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Common Ground Common Sense > National & International News > Daily National and International News > National News Archive
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Snuffysmith
'Defense of Marriage' Amendment Is Restored
--------------------

From Times Wire Reports

January 20 2005

The Louisiana Supreme Court, meeting in New Orleans, unanimously reinstated an amendment to the state constitution that blocked same-sex marriage. The amendment was overwhelmingly approved by voters in September.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
Judge Upholds Ban on Same-Sex Weddings
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From Times Wire Reports

January 20 2005

U.S. District Judge James S. Moody upheld the federal law that allows states to ban same-sex marriages, dismissing a lawsuit by two women seeking to have their Massachusetts marriage recognized in Tampa.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
Inauguration Unfurls Under Watchful Eyes
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Security is expected to be tighter than ever for the first swearing-in since 9/11, but that hasn't cut into the customary pomp.

By Edwin Chen and Johanna Neuman
Times Staff Writers

January 20 2005

WASHINGTON — George W. Bush begins his second term as president today amid celebration and pageantry tempered by the tightest security in inaugural history.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
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Detainees' Legal Bid for Freedom Is Thrown Out
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A judge says military review boards, not the courts, are where foreign-born terrorism suspects must petition for their release.

From Associated Press

January 20 2005

WASHINGTON — A federal judge threw out a lawsuit Wednesday by foreign-born terrorism suspects challenging their detention in Guantanamo Bay, Cuba, ruling that last year's landmark Supreme Court ruling did not provide them the legal basis to win their freedom.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
A Social Security 'Disaster' Predicted
--------------------

Democrats intensify their assault on Bush's personal account plan, citing GOP resistance.

From Associated Press

January 20 2005

WASHINGTON — Top Democrats in Congress toughened their attack Wednesday on President Bush's call for personal investment accounts under Social Security and said remarks by a powerful Republican committee chairman showed GOP lawmakers had little appetite for the accounts.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
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FBI Looks for Foreigners in Boston Threat
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Massachusetts' governor returns home after the warning about four Chinese nationals who may have entered the U.S. from Mexico.

By Elizabeth Shogren
Times Staff Writer

January 20 2005

WASHINGTON — The FBI is seeking four Chinese nationals in connection with an unspecified threat on the city of Boston, the agency and the U.S. attorney's office in Massachusetts said Wednesday.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
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Airline Drinking Water Flunks EPA Tests
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By Lisa Getter
Times Staff Writer

January 20 2005

WASHINGTON — Passengers on airlines flying within the U.S. who have compromised immune systems may want to think twice before drinking the water on board, the Environmental Protection Agency warned Wednesday.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...eadlines-nation
Snuffysmith
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Necessary Roughness
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Terrorists don't rate Geneva protections.

Max Boot

January 20 2005

As he begins his second term, President Bush has become a victim of his own success in combating Al Qaeda. If shortly after Sept. 11, 2001, Bush had announced a policy of disemboweling captured terrorists, he would have been applauded from Boise to Boston. Heck, John Kerry would probably have volunteered to wield the sword.

The complete article can be viewed at:
http://www.latimes.com/news/opinion/la-oe-...,3239967.column
Snuffysmith
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GOP Sees Outreach Potential in Agenda
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By Peter Wallsten
Times Staff Writer

January 20 2005

WASHINGTON — President Bush's plans to overhaul Social Security and enact other sweeping policy changes are making some Republican lawmakers uneasy about the political risks. But the party's new chairman said Wednesday that the White House agenda actually could "broaden and deepen" the GOP's dominance by attracting new voters, including young people and African Americans.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...0,4631485.story
Snuffysmith
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Harvard President Issues an Apology for Remarks
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He implied in a speech that women were less capable at math and science than men.

By Elizabeth Mehren
Times Staff Writer

January 20 2005

CAMBRIDGE, Mass. — Harvard University President Lawrence H. Summers apologized late Wednesday for his remarks last week suggesting that innate differences might make women less capable of succeeding at math and science than men, and acknowledged that his comments sent "an unintended signal of discouragement to talented girls and women."

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...,0,585512.story
Snuffysmith
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Cabinet Votes Stall in Senate
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Democrats delay the expected confirmations of Rice and Gonzales. Party leaders cite questions over the Iraq war and prisoner abuse.

By Paul Richter and Richard B. Schmitt
Times Staff Writers

January 20 2005

WASHINGTON — Voicing displeasure with the Bush administration over prisoner abuse and the Iraq war, Senate Democrats on Wednesday delayed the expected confirmations of Atty. Gen.-designate Alberto R. Gonzales and Secretary of State nominee Condoleezza Rice.

The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...0,5271984.story
Snuffysmith
__________________________________
NEWS ALERT
from The Wall Street Journal

Jan. 20, 2005

Federated Department Stores is in talks to buy rival May, a deal that would create a company with nearly 1,000 department stores under names from Bloomingdale's and Macy's to Lord & Taylor and Marshall Field's.

