Sunday, September 30, 2012

Long toxic, mortgages now boosting some banks

One of the few businesses working well for the biggest banks these days is the same one that got them in trouble just five years ago: mortgages.

Wells Fargo & Co and JPMorgan Chase & Co are both expected to post more than $4.5 billion in profits for the third quarter, an increase of more than 15 percent from last year, according to Thomson Reuters I/B/E/S.

Other businesses at big banks will likely benefit from the mini-mortgage boom. Fixed-income trading revenue will likely rise at Goldman Sachs Group Inc and other investment banks, thanks in part to more trading in mortgage-backed securities.

A booming mortgage business will help make up for a challenging environment that includes low interest rates squeezing lending profits and slow merger activity pressing earnings from investment banking. Analysts said banks may announce new rounds of cost cutting.

While banks are making new mortgages, the home loan business is still tough. Lenders have millions of foreclosures to process, and all the current refinancing will translate into lower income from mortgage securities they choose to hold.

Legal settlements stemming from the housing bubble and financial crisis are still weighing on results. Bank of America Corp said on Friday it will pay $2.43 billion to settle a class-action lawsuit by investors who claimed the bank lied to them when it was acquiring Merrill Lynch. With the settlement, the bank will likely post a quarterly loss.

Many lenders scaled back mortgage operations after the housing crash, which turned into a financial crisis that cost banks trillions of dollars globally.

But for banks that stuck with the home lending business, such as Wells Fargo, JPMorgan, and U.S. Bancorp, the fees generated from making mortgages will be a big boon in the near term, analysts said.

"They're the ones that are going to be the winners," said Paul Miller, an analyst at FBR Capital Markets. "We think the refi boom lasts four to five more quarters."

Wells Fargo , the No. 4 U.S. bank by assets, and JPMorgan, the biggest, are scheduled to release third-quarter results on Oct. 12 - the first major financial institutions to do so.

The remaining four of the six biggest banks, Bank of America, Citigroup Inc, Goldman, and Morgan Stanley, are due to report the following week.

The U.S. Federal Reserve plans to buy up to $40 billion of mortgage-backed securities each month for as long as it takes for unemployment to fall. That demand for mortgage bonds is lowering lending rates. On Thursday, Freddie Mac said the average rate for a 30-year home loan fell to a record low of 3.4 percent.

The Fed's latest effort is intended to reverse the severe damage done by reckless investors, lenders and borrowers who leveraged up homes in the mid-2000s.

Banks benefit from the fees they get from closing loans, but also from the fact that investors want more mortgages than lenders can easily make.

When a bank makes a new loan, it can quickly sell it off to investors at a relatively high price, analyst Dick Bove of Rochdale Securities said in a research note this week.

Wells Fargo has already told investors to expect a significant decline this quarter in its net interest margin, a measure of how much profit a bank makes from interest on its loans.

Banks are trying to make up for the reduced margins by making more loans. Loans on balance sheets of commercial banks grew 5 percent over the 12 months through August, according to Fed data.

"We think there will be a reasonable amount of loan growth, especially on the commercial side," Guggenheim Partners analyst Marty Mosby said. "That's the way the banks have been able to hold their own."

But with investors looking for more improvement, banks are under pressure to cut costs to boost profits. Analysts want details on expenses from Bank of America, which is reportedly accelerating plans to lay off 30,000 workers.

JPMorgan's results are expected to improve from the second quarter, when it booked what appears to be the vast majority of losses from its London Whale trading scandal.

Through the first six months of the year, San Francisco-based Wells Fargo earned more than JPMorgan and could challenge the New York bank for the title of most profitable in a calendar year.

Alongside the basic business of taking deposits and making loans, five of the biggest six banks have substantial operations in securities trading and investment banking - which have had mixed success.

Revenues from fixed income trading are expected to be up, but equity trading will be down, according to estimates by analyst David Trone of JMP Securities. Debt and stock underwriting are up sharply from a year ago, when turmoil in European markets discouraged financing.

But completed takeovers that deliver payoffs for advisory work are lagging. All told, revenue from trading and investment banking will be up about 6 percent, according to Trone's estimates.

Citigroup is seen by some analysts as barely breaking even because it is taking a one-time charge - which it has estimated at $2.9 billion - on the value of its stake in a brokerage joint venture with Morgan Stanley.

Analysts see Morgan Stanley's profit sliding by 75 percent, largely because of accounting adjustments that, ironically, will reflect an increase in the market value of its debt stemming from improvements in its creditworthiness.

(c) Copyright Thomson Reuters 2012. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Source: http://www.msnbc.msn.com/id/49217872/ns/business-us_business/

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Attack kills 2 Americans, at least 2 Afghans

KABUL, Afghanistan (AP) ? An Afghan soldier turned his gun on American troops at a checkpoint in the country's east, killing two Americans and at least two fellow members of Afghanistan's army in a shooting that marked both the continuance of a disturbing trend of insider attacks and the 2,000th U.S. troop death in the long-running war, officials said Sunday.

The string of insider attacks is one of the greatest threats to NATO's mission in the country, endangering a partnership key to training up Afghan security forces and withdrawing international troops.

Saturday's shooting took place at an Afghan army checkpoint just outside a joint U.S.-Afghan base in Wardak province, said Shahidullah Shahid, a provincial government spokesman.

"Initial reports indicate that a misunderstanding happened between Afghan army soldiers and American soldiers," Shahid said. He said investigators had been sent to the site to try to figure out what happened.

An Afghan official speaking on condition of anonymity said three Afghan soldiers were killed in the clash. It was not clear if the assailant was among the dead.

The attack happened about 5 p.m. in Sayd Abad district, Afghan Defense Ministry spokesman Gen. Zahir Azimi said in an emailed statement. He did not provide further details, saying he would wait for a report from investigators.

NATO forces announced the assault early Sunday morning, saying only that it was "suspected insider attack" and that a NATO service member and civilian contractor were killed.

One U.S. official confirmed that the service member killed was American, while another confirmed that the civilian was also American. The officials spoke on condition of anonymity because the nationality of the dead had not yet been formally announced.

Afghan soldiers and policemen ? or militants in their uniforms ? have gunned down more than 50 foreign troops so far this year, eroding the trust between coalition forces and their Afghan partners. An equal number of Afghan policemen and soldiers also died in these attacks, giving them reason as well to be suspicious of possible infiltrators within their ranks.

The attacks are taking a toll on the partnership between international and Afghan forces, prompting the U.S. military to restrict operations with small-sized Afghan units earlier this month.

The close contact ? with coalition forces working side by side with Afghan troops as advisers, mentors and trainers ? is a key part of the U.S. strategy for preparing the Afghans to take the lead in security operations as the U.S. and other nations prepare to pull out their last combat troops at the end of 2014, just 27 months away.

The number of American military dead reflects an Associated Press count of those members of the armed services killed inside Afghanistan since the U.S.-led invasion on Oct. 7, 2001.

Source: http://news.yahoo.com/attack-kills-2-americans-least-2-afghans-091513802.html

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Imprisoned Tymoshenko makes video appeal

KIEV, Ukraine (AP) ? Ukraine's jailed former Prime Minister Yulia Tymoshenko urged her country Saturday to defeat President Viktor Yanukovych's party in next month's parliamentary election.

In an emotional video appeal, Tymoshenko accused Yanukovych of turning Ukraine into a "police state."

Her lawyer says the video, filmed Friday, was recorded by him on a cellphone in a hospital where she is receiving treatment for back pain. It was the first such video since the former prime minister was jailed over a year ago on charges of abusing her office during natural gas import negotiations with Russia in 2009.

The West has condemned her imprisonment as politically motivated and the European Union has put on hold a key cooperation deal with Kiev over Tymoshenko's jailing.

Tymoshenko, 51, the country's top opposition leader, denies all the charges against her, and accuses Yanukovych of throwing her in jail to bar her from the contesting the Oct. 28 election.

In the video, Tymoshenko urges Ukrainians to support her party in the vote and end what she called Yanukovych's "criminal" rule.

"Today, unfortunately, the whole country lives under a criminal authority," said a pale-looking Tymoshenko, wearing a white shirt, her hair combed into a long blond braid.

Yanukovych's Party of Regions hopes to maintain its parliamentary majority, but will struggle to do so in the face of an opposition re-energized by Tymoshenko's jailing. The next presidential election is in 2015.

Yanukovych's office declined to comment on the video.

Source: http://news.yahoo.com/imprisoned-tymoshenko-makes-video-appeal-103948405.html

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Hate-Speech Hypocrites

Pakistani Shiite Muslims shout slogans beside a burning Israeli flag during a rally against Israel and the United States. Pakistani Shiite Muslims shout slogans beside a burning Israeli flag during a rally against Israel and the United States to mark the Al-Quds (Jerusalem) day on the last Friday of the holiest month of Ramadan in Peshawar in August

Photograph by Hasham Ahmed/AFP/Getty Images.

