Hillary Clinton, Barack Obama clash over Bill Clinton at Democrats' debate

Published: Monday, January 21, 2008 | 9:19 PM ET
Canadian Press: THE ASSOCIATED PRESS

Democratic presidential hopeful Sen. Hillary Rodham Clinton, D-N.Y., left, speaks as Sen. Barack Obama, D-Ill., listens during a Democratic presidential debate in Myrtle Beach, S.C., Monday, Jan. 21, 2008. THE ASSOCIATED PRESS/Mary Ann Chastain

MYRTLE BEACH, S.C. - Democrats Hillary Rodham Clinton and Barack Obama clashed bitterly Monday over Bill Clinton's role in his wife's campaign and Obama's recent praise for Republicans in a presidential debate five days before the pivotal South Carolina primary.

After a brief discussion of U.S. economic woes, the debate devolved into an angry exchange between the two senators, with Clinton noting Obama had taken campaign contributions from a political patron facing fraud charges and Obama calling Clinton a "corporate lawyer sitting on the board of Wal-Mart."

As Obama tried to defend his comments about Republicans and the late president Ronald Reagan, Clinton interrupted and said she has never criticized his remarks on Reagan.

"Your husband did," said Obama, who has accused the former president of misrepresenting his record.

"I'm here. He's not," she snapped.

John Edwards, who badly trails his two rivals, tried to stay above the fray while pleading for equal time.

"Are there three people in this debate, not two?" he asked.

"We have got to understand, this is not about us personally. It's about what we are trying to do for this country," Edwards said to applause from the audience.

Often speaking over each other, Obama and Clinton clashed on their legislative records. Obama questioned why the New York senator had voted for a bankruptcy bill she later said she was glad hadn't passed, and Clinton criticized Obama for voting "present" on dozens of occasions while a member of the Illinois legislature.

"Senator Obama, it's hard to have a straight up debate with you because you never take responsibility for any vote," Clinton said to loud boos.

"On issue after issue, you voted present...Whenever someone raises that, there's always some sort of explanation."

Obama accused Clinton of playing dirty and saying anything to get elected, while Edwards joined Clinton in criticizing Obama for the "present" votes.

Clinton and Obama called for tax rebates for individuals to help with home heating and other short-term needs. But Obama claimed he was first with the idea, saying Clinton had "caught up" with him.

Edwards tried to make a distinction by pointing out Clinton and Obama supported a trade deal with Peru.

"South Carolina has been devastated by NAFTA and trade deals," Edwards said.

Obama responded by criticizing Edwards for voting for permanent trade relations with China and struck out at Clinton for saying last year NAFTA has been boon to the economy.

"I think it's been devastating," Obama said.

South Carolina holds its primary Saturday. The two-hour debate was sponsored by the Congressional Black Caucus Institute and CNN.

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Loonie tumbles on weak business spending data

Last Updated: Friday, January 4, 2008 | 5:20 PM ET

CBC News

The Canadian dollar lost more than a full cent against its U.S. counterpart on Friday following the release of unexpectedly weak business spending figures in Canada.

The loonie closed at 99.87 cents US, down 1.05 cents US. That's its lowest level in more than two weeks.

The dollar had initially gained more than half a cent following the 8:30 a.m. ET release of a weak U.S. jobs report that boosted expectations of aggressive interest rate cuts in the U.S.

But at 10 a.m. ET, the loonie took a dramatic tumble as the Ivey Purchasing Managers Index showed that purchasing activity by Canadian managers unexpectedly tumbled in December to 45.9, from November's reading of 58.7.

The index asks a single question: "Were your purchases last month in dollars higher, the same, or lower than the previous month?" A reading below 50 indicates a decrease.

Analysts also cited several other factors that may have played a role in the Canadian dollar's dip:

• A drop of almost $2 US a barrel in the price of oil.
• The expiry of a large options contract at the same time as the purchasing report came out.
• Relatively thin trading, which amplifies volatility.
• The big drop in North American equity markets Friday.
• A lacklustre U.S. jobs report, which heightened fears that a U.S. slowdown would spill over into Canada.

Posh Spice's 4-letter road rage

By Rav Singh

I HEAR that PUSHY SPICE pulls no punches when it comes to road rage and getting to her concerts in one piece.

Last week hubby DAVID BECKHAM was driving VICTORIA BECKHAM to a gig at London's O2 Arena when Posh became a little vocal—and very rude—while trying to get the traffic to slow down.

I'm told by a driver nearby at the time that Vic went into a rage as other cars zoomed past her and David.

My source said: "This fuming woman stuck her head out of the car window and screamed, ‘Slow down you f***ing w***er.'

"She followed that up with a very rude hand sign to describe what she had just said.

"It was only then that I realised it was Victoria Beckham and that David was driving the car with the kids in the back."

Japan stocks drop to 17-month low

Japan's main stock index has fallen to its lowest close in 17 months after the strong yen and record-high oil prices worried investors.

Exporters including Sony and carmakers such as Nissan performed badly on concerns about the health of the US economy - a big market for Japan.

The Nikkei closed down 616.37 points, or 4.03%, at 14,691.41.

The frenetic trading session followed a week-long holiday for Japanese financial markets.

"High-flying blue chip exporters are going to have a tough time coping with rising commodity prices, a stronger yen and a slowing U.S. economy," said Masanaga Kono, strategist at Societe Generale Asset Management.

Yen weighs

The yen is trading close to a five-week high while weak US manufacturing data raised fears over the well-being of the world's largest economy.

Crude oil topped $100 a barrel for the first time on Wednesday, threatening the Japanese economy which is reliant on energy imports.

Japanese stock markets re-opened for a half-day session after being close since Friday for the new year break. Full-day trading resumes on Monday.

Among individual shares, Nissan slid 9.2% to 1,117 yen while Mazda Motor dropped 7.7% to 515 yen.

Sony fell 6.6% to 5,790 yen and Canon Inc slipped 5% to 4,940 yen.

BBC News

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