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Nazi warplane lying off UK coast is intact
Iceland rejects debt deal to repay UK, Dutch
Final results showed the "no" side had just under 60 percent of the votes and the "yes" side about 40 percent.
The result reflects Icelanders' anger at having to pay for the excesses of their bankers, and complicates the country's recovery from economic meltdown.
It is the second time voters have defeated a bid to settle the bitter dispute stemming from the collapse of Iceland's high-flying banking sector in 2008, and the government said it would be the last.
"We are at the end of the road of a negotiated solution," said Finance Minister Steingrimur Sigfusson.
He said Iceland would now opt for "Plan B," with the dispute going to the European Free Trade Association court, which could impose harsher terms on Iceland than those rejected in Saturday's vote.
Britain and the Netherlands said they would fight to get back the money they spent compensating their citizens who had accounts in the failed bank, Icesave.
Dutch Finance Minister Jan Kees de Jager said the referendum result "is not good for Iceland and also not good for the Netherlands."
"The time for negotiations has passed," he said. "Iceland still has the obligation to pay us back. This is now a case for the courts."
British Treasury minister Danny Alexander said "we have an obligation to get that money back, and we will continue to pursue that until we do."
"We have a very, very difficult financial position as a country," Alexander told the BBC. "This money, of course, would help."
Icelandic Prime Minister Johanna Sigurdardottir said the results were disappointing but she would try to prevent political and economic chaos ensuing. Sigfusson said the result would have no effect on Iceland's existing debt repayments and would not derail its bid for European Union membership.
A tiny North Atlantic nation with a population of just 320,000, Iceland went from economic wunderkind to financial basket case almost overnight when the credit crunch took hold.
Its major banks — which had expanded to dwarf the rest of Iceland's economy during a decade of credit-fueled boom — collapsed within a week in October 2008, its krona currency plummeted and protests toppled the government.
The savings of Icelandic citizens were protected by an unlimited domestic deposit guarantee, but no such rule applied to the many foreigners attracted to Icelandic banks by their high-interest accounts.
Some 340,000 British and Dutch savers had deposited more than $5 billion in Icesave. After Icesave collapsed, British and Dutch authorities borrowed money to compensate their citizens, then turned to Iceland for repayment.
The dispute has grown acrimonious, with Britain and the Netherlands threatening to block Iceland's bid to join the European Union unless it is resolved.
Failure to approve a deal also stalled installments from a $4.6 billion loan from the International Monetary Fund.
Sigfusson said the government would hold talks with those who have loaned Iceland money — the IMF, the Nordic nations and Poland — in the wake of the referendum defeat.
"We have made substantial progress moving out of the crisis in 2008, and we intend to keep on doing so despite this outcome," he said.
Icelanders overwhelmingly rejected a previous deal in a referendum last year, but the government had hoped a new agreement on better terms would win approval.
The Icesave debt was initially set at $5.3 billion — a crippling burden for the tiny country — but backers of the rejected deal said it would cost Iceland just under 50 billion kronur ($444 million), with the recovered assets of Icesave's parent bank, Landsbanki, covering the majority of the debt.
The deal was reached in December after long negotiations among the three countries and approved by Iceland's parliament in January. But President Olafur Ragnar Grimsson vetoed it amid strong public opposition.
The president hailed the referendum, and the high voter turnout of 75 percent, as a cathartic step for Iceland.
He said the financial collapse had "paralyzed the nation's will and sapped the courage of our people."
"The two referendums on the Icesave issue have enabled the nation to regain its democratic self-confidence and to express sovereign authority in its own affairs and thus determine the outcome in difficult issues," Grimsson said.
Opposition politicians called on the government to hold new elections, but Sigfusson said the left-of-center coalition would not resign.
"This was a referendum on the Icesave case, not on the government," he said.
___
David MacDougall in Reykjavik, Jill Lawless in London and Toby Sterling in Amsterdam contributed to this report.
(This version CORRECTS Adds voter turnout, quote from president. Corrects president's name to Grimsson, not Grisson. This story is part of AP's general news and financial services.)
Thursday, October 9, 2008
ATC World News Headlines for october 9, 2008
- 2 missing Americans detained in Syria AP - 9 minutes ago
DAMASCUS, Syria - Two American journalists whose disappearance prompted a U.S. Embassy alert and a wide search turned up in Syrian custody Thursday after being detained while trying to sneak into the country with smugglers, Syrian officials said.