Jews have too much influence over U.S. foreign policy. Gay men are too promiscuous. Muslims commit too much terrorism. Blacks commit too much crime.

Each of those claims is poorly stated. Each, in its clumsy way, addresses a real problem or concern. And each violates laws against hate speech. In much of what we call the free world, for writing that paragraph, I could be jailed.

Libertarians, cultural conservatives, and racists have complained about these laws for years. But now the problem has turned global. Islamic governments, angered by an anti-Muslim video that provoked protests and riots in their countries, are demanding to know why insulting the Prophet Mohammed is free speech but vilifying Jews and denying the Holocaust isn?t. And we don?t have a good answer.

If we?re going to preach freedom of expression around the world, we have to practice it. We have to scrap our hate-speech laws.

Muslim leaders want us to extend these laws. At this week?s meeting of the U.N. General Assembly, they lobbied for tighter censorship. Egypt?s president said freedom of expression shouldn?t include speech that is ?used to incite hatred? or ?directed towards one specific religion.? Pakistan?s president urged the ?international community? to ?criminalize? acts that ?endanger world security by misusing freedom of expression.? Yemen?s president called for ?international legislation? to suppress speech that ?blasphemes the beliefs of nations and defames their figures.? The Arab League?s secretary-general proposed a binding ?international legal framework? to ?criminalize psychological and spiritual harm? caused by expressions that ?insult the beliefs, culture and civilization of others."

President Obama, while condemning the video, met these proposals with a stout defense of free speech. Switzerland?s president agreed: ?Freedom of opinion and of expression are core values guaranteed universally which must be protected.? And when a French magazine published cartoons poking fun at Mohammed, the country?s prime minister insisted that French laws protecting free speech extend to caricatures.

This debate between East and West, between respect and pluralism, isn?t a crisis. It?s a stage of global progress. The Arab spring has freed hundreds of millions of Muslims from the political retardation of dictatorship. They?re taking responsibility for governing themselves and their relations with other countries. They?re debating one another and challenging us. And they should, because we?re hypocrites.

From Pakistan to Iran to Saudi Arabia to Egypt to Nigeria to the United Kingdom, Muslims scoff at our rhetoric about free speech. They point to European laws against questioning the Holocaust. Monday on CNN, Iranian President Mahmoud Ahmedinejad needled British interviewer Piers Morgan: ?Why in Europe has it been forbidden for anyone to conduct any research about this event? Why are researchers in prison? ? Do you believe in the freedom of thought and ideas, or no?? On Tuesday, Pakistan?s U.N. ambassador, speaking for the Organization of Islamic Cooperation, told the U.N. Human Rights Council:

We are all aware of the fact that laws exist in Europe and other countries which impose curbs, for instance, on anti-Semitic speech, Holocaust denial, or racial slurs. We need to acknowledge, once and for all, that Islamophobia in particular and discrimination on the basis of religion and belief are contemporary forms of racism and must be dealt with as such. Not to do so would be a clear example of double standards. Islamophobia has to be treated in law and practice equal to the treatment given to anti-Semitism.

He?s right. Laws throughout Europe forbid any expression that ?minimizes,? ?trivializes,? ?belittles,? ?plays down,? ?contests,? or ?puts in doubt? Nazi crimes. Hungary, Poland, and the Czech Republic extend this prohibition to communist atrocities. These laws carry jail sentences of up to five years. Germany adds two years for anyone who ?disparages the memory of a deceased person.?

Hate speech laws go further. Germany punishes anyone found guilty of ?insulting? or ?defaming segments of the population.? The Netherlands bans anything that ?verbally or in writing or image, deliberately offends a group of people because of their race, their religion or beliefs, their hetero- or homosexual orientation or their physical, psychological or mental handicap.? It?s illegal to ?insult? such a group in France, to ?defame? them in Portugal, to ?degrade? them in Denmark, or to ?expresses contempt? for them in Sweden. In Switzerland, it?s illegal to ?demean? them even with a ?gesture.? Canada punishes anyone who ?willfully promotes hatred.? The United Kingdom outlaws ?insulting words or behavior? that arouse ?racial hatred.? Romania forbids the possession of xenophobic ?symbols.?

Source: http://feeds.slate.com/click.phdo?i=f2ec7a100b4c0ff2f27edc6cc3a15ede

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Mumford & Sons Headed For Biggest Debut Week Of Year

Babel could double Justin Bieber's first-week sales with 600,000-plus.
By Gil Kaufman


Marcus Mumford of Mumford & Sons
Photo: Noel Vasquez/ Getty Images

Source: http://www.mtv.com/news/articles/1694640/mumford-babel-debut-week-sales.jhtml

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Timeline of Chinese politician Bo Xilai?s downfall

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Bo Xilai (Pinyin: B? X?l?i; born 3 July 1949) is a former Chinese politician. He came to prominence through his tenures as the mayor of the coastal economic hub of Dalian and then governor of Liaoning province. From 2004 to November 2007, he served as Minister of Commerce. Between 2007 and 2012 he served as a member of the Central Politburo and secretary of the Communist Party's Chongqing branch.

The son of Bo Yibo, one of the Eight Elders of the Communist Party of China, Bo Xilai is identified as one of the "princelings" of Chinese politics. He cultivated a casual and charismatic image in the media that marked a departure from the normally staid nature of Chinese politics.

In Chongqing, Bo became known for heavy-handed populism. He initiated a campaign against organized crime, increased spending on welfare programs, maintained consistent double-digit percentage GDP growth, and campaigned to revive Cultural Revolution-era "red culture." Bo's promotion of egalitarian values and the achievements of his "Chongqing model" made him the champion of the Chinese New Left, composed of both Maoists and social democrats disillusioned with the country's market-based economic reforms and increasing economic inequality. However, the perceived lawlessness of Bo's anti-corruption campaigns, coupled with concerns about his outsized personality, made him a controversial figure.

Bo was considered a likely candidate for promotion to the elite Politburo Standing Committee in CPC 18th National Congress in 2012. His political fortunes came to an abrupt end following the Wang Lijun incident, in which his top lieutenant and police chief sought asylum at the American consulate in Chengdu and revealed details of Bo's alleged involvement in a homicide plot. In the fallout, Bo was removed as Chongqing party chief in March 2012 and suspended from the politburo the following month. Bo's dismissal was notable for exposing disunity within Communist Party ranks shortly before a leadership transition.

Early life

Bo Xilai was the fourth child of prominent Communist Party leader Bo Yibo, who served as Minister of Finance in the early years of the People's Republic of China but who fell from favor in 1965 for supporting more open trade relations with the West. When the Cultural Revolution began in 1966, Bo Yibo was labeled a "rightist" and a "counterrevolutionary" and purged from his posts. He spent the ensuing twelve years in prison, where he was reportedly tortured. His wife, Hu Ming, was abducted by Red Guard in Guangzhou, and was either beaten to death or committed suicide.

Bo Xilai was 17 years old when the Cultural Revolution began, and at the time attended the prestigious No. 4 High School in Beijing ? one of the best in the country. In the early years of the Cultural Revolution, Bo is reported to have been an active member of the liandong Red Guard organization and may have at one point denounced his father.

As the political winds of the Cultural Revolution shifted, Bo and his siblings were either imprisoned or sent to the countryside, and Bo Xilai was locked up for five years. After the death of Mao Zedong in 1976, the members of the Gang of Four were officially blamed for the chaos of the Cultural Revolution, and Bo's family was released. Bo Yibo was politically rehabilitated, and in 1979 became vice premier.

After his release, Bo Xilai worked at the Hardware Repair Factory for the Beijing Second Light Industry Bureau. He was admitted to the Peking University by public examination in 1977. Unlike many of his contemporaries in the Chinese leadership who studied engineering, Bo majored in world history. In his sophomore year, Bo enlisted in a Master's program in international journalism at the Chinese Academy of Social Sciences, graduating with a Master's degree in 1982. He joined the Communist Party in October 1980.

Early political career

During the 1980s, the Bo family regained its political influence. Bo Yibo served successively as vice premier and vice-chairman of the Central Advisory Commission. The elder Bo came to be known as one of the ?eight elders? (sometimes referred to as the ?eight immortals?) of the Communist Party and was instrumental in the implementation of market reforms in the 1980s. Although he favored more liberal economic policies, the elder Bo was politically conservative, and endorsed the use of military force against demonstrators during the 1989 Tiananmen Square Protests. After the 1989 crackdown, Bo Yibo helped ensure the ascent of Jiang Zemin to succeed Deng Xiaoping as the leader of the Party and helped Jiang consolidate power in the 1990s. Bo Yibo remained a prominent figure in the party until his death in 2007 and was influential in shaping his son's career.

