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Kennedy upset veteran Vice President Richard M. Nixon. One of the key factors in Kennedys victory was his expert handling of television as a campaign tool. Nixon, after suffering another crushing defeat in the California gubernatorial elections bounced back to win the presidency over Hubert H. Humphrey and a key factor in the Republican Party victory was the TV coverage of the Chicago police brutality against demonstrators. The brunt of the accusation was laid on the doorstep of Chicagos political boss, Mayor Richard Daley. Among the victims of police brutality were famous print and TV journalists. A book on media history, The Press and America, by Edwin Emery and Michael Emery reports that news media suffered some 70 injuries at the hands of the police, equally divided between print and electronic media.
London shares close at session highs as NY rises on rate cut hopes ...
(Updating with full details) LONDON, Jan. 29, 2008 (Thomson Financial delivered by Newstex) -- Leading shares closed up, at session highs, aided by a strong rise on Wall Street in anticipation of a rate cut tomorrow, while miners underpinned Footsie gains as production worries pushed base metals higher. At the close, the FTSE 100 index was up 96.3 points at a day's high of 5,885.2, while the FTSE 250 index closed 264.9 higher at 9,905.4. Volume was light, with 2.292 bln shares changing hands in 733,093 deals. On Wall Street, stocks advanced as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut to revitalize the struggling U.S. economy. By the London close, the Dow Jones industrial average rose 81.40 to 12,465.30. Broader indexes were also higher. The Standard & Poor's (NYSE:MHP) 500 index rose 7.70, to 1,361.65, and the Nasdaq composite added 4.82, to 2,354.73.
Exim Bank upgrades Pakistan’s rating
Despite the payment of Rs 8 billion to Oil Marketing Companies (OMCs) the price differential claims would reach Rs 52 billion by the end of current fortnight, sources told Daily Times on Monday. Sources said that though government has paid differential claims...
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Obama has California on knife-edge
Surging support for Barack Obama has left California's Super Tuesday Democratic primary on a knife-edge, with one-time runaway leader Hillary Clinton now nervously looking over her shoulder. Less than a week ago, Clinton had opened up a 17-point lead over Illinois senator Obama in Los Angeles Times/CNN opinion polls carried out amongst Democratic voters ahead of the contest. Both Obama and Clinton have campaigned aggressively in California in the final days before the vote, anxious to secure the hundreds of delegates on offer in the America's most populous state. A total of 370 delegates of the 2025 needed to secure the Democratic nomination are up for grabs on Tuesday, making California a cornerstone of any successful nominating contest. Unlike the Republican contest on Tuesday, independent voters may participate in the Democratic primary.
BACK IN IRAQ: THE 'WHORES OF WAR'
They were shot, hauled from their cars, burned, mutilated, dragged through the streets and bits of their bodies were hung from a bridge (dubbed the Blackwater Bridge). At least 22 Blackwater mercs have died in Iraq. To date more than 428 contractors working for more than two dozen firms have died there. In January this year, five Blackwater mercs died when one of the firm's helicopters (Blackwater has a private fleet of 20 planes and helicopter gunships) was shot down in Baghdad. It later emerged that four of the five crew were found with execution-style bullet wounds to the head. On April 21, 2005, seven Blackwater mercs died in two separate attacks in Baghdad and Ramadi. The Fallujah murders turned Blackwater into a kind of patriotic poster boy, with the war lobby portraying its mercs as heroes fighting for America in the face of bloodthirsty killers.
KCA observes moderate trading session
KARACHI: The Karachi cotton market witnessed a moderate trading session on Wednesday while the spot rates remained firm, dealers said. Some deals changed hands between ginners, withholding fine stocks and spinners on future delivery on slightly higher prices, brokers said. A senior trader, Ghulam Rabbani said the spot rates at Karachi Cotton Association (KCA) stayed firm at Rs 3,150 per maund. Traders in the domestic market traded cotton in a range of Rs 3,050 per maund to Rs 3,350 per maund. There is a contract brought on the records for about 13,000 bales at Rs 3,300 per maund in upper Sindh. He said international spot market activity remains subdued but somewhat active according to some international merchants. The ICAC issued monthly supply and demand estimate for 2007-08. World production was estimated at 123.8 million bales down from 124.0 million bales in January.
Feds looking into alleged metro Ponzi scheme
Federal agents are investigating several people suspected of running a fraudulent investment scheme that helped pay for stock market day trading and gambling trips to Las Vegas. The alleged scheme used a number of Twin Cities business entities and is believed to have tapped more than 200 investors nationwide for at least $10.9 million, according to a sworn statement filed this month in Minneapolis federal court to obtain three search warrants. U.S. Postal Inspector Rob Strande, who filed the statement, said the losses have not been determined, but that they could be substantial. Strande said in the affidavit that the suspects solicited investors by promising returns of 20 to 2,200 percent over the course of one to 18 months. Potential investors were told that their money would go to unspecified ventures -- including gold, diamonds and oil commodities -- he said.
Baltic dry index spooks shipping shares
The shares of shipping companies have plummeted across the world on fears of a sharp economic slowdown as contagion from the US housing slump reaches Europe and Asia. Comment: The shipping news is in and it's not so goodThe latest news from the transport and automovitve industriesChina's COSCO fell 9.4pc in Far Eastern trading. Pacific Basin was off 10pc, and China Shipping Container Line fell 8pc. The selling ricocheted through European bourses and Wall Street: Belships was down 17pc in Oslo, Diana Shipping was off 8.4pc in New York, and Goldenport fell 4pc in London. .
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