- Clashes erupt in mixed Arab-Jewish city in Israel AP - 19 minutes ago
ACRE, Israel - Arabs and Jews traded blows and threw rocks in this northern Israeli city on Thursday, in a second day of sectarian violence that marred the somber Jewish holiday of Yom Kippur.
- Shiite politician assassinated in Baghdad AP - 1 hour, 15 minutes ago
BAGHDAD - A roadside bomb killed a prominent member of Muqtada al-Sadr's political movement Thursday, raising fears of new internal Shiite bloodshed ahead of regional elections expected in January.
Europe News
- Putin: US image damaged forever over economy woes AP - 12 minutes ago
MOSCOW - The financial crisis has irreparably damaged the image of the U.S. as the leader of the free world and the global economy, Russian Prime Minister Vladimir Putin said Thursday.
- North Korea preparing to restart atomic facility AP - 21 minutes ago
VIENNA, Austria - North Korea moved closer Thursday to relaunching its nuclear arms program, announcing that it wants to reactivate the facility that produced its atomic bomb and banning U.N. inspectors from the site.
- Russia official blasts "secretive" UN-NATO deal AP - 58 minutes ago
MOSCOW - Moscow on Thursday accused NATO and the United Nations of secretly forging an agreement that tightens their cooperation without informing Russia, a U.N. Security Council member whose relations with NATO are badly strained.
Latin America
- AP Enterprise: Some at Gitmo see US as ally AP - 57 minutes ago
SAN JUAN, Puerto Rico - A Chinese Muslim locked up at Guantanamo Bay may soon be granted an improbable wish: To move to the United States.
- Mexico unveils emergency spending to combat crisis AP - Thu Oct 9, 12:47 AM ET
MEXICO CITY - President Felipe Calderon on Wednesday unveiled plans for 53 billion pesos ($4.4 billion) in emergency spending on roads, schools, hospitals and an oil refinery next year to help Mexico combat the world financial crisis.
- Mexico: 16 killed in rough border state AP - Thu Oct 9, 12:05 AM ET
TIJUANA, Mexico - Mexican authorities said Wednesday that 16 people were killed in 24 hours in the northern state across the U.S. border from California.
Africa News
- Sudan's Beshir rejects 'made up' warcrimes claims AFP - 19 minutes ago
LONDON (AFP) - Sudanese President Omar al-Beshir rejected the allegations of war crimes against him as "made up" and said mass rape "does not exist" in Darfur, in an interview broadcast here Thursday.
- AU chairman worried financial crisis could curb aid to Africa AFP - 44 minutes ago
DAR ES SALAAM (AFP) - Tanzanian President Jakaya Kikwete, current chairman of the African Union, expressed concern Thursday that the global financial crisis may curtail foreign aid to the continent.
- Sudan leader says allegations against him "fabricated" Reuters - 53 minutes ago
LONDON (Reuters) - Sudan's President Omar Hassan al-Bashir said Thursday that war crimes allegations against him were fabricated and the people would decide in elections next year if the country's rulers were criminals.
Asia News
- Dalai Lama hospitalized following checkup AP - 4 minutes ago
NEW DELHI - The Dalai Lama's spokesman says the Tibetan spiritual leader has been hospitalized in New Delhi.
- North Korea preparing to restart atomic facility AP - 21 minutes ago
VIENNA, Austria - North Korea moved closer Thursday to relaunching its nuclear arms program, announcing that it wants to reactivate the facility that produced its atomic bomb and banning U.N. inspectors from the site.
- Maldives leader faces runoff in 1st free election AP - 36 minutes ago
MALE, Maldives - Maumoon Abdul Gayoom celebrated his top showing Thursday in the Maldives' first democratic election, but the nation's longtime ruler failed to win a majority and will now face his chief nemesis in a runoff.
Canada
- Toronto stocks plunge as confidence fades anew Reuters - 11 minutes ago
TORONTO (Reuters) - The main index of the Toronto Stock Exchange plunged almost 5 percent on Thursday as mounting gloom over the state of the economy and the U.S. financial sector sent investors fleeing the market in a broad rout.
