Inside the Zazi Courtroom
(CBS) CBS News investigative producer Pat Milton was in the courtroom today as Najibullah Zazi pleaded adidas shoes outletguilty to plotting to bomb the New York City subways.
Milton reports that Zazi “appeared respectful and confident” as he stood before a federal judge in Brooklyn, and pleaded guilty to conspiring to kill Americans.
His plan, he said, was to bomb the New York City subway system during the anniversary of 9/11 last year.
Zazi spoke in a hushed courtroom. He told the court in very clear tones that he went to Pakistan with the intention of joining the Taliban. He wanted to fight against the U.S. Troops in Afghanistan. He was said when he got there however, he was recruited by al Qaeda. He went to their training camps, and learned the use of weapons.
While he was also there, there was a decision to be made that he was going to conduct a martyrdom operation. His operation that he decided to do was the NYC subway systems - to attack them. He made that decision with al Qaedauggs outletoperatives.
Milton said Zazi was wearing black and prison garb with bright orange sneakers. He stood tall next to his attorney with his hands folded in front of him as he spoke to the judge.
The judge asked him, by a martyrdom operation, do you mean a “suicide bomb?”
Zazi said that he would sacrifice himself, to save the lives of others.
He wanted, he said, to bring attention to war in afghanistan.
Colorado senators cheer new credit card rulesDenver Business Journal
Colorado’s senators applauded Monday as a new set of federal rules on credit cards took effect.
“The reforms taking effect today, while long overdue, are a major step forward for hardworking consumers who play by the rules and deserve to be treated fairly,” said U.S. Sen. Mark Udall, who has been an advocate of beefed-up credit card regulation for several years in Congress.
“Every day, I hear from Coloradans who have lost their jobs or are on the verge of losing their homes,” Udall, D-Colo., said in a statement. “As our economy struggles to recover, the last thing uggs outlet storefamilies should be concerned about is an arbitrary rate increase or other hidden clauses that make it nearly impossible to get a handle on their debt.”
“I applaud these changes as a good start for protecting families and consumers in a difficult time,” said U.S. Sen. Michael Bennet, D-Colo., in a statement. “We must use this momentum to finish the job of cleaning up Wall Street, and create an effective independent agency to protect consumers. These reforms are a positive step, but they should remind us that reform cannot afford to wait for the next crisis to hit.”
Both Udall and Bennet supported the Credit Card Accountability Responsibility and Disclosure (CARD) Act, which is taking effect in stages.
Key provisions that became law Monday:
• Credit card issuers can no longer randomly increase interest rates and fees on existing balances.ugg outlet
• Issuers must give 45 days notice of any changes in card terms, and give cardholders who reject the new terms to pay off existing balances without penalty.
• Cardholders cannot be charged over-credit-limit fees unless the cardholder authorizes an over-limit transaction.
• Credit card companies must state their rules clearly and tell customers how long it will take to pay off their balance.
• Issuers cannot increase interest rates within the first year of a customer opening an account.
• The practice of “double-cycle” billing will no longer be allowed.
• Payments in excess of the minimum due must now be applied first to the credit card balance with the highest rate of interest.
• Interest cannot be charged when debt is paid on time.
• Issuers must get the signature of a parent or guardian when extending credit to consumers under the age of 21.uggs outlet stores
Udall said that while the new reforms will provide some relief, “regulators must also be more vigilant — some credit card companies have already shown that they will do anything they can to get by rules designed to protect consumers. And I will continue to fight to ensure financial institutions treat consumers with the fairness they deserve.”
Democratic Jobs Bill Advances Despite GOP Filibuster
WASHINGTON — A bipartisan jobs bill cleared a GOP filibuster on Monday with critical momentum provided by the Senate’s newest Republican, Scott Brown of Massachusetts.
The 62-30 tally to advance the measure to a final vote on Wednesday gives both President Barack Obama and Capitol Hill Democrats a much-needed victory — even though the measure in question is likely to have only a modest boost on hiring.
Brown and four other Republicans broke with GOP leaders to advance the measure. Most other Republicans opposed adidas outletthe bill because Democratic Majority Leader Harry Reid of Nevada stripped out provisions they had sought and wouldn’t allow them to try to restore them.
The bill featured four provisions that enjoyed sweeping bipartisan support, including a measure exempting businesses hiring the unemployed from Social Security payroll taxes through December and giving them another $1,000 credit if new workers stay on the job a full year.
Though employers seldom make hiring decisions based on tax breaks, economist Mark Zandi says the measure could potentially create 250,000 new private-sector jobs. That’s less than 4 percent of the 8.4 million jobs lost in the recession.
Joining Brown in voting to break the filibuster were two moderate New England Republicans, Sens. Olympia Snowe and Susan Collins of Maine, and two retiring GOP senators, Kit Bond of Missouri and George Voinovich of Ohio. Democrat Ben Nelson of Nebraska voted “nay” and Frank Lautenberg,nike outlet D-N.J., was absent.
Reid’s bill is a far smaller measure than Obama’s $862 billion economic stimulus bill enacted a year ago. It’s also significantly smaller than a rival bipartisan bill unveiled earlier this month by two senior senators.
The legislation also would renew highway programs through December and deposit $20 billion in the highway trust fund.
“I came to Washington to be an independent voice, to put politics aside and to do everything in my power to help create jobs for Massachusetts families,” said Brown, whose election last month gave Republicans the 41st vote that could sustain GOP filibusters. “This Senate jobs bill is not perfect … but I voted for it because it contains measures that will help put people back to work.”
Sen. George Voinovich, R-Ohio, said he voted for the bill because the highway spending will create jobs and help states pay for important projects.all star shoes
“If we don’t do this we’re going to miss the construction season, and this is an area where you absolutely create jobs,” Voinovich said.
The White House said Monday that the administration strongly supports the bill but that it wants more economic recovery measures. Among Obama’s jobs proposals are a $250 payment to Social Security recipients, $25 billion to help cash-strapped states and $30 billion in Wall Street bailout money redirected to help community banks lend to small businesses.
“It’s a good first step,” Obama senior adviser David Axelrod said. “There’s no doubt we need to do more.”
Republicans and some Democrats were unhappy that Reid abruptly dumped about $70 billion worth of tax breaks for businesses and individuals, help for the unemployed and additional Medicare payments to doctors from a compromise measure unveiled earlier this month by Sens. Max Baucus, D-Mont.,nike shoes outlet and Charles Grassley, R-Iowa, the chairman and ranking Republican on the Finance Committee.
In addition to the hiring tax incentives and highway funding, the bill would extend a tax break for small businesses buying new equipment and modestly expand an initiative that helps state and local governments finance infrastructure projects.
The larger Finance panel bill included about $33 billion in popular tax breaks, including an income tax deduction for sales and property taxes and a business tax credit for research and development, would be extended through 2010. Those ideas have sweeping support among lawmakers and have been routinely renewed for years.
Business groups and economist Zandi of Moody’s Economy.com say companies are unlikely to hire workers just to receive a tax break. That means most of the tax benefits would go to companies that would have hired new workers anyway.
“Obviously it’s not very efficient,” Zandi said. “It’s something worthwhile doing as an insurance policy but it’s something uggs outletone would want to do in any other circumstance.”