- Reporter's Notebook: Schwarzenegger, Other Candidates Ignoring Hollywood
From John Wayne to Barbra Streisand, Hollywood stars and producers are famous for getting involved in politics. Arnold Schwarzenegger's celebrity candidacy has made the recall election big news all over the world, but what about the place where his stardom began? Robert Dowling, editor-in-chief of the trade publication, The Hollywood Reporter, talks about The Terminator, and the curious relationship between Hollywood and politics.
Iraq's New Foreign Investment Law
With Iraq-s reconstruction barely underway, there are plans to develop a free-wheeling, free-market economy unlike anything else in the Middle East. It will feature low taxes, unlimited banking and 100-percent foreign ownership of any Iraqi business other than oil. While it sounds great for foreign investors, skeptics are asking what-s in it for the Iraqis. Are American business interests being served first? Are there conflicts of interest with the Bush White House? Is the plan even legal? We learn more about Iraq's new foreign investment law from the CEO of the American Iraqi Chamber of Commerce, the future senior banking advisor to the Coalition Provisional Authority in Iraq, a Middle East historian, and Ruth Wedgewood of Johns Hopkins University's International Law and Organization program.