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from Funds Hub:

A loud and clear call

rtr1y8m4It may not have been a massive surprise, but ECB President Jean-Claude Trichet had an unwelcome message for hedge fund managers today.

The current crisis is, apparently, "a loud and clear call" to roll out regulation to all important market players, "notably hedge funds and credit rating agencies".

For those hedge fund managers who felt, perhaps with a degree of justification, that their industry had been relatively blameless in precipitating the current crisis, that call may have been somewhat quieter and more muffled.

But the drumbeat of those calling for greater hedge fund regulation is growing and it seems increasingly likely that hedge funds will face a new raft of rules in the not too distant future.

from Photographers' Blog:

Bush years: Defining his presidency

As I take my last pictures of George W. Bush as President just days before Barack Obama’s inauguration, I reflect on what it was like to cover the 43rd President of the United States for the past six years.

I would characterize President Bush as a person of single-minded determination, a man guided by a moral compass to protect the nation, all the while bringing a style of Texas swagger into the oval office. We shared a passion of mountain biking and on several occasions I was fortunate enough to ride on his ranch in Texas where, away from the prying eyes of the press, I witnessed a man who loved the sport, always rode fast at the front of the pack and showed genuine interest in those around him.

from Photographers' Blog:

Bush years: Impressions of the man in office

Bush has faced many battles in his tenure. Record low approval ratings, a failing economy, the September 11 attacks, a war with no near end in sight, and for the last year, most of the world was looking more to his successor, than to the sitting President himself.

But when I look back over my three years here in Washington, I come away with two impressions of the man in the office.

from Photographers' Blog:

Bush years: Good, bad and ugly

Reuters Washington staff photographer Kevin Lamarque made the move to White House coverage in 1999. Before that, he was covering London politics spanning the end of Margaret Thatcher, the John Major years, and the beginning of the Tony Blair era.  Washington proved to be an interesting contrast.  He has covered the final two years of the President Bill Clinton, and all eight years of President George W. Bush.

As one of only two Reuters photographers covering the entire eight years of President Bush’s term, I’ve seen the good, the bad and the ugly. Unfortunately, most of his time was defined by the latter two.

from Photographers' Blog:

Bush years: First-time history

Larry Downing is a Reuters senior staff photographer assigned to the White House. He shares that duty with three other staff photographers. He has lived in Washington since 1977 and has been assigned to cover the White House since 1978. He worked for United Press International and Newsweek Magazine before joining Reuters as a stringer in 1997 and then as staff in 1999.

As the final moments of President Bush’s administration wind down, I look forward to Barack Obama’s historic inauguration. Having grown up in America as a child of the 50’s, I found the odds impossible that he, or any other African American, would ever win the presidency in my lifetime.

from Summit Notebook:

AUDIO – The costs of war

Wars have numerous costs and most of those are unimaginable for most of us not in the middle of one.

But, aside from the tragic cost of death or injury, wars also cost a lot of money to finance and President-elect Barack Obama will be facing some of those costs (as well as a whole mess of other stuff) when he takes office in January.

from Summit Notebook:

AUDIO – Teddy Roosevelt had it right

The world is a more dangerous place because of the global economic meltdown, according to Northrop Grumman Chief Executive Ronald Sugar, whose company provides specialized aircraft, radar and other electronics to meet that threat.

Sugar was the kick-off speaker at the annual Reuters Aerospace and Defense Summit on Monday in Washington, D.C.

from MediaFile:

SanFran gives five-year plan in 6-hour YouTube videos

At least San Francisco Mayor Gavin Newsom has the good grace to look a little bit sheepish when he offers San Franciscans the opportunity to watch him talk city politics for SIX HOURS on YouTube video.

The mayor of the liberal, tech-friendly California city has broken the 'state of the city' speech into a handful of roughly 40-minute YouTube video segments which offers "the opportunity for you to spend one minute with me, one hour -- as much as five or six hours if you choose," he says in the intro.

from Photographers' Blog:

Riding with Obama – Bill Clinton

Reuters Washington staff photographer Jason Reed is traveling with the campaign of Democratic presidential nominee Barack Obama through election day.

Bill Clinton finally stands on the same stage with and endorses Barack Obama in the flesh - just days before election day.

from MediaFile:

Huffington Post top indy political blog for traffic

obamamccain.jpgPolitical Web sites and blogs compete for scoops and eyeballs with an intensity rivaling the presidential candidates, so the Internet traffic figures released Wednesday by industry tracker comScore are likely to provide some bragging rights.

The winner is... HuffingtonPost.com  -- founded by commentator Arianna Huffington, the site led among stand-alone political blogs and news sites with 4.5 million visitors in September, comScore said. That was way above the site's tally of 792,000 in the same month last year.

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