Tuesday, July 15, 2008

ides of July 2008

July 15, 2008—The dollar traded near its record low against the euro.. WSJ C8

--By this point in the credit crisis, SEC Chairman Christopher Cox could have made a name for himself by promoting bold initiatives to stabilize the US brokerages under his regulation. So what did the SEC do after another gruesome week for the financials? It announced moves to prevent the spreading of false rumors to manipulate securities prices... WSJ C14

--The House [of Representatives] declared Monday that any flag flown on federal property should be made in the USA. SBT A6

--[Sampson, an IUPUI janitor’s] troubles began last year when a co-worker complained about him reading a book titled “Notre Dame v. the Klan: How the Fighting Irish Defeated the Ku Klux Klan.” Sampson, a 58-year old white janitor and student majoring in communications, said he tried to explain that the book was a historical account written by a Notre Dame graduate....Sampson says his union official likened the book to bringing pornography to work, and the school’s affirmative action officer in November told Sampson his conduct constituted racial harassment... [The book[ recounts a 1924 riot between Notre Dame students and the Klan in which the students from the Catholic university prevailed.-- SBT B6

--In the court and in the automobile federation meeting , Mr. Mosley said The News of the World had manufactured its claim that his five hour session in the Chelsea flat had a Nazi theme. In court last week, he said the use of an Luftwaffe jacket by one of the women, guttural commands in German during spanking sessions, and other features of the afternoon were part of a generic prison scenario, and not an attempt to recreate the conditions of a Nazi concentrati0n camp, as the newspaper contended. NYT A12

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