John McCain Parties Like Its
September 10, 2001
With A Mind To Match
Deals With Iraq Are Set to Bring Oil Giants Back
By ANDREW E. KRAMER
Published: June 19, 2008
BAGHDAD – Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.
Exxon Mobil, Shell, Total and BP – the original partners in the Iraq Petroleum Company – along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields, according to ministry officials, oil company officials and an American diplomat.
Retired teacher detained in China after decrying shoddy construction
Chinese authorities have detained a retired teacher who criticized the shoddy school construction that led to the deaths of thousands of…
By Ching-Ching NiLos Angeles Times
BEIJING – Chinese authorities have detained a retired teacher who criticized the shoddy school construction that led to the deaths of thousands of children in May’s devastating earthquake, a Hong Kong human-rights group said Wednesday.
The Information Center for Human Rights and Democracy said Zeng Hongling, who wrote about official corruption in school construction and post-quake relief efforts, was detained June 9 in Chengdu on charges of “inciting state subversion.”
One of the essays Zeng wrote for the U.S.-based Chinese-language Web site www.observechina.com was titled “Earthquake relief efforts fully reveal the true face of party officials.”
USA
Paulson To Urge New Fed Powers
Bank Would Help Police Wall Street
By Neil Irwin
Washington Post Staff Writer
Thursday, June 19, 2008; Page D01
Treasury Secretary Henry M. Paulson Jr. plans to call today for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms to protect the financial system, adapting his vision of how the financial world should be regulated to reflect the lessons of the collapse of Bear Stearns.“Our nation has come to expect the Federal Reserve to step in to avert events that pose unacceptable systemic risk,” Paulson plans to say in a speech today, according to prepared remarks obtained by The Washington Post. But the central bank “has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system.”