Saturday, December 3, 2011

ACLU: FBI used outreach to collect info on Muslims (AP)

WASHINGTON ? Heavily blacked-out internal FBI documents released Thursday indicate that the FBI, in some cases between 2007 and 2009, ran background checks on people they encountered at Muslim-related events and recorded personal information such as email addresses, phone numbers, physical descriptions and opinions in reports marked "routine."

The American Civil Liberties Union, which obtained the documents under the U.S. Freedom of Information Act, accused the FBI of misusing its community outreach programs to collect information on people at Muslim-related events that the FBI organized or was invited to attend. Those programs were intended to improve the relationship between Muslims and the FBI.

The bureau said some of the documents the ACLU published were not derived from outreach programs but were from actual criminal investigations in which it was appropriate to include specific details such as a driver's license number.

The blacked-out parts make it difficult to understand what the reports represent. But the disclosure comes at a time when the FBI has been criticized for some of its other programs, straining the fragile relationship between law enforcement and Muslims who widely believe they are subjected to surveillance and scrutiny because of their religion.

The ACLU said the FBI never told Muslims at outreach events such as job fairs, religious dinners or community meetings that it would record in government files the details about the events or who attended them.

The FBI's Community Outreach Program predates the terrorist attacks of September 2001 and is designed to improve the public's trust in the bureau and build partnerships. After the attacks, federal, state and local government officials stepped up this type of outreach to Muslim communities. Agents who attend such official events are instructed to file reports for what the FBI described as "internal oversight purposes."

Separate from outreach programs, FBI agents who are investigating a person or group may do their own outreach to as part of the investigation, said Jeff Mazanec, deputy assistant director of public affairs, who oversees the official program. But that is kept separate from what a community outreach coordinator does, he said.

For example, the ACLU cited a 2008 report describing an FBI agent in San Francisco attendance at a religious dinner. The agent documented who was sitting at a table, a cellphone number and details about a man the agent obtained from the California State Department of Motor Vehicles. The FBI agent also included details about a California man and a check deposited to a bank, referencing information from the FBI's internal case files. The names of individuals and other details were censored from the publicly available report for privacy reasons.

Mazanec said the FBI report was written as part of a formal investigation and not as part of the official community outreach program.

A board member at the Islamic Cultural Center of Northern California, Sara Mostafavi, said she was disappointed that the FBI's San Francisco division filed a report in 2007 that listed the names and organizations of people at a mosque meeting. It included the names of 50 people from 27 different organizations and identified the particular sect of Islam that each of the attendees followed.

"When you enter kind of a relationship with a sense of trust, you'd like to know that your privacy rights aren't going to get violated," Mostafavi said. "It's been difficult for some people to sometimes attend these meetings because they're afraid of what the repercussions will be."

Mazanec said the FBI includes such details in its files so that relationships can be maintained when agents leave or retire. "It's better than a Rolodex," Mazanec said. He said the FBI does not use outreach programs for terrorism investigations or assessments, and rules against this were sharpened this year.

Since 2001, advocacy and civil liberties groups have raised concerns that Muslim communities are unfairly targeted for counterterrorism purposes because of their religion. An Associated Press investigation into the New York Police Department's intelligence-gathering tactics in Muslim communities revealed widespread spying programs that documented every aspect of Muslim life in New York. Police infiltrated mosques and student groups and secretly spied on Muslims who were considered partners in the city's fight against terrorism.

___

On the Web:

ACLU: http://www.aclu.org

Source: http://us.rd.yahoo.com/dailynews/rss/religion/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_go_ca_st_pe/us_fbi_muslims

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Central banks act as euro zone crisis rages (Reuters)

BRUSSELS/LONDON (Reuters) ? The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.

The emergency move by the U.S. Federal Reserve, the European Central Bank, and the central banks of Japan, Britain, Canada and Switzerland recalled coordinated action to stabilize global markets in the 2008 financial crisis after the collapse of Lehman Brothers.

In Italy, now the focal point of the euro debt crisis, the Treasury started emergency cash tenders for banks which have been squeezed particularly hard as Rome's borrowing costs have soared towards 8 percent, a level seen as unaffordable in the long term.