After graduating from university, Bo was assigned to Zhongnanhai ? the headquarters of the Communist Party ? where he worked with the research office of the CPC Central Committee Secretariat and CPC Central Committee General Office. He soon requested a transfer to the provinces, and in 1984 was appointed deputy party secretary of Jin County, near Dalian in the northeastern province of Liaoning. In an interview with People?s Daily, Bo said that his family name created career obstacles. "For quite a long time people had reservations about me," he said. Bo subsequently became deputy secretary and then secretary of the party committee of the Dalian Economic and Technological Development Zone and secretary of the Jinzhou party committee.

Rising again in rank within the party, he became a member of the Standing Committee of the Dalian Municipal CPC Committee, the city's top decision-making body, and became the Vice-mayor of Dalian in 1990. In 1993, Bo became deputy Party secretary and mayor of Dalian.

Liaoning

Mayor of Dalian

Bo became acting mayor of Dalian in 1992 and formally assumed the post in 1993. He remained mayor until 2000. Bo served as Dalian's deputy party secretary from 1995. Bo was promoted to party chief in 1999 and served in that position until 2000.

Bo's tenure in Dalian was marked by the city's phenomenal transformation from a drab port city to a modern metropolis, a 'showcase' of China's rapid economic growth. In the early 1990s, Bo took some credit for the construction of the Shenyang-Dalian Expressway, China's first controlled-access freeway, winning accolades for the rapid expansion of infrastructure and for environmental work. Since Bo's time in office, Dalian became known as one of the cleanest cities in China, having won the UN Habitat Scroll of Honour Award in 1999. In addition, Bo was an advocate for free enterprise and small businesses, and successfully courted foreign investment from South Korea, Japan, and Western countries. In contrast to his colleagues, he held press conferences at Chinese New Year, and developed a reputation among foreign investors for 'getting things done'.

Bo spent seventeen years in the city of Dalian, a lengthy term in comparison to colleagues of the same rank, who are often transferred to different locales throughout their careers. Despite the accompanying economic growth and rise in living standards, Bo's tenure in Dalian has sometimes been criticized as having been too focused on aesthetic development projects such as expansive boulevards, monuments, and large public parks. To make way for his large-scale projects, Bo's administration moved large numbers of local residents from downtown areas into new homes in the city's outskirts. Dalian's greenery was dubbed "Xilai Grass". He also reputedly had a remote control in the Mayor's office for the fountains on the city's main square. In addition, he spearheaded the construction of a huabiao in the city. In 2000, Bo was frontrunner for the post of Mayor of Shenzhen, based on his success in making Dalian the "Hong Kong of the North". However it was suggested that Bo was too independent and outspoken for the post. The post went to Yu Youjun instead.

15th Party Congress

During the 15th Party Congress in 1997, Bo Xilai?s family launched an unsuccessful campaign to secure his promotion to become a member of the Central Committee of the CCP. Although nepotism was generally frowned upon in China, Bo Yibo?s ambitions for his son were well-known. Bo Yibo advanced the idea that revolutionary elders should 'nominate' their children to become high officials, and Bo Xilai was selected as his family?s 'representative' over his older brother Bo Xicheng, ostensibly because of Xilai?s superior academic credentials, which included attendance at the elite Peking University and a master?s degree.

In order to secure Bo Xilai?s selection for promotion during the 15th Party Congress, the family launched a nationwide campaign to publicize his son?s "achievements" as mayor of Dalian. They commissioned author Chen Zufeng to pen a report portraying Bo as a man who is "as statesman-like as Henry Kissinger, as environmentally conscious as Al Gore, and almost as beloved by the public as Princess Diana." Despite the publicity campaign, Bo Xilai failed even to gain a seat in the Liaoning provincial delegation to the Party Congress. Ultimately, Bo Yibo helped him gain a seat with the Shanxi delegation, but the younger Bo was unable to secure a promotion.

In addition, Bo placed second-last in the confirmation vote for membership in the 15th Central Committee. As he placed in the bottom 5% of candidates, Bo was denied entry into the elite council, suffering a major political embarrassment. Bo's failure to get elected was attributed to a general opposition to nepotism within the Party. Moreover, during his tenure in Dalian, Bo caused resentment for the amount of 'special favours' that he procured for the coastal city at the expense of the rest of the province. His perceived partisan interests locked Bo's kin in a factional struggle against Li Tieying, one of China's central leadership figures, who may have created obstacles to his promotion.

Provincial Governor

In 2001, a corruption scandal involving former Liaoning governor Zhang Guoguang provided an opportunity for Bo's advancement. Prior to the 15th Party Congress, Bo Yibo and Bo Xilai assisted then-party general secretary Jiang Zemin in preparing to force political rival Qiao Shi into retirement. The Bo family also supported Jiang's "Three Stresses" (San Jiang) campaign in 1997, which academic commentators called "lacklustre." Such unwavering support for Jiang was said to have worked in Bo Xilai's favour when the vacancy for Governor of Liaoning opened. Bo became acting Governor in 2001 after the dismissal and arrest of Zhang Guoguang, and was officially confirmed as Governor in 2003. In his position as governor, which he held until 2004, Bo gained membership to the Central Committee of the Communist Party.

During his tenure in Liaoning, Bo played a critical role in the promotion of the Northeast Area Revitalization Plan. Adopted in 2003 by party authorities, the policy aimed to strengthen economic development in the provinces of Liaoning, Jilin and Heilongjiang. Bo Xilai was particularly enthusiastic about the policy, stating his desire to see the northeast become "China's fourth economic engine" (the others being the Pearl River Delta, Yangtze River Delta, and the Bohai Economic Region).

The northeast region was at one time known as the "cradle of industrialization" of China. In 1980, industrial output for Liaoning province alone was twice that of the southern Guangdong province. However, the northeast was left behind amidst market reforms of the 1980s and 1990s, while regions like Guangdong prospered. Its economy?still largely tied to state-owned enterprises?stagnated relative to other regions, with high unemployment rates. The revitalisation plan aimed to address this by reviving the region?s traditional industries, strengthening trade ties with and encouraging investment from South Korea and Japan, and experimenting with free trade zones in select cities. In 2004, official media reported that foreign direct investment in Liaoning had nearly doubled since the launch in 2003 of the northeastern rejuvenation strategy.

Although Bo established a reputation as a comparatively clean politician during his tenures in Dalian and as governor of Liaoning, he was not immune to corruption allegations. In particular, Bo was the subject of critical investigative reports by Liaoning journalist Jiang Weiping, the whistleblower in the Mu and Ma corruption case in Liaoning ? a scandal that Bo benefited from politically. While Bo was not directly involved in the scandal, Jiang accused Bo of providing political cover for his friends and relatives. Jiang was initially sentenced to eight years in prison on trumped-up charges, for which Bo was criticized, but was released after five years under international pressure. Yang Rong, the former chief executive of Brilliance China Automotive who fled to the United States after getting embroiled in a dispute against state property authorities, accused Bo of interfering in his judicial proceedings in Beijing. In addition, Bo openly clashed with Wen Shizhen, then-party secretary in Liaoning who was technically Bo's superior. Wen reportedly criticized Bo for "developing China's cities like Europe and its countryside like Africa," and even held a party to celebrate Bo's departure from Liaoning in 2004.

Falun Gong practitioners and their supporters have accused Bo of leading an especially severe crackdown on the group during his tenure in Liaoning. They have filed lawsuits against Bo in over ten countries, alleging torture and crimes against humanity. In 2007 Bo was found liable for the torture of a Falun Gong practitioner in an uncontested civil suit in Australia.

16th Party Congress

At the 16th Party Congress in 2002, Bo's age, regional tenures, and patronage links fit the profile for a potential candidate to be groomed for the "5th generation of leaders" that would assume power in 2012. His chief competitors were seen as Xi Jinping, then party chief in the coastal province of Zhejiang, and Li Keqiang, a populist Tuanpai candidate who was the Governor of the central province of Henan. As with the 15th Party Congress five years earlier, the elder Bo lobbied for his son's promotion. The Bo family enjoyed the patronage of Jiang Zemin. However, Bo Xilai's unequivocal support for Jiang strengthened the reluctance of his political opponents to support his nomination. Ultimately, although Bo remained a top contender for higher promotion, Xi and Li remained the main candidates to succeed Hu Jintao as Paramount leader.

Minister of Commerce

When Hu Jintao succeeded Jiang Zemin as General Secretary in late 2002, Bo's career as a local official ended with his appointment to Minister of Commerce in Wen Jiabao's cabinet to replace L? Fuyuan, who retired for health reasons. Bo concurrently served as a member of the 16th Central Committee of the Communist Party of China.

Bo's stint as Minister of Commerce significantly raised his international profile and generated media attention both in China and abroad. Described as good-looking, articulate and open-minded in his approach to problems, Bo's rise from a municipal official to the central government generated great media fanfare and elevated his status to something of a 'political star.' Bo's political persona was considered a departure from the generally serious and conservative leadership in Beijing. With his youthful vigour, populism, and purported popularity with female reporters, Bo's political rise had been compared to that of John F. Kennedy.

