DreamWorks Deal Reshapes Hollywood Powerhouses
Paramount agrees to acquire DreamWorks SKG for nearly 1 billion in cash, aims to rescue both studios from downturns. The move ends an 11 year dream for Steven Spielberg Jeffrey Katzenberg and David Geffen as Paramount also takes on 825 million in debt.
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Baghdad TV connects expatriates to Iraqi election casting
Expatriate voter Altahan in Los Angeles relies on Baghdad TV Al Iraqiya to follow debates among numerous Iraqi parliamentary candidates. He fled Iraq decades ago and now invests in real estate, noting many expatriates do not know the candidates.
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Democrats test themes for 06 and 08 voting
Florida Democrats at a weekend convention discuss themes for 2006 and 2008 campaigns. Leaders named include John Edwards Iowa Gov Tom Vilsack and Virginia Gov Mark Warner as potential presidential contenders emphasize nationalism and sacrifice for the greater good. The mood reflects national hunger for unity and purpose.
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Iraqis begin voting today in hospitals and jails
Iraqis vote today in hospitals military camps and prisons as the process for a new 275 member parliament opens amid security concerns and U S efforts to quell the insurgency. Officials prepare border closures extended curfew and travel limits ahead of the main election.
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Concerns over U S treatment of captives clouding rights image
Washington faces scrutiny over secret prisons and extraordinary rendition in Eastern Europe. Critics warn such practices threaten U S credibility as a defender of human rights while officials deny torture and pledge accountability. Condoleezza Rice tours Europe defending administration policy.
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Fed seen likely to raise rates again this year
Washington economists expect the Fed to raise the federal funds rate by a quarter point at the next meeting, lifting it to 4.25 percent. The move would mark the 18th consecutive rate increase and fans debate on future cuts and the trajectory of policy beyond Greenspan.
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