The Fannie and Freddie Black Hole
With the $700 billion TARP to focus on, it can be easy to forget about the massive taxpayer bailout of Fannie Mae and Freddie Mac. Right now, the combined total is at $84.9 billion—more even than AIG. In the next week or two, that number will continue upward when Fannie and Freddie report their second quarter results. Every quarter since their bailout,
UN Report: Spike In Afghans Civilian Casualties
Today, the UN mission in Afghanistan released its mid-year report on civilian casualties. In the first 6 months of 2009, the United Nations Assistance Mission to Afghanistan ( UNAMA) recorded 1,013 civilian deaths compared with 818 for the same period (1St of January to 30TH of June) in 2008. This represent a 24 percent increase […]
Iran: The Reformists Keep The ‘Green Revolution’ Alive
Today, in Tehran, hundreds of Mousavi’s supporters gathered outside Behesh Aahra, the biggest cemetery of Tehran. They came to pay tribute and mourn their fellow protesters killed in the aftermath of the contested election. The gathering comes 40 days after the brutal killing of Neda Agha-Soltan, the young Iranian woman that has become the symbol […]
Afghanistan: Taliban Orders Boycott Of Elections
Today, the Taliban called for a boycott of the August elections, and pledged to keep fighting their ” Holy war to free the country from foreign invaders.” In a statement released to the media today, the Taliban also said that its fighters would block roads on the eve of the elections in order to prevent […]
Microsoft & Yahoo Take On Google
The 10-year agreement between Microsoft & Yahoo was a rumor for sometime, it has become a reality. The search engine Bing, owned by Microsoft, will now power Yahoo. In return, Yahoo will be better placed to compete with Google for a share of the online advertising revenue stream.
