush of abandoning Republican principles on the economy.
“I’m saddened that it is politically inconvenient to acknowledge what everyone knows — the Iraq war is largely about oil,” he wrote in reported excerpts of “The Age of Turbulence: Adventures in a New World,” which is set for release on Monday. |
From Yahoo News Politics
12 Six Democrats court activists
By MIKE GLOVER, Associated Press Writer
Sun Sep 16, 9:27 PM ET
INDIANOLA, Iowa – Six Democratic presidential candidates took aim at President Bush as they made their case Sunday to thousands of activists scattered across an Iowa field.
“Everybody is sick and tired of being sick and tired of George Bush,” said Illinois Sen. Barack Obama. “All you have to do is take a look at the president pretending that going around in circles was making progress. If that doesn’t get you ready to get rid of George Bush I don’t know what will.”
The six candidates paraded after each other in a carnival-like atmosphere in a field about 20 miles south of Des Moines. An estimated 12,000 activists streamed in for Iowa Sen. Tom Harkin’s annual steak fry, shelling out $30 each in a fundraiser for a veteran Democrat senator who doesn’t face serious opposition in next year’s election. |
From Yahoo News Business
13 GM-UAW talks reach critical point
By TOM KRISHER, AP Auto Writer
1 hour, 1 minute ago
DETROIT – Contract negotiations between General Motors Corp. and the United Auto Workers reached a critical point as local union officials hoped for an agreement but prepared once again for a possible strike on Monday.
Leaders at factories across the country received conflicting reports out of Detroit Sunday afternoon. Several reported progress and optimism but said that if no agreement was reached Sunday night, the union would walk out Monday morning.
A local union in Arlington, Texas, told its members to report to work as scheduled Monday but said it was committed to a strike if necessary. In a joint statement sent to union members and the media, UAW Local 276 leaders told members they expected negotiators either to wrap up talks or declare an impasse at the end of Sunday’s negotiating session. |
From Yahoo News Technology
14 Al Gore collects interactive Emmy for Current TV
By Steve Gorman, Reuters
2 hours, 22 minutes ago
LOS ANGELES (Reuters) – Six months after grabbing Oscar glory for his eco-documentary “An Inconvenient Truth,” former Vice President Al Gore collected an Emmy Award on Sunday for his fledgling youth-oriented cable network, Current TV.
The network, which launched in 2005 with video clips and other short programs made by viewers, received the “interactive television services” Emmy, a noncompetitive award picked by a panel of the Academy of Television Arts and Sciences.
“We are trying to open up the television medium so viewers can help to make television … and reclaim democracy,” Gore said in accepting the award, given Sunday for the first time during the Primetime Emmys telecast. |
15 Microsoft court case to test EU antitrust power
By Sabina Zawadzki, Reuters
49 minutes ago
BRUSSELS (Reuters) – A European Union court rules on Monday whether Microsoft abused its near-monopoly on computer operating systems to push out rivals, in a protracted case that has major implications on the EU’s power to enforce antitrust policy.
The executive European Commission decided in 2004 that Microsoft (MSFT.O) used its Windows operating system, running on 95 percent of the world’s computers and servers, to choke off competing makers of server and streaming media software.
The Commission fined the software giant a record 497 million euros ($690 million) and ordered it to change its business practices. Microsoft appealed, so a special 13-judge panel at the Court of First Instance will decide who was right. |
From Google News U.S.
16 In Iowa, Democrats Eat Steak and Look for Votes
By JEFF ZELENY, The New York Times
Published: September 17, 2007
INDIANOLA, Iowa, Sept. 16 – With a blue “Hillary” sticker fastened to the left side of her blouse, a white “Obama” sticker on the right and an “Edwards” sign tucked beneath her arm, Patty Walsh is the object of considerable attention from Democratic presidential hopefuls.
So Ms. Walsh came here on Sunday, to a green pasture outside this central Iowa town, to hear candidates make their pitches to voters who will be among the first to voice their opinions in the presidential race next year. She listened intently, but walked away as uncertain as when the day began.
“I’m still quite torn and can’t commit,” said Ms. Walsh, a 55-year-old high school art teacher. “I like Hillary. I love what Edwards says about poverty. I’m moved by Obama.” |
Not because it’s new, because it’s The New York Times.
From Google News World
17 Greenspan: Ouster Of Hussein Crucial For Oil Security
By Bob Woodward, Washington Post Staff Writer
Monday, September 17, 2007; Page A03
Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been “essential” to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.
Greenspan, who was the country’s top voice on monetary policy at the time Bush decided to go to war in Iraq, has refrained from extensive public comment on it until now, but he made the striking comment in a new memoir out today that “the Iraq War is largely about oil.” In the interview, he clarified that sentence in his 531-page book, saying that while securing global oil supplies was “not the administration’s motive,” he had presented the White House with the case for why removing Hussein was important for the global economy.
“I was not saying that that’s the administration’s motive,” Greenspan said in an interview Saturday, “I’m just saying that if somebody asked me, ‘Are we fortunate in taking out Saddam?’ I would say it was essential.” |
Not because it’s new, because it’s Woodward and the WaPo.
So anyway, that’s all I could find tonight. Hope your day is a happy one. –ek