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Emmy awards 2011: live blog

Follow the Guardian’s live coverage of the Emmy awards 2011 with Matt Wells, Sarah Hughes and Hadley Freeman 7.19pm: We’re playing the compulsory awards ceremony red-carpet drinking game. One for “I love your dress”, two for “my jewels are from Bulgari”. Sobriety will be a struggle tonight, I can tell this already. 7.13pm: Glee star Lea Michelle has arrived on the red carpet, dressed, appropriately, in a red capret. 7.10pm: Sharp questions from the Red Carpet on E! Entertainment. Presenter to Melissa McCarthy : “Do you own anything you wear?” 7.08pm: Sarah Hughes is next to me on the live blog sofa, and here’s her opening take. SH : Growing up in a gambling family awards shows were generally seen as just another forum to bet on so I thought we’d kick off with a quick guide to this year’s runners and riders. In the comedy category Modern Family looks almost certain to win for the second time, Downton Abbey is expected to see off Mildred Pierce in the best miniseries category (aka the compulsory HBO award), while the main drama category looks like a straight fight between Boardwalk Empire and Mad Men. That said I’m always a fan of a risky bet and would be very happy if football drama, Friday Night Lights was finally recognised for four outstanding seasons (we’ll just pretend that season two never happened). As for the rest while I’d love to see awards go to Connie Britton (Friday Night Lights), Amy Poehler (Parks & Recreation), Louis CK (Louie) and either Jon Hamm (Mad Men) or Steve Buscemi (Boardwalk Empire) but the problem with the Emmys is that you never know exactly which way the voters will swing. Thus logic (and the bookies) might say that Jon Hamm is the favourite to win the outstanding actor, drama category but given that this is the event which awarded James Spader over James Gandolfini in 2007 it’s equally possible that Hugh Laurie will get the nod after six years of nominations and no win. As for the rest if I was placing my money where my words are then I’d say that in addition to Laurie, Laura Linney will take best actress, comedy, Julianna Margulies will win best actress, drama and Steve Carell will get the outstanding actor, comedy award as acknowledgement for his time on The Office, even though the season itself was pretty poor. Of course all those predictions will probably be completely incorrect so feel free to mock me all over the internet when I turn out to be wrong. 6.50pm: Lizz Winstead is raring to go already. You can follow her on Twitter if you can’t get enough of her here. She notes there are more black people running for the Republican presidential nomination than up for awards tonight. It’s always exciting to see pretty white folks in Hollywood congratulate themselves for finding so many pretty white people to reward. It makes People Magazine’s job that much easier. But alas again this year, I will be disappointed. I was really hoping now that they have added the category, “Outstanding Reality Show” or “Fame Thirsty Talent Vortex” if you prefer, they would have considered specifics Emmy’s for “Excellence In Defining Women As Shrewish Greed Bots ” and “Best Knocked Up Teen” but sadly I may have to wait another year. At least they will have pretty gowns and won’t have to suffer a tax hike. 6.30pm ET: Can last year’s Emmy’s be topped? Now there’s a phrase you don’t hear about the US TV industry’s annual gong-a-thon very often. In fact, mostly never. But in 2010, after years of shambolic broadcasts, badly briefed presenters, over-runs and idiosyncratic awards choices, the organisers finally got it together . In an article headlined ” Were these the best Emmy’s ever ?” New York magazine described last year’s event as the “least excruciating televised awards show since the 2009 Oscars”. Which is quite something for New York magazine. But it wasn’t just that new shows like Modern Family and Glee finally knocked the tired favourites off the podium. In fact it wasn’t that at all. It was mostly the best Emmy’s ever because of this: – an intro of unparalleled genius topped only by the reaction of Susan Sarandon, who summed up the feelings of the room when she wolf-whistled enthusiastically at Jimmy Fallon, the cast of Glee, Jon Hamm, Tina Fey and Randy Newman, who performed Born to Run in a contagiously full-on show choir style. This year, Glee star Jane Lynch is hosting the show, which is being broadcast in the US on Fox. Can we expect another classic year? It’s a pretty strong nominations field . (Here’s the full list .) Or can we just expect still to be here at midnight? On the live blog sofa for you tonight are Guardian fashion guru Hadley Freeman , TV blogger Sarah Hughes, and me, an Emmys newbie, for live coverage of the show. I know what you’re thinking: what do that lot know about anything. Fortunately we have a real expert on board: co-creator of the Daily Show, Lizz Winstead , is standing by to provide the sharp and snark that is the hallmark of Guardian live blogs. Well, except the ones about the Middle East . Emmys 2011 Television United States Television industry US television US television industry Matt Wells Hadley Freeman Sarah Hughes guardian.co.uk