FOR MORE INFORMATION, see:

http://online.wsj.com/article/0,,SB1106187...9330989,00.html
Snuffysmith
http://www.wpherald.com/storyview.php?Stor...19-032203-2848r

Survey: Americans oppose Iran invasion
Snuffysmith
http://www.washingtontimes.com/functions/p...18-105234-1449r

Missiles deployed for inauguration
Snuffysmith
http://www.editorandpublisher.com/eandp/ne...t_id=1000767889

Another Poll, This One for 'LAT' Finds War Support Eroding
brendan
Pfizer profits up 470% on year despite wilting Viagra sales
Guardian - 6 hours ago
Pfizer, the world's largest drug maker, reported a sharp rise in fourth-quarter profits yesterday as the company benefited from the woes of rivals such as Merck, which was sent reeling by the withdrawal of its arthritis treatment Vioxx.

http://www.guardian.co.uk/business/story/0...1394178,00.html
brendan
Photos of British abuse of Iraqis 'shocking'
Seattle Post Intelligencer - 1 hour ago
Since their troops joined the US-led invasion of Iraq almost two years ago, British commanders and politicians have depicted their soldiers as less combative, less abrasive and less ...

http://seattlepi.nwsource.com/national/208592_abuse20.html
brendan
A vision of liberty in an armed city
Toronto Star - 36 minutes ago
When the US president takes his oath of office during the country's 55th inauguration ceremony, he will speak of his hopes of spreading freedom and liberty to the world during his second term, but he will do so in a city that has been reduced to an armed ...

http://www.thestar.com/NASApp/cs/ContentSe...id=970599119419
Snuffysmith
___________________________________
THE MORNING BRIEF

January 20, 2005 -- 6:13 a.m. EST

___________________________________

President Bush begins his second term with a U.S. public wary about the next four years and generally unsupportive of his policy intentions, two new surveys suggest.


Second-Term Blues,
Right From the Start

By JOSEPH SCHUMAN
THE WALL STREET JOURNAL ONLINE


President Bush begins his second term in office today with a U.S. public wary about the next four years and generally unsupportive of his policy intentions, two new surveys suggest.

Fewer than half of Americans express optimism about the rest of the president's time in office "or substantial confidence that Mr. Bush has the right policies for the presidency," a Wall Street Journal/NBC poll says. It finds just one pivotal area where Mr. Bush's public standing has risen -- his ability to handle a crisis -- and the Journal calls that the "strongest asset he brings to the political course he has charted" since 9/11. A New York Times/CBS poll finds more widespread optimism among respondents -- nearly 60% -- but says nearly two-thirds believe Mr. Bush's second term will produce a larger U.S. budget deficit and 47% expect it to divide Americans. A majority of those surveyed said they didn't expect improvements in health care or education. Mr. Bush's approval rating was at just 49%, and 56% said the country was on the wrong track. The findings "suggest that Mr. Bush does not have broad popular support as he embarks on what the White House has signaled would be an extraordinarily ambitious second term," the Times says. And that could undermine his leverage in Congress.

The Senate yesterday dealt the administration two awkward, albeit temporary, setbacks, delaying the expected confirmations of Attorney General-designate Alberto Gonzales and Secretary of State nominee Condoleezza Rice. Republicans had hoped in particular to see Ms. Rice sworn in the same day as Mr. Bush, the Los Angeles Times notes, but some Democrats said they needed more time to examine her confirmation-hearing testimony after one complained she had "danced around" questions related to her advocacy of the Iraq invasion. And other Democrats, on the Judiciary Committee, accused Mr. Gonzales of "gross evasion" in answers to questions about his role in guiding White House policy on the use of torture. Still, the L.A. Times notes, the maneuvers underscored the limits of Democrats' power as an even smaller minority.

On the other side of the aisle, the unity Mr. Bush's Republicans showed during his first term is under strain as he "reaches out in several controversial directions at once," the Journal says -- especially with Social Security. Some leading House Republicans, convinced they will need Democratic support for Social Security changes, have been urging the White House to consider tax increases as part of the deal, the New York Times says. To overcome opposition to his plans to add private-investment accounts to the U.S. retirement program -- and other items on his agenda -- Mr. Bush will employ the "same hard-charging machine that helped him win re-election," the Journal reports, with Republicans planning to stage what amounts to a permanent political campaign. And they will have some help. A coalition representing companies that include Boeing, Pfizer and Fidelity Investments plans to spend "significantly more" than $5 million to promote Mr. Bush's intended changes to Social Security, Bloomberg reports.

A Private Provider of 'Actionable' Intelligence
ChoicePoint, the little-known, Georgia-based giant of the information industry, is transforming itself into a private intelligence service for national security and law-enforcement tasks, the Washington Post reports. The company, begun in 1997 as a provider of credit data for the insurance industry, acquired dozens of other companies over the next seven years and in doing so became an all-purpose commercial source of details about Americans' homes, cars, relatives, criminal records and other personal information. The ranks of its government and corporate clients grew from 1,000 to more than 50,000, and its market value increased from about $500 million to $4.1 billion, the Post says. Now ChoicePoint is snapping up a host of companies that produce sophisticated computer tools for analyzing and sharing records in its immense storehouses to help provide what the company calls "actionable" intelligence. "We do act as an intelligence agency, gathering data, applying analytics," ChoicePoint Vice President James A. Zimbardi tells the Post.

Auctioning Off Wireless Spectrum
The Federal Communications Commission next week will auction off 242 licenses for wireless spectrum, and The Deal.com says the two national mobile-phone operators who didn't participate in mergers and acquisitions last year -- Verizon Wireless and T-Mobile USA -- could be the most active bidders. The vast majority of licenses cover areas with populations under 2.5 million and could help carriers strengthen regional weak spots in many bidders' portfolios, The Deal says. There are also a handful in densely populated areas, including one in Los Angeles -- and Verizon, T-Mobile, Sprint and Cingular Wireless are among those registered to bid for it. Citing UBS analyst Colette Fleming, The Deal says Verizon has shown a willingness to be aggressive in previous auctions and is seeking more spectrum to keep up with subscriber growth and to maintain its network quality. T-Mobile, Ms. Fleming says, could use the additional spectrum in a number of markets, "particularly when it comes to rolling out 3G" services.

