Wednesday

Dow Highs Create False Hopes

It looks like a cause for celebration: The Dow Jones industrial average surged from 12,000 to 13,000 in just six months. But appearances can be deceiving, and there may be more reason to worry rather than rejoice about Wall Street's latest accomplishment...

Dow Ends Above 13,000 for First Time As Earnings Reports Push Stock Market to Historic Heights


Stronger-than-expected profits from several large companies helped push the stock market to historic heights. But many big corporations, including the Dow components, made a chunk of that money overseas, where economies are growing faster than in the U.S. And many of the same worries that weighed on investors earlier in the year remain: rising energy costs, a slumping housing market and a possible credit crunch.

The stock market's best-known indicator surged past its latest milestone shortly after trading began Wednesday, and even made it past 13,100, rising as high as 13,107.45. According to preliminary calculations, it closed at 13,087.46 up 133.52 or 1.03 percent.

Friday

Chavez: Troops to escort oil takeovers


CARACAS, Venezuela - President Hugo Chavez said Thursday that soldiers will accompany government officials when they take over oil projects in the Orinoco River basin next month.

Chavez has decreed that Petroleos de Venezuela SA, or PDVSA, will take a minimum 60 percent stake in four heavy-oil projects in the Orinoco River region and invited the six private companies operating there to stay on as minority partners.

"On May 1 we are going to take control of the oil fields," Chavez said. "I'm sure no transnational company is going to draw a shotgun, but we will go with the armed forces and the people."

The projects — run by BP PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips, France's Total SA and Norway's Statoil ASA — upgrade heavy, tar-like crude into more marketable oils and are considered Venezuela's most promising. As older fields elsewhere go into decline, development of the Orinoco is seen as key to Venezuela's future production.

Negotiations over the takeover have yet to yield an agreement and are expected to be difficult as the companies seek a deal that takes into account more than $17 billion in investments and loans related to the projects.

Chavez has been given special powers by congress for 18 months to issue laws by decree in energy and other areas, which he has also used to nationalize the country's biggest telecommunications company and electricity company.

Chavez has justified the nationalizations as necessary to give the government control of sectors strategic to Venezuela's interests.

Wednesday

The New Russian Revolution

'I am plotting a New Russian Revolution'


Ian Cobain, Matthew Taylor and Luke Harding in Moscow

The Russian tycoon Boris Berezovsky has told the Guardian he is plotting the violent overthrow of President Putin from his base in Britain after forging close contacts with members of Russia's ruling elite.

In comments which appear calculated to enrage the Kremlin, and which will further inflame relations between London and Moscow, the multimillionaire claimed he was already bankrolling people close to the president who are conspiring to mount a palace coup.

"We need to use force to change this regime," he said. "It isn't possible to change this regime through democratic means. There can be no change without force, pressure." Asked if he was effectively fomenting a revolution, he said: "You are absolutely correct."

Although Mr Berezovsky, with an estimated fortune of £850m, may have the means to finance such a plot, and although he enjoyed enormous political influence in Russia before being forced into exile, he said he could not provide details to back up his claims because the information was too sensitive.

Last night the Kremlin denounced Mr Berezovsky's comments as a criminal offence which it believed should undermine his refugee status in the UK.

Dmitry Peskov, the Kremlin's chief spokesman, said: "In accordance with our legislation [his remarks are] being treated as a crime. It will cause some questions from the British authorities to Mr Berezovsky. We want to believe that official London will never grant asylum to someone who wants to use force to change the regime in Russia."

It will not be the first time the British government has faced accusations from the Kremlin that it is providing a safe haven for Mr Berezovsky. When he told a Moscow radio station last year that he wanted to see Mr Putin overthrown by force, Jack Straw, then foreign secretary, told the Commons that "advocating the violent overthrow of a sovereign state is unacceptable" and warned the tycoon he could be stripped of his refugee status.

Russian authorities subsequently sent an extradition request to London. That failed, however, when a district judge ruled Mr Berezovsky could not be extradited as long as he has asylum status.

In an interview with the Guardian, however, Mr Berezovsky goes much further than before, claiming to be in close contact with members of Russia's political elite who, he says, share his view that Mr Putin is damaging Russia by rolling back democratic reforms, smothering opposition, centralising power and flouting the country's constitution.

"There is no chance of regime change through democratic elections," he says. "If one part of the political elite disagrees with another part of the political elite - that is the only way in Russia to change the regime. I try to move that."

While declining to describe these contacts - and alleging that they would be murdered if they were identified - he maintained that he was offering his "experience and ideology" to members of the country's political elite, as well as "my understanding of how it could be done". He added: "There are also practical steps which I am doing now, and mostly it is financial."

Mr Berezovsky said he was unconcerned by any threat to strip him of his refugee status. "Straw wasn't in a position to take that decision. A judge in court said it wasn't in the jurisdiction of Straw."

