Iran: Ayatollah Montazeri Clashes With Ayatollah Khamenei
This is a very significant turn of events considering that Grand Ayatollah Montazeri (see photo) is not just any Ayatollah. He was once considered as a likely successor of late Ayatollah Khomeini, the founder of the Islamic Republic, to become Iran’s Supreme Leader.
Sarkozy Calls For International Cap On Banking Bonuses
Ahead of next month’s G20 summit, French President Sarkozy said today that he will push for limits on bonuses for bank traders, in the context of his overall international campaign for greater regulation of the global finance.
Iraq: Political Reshuffle Ahead Of January’s Elections
A group of Shiite parties announced the formation of a new coalition. It includes the Iranian supported Supreme Iraqi Islamic Council, the biggest Shiite party in Iraq, and Al-Sadr. Cleric Al-Sadr is known for his fierce opposition to the US occupation, and he leads the Mahdi army militia. Al-Sadr is rumored to be currently in […]
President Obama Keeps Ben Bernanke As Fed Chairman For 2ND Term
Today, President Obama is expected to announce, from Martha’s Vineyard before the market opens at 9:00 AM, that he will keep Ben Bernanke as Federal Reserve Chairman. Bernanke was nominated at the Federal Reserve in 2005 by George W. Bush to replace Alan Greenspan after Greenspan’s 18 years tenure. Bernanke enjoys a fairly broad support […]
CIA Torture: AG Holder Nominates John Durham As Prosecutor
After the release of a CIA torture report today, AG Holder made the announcement that the DOJ will appoint a special prosecutor to investigate if federal laws were violated in connection of detainees in US custody overseas under the Bush administration.
