This sheds some light on why they're not all that eager to legalize drugs, huh? Shades of BCCI:

Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organized crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

This will raise questions about crime's influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations.

Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. "In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor," he said.

Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.

Come on, we know there won't be any investigation - not a real one. Because if they found out what was going on, they'd never tell us.

It's good news that unpaid bloggers are included in this compromise, but since I don't know the details, I don't know if this would have kept Judy Miller out of jail:

WASHINGTON — The Obama administration, leading Senate Democrats and a coalition of news organizations have reached tentative agreement on legislation providing greater protections against the fining or imprisonment of reporters who refuse to identify confidential sources.

Under the deal, made public Friday, federal judges could quash subpoenas demanding testimony or information from reporters if the judges determined that the public interest in news gathering outweighed the need to uncover the source of a leak, including, in some circumstances, unauthorized disclosure of classified government information.

Protection under the so-called shield law would also be extended to unpaid bloggers engaged in gathering and disseminating news.

A version of shield legislation was approved by the House in March. But a similar bill has stalled in the Senate, and its prospects appeared to dim significantly in September when the administration, responding to apprehension expressed by intelligence agencies and prosecutors, took a harder line with regard to cases in which the government could claim national security concerns.

With the new agreement, however, the White House has now moderated that position.

[...]The leading proponents of the legislation, Senators Charles E. Schumer of New York and Arlen Specter of Pennsylvania, both Democrats, expressed confidence that the compromise would move quickly through the Senate.

“We still get most of our information from investigative journalists,” Mr. Specter said. “If you can’t protect sources, there is a lot of public corruption and private malfeasance that will go undetected and unpunished.”

Now, this doesn't even make sense. Because if it was a threat to national security, the Republicans would have taken care of it already, right? RIGHT?

WASHINGTON — The changing global climate will pose profound strategic challenges to the United States in coming decades, raising the prospect of military intervention to deal with the effects of violent storms, drought, mass migration and pandemics, military and intelligence analysts say.

Such climate-induced crises could topple governments, feed terrorist movements or destabilize entire regions, say the analysts, experts at the Pentagon and intelligence agencies who for the first time are taking a serious look at the national security implications of climate change.

Recent war games and intelligence studies conclude that over the next 20 to 30 years, vulnerable regions, particularly sub-Saharan Africa, the Middle East and South and Southeast Asia, will face the prospect of food shortages, water crises and catastrophic flooding driven by climate change that could demand an American humanitarian relief or military response.

An exercise last December at the National Defense University, an educational institute that is overseen by the military, explored the potential impact of a destructive flood in Bangladesh that sent hundreds of thousands of refugees streaming into neighboring India, touching off religious conflict, the spread of contagious diseases and vast damage to infrastructure. “It gets real complicated real quickly,” said Amanda J. Dory, the deputy assistant secretary of defense for strategy, who is working with a Pentagon group assigned to incorporate climate change into national security strategy planning.

Much of the public and political debate on global warming has focused on finding substitutes for fossil fuels, reducing emissions that contribute to greenhouse gases and furthering negotiations toward an international climate treaty — not potential security challenges.

But a growing number of policy makers say that the world’s rising temperatures, surging seas and melting glaciers are a direct threat to the national interest.

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David Shuster and Harper's Scott Horton break down John Yoo's poorly written op-ed at the Wall Street Journal, defending his part in allowing the Bush administration to spy on millions of Americans under the guise of keeping us safe from terrorists.

From The Anonymous Liberal--John Yoo: Still Lying:

In this morning's Wall Street Journal, John Yoo has an op-ed defending himself from the malpractice charges set forth in the recent Inspecter General's report. As with the opinions themselves, the op-ed is deeply disingenuous and misstates the law repeatedly.

Not surprisingly, Yoo begins the op-ed with a collosal straw man. He points out how important it is to intercept al Qaeda communications and writes: "Evidently, none of the inspectors general of the five leading national security agencies would approve." Of course, the issue is not whether intercepting communications is a good idea, but whether the program violated the law. Yoo was not a policy maker. He was a lawyer. His job was to state what the law was, not what it should be.

Continue reading.....

From Think Progress-- In Op-Ed Attacking IG Report, John Yoo Never Mentions That He Refused To Cooperate With The Investigation:

Last week, the Inspectors General of five separate intelligence agencies released a congressionally-mandated report on the Bush administration’s post-9/11 surveillance programs. The report focuses much of its criticism on John Yoo, a former deputy assistant attorney general in the Office of Legal Counsel, who wrote “legal memos undergirding the policy.”

In the Wall Street Journal today, Yoo responded to the report, claiming that the inspectors general are ignoring history and are simply “responding to the media-stoked politics of recrimination.” But in his attack on the report, Yoo neither responded to the specific criticisms of his legal reasoning nor mentioned that he refused to cooperate with the investigation.

Instead, Yoo persisted in pushing the flaws in his legal argument, such as the claim that the Foreign Intelligence Surveillance Act did not take war into consideration.

Continue reading....

Scott Horton has more at The Daily Beast--Torture Prosecution Turnaround?:

The attorney general is leaning toward appointing a special prosecutor to investigate Bush-era torture policy, sources tell Scott Horton. Inside the logic driving Eric Holder’s possible conversion.