September 1, 2011
The Justice Department filed suit Wednesday to block AT&T's proposed $39-billion takeover of wireless rival T-Mobile USA, with its top antitrust lawyer declaring, "Any way you look at this transaction, it is anticompetitive. " Only the most ideologically hidebound supporters of the deal ever claimed it would boost competition, however. The question has always been whether the benefits it could deliver would outweigh the loss of an innovative, low-priced service provider. That's a far murkier issue.
August 28, 2011 |
A top-ranking rebel government official Sunday dismissed a supposed offer by Moammar Kadafi to negotiate a transition, insisting that the country's long-time ruler should turn himself in. The Associated Press reported that Musa Ibrahim, a spokesman for Kadafi's all but toppled government, had called its New York office to offer talks on a "transfer of power," saying the leader's son Saadi would conduct the negotiations. He said Kadafi remained in Libya but did not specify where. A top official of the National Transitional Council rejected the offer.
August 22, 2011 |
Though gunfights continued in the streets of Tripoli and Moammar Kadafi's whereabouts were unknown, the debate had already begun in political circles Monday about whether the crumbling of the Kadafi regime was a victory for President Obama. Obama has shouldered criticism for months from Republican rivals, as well as members of his own party, about the cost of the mission and his decision to commit U.S. military resources without congressional approval. Even Republican candidates who supported some level of U.S. military involvement in Libya, like Republican front-runner Mitt Romney, often accused Obama of devoting more than $1 billion toward a mission that had no clear strategy or endgame.
August 17, 2011 |
An Indian government attempt to head off a political crisis by arresting a key anti-corruption activist appeared to backfire Tuesday when Parliament walked out and demonstrations erupted around the country. Plainclothes police surrounded activist Anna Hazare early Tuesday morning as the septuagenarian left his home to begin a hunger strike in protest of alleged widespread corruption, reportedly forbidding him to leave the premises. When he defied them, officers took him into custody on preemptory charges of "breach of peace.
August 11, 2011 |
Beneath an old diving helmet straight out of Jules Verne, a couple seated at a corner of the raw bar feed each other oysters, clams, bites of lobster. They eat slowly, luxuriously, between sips of wine. He whispers in her ear. She laughs and pops a shrimp in her mouth. Behind the bar, a cook deftly shucks oysters, tucks a little more ice around a lipstick-red lobster and slides a plate of peel 'n' eat shrimp over to a guy at the other end of the bar. This is Hungry Cat Santa Monica Canyon, the third iteration of David Lentz's wildly popular Hollywood seafood restaurant (the second is in Santa Barbara)
August 9, 2011
The credit ratings firm Standard & Poor's didn't enhance its tarnished credibility with its decision Friday to downgrade Treasury securities from "risk-free" AAA to AA+. Having seen no evil during much of the housing boom, S&P has flipped to the other extreme in regard to Washington's fiscal problems, declaring T-bills to be a less reliable investment than bonds issued by Luxembourg or the Isle of Man. Its overreaction prompted sell-offs in financial...