Bo presided over a continued rise in foreign investment in China as Minister of Commerce. His daily schedule was dominated by receiving foreign guests and dignitaries. By the time that he became Minister, he spoke relatively fluent and colloquial English. During a meeting with American officials, Bo reputedly told a struggling interpreter to stop translating because the Chinese officials could understand English and it was wasting time. In May 2004 Bo was one of the few ministers hand-picked to accompany Premier Wen Jiabao on a five-country trip to Europe. The trade policy of the United States toward China also sparked significant controversy. Bo maintained a conciliatory but assertive attitude as he attended talks in Washington. On his trips to the United States, he conducted substantive discussions with his American counterparts and signed agreements on intellectual property, the services sector, agricultural products, food safety, and consumer protection.

Bo also oversaw the restructuring of the Ministry, formed from the amalgamation of the National Economics and Commerce Bureau and the Department of International Trade. Bo sought to balance the amount of attention given to foreign investors and domestic commercial institutions. He began tackling the imbalance from the retail sector, whose success up to that point was largely dependent on foreign companies. He drew up plans to protect Chinese industries' competitive position within a domestic market that was quickly being crowded out by foreign competition.

17th Party Congress

At the 17th Party Congress in October 2007, Bo gained a seat on the 25-member Politburo, effectively China's ruling council. He was then tipped to leave the Ministry of Commerce and take over as party chief in the southwestern megalopolis of Chongqing. Bo?s predecessor, political rival Wang Yang, was reassigned as party chief of Guangdong province.

At the time, Chongqing was reeling from problems such as air and water pollution, unemployment, poor public health, and complications from the Three Gorges Dam. According to analysts, Hu wanted to transfer his ally Wang Yang out of Chongqing before these problems intensified. Bo was initially reluctant to go to Chongqing and was reportedly unhappy with his new assignment. He had hoped to become vice-premier instead, but Premier Wen Jiabao and Vice-premier Wu Yi argued against Bo's promotion to vice-premiership. In particular, Wu was critical of Bo?s penchant for self-promotion, and Wen cited international lawsuits against Bo by Falun Gong adherents as a barrier to his holding higher office.

Bo took up the Chongqing post on 30 November, a month following the conclusion of the Congress, even though Wang Yang had vacated the position on 13 November. Whilst some saw this transfer as a 'banishment' from the central government to the hinterlands to keep Bo's perceived arrogance and high-profile antics out of Beijing's view, others considered it a promotion since being the party chief in one of the four direct-controlled municipalities came with an ex officio seat on the Politburo.

Chongqing

The Chongqing model

Although Bo was initially unhappy about his re-assignment in Chongqing, he soon resolved to use his new position as a staging ground for a return to higher national office. Bo made no secret of his desire to enter the nine-member Politburo Standing Committee (PSC) during the 18th Party Congress in autumn 2012, all but two of the PSC members?including President Hu Jintao and Premier Wen Jiabao?were expected to retire. The transition would be an opportunity for Bo to join the highest echelon of national leadership, likely as a replacement for ally Zhou Yongkang, secretary of the Central Political and Legislative Committee, serving as the head of the party's security apparatus.

In Chongqing, Bo pioneered a new style of governance dubbed the "Chongqing Model? ? a set of social and economic policies intended to address diverse challenges facing modern China following economic reforms.

The Chonqging model was characterized in part by increased state control and the promotion of a neo-leftist ideology. Along with his police chief Wang Lijun, Bo launched a sweeping campaign against organized crime, and increased the security and police presence in the city. Critics noted these policies were accompanied by the erosion of the rule of law, and allegations surfaced of political and personal rivals being victimized amidst Bo?s anti-corruption drive. As a means of addressing declining public morality, Bo launched a ?red culture? movement to promote Maoist-era socialist ethics. On the economic front, he actively courted foreign investment?much as he had done in Liaoning province. The Chongqing model was also characterized by massive public works programs, subsidized housing for the poor, and social policies intended to make it easier for rural citizens to move to the city, thus reaping the benefits of urban status. Some have compared Bo's governing style to Russian president Vladimir Putin.

The Chongqing model provided an 'alternate' comprehensive roadmap for development that diverged from the policies favored by the reformist faction dominated by Hu Jintao and Wen Jiabao. Bo?s leadership in Chongqing dramatically raised his profile, both nationally and internationally. In 2010, he was named as one of the 'World's 100 Most Influential People in 2010' by Time. Observers noted that, in China's non-electoral political system, Bo's high-profile presence and bold political maneuvers effectively amounted to a public campaign for the top leadership. However, he drew the ire of some of the country?s leaders; President Hu and Premier Wen were reluctant to acknowledge Bo publicly, ostensibly due to a discomfort over his leadership style.

Organized crime

Bo's tenure in Chongqing was dominated by a protracted war against organized crime and corruption known as dahei ("striking black"). Between 2009 and 2011, an estimated 5,700 people were arrested in the sweeping campaign that ensnared not only criminals, but also businessmen, members of the police force, judges, government officials, and political adversaries. The campaign was overseen by Wang Lijun, whom Bo had worked with previously in Liaoning province. Wen Qiang, one of the most prominent figures implicated in the trials, had been a prominent municipal official since the days of party chiefs He Guoqiang and Wang Yang. China observer Willy Lam suggested that the such a large-scale crackdown was given 'go-ahead' from central authorities and general secretary, president Hu Jintao, and Bo was careful to not look as though Chongqing was trying to 'set an example' for the rest of the country so he could benefit from the success politically.

The dahei campaign earned Bo national recognition and widespread popularity in Chongqing?all the more because of the city?s historical reputation as a center for criminal activity. In contrast to often colorless and orthodox politicians, Bo gained the reputation as a party boss that "got things done." The apparent success of the campaign gave Bo a 'rock star status', and resulted in calls for a nation-wide campaign modeled on Chongqing. Through the campaign, Bo gained the support of a number of powerful members of the Politburo Standing Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping and Zhou Yongkang, all of whom visited Chongqing or praised Bo's achievements sometime between 2010 and 2011.

However, Bo's campaign was criticized for running roughshod over judicial due process and eroding the rule of law. Individuals targeted in the campaign were arbitrarily detained by the authorities, with an estimated 1,000 being sent to forced labor. Lawyers for the accused were intimidated and harassed, and in at least one case, sentenced to 18 months in prison. Allegations also surfaced over the use of torture to extract confessions. Moreover, assets seized during the campaign were allegedly redirected to help pay for Bo?s popular social housing programs. The Wall Street Journal reported that the $11 billion went into government coffers through the campaign. Li Jun, a fugitive businessman, asserted that he became a target of Bo anti-corruption drive as a result of a land dispute with the government. When he refused government demands to give up the land, he claims that he was abducted and tortured, and that the $700 million worth of assets in his business were seized.

Red culture movement

During his time in Chongqing, Bo initiated a series of Maoist-style campaigns to revive 'red culture' and improve public morale. The initiative included the promotion of Maoist quotes, 'red' songs, revolutionary television programing and operas, and initiatives to encourage students to work in the countryside, akin to the way students were required to do during the Down to the Countryside Movement of the Cultural Revolution. As part of the movement, Bo and the city's Media Department initiated a "Red Songs campaign" that demanded every district, government department, commercial enterprise, educational institution, state radio and TV station begin singing 'red songs' praising the achievements of the Communist Party of China. Bo pledged to reinvigorate the city with the Marxist ideals reminiscent of the Mao era.

Prior to the 60th Anniversary of the People's Republic of China celebrations, for instance, Bo sent out 'red text messages' to the city's 13 million cellphone users. According to Xinhua, Bo's text messages are usually quotes from Mao's Little Red Book, and include phrases such as "I like how Chairman Mao puts it: The world is ours, we will all have to work together," and "responsibility and seriousness can conquer the world, and the Chinese Communist Party members represent these qualities." Bo and his team of municipal administrators also raised new Mao statues in Chongqing, while providing 'social security apartments' to the city's less well-off. Some scholars have characterized this as an example of the revival of Maoism in the Chinese Communist ethos.

Reactions to the red culture movement were divided. Bo?s revival of Mao-era culture and accompanying social welfare programs were popular within much of the middle to lower income strata of Chongqing society, and made Bo a star with both conventional Marxists and neo-leftists. Bo won praise for returning the city to what some called China's 'true socialist heritage' by de-emphasizing material wealth, and evoked nostalgia to the social equality that existed during Mao's time. Some retirees said they wanted to pass on "revolutionary spirit" to their children, while others participated as a means to praise the Communist Party for the country?s economic progress.

The campaign also had many detractors. Some intellectuals and reformers criticized the campaign for being regressive, akin to "being drowned in a red sea", and bringing back painful memories from the Cultural Revolution. Several mid-level officials in the city committed suicide due to overwhelming pressure to organize events for the red songs campaign. Bo?s critics derisively referred to him as "little Mao".