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The future of Greece rests on a phone call

‘Make-or-break’ conversation between finance minister, EU and IMF will determine next measures to prevent default Europe’s debt crisis intensified last night as Greece ‘s embattled government said the country’s financial future would rest on a make-or-break conference call with EU and IMF officials on Monday. Signalling that the 20-month saga had reached crunch point, Athens’ finance minister prepared the austerity-weary nation for further belt-tightening, saying the time had come for “decisive” action to avoid a Greek default. “There is great volatility in the markets,” Evangelos Venizelos said after emerging from crisis cabinet talks. “If we want to avoid default, to stabilise the situation, to remain in the eurozone … we must take big strategic decisions. “Measures must be specified,” he added, referring to reforms outlined in a contentious budget plan passed in July. “After tomorrow’s talks with the troika [of representatives from the EU, ECB and IMF] we will spell out the measures.” With the threat of bankruptcy looming, Greece was told in no uncertain terms over the weekend that a critical ¤8bn rescue loan would not be released next month unless it proved that it had bitten the bullet with reforms. The funds would be the sixth instalment of cash Athens has received since being bailed out to the tune of €110bn in May 2010. But reading the riot act to Greece as never before, EU finance ministers meeting in Poland insisted that without “concrete facts and figures” to show that Athens was intent on bringing its budget deficit in line, the aid would not be forthcoming. Without the cash injection, the ruling socialists will be unable to cover state wages and pensions in October. “The atmosphere was far from diplomatic,” said one Greek insider. “They don’t seem to have faith in us. The choice is clear. Either we go down or show real determination, not words but deeds.” For George Papandreou’s administration, that determination is likely to mean a massive reduction of the bloated civil service – previously unthinkable in a nation reared on the notion of jobs for life – on top of austerity measures that have seen pensions and wages decline dramatically. The authoritative Sunday Vima , citing an internal government email, said the country’s international creditors had not only demanded that 100,000 public sector workers be laid off by 2015 but also that the pensions of farmers, sailors and employees with the telecommunication organisation OTE be cut immediately. Around 50,000 state employees would have to be placed on reduced pay in a special labour reserve immediately. With the atmosphere becoming ever more explosive, such measures would almost certainly exacerbate social unrest. “Everyone wants a smaller state,” said Venizelos. “The 2012 budget is now being put together. And the central direction for 2012 is to reduce expenditures.” Although senior ministers have conceded that widespread resistance has slowed reforms – not least the privatisation of state assets and deregulation of professions – the government has argued that a worse than expected recession has also slowed the pace of change. Venizelos recently said the Greek economy would contract for a fourth consecutive year in 2012, partly because of the tough cuts. The budget deficit, originally expected to be around 7.4% of GDP by year’s end, is now projected to be nearer 10%. In an effort to meet a shortfall that is ¤2bn and rising, the government unveiled a surprise property tax last week, but with the backlash immediate and likely to grow, EU ministers indicated that they did not have “great faith” in the measure. The lack of political consensus over the austerity measures has further eroded Greece’s credibility. The main conservative opposition leader, Antonis Samaras, is calling for snap elections and for the loan conditions to be renegotiated. “Our problem is to ensure that we get the sixth payment and each future payment with the best possible terms as we can’t keep having a repeat of the same scenario [before the disbursement of each loan],” Venizelos said in Poland. “The situation is serious in the sense that we need to take serious, definitive and complete decisions.” Papandreou highlighted the sense of urgency by cancelling a trip to the US, where he was to address the UN and meet the IMF managing director, Christine Lagarde. Greece Global recession IMF Euro Global economy Economics European Union Europe Helena Smith guardian.co.uk

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The future of Greece rests on a phone call

