On Tuesday and Wednesday, earthquakes in the Pacific Ocean caused tsunamis that hit the South Pacific without warning, conjuring memories of 2004, when an earthquake in the Indian Ocean created a tsunami that destroyed parts of Indonesia, Sri Lanka, India, Thailand, and other countries.

On Tuesday and Wednesday, earthquakes in the Pacific Ocean caused tsunamis that hit the South Pacific without warning, conjuring memories of 2004, when an earthquake in the Indian Ocean created a tsunami that destroyed parts of Indonesia, Sri Lanka, India, Thailand, and other countries.

BANDA ACEH, Indonesia—The tsunami aftermath, 2005.

Update: Over 500 dead in Sumatra after an earthquake hits the western Indonesian island. (BBC)

Bank of America CEO Kenneth Lewis unexpectedly resigns after exhausting months of government probes over the $130 billion in corporate acquisitions that led to the bank’s downfall during his tenure.

He’s drifting out to sea like a dying Eskimo, knowing the company can do better and thrive without him.” (Bloomberg)

The troubled bank — which has more than tripled in size since Lewis took over in 2001 — has yet to name a successor. (FT)

Democratic rep Alan Grayson (FL) refuses to apologize to the Minority leader after claiming Republicans “want you to die quickly” during a House chamber health care debate yesterday. (WaPo)

The Romanian government collapses, after the leftist Social Democrat Party resigns in protest to the firing of their interior minister. The country — recession-hit and already dependent on the IMF to pay industrial sector salaries — was poised to get an extra $27 billion emergency aid. Slim chance. (BBC)

New York State is facing a Medicaid crises.  It expanded its program when other states cut back and, as a result, it will need to fill a $5 billion budget gap that will arise when temp federal Medicaid funding expires in 2010. And yes, health care costs are hurting us here too. (Buffalo News)

Police clashed with members of the Confederation of Indigenous Nationalities of Ecuador (Conaie) when talks over land use with President Rafael Correa collapsed after 8 hours. Police claim 28 of their  fellows were injured while Conaie claims that two of its people were killed. To note:  Conaie has helped oust Presidents in their country before, in 2000 and 2005. (Al Jazeera)

Owners at L.A.’s hundreds of marijuana dispensaries call their sales “donations” ($45 an eighth), because state law requires their stores to operate as nonprofit collectives. But critics — police, the district attorney and the newly elected city attorney — insist these are bonafide sales, and that pot sales remain illegal under state law. (LAT)

U.S. opens talks with the Myanmar military junta to push democracy. (Bloomberg)

Staff

Advertisements



    Leave a Reply

    Fill in your details below or click an icon to log in:

    WordPress.com Logo

    You are commenting using your WordPress.com account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s


  • Twits

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.


%d bloggers like this: