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Archive for March 11th, 2008

Fallon resigns as chief of U.S. forces in Middle East

posted by admin in cnn, news

BAGHDAD, Iraq (CNN) — Adm. William Fallon has resigned as chief of U.S. forces in the Middle East and Central Asia after more than a year in the post, citing what he called an inaccurate perception that he is at odds with the Bush administration over Iran.

Fallon, the head of U.S. Central Command, was the subject of a recent Esquire magazine profile that portrayed him as resisting pressure for military action against Iran, which the Bush administration accuses of trying to develop nuclear weapons.

In a written statement, he said the article’s disrespect for the president and resulting embarrassment have become a distraction.

Although I don’t believe there have ever been any differences about the objectives of our policy in the Central Command area of responsibility, the simple perception that there is makes it difficult for me to effectively serve America’s interests there, he said.

In Washington, Defense Secretary Robert Gates told reporters at the Pentagon that he accepted Fallon’s resignation with reluctance and regret.

But he added, I think it’s the right decision.

We have tried between us to put this misperception behind us over a period of months, and, frankly, just have not been successful in doing so, he said.

Fallon, a 41-year veteran of the Navy, took over as chief of Central Command in early 2007. Gates said he will be replaced by Lt. Gen. Martin Dempsey, his deputy, who commanded an Army division in Iraq in the early days of the war and led efforts to train the Iraqi military. E-mail to a friend

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Dollar rebounds after central banks act

posted by admin in cnn, news

FRANKFURT, Germany (AP) — The dollar fell to a new low against the euro on Tuesday, but reversed course after the U.S. Federal Reserve, European Central Bank and Bank of England announced another joint effort to soothe money markets with fresh short-term credit.

The euro initially soared to $1.5495, bolstered by a better-than-expected reading of investor sentiment from Germany.

The rise in the ZEW institute’s monthly confidence index — a closely watched indicator for Europe’s biggest economy — defied analysts’ predictions of a slight decline.

The report pushed the euro above its previous high of $1.5463, set Friday.

But when the Fed, ECB and Bank of England announced that they were joining with other central banks to ramp up efforts to provide more relief in the credit crisis, making as much as $200 billion in cash available to cash-strapped financial institutions, the euro dropped as low as $1.5293.

By late afternoon it Europe it was at $1.5320. That compared with the $1.5352 it bought in New York late Monday.

Ashraf Laidi, chief foreign exchange strategist for CMC Markets in New York, said the announcement pushed the euro lower because it all but eliminated the chance for a rate cut by the Fed before its next meeting.

This coordinated central bank injection of liquidity totally cancels the changes of an inter-meeting rate cut for the Fed and this provides temporary support for the U.S. dollar, Laidi told The Associated Press.

As we know, rate cuts are bad for the U.S. dollar and inter-meeting rate cuts are very bad for the U.S. dollar.

The decision, he said, would allow the Fed to make the anticipated 50 basis point rate cut on March 15.

Currently, the Fed’s interest rate stands at 3 percent — compared to 4 percent in the euro zone, where the ECB has left rates unchanged since last summer.

In other trading, the British pound fell to $2.0039 from $2.0101. The dollar was higher against the Japanese currency, rising to 103.22 yen from 102.40.
found here.

Obama rejects being Clinton’s No. 2

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(CNN) — Sen. Barack Obama flatly rejected suggestions Monday he would be a vice presidential running mate for Sen. Hillary Clinton.

Clinton, Obama’s rival for the Democratic presidential nomination, and her husband, former President Clinton, have suggested a joint Clinton-Obama ticket — with Obama in the second slot.

President Clinton Saturday suggested a Clinton-Obama ticket would be unstoppable.

He would win the urban areas and the upscale voters. She would win the rural areas that we lost when President Reagan was president, he said while campaigning in Pass Christian, Mississippi. If you put those two things together, you’d have an almost unstoppable force. Watch Bill Clinton tout a ‘dream ticket’

Obama forcefully shot that idea down.

Sen. Clinton is fighting hard. She’s tenacious. I respect her for that. She is working hard to win the nomination. But I want everybody to be absolutely clear. I’m not running for vice president. I’m running for president of the United States of America, Obama told supporters during a rally in Columbus, Mississippi.

If anyone should be suggesting vice presidential candidates, it should be him, Obama said.

With all due respect. I won twice as many states as Sen. Clinton. I’ve won more of the popular vote than Sen. Clinton. I have more delegates than Sen. Clinton. So, I don’t know how somebody who’s in second place is offering vice presidency to the person who’s in first place, he said. Watch Obama downplay talk of ‘dream ticket’

Obama also said the Clinton campaign was hoodwinking voters when it suggested he was not ready to be president while also floating the possibility of a joint Clinton-Obama ticket.