Federated, May Discuss Retail Marriage
Federated Department Stores is in preliminary talks to buy rival May Department Stores, people familiar with the matter tell The Wall Street Journal, a potential deal that would create a national colossus of nearly 1,000 department stores under iconic names ranging from Bloomingdale's and Macy's to Marshall Field's. The talks are the latest sign of a new round of consolidation in the U.S. retailing sector, especially among mainstream, mid-market mass retailers that include Sears and Kmart, the Journal notes. These stores are getting squeezed between the growing might of discount giants like Wal-Mart and such upscale retailers as Neiman Marcus. The Journal describes the talks as being at a delicate stage, with no guarantee a deal will be reached and a value that isn't clear.

Online Music Sales Rose Tenfold in 2004
Users of legal Internet music services like Apple's iTunes and Sony's Connect downloaded more than 200 million tracks in Europe and the U.S. in 2004, a tenfold increase from 2003, the International Herald Tribune reports. Of course, online music sales were still in their infancy two years ago. The International Federation of the Phonographic Industry, the trade group that announced the figures, claimed some success in its efforts to persuade listeners to go legitimate, noting that the number of illegal music files available on the Internet had declined. But online distribution represents only 1% of overall global music sales, which continue to fall, the IHT says, and the IFPI vowed yesterday to open new fronts in its attacks on the online pirates it blames for slowing sales.

Washington Post: The number of restatements to companies' financial reports rose 28% last year, according to a study to be released today by Huron Consulting Group.

Wall Street Journal: Several big Internet and phone companies are moving to provide wireless high-speed access to the Internet -- without phone lines or cable -- challenging the dominance of those traditional connections to millions of U.S. homes and offices.

Jane's Security News: China has been taking advantage of a U.S. preoccupation with terrorism to boost its influence in Latin America. Although the current focus of China-Latin America relations is on economic ties, strategic alliances in the future could alter the balance of power in the region and beyond.

Legal Times: Washington law firm Shaw Pittman and San Francisco-based Pillsbury Winthrop are in advanced merger talks, a deal that would instantly turn Pillsbury into a significant Washington player.

New York Post: Comcast's aggressive push into content could lead it to Goldman Sachs' doorstep with an offer for the investment bank's stake in the YES Network.

Variety: A federal court ruled that legendary comic-book creator Stan Lee is entitled to a 10% slice of profits from movies and TV productions based on Marvel Enterprises' characters -- including the "Spider-Man" movies. Marvel promised an appeal.

Los Angeles Times: The FBI is investigating the death of an American contractor gunned down last month in Iraq who had accused Iraqi Defense Ministry officials of corruption days before he was targeted.

Quote of the Day
"An original crayon drawing by Pablo Picasso sold Wednesday for $39,999. At Costco," the Los Angeles Times says, in reporting on the discount chain's online art business, which has included works for sale by Marc Chagall, Amadeo Modigliani, Henri Matisse, Georges Braque and others, which customers can add to their cart with a click of the mouse.

__________________________________
TODAY'S MARKETS
The Nasdaq tumbled 1.5% to 2073.59 on disappointing earnings from Motorola and Lucent. The industrials fell 88.82 to 10539.97.

http://online.wsj.com/article/0,,SB1106135...tml?mod=djemTMB
http://online.wsj.com/afternoonreport


__________________________________
MORE NEWS

Mitsubishi Motors is in talks with its Japanese corporate cousins about a bailout of $3 billion or more, its second in seven months.

http://online.wsj.com/article/0,,SB1106160...tml?mod=djemTMB

Dubai, a city-state in the United Arab Emirates, boasts one of the world's fastest-growing economies. But until a few years ago, it was one of the world's least-known destinations. To grab a place on the world map, locals turned to the Guinness Book of World Records.

http://online.wsj.com/article/0,,SB1106183...tml?mod=djemTMB

Bush's inauguration will coincide with Air America's launching of its brash Bush-bashing talk-radio format onto the airwaves in Washington, D.C., Detroit and Cincinnati, bringing its total nationwide reach to 45 markets.

http://online.wsj.com/article/0,,SB1106168...tml?mod=djemTMB

In California's latest twist in direct democracy, a rich man with a cause puts his own money behind a ballot initiative to spend taxpayer money on something the gridlocked state legislature won't back. All this is understandable, even admirable, but David Wessel wonders, is it wise?

http://online.wsj.com/article/0,,SB1106177...tml?mod=djemTMB

All eyes and cameras may be on the president during the inauguration, but the ceremonies also can be turning points for us, marking our lives in personal, unexpected ways.

http://online.wsj.com/article/0,,SB1106176...tml?mod=djemTMB
Snuffysmith
http://story.news.yahoo.com/news?tmpl=stor...tion_exit_polls

Report Outlines Exit Polling Problems
Snuffysmith
President Bush to Begin Second Term

http://enews.voanews.com/t?ctl=B13AEB:2F72C9D

President Bush, Vice President Dick Cheney to take their oaths of
office on steps of US Capitol

President Bush and family at 'Blacktie and Boots' Innaugural ball
Wednesday eveningPresident Bush takes the oath of office for a second
term in a few hours.

The president and Mrs. Bush began the day with a family breakfast
before a prayer service at St. John's church across a snowy Lafayette
Park from the White House.

