Thursday, August 25, 2011

Newsdome: Muammar and Condoleezza sitting in a tree

Posted By on Thu, Aug 25, 2011 at 10:58 AM

Muammar Qaddafi
>> Libyan rebel forces have taken most of Tripoli and are pushing toward Muammar Qaddafi's hometown of Sirte today. The UN is expected to vote to release $1.5 billion in previously frozen assets to aid the rebels, though the African Union has not recognized the rebel leadership yet. I wonder if Condoleezza Rice, Qaddafi's "darling black African woman," could have talked some sense into him. (BBC, MSNBC)

>> Steve Jobs resigned as CEO of Apple yesterday due to health reasons. Jobs is credited with turning the once failing company into "the most valued US corporation." COO Tim Cook will replace Jobs, making him into what Gawker calls "an icon for gay advancement." Grindr will now come standard on all iPhones. (USA Today, Gawker)

>> Google settled with the U.S. Justice Department today for $500 million, "one of the largest forfeitures ever paid in the U.S.," over online ads for an illegal Canadian pharmacy. Google says they "shouldn't have allowed these ads on Google in the first place." The U.S. says corporate settlements will save us from our crumbling economy. (the Washington Post)

>> Warren Buffet's investment company Berkshire Hathaway is giving Bank of America $5 billion to aid in the current economic crisis, with shares already up 22 percent. The company gave billions to Goldman Sachs during the previous recession too. Warren, over here, what about me? (the Wall Street Journal)

>> And finally: The ten year anniversary of 9/11 is coming up next month, so what happened to the $1.5 billion that Americans donated to victims? Much of the donations went to families, but many charities can't point to where the money ended up. A group that raised $700,00 for a memorial quilt never made one, with a third of the money going to the charity's founder. Now that's the American spirit. (AP)

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