CHICAGO (Reuters) – A U.S. judge on Wednesday released former media baron Conrad Black from prison on $2 million bond, while she decides whether to throw out his 2007 conviction for defrauding shareholders.

Adhering to rulings by higher courts, trial Judge Amy St. Eve of the U.S. District Court set Black, 65, free but restricted him to the continental United States for the time being.

CHICAGO (Reuters) – Former Illinois Governor Rod Blagojevich opted not to mount a defense in his corruption case, saying on Wednesday the government had proved only that he talked too much.

“The government in their case proved my innocence. They proved I did nothing illegal. And there was nothing to add,” Blagojevich said outside court after his lawyers declared they would call no witnesses, effectively ending the trial.

CINCINNATI (Reuters) – Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the U.S. Senate does not extend aid for the jobless.

“It’s too late for me now,” she said, fighting back tears at the Freestore Foodbank in the low-income Over-the-Rhine district near downtown Cincinnati. “But it will be terrible for the people who’ll lose their benefits if Congress does nothing.”

BAGHDAD (Reuters) – The first hint that Christopher “Kiffer” Andress is not just your average CEO is the 9mm automatic pistol at his right hip.

“Regardless of the situation today, our security measures haven’t changed since 2007 at the height of the violence here,” said the head of AISG Inc on a tour of the firm’s yard in Baghdad where Iraqi workers were turning abandoned cargo containers into temporary housing units and storage rooms.

BAGHDAD, May 27 (Reuters) – The first hint that Christopher
“Kiffer” Andress is not just your average CEO is the 9mm
automatic pistol at his right hip.

“Regardless of the situation today, our security measures
haven’t changed since 2007 at the height of the violence here,”
said the head of AISG Inc on a tour of the firm’s yard in
Baghdad where Iraqi workers were turning abandoned cargo
containers into temporary housing units and storage rooms.

CHICAGO (Reuters) – Wild roller coaster rides tend to leave people unsteady on their feet, uncertain which way is up and unsure as to the precise location of their stomachs.

U.S. manufacturers know how they feel.

“Manufacturers right now have been and continue to be on a fairly significant roller-coaster ride,” Bill Diehl, head of BBK consultancy group, said at the Reuters Manufacturing and Transportation Summit in Chicago this week. “Volumes went into the tank in 2009. They had nothing.”

CHICAGO (Reuters) – America’s financial crisis disproportionately cut access to conventional mortgage loans for minority communities compared to predominantly white neighborhoods, according to a study released on Thursday.

Reckless subprime mortgage lending during the recent economic boom sparked the worst housing crisis and downturn since the 1930s, wiping out trillions of dollars of home equity and retirement savings.

BAGHDAD (Reuters) – Iraq’s foreign investment body believes that no matter who ends up leading the next government after an inconclusive election, economic reforms to create a diversified free-market economy will not be abandoned.

The war-damaged country has entered a period of political uncertainty following a March 7 election that produced no outright winner. Protracted talks on forming a government after the last national election in December 2005 helped set the stage for a bloody sectarian conflict.

BAGHDAD, April 22 (Reuters) – The killing of al Qaeda’s top two leaders in Iraq this week extends a string of smaller successes that may be eroding the group’s ability to threaten security, military officials and analysts said on Thursday.

The gains reported by U.S. and Iraqi officials against the Sunni Islamists look significant, coming at a time of vulnerability created by a March 7 election that produced no clear winner and what is shaping up to be a protracted political vacuum.

"We have arrested dozens of top figures of al Qaeda and got information from them that is very important. The arrests will continue for weeks and these weeks will be black for al Qaeda," Baghdad security spokesman Maj. Gen. Qassim al-Moussawi said.

"We have information that most of the remaining leadership of al Qaeda has begun to flee Iraq. We have issued orders to close the border and check people leaving," he told Reuters.

The blows against al Qaeda came to light after the killing by Iraqi and U.S. forces on Sunday of Abu Ayyub al-Masri, al Qaeda’s leader in Iraq, and Abu Omar al-Baghdadi, the purported head of a local affiliate, the Islamic State of Iraq.

U.S. officials called the killings a potentially devastating blow and Moussawi said al Qaeda in Iraq was in a "state of confusion and disarray" — a view shared by some experts.

"Members of al Qaeda understand from day one that one day they will die, and the network’s structure is built on people who can be replaced," said Mustafa al-Ani, an analyst at the Dubai-based Gulf Research Centre.

"But killing leaders has an impact because their replacements may not be of the same quality. The quality of al Qaeda in Iraq is no doubt being eroded," he added.

On Thursday, Moussawi told reporters of the capture of a man called Manaf Abdul Rahim al-Rawi in Baghdad on March 11 at the start of an anti-al Qaeda operation codenamed "Lion’s Leap" and which led up to the killings of Masri and Baghdadi.

That operation began just days after the inconclusive parliamentary elections and amid fears that political uncertainty over the formation of a government would result in a spike in sectarian violence.

Minority Sunnis backed the alliance that won the most seats, and will be angry if they are not in the next government.

Frustrations among Sunnis, who dominated Iraq under Saddam Hussein, over the rise of Shi’ite power following the 2003 U.S.-led invasion fuelled an insurgency and the sectarian war.



‘SUCCESS BEGETS SUCCESS’

Rawi’s capture helped Iraqi security forces track down other al Qaeda leaders, Moussawi said.

Rawi — an Iraqi born in Moscow in 1975 and a member of al Qaeda since 2003 — supervised some of the worst attacks Iraq has seen, including coordinated assaults by suicide bombers on government ministries and hotels over the past year, he said.

Over the past month, the U.S. military has sent out a flurry of news releases proclaiming almost daily that senior figures of al Qaeda in Iraq have been killed or detained.

That has included the killing on April 20 of Hazim Abdullah al-Khafaji, whom the U.S. military said led al Qaeda military operations in the still volatile north of the country.

So far this year, the U.S. military says more than 300 members of al Qaeda in Iraq and their associates have been captured, while 19 members have been killed.

"When it comes to fighting al Qaeda, success begets success," said Rohan Gunaratna, a professor at the International Centre for Political Violence and Research in Singapore.

"The information security forces gather when they capture or kill leaders of al Qaeda in Iraq leads to other leaders. And the more leaders they kill, the more Iraqis will come forward with intelligence on the others out there."

Gunaratna said the key now for the Iraqi security forces is to keep up the pressure on al Qaeda in Iraq after the planned withdrawal of U.S. troops by the end of 2011.

"This operation has broken the momentum of al Qaeda in Iraq," he said. "The terrorist threat will remain in Iraq for an extended period." (Editing by Michael Christie and Jon Hemming)