In a truly stunning admission to ABC Newstonight, Vice-President Richard Cheney admitted he authorized and approved the use of torture and, when asked whether he might have gone too far, said, “I don’t.”
For years there has been speculation how much higher-ups in the Bush administration knew about the harsh interrogation methods (i.e., torture) used against [...]

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Just when you thought it not possible for banks to have yet another scandal…they have another scandal!
First, of course, came the subprime mortgage disaster, which led to the global credit debacle.
Now, news agencies, such as the BBC, are reporting that banks around the world have been hit by what may be one of the largest [...]

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The mess involving the apparently (okay, he is) crooked governor of Illinois is increasingly invading the till now surrealistically tranquil world of the Barack Obama transition phase.
In less than a week, we have gone from Obama insisting that neither he nor anyone on his team had improper contacts with the governor who was allegedly (okay,  [...]

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What will happen now to the Los Angeles Times?  
Its parent company, Tribune, buried under a mountain of debt, has filed for bankruptcy protection, leaving the future of the once golden paper murky at best.
Ironically, the Times is still making money, but is being dragged down by the enormous debt load of the Tribune company which [...]

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Every now a then a story comes along that shows just how stupid certain institutions can be.  In this case, it is even more troubling because the stupid institution in question happens to be a large university system: the University of California.
According to the Sacramento Bee (a newspaper that still is around…for now) more than [...]

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The Reuters story linked here has a line that I find amazing…because it is both true and sad at the same time: Reporting on the “global economic slump”–as the wire service puts it–the writers go on to say that  it “appears to be spreading faster than policy makers in the industrialized countries had anticipated.”
No kidding? [...]

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