Unprecedented security surrounds this 55th presidential inauguration
with a maze of metal gates and barriers along the parade route and two
rows of dump trucks blocking Pennsylvania Avenue.

President Bush and Vice President Dick Cheney will take their oaths of
office on the steps of the U.S. Capitol. In his inaugural address,
President Bush will say the best hope for peace in the world is
expanding freedom.

He will say that events and common sense have led Americans to the
conclusion that liberty at home increasingly depends on the success of
liberty in other countries. According to excerpts of the speech
released by the White House, the president will say that America has
need of idealism and courage because there is essential work within
the country to secure what he will call the unfinished work of
American freedom.

The president won a close election and returns to office in a nation
with deep political divisions. A number of public polls show him with
one of the lowest approval ratings for a president elected to a second
term in the past 50 years.
Snuffysmith
US Inaugurations Mix Tradition with Change

http://enews.voanews.com/t?ctl=B13AE1:2F72C9D

Presidential historian looks back on ceremonies that began with George
Washington The United States Constitution says little about
Presidential inaugurations, except to state the oath of office…the
words that have been repeated by American Presidents for more than two
centuries. But even if the speeches, parades and parties that surround
that oath are not required by law, they have become time-honored
traditions, many dating back to America's earliest days as a nation.

Paul F. Boller, Jr., author of Presidential Inaugurations, notes that
the United States was launching an experiment in self-government when
the first inauguration took place. "The Founding Fathers thought it
was important to have a ceremony when they installed George Washington
in office," says Mr. Boller. "Of course I think they also wanted to
honor Washington. They felt that without him to start off this
experiment they wouldn't have much of a chance."

That first Presidential inauguration took place in New York, on April
30th, 1789. The ceremony was later moved to the new capital city of
Washington, D.C., and January 20th eventually became Inauguration Day
to reduce the gap between Election Day in November and the start of a
new administration. But, in other ways, George Washington's
inauguration became a model for those that followed.

"Washington was driven in a coach to the Congress," explains Paul
Boller. "That was one precedent, that now you've got two branches of
government involved. And then he decided to take the oath on the
Bible. That was common in those days for taking oaths. Then he said
'So help me God,' afterwards. That was his innovation. And then he
decided to give an inaugural address giving the aims of this new
country. And then he attended a dinner with friends and watched
fireworks. Those few simple things, they became standard."

Lithograph of the 1829 inauguration of Andrew Jackson - courtesy
Library of CongressIn 1809, James Madison hosted the first inaugural
ball, and soon Presidents were staging a round of parties and
receptions to celebrate their arrival at the White House. One of the
most famous inaugural parties took place when Andrew Jackson became
President in 1829. Mr. Jackson had campaigned as a leader for everyday
people. "So he invited them all to the White House for a reception
after he took his oath of office,” says Mr. Boller, “and they came in
big mobs. People stood on the furniture with muddy boots to see him,
and when waiters came in bringing food, people started fighting over
food. Jackson finally escaped through the window. And this shocked
dignified people. They said, 'This is democracy getting out of hand.'
But other people said, 'No, this is just the American people, showing
their enthusiasm for government.'"

1873 Inaugural ball for Ulysses S. Grant - courtesy Library of
CongressInaugurations turned even more festive in 1873, when Ulysses
S. Grant became the first President to hold an inaugural parade. "It
tended to be a military parade," Paul Boller explains. "This was not
long after the Civil War, and General Grant was the great Union
commander. But after that civilians quickly began to be added to the
afternoon parade. There would be governors, senators and other
prominent people, and then high school students, college students. And
then you began to get floats and even circus animals -- elephants and
things like that."

Not all inaugurations have gone off quite as planned. Some have been
marred by freezing weather. Others have been disrupted by protestors.
But U.S. Presidents aim to make the day a time for celebration and
unity -- and those who give a stirring inaugural speech can leave a
lasting legacy. Paul Boller counts John F. Kennedy's 1961 address as
among the most famous. "It spends most of its time on foreign
affairs,” he says. “It's very much a Cold War inauguration. Kennedy
promises that the American people will do everything they can to stop
communism from spreading, and defend freedom around the world."

U.S. Presidential inaugurations have also gotten longer, more
elaborate and more costly. "By the late nineteenth century," Paul
Boller notes, "you go from one day to two or three or four or five or
even a week. You have all sorts of things added to it beforehand --
the recitals, plays, galas, big variety shows, cocktail parties,
lunches, dinners. It goes on and on."

But none of that would be possible without the swearing-in ceremony
that lasts just a few minutes and includes only a few brief words. It
is the oath of office, says Paul Boller, that turns a U.S.
President-elect into a President.
Snuffysmith
Pre-Election Car Bombings Rock Iraqi Capital

http://enews.voanews.com/t?ctl=B13AE8:2F72C9D

Attacks carried out by insurgents, al-Qaida-related terrorists eager
to derail Iraqi elections set to take place January 30

Smoke rises from heavily protected 'Green Zone' that hosts US
and  British embassies and Iraqi government, following an
explosion in BaghdadSeveral early-morning car bombings shook the Iraqi
capital of Baghdad, killing as many as 26 people. The attacks were
carried out by insurgents and al-Qaida-related terrorists eager to
derail Iraqi elections set to take place on January 30.

The first bombing of the day, near the Australian embassy, was the
largest.

At about seven o'clock local time, a thunderous boom rocked the
Jadriyah district of Baghdad where the embassy is located. Powerful
shock waves followed the explosion, blowing out hundreds of windows
and several dozen doors in nearby buildings.

