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| Korean Defector Was Voice for Exiles Hwang Jang Yop, a vocal opponent of Pyongyang, was found dead in his home Saturday, the same day the regime put on one of its biggest spectacles in years—a military parade attended by reclusive leader Kim Jong Il and his heir apparent. online.wsj.com |
Former Anglo Irish Bank chief executive David Drumm applies for voluntary bankruptcy in US Surprise moves comes after Drumm's offer of €2m to settle his debt with Anglo Irish was rejected last weekThe former chief executive of Ireland's "toxic bank", Anglo Irish, has applied for voluntary bankruptcy in the US.David Drumm's move comes 10 days ahead of a court case taken by his former employers over a debt of €8.3m (£7.3m) and three months after the chairman of the bank, Sean Fitzpatrick, was declared bankrupt.The commercial court in Dublin heard that Drumm had made a settlement offer in excess of €2m to the now-nationalised bank that was rejected last Friday. The offer included all his assets, including half of his luxury six-bedroom, five-bathroom house in Malahide, north Dublin, which he tried to transfer wholly to his wife's name to prevent it being seized by the bank last year.He also reportedly offered his pension rights and the transfer of his home in Cape Cod, Massachusetts, where he now lives.Drumm's lawyers told the commercial court in Dublin that he had bent over backwards to accommodate the Irish court proceedings. Lawyers for Anglo-Irish said it was "bit rich" for Drumm to attempt to take the high moral ground.It is not clear what will now happen with regard to the Irish proceedings, but it is already being reported that the move means Anglo-Irish will not be able to access Drumm's pension assets.Anglo Irish BankBankingFinancial crisisIrelandLisa O'Carrollguardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds guardian.co.uk |
Nurse: 3 soldiers unafraid facing Fort Hood gunman By ANGELA K. BROWN 2010-10-19T16:18:33ZFORT HOOD, Texas (AP) -- A civilian nurse says three soldiers showed no fear although they must have known they faced certain death as a lone gunman approached them during last year's deadly shooting rampage at Fort Hood.... hosted.ap.org |
Tightening Senate races give pause to upbeat GOP By CHARLES BABINGTON 2010-10-23T18:46:50ZBLUE BELL, Pa. (AP) -- To understand Republicans' nagging fear that the Nov. 2 elections might not be quite the massive triumph that many have predicted, check out Pennsylvania's perplexing Senate race.... hosted.ap.org |
China Showed Frustration With Pyongyang China has expressed frustration with North Korea, with one official calling it a "spoiled child," at the same time as brushing off U.S. requests to choke off the flow of military technology from Pyongyang to Tehran that helps to sustain the regime, according to leaked U.S. diplomatic cables. online.wsj.com |