“Let them fail; let everybody fail! I made my fortune when I had nothing to start with, by myself and my own ideas. Let other people do the same thing. If I lose everything in the collapse of our financial structure, I will start in at the beginning and build it up again.”
– Henry Ford, February 11, 1934
The gang of terrorists who wreaked mayhem in Mumbai for three days were made to believe by their Lashkar bosses that they were not
being sent on a suicide mission and that they would be coming back alive.
In a sensational disclosure made by Ajmal, the jihadi nabbed alive by Mumbai cops, the group had planned to sail out on Thursday. Their recruiters had even charted out the return route for them and stored it on the GPS device which they had used to navigate their way to the Mumbai shoreline.
Ajmal made another important disclosure: that all terrorists were trained in marine warfare along with the special course Daura-e-Shifa conducted by the Lashkar-e-Taiba in what at once transforms the nature of the planning from a routine terror strike and into a specialized raid by commandos.
Battle-hardened ATS officials are surprised by the details of the training the terrorists were put through before being despatched for the macabre mission. This was very different from a terrorist attack, and amounted to an offensive from the seam, said a source.
The account of Ajmal also strengthens the doubt of the complicity of powerful elements in the Pakistani establishment. According to him, the group set off on November 21 from an isolated creek near Karachi without the deadly cargo of arms and ammunition they were to use against the innocents in Mumbai. The group received arms and ammunition on board a large Pakistani vessel which picked them up the following day. The vessel, whose ownership is now the subject of an international probe, had four Pakistanis apart from the crew.
A day later, they came across an Indian-owned trawler, Kuber, which was promptly commandeered on the seas. Four of the fishermen who were on the trawler were killed, but its skipper, or tandel in fishermen lingo, Amarjit Singh, was forced to proceed towards India. Amarjit was killed the next day, and Ismail the terrorist who was killed at Girgaum Chowpaty took the wheel.
A trained sailor, Ismail used the GPS to reach Mumbai coast on November 26. The group, however, slowed down its advance as they had reached during the day time while the landing was planned after dusk. The group shifted to inflatable boats, before disembarking at Badhwar Park in Cuffe Parade.
One answer to these questions is that nobody likes a party pooper. While the housing bubble was still inflating, lenders were making lots of money issuing mortgages to anyone who walked in the door; investment banks were making even more money repackaging those mortgages into shiny new securities; and money managers who booked big paper profits by buying those securities with borrowed funds looked like geniuses, and were paid accordingly. Who wanted to hear from dismal economists warning that the whole thing was, in effect, a giant Ponzi scheme?
Well, Krugman, why not follow the Chinese example for how to handle a Ponzi scheme?
China has executed a businessman convicted of bilking thousands of investors out of $416 million in a bogus ant-breeding scheme, state media reported Thursday.
The official Xinhua News Agency said Wang Zhendong, who was found guilty of fraud and sentenced to death in February last year, was executed in north China’s Liaoning province on Wednesday.
The death penalty is used broadly in China. Though usually reserved for violent crimes, it is also applied for nonviolent offenses that involve large sums of money or if they are seen to threaten social order.
Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc, where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal’s website on Friday.
Rubin, who is also a director at Citigroup, acknowledged he was involved in a board decision to ramp up risk-taking in 2004 and 2005, according to the paper, and said if executives had executed the plan properly, the bank’s losses would have been less.
The Journal said Rubin has earned $115 million in pay since 1999, excluding stock options.
“I bet there’s not a single year where I couldn’t have gone somewhere else and made more,” said Rubin, according to the Journal.
Under state law, God is Kentucky’s first line of defense against terrorism.
The 2006 law organizing the state Office of Homeland Security lists its initial duty as “stressing the dependence on Almighty God as being vital to the security of the Commonwealth.”
Specifically, Homeland Security is ordered to publicize God’s benevolent protection in its reports, and it must post a plaque at the entrance to the state Emergency Operations Center with an 88-word statement that begins, “The safety and security of the Commonwealth cannot be achieved apart from reliance upon Almighty God.”
State Rep. Tom Riner, a Southern Baptist minister, tucked the God provision into Homeland Security legislation as a floor amendment that lawmakers overwhelmingly approved two years ago.
As amended, Homeland Security’s religious duties now come before all else, including its distribution of millions of dollars in federal grants and its analysis of possible threats.
A resident takes cover for possible return fire as National Security Guard commandoes fire at suspected militants holed up at Nariman House in Colaba, Mumbai, India, Friday, Nov. 28, 2008. (AP Photo/Saurabh Das)
(more pictures at the link)
Babies with a severe form of epilepsy risk having their diagnosis delayed and their treatment compromised because of a company’s patent on a key gene.
It is the first evidence that private intellectual property rights over human DNA are adversely affecting medical care.
Deepak Gill, head of neurology at the Children’s Hospital at Westmead, said he would test at least 50 per cent more infants for the SCN1A gene – which would diagnose the disabling Dravet syndrome – if the hospital could conduct the test in-house.
But rights to the gene are controlled by the Melbourne-based Genetic Technologies, which has already threatened to stop public hospitals testing for breast cancer gene mutations, and the hospital will not risk a similar problem.
Specialists are sending blood samples to Scotland, and only babies whose seizure patterns closely resemble Dravet syndrome are tested. This means children with slightly different symptoms may be treated with the wrong medicines for months, potentially retarding their development.
Apparently, the rights of corporations are more important than human life.
I’m pleased to announce that the Linux 2.6 kernel has been ported to Apple’s iPhone platform, with support for the first and second generation iPhones as well as the first generation iPod touch. This is a rough first draft of the port, and many drivers are still missing, but it’s enough that a real alternative operating system is running on the iPhone.