Thick clouds of black smoke filled the sky and the remains of a truck
bomb could be seen burning in front of a military barracks used by the
Australians.

U.S. troops and Iraqi police arrived and quickly sealed off the area.
Fearing a second attack, the police warned residents and journalists
living in a nearby hotel not to gather outside or on rooftops to view
the destruction.

The U.S. military says the blast killed two Iraqis and wounded several
people, including two Australian soldiers. It was not immediately
clear if the explosive-laden truck was remotely detonated or driven by
a suicide bomber.

Thirty minutes after the bombing in Jadriyah district, another
powerful explosion awoke residents in eastern Baghdad. A car bomb blew
apart at a police station next to a hospital, killing at least half a
dozen policemen.

The U.S. military says a third car bomb detonated at about 45 minutes
later, at an undisclosed location southwest of the Baghdad
International Airport. That blast killed two Iraqi security guards.

The fourth attack came 15 minutes later, near a checkpoint at an
abandoned airfield. Two Iraqi army soldiers and two civilians died in
the car bombing there.

Hours later, another car bomb exploded in northern Baghdad near a bank
and a Shiite mosque, killing at least one person.

U.S. and Iraqi officials have warned of a steady increase in violence
leading up to elections on January 30, in which Iraqis will choose a
new national assembly and provincial legislatures. Sunni Muslim
insurgents and foreign terrorists, who oppose the polls, have warned
Iraqis to boycott the elections or face attacks.

On Tuesday, Iraq's Interior Ministry announced a security clampdown
before the balloting. The ministry says it plans to, among other
things, close Iraq's borders for three days during the election period
and impose travel restrictions.

Despite the daily violence and calls from some Sunni Muslim leaders to
delay the voting, the U.S. ambassador to Iraq, John Negroponte, told
reporters Tuesday that the elections will take place, no matter how
hard insurgents try to derail them.

"The die is absolutely cast there. The election is going forward," he
said. "It is going to happen on the 30 of January. And I think these
various elements would do well to reflect on that fact and start
thinking of how they are going to participate in designing the
political future of their country."

Late Wednesday, the terrorist organization al-Qaida in Iraq, led by
Jordanian Islamic militant Abu Musab al-Zarqawi, claimed
responsibility for the truck bombing near the Australian embassy.

The al-Zarqawi group, which recently allied itself with Osama bin
Laden's terror network, is believed to have carried out scores of
deadly car bombings and kidnappings in Iraq since mid-2003. As deadly
as the group has been, U.S. commanders say they believe al-Qaida in
Iraq is playing only a small part in the Sunni insurgency in Iraq.
Snuffysmith
Survey shows a majority in 16 of 21 nations believe Bush could make world more dangerous.

http://www.csmonitor.com/2005/0120/dailyUpdate.html
Snuffysmith
__________________________________
NEWS ALERT
from The Wall Street Journal


Jan. 20, 2005

Bush was sworn in for his second term as president under tight security. The president will seek "freedom in all the world" as the path to peace, according to the text of his inaugural speech.

FOR MORE INFORMATION, see:
http://online.wsj.com/article/0,,SB1106229...6231317,00.html
Snuffysmith
http://www.washingtonpost.com/wp-dyn/polit...riefing/?sub=AR

White House Briefing
Snuffysmith
Bush Sworn In for Second Term as President

By William Branigin

President Bush, preparing to begin his second term in office, attended a traditional church service this morning as thousands of Americans gathered in snow-chilled Washington under unprecedented security to witness the pageantry of the inaugural events, or in some cases protest against them.

To view the entire article, go to http://www.washingtonpost.com/wp-dyn/artic...er=emailarticle
Snuffysmith
Inauguration Day

IT IS ENTICING to think of Inauguration Day as a fresh start, even for a second-term president: a time to wipe the slate clean, to pocket past victories, forgive old errors and move on. President Bush himself embraced such a vision, from one perspective, when he said last week that he saw no need to hold any senior officials accountable for what critics view as first-term misjudgments about Iraq. "We had an accountability moment, and that's called the 2004 election," he told interviewers from The Post. Mr. Bush's political opponents like to imagine a fresh start from a different perspective. The president, they say, has a chance to be what (in their view) he failed to be the first time around: a uniter, an alliance-builder, a deficit hawk, a Middle East dove.

To view the entire article, go to http://www.washingtonpost.com/wp-dyn/artic...er=emailarticle
Snuffysmith
Cheney Says He Overestimated Iraq Recovery Time

Vice President Dick Cheney said Thursday that he overestimated the pace of Iraq's recovery from the U.S.-led invasion because he didn't realize the lasting devastation wrought by Saddam Hussein on his people after the first Gulf War.

To view the entire article, go to http://www.washingtonpost.com/wp-dyn/artic...er=emailarticle
Snuffysmith
http://www.washingtonpost.com/wp-dyn/polit...riefing/?sub=AR

White House Briefing
Snuffysmith
___________________________________
THE AFTERNOON REPORT

January 20, 2005 -- 12:53 p.m. EST

___________________________________

President Bush took the oath of office for a second term today, pledging to pursue an ambitious agenda -- though his ambitions faced an uphill battle.

Bush Begins Second Term

By MARK GONGLOFF
THE WALL STREET JOURNAL ONLINE

President Bush took the oath of office for a second term today, pledging to pursue an ambitious agenda, including "the expansion of freedom in all the world" and changes in key domestic programs -- but his ambitions faced an uphill battle.