Social policies

A cornerstone of Bo?s Chongqing model involved a series of egalitarian social policies aimed to lessen the gap between rich and poor, and ease the rural-urban divide. Bo promoted the notion of pursuing ?red GDP??an economic model embodying communist egalitarianism?and suggested that, if economic development were analogous to 'baking a cake', then the primary task should be to divide the cake fairly rather than building a larger cake.

To that end, the city reportedly spent $15.8 billion on public apartment complexes for use by recent college graduates, migrant workers and low-income residents. In 2007, the cities of Chongqing and Chengdu were selected to run pilot projects intended to mitigate the rural-urban divide and ease integration of rural residents into the cities. Under China?s hukou registration system, citizens are classified as either rural or urban?a distinction that determines nor only where they may live, but also affects educational opportunities, taxation, property rights, and so on. Of Chongqing?s 32 million residents, only 27% held urban hukous as of 2007. The 2007 project made it easier for rural residents to obtain urban status, a policy intended not only to help balance inequality, but also to enable the government to develop underused rural land. Under Bo?s leadership, Chongqing established ?land exchanges? where rural villages could earn credits for maximizing farmland.

Bo's approach to social policy was demonstrated during the November 2008 taxi strikes, which saw over 8,000 taxi drivers take to the streets for two days in protests over high fees, unregulated competition and rising fuel charges. Similar protests in China are frequently suppressed?sometimes forcefully?with official media sometimes blaming labor unrest on criminal instigation. Bo's government instead held a televised roundtable dialogues with the protesters and citizens, and agreed to allow the formation of a trade union. His handling of situation earned him praise as a comparatively restrained and progressive leader.

Economic policies

Another major component of Bo?s Chongqing model concerned the city?s economic policies. Just as he had done in Liaoning province, Bo ambitiously pursued foreign investment in the city, lowering corporate income tax rates (15% compared to the 25% national average), and sought to stimulate rapid urbanization and industrialization. He also carried on with policies initiated by his predecessors which focused on domestic consumption, rather than export-led growth. During his tenure, Chongqing reported annual GDP growth far exceeding the national average. In 2008, for instance, nationwide GDP growth was reported at 8%, while Chongqing reported 14.3%; the same year, foreign trade rose by 28%, and bank loans were up 29%.

Bo model of economic growth won national and international praise for seamlessly combining foreign investment and state-led growth. However, Bo's critics called the model of ?red GDP? ? subsidized infrastructure, housing and public works projects ? unsustainable and a drain on the city's budget. Some civil servants complained that they were not getting salaries on time. Chongqing received a disproportionately high share (some $34 billion) of stimulus money from the Beijing in 2008. Political rivals such as Bo?s predecessor Wang Yang also suggested that economic figures in Chongqing were ?rigged??artificially inflated through unnecessary construction and public works projects.

Leadership style

Although many of Bo?s campaigns earned popular support, especially from the city?s poor, his leadership style has been described as ?propagandistic,? ?ruthless,? and ?arrogant? by subordinates and city officials, academics, journalists, and other professionals. Michael Wines of the New York Times wrote that although Bo was possessed of ?prodigious charisma and deep intelligence,? these qualities were offset by a ?studied indifference to the wrecked lives that littered his path to power?Mr. Bo?s ruthlessness stood out, even in a system where the absence of formal rules ensures that only the strongest advance.? Bo placed onerous demands on government officials in the city, requiring them to be available to work all day and all night, seven days a week. He reportedly called subordinates to late-night meetings, publicly criticized and humiliated those with whom he disagreed, and even hit underlings who failed to meet his demands. According to a psychologist quoted in the Daily Telegraph, since Bo Xilai assumed power, "depression, burn out and suicides have all risen among officials?Officials now make up the largest share of patients in counselling in the city.?

In late 2009, a popular investigative television show on China Central Television aired a critical story on Bo?s anti-crime drive, expressing concern over the apparent disregard for the legal process. In response, Bo utilized his connections to have the show?s host temporarily banned from the airwaves, and its producer moved to another program. Others who opposed Bo?s initiatives were also met with retribution. Li Zhuang, a defense lawyer from Beijing, was sentenced to two and a half years in prison (lated reduced to 18 months) in 2009 for attempting to defend one of the high-profile targets of Bo?s crackdown. Cheng Li, a scholar at the Brookings Institution, remarked that ?Nobody really trusts [Bo]: a lot of people are scared of him, including several princelings who are supposed to be his power base.?

Alleged eavesdropping operations

As part of Bo?s efforts to fight crime and maintain social and political stability in Chongqing, he initiated a major electronic surveillance operation. Wang Lijun, Bo?s police chief, served as the architect of the state-funded project, which was described in official media as a ?comprehensive package bugging system covering telecommunications to the Internet.? The system involved wiretaps, eavesdropping, and monitoring of internet communications, and was designed with the help of cybersecurity expert Fang Binxing, known for his pivotal role in the construction of China?s Great Firewall.

According the New York Times, the eavesdropping operations did not only target local criminals, but also the communications of top Chinese leaders, including general secretary, president Hu Jintao. One source connected to the Chinese leadership said that Bo tried to monitor nearly all central leaders who had visited Chongqing. In August 2011, a phone call between Hu Jintao and anti-corruption official Ma Wen was found to be wiretapped under Bo?s orders. The revelation about the eavesdropping operation resulted in intense scrutiny from Central Commission for Discipline Inspection, and contributed in Bo?s downfall in 2012.

Death of Neil Heywood

On 14 November 2011, British citizen Neil Heywood was found dead in his Chongqing hotel room. At the time, local authorities declared he had died from alcohol over-consumption, though his family noted that he was not a heavy drinker. The official cause of death was not scrutinized until several months later, when revelations emerged that Heywood?s death was a homicide, and Bo Xilai was implicated.

Heywood served as an intermediary linking western companies to powerful Chinese politicians. He was a long-time associate of the Bo family: he reportedly shared a close personal relationship with Bo?s wife, Gu Kailai, and had helped the couple?s son earn admission to Harrow School in England. Heywood also allegedly served as a middleman for the family, helping them clandestinely move large sums of money overseas.

In October 2011, Heywood reportedly had a business dispute with Bo?s wife, Gu Kailai, when he demanded a higher commission for his services. The dispute escalated, with Heywood ultimately threatening to reveal the family?s business dealings and overseas assets, estimated to total in excess of $136 million. Heywood was then allegedly poisoned by Gu and an assistant.

Downfall

Wang Lijun incident

In early 2012, the party's Central Commission for Discipline Inspection bolstered its presence within Chongqing as the city's leaders came under investigation. Much of the attention focused on Bo's police chief, Wang Lijun, who may have been under investigation for his role in a corruption case in Liaoning province. Growing scrutiny over the city's wiretapping operation against senior leaders also likely fell mainly on Wang. Although details are scarce, several sources have suggested that Wang's resentment against Bo grew amidst the investigations?resentment that was compounded when Wang realized that he and his wife had also been targets of wiretapping under Bo's orders.

Moreover, Wang was privy to details of Neil Heywood's death, and had reportedly attempted to voice his concerns to Bo about alleged poisoning. Around 16 January, Wang is believed to have confronted Bo over evidence that implicated Bo's wife in the murder. Although Bo initially agreed to allow an inquiry, he then changed course and sought to obstruct investigations. Wang was abruptly demoted on 2 February to the far less prestigious position of Vice-mayor overseeing education, science, and environmental affairs. Bo placed Wang under surveillance, and several of his close associates were reportedly taken into custody. Some reports allege that Bo may have been plotting to have Wang assassinated.

On 6 February 2012, apparently fearing for his life, Wang traveled to the U.S. consulate in the nearby city of Chengdu, bringing evidence implicating Bo and his family in the Neil Heywood murder. According to reports, Wang sought and was denied asylum in the United States. He remained in the consulate for approximately 24 hours before leaving "of his own volition" and being taken into the custody of state security officials dispatched from Beijing. Local media in Chongqing announced that he was on a mental health-related sick leave.

A day after Wang's leave, several overseas Chinese-language news websites posted an open letter allegedly penned by Wang, which sharply criticized Bo as a "hypocrite" and "the greatest gangster in China" and accused Bo of corruption. Without knowing what incriminating material Wang may have held against Bo, even Bo's supporters in China's top leadership were reluctant to vouch for him. Bo responded in an unusually open press conference during the 2012 National People's Congress, acknowledging "negligent supervision" of his subordinates, saying he may have "relied upon the wrong person".

