Good, Bad, and Ugly

Reader reaction to Reuters news

So it’s safer here?


SEC accuses Caribbean bank of $68 mln Ponzi scheme

“The defendants disguised their Ponzi scheme as a legitimate offshore investment and made promises about exuberant returns that were just too good to be true,” said Rose Romero, head of the SEC’s regional office in Fort Worth. “This case demonstrates that investors need to be especially cautious when placing money with entities that may be outside the reach of U.S. regulators.”

Who writes this stuff for you guys??? YOU ARE KIDDING RIGHT?????

Arthur V.

Several readers pointed out the rich irony of letting an official imply that money WITHIN the reach of U.S. regulators is somehow safe. They have a point: GBU Editor

Madoff victim, Sharon Lissauer  talks to reporters as she leaves the Manhattan federal courthouse in New York, March 12, 2009. Multimillionaire swindler Bernard Madoff is leaving the luxury of his Manhattan penthouse to become just another inmate in a crowded jail. The 70-year-old former Nasdaq chairman pleaded guilty to fraud on Thursday in one of the largest Ponzi schemes in history. REUTERS/Brendan McDermid

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Too many dollars…


Australia’s Rudd: U.S. dollar reserve status safe

The push underscores growing concerns by emerging economic powers — among the largest dollar dollars in the world thanks to strong export revenue — about the long-term value of the dollar.

What? What does this mean? Mike

Several readers asked that. We meant to say …among the largest holders of dollars in the world… GBU Editor President Barack Obama shakes hands with Australian Prime Minister Kevin Rudd after their meeting in the Oval Office of the White House in Washington, March 24, 2009. REUTERS/Larry Downing

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Plane crash?


Two aging leaders dismissed in Cuba shake-up

Cienfuegos, 78, is the older brother of Camilo Cienfuegos, who was one of the leaders and most revered figures of the revolution that put Fidel Castro in power in 1959. Camilo Cienfuegos died in an October 1959 plane crash.

Now, where on earth did you find the evidence? Unless you have a crystal ball the remains of the plane were never found. You could as well have written that Camilo was killed by Castro for having different views!

Netanyahu Factbox


FACTBOX-Five facts about Benjamin Netanyahu

JERUSALEM, March 20 (Reuters) – Benjamin Netanyahu won a two-week extension on Friday two form the next Israeli coalition government.

Here are some key facts:

* Netanyahu was born in the Israeli coastal city of Tel Aviv on October 21, 1949, and grew up in Jerusalem. One of three sons, Netanyahu’s father, Benzion, is a renowned Jewish historian and supporter of the late hawkish Zionist ideologue Zeev Jabotinsky.

They joined…


China wants importers to cover some emission costs

China, like the United States, did not join the 17-year-old Kyoto Protocol aimed at reducing global emissions of carbon dioxide and other pollutants linked to climate change problems.

There is a significant factual error in this article. China has signed and ratified the Kyoto treaty, along with much of the world, the United States has not.

Not a country…


U.S., EU eye possible fix to long-standing beef war

WASHINGTON (Reuters) – The United States will hold off on new retaliatory duties for European products while the two countries work on a possible fix to a dispute over beef trade that dates back to the 1980s, the U.S. Trade Representative’s office said on Thursday.

The European Union is NOT a country.

Ian F.

No, it isn’t. We corrected: GBU Editor

A European Union flag waves in front of the monument of Parthenon on Acropolis hill in Athens March 5, 2009. REUTERS/John Kolesidis

Independence date?


Madagascar threatens action against mutinying soldiers

By mid-morning, several hundred people had gathered in the square — the epicenter for previous popular revolts since Madagascar won its independence from France in 1972 — with no visible sign of security forces.

Why do you insist that Madagascar gained independence from France in 1972?

Why spoil otherwise good reporting with such a blatantly false statement? Dan T.

We used that incorrect date in a number of  stories in the past week. We corrected this reference, and I hope we’ll now stick with 1960: GBU Editor

Familiar face in the background?


Sarah Hussein Obama, grandmother to U.S. President-elect Senator Barack Obama (D-IL), smiles during a news conference at her home in Nyangoma Kogelo village, 257 miles west of Kenya’s capital Nairobi, November 5, 2008. REUTERS/Thomas Mukoya

This picture does not look real. Among the people in the background (fuzzy) is someone who looks like Obama, only his image is very large compared to the surrounding people. I also think he didn’t visit Kenya recently.

Reform, or just change?


Chavez seeks re-election reform in Venezuela vote

CARACAS (Reuters) – Venezuelans voted on Sunday on a reform proposal that would allow President Hugo Chavez to stay in power for as long as he keeps winning elections, his second bid to extend his rule after a decade in power.

Did anyone proofread the title of the Chavez article? How can getting rid of term limits by a thug like Chavez be called a reform? The “Birth of a Dictator” might be more appropriate.

Laundry list…


Clinton aims to soothe jittery allies, woo China


Analysts advised Clinton not to confront the Chinese with a series of demands on her first visit as secretary of state.

That said, the laundry list is long.

Perhaps it was not so wise to use the term “laundry list” in an article about the Chinese! Thank you for giving my friends and me an unexpected chuckle.