Expanding on a theme he repeated often during last year's presidential campaign, Mr. Bush said that advancing the cause of liberty around the globe would be the best way to keep the U.S. secure. "The survival of liberty in our land increasingly depends on the success of liberty in other lands," he told a crowd of some 100,000 gathered in front of the U.S. Capitol. At home, he pledged to reform "great institutions to serve the needs of our time." His targets for reform include the Social Security system and the tax code. Though he hasn't offered any specific details yet, he is expected to propose some partial privatization of Social Security, as part of his effort to "build an ownership society." And he could eventually suggest gearing the tax code more toward taxing consumption, rather than investment and savings.

But Mr. Bush could get some push-back on those and other issues not only from Democrats, but also from Republicans in Congress, who will still have to face the voters. What's more, second presidential terms have been notoriously difficult in recent history; even fairly popular presidents such as Ronald Reagan and Bill Clinton were distracted by scandal. And Mr. Bush's ambitions face an uphill battle in the wider public, as well. A fresh batch of poll results, from The Wall Street Journal and NBC News and the New York Times and CBS News, among others, shows a public still deeply divided and uneasy with Mr. Bush's handling of the Iraq war and skeptical of his claims about and plans for Social Security. And he begins his second term with the lowest approval rating for a newly re-elected president since World War II. His success could depend on his ability to meet a promise he made in his inaugural address, one he's made before, but has had trouble fulfilling: "We have known divisions, which must be healed to move forward in great purposes," he said, "and I will strive in good faith to heal them."

Ford Profitable, but Shares Fall
While General Motors spins its wheels, rival Ford has gained some traction in the fourth quarter -- though both auto makers have plenty of tough traveling ahead. The No. 2 U.S. auto maker reported a $104 million profit in the fourth quarter, compared with a whopping $793 million loss a year ago. Excluding one-time items, though, Ford's operating profit slipped to $555 million, or 28 cents a share, in the quarter, from $594 million, or 30 cents a share, a year ago. Yesterday, No. 1 auto maker GM reported a 37% drop in quarterly earnings.

Like GM, the main thing keeping Ford from a disastrous quarter was its financing unit; its global auto sales unit slumped to a pretax loss of $470 million from a small profit a year ago. This dependence on its finance unit, which is smaller and less diverse than GM's, could partially explain why Ford's shares dropped more than 2% today. "There's concern over the credit units in an environment of rising interest rates," said Kevin Tynan, an analyst with Argus Research. "It's no secret that the finance units are what have carried the day for these companies. If those aren't getting as good results, and then you have the auto fundamentals still very weak, that's a concern."

Citigroup Tepid on Economy
Citigroup reported a jump in fourth-quarter profit, but was less than enthusiastic about the economic environment in 2005. The world's biggest bank said it earned $5.32 billion, or $1.02 a share, in the fourth quarter, up from $4.76 billion, or 91 cents a share, a year ago. Revenue rose 9% to $21.9 billion. Both earnings and revenue exceeded Wall Street's consensus forecast. But Citigroup's shares fell slightly, in part because Chief Financial Officer Sallie Krawcheck, in a conference call with analysts, said that she was "more comfortable with the bottom end of analyst estimates" for the bank's 2005 earnings "than the top end." Wall Street analysts expect Citigroup to earn between $4.20 and $4.50 a share this year. Though improved credit quality boosted the profits of Citigroup and many other banks last quarter, letting them release cash from the reserves they keep on hand to cover bad loans, Ms. Krawcheck warned not to expect such a boost this year, amid rising interest rates and an economy she described as "good but not great."

Stocks Fall Again
U.S. stocks fell for a second day, again weighed down by troubling earnings reports. Most notable was last night's ''grim" news that eBay's fourth-quarter profit rose sharply fell short of expectations. The online auctioneer also trimmed back its forecast for the first quarter and 2005. Its shares, which jumped 64% last year, plunged more than 17% today. The Dow, meanwhile, fell about 30 points, with about 801 million shares changing hands on the Big Board. The S&P 500 fell about 6 points, while the Nasdaq composite fell about 12 points. Crude-oil futures fell below $47 a barrel on the New York Mercantile Exchange, thanks to a benign U.S. government report on crude-oil inventories. U.S. Treasury bond prices fell, sending interest rates higher. The dollar gained ground against the euro and the Japanese yen. Major European markets fell, as did major Asian markets.

Tax Break Boosts AT&T Profit
AT&T reported an 84% jump in fourth-quarter profit, but more than half of its earnings came from a one-time tax benefit for writing down the value of its long-distance network. AT&T said it earned $625 million, or 78 cents a share, compared with $340 million, or 43 cents a share, in the year-earlier quarter. Excluding the $337 million tax benefit and other one-time items, AT&T's earnings edged Wall Street's forecast. But its revenue continued to dwindle, and it said it expected 2005 revenue to fall short of Wall Street's current estimates. It cited lingering price pressure in its critical corporate-services business, and CEO David Dorman warned in a conference call that he was "not ready to call a bottom in this market yet." It also said it would keep cutting jobs and other costs in 2005, after cutting about 14,000 jobs last year. Its shares fell.

Leading Economic Indicators Rise
A basket of leading economic indicators rose more than expected in December, the Conference Board, a private research firm, said today. Its index of indicators, including consumer expectations, stock prices and money supply, rose 0.2%, edging Wall Street forecasts of a 0.1% gain. November's gain was revised upward, as well, helping to ease some of the jitters that were created when the index fell for five straight months, the kind of slump usually associated with poor economic performance, if not a recession. "It is now more likely that the five-month decline in the leading index was only a pause in the rising trend that has been underway since March 2003," the Conference Board said in its press release.