Removal from posts

On 15 March, Bo was dismissed as Chongqing party chief and its related municipal posts, while temporarily retaining a seat on the Politburo. Due to the potentially destructive effects Bo's dismissal would have on party unity, party elders were consulted on the matter. The decision was reportedly made at a meeting of the Politburo Standing Committee on 7 March, during which security tsar Zhou Yongkang cast a lone dissenting vote. On 14 March, Bo was reprimanded by Premier Wen Jiabao during the Premier's annual press conference. Wen called the achievements of Chongqing "significant," but the result of "multiple administrations," i.e., not just Bo himself. Wen also made numerous allusions to the damage wrought by the Cultural Revolution, an indirect rebuke of Bo's efforts to revive "red culture". Addressing high-level political changes by a Premier to an open public forum was unprecedented. Political observers believe that Wen's remarks and Bo's downfall represented a consensus within the central leadership that Bo not only needed to shoulder the responsibility for the Wang Lijun scandal, but also marked a significant victory for liberal reformers.

On 10 April, Bo was suspended from the party's Central Committee and its Politburo, pending investigation for "serious disciplinary violations." Bo's wife, Gu Kailai, was now a prime suspect in the inquiry into the death of British businessman Neil Heywood. The announcements, carrying criminal implications, likely marked the end of Bo's political career.

Aftermath

Bo's downfall elicited strong reactions among the Chinese public and with commentators across the political spectrum. Leftist websites such as Utopia, Red China, and Maoflag were full of angry commentary over Bo's dismissal. These websites were shut down for a period of "maintenance" shortly after. Leftist commentators voiced support for Bo: Kong Qingdong called Bo's dismissal 'a plot by enemies of the state'; Sima Nan said associating Bo with the Cultural Revolution was a 'smear campaign'; Sima's pro-Bo microblogs were censored. Large numbers of sympathetic posts for Bo appeared in microblogs from Chongqing, and Dalian, where Bo was once mayor. The Global Times also wrote a sympathetic editorial. Liberal media reacted positively, criticizing Bo's style of 'personality-based rule' as dangerous and regressive. Right-leaning commentators said Bo's downfall signified a 'correct orientation' to China's future development. Southern Media Group editor Yan Lieshan remarked that Bo correctly identified China's problems but prescribed the wrong solution. Businesspeople whose assets were seized by Bo's administration in Chongqing also reacted positively.

Bo's dismissal caused political shockwaves unseen since the Tiananmen Square protests of 1989, and exposing internal conflicts within Communist Party. In the weeks following 15 March, party authorities deliberated on Bo's case. In the absence of official reports of the proceedings, microblogs churned out a flood of speculation, including rumours of a coup. In response, the authorities instructed newspapers and websites to strictly report only official releases, and arrested six people accused of 'rumourmongering'.

Aware of its potentially divisive impact, authorities carefully controlled media coverage of Bo's removal from office. State media reported 'pledges of loyalty' to the party's decision to disgrace Bo, including statements from the new Chongqing party authorities, Beijing municipal organs, and grassroots party members rallying to the party line. The party's mouthpiece People's Daily issued a front-page editorial calling for unity behind the "correct decision". The military held 'political education' sessions on short notice, stressing unity and loyalty to the Party under the leadership of Hu Jintao. Bo's downfall also affected his ally Zhou Yongkang, who had reportedly relinquished his operational control over Chinese security institutions and lost the right to influence who would succeed him at the 18th Party Congress.

Political alignment and affiliations

In the course of his career, Bo Xilai was the beneficiary of considerable patronage from former Communist Party leader Jiang Zemin. He is thus associated with Jiang?s faction, sometimes referred to as the ?elitists,? that is generally known to favor a model that emphasizes free trade, economic development in the coastal regions, and export-led growth. It is a coalition composed largely of ?princelings? (the children of high-ranking former party leaders), business people, leaders of coastal cities, and members of the erstwhile "Shanghai clique." By contrast, the ?populist? coalition of Hu Jintao and Wen Jiabao advocates more balanced economic development and improvements to China?s social safety net. The populist faction is generally associated with the "left," and comprised rural leaders, socialist intellectuals, and several leaders who rose to prominence through their connections with the Communist Youth League.

Although Bo is identified with the elitist bloc for his time in Liaoning and as Minister of Commerce, during his tenure in the interior city of Chongqing, he adopted a number of populist policies more typically associated with the left. Namely, he implemented social housing programs, gave residency status (and therefore the associated social welfare benefits) to rural migrant workers, and emphasized a need for a more balanced distribution of wealth. Although Bo relentlessly pursued technology, capital, and business opportunities, he also spearheaded a large number of government programs to help the working class and disadvantaged groups. Bo?s campaigns against corruption also allegedly seized the assets of private entrepreneurs, in turn funneling these funds into state projects and welfare programs, effectively re-asserting state control over wealth. He also sought to promote ?red culture,? and mandated the revival of Mao-era slogans and songs, evoking a time of an egalitarian society.

Bo's policies in Chongqing ultimately made him a prominent figure among neo-Maoists and leftists, and a representative of the conservative wing of the Communist Party. Although Bo did not favor the discontinuation of market economics or a return to Mao-era policies, he was seen to advocate a strong role for the state in peoples' lives. Bo?s anti-corruption campaign, in particular, earned him a reputation for heavy-handedness and authoritarian methods in crime and punishment. Bo?s policies put him in opposition to the more liberal and reform-oriented faction, particularly Premier Wen Jiabao and Guangdong party chief Wang Yang, who favored the strengthening of rule of law and a continuation of political reform. To observers, Bo and Wang's verbal warfare over the future direction of development marked an increasing polarization of Chinese politics into leftist and reformer camps.

Family

Bo's first wife was Li Danyu, the daughter of former Beijing Party First Secretary Li Xuefeng. Their son, Li Wangzhi, graduated from Columbia University in 2001. Li Danyu insisted that her son change his surname to Li following her divorce from Bo Xilai. Li Wangzhi is reportedly low-key and modest, and has a master's degree in media studies. He worked at Citibank and a law firm in Beijing.

Bo married his second wife, Gu Kailai, in 1986. Gu was a prominent lawyer and founder of the Kailai lawfirm in Beijing. Gu?s father, Gu Jingsheng, was a Communist revolutionary. Her mother, Fan Chengxiu, is a descendant of the renowned Song Dynasty Prime Minister and Poet Fan Zhongyan. Gu has been charged with the murder of British businessman Neil Heywood.

Bo Xilai drew criticism from others in the party for his high-profile courting of media attention and using his family pedigree to further the interests of his wife and her law firm. Bo denied that his wife had profited from his position, saying that his wife had retired her legal practice while the couple lived in Dalian in the 1990s. Bo said that Gu "now basically just stays at home, doing some housework for me." Jiang Weiping claimed that Gu served as Bo's "gatekeeper" when Bo was the mayor of Dalian, regularly accepting gifts and bribes from property developers seeking access to him, and from Party officials seeking government appointments. There was speculation that Bo Xilai may have attempted to interfere with a corruption investigation into his wife. Following his dismissal, his wife was reported to have been implicated in the death of British businessman and family friend Heywood.

Bo and Gu have one son, Guagua. He attended Harrow School, and was later admitted to Balliol College, Oxford, where in 2006 he started studying for a degree in Philosophy, Politics and Economics. Guagua then went on to study at Harvard's Kennedy School of Government. Bo Guagua's high-profile and privileged lifestyle has provided tabloid fodder for Chinese-language media. Asked how he could afford his son's tuition fees on his estimated annual salary of $22,000, Bo replied that his son received "full scholarships" from the respective institutions. Maclean's reported that Bo's family associate Heywood pulled strings to have Guagua accepted into Harrow, shortly after becoming involved with Bo.

Bo Xiyong, Bo Xilai's eldest brother, is a vice-chairman and executive director of Hong Kong-listed China Everbright International, but does so under a pseudonym. Although the name used, according to company filings, is 'Li Xueming', the company declined to confirm if they are one and the same.

See also

  • Politics of Liaoning
  • Politics of Chongqing
  • References

    External links

  • News about Bo Xilai at China Digital Times.
  • Biography and recent career data at China Vitae, an online biographical database of Chinese VIPs
  • The Bo Xilai Crisis: A Curse or a Blessing for China?, Interview with Cheng Li (April 2012)
  • Category:1949 births Category:Living people Category:Mayors of Dalian Category:Peking University alumni Category:Politicians from Beijing Category:Politicians of the People's Republic of China Category:Crown Prince Party Category:Red Guards * Category:Chinese communists Category:Government ministers of the People's Republic of China

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    Source: http://article.wn.com/view/2012/09/29/Timeline_of_Chinese_politician_Bo_Xilai_s_downfall/

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    Palace won't complain over naked Harry photos

    LONDON (AP) ? Royal officials say they won't complain to Britain's press watchdog about naked pictures of Prince Harry partying in Las Vegas that appeared in a British tabloid.

    The Sun newspaper ran the snapshots last month after they had appeared online and were reproduced around the world.

