Israel threatens to unleash ‘holocaust’ in Gaza

An Israeli minister gave warning today that the Gaza faces a “holocaust” if Islamist militants there do not end their daily barrages of home-made Qassam rockets, and their increasing use of Iranian-built Grad missiles.”The more Qassam fire intensifies and the rockets reach a longer range, they will bring upon themselves a bigger holocaust because we will use all our might to defend ourselves,” Matan Vilnai, the Deputy Defence Minister said. The use of the term “holocaust”... 

February 29, 2008

Abu Ghraib prison turned soldiers evil by design: researcher

The very design of Abu Ghraib in Iraq turned good soldiers into evil tormentors that humiliated and brutalized prisoners, a famed social psychologist said Thursday.Stanford University professor Philip Zimbardo described a “Lucifer effect” as he flashed shocking images of Abu Ghraib horrors for those at an elite Technology, Entertainment and Design conference in California. “If you give people power without oversight it is a formula for abuse,” Zimbardo said to a stunned audience... 

February 29, 2008

Police reject candidate for being too intelligent

A US man has been rejected in his bid to become a police officer for scoring too high on an intelligence test.Robert Jordan, a 49-year-old college graduate, took an exam to join the New London police, in Connecticut, in 1996 and scored 33 points, the equivalent of an IQ of 125. But New London police interviewed only candidates who scored 20 to 27, on the theory that those who scored too high could get bored with police work and leave soon after undergoing costly training. Mr Jordan launched a federal... 

February 29, 2008

Bush: U.S. is not headed into a recession

WASHINGTON - President Bush said Thursday the economy is not headed for recession - one of several campaign-related issues on which he disputed Democratic members of Congress and their presidential candidates.During a White House news conference, Bush defended free trade, accused the Democrats of favoring “retreat” in Iraq, and criticized Barack Obama’s proposal to meet with leaders of nations critical of the United States. ON DEADLINE: Press conference highlights At the same time,... 

February 29, 2008

Barack Obama’s Israel Bond

n an attempt to squelch rumors that he is pro-Palestinian, or god forbid Muslim, Barack Obama made it clear in the final Democratic Presidential debate on Tuesday that he is anything but. After being prodded by NBC’s Tim Russert on the issue, Obama said he has long been a “stalwart friend of Israel’s,” believing the country to be one of the United States’ “most important allies in the region,” and even going as far as to call the security of Israel “sacrosanct.”The... 

February 29, 2008

Afghanistan mission close to failing - US

After six years of US-led military support and billions of pounds in aid, security in Afghanistan is “deteriorating” and President Hamid Karzai’s government controls less than a third of the country, America’s top intelligence official has admitted.Mike McConnell testified in Washington that Karzai controls about 30% of Afghanistan and the Taliban 10%, and the remainder is under tribal control. The Afghan government angrily denied the US director of national intelligence’s... 

February 29, 2008

Dollar Sinks Ahead of Income Reports

BERLIN (AP) — The dollar struck another record low Friday in Europe as comments from the U.S. Federal reserve chief appeared to instill little confidence.Uncertainty over the U.S. economy continued to drag on the dollar a day after Fed chief Ben Bernanke said the American economy was not “anywhere near” the dangerous situation of the 1970s. The euro’s peak Friday was above the previous all-time high of $1.5229 that it reached on Thursday. In midmorning trading, the euro subsided... 

February 29, 2008

US distances itself from Musharraf

US Diplomat Signals That US Is Distancing Itself From Pakistan’s Musharraf After Elections The United States’ second-ranking diplomat signaled Thursday that the Bush administration is distancing itself from Pakistani President Pervez Musharraf after opposition victories in last week’s elections. Deputy Secretary of State John Negroponte told senators that the United States is supporting Pakistan’s people as they choose their leaders after the parliamentary elections. But he... 

February 29, 2008

Merrill to shut down subprime lending unit-CNBC

NEW YORK, Feb 28 (Reuters) - Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) will wind down its First Franklin subprime mortgage lending unit, responding to continued deterioration in U.S. mortgage markets, business news channel CNBC reported on Thursday.The move could result in the elimination of 400 to 500 jobs, CNBC reported. Merrill Lynch declined comment. Merrill Lynch bought First Franklin from Cleveland-based bank National City Corp (NCC.N: Quote, Profile, Research) in December... 

February 29, 2008

Oil tops $103 a barrel before retreating

Oil prices surpassed $103 a barrel for the first time Friday as persistent weakness in the U.S. dollar and the prospect of lower interest rates attracted fresh money to the oil market.Prices were supported by comments Thursday from Federal Reserve Chairman Ben Bernanke, who said the American economy is not immediately threatened with stagflation, a combination of economic weakness and rising inflation. Investors chose to see the comments as confirmation of their beliefs that the Fed will continue... 

February 29, 2008

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