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. The Dude

    Y ... M ... C... A !!!!

    July 8, 2011 at 6:20 am | Report abuse |
    • Guest

      more like afR..I..C..A

      July 8, 2011 at 10:46 am | Report abuse |
  2. Person

    I think you meant, country, not county.

    July 8, 2011 at 6:31 am | Report abuse |
  3. Mack in Hollywood

    I am glad that the royals are coming to Los Angeles.
    I will stand outside to see William's wife.
    She is interesting, although she is not as attractive as any hotel housekeeper.
    I wonder whether she could use a feather duster and an oiled rag or not.

    July 8, 2011 at 7:07 am | Report abuse |
  4. Diether

    @ Mack in Hollywood:
    You are not only stupid: you are a very sick man.

    July 8, 2011 at 7:09 am | Report abuse |
  5. Diether

    @ the troll who is being now Dr Pooperstien:
    Ja, you know, you are having a very good brain and World-view.
    You must develop it more into having a fine mind and then we can have some more funny jokes from you coming.

    July 8, 2011 at 7:25 am | Report abuse |
  6. Gracko

    Two border countries...one Muslim, one Christian. What could possibly go wrong?

    July 8, 2011 at 7:27 am | Report abuse |
    • martin

      They stay together..

      July 8, 2011 at 8:41 am | Report abuse |
    • anonymous

      rofl so true, gonna be like Israel v Egypt all over again, except withought americas help

      July 8, 2011 at 11:08 am | Report abuse |
    • hehe101

      It will not be like Israel and Egypt because it is a completely different story. Israel is a JEWISH state that was created to protect the Jewish people from mass destruction... South Sudan split from Sudan because of cultural differences. I'd say it's like Quebec, but they'd do that for revenge.

      July 8, 2011 at 11:49 am | Report abuse |
  7. Dr Poopenstien

    Thanks. ILL try to think up gooder ones. We hope you have a happy weekend.

    July 8, 2011 at 7:28 am | Report abuse |
    • anonymous

      no such thing as the word gooder, bro how old are you?

      July 8, 2011 at 11:09 am | Report abuse |
  8. Sandee

    I sure hope these two countries can co-exist peacefully. What a wonderful thing that would be.

    July 8, 2011 at 7:42 am | Report abuse |
    • Dan

      A Muslin country bordering a non-Muslim(regardless of faith) country is trouble anywhere you look in the world. Muslims are not a tolerant group.

      July 8, 2011 at 8:01 am | Report abuse |
    • jim

      They WILL live together peacefully, even if it takes the entire U.S. treasury and military to enforce it!

      July 8, 2011 at 8:41 am | Report abuse |
  9. Angels fan

    Big deal, not the first time Kansas City Royals cames to Anaheim.

    July 8, 2011 at 7:57 am | Report abuse |
  10. Dan

    Just one more African country that will be a black hole for the worlds financial and humanitarian aid.

    July 8, 2011 at 8:03 am | Report abuse |
    • detada

      @Dan: Humanitarianism is a human condition. You would not understand.

      July 8, 2011 at 8:21 am | Report abuse |
    • Cherri

      Wow! Were you abused as a child. What person wouldn't want to help the next if they need help? I served in the military to help protect others like you so that the war is in somebody else's backyard instead of ours. You're an idiot. And you fight with words from a desk. 🙁 2 thumbs down Dan

      July 8, 2011 at 9:38 am | Report abuse |
  11. Philip

    I remember as troops were being positioned and Congress was all set to vote "yes" for war on the Iraqi peoples, Sudan's UN rep. was reporting "the worst human-rights violations in modern history" as the Bush-lovin' Sudanese gov. were slaughtering their own citizens...even their herd animals were being machine-gunned. While on TV, the talking heads were celebrating 10 years without any ethnic cleanseing in Africa. Everyone pretended it wasn't happening. Over a million sudanese villager's fled The Sudan and begged for asylum. Every single nation on earth turned them away except for the poorest country, neighboring Chad. It reminds me of when thousands of Jewish people fled Nazi Germany in boats but were forced to return. Not one country invited them in. Not even Chad.

    July 8, 2011 at 8:08 am | Report abuse |
  12. supprimer

    Good for South Sudan, they've suffered enough.

    July 8, 2011 at 8:18 am | Report abuse |
  13. The Nerd

    Now all South Sudan needs is another National Olympic Committee, or they'll go to the '12 London Olympics as all of Sudan.

    July 8, 2011 at 8:45 am | Report abuse |
  14. Paul

    Wow that's so funny, your so cool. Your comment makes me feel happy tornadoes are ripping through trailer parks to clean the crap like you out of America.

    July 8, 2011 at 9:01 am | Report abuse |
    • bbop

      Paul: That remark was a bit over done don't you think??????????

      July 9, 2011 at 2:12 pm | Report abuse |
  15. Jeff

    So how long before South Sudan is at war?

    July 8, 2011 at 9:02 am | Report abuse |
    • Waylen

      Let's just hope and pray that there is no new wars.

      July 8, 2011 at 9:42 am | Report abuse |
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