    Harry's St. James's Palace office said Friday it had decided not to pursue a complaint with the Press Complaints Commission.

    The palace said a complaint would be a distraction from Harry's deployment in Afghanistan, where he is serving as a helicopter pilot, and it "would not be prudent to pursue the matter further."

    The decision stands in contrast to the lawsuit and criminal complaint the palace has filed in France against a magazine that ran topless pictures of Prince William's wife, Kate.

    Source: http://news.yahoo.com/palace-wont-complain-over-naked-harry-photos-104426885.html

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    Saturday, September 29, 2012

    British GENES (British Genealogy News and Events): FMP Merchant ...

    FamilySearch has added more indexes to FindmyPast collections on its site at www.familysearch.org. The new collections are for FindmyPast's Merchant Navy records from 1835-1941, as well as the Chelsea Pension and Militia records found at www.findmypast.co.uk.

    I've been researching a particular merchant naval man called Fleming Bishop, and a quick search found three entries. I've already seen the records on FMP, but here is how FamilySearch portrays the result:

    Name: Fleming Bishop
    Event type: Military Service
    Event year range: 1845-1854
    Event place: United Kingdom
    Birthplace: Fife
    Birth year: 1825
    Film number: 1482506
    Digital folder number: 004584960

    Military service? The collection states "This collection includes Merchant Navy Seamen records held at The National Archives. The contents of the records vary, but they usually include name, age, place of birth, register ticket, ship names, and dates of voyages. These records come from The National Archives' record series BT112, BT113, BT114, BT115, BT116, BT119 and BT120." In fact, the recent addition of records to Ancestry on merchant seamen provides considerable detail on his movements, including a handwritten account of a vessel in his care as master which sank near the United States, from which he had to be rescued. No mention of any shots fired in anger at any point!

    Chris

    Scottish Research Online - 5 weeks online Pharos course, ?45.99, taught by Chris Paton from 26 SEP 2012 - see www.pharostutors.com
    New book: It's Perthshire 1866 - there's been a murder... www.thehistorypress.co.uk/products/The-Mount-Stewart-Murder.aspx?(from June 12th 2012)

    Source: http://britishgenes.blogspot.com/2012/09/fmp-merchant-navy-and-military-indexes.html

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    Learn why these local nurses, social worker and funeral director ...

    Learn why these local nurses, social worker and funeral director were reprimanded

    These?disciplinary and licensing actions?were announced recently?by Pennsylvania's?licensing boards against professionals who live and work in the Lehigh Valley area. The information is taken verbatim from the PA Department of State's website, where you can find all of the actions against professionals statewide.

    PA Board of Barber Examiners

    Montgomery County

    Rebecca K. Avalon-Peck, license no. BL052142, of Pottstown, Montgomery County, was suspended for
    failure to pay a previously imposed civil penalty. (03/29/12)

    PA Board of Certified Real Estate Appraisers

    Montgomery County

    Dennis E. Hosgood, Certificate No. RL138962, of King of Prussia, Montgomery County, was suspended
    for at least three months and ordered to pay a civil penalty of $2,500 because he failed to retain an
    appraisal work file when required by a state enforcement authority. (06/19/12)

    PA Board of Chiropractic

    Berks County

    Deborah A. West, license no. DC007933L, of Boyertown, Berks, had her license suspended for three
    years with the suspension stayed in favor of three years of probation and was assessed a civil penalty of
    $1,000 because she was convicted of misdemeanor crimes in the practice of chiropractic. (05/31/12)

    PA Board of Cosmetology

    Montgomery County

    La Vicky's Unisex Salon, license no. CB124165 of Norristown, Montgomery County, was ordered to pay
    a civil penalty in the amount of $550 and costs of investigation in the amount of $107.59 because it failed
    to provide supervision of a licensed cosmetologist for two employees who had temporary licenses and
    failed to have a reception desk. (09/10/12)

    Heather Nicole Freeland, license no. CO253591, of Bridgeport, Montgomery County, was ordered to pay
    a civil penalty in the amount of $500 because she practiced cosmetology on a lapsed license. (09/10/12)

    PA Board of Dentistry

    Berks County

    Eugene Charles Kardelis, Jr., license no. DS027961L of Fleetwood, Berks County, was actively
    suspended for no less than three years, retroactive to December 1, 2010, such suspension to be followed
    by no less than five years probation subject to certain terms and conditions, because he was unable to
    practice dentistry with reasonable skill and safety to patients by reason of illness, excessive use of
    controlled substances or chemicals, or as the result of a mental or physical condition. (07/27/12)

    Bucks County

    Marguerite S. Lantzy, license no. DH006732L, of New Hope, Bucks County, was ordered to pay a civil
    penalty of $250, her license was publicly reprimanded, and she is ordered to complete five hours of
    continuing education within six months of the effective date of this Consent Agreement because she did
    not complete the requisite 20 credit hours of continuing professional education during calendar year 2006
    in the biennial period April 1, 2007 to March 31, 2009 (07/27/12)

    Montgomery County

    Susan A. Fox, license no. DS037400, of Lafayette Hill, Montgomery County, was temporarily suspended,
    pending a hearing, on the grounds that her continued practice of dentistry within the Commonwealth may
    be an immediate and clear danger to the public health and safety. (09/14/12)

    PA Board of Funeral Directors

    Schuylkill County

    William F. McDonald, license no. FD013694L, of Girardville, Schuylkill County, had his license
    suspended for violation of conditions to a previous consent agreement entered into with the
    Commonwealth. (03/08/12)

    PA Board of Medicine

    Carbon County

    Mark Germine, license no. MD442538, of Lehighton, Carbon County, was temporarily suspended,
    pending a hearing, on the grounds that his continued practice of medicine within the Commonwealth may
    be an immediate and clear danger to the public health and safety. (08/02/12)

    Montgomery County

    Mark Richard Krakovitz, license no. MD033369E, of Gladwyne, Montgomery County, was suspended
    pursuant to the Order of the Court of Common Pleas of Montgomery County dated May 14, 2012, which
    the court issued under section 4355 of the Domestic Relations Code. The suspension is effective
    immediately. (05/29/12)

    Stephanie M. Green, license no. MW010179, of Glenside, Montgomery County, was indefinitely
    suspended for no less than three years retroactive to September 19, 2011, with such suspension stayed
    immediately in favor of no less than three years probation retroactive to September 19, 2011, subject to
    the Board's terms and conditions, because she is unable to practice the profession with reasonable skill
    and safety to patients by reason of addiction to drugs. (07/24/12)

    Secretary of the Commonwealth ? Notaries Public

    Berks County

    Jennifer Mitchell, notary commission no. 1066593, of Wyomissing, Berks County, agreed to the
    suspension of her notary commission for a period of three months, such suspension immediately stayed in favor of probation, subject to certain terms and conditions, to successfully complete a six-hour notary
    practice and procedure course, and to pay a civil penalty in the amount of $500 and probation assessment
    fees in the amount of $150 because she failed to, upon appointment and prior to entering into the duties of office of notary public, take and subscribe the constitutional oath of office and give a surety bond, payable
    to the Commonwealth, to be recorded and filed with the Secretary of the Commonwealth, and used a
    notary public seal while not a notary public thereby impersonating a notary public. (09/04/12)

    Lehigh County

    Amauris G. Almonte, notary commission no. 1217900, of Allentown, Lehigh County, agreed to the
    suspension of his notary commission for a period of six months, such suspension immediately stayed in
    favor of probation, subject to certain terms and conditions, to successfully complete a six-hour notary
    practice and procedure course, and to pay a civil penalty in the amount of $500 and probation assessment
    fees in the amount of $300 because he failed to give a certified copy of the register in the notary?s office
    to any person applying for same, failed to maintain an accurate chronological register of all official acts
    by that notary done by virtue of that notary?s office, and failed to be familiar with the duties and
    responsibilities of a notary public. (08/06/12)

    Karol D. Strausser, notary commission no. 1205875, of Gouldsboro, Lehigh County, permanently and
    voluntarily surrendered her notary commission because she failed to be familiar with the duties and
    responsibilities of a notary public, failed to maintain a chronological register of all official acts by that
    notary done by virtue of that notary?s office, and failed to notify the Secretary of the Commonwealth of
    her change of address. (09/11/12)

    Montgomery County

    Trina Wiltbank, notary commission no. 1251880, of Fort Washington, Montgomery County, voluntarily
    surrendered her notary commission along with any other licenses, registrations certificates or permits
    authorizing her to practice as a notary for a minimum period of five years because she failed to be familiar
    with the duties of a notary public and on at least one occasion failed to require a personal appearance as
    required. (08/06/12)

    Susan Turner, notary commission no. 1237652, of Fort Washington, Montgomery County, permanently
    and voluntarily surrendered her notary commission and any future right she may possess to apply for a
    new notary commission or other licenses, registrations, certificates or permits authorizing her to practice
    as a notary in the Commonwealth of Pennsylvania because prior to October, 2010, she failed to be
    familiar with the duties of a notary public; failed to log notarial acts as required; and on at least one
    occasion she failed to require a personal appearance as required. (08/06/12)

