Archive for March, 2007

What is Al Gore’s political future?

| 21/03/2007 | 0 Comments
What is Al Gore’s political future?

Al Gore, a Democrat who lost to George W. Bush in the 2000 presidential race and an advocate for environmental causes, has been asked countless times whether he would run for president again. He’s joked about it but has never categorically ruled it out. 

Do you think Gore, pictured right at the Academy Awards ceremony where his documentary about climate change was honored, has a political future? Send us your comments.

Gore testified on Capitol Hill Wednesday about global warming before a pair of House subcommittees and the Senate Committee on Environment and Public Works. (Ed’s note: This post was updated to refresh the link to Gore’s visit on the Hill)

From the Web: Libby verdict and its impact

| 06/03/2007 | 0 Comments
From the Web: Libby verdict and its impact
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As Internet users dissect the guilty verdicts in the “Scooter” Libby trial, Kevin Drum at Political Animal echoed many bloggers when he wrote “my faith in the American justice system has been restored.” At Redstate, “Erick” noted that “the media is speculating that this might embolden Peter Fitzgerald to now investigate others,” but he suspects that will not be the case.

“It’s hard to understand why Libby’s testimony was so out of step with that of the other Executive Branch witnesses,” said Powerline  “At the end of the day, imperfect memory seemed as good an explanation as any. But the jury didn’t see it that way.”

Jonathan R. at GOPBloggers says Libby should be spared jail because his crime was no worse than Bill Clinton’s perjury. “Having a different memory about whom you spoke to about what and when than some reporters is no worse crime than Clinton or (Sandy) Berger committed.”

Andrew Sullivan at The Daily Dish says the case was really about whether the Bush administration deliberately misled the nation about intelligence before the Iraq war. “The risks Cheney took to attack Wilson, the insane over-reaction that otherwise very smart men in this administration engaged in to rebut a relatively trivial issue: all this bespeaks the fact they were terrified that the full details of their pre-war WMD knowledge would come out.”
 
What do you think are the implications and consequences of the verdicts? Send a comment.

A pardon for Libby?

Expect a pardon, said several posts on Balloon Juice. One comment on truthdig.com echoed the expectation, writing that Bush will pardon him on his way out the White House door. The Political Pit Bull also ponders if there will be a presidential pardon.

The Democratic Party website carried the full statement from party Chairman Howard Dean, where he said President Bush “should pledge not to pardon Scooter Libby”

Editorials weigh in

The Chicago Tribune on Wednesday – home of Prosecutor Patrick Fitzgerald – isn’t satisfied with the reach of the investigation. “Americans deserve… [t]he full story of why top administration officials got so needlessly overwrought about a former ambassador’s allegations,” the editorial rumbled.

In Washington D.C., the leading editorial in The Washington Post warned the “conviction should send a message to this and future administrations about the dangers of attempting to block official investigations.” The Washington Times concluded “it seems clear that Libby held back information of importance to the investigation… and that is true despite the fact that Mr. Fitzgerald just as clearly debased his office in his pursuit of a defendant to justify the money he misspent looking for a crime.”

Ed’s note: This post was updated to include newspaper editorials

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Around the Web: A look at market commentaries

| 05/03/2007 | 0 Comments
Around the Web: A look at market commentaries
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The sell-off in stock markets around the world was a wake-up call for investors and a call to action for plenty of students of volatile markets and commentators on the Web. Here’s a selection of some of their views on this market and where it’s going.

How investors respond depends how seasoned they are, argues Market Risk. It’s a buying opportunity for invested with a long horizon and worrisome for those who bought within the last six months.

To others, investors, no matter how seasoned, look rattled. Peter Cohan’s hunch at blogginstocks.com is that “fear is feeding on itself” and “nobody seems to know exactly how big is the global wager on this Yen Carry Trade.” He reckons the Dow Jones industrials could fall 20 percent before ”fear is washed out of the global markets”.

Some are watching the bond markets, which — according to bondknowledge.com — are signalling that the outlook for the U.S. economy is less rosy than the Federal Reserve is currently anticipating. “Dont believe the goldilocks hype (economy is neither too hot nor too colddecent growth with no inflation). Listen to the bond market,” they argue.

Skeptical Speculator says “in a single day, China has reminded everyone that asset markets can be a risky place to be in” but they conclude that the “fundamental conditions have probably not changed dramatically. The large fall in the Chinese stock market is as much due to an over-extended market as anything else”

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