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mulberry bagsAmobi, who rates the News Corp. as a buy, thinks investors are overacting and that the company's global operations are sound. "Right now, the sell-off seems overdone," he says.

Major investors, such as Saudi Prince Al Waleed bin Talal, whose Kingdom Holding's 7% stake is News Corp.'s largest non-family shareholder, told the Financial Times that he still backs Murdoch.

But on Monday, other News Corp. shareholders, including Amalgamated Bank and several municipal and union pension funds, filed an amended claim against News Corp. in Delaware court, accusing the company's board of directors of failing to exercise oversight and take action since news of the hackings surfaced. (An earlier complaint challenged New Corp.'s acquisition of Shine Group Ltd., a film and TV producer that provided a $250 million windfall for Murdoch's daughter, Elizabeth.)

mulberry purses"News Corp.'s behavior has become an egregious collection of nepotism and corporate governance failures, with a board completely unwilling to provide even the slightest level of adult supervision," says co-lead counsel Jay Eisenhofer. "The result has been a piling on of questionable deals, a waste of corporate resources, a starring role in a blockbuster scandal and a gigantic public relations disaster."

mulberry walletThe British scandal has its underpinnings in an ultra-competitive market for eyeballs and readers.Stephen Ward, director of the Center for Journalism Ethics at the University of Wisconsin-Madison, saw how the British tabloids operate when he spent five years in London as a correspondent for The Canadian Press.

"There are some very good journalists over there, but there's more public tolerance for the British tabloid, anything-goes culture of news," he says. "The tabloids set the agenda."

Nothing in North America compares to British tabloid tactics — yet. "Our media, in tone and characteristics, are moving toward a British/Euro model, becoming increasingly competitive and more ideological and partisan" as revenue and resources decline, Ward says.

Phone hacking is illegal in the USA, and goes against journalism ethics. Such an incident occurred in 1998, when TheCincinnati Enquirer — which like USA TODAY is owned by Gannett — paid a multimillion-dollar settlement and was forced to retract a report on Chiquita Brands International after a reporter hacked into thousands of corporate voice messages.

"This is a classic example of what happens when you do dishonest things and how it can undermine your story," says Kelly McBride, who teaches ethics at the Poynter Institute, a journalism think tank.

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Louis vuitton handbagsTwo News Corp. spokespersons didn't return calls Monday. But the company said in a statement that it would investigate new allegations that its papers had hacked the medical records of Brown's son, Fraser. In 2006, The Sun revealed that the seriously ill, 4-year-old Fraser Brown had cystic fibrosis.

Five Finger ShoesFraser's mother, Sarah, tweeted her reaction about the revelations Monday: "So sad to learn all I am about my family's privacy — it is very personal and really hurtful if all true."

Londoners are accustomed to the sensational headlines of British tabloids, but many are shocked at reports that Fraser Brown's medical records had been hacked.

"It's absolutely appalling," says Tamsin Kemmiss, 52, a secondary school teacher. "The sublime arrogance of Murdoch being able to just fly in here, keep Rebekah Brooks at her post, shut down the paper. It's all just appalling."

Rebekah Brooks, CEO of U.K. subsidiary News International, edited News of the World when some of the hacking occurred. She has denied knowledge of any wrongdoing, and Murdoch has stood by her.

Other Londoners aren't surprised at the developments, given the salaciousness of the British tabloids.

"They call it the gutter press for a reason," says Nicholas Thompsell, a senior partner at a London law firm. "It was bad, yes, but I think the media attention on it is out of line with its importance. People are starving, being murdered, and all we've read about for (two weeks) is this."

Some believe billionaire Murdoch was due for some comeuppance.

"I think Murdoch had it coming," cab driver Jim Roach says. "Working-class people are glad this is happening to him. How can a man who doesn't live in this country own 40% of the media here? It's wrong."

Investors aren't liking what they've been reading or hearing.

On Wall Street, News Corp. shares sank 7% to $16.10 Monday and have lost nearly 16% from their 52-week high. Monday's plunge reflects investor concerns that "reputational damage" could spill over to other News Corp. properties, says Standard & Poor's analyst Tuna Amobi.

