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04 Nov 2011 19:47

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World: Greek PM George Papandreou survives no-confidence vote

  • yeah … After a week full of hand-wringing (he called a referendum on an aid package, then backed off) after months of general annoyance, Greek Prime Minister George Papandreou managed to survive a no-confidence vote on Friday.
  • … but Don’t expect him to remain in power for long; Papandreou reportedly plans to work towards forming a unity government, which he may or may not lead. He says he’s willing to step aside if it’s a good choice for the country. source

04 Nov 2011 09:06

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U.S.: Judge won’t face charges, may lose job over brutal spanking incident

  • We believe that there was a criminal offense involved and that there was substantial evidence to indicate that and under normal circumstances … a charge could have been made.
  • Rockport, Texas Police Chief Tim Jayroe • Discussing the case of Hillary Adams, the 23-year-old who posted a video of her father — a Texas judge — brutally spanking her with a belt. The video, from 2004, would have been worthy of criminal charges against William Adams, according to Jayroe … if the statute of limitations had not run out. Considering the damage to William Adams’ reputation as a result of the release of the video, it may be enough to derail his career as a judge that focuses on child abuse cases. “I would think it would be very difficult,” noted Aransas, Texas, County Judge C.H. “Burt” Mills Jr. “Personally I don’t see how he can recover from this.” For William Adams’ part, he claims the situation looks worse than it is, and in a statement he released to the press, claimed the video was intended as blackmail: “Hillary warned her father if he reduced her financial support, and took away her Mercedes automobile, which her father had provided, he would live to regret it.” source

04 Nov 2011 08:14

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Biz: BREAKING: Jon Corzine resigns from troubled, bankrupt MF Global

  • He will pass on a $12 million severance package, AP reports. The former New Jersey governor, who has been the target of much scrutiny as a result of shady business practices (it appears he bet the business on the Euro debt crisis using investor money, and lost, meaning that the investor money is gone), quit his job early Friday. “I feel great sadness for what has transpired at MF Global and the impact it has had on the firm’s clients, employees and many others,” he said in a statement. “I intend to continue to assist the company and its board in their efforts to respond to regulatory inquiries and issues related to the disposition of the firm’s assets.” source