British Prime Minister David Cameron and French President Nicolas Sarkozy arrived in Libya today to discuss aid to help the transition to democracy, becoming the first heads of government to visit Tripoli since Moammar Gadhafi fled. British officials say they will meet with the country’s new leaders in the capital.
Continue reading …British PM and French president receive enthusiastic welcome in Tripoli less than a month after Gaddafi was toppled David Cameron and Nicolas Sarkozy flew into Libya on Thursday and warned Syria and other regimes across the Middle East and north Africa that “the Arab spring could become an Arab summer”. In a measure of how quickly order has been restored in Tripoli, the prime minister and the French president touched down in the capital less than a month after Muammar Gaddafi was toppled amid heavy fighting. The pair were given an enthusiastic welcome at a hospital – the kind of reception the two could only dream about in their own countries – and a calmer, but no less warm, greeting by Libya’s interim rulers. Although anxious to avoid perceptions of a victory lap given the ongoing fighting and the failure to capture Gaddafi, Cameron and Sarkozy cited the Libyan experience as a beacon for the region. “This does go beyond Libya,” Cameron told a press conference at the Corinthia hotel. “This is a moment when the Arab spring could become an Arab summer and we see democracy advance in other countries too. “I believe you have the opportunity to give an example to others about what taking back your country can mean.” Sarkozy used the moment to turn the spotlight on Syria, where an uprising has so far been brutally repressed and foreign support has been less forthcoming. “As I flew over Tripoli today, I thought about the hope that one day young Syrians will be given the opportunity that young Libyans have now been given,” he said. “Perhaps the best thing I can do is dedicate our visit to Tripoli to those who hope that Syria can one day also be a free country.” Apache helicopters flew over the Mediterranean and parts of Tripoli were in security lockdown for the surprise visit – the first by western leaders since the capital fell to rebel forces. Sarkozy, who said he was “deeply moved” by the welcome, was accompanied by dozens of French riot police. The leaders, along with the foreign secretary, William Hague, visited a hospital in the heart of Tripoli. There was chaos as security men had to force a way through and the politicians were mobbed by ecstatic Libyans eager to thank them and shake their hands, chanting: “Thank you, thank you,” and “Libya is free, Gaddafi go away.” On the orthopaedic ward, Cameron and Sarkozy spoke to rebel fighters and Libyans injured in the battle for Tripoli, as well as to patients recovering from torture in Gaddafi’s prison cells. The leaders were careful not to sound triumphalist over Nato’s controversial intervention, emphasising that the mission to protect civilians would go on so long as the fighting continued in the regime’s last strongholds. Cameron had a blunt message for Gaddafi and his supporters. “It is over. Give up. The mercenaries should go home. Those who still think Gaddafi has any part in any arm of government in any part of this country should forget it. He doesn’t,” he said. “It is time for him to give himself up. It is time for the Libyan people to get the justice they deserve by seeing him face justice, and we’ll go on helping the National Transitional Council [NTC] to make sure that happens, and this country can move on – it shows every sign of wanting to move on.” But he warned: “I would accept that the hardest work is still to come, of making sure that everyone has a future in this country, getting it back on its feet. These will be difficult times but, so far, what I think we have seen from the National Transitional Council , what we are seeing here in Tripoli, is a remarkable and impressive recovery from a very difficult situation.” Cameron said he did not know where Gaddafi and his family were, but added: “There are still parts of Libya under Gaddafi’s control, Gaddafi is still at large, and we must make sure this work is completed. “We must keep on with the Nato mission until civilians are all protected and this work is finished. We will help you to find Gaddafi and to bring him to justice, and we want to help you to take the dangerous weapons out of Libya.” Amid the metaphorical back-slapping, there have been questions over whether France and Britain will expect payback from Libya’s new leaders when they award lucrative contracts. Sarkozy insisted no promises had been given or sought. “This is a very important issue and I want things to be very clear to all the Arab world,” he said. “What we did was for humanitarian reasons. There was no hidden agenda.” But Mustafa Abdul Jalil, the chairman of the NTC, sharing the platform, was less clear cut. While agreeing there were no previous agreements with the NTC’s “allies and friends”, he added: “But as a faithful Muslim people, we will appreciate these efforts and they will have priority within a framework of transparency.” He also said existing contracts signed with the Gaddafi government would be reviewed. “The previous contracts, we have respected them … all legitimate contracts. “This means review of these contracts for whatever financial corruption may have tainted them. As a member of the previous government, I know well that these prices were above those used globally.” Cameron praised the NTC, saying it had been “consistently underrated and underestimated” as he expressed optimism for Libya’s future. He said: “This is your revolution, not our revolution.” Britain announced measures to help with mine clearance and the decommissioning of weapons as part of a post-conflict package of assistance. Cameron also set out a new scheme – funded by Tripoli – to treat some of the most badly injured Libyans in UK hospitals using expert surgery techniques. He said he hoped the first to benefit would be Abdul Ahmed, the Libyan boy who was wounded by a grenade left in his school and whose plight has been featured on British television. Britain and France would also press for a fresh UN security council resolution on Friday to unfreeze all Libyan assets, the prime minister said. He used the visit to announce the planned delivery of the latest tranche of around £610m of assets that were frozen in the UK. Libya Middle East Africa Syria Nicolas Sarkozy Muammar Gaddafi David Cameron Foreign policy Arab and Middle East unrest David Smith guardian.co.uk
Continue reading …American high school students turned out the worst SAT reading scores on record last school year, while math and writing scores also dropped slightly compared to the previous year. The class of 2011′s combined average score was 1500, six points below last year’s. But both the College Board and Education Secretary Arne Duncan are taking
