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Showing posts from June 27, 2012

Debby hits land as Florida braces for more floods ...

by Staff Writers
Miami (AFP) June 26, 2012

Tropical storm Debby hit land as it arrived on Florida's Gulf Coast on Tuesday, threatening to dump another round of heavy rains on areas already reeling from flooding, US forecasters said.

Debby, which has been raking the coast with strong winds and rains since the weekend, swept over Steinhatchee in north-central Florida as it headed eastward to the Atlantic Ocean, where it is expected by Friday.

The Miami-based National Hurricane Center (NHC) said Debby was about 35 miles (55 kilometers) northwest of Cedar Key, Florida.

It was packing maximum sustained winds of 40 miles (64 kilometers) per hour, but had speeded up and was now moving toward the east at six miles (nine kilometers) per hour.

Parts of northern Florida were expected to get over two feet (61 centimeters) of rain. The storm also downed trees, upturned catamarans and drowned turtle nests along the Gulf, according to local media.

Authorities have closed several bridges and roads, incl…

MANAGEMENT GENIUS: Can Infiniti recreate the Audi miracle? ...

June 27, 2012: 10:55 AM ET

Nissan certainly hopes so. That's why it lured the genius behind Audi's comeback to fix its perennially lagging luxury division. Question is, can he really do it again?

By Doron Levin, contributor

Johan de Nysschen

FORTUNE -- By poaching the head of Audi in the U.S., Nissan Motor may finally have found the key executive to lead the turnaround of Infiniti, the Japanese automaker's perennially lagging luxury division.

Johan de Nysschen, who ran Audi in the U.S. for the last 19 years, was recruited by none other than Carlos Ghosn, Nissan's magnetic CEO. De Nysschen will run Infiniti worldwide from its new Hong Kong headquarters. 

Not surprisingly, a big part of his mission to make Infiniti relevant in the world's biggest automotive growth market, China.

That Ghosn would pluck somebody for the German automaker is not much of a surprise. "Infiniti has had 'Audi envy' forever," said Michelle Krebs, automotive analyst for,…

STRATFOR'S THOUGHTS ON THE MIDDLE EAST for Wednesday, June 27, 2012 ...

Intertwined Fates in the Middle East

Over the past week, Egypt officially elected an Islamist president, Syria shot down a Turkish fighter jet, and militants fired some 55 rockets into Israel from Gaza.

Alone, these events are interesting.

Woven together, they depict a far more compelling scene: Turkey needs regime change in Syria in order to expand its influence in the Arab world. 

The Muslim Brotherhood would like to remove Egypt's military from the political sphere -- a struggle Turkey's ruling party already faced. 

Hamas is struggling over whether to try and ride the MB's coattails to political legitimacy or keep alive the militant option to undo the Israeli-Egyptian peace treaty. 

And the strongest player in this mix -- Turkey -- is simply not ready to match rhetoric with action in trying to set the Syrian chain in motion.