‘Make-or-break’ conversation between finance minister, EU and IMF will determine next measures to prevent default Europe’s debt crisis intensified last night as Greece ‘s embattled government said the country’s financial future would rest on a make-or-break conference call with EU and IMF officials on Monday. Signalling that the 20-month saga had reached crunch point, Athens’ finance minister prepared the austerity-weary nation for further belt-tightening, saying the time had come for “decisive” action to avoid a Greek default. “There is great volatility in the markets,” Evangelos Venizelos said after emerging from crisis cabinet talks. “If we want to avoid default, to stabilise the situation, to remain in the eurozone … we must take big strategic decisions. “Measures must be specified,” he added, referring to reforms outlined in a contentious budget plan passed in July. “After tomorrow’s talks with the troika [of representatives from the EU, ECB and IMF] we will spell out the measures.” With the threat of bankruptcy looming, Greece was told in no uncertain terms over the weekend that a critical ¤8bn rescue loan would not be released next month unless it proved that it had bitten the bullet with reforms. The funds would be the sixth instalment of cash Athens has received since being bailed out to the tune of €110bn in May 2010. But reading the riot act to Greece as never before, EU finance ministers meeting in Poland insisted that without “concrete facts and figures” to show that Athens was intent on bringing its budget deficit in line, the aid would not be forthcoming. Without the cash injection, the ruling socialists will be unable to cover state wages and pensions in October. “The atmosphere was far from diplomatic,” said one Greek insider. “They don’t seem to have faith in us. The choice is clear. Either we go down or show real determination, not words but deeds.” For George Papandreou’s administration, that determination is likely to mean a massive reduction of the bloated civil service – previously unthinkable in a nation reared on the notion of jobs for life – on top of austerity measures that have seen pensions and wages decline dramatically. The authoritative Sunday Vima , citing an internal government email, said the country’s international creditors had not only demanded that 100,000 public sector workers be laid off by 2015 but also that the pensions of farmers, sailors and employees with the telecommunication organisation OTE be cut immediately. Around 50,000 state employees would have to be placed on reduced pay in a special labour reserve immediately. With the atmosphere becoming ever more explosive, such measures would almost certainly exacerbate social unrest. “Everyone wants a smaller state,” said Venizelos. “The 2012 budget is now being put together. And the central direction for 2012 is to reduce expenditures.” Although senior ministers have conceded that widespread resistance has slowed reforms – not least the privatisation of state assets and deregulation of professions – the government has argued that a worse than expected recession has also slowed the pace of change. Venizelos recently said the Greek economy would contract for a fourth consecutive year in 2012, partly because of the tough cuts. The budget deficit, originally expected to be around 7.4% of GDP by year’s end, is now projected to be nearer 10%. In an effort to meet a shortfall that is ¤2bn and rising, the government unveiled a surprise property tax last week, but with the backlash immediate and likely to grow, EU ministers indicated that they did not have “great faith” in the measure. The lack of political consensus over the austerity measures has further eroded Greece’s credibility. The main conservative opposition leader, Antonis Samaras, is calling for snap elections and for the loan conditions to be renegotiated. “Our problem is to ensure that we get the sixth payment and each future payment with the best possible terms as we can’t keep having a repeat of the same scenario [before the disbursement of each loan],” Venizelos said in Poland. “The situation is serious in the sense that we need to take serious, definitive and complete decisions.” Papandreou highlighted the sense of urgency by cancelling a trip to the US, where he was to address the UN and meet the IMF managing director, Christine Lagarde. Greece Global recession IMF Euro Global economy Economics European Union Europe Helena Smith guardian.co.uk

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UBS has revised the $2 billion loss it suffered at the hands of a rogue trader this week, and not in a good way: The actual damage was $2.3 billion, reports the BBC . The grim news comes amid increased scrutiny of the banking giant, after reports that its internal…

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The American Academy of Pediatrics last month came close to recommending a ban on boxing for children and teenagers altogether, putting the sport at risk like never before. But ending boxing would be a shame, writes Gordon Marino in the Wall Streeet Journal , who believes the payoffs of pugilism are…

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The so-called Buffett Rule, President Obama’s pending plan to raise taxes on the rich named for Warren Buffett, found an outspoken critic in Paul Ryan today, Politico reports. “Class warfare might make for good politics, but it makes for bad economics,” the House Budget Committee chairman tells Fox News Sunday,…

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Imran Khan: ‘America is destroying Pakistan. We’re using our army to kill our own people with their money’

