Iraq For Sale

Buffett Blasts Tax System

Buffett Blasts Tax System

Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner....Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience...

Telus Backs Away

Telus Backs Away From BCE

TORONTO/VANCOUVER - Telus Corp. said Tuesday it will not make an offer for Canadian telecom rival BCE Inc., while one of the buyout consortiums scrutinizing BCE's books confirmed it had submitted a bid.Late on Tuesday, a source in the bidding group led by the Canada Pension Plan (CPP) Investment Board and which includes U.S. private-equity group Kohlberg Kravis Roberts & Co. said the consortium had entered a bid to buy BCE.As well, a spokesman for U.S.-based Cerberus Capital Management said it will also make a bid for BCE, Canada's biggest telecom company.

IBM Supercomputer

Supercomputer Steps Up The Pace

The world's fastest commercial supercomputer has been launched by computer giant IBM. Blue Gene/P is three times more potent than the current fastest machine, BlueGene/L, also built by IBM. The latest number cruncher is capable of operating at so called "petaflop" speeds - the equivalent of 1,000 trillion calculations per second. Approximately 100,000 times more powerful than a PC, the first machine has been bought by the US government.

Military Intervention To Stop Iran

Bolton: I'm 'very worried' for Israel
Sanctions and diplomacy have failed and it may be too late for internal opposition to oust the Islamist regime, leaving only military intervention to stop Iran's drive to nuclear weapons, the US's former ambassador to the UN, John Bolton, told The Jerusalem Post on Tuesday.

CIA Releases Top Secret Documents

CIA Rleases 70s Era Spying Documents

WASHINGTON — The CIA released hundreds of pages of internal reports Tuesday on agency misconduct that triggered a scandal in the mid-1970s over domestic spying. The documents detail assassination plots against foreign leaders like Fidel Castro, the testing of mind- and behaviour-altering drugs like LSD on unwitting citizens, wiretapping of U.S. journalists, spying on civil rights and anti-Vietnam war protesters, opening mail between the United States and the Soviet Union and China, break-ins at the homes of ex-CIA employees and others.

Freedom of Information Act

Injuries In War

U.S. struggles With Breadth, Depth Of War Injuries
More than 800 of them have lost an arm, a leg, fingers or toes. More than 100 are blind. Dozens need tubes and machines to keep them alive. Hundreds are disfigured by burns, and thousands have brain injuries and mangled minds.These are America's war wounded, a toll that has received less attention than the 3,500 troops killed in Iraq. Depending on how you count them, they number between 35,000 and 53,000.More of them are coming home, with injuries of a scope and magnitude the government did not predict and is now struggling to treat.

Born Rich

Visa IPO

Visa Plans To Sell 51% Of Company In IPO

NEW YORK — Visa, the biggest credit card network in the U.S., on Friday took its first official step toward becoming a public company, outlining to federal regulators how it proposes to restructure and combine its global operations.

Oil Nears $70

Oil Up On Iran Enrichment, Nigerian strike
NEW YORK (AP) Oil and gasoline futures rose Friday on concerns about Iran‘s nuclear capabilities and on news that talks to end a general strike in Nigeria had failed.