I don’t understand, he said. If I’m not ready, how is it that you think I should be such a great vice president?

Obama was campaigning in Mississippi a day before the state holds its primary Tuesday, while Clinton keeps her eye on the next big prize on the Democratic calendar, Pennsylvania.

Thirty-three delegates are at stake Tuesday, and in the tight Democratic race, every delegate is critical. CNN estimates Obama leads Clinton 1,553 to 1,438. A candidate needs 2,025 delegates to win the nomination.

Obama won the Wyoming caucuses Saturday, where he picked up seven delegates. Clinton won five delegates.

Obama was also scheduled to hold a rally in Jackson, Mississippi, Monday, while Clinton was set to hold campaign events in Scranton, Pennsylvania. Pennsylvania holds its primary April 22.

The divergent paths on their campaign trails may be a reflection of what the campaigns view as their political strengths.

Obama has done well in Southern states that have large African-American populations. Clinton has done better in industrial states with large groups of blue-collar voters such as Ohio, which she won last week. Watch why black voters are flocking to the polls

Going into Tuesday’s voting, Obama has a double-digit lead over Clinton in Mississippi, polls suggested. An American Research Group poll conducted March 5-6 of likely primary voters had Obama leading Clinton 58 percent to 34 percent with 5 percent supporting another candidate and 3 percent unsure. The poll’s margin of error is plus or minus 4 percentage points. Watch an Obama aide explain why Obama will not be a VP candidate

Clinton has not conceded the state to Obama, however. She campaigned there last week, and her husband campaigned there over the weekend. Watch how Hurricane Katrina is shaping Tuesday’s election

As the race has remained in a virtual deadlock, pressure has been mounting on party officials to find a solution that lets Michigan and Florida have some input in the nomination process.

Both states were stripped of their delegates by the national Democratic Party after they violated party rules and moved their primaries to January. Clinton won both contests.

None of the top-tier candidates campaigned in either state before the votes, and Obama was not on the ballot in Michigan.

How the question is resolved could have a significant impact on the Democratic race. Florida has 210 delegates, while Michigan has 156 delegates.

Ann Lewis, a senior Clinton adviser, argued the outcome of Florida’s January primary should be used to allocate Florida’s delegates. Watch Lewis explain why the Florida results should count

Here’s what we think the criteria should be: Recognize and respect the fact so many Florida Democrats did come out, Lewis said. Let’s remember and recognize the people who did show up and appreciate that they thought votes should be counted.

But comments by Howard Dean, the chairman of the Democratic National Committee, suggested party leaders would not support that position.

I think it’s very unlikely that Florida and Michigan, given how close this race is, are going to be seated as is, Dean told CBS Sunday. But everybody’s going to work very hard to find a compromise within the rules that’s fair to both campaigns that will allow Florida and Michigan in the end to be seated.

Sen. Bill Nelson, D-Florida, has proposed Florida Democrats get a chance to vote again using mail-in ballot, saying a full primary using regular voting machines would be prohibitively expensive.

Nelson estimated the cost of conducting an election using mail-in ballots would be about $6 million. Florida’s Democratic Party would raise the money to pay for the mail-in election, he said.

Two prominent Democratic fundraisers — Gov. Ed Rendell of Pennsylvania and Gov. John Corzine of New Jersey — suggested they would be willing to help raise the funds necessary to hold new elections in Florida and Michigan.

A letter outlining their proposal was published Sunday in the Washington Post. Rendell and Corzine said they would help raise half of the $30 million they estimated it would take to hold primaries in Florida and Michigan.

Both Rendell and Corzine back Clinton, but former Sen. Tom Daschle, Obama’s campaign co-chairman, said the Obama campaign would be open to the two campaigns raising funds for new primaries.
found here.

Obama rejects being Clinton’s No. 2

posted by admin in cnn, news

(CNN) — Sen. Barack Obama flatly rejected suggestions Monday he would be a vice presidential running mate for Sen. Hillary Clinton.

Clinton, Obama’s rival for the Democratic presidential nomination, and her husband, former President Clinton, have suggested a joint Clinton-Obama ticket — with Obama in the second slot.

President Clinton Saturday suggested a Clinton-Obama ticket would be unstoppable.

He would win the urban areas and the upscale voters. She would win the rural areas that we lost when President Reagan was president, he said while campaigning in Pass Christian, Mississippi. If you put those two things together, you’d have an almost unstoppable force. Watch Bill Clinton tout a ‘dream ticket’

Obama forcefully shot that idea down.

Sen. Clinton is fighting hard. She’s tenacious. I respect her for that. She is working hard to win the nomination. But I want everybody to be absolutely clear. I’m not running for vice president. I’m running for president of the United States of America, Obama told supporters during a rally in Columbus, Mississippi.

If anyone should be suggesting vice presidential candidates, it should be him, Obama said.

With all due respect. I won twice as many states as Sen. Clinton. I’ve won more of the popular vote than Sen. Clinton. I have more delegates than Sen. Clinton. So, I don’t know how somebody who’s in second place is offering vice presidency to the person who’s in first place, he said. Watch Obama downplay talk of ‘dream ticket’

Obama also said the Clinton campaign was hoodwinking voters when it suggested he was not ready to be president while also floating the possibility of a joint Clinton-Obama ticket.

I don’t understand, he said. If I’m not ready, how is it that you think I should be such a great vice president?

Obama was campaigning in Mississippi a day before the state holds its primary Tuesday, while Clinton keeps her eye on the next big prize on the Democratic calendar, Pennsylvania.

Thirty-three delegates are at stake Tuesday, and in the tight Democratic race, every delegate is critical. CNN estimates Obama leads Clinton 1,553 to 1,438. A candidate needs 2,025 delegates to win the nomination.

Obama won the Wyoming caucuses Saturday, where he picked up seven delegates. Clinton won five delegates.

Obama was also scheduled to hold a rally in Jackson, Mississippi, Monday, while Clinton was set to hold campaign events in Scranton, Pennsylvania. Pennsylvania holds its primary April 22.

The divergent paths on their campaign trails may be a reflection of what the campaigns view as their political strengths.

Obama has done well in Southern states that have large African-American populations. Clinton has done better in industrial states with large groups of blue-collar voters such as Ohio, which she won last week. Watch why black voters are flocking to the polls

Going into Tuesday’s voting, Obama has a double-digit lead over Clinton in Mississippi, polls suggested. An American Research Group poll conducted March 5-6 of likely primary voters had Obama leading Clinton 58 percent to 34 percent with 5 percent supporting another candidate and 3 percent unsure. The poll’s margin of error is plus or minus 4 percentage points. Watch an Obama aide explain why Obama will not be a VP candidate

Clinton has not conceded the state to Obama, however. She campaigned there last week, and her husband campaigned there over the weekend. Watch how Hurricane Katrina is shaping Tuesday’s election

As the race has remained in a virtual deadlock, pressure has been mounting on party officials to find a solution that lets Michigan and Florida have some input in the nomination process.

Both states were stripped of their delegates by the national Democratic Party after they violated party rules and moved their primaries to January. Clinton won both contests.

None of the top-tier candidates campaigned in either state before the votes, and Obama was not on the ballot in Michigan.

How the question is resolved could have a significant impact on the Democratic race. Florida has 210 delegates, while Michigan has 156 delegates.

Ann Lewis, a senior Clinton adviser, argued the outcome of Florida’s January primary should be used to allocate Florida’s delegates. Watch Lewis explain why the Florida results should count

Here’s what we think the criteria should be: Recognize and respect the fact so many Florida Democrats did come out, Lewis said. Let’s remember and recognize the people who did show up and appreciate that they thought votes should be counted.

But comments by Howard Dean, the chairman of the Democratic National Committee, suggested party leaders would not support that position.

I think it’s very unlikely that Florida and Michigan, given how close this race is, are going to be seated as is, Dean told CBS Sunday. But everybody’s going to work very hard to find a compromise within the rules that’s fair to both campaigns that will allow Florida and Michigan in the end to be seated.

Sen. Bill Nelson, D-Florida, has proposed Florida Democrats get a chance to vote again using mail-in ballot, saying a full primary using regular voting machines would be prohibitively expensive.

Nelson estimated the cost of conducting an election using mail-in ballots would be about $6 million. Florida’s Democratic Party would raise the money to pay for the mail-in election, he said.

Two prominent Democratic fundraisers — Gov. Ed Rendell of Pennsylvania and Gov. John Corzine of New Jersey — suggested they would be willing to help raise the funds necessary to hold new elections in Florida and Michigan.

A letter outlining their proposal was published Sunday in the Washington Post. Rendell and Corzine said they would help raise half of the $30 million they estimated it would take to hold primaries in Florida and Michigan.

Both Rendell and Corzine back Clinton, but former Sen. Tom Daschle, Obama’s campaign co-chairman, said the Obama campaign would be open to the two campaigns raising funds for new primaries.
found here.

Madonna inducted to Rock and Roll Hall of Fame

posted by admin in cnn, news

NEW YORK (AP) — Madonna, pop music’s quick-change artist, was inducted into the Rock and Roll Hall of Fame Monday and paid tribute to people who encouraged her and even critics who panned her for helping drive her career.

Heartland hitmaker John Mellencamp, with his son Speck playing guitar and his parents watching from a balcony above the Waldorf Astoria Hotel ballroom, joined the rock-kicking with a rumbling version of Authority Song.