The Pakistani cricketing legend and politician talks about his country’s damaging relationship with the US, how aid and corruption are further ruining it – and how he is sure he will be its next president When Barack Obama announced in May that American commandos had killed Osama bin Laden in Abbottabad, Imran Khan was furious. “The whole of Pakistan felt this way. Wherever I went I felt this humiliation and anger in people. It was humiliating because an American president announces it, not our president. And because it was the American military, not our military, which this country has given great sacrifices to nurture, that killed him.” Khan stirs his cappuccino angrily. “Most humiliating of all was that the CIA chief Panetta says that the Pakistan government was either incompetent or complicit . Complicit!” But surely Leon Panetta had a point, didn’t he? The world’s most wanted man was living a mile from Pakistan’s military academy, not in some obscure cave. “They’re talking about a country in which 35,000 people have died during a war that had nothing to do with us. Ours is perhaps the only country in history that keeps getting bombed, through drone attacks, by our ally.” Khan’s rage is directed not chiefly at Obama’s administration but at successive Pakistani governments for entrapping his homeland in a dismal cycle of immiseration and mass deaths for the past eight years by supporting the war on terror in return for billions of dollars of financial aid. The manner of Bin Laden’s killing and the national shame of its aftermath typify for Khan how Pakistan has never properly learned to stand on its own two feet. He calls it an era of neocolonialism in which Pakistan’s people seem destined to suffer as much as, if not more than, they did during British colonial rule. “According to the government economic survey in Pakistan, $70bn has been lost to the economy because of this war. Total aid has been barely $20bn. Aid has gone to the ruling elite, while the people have lost $70bn. We have lost 35,000 lives and as many maimed – and then to be said to be complicit. The shame of it!” Arguably Khan is benefiting from that anger. The legendary cricketer turned politician hopes – even expects – to become Pakistan’s next prime minister. “Every poll has shown the gap widening between us and other parties.” He is modest about his impact on the polls: “It’s not what I have done, it’s that they have got discredited. These are the best of times and the worst of times. The best of it is that people are hungry for a change.” I sip the tea that his ex-wife, Jemima Khan née Goldsmith, has just handed me. We’re sitting on huge sofas in the vast living room-cum-kitchen of her opulent west London home. He’s here to see his two sons, Sulaiman Isa, 14, and Kasim 12, who live with their mother, when they return from school. Later this evening he will fly home to Islamabad. Jemima retreats upstairs so that her ex and I can analyse what went wrong with his country – and the couple’s marriage. Understandably, Khan would rather talk about the former. He recalls his greatest cricketing achievement as Pakistani team captain, winning the 1992 World Cup . Perhaps the 2012 Pakistani election will eclipse that triumph. “I played five World Cups and it was only in the last World Cup before we won [in 1992] that I said: ‘Put money on us.’ Now I’m saying my party will win. I’m throwing everyone a challenge that nothing can stop this party. Nothing.” Perhaps. But Pakistani politics, to hear Khan talk, isn’t cricket. “To have a senior post in the government, you have to have a criminal record.” I laugh. Surely not? He names ministers who have. This was one consequence of ex-president Pervez Musharraf’s 2007 National Conciliation Ordinance that gave amnesties to many politicians (including former Pakistani prime minister Benazir Bhutto, who returned to Pakistan as a result and was shortly afterwards assassinated). “He did the greatest disservice to us by that ordinance. And guess what – it was brokered by the Bush administration. “My country can barely stoop any lower. All you need to do with a senior politician today is look at his assets before he came into politics and look at them after and you know why they’re there. My party is made up of people who don’t need politics. You need people who don’t need politics to make money.” But surely that implies government by gentry, by people who are independently wealthy? “Or people who are not necessarily wealthy but who are in a profession and are doing quite well out of it outside politics. Career politicians have destroyed our country.” I take a sidelong glance at Imran Khan. He’s a young, fit-looking 58, dressed in western playboy uniform (jeans, sports jacket, big-collared open-neck shirt), but with an imposingly stern face that he may have inherited from the Pashtun ancestors on his mother’s side of the family. He claims to be shy and introverted, but to me he conveys the enviably easy assuredness typical of English public schoolboys. Indeed, Khan is steeped in that ethos: he was educated at Aitchison College in Lahore, a so-called English-medium school, before being sent to England to study at the Royal Grammar School, Worcester, and then read philosophy, politics and economics at Oxford. Ironically, one of his party’s