He added that there was even less chance of such a decision being taken following the polonium-210 poisoning last November of his former employee, Alexander Litvinenko. "Today the reality is different because of the Litvinenko case."

Mr Berezovsky, 61, a former mathematician, turned to business during the Yeltsin years and made his fortune by capturing state assets at knockdown prices during Russia's rush towards privatisation.

Although he played a key role in ensuring Mr Putin's victory in the 2000 presidential elections, the two men fell out as the newly elected leader successfully wrested control of Russia back from the so-called oligarchy, the small group of tycoons who had come to dominate the country's economy.

A few months after the election Mr Berezovsky fled Russia, and applied successfully for asylum in the UK after Mr Litvinenko, an officer with the KGB's successor, the FSB, came forward to say he had been ordered to murder the tycoon.

Mr Berezovsky changed his name to Platon Elenin, Platon being the name of a character in a Russian film based loosely upon his life. He was subsequently given a British passport in this name.

As well as claiming to be financing and encouraging coup plotters in Moscow, Mr Berezovsky said he had dedicated much of the last six years to "trying to destroy the positive image of Putin" that many in the west held, portraying him whenever possible as a dangerously anti-democratic figure. He said he had also opposed the Russian president through Kommersant, the influential Russian newspaper which he controlled until last year.

Last month Mr Berezovsky was questioned by two detectives from the Russian prosecutor general's office who were in London to investigate the death of Mr Litvinenko. He has denied claims that he refused to answer many of their questions.

Last night the Kremlin said Russian authorities might want to question him again in the light of his interview with the Guardian. "I now believe our prosecutor general's office has got lots of questions for Mr Berezovsky," said Mr Peskov. He added: "His words are very interesting. This is a very sensitive issue."

The Foreign Office said it had nothing to add to Mr Straw's comments of last year.

· Audio: Berezovsky on change in Russia (25 secs)

· Audio: Berezovsky on his personal safety (34 secs)

Sunday

A grim vision of the future

Information chips implanted in the brain. Electromagnetic pulse weapons. The middle classes becoming revolutionary, taking on the role of Marx's proletariat. The population of countries in the Middle East increasing by 132%, while Europe's drops as fertility falls. "Flashmobs" - groups rapidly mobilised by criminal gangs or terrorists groups.

Go Read: A Grim Vision of the Future

Free Speech Battle Over Online Parody of 'Colbert Report'

Free Speech Battle Over Online Parody of 'Colbert Report'

MoveOn, Brave New Films Sue Viacom For Illegal Takedown of YouTube Video

San Francisco - The Electronic Frontier Foundation (EFF) asked a federal court last week to protect the free speech rights of MoveOn.org Civic Action and Brave New Films after their satirical send-up of "The Colbert Report" was removed from YouTube following a baseless copyright complaint from media giant Viacom.

The video, called "Stop the Falsiness," was created by MoveOn and Brave New Films as a tongue-in-cheek commentary on Colbert's portrayal of the right-wing media and parodying MoveOn's own reputation for earnest political activism. The short film, uploaded to YouTube in August 2006, includes clips from "The Colbert Report" as well as humorous original interviews about show host Stephen Colbert. In March of this year, Viacom -- the parent company of Comedy Central -- demanded that YouTube take "Stop the Falsiness" down, claiming the video infringed its copyrights.

"Our clients' video is an act of free speech and a fair use of 'Colbert Report' clips," said EFF Staff Attorney Corynne McSherry. "Viacom knows this -- it's the same kind of fair use that 'The Colbert Report' and 'The Daily Show' rely upon every night as they parody other channels' news coverage."

Under the Digital Millennium Copyright Act (DMCA), a mere allegation of copyright infringement on the Internet can result in content removal, silencing a creator before any misuse is proven. This "shoot first, ask questions later" system can silence online artists and critics, creating unfair hurdles to free speech.

"Online sites like YouTube have revolutionized political expression and can give the little guy an audience of millions for a political point of view. An entertainment powerhouse like Viacom must not be allowed to muzzle independent video creators and their free speech," said Eli Pariser, Executive Director of MoveOn.org Civic Action. "Copyright owners need to double-check their claims and think about free speech rights before erasing political content from sites like YouTube and misusing the DMCA."

The lawsuit asks for a declaratory judgment that "Stop the Falsiness" does not infringe any Viacom copyright, as well as damages and injunctive relief restraining Viacom from bringing any more copyright claims in connection with the video. EFF is working with Stanford's Center for Internet and Society in this case.

For more on the lawsuit:
http://www.eff.org/legal/cases/moveon_v_viacom

To watch "Stop the Falsiness":
http://falsiness.org/

For an update on the case:
http://www.eff.org/deeplinks/archives/005177.php

For this release:
http://www.eff.org/news/archives/2007_03.php#005176