Delta Posts Whopping Loss
Delta said it lost $2.2 billion, or $16.58 a share, in the fourth quarter, compared with a loss of $327 million, or $2.69 a share, a year ago. Revenue edged higher, to $3.64 billion from $3.61 billion, but the No. 3 U.S. airline was swamped by high fuel and other costs. Similarly, Continental Airlines said it lost $206 million, or $3.12 a share, compared with a profit of $47 million, or 61 cents a share, a year ago. The No. 5 U.S. airline said revenue rose 6.6% to $2.4 billion.

T-Mobile to Cut Jobs
T-Mobile said it could cut up to 2,200 jobs, or about 10% of its work force, in Europe in the next two years. The Deutsche Telekom unit is trying to shed some $1.3 billion in annual costs, amid tight competition in Europe. T-Mobile said that most of the cuts would likely come in Germany -- just another kick in the head for that country's struggling economy.

http://online.wsj.com/afternoonreport

Bush will turn to the same hard-charging machine that helped him win re-election, to overcome opposition to his ambitious second-term agenda. The first issue: Social Security.

http://online.wsj.com/article/0,,SB1106183...tml?mod=djemTAR
Snuffysmith
http://www.nytimes.com/2005/01/20/politics...059&partner=AOL

Bush Starting New Term, Stresses Liberty Abroad
Snuffysmith
First Lady: A More Relaxed Laura Bush Shows Complexity Under Calm

January 20, 2005
By TODD S. PURDUM



A brief visit with Laura Bush as she anticipates the second
inauguration of her husband reveals some of the complexity
that ripples just beneath her surface calm.

http://www.nytimes.com/2005/01/20/national...8fcfb44f2d2a0ff
Snuffysmith
http://discuss.washingtonpost.com/wp-srv/z...iser_012005.htm

Inauguration: Instant Analysis
Robert G. Kaiser
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Rehnquist Swears in Bush Despite Illness

By Gina Holland

A frail but determined William H. Rehnquist fulfilled a promise by swearing in President Bush on Thursday in the chief justice's first public appearance since being diagnosed with cancer three months ago.

To view the entire article, go to http://www.washingtonpost.com/wp-dyn/artic...er=emailarticle


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Fending Off the 'Second-Term Curse'

By David S. Broder

As he takes the oath of office for the second time today, President George W. Bush will confront major challenges, including an unfinished war in Iraq and a looming budget deficit and determined political opposition at home. And he also must overcome what some historians refer to as the "second-term curse" -- the pattern of meager progress and increasing frustration for almost every reelected president in modern times.

To view the entire article, go to http://www.washingtonpost.com/wp-dyn/artic...er=emailarticle
Snuffysmith
___________________________________
THE EVENING WRAP

January 20, 2005 -- 4:49 p.m. EST

President Bush took the oath of office for a second term today, pledging to pursue an ambitious agenda -- though his ambitions faced an uphill battle.


Bush's Tall Order

By MARK GONGLOFF
THE WALL STREET JOURNAL ONLINE


President Bush took the oath of office for a second term today, pledging to pursue an ambitious agenda, including "the expansion of freedom in all the world" and changes in key domestic programs -- but his ambitions faced an uphill battle.

Expanding on a theme he repeated often during last year's presidential campaign, Mr. Bush said that advancing the cause of liberty around the globe would be the best way to keep the U.S. secure. "The survival of liberty in our land increasingly depends on the success of liberty in other lands," he told a crowd of some 100,000 gathered in front of the U.S. Capitol. At home, he pledged to reform "great institutions to serve the needs of our time." His targets for reform include the Social Security system and the tax code. Though he hasn't offered any specific details yet, he is expected to propose some partial privatization of Social Security, as part of his effort to "build an ownership society." And he could eventually suggest gearing the tax code more toward taxing consumption, rather than investment and savings.

But Mr. Bush could get some push-back on those and other issues not only from Democrats, but also from Republicans in Congress, who will still have to face the voters. What's more, second presidential terms have been notoriously difficult in recent history; even fairly popular presidents such as Ronald Reagan and Bill Clinton were distracted by scandal. And Mr. Bush's ambitions face an uphill battle in the wider public, as well. A fresh batch of poll results, from The Wall Street Journal and NBC News and the New York Times and CBS News, among others, shows a public still deeply divided and uneasy with Mr. Bush's handling of the Iraq war and skeptical of his claims about and plans for Social Security. And he begins his second term with the lowest approval rating for a newly re-elected president since World War II. His success could depend on his ability to meet a promise he made in his inaugural address, one he's made before, but has had trouble fulfilling: "We have known divisions, which must be healed to move forward in great purposes," he said, "and I will strive in good faith to heal them."

Citigroup Tepid on Economy
Citigroup reported a jump in fourth-quarter profit, but was less than enthusiastic about the economic environment in 2005. The world's biggest bank said it earned $5.32 billion, or $1.02 a share, in the fourth quarter, up from $4.76 billion, or 91 cents a share, a year ago. Revenue rose 9% to $21.9 billion. Both earnings and revenue exceeded Wall Street's consensus forecast. But Citigroup's shares fell slightly, in part because Chief Financial Officer Sallie Krawcheck, in a conference call with analysts, said that she was "more comfortable with the bottom end of analyst estimates" for the bank's 2005 earnings "than the top end." Wall Street analysts expect Citigroup to earn between $4.20 and $4.50 a share this year. Though improved credit quality boosted the profits of Citigroup and many other banks last quarter, letting them release cash from the reserves they keep on hand to cover bad loans, Ms. Krawcheck warned not to expect such a boost this year, amid rising interest rates and an economy she described as "good but not great."