policies is that elite schools such as Aitchison should be abolished for being inegalitarian. If this cricketing legend did become Pakistan’s prime minister, it would involve a remarkable turn around in fortunes. In his early test-cricketing days, he was called Imran Khan’t – and that nickname applied too to his political career. Ever since he established his political party Tehreek-e-Insaf (Movement for Justice) in 1996, Khan has fared abysmally. Even the Guardian’s Declan Walsh described him in 2005 as making a ” miserable politician . Khan’s ideas and affiliations since entering politics in 1996 have swerved and skidded like a rickshaw in a rain shower.” Khan may have been a brilliant cricketer who for 21 years until retirement in 1992 made Pakistan a leading force in the international game. He may have once been renowned as a soigné habitué of toff nightclubs such as Annabel’s and Tramp in the 1980s, and as the playboy who romanced debutantes Susannah Constantine, Lady Liza Campbell and the artist Emma Sergeant. But is he really the man to lead Pakistan from what he calls “the the edge of collapse”? He, at least, thinks so. “The old parties are all petrified of me now. They all want to make alliances with me and I say: ‘No, I’m going to fight all of you together because you’re all the same.’” Excellent. But how does he propose to effect what he calls a soft revolution in Pakistan? “Oh hawk,” he replies unexpectedly, “death is better than that livelihood that stops you ascending.” He is quoting a verse from his favourite poet and philosopher, Allama Muhammad Iqbal , who died in 1938 and so missed both Pakistan’s birth, its rule by dicators and corrupt dynasties, and its current ignominy. How do Iqbal’s words apply to modern Pakistan? “I take them to mean anything that comes with strings attached damages your self-esteem and self-respect – you’d better die than take it,” says Khan. “A country that relies on aid? Death is better than that. It stops you from achieving your potential, just as colonialism did. Aid is humiliating. Every country I know that has had IMF or World Bank programmes has only impoverished the poor and enriched the rich.” And American aid, he argues, has had a calamitous effect on his homeland. What Khan is planning politically echoes what he did in cricket. “Colonialism deprives you of your self-esteem and to get it back you have to fight to redress the balance,” he says. “I know for myself and my contemporaries Viv Richards [the great West Indies batsman] and Sunil Gavaskar [the no-less-great Indian batsman] beating the English at cricket was a means of doing that. We wanted to assert our equality on the cricket field against our colonial masters.” Isn’t cutting foreign aid a perilous policy for a bankrupt economy? “But it doesn’t matter,” retorts Khan. “We will cut down expenditure, tax the rich and fight corruption. The reason we’re bankrupt is because of corruption. Asif Ali Zardari [Pakistan's current president] puts his cronies on top and they literally siphon off money.” He argues that if Pakistan’s two greatest problems, corruption and tax evasion, can be solved, then the country will become solvent. “We have the lowest tax-GDP ratio in the world: 9%. If we get it to 18%, which is India, we’re solvent.” Not only does Khan believe he can tax the rich but also that exploiting Pakistan’s huge mineral reserves will help the country escape its current mess. “A country that has no power is sitting on the biggest coal reserves in the world!” Tehreek-e-Insaaf’s other key policy is withdrawing from the war on terror. Why? “The war on terror is the most insane and immoral war of all time. The Americans are doing what they did in Vietnam, bombing villages. But how can a civilised nation do this? How can you can eliminate suspects, their wives, their children, their families, their neighbours? How can you justify this? “When I came here at 18 I learned about western rule of law and human rights, innocent until proven guilty. The Americans are violating all of this.” Khan wrote an open letter to Obama arguing that the war was unwinnable. “I said you do not have to own Bush’s war – you can’t win it anyway. It’s creating radicals. The more you kill, the more you create extremism.” Why can’t the war be won? “The Soviets killed more than a million people in Afghanistan. They were fighting more at the end than the beginning. So clearly a population of 15 million could take a million dead and still keep fighting. They [the Americans] are going to have to kill a lot of people to make any impact and they also have in Zardari an impotent puppet as Pakistani president who has not delivered anything to the Americans. “The Americans also don’t realise that this whole Arab spring was against puppets or dictators. People want democracy. So this whole idea of planting your own man there, a dictator – neocolonialism is what it’s called – is not going to work any more. “The aid to our puppet government from the US is destroying our country. We’re basically using our army to kill our own people with American money. We have to separate from the US.” Khan knows what it is to be attacked from both sides. “I’ve been called Taliban Khan for supporting the tribal Pashtuns and I’ve been called part of a Jewish conspiracy to take over Pakistan. I