On the Radar: A new country, royals in L.A., new FDIC chief
Children rehearse for South Sudan independence day ceremonies.
July 8th, 2011
06:09 AM ET

On the Radar: A new country, royals in L.A., new FDIC chief

Three things you need to know today:

South Sudan: Final preparations are being made Friday in what on Saturday will be the world's newest county, South Sudan.

In January, voters in predominantly Christian southern Sudan overwhelmingly approved a referendum to split with the Muslim north. The referendum was part of a 2005 peace deal that helped end a decades-long civil war.

That war created a class of refugees who drifted in and out of neighboring countries - many on foot - to flee violence and famine that left about 2 million people dead.

Now scores have returned to witness the birth of a nation.

"I cannot believe this day is finally here," says Victoria Bol, a resident of Grand Rapids, Michigan, who has returned to the new capital of Juba for independence day. "It is very emotional. I'm excited, but I'm also thinking of all the people who died for this to happen."

Royals in California: Prince William and his wife, Catherine, will land in Los Angeles on Friday evening for the last leg of their whirlwind North American tour that started in Canada last week.

Gov. Jerry Brown and his wife will welcome the royal couple.

After arriving at the Los Angeles International Airport, the couple will make their way to their first event at the Beverly Hilton in Beverly Hills.

The conference draws British and American venture capitalists, and leaders from the technology industry looking for new investment opportunities and ways to create jobs in both countries.

New FDIC chief: Sheila Bair, who shepherded the Federal Deposit Insurance Corp. through one of the worst financial shocks in history, steps down on Friday.

Bair emerged as a central figure in the government's response to the banking crisis that dominated her five years in office. She was lauded for broadening the FDIC's power to take over large financial institutions that pose a threat to the economy and pushing banks to modify home loans for troubled borrowers.

Bair's successor is Martin Gruenberg,  the FDIC's vice chairman, who was nominated in June by President Obama. He will become acting chairman on Monday, pending Senate approval.

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Filed under: Business • California • Economy • Politics • Prince William • Sudan • World
soundoff (84 Responses)
  1. Philip

    @Mike...and you don't think that Halliburton bribing African leaders out of the African peoples oil has anything to do with the dire situation(s) in Africa? How'd you miss THAT? Foreigners have been bribing African leaders since the days of slave trading when africa's most valuanle resource was people. The same thing is happening today, only oil and diamonds are worth more than slaves now.

    July 8, 2011 at 11:22 am | Report abuse |
  2. Sheryl

    Oh, Philip, you said one of my favorite words!
    Hint: carbon.
    Mmmmmm.

    July 8, 2011 at 11:28 am | Report abuse |
    • Shann

      NICE!!!!!!!!!!

      July 8, 2011 at 12:10 pm | Report abuse |
  3. David Stone

    Now HERE is a success story waiting to happen, lol.

    July 8, 2011 at 11:48 am | Report abuse |
  4. Gabe

    Wow, so many of you guys are bashing this country,africa, and other countries.

    Cant we be happy for them, the have waited so many years for this day.

    July 8, 2011 at 11:53 am | Report abuse |
  5. Tyrone Stone

    great, another 3rd world country. just what the world needs.

    July 8, 2011 at 11:58 am | Report abuse |
    • Yeah but...

      didn't we all start off as a 3rd world country?

      July 8, 2011 at 12:25 pm | Report abuse |
    • rancholazer love

      Well aren't you a D bag

      July 8, 2011 at 1:12 pm | Report abuse |
  6. Cal

    There's a typo in this article. "County" instead of "Country." CNN, you may wanna fix that.

    July 8, 2011 at 12:05 pm | Report abuse |
  7. Perryboy

    If these people received tax-paid public assisant like some of this trailer trash, maybe they could drink beer all day too.

    July 8, 2011 at 12:06 pm | Report abuse |
  8. Derp

    I give it a week before it collapses.

    July 8, 2011 at 12:06 pm | Report abuse |
  9. Wright

    CNN : Please check your facts.
    The first sentence of this report says, "Final preparations are being made Friday in what on Saturday will be the world's newest county, South Sudan."
    It is NOT "COUNTY" but "COUNTRY".
    Sheer unprofessional-ism.

    July 8, 2011 at 12:15 pm | Report abuse |
  10. Philip

    The ~Royal's are coming to LA ! Perfect! Now we can demostrate to the entire world that we have the capacity, will, and the military to make the world a safer place. How? By having the princess walk down Compton Blvd. at 3am and survive the ordeal.

    July 8, 2011 at 12:20 pm | Report abuse |
  11. Philip

    South-Central LA iz a third-world. Ever been there? After dark? During the Rodney King riots? 28 fires burning. 52 dead. If that's not third-worldly, what is.

    July 8, 2011 at 12:32 pm | Report abuse |
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