from Crikey .....

Rundle: So the businessman's worth saving -- but not the bogan?

Guy Rundle writes:

from Crikey .....

Vanstone and Gus the Weimaraner invite Rudd to a sleep over

Barry Everingham writes:

With the imminent arrival of Kevin Rudd to Rome, Crikey understands that current Ambassador to Italy Amanda Vanstone actually invited the Prime Minister to stay at the Embassy with her (and Gus the dog of course). This in itself isn't unusual. Ambassadors of the day who happen to be mates with the Prime Minister could certainly count on their friend sleeping over -- but in this case it's not going to happen.

British weapons inspector Dr. David Kelly was writing an expose about his work with anthrax and his warnings that Iraq possessed no weapons of mass destruction at the time of his death in July 2003, according to a report published in a British newspaper.

The Commodity Futures Trading Commission on Tuesday will announce that it'll begin publishing how much hedge funds and other big financial firms are trading in oil and other commodities, with an eye toward curbing what critics say is speculation that pushes prices up.

The CFTC currently publishes weekly data that lumps some of the big financial firms' transactions in with those done by so-called commercial users, airlines, refiners and others who actually use the oil. Critics argue that leaves regulators and the public unaware of how much oil prices are being influenced by speculation.

Presidents Barack Obama and Dmitry Medvedev announced substantial progress in crucial nuclear arms talks and on military cooperation after their much-anticipated first summit in the Kremlin on Monday.

Negotiators on both sides reached a framework agreement on replacing the Strategic Arms Reduction Treaty, which expires Dec. 5, with a deal that will cut their arsenals to the lowest level of any U.S.-Russia arms control agreement, both presidents told reporters after more than three hours of talks Monday afternoon.

The statement of Nicholas Sarcozy that Burqa is not welcome in France, that it is a symbol of oppression and not of religion has raised serious debate all over. It is France again where five years ago the display of religious markers, head scarf, Sikh turban, and Jewish skull cap in schools was banned. Public servants cannot use the same in place of work.

Unmanned weapons are condemned by Lord Bingham as 'beyond the pale'

The use of unmanned drones as weapons of war in conflicts around the world has been called into question by one of Britain's most senior judges. Lord Bingham, until last year the senior law lord, said that some weapons were so "cruel as to be beyond the pale of human tolerance".

from Crikey .....

How banks and advisors raided retirees' nest eggs during GFC

Glenn Dyer writes:

Australia's banks, fund managers, investment banks and other "advisors" appear to have staged a massive legal raid on the nest eggs of investors and retirees over the past year, extracting billions of dollars from companies and their small shareholders through a deluge of discounted placements and quasi-rights issues.

Comedian Al Franken has been declared the winner of Minnesota's junior seat in the Senate.

The Democratic upstart and alleged funnyman was running against Norm Coleman, the Republican incumbent. The result was so close it set off a legal squabble that will no doubt ensure new cars for untold legions of Minnesota lawyers.

The issue eventually came down to thousands of absentee ballots. In the end, justices of the state's Supreme Court ruled for Franken. He squeaked in by a razor-thin margin, 312 votes out of the nearly 2.9 million cast and is expected to be sworn in next week.

US Vice-President Joe Biden has hinted the administration will not restrain Israel if it decides on military action to remove any Iranian nuclear threat.

Mr Biden told ABC television the US could not "dictate to another sovereign nation what they can and cannot do".

Mr Biden also said President Obama's offer of dialogue with Iran remained.
Mr Obama has given Iran until the end of the year to talk about its nuclear programme, which Iran insists is for energy purposes only.

Western countries are concerned Tehran is working to acquire a nuclear weapons capability.

Acclaimed historian Howard Zinn told Truthout: "The Mexican War, presented as something we were doing because Mexicans had fired on our soldiers ... no, we were going to Mexico because we wanted to take forty percent of Mexican land. California, Arizona, Nevada ... all of that beautiful land in the Southwest that was all Mexico. I'll bet there are very few Americans today who live in that area and know that it belonged to Mexico. Or they may ask, how come all these names? How come Santa Barbara, Santa Rosa, Santa Ana, how come?"

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Saddam Hussein left open the possibility that he had weapons of mass destruction rather than appear vulnerable to neighbouring Iran, according to declassified FBI documents.

The FBI reports, released on Wednesday (local time) are based on interrogations of the former Iraqi leader.

As Americans celebrate July 4th, they can contemplate that the union of "free and independent states," like the former British colonial power, has evolved into its final manifestation--a complete whore house. While Members of Parliament in London charge their expense accounts with every personal expenditure, including the rental of adult xxx-rated films, an American newspaper put the reporting of public policy out to bids until politico.com blew the whistle.

The Vatican is quietly conducting two sweeping investigations of American nuns, a development that has startled and dismayed nuns who fear they are the targets of a doctrinal inquisition.