am of course neither.” The latter allegation came when Khan married Jemima Goldsmith in 1995. In a chapter on his marriage in his excellent new book Pakistan: A Personal History, he recalls that, when he left for England aged 18, his mother’s last words were: “Don’t bring back an English wife.” But after his mother’s death, Khan did that, even though the British press wailed that Jemima would not be allowed to drive in Pakistan and that she would have to be veiled from head to toe; even though the Pakistani media portrayed the marriage as a Zionist plot to take over Pakistan. No matter, as Khan writes, that his wife wasn’t actually Jewish (her paternal grandfather was Jewish), but had been baptised and confirmed as a Protestant. No matter that she converted to Islam and set about learning Urdu on her arrival in Pakistan. The smears got worse a year after their marriage when Khan launched his political career. “Cross-cultural marriage is difficult, especially when one person has to live in another country. But I thought there was a very good chance of it working because people grow together if they have a common passion. But from the moment my opponents attacked her in the first election in terms of a Zionist conspiracy we had to then take her away from politics. That meant we were doing different things. We couldn’t share our passions.” Jemima returned to England, ostensibly for a year to do a masters in modern trends in Islam, taking her sons with her. She never returned, the couple divorced in 2004 and she is now associate editor of the Independent and editor-at-large for Vanity Fair. They remain on friendly terms. “It was very painful that it didn’t work out but that bitterness and anger that comes when a marriage breaks down through infidelity was not there. We were completely faithful to each other.” There was no way he could have moved to London? “London is like a second home, but never could I imagine living away from Pakistan.” It must be tough with his sons living half a world away most of the year. “Very tough. Nothing gave me more happiness than fatherhood. And here’s someone who had great highs in his life. The biggest void in my life is not being close to my children all the time, but mercifully, thanks to my relationship with Jemima, I see them a great deal.” One way of looking at his failed marriage, then, is that it could not survive the bearpit of Pakistani politics. How could he continue in that grim game given the high cost it extorted from you? “Ever since my mother died in great pain from cancer, I have had a social conscience that can only express itself in getting involved in politics. As long as I played cricket there was hardly any social conscience. It came because of my mother and how she was treated.” It also came after a spiritual awakening and renewed Islamic faith, in which Iqbal’s writings played an important role. “The No1 thing that struck me about your country when I came here was your welfare state, which I’m sad to say they are dismantling – a big mistake. I thought: ‘What a civilised society.’ When my mother was treated here we were paying for her and there was a national health patient next to her – equal treatment. We didn’t have that in Pakistan.” After his mother’s death he founded the Shaukat Khanum Memorial Cancer Hospital and Research Centre in Lahore in her name. “My hospital is the only one in Pakistan where doctors are not allowed to know which patients are paying and which are free. Equal treatment for rich and poor is essential.” But the hospital was only possible because of donations that he raised from the streets of Pakistan’s cities. “We needed $4m for the hospital and we had run out of steam so someone suggested we just go out into the streets. I ended up covering 29 cities in six weeks and I just went into the street with a big collecting sack. Only in Pakistan would this happen.” But that Pakistani generosity, he realises, articulates an important principle of Islam, of doing good deeds to get to heaven. In the book he writes that he asked why poor people would give such high proportions of their income to a cancer hospital not even in their own town. “It was always the same reply, ‘I am not doing you a favour. I am doing it to invest in my Hereafter.’” That geneoristy proved a catalyst for Khan’s political career, he writes: “I started thinking that these people were capable of great sacrifice. Could these people not be mobilised to fight to save our ever-deteriorating country?” He may have a sentimental vision of poor Pakistanis but Khan has no doubt: they will revolutionise Pakistan, led by him. Just before I leave him to his children, he tells me that the nadir for Pakistan came last year when Angelina Jolie visited Pakistan’s flood-hit area . “It’s so shameful. The prime minister gave her a reception in his palace and she commented on its opulence. The prime minister gets his family in a private jet to see her, the family give her expensive presents and yet there are people dying in these flood-affected areas. They were living like Mughal emperors in splendour and our people were dying. It took a Hollywood star to point this out. Our politics can never be so shameful again.” That remains to be seen. Pakistan US foreign policy United States Stuart Jeffries guardian.co.uk

