Truth Has No Agenda (GB)

Posts tagged “report

White House reportedly preps strike team to take out terrorists tied to Libya attack

[FoxNews.com]

Associated Press

Published October 15, 2012

WASHINGTON –  The White House has put special operations strike forces on standby and moved drones into the skies above Africa, ready to strike militant targets from Libya to Mali — if investigators can find the Al Qaeda-linked group responsible for the death of the U.S. ambassador and three other Americans in Libya.

But officials say the administration, with weeks until the presidential election, is weighing whether the short-term payoff of exacting retribution on Al Qaeda is worth the risk that such strikes could elevate the group’s profile in the region, alienate governments the U.S. needs to fight it in the future and do little to slow the growing terror threat in North Africa.

Details on the administration’s position and on its search for a possible target were provided by three current and one former administration official, as well as an analyst who was approached by the White House for help. All four spoke on condition of anonymity because they were not authorized to discuss the high-level debates publicly.

The dilemma shows the tension of the White House’s need to demonstrate it is responding forcefully to Al Qaeda, balanced against its long-term plans to develop relationships and trust with local governments and build a permanent U.S. counterterrorist network in the region.

Vice President Joe Biden pledged in his debate last week with Republican vice presidential nominee Paul Ryan to find those responsible for the Sept. 11 attack on the U.S. Consulate in Benghazi that killed Ambassador Chris Stevens and three others.

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Beck to Announce New Radio Deal (Report — $100 Million Contract)

[TheBlaze.com]

If you love listening to Glenn Beck on the radio, and many, many millions of you do, you will get to do so for years to come.

The news about Beck’s radio show hit the New York Times Sunday evening:

His company, Mercury Radio Arts, will announce on Monday that it has renewed its contract with Premiere Networks, keeping “The Glenn Beck Program” in syndication for five more years.

Mr. Beck’s show entered national syndication via Premiere, a unit of Clear Channel, 10 years ago. Now carried by more than 400 stations, the show typically ranks No. 3 among all news-talk radio shows.

The Times quotes Premiere Radio’s president Julie Talbott calling Beck one in a “handful of superstar talents.”  Beck praised Premiere as a “true partner in every sense of the word.”  The report put the value of Beck’s prior contract in 2007 at $10 million a year:

Premiere and Mercury Radio Arts declined to comment on the value of the new one, but a person with direct knowledge of the deal said it would pay Mr. Beck $100 million over the course of the contract.


Report: Corzine Ignored Warnings on Eurozone Bets From Chief Risk Officer

[FOXBusiness.com]

December 6, 2011

Written By

As Jon Corzine was directing his company to take more than $6 billion in bullish positions in risky European sovereign debt, the former MF Global CEO reportedly ignored prophetic warnings from his chief risk officer about the bet’s dangerous downsides.

According to The Wall Street Journal, Michael Roseman, who was in charge of controlling risks, expressed serious concerns to both Corzine and MF Global’s board of directors several times last year before eventually resigning.

The revelation that MF Global had $6.3 billion in net exposure to the bonds of troubled countries like Italy and Spain triggered a run on the bank that eventually forced the futures brokerage into bankruptcy on October 31.

Roseman, who was brought on in 2008 to overhaul MF Global’s risk systems after a rogue trader cost the company $140 million, warned that MF Global didn’t have enough cash to buffer against these risky positions and also presented scary scenarios about the ripple effects of a credit rating downgrade, the Journal reported.

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