Continue reading …Louie Gohmert and President Obama plans to get Americans back to work have the same name—the American Jobs Act of 2011—but that’s where the similarities end. Rep. Gohmert, a Republican from Texas, introduced legislation to the House yesterday that would reduce the corporate tax rate from 35% to…
Continue reading …Joe McGinniss has been writing about presidential politics since 1968, but his new book on Sarah Palin, The Rogue , is “dated, petty and easily available to anyone with Internet access,” writes Janet Maslin in the New York Times . With allegations of cocaine use and sex with basketball stars , The Rogue…
Continue reading …Investigators accuse Bill Lowther of paying for son of Vietnamese bank governor to attend Durham University Anti-bribery investigators are prosecuting a British businessman for allegedly conspiring to corruptly pay for the son of a top-ranking foreign official to be educated at Durham University in a clandestine deal to land a profitable contract. The Serious Fraud Office has charged 71-year-old Cumbrian businessman Bill Lowther as part of a growing bribery investigation that has already seen a string of prosecutions, arrests and raids across three continents over suspected multi-million pound payments spanning a decade. The SFO, along with police in Australia and Asia, has been investigating alleged corrupt conduct by a banknote printing firm which is half-owned by a company based in a small Cumbrian market town. The SFO confirmed that Lowther was charged on 8 September with taking part in a conspiracy to help secure a university place for the son of the then governor of Vietnam’s state-owned bank and paying his fees and accommodation costs. Lowther is due to appear at City of Westminster magistrates court in London on Tuesday 20 September. The move comes after seven senior executives from the banknote printing firm , Securency, were charged over the summer by Australian police for allegedly funnelling bribes to officials in Vietnam, Malaysia and Indonesia. The SFO’s prosecution is being mounted at a time when the British government has stepped up its attempts to crack down on corporate corruption. A stronger law aimed at prosecuting executives who pay backhanders to foreign politicians and officials to win big contracts overseas came into force in July. It was introduced after Britain endured constant criticism for managing to prosecute only a paltry number of firms for the offence. The SFO and Australian police allege that the Securency executives bribed Le Duc Thuy, the then bank governor, to induce him to award the firm a contract to print Vietnam’s currency in 2003. His son, Le Duc Minh, completed a postgraduate course at the university’s business school in 2003-4. This summer the Guardian tracked down the son, in Hanoi. He denied his education was funded through corrupt payments and said both the fees for his studying and his living costs while at Durham, totalling more than £10,000, were paid by his family. He said : “I believe that none of my school friends or lecturers at Durham ever thought that I looked like a rich boy at school.” Lowther is the first to be charged by the SFO during its investigation into Securency. The investigation came out into the open last October when the SFO arrested and later bailed Lowther and four other individuals , and raided eight homes across the UK and an office. Lowther, a former Securency director, has been awarded a OBE and CBE during his business career as well as an honorary knighthood from the king of Belgium, according to a local press report. After his arrest he resigned as deputy chairman of Innovia Films , a specialist manufacturer in Wigton, Cumbria which owns half of Securency. Both Innovia and the Australian central bank which owns the other half of Securency have been trying to sell their stakes in the firm since last November. Securency, which prints special durable currency used in 31 countries, was reportedly in line to win a contract to print the £5 banknote , but the Bank of England recently cancelled the deal. In another strand of its inquiries into Securency, the SFO has been scrutinising suspected bribes to Nigerian officials. Richard Alderman, the director of the SFO, told MPs in July that his agency was investigating “about 26″ cases of bribery. Serious Fraud Office Vietnam Australia Banking Durham University Higher education Rob Evans John Burn-Murdoch Paul Lewis guardian.co.uk
Continue reading …European and US stocks surge on news that world banks will flood markets with dollars in coming months Fears of a deepening of Europe’s debt crisis have prompted the world’s leading central banks to pump US dollars into the financial system, in a co-ordinated action designed to boost market confidence. The Bank of England joined the US Federal Reserve, the European Central Bank, the Swiss National Bank and the Bank of Japan on Thursday to announce that they would flood money markets with dollars over the coming months. The move, on the third anniversary of the collapse of the US investment bank Lehman Brothers, sent shares soaring in banks heavily exposed to debt default by Greece and the other struggling members of the 17-nation eurozone. Under the terms of the deal, banks will be able to bid for unlimited amounts of US dollars at fixed interest rates in three separate auctions. The first of these will be on 12 October. Nick Parsons, head of strategy at National Australia Bank, said the decision to provide unlimited to liquidity well into 2012 was a big show of support to the global banking system. But he added: “If Greece were to default, an announcement that there would be unlimited liquidity available from central banks is one of the things you would want to have in place beforehand.” In London, the FTSE 100 index jumped 125 points to 5352, up 2.5%. On Wall Street, the Dow Jones index gained 1.2% to 11385. French bank stocks jumped, with BNP Paribas gaining 12%. The euro also jumped more than one cent against the dollar to $1.3886. European debt crisis European banks European Central Bank Europe Bank of England Lehman Brothers FTSE Dow Jones Dollar Stock markets Greece Larry Elliott guardian.co.uk
Continue reading …A rogue trader at UBS has lost around $2 billion, the Swiss banking giant says. The unauthorized trades by a trader in its investment banking unit “could lead UBS to report a loss for the third quarter of 2011,” but “no client positions were affected,” the bank said in a…
Continue reading …A mysterious blue-green streak of light was spotted moving across the sky over the US Southwest Wednesday night, prompting a flood of 911 calls from Phoenix to Los Angeles, CNN reports. There were no reports of impact or damage and NASA says it believes the object was probably a fireball…
Continue reading …Australians applying for new passports now have three gender options to choose from: Male, female, or “X.” The government says the option for indeterminate gender has been added to remove discrimination against transgender people, some of whom had faced questioning and detention and airports, the AP reports. Applicants will be…
Continue reading …