London Times: Republican Party Fractured [ANALYSIS] ·
The Republican Party is at war with itself, with the ideological cement that once bound it together eroded by President Bush's legacy of "unfinished wars, a tainted reputation for competence, record high spending, a global economic crisis and the effective nationalisation of the financial system," catalyzed by Sen. John McCain's "dysfunctional campaign," writes the London Times.
October 28, 2008
George W. Bush
Dodd: Bush Should Nominate His Successor’s Treasury Chief ·
Senate Banking Committee Chair Christopher Dodd (D-Conn.) said President George W. Bush should nominate his successor's Treasury secretary in order to facilitate a "seamless transition" during the financial crisis. (Bloomberg)
Al-Qaeda Website Expresses Support For McCain ·
A consensus view has emerged on Islamic extremist websites such as al-Hesbah that Sen. John McCain will best further their mission by continuing the "failing march of his predecessor," President Bush. (Washington Post)
Bush To Host Economic Summit Post-Election ·
President George W. Bush will host a global economic summit in Washington, D.C. beginning November 15th to address the underlying causes of the financial crisis. Leaders from all G-20 nations are invited to participate. (Bloomberg)
Bush Plans Global Summit To Discuss Crisis ·
President George W. Bush announced Saturday he will host a summit of world leaders to discuss the global response to the financial crisis. The summit will likely include the Group of Eight as well as developing countries such as China and India. (WSJ)
White House Endorsed Waterboarding In Secret Memos ·
The Bush administration issued secret memos to the CIA in 2003 and 2004 that explicitly endorsed the agency's use of waterboarding and other harsh interrogation techniques, the Washington Post reports.
Dec. 31st Deadline Looms On U.S. Mandate In Iraq ·
The UN mandate under which the U.S. has occupied Iraq expires on Dec. 31st, and the inability to reach agreement on U.S. troops' immunity has left the Iraqi and U.S. governments stymied. (Washington Post) Prime Minister Nouri al-Maliki wants Parliament's approval of any deal.
Bush Softens On ICC Over Darfur ·
As the International Criminal Court considers an arrest warrant against Sudanese President Omar Hassan al-Bashir for war crimes in Darfur, the Bush administration is a surprising defender of the court. (Washington Post)
North Korea Taken Off US Terror List ·
The U.S. has removed North Korea from its list of countries sponsoring terrorism. (BBC) In exchange, North Korea agreed to provide full access to its controversial nuclear programme. Candidate Barack Obama called it "an appropriate response"; John McCain expressed concerns.
Bush Meets G7 Ministers, No New Strategy ·
President Bush met with financial officials from the wealthy Group of Seven countries and pledged a global response to the credit crisis. (Washington Post) But he offered no new strategies in the foreshortened meeting, lasting only a half-hour.
Bush Offers No New Actions In National Address ·
President George Bush urged the American people to be confident but offered no new policy proposals or actions to solve the financial crisis gripping world markets, saying that the government has already taken actions to cope. (Washington Post)
Bush Urges Coordination, G7 Ministers To Meet In DC ·
President George W. Bush called for a coordinated action by industrialized countries to tackle the global financial crisis. G7 finance ministers are meeting in Washington this weekend to discuss the credit crunch. (BBC)
Treasury Plan Might Boost Bank Writedowns ·
Analysts caution that the U.S. Treasury's $700 billion rescue plan, signed into law by President George W. Bush on October 3rd, could force global financial institutions to post another $1 trillion in writedowns. (Bloomberg)
Paulson, Treasury Race To Spend $700B ·
U.S. Treasury officials are reportedly consulting with a cadre of former Goldman Sachs executives about how to rapidly but methodically implement the $700 billion bailout plan signed into law Friday by President George W. Bush. (NYT)
Buffett: Bailout Plan No “Panacea” For U.S. Economy ·
Billionaire investor Warren Buffett cautioned Friday that while the $700 billion bailout package signed into law by President George W. Bush will help unfreeze the credit markets, it is not a "panacea" for the U.S. economy. (CNBC)