- Canada's Afghan war costs higher than estimated Reuters - 2 hours, 31 minutes ago
VANCOUVER, British Columbia (Reuters) - Canada's Afghanistan mission has cost much more than publicly stated, a government report estimated on Thursday, but Prime Minister Stephen Harper pledged troops will stay until 2011 no matter who wins next week's Canadian election.
- Harper says he could lose election Reuters - 1 hour, 59 minutes ago
RICHMOND, British Columbia (Reuters) - Prime Minister Stephen Harper, battered over his response to the worldwide financial crisis, acknowledged on Thursday he could lose the October 14 election that he had seemed set to win handily only two weeks ago.
Australia/Antarctica News
- Qantas plane had glitch before altitude plunge AP - Thu Oct 9, 5:29 AM ET
SYDNEY, Australia - Qantas Airways said Thursday it will financially compensate all passengers who were on board a plane that made a terrifying plunge this week, tossing people around the cabin and injuring dozens.
- Computer glitch may have caused Qantas plunge: investigator AFP - Wed Oct 8, 9:23 AM ET
PERTH, Australia (AFP) - A computer glitch may have caused a Qantas jet to plunge mid-flight, an investigator said Wednesday as passengers told how they were slammed against the cabin roof in the terrifying drama.
- Australia intercepts 17 more suspected asylum seekers at sea AFP - Tue Oct 7, 2:57 AM ET
SYDNEY (AFP) - The Australian Navy has detained 17 suspected asylum seekers at sea just a week after a boatload of Afghans, Iranians and Indonesians was intercepted off the country's coast, officials said Tuesday.
Most Popular World News
- Iceland teeters on the brink of bankruptcy AP - Tue Oct 7, 3:40 PM ET
REYKJAVIK, Iceland - This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown.
- France's Le Clezio wins Nobel literature prize AP - Thu Oct 9, 7:26 AM ET
STOCKHOLM, Sweden - French novelist Jean-Marie Gustave Le Clezio won the 2008 Nobel Prize in literature on Thursday for his poetic adventure and "sensual ecstasy."
- 2 missing Americans detained in Syria AP - 9 minutes ago
DAMASCUS, Syria - Two American journalists whose disappearance prompted a U.S. Embassy alert and a wide search turned up in Syrian custody Thursday after being detained while trying to sneak into the country with smugglers, Syrian officials said...
ATC World. We Bring You The News!
Tuesday, October 7, 2008
World News Headlines for october 7, 2008

Middle East News
- Iraq's FM: 'Bold' decisions needed on bases deal AP - 59 minutes ago
BAGHDAD - The Iraqi foreign minister said Tuesday it will require "bold political decisions" to resolve the major issue standing in the way of a deal allowing American troops to remain here next year — who would try U.S. troops accused of crimes.
- Iran forces down Hungarian flight AP - 1 hour, 24 minutes ago
TEHRAN, Iran - Iran forced an aircraft carrying Hungarian military officials to land after it entered its airspace, Hungary's Defense Ministry said Tuesday. The plane was allowed to continue to Afghanistan after it was determined the entry was accidental.
- Turkish jets bomb Kurdish targets in Iraq, Turkey AP - 2 hours, 52 minutes ago
ANKARA, Turkey - Turkish warplanes bombed suspected Kurdish rebel positions in northern Iraq and southeast Turkey early Tuesday in retaliation for an attack that killed 17 soldiers, the Turkish military said.
Europe News
- UK set to launch bank rescue deal Reuters - 23 minutes ago
LONDON (Reuters) - Britain's Finance Minister Alistair Darling will announce a rescue package for the UK banking system on Wednesday and a government source said it was likely to include public money being injected into banks.
- Far-right Austria governor isolates asylum seekers AP - 29 minutes ago
VIENNA, Austria - Powerful far-right politician Joerg Haider has set up a holding facility in the remote mountains of southern Austria for asylum seekers suspected as criminals, saying they need to be isolated to protect the people in the area.
- Europe Struggles for a Response to the Bank Crisis Time.com - 48 minutes ago
Some analysts say the case-by-case approach of national governments is undermining confidence rather than bolstering it
Latin America
- Tropical Storm Marco hits Mexico's Gulf coast AP - 2 hours, 1 minute ago
VERACRUZ, Mexico - Tropical Storm Marco roared ashore on Mexico's Gulf coast with near-hurricane force winds on Tuesday, prompting a shutdown of some oil platforms.
