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...earliest supporters - including Republican Congressman Mark Souder of Indiana and former office director John DiIulio - strongly criticized the way the Bush White House handled the effort and cut funds for social services. "The Bush Administration pushed hard on the things that created the most controversy and made it look more controversial than it is," says Melissa Rogers, professor at Wake Forest University's divinity and law schools...
...Luckily, one doesn't have to travel far from Shaoshan and its blaring patriotic songs and armies of hawkers to find a more nuanced and interesting look at modern China. The birthplace of Liu Shaoqi, another communist leader and Mao's contemporary, lies an hour's drive from Shaoshan in Ningxiang county. Liu's memorial is quiet and forested. Once you pass through the entry gates there are no touts or trinket stands, and noticeably fewer visitors. Liu was known as a practical, down-to-earth official. During an inspection tour of the region in 1961, he learned...
...face of the criticism, Obama sent out signals on Tuesday that he was prepared for a rethink. He did not promise to remove "buy American" but said he would take another look at the language in the bill. "I think we need to make sure that any provisions that are in there are not going to trigger a trade war," he told TV network ABC. And speaking to Fox News, he said, "I think it would be a mistake though, at a time when worldwide trade is declining, for U.S. to start sending a message that somehow we're just...
...arrested his cousin, Gopalakrishna Raju, who heads a sister company, for "concealing and causing disappearance of evidence"- mainly documents related to property acquisitions. Although an independent body under the central Ministry of Corporate Affairs, the Serious Crimes Investigation Office, has been investigating the case, it has a mandate to look mainly at violations of corporate law and not issues that affect Satyam's shareholders and the markets...
...With the high court's blessing, SEBI may now be able to look into possible insider-trading violations revolving around the sale of 3,600,000 shares of Satyam stock in the months before the fraud came to light, as well as embezzlement and a host of other possible transgressions. According to reports in Indian newspapers, investigators for the Andhra Pradesh Crime Investigation Division have discovered Satyam funds were diverted into Maytas Properties and Maytas Infrastructure, property companies owned by the Raju family. Two senior partners of Satyam's auditors, Price Waterhouse, S. Gopalakrishnan and Srinivas Taluri, have also been...