The euro and European shares surged on the central bank action, which came after euro zone finance ministers agreed to ramp up the firepower of their bailout fund but acknowledged they may have to turn to the International Monetary Fund for more help.

In a policy shift by Europe's main paymaster, Finance Minister Wolfgang Schaeuble said Germany was open to increasing the IMF's resources through bilateral loans or more special drawing rights, reversing the stance Berlin took earlier this month at the Cannes G20 summit.

The new openness to a bigger IMF role came as Germany presses its EU partners to agree next week on treaty changes to create coercive powers to make euro zone countries change their budgets if they breach EU deficit and debt rules.

"The economic and monetary union will either have to be completed through much deeper integration or we will have to accept a gradual disintegration of over half a century of European integration," Economic and Monetary Affairs Commissioner Olli Rehn told the European Parliament.

Two years into Europe's debt crisis, investors are fleeing the euro zone bond market, European banks are dumping government debt, south European banks are bleeding deposits and a recession looms, fuelling doubts about the survival of the single currency.

Euro zone leaders have agreed belatedly on one half-measure after another but have failed to restore confidence and some analysts now see a December 9 Brussels summit as a make-or-break moment for the euro.

Finance ministers agreed on Tuesday night on detailed plans to leverage the European Financial Stability Mechanism (EFSF), but could not say by how much because of rapidly worsening market conditions, prompting them to look to the IMF.

"We are now looking at a true financial crisis -- that is a broad-based disruption in financial markets," Christian Noyer, France's central bank governor and a governing council member of the European Central Bank, told a conference in Singapore.

Italian and Spanish bond yields resumed their inexorable climb towards unsustainable levels on Wednesday, as markets assessed the rescue fund boost as inadequate, but fell back on news of the central banks' joint action.

"It must also be remembered that the EFSF is already funding at very wide levels (high borrowing costs) over Germany, struggled in its last auction to raise the required funds and would have its rating put under severe pressure by any rating downgrade of France," Rabobank strategists said in a note.

"This must call into question any plans related to the EFSF. It is yesterday's solution and the market has simply moved on."

IMF TO MATCH?

The 17-nation Eurogroup adopted detailed plans to insure the first 20-30 percent of new bond issues for countries having funding difficulties and to create co-investment funds to attract foreign investors to buy euro zone government bonds.

Both schemes would be operational by January with about 250 billion euros from the euro zone's EFSF bailout fund available to leverage after funding a second rescue program for Greece, Eurogroup chairman Jean-Claude Juncker said.

The aim was for the IMF to match and support the new firepower of the EFSF, Juncker told a news conference.

But with China and other major sovereign funds cautious about investing more in euro zone debt, EFSF chief Klaus Regling said he did not expect investors to commit major amounts to the leveraging options in the next days or weeks, and he could not put a figure on the final size of the leveraged fund.

"It is really not possible to give one number for leveraging because it is a process. We will not give out 100 billion next month, we will need money as we go along," Regling said.

Most analysts agree that only more radical measures such as massive intervention by the ECB to buy government bonds directly or indirectly can staunch the crisis.

The prospects of drawing the IMF more deeply into supporting the euro zone are uncertain. Several big economies are skeptical of European calls for more resources for the global lender.

The United States, Japan and other Asian states are hesitant to chip in unless Europe commits to first use its own resources to fix the problem and peripheral euro zone states map out more concrete steps on fiscal and economic reforms.

"Nobody wants to spend money on something they doubt would work," a G20 official said.

"That goes not only for Europe but for any other country outside Europe. The threshold for seeking IMF help is quite high. Those seeking help need to be willing to give up some of their jurisdiction on fiscal policy and willing to undergo painful reform. Mere pledges and speeches won't do."

MONTI DENIES IMF BID

New Italian Prime Minister Mario Monti said he had received a very positive reaction from the euro zone ministers to his fiscal plans, although he was told to take extra deficit cutting measures beyond an austerity plan already adopted to meet its balanced budget promise in 2013.

He also said he had met the head of the IMF's European department on Wednesday but Italy had not considered taking help from the Fund.

Reuters reported on Tuesday that Italian and IMF officials have held preliminary discussions on some form of financial support for Rome, although no decision has been taken, according to sources familiar with the talks.

