Frontpage: Tuesday, July 10th
- Annan: Iran Part of Syrian Solution: Following talks with the Iranian foreign minister, U.N. envoy to Syria Kofi Annan argued, in a press conference Tuesday, that Iran should be “part of the solution” to Syrian turmoil. “My presence here [in Tehran] proves that I believe Iran can play a positive role,” he said.
- Not All Dems Stand With Obama: Yesterday President Obama called on Congress to renew Bush-era tax cuts for just one year for Americans making under $250,000. He was expecting trouble from Republicans eager to keep the tax cuts for wealthiest Americans around forever, but he’s also getting some push-back from his own party. Embattled members of both the House and Senate, such as Sen. Claire McCaskill from Missouri, Senate hopeful Heidi Heitkamp of North Dakota, and Rep. Shelley Berkley of Nevada, say they’d either prefer to raise taxes on people making over $1 million per year, or permanently extend the Bush-era cuts for anyone making less than that.
- Diamond Gives Up $31M in Bonuses: Former-CEO Robert Diamond is giving up $31 million in deferred bonuses. New insight into the Barclays Libor scandal reveals that the Federal Reserve Bank of New York may have known that the British bank was manipulating global interest rates as early as August of 2007. In 2008 the Fed even offered up some suggestions to British authorities on how to fix the system.
- Ex-Israeli P.M. Cleared of Corruption: After three years as prime minister of Israel, Ehud Olmert resigned in 2008 amid a high-profile corruption scandal. Now Olmert has been cleared on two charges of corruption. He was convicted on a third, less drastic charge—of breach of trust—which he’s expected to appeal.
- Egyptian Parliament Meets in Cairo: Legislators gathered in Cairo Tuesday for a meeting of Egypt’s now-dissolved Parliament, despite opposition from the senior military generals and high-court judges. During the short meeting, lawmakers approved a proposal by the speaker—a member of the Muslim Brotherhood—to appeal an earlier ruling that reviving the defunct Parliament went outside the law.
Photo via picturedept:
Photo of the Day: July 9, 2012
Potocari, Bosnia and Herzegovina. A Bosnian Muslim man prays near coffins prepared for a mass burial at the Memorial Centeron July 9, 2012. The bodies of 520 recently identified victims of the Srebrenica massacre will be buried on July 11, the anniversary of the massacre when Bosnian Serb forces commanded by Ratko Mladic slaughtered 8,000 Muslim men and boys and buried them in mass graves, in Europe’s worst massacre since World War Two.
photo: Dada Ruvic, Reuters / Landov