They Might be Giants
The two stories were most likely unrelated, but they both involved the unexpected appearance of gargantuan beings. In the first, hundreds of gigantic squid have been washing up on beaches in Orange County, Calif., since Tuesday. They are apparently Humboldt squid, elusive predators that can grow up to six feet in length and are usually only found in very deep water. Officials had no explanation for the mass beaching of the massive creatures.

In the second story, a woman in Sao Paulo, Brazil, gave birth on Tuesday to a baby boy weighing a healthy 16.7 pounds. That's more than double the average weight of baby boys born in Brazil (or the U.S., for that matter). That's also heavier than the largest bowling ball allowed for use by the American Bowling Congress. The baby was delivered via Caesarean section, "obviously," the director of Sao Paulo's Albert Sabin Maternity Hospital told the Associated Press.
Snuffysmith
Bush's
WASHINGTON – In his four years in office, President Bush appears to have taken to heart at least one important aspect of governing the United States: the power of an overarching vision.

Where his father famously eschewed the vision thing, Mr. Bush in his inaugural address promoted the theme of freedom as a hinge on which virtually all his foreign and domestic policies turn. And he laid it out as a guiding course - promoting freedom as the task of Americans for generations past and generations to come.

Read more:
http://www.csmonitor.com/2005/0121/p01s02-uspo.html?s=mespo
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NEW ANALYSIS
The President's Speech Focuses on Ideals, Not the Details
By TODD S. PURDUM
President Bush's speech cast his presidency as a seamless
struggle in defense of the nation's founding creed: freedom.

http://www.nytimes.com/2005/01/21/national...1assess.html?th
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Love Him or Hate Him, All Vie for a Good Perch
By SHERYL GAY STOLBERG
At least for a day in Washington, politics gave way to an
old-fashioned civics lesson on the merits of democracy,
warts and all.

http://www.nytimes.com/2005/01/21/national...21scene.html?th
Snuffysmith
QUOTATION OF THE DAY -

"The best hope for peace in our world is the expansion of freedom in all the world."
- PRESIDENT BUSH

http://www.nytimes.com/2005/01/21/national...21inaug.html?th
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- THE PRESIDENTIAL INAUGURATION -
Complete Coverage
NYTimes.com's coverage of the presidential inauguration includes an overview of the ceremony, an analysis of the Inaugural Address, and a look ahead at President Bush's second term. With slide shows of the various events.
http://www.nytimes.com/pages/national/nati...2/index.html?th
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Are We Headed in the "Right" Direction?

President Bush was just sworn in for his second-term and
we want to know what you think. Is he leading the country
in the right direction? What will be the big issues over
the next four years? Who might be Bush's successor in 2008?
Tell us your thoughts in the PollingPoint Inauguration Survey.

http://ads.nyt.com/th.ad/th-2005polimetrix...oint.com/357163
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Bush, at 2nd Inaugural, Says Spread of Liberty Is the
'Calling of Our Time'
By ELISABETH BUMILLER and RICHARD W. STEVENSON
George Walker Bush, sworn in as president, told Americans
that the nation's "vital interests and our deepest beliefs
are now one."

http://www.nytimes.com/2005/01/21/national...21inaug.html?th
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A.C.L.U. Will Consider Disciplining 2 Officials
By STEPHANIE STROM
Wendy Kaminer and Michael Meyers, two board members, could
be removed for criticizing the executive director and the
executive committee.

http://www.nytimes.com/2005/01/21/national/21aclu.html?th
Snuffysmith
Top Foe of Affirmative Action Leaves California Regents
By DEAN E. MURPHY
Ward Connerly, a black Sacramento millionaire who for a
decade has led a crusade against race preferences, is
leaving his bully pulpit at the University of California.

http://www.nytimes.com/2005/01/21/national...onnerly.html?th

..................

More National News
http://www.nytimes.com/pages/national/index.html?th
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POLITICAL MEMO
Off the Podium, '08 Race Lurks as a Source of Discord
By ADAM NAGOURNEY
There was an atmosphere of uncertainty that shadowed
Thursday's festivities and is poised to influence politics
and policy until the 2008 election.

http://www.nytimes.com/2005/01/21/national.../21memo.html?th
Snuffysmith
G.O.P. Irate Over Delay on Rice Vote
By CARL HULSE
Republicans in Congress seethed Thursday over Democrats'
refusal to allow a quick vote on Condoleezza Rice's
confirmation as secretary of state.

http://www.nytimes.com/2005/01/21/politics...ongress.html?th

.
More Washington News
http://www.nytimes.com/pages/politics/index.html?th
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TODAY'S EDITORIALS
The Inaugural Speech
President Bush's speech did not seem in danger of becoming
immortal, but its universal intent suited the day.

http://www.nytimes.com/2005/01/21/opinion/21fri1.html?th
Snuffysmith
New Strategies for Curbing Recidivism
Lawmakers are finally realizing that controlling prison
costs means controlling recidivism - by helping newly
released people establish viable lives once they get out of
jail.

http://www.nytimes.com/2005/01/21/opinion/21fri2.html?th
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