Italian bond yields are now above the levels at which Greece, Ireland and Portugal were forced to apply for EU/IMF bailouts, and Rome has a wall of issuance due from late January to roll over maturing debt.

The Eurogroup ministers agreed to release their portion of an 8 billion euro aid payment to Greece, the sixth installment of 110 billion euros of EU/IMF loans agreed last year and necessary to help Athens stave off the immediate threat of default.

Juncker said the money would be released by mid-December, once the IMF signs off on its portion early next month.

G20 leaders promised this month to boost the global lender's warchest. However, another G20 source said policymakers had made no progress since then in efforts to boost IMF resources, which at current levels may not be sufficient to overcome the crisis.

EU sources said one option being explored is for euro system central banks to lend to the IMF so it can in turn lend to Italy and Spain while applying IMF borrowing conditions.

With Germany opposed to the idea of the ECB providing liquidity to the EFSF or acting as a lender of last resort, the euro zone needs a way of calming markets and fast.

The ECB shows no sign yet of responding to widespread calls to massively increase its bond-buying although EU officials said it may have to shift, even if the EFSF gained IMF help.

A Reuters poll of economists showed a 40 percent chance of the ECB stepping up purchases with freshly printed money within six months, something it has opposed so far.

The poll forecast a 60 percent chance of an ECB rate cut to 1.0 percent next week and a big majority of economists said they expect the central bank to announce new long-term liquidity tenders to help keep banks afloat at its next meeting on Dec 8.

(Additional reporting by Marius Zaharia in London, Erik Kirschbaum in Berlin, Robin Emmott and John O'Donnell in Brussels, Saeed Azhar and Kevin Lim in Singapore; Writing by Paul Taylor/Mike Peacock; Editing by Janet McBride/Ruth Pitchford)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111130/bs_nm/us_eurozone

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Monday, November 28, 2011

Coming soon: The separated-at-birth hits (Politico)

A source sends over this unreleased Web video from Senate candidate Steve Welch of Pennsylvania, which asks if Democratic Sen. Bob Casey was ?separated at birth? from President Barack Obama.

Except this one doesn?t just ask the question rhetorically. The video is a faux documentary exploring the possibility that Casey and Obama are related, featuring fictional experts such as behavioral scientist Dr. Arthur Herberstein and probability expert Dr. Milo Kamdermann.

Continue Reading

The video is a clever and well produced new take on a familiar Republican attack line and a sign of things to come for swing-state Senate and House races next year.

Right now, a candidate like Welch ? a wealthy entrepreneur making his first bid for statewide office ? is looking to make a splash in a GOP primary. (Call him a "separated-at-birther"?) But this kind of hit against Casey sets the stage for a general election in which Obama?s coattails could very well be determinative.

UPDATE: Matt Canter, communications director for the Democratic Senatorial Campaign Committee, scoffed at the Welch attack. "Congrats to some consultant who made a pretty penny on a web video no one will see," Canter said.?"Can't wait to watch the next episode about Welch, the guy who actually voted for Obama and now pretends he is a tea partier. But Welch is only polling at one percent right now, so he would never warrant a web video."

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//us.rd.yahoo.com/dailynews/external/politico_rss/rss_politico_mostpop/http___www_politico_com_news_stories1111_69142_html/43726274/SIG=11mo28ipr/*http%3A//www.politico.com/news/stories/1111/69142.html

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Saturday, November 26, 2011

S&P cuts Egypt sovereign rating (AP)

CAIRO ? Ratings agency Standard & Poor's says it has cut Egypt's sovereign credit rating, pushing it deeper into junk status on the back of the country's political turmoil and its weak economic profile.

S&P said Thursday it cut Egypt's long-term foreign and local currency sovereign ratings to B+ from BB-, with a negative outlook.

The agency says the cuts reflect its opinion that Egypt's "weak political and economic profile" had deteriorated further.

The cut comes after days of clashes between protesters and security forces in central Cairo ? battles that raised questions about the country's political situation days before the scheduled Nov. 28 parliamentary elections.

The vote is the first since former President Hosni Mubarak was ousted from power in February.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111124/ap_on_bi_ge/ml_egypt_economy

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