I wrote this song, and I still feel the same way today as I did when I wrote it 25 years ago, Mellencamp said.

Philly soul producers Kenny Gamble and Leon Huff, literate songwriter Leonard Cohen, British rockers the Dave Clark Five and surf instrumentalists the Ventures were among the other inductees.

Madonna recalled a teacher who encouraged her to follow her dreams when she was only 14.

Thirty-five years later, people are still encouraging me to believe in my dreams, she said at the Waldorf Astoria induction ceremony. What more could I ask for?

Even the people who said I was talentless, that I was chubby, that I couldn’t sing, that I was a one-hit wonder, they helped me, too, she said. They inspired me because they made me question myself repeatedly and pushed me to be better.

Singer Justin Timberlake, who helped produce Madonna’s upcoming album, inducted her with an innuendo-laden speech.

The world is full of Madonna wanna-bes. I might have even dated a couple, said Britney Spears’ ex. But there is truly only one Madonna.

Timberlake told of how he felt ill one day while working on Madonna’s new album and she asked whether he wanted a B-12 shot. He said sure, expecting a doctor to show up, but Madonna pulled out a syringe and said, Drop ‘em.

After he pulled his pants back up, She looked at me and said, ‘That’s top shelf,’ and that was one of the greatest days of my life, he said.

Everything he said is basically true, Madonna confirmed, but I didn’t say ‘Drop ‘em,’ I said, ‘Pull your pants down.’

Madonna didn’t perform, but asked punk rockers Iggy Pop and the Stooges to sing Burning Up and Ray of Light. See why some people aren’t happy about Madonna’s induction

At the end, a shirtless Pop said, you make me feel shiny and new, like a virgin touched for the very first time, and tossed his microphone to the floor.

Gamble, taking the stage with his longtime partner, invited the audience to answer back his wish for peace.

Thank you so much, because that’s exactly what our music represented, Gamble told the people gathered at for the annual ceremony, televised on VH1 Classic.

Patti LaBelle performed a chandelier-shaking rendition of If You Don’t Know Me By Now to introduce Gamble and Huff. The songwriters and producers created a lush, melodic brand of soul performed by a variety of artists.

Gamble cited one: Billy Paul’s tale of the adulterous affair in Me and Mrs. Jones.

There’s a little ‘Me and Mrs. Jones’ going on here in New York, he said to laughter, hours after New York Gov. Eliot Spitzer was accused of hiring a prostitute.

He dispelled one rumor. The song MFSB stood for mother, father, sister, brother, he said. For years, others let their imaginations run wild with the initials.

One odd sign of the times: Among the favors distributed to guests at Monday’s dinner was a box of 30 blank CDs, presumably so people wouldn’t have to worry about buying CDs anymore.

The Ventures excelled at what is almost a forgotten art in rock music — the instrumental. Nokie Edwards’ twangy guitar gave the band its distinctive sound. They performed their first hit, Walk, Don’t Run, and Hawaii Five-O.

John Fogerty recalled how he and fellow members of Creedence Clearwater Revival used to hang out in a garage learning the Ventures’ songs.

When the Ventures first hit the radio, I would say I was gone, Fogerty said. The Ventures went on to record 250 albums. Think about that. These days, some of us would be happy to sell 250 albums.

Cohen, a Canadian, is one of music’s most highly regarded, if not best-known, songwriters, through pieces like Suzanne and the much-covered Hallelujah. Damien Rice sang the latter song in tribute.

Lou Reed, who was inducting Cohen, carried a sheaf of papers to the stage and read several examples of Cohen’s lyrics.

We’re so lucky to be alive at the same time Leonard Cohen is, Reed said.

Cohen, dressed in a black tux, recited the lyrics to his song Tower of Song in a hushed voice.

This is a very unlikely occasion for me, he said. It is not a distinction that I coveted or even dared dream about.

Indiana’s Mellencamp quickly ditched the stage name Johnny Cougar and became one of rock ‘n’ roll’s most successful artists during the 1980s. Pink Houses, Hurts so Good and R.O.C.K. in the USA are among his energetic hits. Mellencamp also joined with Neil Young and Willie Nelson to form the ongoing Farm Aid charity for American farmers.

The Dave Clark Five followed the Beatles in the original British Invasion, with catchy hits like Glad All Over. Led by drummer and songwriter Clark, the band enters the hall at a tragic time: singer Mike Smith died at age 64 of pneumonia less than two weeks ago.

Little Walter, who died in 1968, joins the hall in its sidemen category. He recorded frequently with Muddy Waters in the 1950s.

He defined an instrument, he defined a sound, he defined a genre, musician Ben Harper said of Little Walter.
found here.

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