- Official links Mexican drug gangs, Colombia rebels AP - 2 hours, 53 minutes ago
MEXICO CITY - Mexico's powerful drug cartels are buying drugs directly from Colombia's main rebel group, a senior Colombian defense official said Tuesday at a hemispheric meeting on crime.
- Tropical Storm Marco roars ashore on Mexico's Gulf AP - Tue Oct 7, 10:59 AM ET
MEXICO CITY - The U.S. National Hurricane Center says Tropical Storm Marco is hitting land north of Mexico's Veracruz port on the Gulf coast.
Africa News
- UN rights chief, Amnesty, criticise SAfrica over xenophobia AFP - 11 minutes ago
JOHANNESBURG (AFP) - The UN human rights chief Tuesday urged South Africa to do more to stop xenophobic violence, as Amnesty International said officials had failed to help foreigners displaced by the attacks.
- UN calls for action to fight pirates off Somalia AP - 27 minutes ago
UNITED NATIONS - The U.N. Security Council unanimously passed a resolution Tuesday calling on all countries with a stake in maritime safety off Somalia to send naval ships and military aircraft to confront growing piracy there.
- Anti-coup protesters clash with police in Mauritania AFP - 40 minutes ago
NOUAKCHOTT (AFP) - Police in military-ruled Mauritania clashed Tuesday with protesters supporting ousted president Sidi Ould Cheikh Abdallahi, as the African Union urged the junta to reinstate the elected leader.
Asia News
- NKorea reportedly fires missile into Yellow Sea AP - 46 minutes ago
TOKYO - North Korea has fired a short-range missile into the Yellow Sea, media reports said Tuesday.
- Chinese lawyers face pressure to drop milk cases AP - 1 hour, 22 minutes ago
BEIJING - Lawyers advising the families of children sickened in China's tainted milk scandal said Tuesday they are facing growing official pressure to withdraw from the cases.
- NKorea fires short-range missiles: Yonhap AFP - 1 hour, 28 minutes ago
SEOUL (AFP) - North Korea has fired two short-range missiles into international waters in the Yellow Sea as part of a routine military drill, South Korea's Yonhap news agency said early Wednesday, quoting a defence source.
Canada
- Liberals mull higher deposit insurance Reuters - 5 minutes ago
VANCOUVER, British Columbia (Reuters) - The leader of Canada's main opposition party, Stephane Dion, said on Tuesday he would consider following the lead of other countries in raising the insurance limit on banking deposits.
- Harper says Afghan mission can't last indefinitely Reuters - 43 minutes ago
OTTAWA (Reuters) - The history of Afghanistan demonstrates that foreign troops cannot stay there indefinitely in an attempt to completely suppress all insurgency, Canadian Prime Minister Stephen Harper said on Tuesday.
- Economy might just cost Tories the election Reuters - 2 hours, 8 minutes ago
OTTAWA (Reuters) - The slide in the polls for Prime Minister Stephen Harper's Conservatives has been so steep as voter worry over the state of the economy has heightened that the possibility of his losing the upcoming general election is now being raised.
Australia/Antarctica News
- Dozens injured in Qantas mid-air jet drama AFP - Tue Oct 7, 7:44 AM ET
PERTH, Australia (AFP) - Thirty-six passengers and crew were injured, some seriously, in a mid-air drama that forced a Qantas jetliner to make an emergency landing, the Australian carrier and police said on Tuesday.
- Australia intercepts 17 more suspected asylum seekers at sea AFP - Tue Oct 7, 2:57 AM ET
SYDNEY (AFP) - The Australian Navy has detained 17 suspected asylum seekers at sea just a week after a boatload of Afghans, Iranians and Indonesians was intercepted off the country's coast, officials said Tuesday.
- Australians bid farewell to 'g'day mate': report AFP - Sun Oct 5, 11:14 AM ET
SYDNEY (AFP) - Australians who sound like crocodile hunter Steve Irwin or Crocodile Dundee actor Paul Hogan could soon be a relic of the past, a report said on Sunday.
