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Tuesday, October 2, 2012

President of Georgia Admits Defeat in Parliamentary Elections

Georgian President Mikheil Saakashvili conceded on Tuesday that his party had lost parliamentary elections to a coalition led by local billionaire Bidzina Ivanishvili. The elections mark the first peaceful transfer of power between parties in Georgia since the country emerged from the breakup of the Soviet Union in 1991. “According to preliminary results, it is clear that Georgian Dream obtained a majority in this election”, said Saakashvili in an televised address. “I will do everything to make their work comfortable”, continued the president. Ivanishvili reacted by stating that most of Saakashvili’s reforms were a joke and that his ideology “was all based on lies”. His remarks indicate a turbulent period ahead for Georgia, as Saakashvili will remain president for another year.

Ed Miliband Says Labour Is The “One Nation” Party During Conference Speech

Ed Miliband, the leader of the Labour Party, delivered the keynote speech to his party’s conference in Manchester on Tuesday. The leader of the opposition said that he was committed to “one nation” politics, saying that Britain could overcome its hurdles by cooperation much like the one shown during the Olympics, “when we came together as a country, we worked together as a country, we joined together as a country”. He said he had been inspired by Benjamin Disraeli, the 19th century Prime Minister who first came up with the concept. Miliband said the genius of one nation was that it didn’t “just tell us the country we can be, it tells us how we must rebuild. We won the War because we were one nation, we built the peace because Labour governments and Conservative governments understood we needed to be one nation”. The next U.K. general elections are not expected before 2015, but Miliband’s speech could help solidify his position and unite the party. Doubts had been cast about his leadership qualities since his accession in September 2010.

Pope’s Former Butler Claims He Suffered Abuses After Being Detained

A Vatican judge has ordered an investigation into abuses by the country’s police forces after a detainee, a former butler of Pope Benedict, claimed he was held in a small room with the lights constantly on for weeks on end and that these conditions permanently damaged his eyesight. Paolo Gabriele, who was detained for stealing papal documents and leaking them to the media, is on trial for his actions. “Concerning the accusation of aggravated theft, I declare myself innocent. I feel guilty for having betrayed the trust that the Holy Father gave me, whom I love like a son,” said Gabriele. The memos leaked by the former butler contained reports of corruption and fraud among Vatican senior officials. He told the court he was driven to act because he thought the Pope was being “manipulated”.

JP Morgan Sued by the State of New York For Defrauding Investors

New York State Attorney General Eric Schneiderman announced that he will sue JPMorgan Chase & Co., the biggest U.S. bank, for defrauding mortgage-bond investors. Schneiderman filed a complaint in the New York State Supreme Court alleging that investors incurred “monumental losses” after investing in securities sold by Bear Stearns, a bank taken over by JP Morgan in 2008. “Defendants systematically failed to fully evaluate the loans, largely ignored the defects their limited review did uncover, and kept investors in the dark about both the inadequacy of their review procedures and the defects in the underlying loans”, said the Attorney General’s office. Schneiderman will now attempt to make the bank return all the money it obtained in connection with the fraud or as a result of it.

White House Confirms Cyber-Attack on Systems, Says No Classified Data Taken

A U.S. official speaking on condition of anonymity to the Associated Press confirmed that the White House had been the target of a cyber-attack, but said that the breach had not reached any classified information. The claims, first made by the conservative Washington Free Beacon newspaper, stated that Chinese hackers had broken into the military office responsible for handling the president’s nuclear launch commands. The official heard by the AP would not say whether the attacks originated from China or were directed at the White House Military Office. “These types of attacks are not infrequent”, said the official, adding that there were measures in place to mitigate such breaches of security.

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