Saturday, October 20, 2012

MR. ROMNEY


MS. CROWLEY: It — he did in fact, sir…
PRESIDENT OBAMA:Can you say that a little louder, Candy?
(Laughter, applause.)
MS. CROWLEY: He did call it an act of terror. It did as well
take — it did as well take two weeks or so for the whole
idea of there being a riot out there about this tape to come
out. You are correct about that.
MR. ROMNEY: This — the administration — the administration
— (applause) — indicated that this was a — a reaction to a
— to a video and was a spontaneous reaction.
MS. CROWLEY: They did.
MR. ROMNEY: It took them a long time to say this was a
terrorist act by a terrorist group and — and to suggest —
am I incorrect in that regard? On Sunday the — your — your
secretary or…
MR. ROMNEY: Excuse me. The ambassador to the United Nations
went on the Sunday television shows and — and spoke about
how this was a spontaneous reaction.
Romney was essentially accusing the president of lying about
his Rose Garden statement. Here’s the critical passage from
his remarks that day:
Of course, yesterday was already a painful day for our nation
as we marked the solemn memory of the 9/11 attacks.  We
mourned with the families who were lost on that day.  I
visited the graves of troops who made the ultimate sacrifice
in Iraq and Afghanistan at the hallowed grounds of Arlington
Cemetery, and had the opportunity to say thank you and visit
some of our wounded warriors at Walter Reed.  And then last
night, we learned the news of this attack in Benghazi.

Thursday, October 18, 2012

streak of profit growth could be nearing an end

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Australian shares jumped 1 per cent to a fresh 15-month high.
South Korean shares opened up 0.3 per cent and Japan's Nikkei
average rose 0.9 per cent to its highest in nearly three
weeks.
US housing starts surged 15 per cent in September, the
fastest pace in over four years, bolstering sentiment that
had already perked up on a fall in the US jobless rate and
strong retail sales.
That lifted Wall Street despite concerns that sluggish world
economic growth has meant corporate America's year-long
streak of profit growth could be nearing an end.
According to Thomson Reuters data through Wednesday
afternoon, quarterly earnings for the Standard & Poor's 500
index components will now likely fall 1.7 per cent from a
year ago, better than a 2.3 per cent drop forecast earlier.
In Europe, equity markets also rose on Wednesday, continuing
to draw support from hopes that Spain will ask for an
international bailout and ease jitters over the country's
ability to manage its huge debts.
China's third-quarter gross domestic product is due around
0200 GMT.
It will likely show the world's second-largest economy slowed
for a seventh straight quarter, missing the government's
target for the first time since the depths of the global
financial crisis and possibly signalling still worse to come.

Wednesday, October 17, 2012

Around the same time

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Indeed, while all the materials, experiences, methods, languages, and justifications for "total war" were readily available for Yankees and Confederates alike, Neely insists that they were generally rejected. When, for example, Confederate General Sterling Price rode with his bedraggled troops into Missouri in 1864, he might have expected a taste of the medicine that the grisly fighting between Union soldiers and pro-Confederate guerrillas had produced there: murders, executions, and other atrocities that led Jefferson Davis to complain of the "savage ferocity" of the enemy. Instead Price's raid saw "the return of traditional combat situations." "Union generals fought Confederate generals one way and guerrillas another," Neely observes, arguing against the notion that the brutality of guerrilla warfare in Missouri set the larger direction for "total war."
Around the same time, Union General Philip Sheridan began a campaign in the Shenandoah Valley in Virginia that has been likened in its brutality to General William Tecumseh Sherman's march to the sea through Georgia. Aiming to destroy the valley as a "breadbasket" for the Confederacy, Sheridan is supposed to have scorched it. But Neely finds much exaggeration and myth-making in the accounts of Sheridan's campaign. Sheridan, it appears, looked chiefly to eliminate the valley's agricultural surplus, not its basic subsistence; and he ordered that farm dwellings be spared unless the inhabitants were guerrillas, in which case all restraint was to be relaxed. The distinction between "civilized" warfare and "savage" warfare was again in play, and the dynamic of "total war" consequently contained.