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. Bill W.

    Keep it simple.

    July 8, 2011 at 10:11 am | Report abuse |
  2. Philip

    @LATIN LOVER...most excellent post. You just summed-up how it is that Africa's people starve as those raypeing her of her precious resources struggle with obesity, in jus a couple paragraphs! Very well said.

    July 8, 2011 at 10:12 am | Report abuse |

      Correct Philip! Africa is the richest area on the Planet, but multinationals are ripping it off!!! It is very scary because countries who have resources needed by the imperial powers are subjected to intimidation and invasion to grab those resources.

      July 8, 2011 at 10:22 am | Report abuse |
    • RonnieReagan

      The only reason it's rich are because it's inhabitants are the only segment of humans on the planet who have not had the common sense to tap into its resources. Now, mind you, this bodes well for the future if they can ever wisen up and learn how to leverage those resources ***BUT*** doesn't speak very highly anything they've demonstrated thus far.

      July 8, 2011 at 11:18 am | Report abuse |
  3. js

    Wait.."world's newest COUNTY?" Or um Country...spell check please!

    July 8, 2011 at 10:14 am | Report abuse |
    • tibs

      The new US County South Sudan

      July 8, 2011 at 10:25 am | Report abuse |
    • Spell checker

      I'm pretty sure 'county' is spelled properly. They just used the wrong word. No spell checker on earth will catch that slip.

      July 8, 2011 at 11:13 am | Report abuse |
  4. ketchupisfun

    Prediction: The US will send "humanitarian" bombs to the new country. And then realize that it's not oil, just a bunch of black people

    July 8, 2011 at 10:19 am | Report abuse |
    • Sixoh

      Typical racist Lib. Can't you just be happy for these people?? I am.

      July 8, 2011 at 10:26 am | Report abuse |
  5. Philip

    @Bill W. It's "keep it simple STUPID". and Bill Wilson was a spiritist into the occult. Dr. Bob's bying words were "Don't louse this thing up please." Then Bill W. proceed to do just that...louse it up. The 6-step program that worked wonders was changed to a 12-step program that has drunkkards doing whatever else they want, as long as they don't drink. Get a clue...AA has been compromised.

    July 8, 2011 at 10:21 am | Report abuse |

      The balkanization of Sudan is also tied to the Yinon Plan which is a continuation of British stratagem. The strategic objective of the Yinon Plan is to ensure Israeli superiority through the balkanization of the Middle Eastern and Arab states into smaller and weaker states. It is in this context that Israel has been deeply involved in Sudan.

      July 8, 2011 at 10:32 am | Report abuse |
  6. Craig

    Awesome, another 3rd world cesspool to sponge millions in aid of the USA. Not to mention the field day Al-Qaida will have recruiting in this wasteland. Ridiculous. These people are blinded by fantastic words like "independence" and "freedom" to realize that this decision will ensure their poverty until the end of time. Let the famines begin!

    July 8, 2011 at 10:25 am | Report abuse |
    • Sixoh

      The headline should read: Good Christians separate themselves from the Heathen muslims.

      July 8, 2011 at 10:28 am | Report abuse |
    • Adam

      They left the north to get away from Muslim tyrants. Africa has alot of Christians there trying to save themselves....Maybe do a fact check before putting all people of color not in the US in for Al Quaida

      July 8, 2011 at 10:38 am | Report abuse |
  7. Resident Alien

    I believe the south is predominantly animist not christian.

    July 8, 2011 at 10:33 am | Report abuse |
  8. J Boy

    Religion is such a positive thing. Really brings people together.

    July 8, 2011 at 10:38 am | Report abuse |
    • summan

      i wonder if religion will ever not be the source of most of the worlds death rate? Hard to imagine consittering there are pro-life actvists that will kill docters that do abortions. It's really rather childish to think that everyone should have to conform to a certain set of rules we all think act and feel differently about things. I find the key to peace and harmony with this is to consiter that their ways may not be my way but it does not mean it is the wrong way.

      July 8, 2011 at 11:52 am | Report abuse |
  9. mj

    who wants to knw what the prince is doing..with this wife Kate..
    Who cares where they end up goin on honey moon
    There is better stuff that can make the TOP 3 things to know today column

    July 8, 2011 at 10:53 am | Report abuse |
    • jon

      I certainly agree with you in that regard. I don't even bother commenting in main articles pertaining to them, but they threw that info in this one. I seriously don't care at all what any of the Royals are doing (not that they really do anything of significance to begin with). When Elizabeth II passes away and Charles becomes king, then I'd pay some attention because it's a historic event.

      July 8, 2011 at 10:59 am | Report abuse |
  10. Andy

    Religion continues to separate. Yay! We, the peoples of this planet, are indeed making progress.

    July 8, 2011 at 10:54 am | Report abuse |
  11. Dr. Bob

    @ Philip, speaking through Mrs. Eileen J. Garrett's horn with Feda as guide:
    I didn't know that Bill messed it up, and, being in the Light, I forgot the original six steps. Thank you for reminding me. I'll google them through Eusapia Palladino.
    I understand Bill's need for income–he was lousy at stocks–and all that time at the typewriter paid off for him. A little stilted in style, though, I thought.

    July 8, 2011 at 11:06 am | Report abuse |
  12. Joey Isotta-Fraschini

    @ mj:
    I want to know what Prince William is doing, and I want the royals' doings publicized.
    It's MY cultural heritage, even though you may want me to be denied its celebration.
    If others can have their drums, I can have my bagpipes.

    July 8, 2011 at 11:14 am | Report abuse |
  13. Mike

    It's politically incorrect to say it, but most sub-Saharan African nations would be better off today if they had never gained their independence back in the 50s and 60s. They would be better off if they were ruled by a benevolent colonial power than if they ruled themselves (which they are unable to do). After the happy memories of the Independence Day and the fireworks have faded, it will just be more of the same: poverty, starvation, disease, civil wars, famine, military dictators, genocide, etc. Independence is a wonderful thing, huh?

    July 8, 2011 at 11:16 am | Report abuse |
  14. Philip

    Dr. Bob died for drunks...Bill W. lived off of them. AA finaced all of Bill's trips to europe to visit with famous spirit-mediums of the occult world. By the time they were done with Bill W., he was experiencing the fourth-level of astral travel, a coveted position that has been symbolized by the same symbol on the backs of US dollar bills. That circle around that triangle has been used by the occult for centuries.

    July 8, 2011 at 11:17 am | Report abuse |
  15. Joey Isotta-Fraschini

    @ anonymous:
    I love the jocular non-word "gooder," as in, "this is getting gooder and gooder."
    Let me ax you whether you can discern its humorous intent or not.

    July 8, 2011 at 11:21 am | Report abuse |
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