Saturday, July 12, 2008

weekend July 12

July 12/13, 2008--The discussions at Treasury highlight the dilemma created by the financial crisis gripping the us: some institutions are considered too big to fail, but propping them up could erode the market’s incentive to properly judge risk by offering investors a false sense of security. –WSJ A1

--…a [French] court has denied citizenship to a Moroccan woman on the grounds that she practices a radical form of Islam the prevented her from assimilating French culture. WSJ, A6

--The [issue at stake in] contrasting Danish and Dutch responses [to Islamic cartoons] … is whether democracy protects the right to offend or embraces religious taboos so that “citizens have a right not to be offended. WSJ W6

--7-12-2008—Three days after the Czech Republic signed an agreement with the USA to host a tracking radar for an antiballistic missile system that Russia vehemently opposes, the authorities in Prague said the flow of Russian oil to their country was beginning to dwindle. NYT A5

--So how did Mr. Leahy [in cameo BATMAN role] find his character’s motivation? Was he thinking of Dick Cheney, who in 2004 used profanity to curse Mr. Leahy on the Senate floor? “No, I wasn’t visualizing Dick Cheney,” Mr. Leahy said. “They can’t use that dialogue in a PG-13 movie.” NYT A9

--7-11-08—Red Cross investigators concluded last year in a secret report that the CIA’s interrogation methods for high-level Qaeda prisoners constituted torture and could make the Bush administration officials who approved them guilty of war crimes…--NYTA9

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