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. BecomeHuman

    Hey GOBACK. That was probably the most ignorant comment I have seen this week! Please do your mother & father a favor and change your mindset. Your level of thinking is really childish. If you have children, & they ever decide to mate with someone other than 'your species', you are will have to decide to either love their 'feces specied' creation or eat your words! Word to the wise...EAT your words & just love up on people! We have too much hate in this world. Make a change for the better. Start with yourself.

    July 8, 2011 at 9:04 am | Report abuse |
  2. Kofi Asirifi

    Is that a negative trait?

    July 8, 2011 at 9:11 am | Report abuse |
  3. Irh

    GOBACK, where did you come from? YOU are the one that needs to go back! and Andre you can join him.
    Your comments do nothing to promote goodness. Thankfully, many of these soon to be citizens of a new nation are Christ followers and by the power and grace of God will forgive the likes of you and other oppressors. These beautiful "so black" children could probably see right through you. BTW, I am white and free from prejudice and freedom is wonderful!

    July 8, 2011 at 9:12 am | Report abuse |
  4. Irh

    Jeff- if you do a search you will see that the North is already attacking again. I doubt the present Khartoum government will ever give up.

    July 8, 2011 at 9:19 am | Report abuse |
  5. CalDude

    It'll be just another poor African nation run by thugs asking for billions in handouts.

    July 8, 2011 at 9:33 am | Report abuse |
  6. Bob in Pa

    So how long before the North and South Sudans are at war ?

    July 8, 2011 at 9:37 am | Report abuse |
  7. Diether

    @ Dr Pooperstien:
    I hope that you will be having a good weekend also.
    I enjoy your offerings hier.

    July 8, 2011 at 9:39 am | Report abuse |
  8. Marc L from NY

    If the news about South Sudan doesn't speak volumes, I don't know what does. The Muslim north started a civil war with the Christian south, killing about 2 million. The non Muslim south separates and forms a new government. They couldn't live with the Muslim north. Lesson to be learned I think.

    July 8, 2011 at 9:45 am | Report abuse |
    • anonymous

      the north didn't start anything, at first before 1946 north sudan and south sudan were seperate, it was because of the British that the 2 nearly separate countries were combined in the British (and Egyptian) interest. then after many years of peace due to Britain over view. as soon as the british and egyptians decided to give sudan independence did things rally up, and they both started a civil war for personal interests. it was only a matter of who took the first shot.

      July 8, 2011 at 11:23 am | Report abuse |
  9. palintwit

    They'll call their first trailer park ' Palin-ville '.

    July 8, 2011 at 9:46 am | Report abuse |
  10. Joey Isotta-Fraschini

    @ Kofi Asirifi:
    The implication of your question is valid.

    July 8, 2011 at 9:47 am | Report abuse |
  11. Hank Zmith

    Oh Great.
    Another Third World, Useless, Worthless Country America will end up having to send Billions of Dollars in Aid to.

    July 8, 2011 at 9:48 am | Report abuse |
    • worldpolice

      you are an idiot!

      July 8, 2011 at 9:56 am | Report abuse |
    • anonymous

      well, due to the obvious corruption in these third world countries these billions of dollars being sent for aid is going into only a few peoples pockets. For example look at the ROYALTY due you really think that Sudan really needs to spend money so their royalty can have a very long vacation in the north, getting hotels such as the beverly hilton?? of course not, if they were true royalty that wanted to help their nation, they would be using the money to build schools and enhance security. other countries should not just send money to these 3rd world countries, they should sen representatives with the money so the can see through what is actually being spent on in the interest of the 3rd world country, unfortunately this is not being done.

      July 8, 2011 at 11:32 am | Report abuse |
  12. Philip

    Good idea this dividing of a country along ethnic lines. Now the other side will need armed. Another customer for the Pentagon? France? Somebody better arm them, or their coming civil war will be a slaughter.

    July 8, 2011 at 9:55 am | Report abuse |

    With outcome foretold, the recent referendum on the "independence" of oil-rich South Sudan is part of a deeper agenda bearing little relation to human rights concerns. The real question is not if, but who has been stoking the flames of conflict and violence in Sudan. This pundit sees a link between the Sudanese referendum and other processes unfolding in the region, which spell out the overlapping U.S. and Israeli agendas for energy resources control and the balkanization of East Africa and the Arab World.

    July 8, 2011 at 9:55 am | Report abuse |

    Sudan supplies China with a substantial amount of oil. The geo-political rivalry between China and the U.S. for control of African and global energy supplies is the real reason for the chastisement of Sudan and the strong support shown by the U.S., the E.U., and Israeli officials for the seccession of South Sudan.

    July 8, 2011 at 10:00 am | Report abuse |
    • hehe101

      The Geo Political scenario between the US and China you describe is similar to what happened between the major european powers during the start of the 20th century. But that started fueled the tensions that led to World War I... not what we want to see.

      July 8, 2011 at 11:56 am | Report abuse |

    Either directly or through proxies in Africa, the U.S., the E.U., and Israel are the main architects behind the fighting and instability in both Darfour and South Sudan. These outside powers have assisted in the training, financing, and arming of the militias and forces opposed to the Sudanese government within Sudan. They lay the blame squarely on Khartoum’s shoulders for any violence while they themselves fuel conflict in order to move in and control the energy resources of Sudan. The division of Sudan into several states is part of this objective. Support of the JEM, the South Sudan Liberation Army (SSLA), and other militias opposed to the Sudanese government by the U.S., the E.U., and Israel has been geared towards achieving the objective of dividing Sudan.

    July 8, 2011 at 10:05 am | Report abuse |
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