Most Popular World News
- Nepal appoints 3-year-old as new living goddess AP - Tue Oct 7, 9:59 AM ET
KATMANDU, Nepal - Hindu and Buddhist priests chanted sacred hymns and cascaded flowers and grains of rice over a 3-year-old girl who was appointed a living goddess in Nepal on Tuesday.
- Kenya deports US author of anti-Obama book AP - 2 hours, 23 minutes ago
NAIROBI, Kenya - The American author of a controversial book accusing Barack Obama of seething with "black rage" and of being unfit for the U.S. presidency was kicked out of Kenya on Tuesday.
- Russia's Jerusalem land claim worries Israelis AP - Tue Oct 7, 6:59 AM ET
JERUSALEM - The Russians are coming to downtown Jerusalem, reclaiming ownership of a landmark with the approval of the Israeli government, just as Prime Minister Ehud Olmert visits Moscow to try to iron out serious policy differences between the two countries.
Thursday, October 2, 2008
AMY GOODMAN, HOST OF DEMOCRACY NOW!, FIRST JOURNALIST TO WIN

New York City, NY –
The Right Livelihood Award was established in 1980 to honor and support those "offering practical and exemplary answers to the most urgent challenges facing us today". Goodman has been selected for “developing an innovative model of truly independent grassroots political journalism that brings to millions of people the alternative voices that are often excluded by the mainstream media.”
Pioneering the largest public media collaboration in the country, Democracy Now! is a daily grassroots, global TV/radio/internet news hour airing on more than 750 public radio and television stations and at http://www.democracynow.org.
Goodman said, “I am deeply honored that grassroots, independent journalism and the hard work of my colleagues at Democracy Now! are being recognized in these critical times. I strongly believe that media can be a force for peace. It is the responsibility of journalists to give voice to those who have been forgotten, forsaken and beaten down by the powerful. It is the best reason I know to carry our pens, cameras and microphones out into the world. The media should be a sanctuary for dissent. It is our job to go to where the silence is.”
Goodman and two Democracy Now! producers were arrested last month at the Republican National Convention while reporting on street demonstrations. Charges were dropped after widespread public outcry. The video of Goodman's arrest was among the most watched YouTube video's during the convention week. It has now been viewed over 860,000 times.
Amy Goodman writes a weekly syndicated column with King Features which runs in major newspapers throughout North and South America. She is co-author with her brother, journalist David Goodman, of three New York Times bestsellers: Standing Up To the Madness: Ordinary Heroes in Extraordinary Times; Static: Government Liars, Media Cheerleaders, and the People Who Fight Back; and The Exception to the Rulers: Exposing Oily Politicians, War Profiteers, and the Media That Love Them.
Goodman’s reporting on East Timor and Nigeria won the George Polk Award, the Robert F. Kennedy Prize for International Reporting, and the Alfred I. DuPont-Columbia Award. Her other awards include the first ever Communication for Peace Award presented by the World Association of Christian Communication, the Puffin/Nation Institute Award for Creative Citizenship, The Paley Center for Media “She Made It” Award, and the Gracie Award for American Women in Radio and Television Public Broadcasting. Goodman has also received awards from the Associated Press, United Press International, and the Corporation for Public Broadcasting.
Goodman shares the 2008 Right Livelihood Award with Krishnammal and Sankaralingam Jagannathan of India, and their organisation, Land for the Tillers’ Freedom, for their work dedicated to realising in practice the Gandhian vision of social justice and sustainable human development; Asha Hagi of Somalia “for continuing to lead at great personal risk the female participation in the peace and reconciliation process in her war-ravaged country.”; and Monika Hauser of Germany, gynaecologist and founder of medica mondiale, “for her tireless commitment to working with women who have experienced the most horrific sexualised violence in some of the most dangerous countries in the world, and campaigning for them to receive social recognition and compensation.”
For more information about the 2008 Right Livelihood Award, please visit
http://www.rightlivelihood.org.
International Herald Tribune Article:
http://www.iht.com/articles/ap/2008/10/01/europe/EU-Sweden-Alternative-Nobel.php
Editor and Publisher Article:
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003857765
Right Livelihood Press Release:
http://www.rightlivelihood.org/1317.html
Democracy Now!:
http://www.democracynow.org/
Video of Goodman Arrest at RNC:
http://www.youtube.com/watch?v=oYjyvkR0bGQ
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