Wall St up and down as Aust dollar slumps …..

It has been another testing night on global financial markets.

Stock prices on Wall Street have slumped, then recovered, while the Australian dollar has been subjected to another drubbing.

Wall St Up & Down As Aust Dollar Slumps

’Given the nation's tottering infrastructure, imperial overreach abroad and vandalized constitutional process by a lawless executive branch, what will it take to scare the general public, mainstream press and political classes into immediate action to bring about meaningful change? At this twilight hour of the American republic, there must come a paradigm shift of seismic proportions or else the republic will perish. I'm less than optimistic.

Peter Andren

Peter Andren, the Independent MP for Calare, has announced that cancer has forced him to withdraw from his campaign for a Senate seat. He has been a strong campaigner for democratic integrity as well as a supporter of the Audit. We send him our very best wishes for his recovery.

Victorian premier resigns

After eight years in office, Victorian premier Steve Bracks stepped down on 30 July 2007. His contribution to restoring democratic practice in the State, including entrenching the independence of the Auditor-general and of the Director of Public Prosecutions, is discussed in this article by Joseph O'Reilly in New Matilda:

Alberto Gonzales

US Attorney General

Counsel to the President, Judge Alberto Gonzales

Alberto R. Gonzales was sworn in as the nation's 80th Attorney General on February 3, 2005.

‘Investigative journalist Mark Schapiro discusses why companies that manufacture hazard-free products for the European Union often produce toxin-filled versions of the same items for America and developing countries.

‘The concept of a pre-emptive war should be an abomination to every American. Pre-emptive war is a war of aggression. It was the policy of Hitler's Germany and of the Japanese imperial government. To our national shame, apparently many Americans support the concept. They should never again criticize the Japanese for Pearl Harbor, the Third Reich for the invasion of Poland, or the Soviet Union for the invasion of Afghanistan. Click your heels and salute. You are no different from the people who cheered for Hitler.

from Crikey …..

Revelations that Peter Costello shot his mouth off over dinner with three senior Canberra journalists in 2005 should probably be filed - along with the small legion of other Costello indiscretions - under P, somewhere between petulance, Peter Principle and pique. None of these continually reported digs amount to much more than verbal pouts, and none look likely to trouble Costello's stubbornly persistent nemesis, the PM.

’Attacking Iraq was a war crime, and to sit back now and debate how much control we are entitled to is disgusting. With typical U.S arrogance, our Congress, and the White House, now debate if, how, and when, to leave Iraq, and also about how many troops we should leave for a "training force," if we are to leave troops there.

What they are blind and deaf to is the cold and bloody fact that the people of Iraq have already spoken, and they have told us to get all of our troops out in a very loud voice.

PM says Rudd is a 'political contortionist'

The Federal Government has used question time to take aim at Labor leader Kevin Rudd, with the Prime Minister John Howard labelling the Opposition Leader a "superficial opponent".

Earlier today Mr Howard told his party room he believes Labor's lead over the Coalition will narrow when people focus on who would be best to manage the country's economy.

Mr Howard had the backing of his senior Ministers who repeatedly questioned Mr Rudd's character.

from Crikey

bush rains on howard's APEC parade ….

Alex Mitchell writes:

Prime Minister John Howard’s scarcely concealed attempt to turn next month’s APEC summit in Sydney into a platform for his re-election is turning sourer by the day.

‘The war of words between Moscow and the west over missile defence intensified over the weekend as Vladimir Putin, Russia’s president, declared a new radar station near St Petersburg to be “the first step in a large-scale programme”.  

Moscow has said it would bolster its air defence capability in response to US plans to site early-warning systems in the Czech Republic and missile interceptors in Poland to protect against attack from Iran or North Korea.

Crime 'training' videos posted …..

’Criminals are showing off their feats and even providing simple "how-to" videos to teach budding offenders the best way to commit crimes on YouTube.

After years of concern from authorities in the US, Australian criminals have started to educate the next generation about the best way to steal cars, create and use crude weapons and film high-speed car chases.

On Thursday, bushit left for a weekend in Kennebunkport, Maine, and his family's summer compound, Walker's Point. On Monday, he heads to his Crawford retreat, where he has spent all or part of 418 days of his presidency, according to Mark Knoller, a CBS News White House correspondent and meticulous record-keeper.

The presidential vacation-time record holder is the late Ronald Reagan, who tallied 436 days in his two terms. At 418 days, and with 17 months to go in his presidency, bushit is going to beat that easily.

Rove to Quit White House, He Tells Wall Street Journal ….

Karl Rove, a political adviser to President George W. Bush and a lightning rod for anger among Democrats, will leave the White House at the end of this month, Rove told the Wall Street Journal.

"I just think it's time," Rove said in an interview with the newspaper published today.