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WEEKLY REVIEW

Friday, 12 July 2002


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President Bush said that the U.S. would "use all the tools at our disposal" to depose Saddam Hussein; a "regime change" in Iraq is "the stated policy of this government". Iraq's refusal to agree to the resumption of UN weapons inspections "indicates it continues to develop weapons of mass destruction", the State Department said. Israeli officials sealed at gunpoint the offices of a Palestinian university in Jerusalem for allegedly supporting Yasser Arafat. Afghanistan observed a day of mourning after Vice President Abdul Qadir was killed by two gunmen. Qadir is widely thought to have been involved in the opium trade. Iran sent 15 battalions to the border regions it shares with Pakistan and Afghanistan and is planning new anti-terrorism laws. The Justice Department secretly deported 131 Pakistani detainees held since the September 11 attacks, none of whom were charged with a crime; of the original 1,100 persons detained after September 11, 74 remain in custody.

Bush gave a speech intended to bolster confidence on Wall Street; "all investment is an act of faith," he said, "in the long run, there is no capitalism without conscience, there is no wealth without character". SEC documents released by the Center for Public Integrity suggest that as a board member Bush was "initially uncooperative" with the SEC's 1990 investigation of possible insider trading at Harken Energy. The Senate authorized new penalties for corporate fraud, including a 10-year prison term for securities fraud and stiffer penalties for CEOs and CFOs who certify false financial reports. Bush refused to commit to signing legislation containing the new penalties. A judge in Kansas City sentenced two men to lecture students about the "evils of financial fraud" as part of their plea agreement stemming from charges of conspiracy in a land fraud scheme. A lawsuit was filed against VP Dick Cheney for fraudulent accounting practices, which lead to the inflation of Halliburton shares. Bristol-Meyers Squibb is under SEC investigation for possibly misstating 2001 revenues by up to $1 billion. The House voted 310 to 113 to approve a bill that permits airline pilots to carry guns on the job after receiving training and requires self-defense training for all flight attendants. The bill is not expected to pass in the Senate.

Jeremy Morse, a white police officer in Inglewood, CA, was placed on administrative leave after a tourist's videotape showed him beating and choking a handcuffed 16-year-old African American boy. The tourist was subsequently arrested on outstanding warrants. Al Unser Jr., two-time winner of Indy 500, was arrested for domestic battery of his girlfriend, Jena Soto, who fled the car Unser was driving; when arrested, Unser denied knowing Soto. Paul R. Shanley, a retired Catholic priest central to the child sex abuse scandal in Boston, pleaded innocent to 10 counts of child rape and six of indecent assault and battery; the Archdiocese of Boston began receiving complaints about Shanley in 1967.

The Senate approved, 60 to 38, a $58 billion plan to store up to 70,000 tons of nuclear waste at the Yucca Mountain facility, 90 miles northwest of Las Vegas, overriding the governor of Nevada's veto of the project. Scientists at SUNY Stony Brook have synthesized functional polio viruses using polio virus RNA and other inert chemicals obtained by mail-order. UK Home Secretary reclassified marijuana as a Class C drug, making it the criminal equivalent of steroids and anti-depressants. Health Secretary Tommy Thompson, in Barcelona to give a speech at the international AIDS conference, was booed from the stage by ACT UP protesters who claimed that countries like Norway, Sweden, and Rwanda give more, per capita of GDP, to the UN Global AIDS Fund than the U.S. 75% of people in China know neither that AIDS is caused by a virus nor how they can prevent themselves from being infected by it; about 15% of China has never heard of AIDS. The University of the Western Cape powered up the first supercomputer in Africa to be used solely for research, including the work of AIDS researchers. A new, HIV-positive character will join the cast of Sesame Street; it's likely to be a 5-year old female, "monster muppet" character like Grover or Elmo.

Robert Ballard discovered the site of John F. Kennedy's PT-109, torpedoed in 1943 by a Japanese destroyer, in 1,200 feet of water near the Solomon Islands. Ex-mayor of New York City Rudolph Giuliani and Donna Hanover reached a divorce settlement in which Giuliani is to pay Hanover more than $6.8 million. A Rubens painting, "The Massacre of the Innocents", sold for 50 million pounds sterling at Sotheby's. Paleontologists in Chad, Central Africa, found a largely intact skull, nicknamed "Toumai", that is 7 million years old, making it the earliest evidence of a pre-human ancestor. 'N Sync's Lance Bass arrived at the Russian Space Agency's cosmonaut training center last week, continuing his attempt to become the next space tourist. Bob Barker had prostate surgery. Ted Williams and Rod Steiger died. The location of Williams' remains are unknown and the subject of a court battle. After 11 innings, the All-Star game was halted in a tie.


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