    Mary Lynch, notary commission no. 1228751, of Fort Washington, Montgomery County permanently and
    voluntarily surrendered her notary and permanently and voluntarily surrendered any future right she may
    possess to apply for a new notary commission or other licenses, registrations, certificates or permits
    authorizing her to practice as a notary in the Commonwealth of Pennsylvania because prior to October
    2010, she failed to be familiar with the duties of a notary public; prior to September 2009, failed to log
    notarial acts as required; and on at least one occasion prior to October 2010, she failed to require a
    personal appearance as required. (09/11/12)

    PA Board of Nursing

    Berks County

    Christa Ettele Remp, license no. RN510280L, of Reading, Berks County, was suspended for at least three
    years retroactive to February 27, 2012 based on findings that she violated the terms of a previously issued
    Board order. (05/17/12)

    Melissa Wade, license no. PN094018L, of West Lawn, Berks County, was placed on probation for
    pleading guilty to a misdemeanor involving moral turpitude. (02/27/11)

    Bucks County

    Susan M. Brady, license no. RN504172L, of Feasterville, Bucks County, was indefinitely suspended for
    no less than three years, and such suspension was stayed immediately in favor of no less than three years of probation subject to certain terms and conditions, because she failed to practice the profession with reasonable skill and safety to patients by reason of mental or physical illness or condition or physiological or psychological dependence upon alcohol, hallucinogenic or narcotic drugs or other drugs which tend to impair judgment or coordination. (07/16/12)

    Carbon County

    Colleen Lukash Taylor, license no. PN096524L of Summit Hill, Carbon County, was suspended for no
    less than three years retroactive to October 20, 2011 for violating a previously issued board order.
    (02/03/12)

    Lehigh County

    Carol Heimbach, license no. RN306398L of Bethlehem, Lehigh County, was indefinitely suspended for
    no less than three years, such suspension immediately stayed in favor of no less than three years of
    probation, subject to certain terms and conditions, because she failed to practice the profession with
    reasonable skill and safety to patients by reason of mental or physical illness or condition or physiological
    or psychological dependence upon alcohol, hallucinogenic or narcotic drugs or other drugs which tend to
    impair judgment or coordination. (07/16/12)

    Montgomery County

    Susan Pisut, license no. RN515201L, of Lansdale, Montgomery County, was indefinitely suspended
    retroactive to February 7, 2012, based on findings that she is unable to practice professional nursing with
    reasonable skill and safety to patients by reason of mental or physical illness or condition or physiological
    or psychological dependence upon alcohol, hallucinogenic or narcotic drugs or other drugs which tend to
    impair judgment or coordination. (04/23/12)

    Carol Dougherty Hackman, license no. RN288792L, of Ardmore, Delaware and Montgomery Counties,
    was actively suspended retroactive to December 2, 2011, based on findings that she violated the terms of
    a consent agreement and order entered into with the Commonwealth. (05/22/12)

    Stephanie Marie Green, license nos. RN570494 and SP009839, of Glenside, Montgomery County, was
    indefinitely suspended for no less than three years retroactive to September 19, 2011, with such
    suspensions stayed immediately in favor of no less than three years probation retroactive to September 19, 2011, subject to the board's terms and conditions, because she is unable to practice the profession with reasonable skill and safety to patients by reason of mental or physical illness or condition or physiological or psychological dependence upon alcohol, hallucinogenic or narcotic drugs or other drugs which tend to impair judgment or coordination. (07/16/12)

    Gina Monique DiCicco, license no. RN577413, of Willow Grove, Montgomery County, was indefinitely
    suspended for no less than three years retroactive to June 28, 2010, with such suspension stayed
    immediately in favor of no less than three years of probation retroactive to June 28, 2010, subject to the
    board's terms and conditions, because she is unable to practice the profession with reasonable skill and
    safety to patients by reason of mental or physical illness or condition or physiological or psychological
    dependence upon alcohol, hallucinogenic or narcotic drugs or other drugs which tend to impair judgment
    or coordination. (07/19/12)

    Northampton County

    Ann Marie Crostley, license no. RN505521L, Easton, Northampton County, was suspended for no less
    than three years retroactive to January 23, 2012, based on her failure to comply with the terms of a
    consent agreement and order she entered into with the Commonwealth. (03/07/12)

    Schuylkill County

    Patricia Munley James, license no. PN090122L, of Shenandoah, Schuylkill County, voluntarily
    surrendered her license because she is unable to practice nursing with the requisite skill and safety in that she is addicted to alcohol or is addicted to hallucinogenic or narcotic drugs or other drugs which tend to
    impair judgment or coordination, or has become mentally incompetent. (07/16/12)

    Real Estate Commission

    Monroe County

    Donna L. Philip, license no. RS296398 of Saylorsburg, Monroe County, permanently and voluntarily
    surrendered her license because she substantially misrepresented to the buyer that the money that was
    presented to her would be paid to the seller's broker for the purchase/lease of the property, failed to deal
    honestly and in good faith in the handling of the money that the buyer gave her for the purchase/lease of
    the property, and failed to promptly on receipt by her of a deposit or other escrow funds on any
    transaction in which she is engaged on behalf of her broker-employer to pay over the deposit to the
    broker. (07/17/12)

    Schuylkill County

    Nancy Mellor, unlicensed, of Pottsville, Schuylkill County, was assessed a $1,000 civil penalty and
    ordered to cease and desist from engaging in real estate activities that would require licensure based on
    findings that she practiced property management without possessing a license. (03/14/12)

    PA Board of Speech-Language and Hearing Examiners

    Lehigh County

    Nonie Grace Whyld-Thomas, license no. SL008356, of Macungie, Lehigh County, was ordered to pay a
    civil penalty of $450 because she practiced speech-language pathology while her license was lapsed.
    (07/13/12)

    Montgomery County

    Pamela Annette Brescia, license no. SL002535L, of Wynnewood, Montgomery and Delaware Counties,
    was ordered to pay a civil penalty of $1,000 and her license was publicly reprimanded because she
    practiced speech-language pathology while her license was lapsed. (07/13/12)

    Donna R. Harris, license no. SL002535L, of Lafayette Hill, Montgomery County, was ordered to pay a
    civil penalty of $1,450 because she practiced speech-language pathology while her license was lapsed.
    (07/13/12)

    Karen Jacobs Cooper, license no. AT000164L, of East Norriton, Montgomery County, was ordered to pay
    a civil penalty of $1,100 and her license was publicly reprimanded because she practiced audiology while
    her license was lapsed. (07/13/12)

    PA Board of Social Workers, Marriage and Family Therapists and
    Professional Counselors

    Bucks County

    Alicia Abel Powers, license no. CW014615 of Doylestown, Bucks County, was ordered to pay a civil
    penalty in the amount of $400 and, within six months of the effective date of this order, complete four
    hours of continuing education necessary to meet the requirements for the March 1, 2009 to February 28,
    2011 biennial reporting period, because she failed to complete 30 clock hours of continuing education in
    acceptable courses and programs offered by approved providers; failed to provide information to
    document certification of compliance with continuing education requirements; and submitted a false or
    deceptive biennial renewal to the board. (09/04/12)

    Lehigh County

    Jaimee Walters, license no. SW122708, of Bethlehem, Lehigh County, was ordered to pay a civil penalty
    of $2,200 and, within six months of the effective date of the order, complete the 22 hours of continuing
    education necessary to meet the requirements for the biennial reporting period of March 1, 2009 to
    February 28, 2011, because she failed to complete 30 clock hours of continuing education to meet the
    requirements for the biennial reporting period of March 1, 2009 to February 28, 2011. (09/04/12)

    PA Board of Vehicle Manufacturers, Dealers and Salespersons

    Northampton County

    Annamarie Remmel, license no. MV181453, of Bangor, Northampton County, was assessed a $500 civil
    penalty and suspended for a period of one year stayed in favor of probation based upon her conviction of
    a crime involving moral turpitude and making a material misstatement on her application for licensure.
    (06/07/12)

    PA Board of Veterinary Medicine

    Montgomery County

    David Adam Rapoport, license no. BV011944, of Lansdale, Montgomery County, was ordered to pay the
    costs of investigation in the amount of $196.92 and his license to practice the profession was revoked
    because he was convicted of crimes of moral turpitude by entering a guilty plea to murder in the first
    degree and first degree murder of an unborn child. (08/03/12)

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    NOTE: Please express your opinions in a civil and respectful manner. Insensitive, inflammatory and derogatory comments will be removed at our discretion.

    Source: http://blogs.mcall.com/watchdog/2012/09/learn-why-these-local-nurses-social-workers-and-funeral-director-were-reprimanded.html

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