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Vince Cable calls time on excessive boardroom pay and bonuses

Business secretary champions ‘responsible capitalism’ model, forcing companies to justify pay policies in their annual reports Vince Cable will set out plans on Monday to give workers and company shareholders rights to call time on spiralling boardroom pay as part of a Liberal Democrat-led drive to champion “responsible capitalism” and retain wavering public support for the coalition’s austerity measures. The business secretary will also announce that all directors of firms listed on the London Stock Exchange will be required to set out in a comprehensible form the total value of their salary, pensions, share schemes and bonuses. Remuneration committees will also be forced to explain in annual company reports why they have paid bonuses that are not justified by performance, or are out of line with their pay policy. Cable will argue that for Britain to be “turned around” requires giving people a sense of a shared society. That means, he will say, “reducing our appalling inequalities of income and wealth, and creating a responsible capitalism. I want a real sense of solidarity, which means a narrowing of inequalities.” Cable’s political authority suffered after his leaked attack on Rupert Murdoch, the News Corp chairman, last year but as the Murdoch empire has waned, his own standing has been restored, emboldening him to push his distinctive social democratic agenda on banking, Keynesian growth and pay inequalities. Monday’s proposals are likely to delight Lib Dem delegates, who on the first full day of debate supported a promise by the party president, Tim Farron, that divorce from the Conservatives was inevitable within three to four years. A succession of senior figures also vowed they would not countenance an end to the 50p tax rate on those earning £150,000 or more unless the lost revenue was recovered by some form of wealth tax. Farron described abolition of the 50p rate as “morally repugnant” and “economically witless”. Cable’s plans to name and shame “greedy” directors will be complemented by plans for shareholders to be given a legal binding right to block excessive pay. Currently, remuneration committees can ignore shareholder votes, but Cable will need to overcome technical issues set out in a discussion document to be published today before making them binding. He will also suggest diversifying membership of remuneration committees to include employees, possibly union members, saying the current disconnection between pay and long-term performance shows “something dysfunctional about the market in executive pay and long-term performance, or a failure in corporate governance arrangements”. He is not proposing to set caps on pay or the ratio between highest and lowest paid workers. He will say: “People accept capitalism, but they want responsible capitalism. I want to call time on payouts for failure.” Cable will also hint at the private pressure his senior colleagues are putting on the Treasury to find new ways to stimulate ailing demand by finding cash that could be used for “shovel-ready” capital projects such as road building. At the last coalition cabinet meeting Lib Dems suggested the next tranche of current British debt could be issued for very long-term repayment, possibly as long as 25 to 50 years. They believe the markets would be keen to take up the offer, owing to the safe haven argument made by the chancellor, George Osborne. Such long repayment terms would better immunise the government against retribution from the bond markets if the coalition decided to slow its deficit reduction programme. The proposal, used by the government in the 1930s, was suggested by the UK Debt Management Office in the summer and is being discussed with the Treasury. Index linked gilts of this maturity are rare. Cable is exploring every avenue within the broad parameters of the coalition’s deficit programme to address what is being seen as an alarming demand slow down worsened by the crisis inside the euro-zone. He will broadly defend the deficit reduction programme, saying that “financial discipline is not ideological; it is a necessary precondition for effective government of left or right”. In remarks that are different in tone from those of Osborne he will refer to the government’s ability to stimulate growth: “The big economic policy question is how to progress from financial stability to growth.” Liberal Democrat conference 2011 Vince Cable Liberal Democrats Liberal Democrat conference Liberal-Conservative coalition Economic policy Tax and spending George Osborne Conservatives Executive pay and bonuses Pay Patrick Wintour Allegra Stratton guardian.co.uk

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Officials say a strong earthquake has hit northeastern India near the border with Nepal. There were no immediate reports of damage or injuries. Indian seismology official RS Dattatreyan says the quake struck today and had a preliminary magnitude of 6.8. It was centered near Nepal in India’s northeastern state…

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After more than two years in an Iranian prison, Josh Fattal and Shane Bauer’s imminent bid for freedom has been put on hold—by, of all things, a vacationing judge, reports the AP. Attorney Masoud Shafiei says the $1 million bail deal that would free the American hikers is on…

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