News of the World accounted for less than 1% of News Corp. revenue and earnings. But Jeffrey Logsdon of BMO Capital markets says investors are worried the allegations could lead to wider questions .

For the stock market, "it's a mystery why this newspaper would go to these lengths to get this story," Logsdon says. "For investors, that makes everything mysterious. Is this localized, regionalized or globalized? No one knows."

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Hermes birkinIraq still relies to a large extent on the U.S. military to protect its skies, and selling F-16s would help the county shore up its air defenses. It would also bolster a program of close military cooperation between the two countries.

Mulberry saleIraq could also use ground-attack planes in its fight against domestic insurgents.

A total of 60 F-16s are currently in the production pipeline at Lockheed's Fort Worth, Texas, manufacturing facility. The final aircraft on order is scheduled for delivery in late 2013. Additional orders from Iraq or Oman might extend the production line's longevity.

A cadre of well-trained Iraqi pilots will need time to learn the planes' tactics and weapons, and ground crews will need to maintain them to high standards to avoid performance or safety problems.

In addition to the F-16s, Iraq is requesting ground-based air defense systems including ground-to-air missiles and large guns that would be tied to a radar and integrated command-and-control system.

A senior U.S. defense official said Iraq's goal is to create a system that provides the country with "comprehensive air sovereignty." Such a system could be designed to allow the Iraqis to shoot down incoming enemy aircraft from the ground or to engage in dog fights with the enemy in the air, the official said.

Murdoch, 80, folded News of the World on Sunday in what trade journals such as Advertising Age said was an effort to placate British regulators and advertisers upset by the hacking incidents. The incidents include accessing phone messages of 13-year-old kipnap and murder victim Milly Dowler, and those of families of 9/11 victims and British soldiers killed in Afghanistan. Prime Minister David Cameron's former communications chief, Andy Coulson, was arrested last week in connection with alleged payoffs to police when he was editor of News of the World.

Fresh allegations of attempted phone hacking against Britain's royal family (including Prince Charles), paying British police for tips and illegally accessing medical and financial records of former prime minister Gordon Brown and family members by Murdoch's The Sun and The Sunday Times newspapers have caused more damage. That includes the possible unraveling of News Corp.'s planned $12.4 billion acquisition of a 61% stake in British Sky Broadcasting, the United Kingdom's largest pay-TV broadcaster.

GucciBoth Iraq and Oman signaled their intent last year to buy the jets through government-to-government transactions. William McHenry, who heads F-16 business development for Lockheed, said contracts were put on hold after political instability prompted both governments to rethink the timing

Louis VuittonMr. Maliki's government froze its deal and redirected the money to social programs, U.S. officials said.

Vibram Five Fingers"In general, the regional stability has settled down," Mr. McHenry said. "Both of those customers still have the requirement [for the aircraft] and have revived those discussions.

Mr. McHenry did not say when he expected a final agreement to be signed between the U.S. and Iraqi governments. He said a deal could potentially be concluded in the coming months. He declined to speculate on whether the Iraqi government might seek more F-16s beyond the 18 originally sought, but said the arms package the administration submitted last year to Congress would create training programs and other infrastructure that could be expanded to accommodate a larger fleet.

"Should the two governments expand that relationship in the future, that infrastructure could be leveraged to expand," he said.

Maj. Gen. Jeffrey Buchanan, spokesman for U.S. Forces-Iraq, attributed the change of heart in part to an unexpected rise in Iraqi oil revenue in the first six months of this year, which he estimated has added at least $10 billion to government's coffers.

He said the decision to renew the talks was also based on the fact that Iraq has been "looking very hard at its readiness capabilities and one of those parameters is... the need to be able to defend the airspace."

In Afghanistan, President Hamid Karzai has likewise seized on the U.S. troop withdrawal schedule to press the case for fighter planes, but the response from the Pentagon has been cool. Washington told Kabul that what it really needs are helicopters which are more useful in waging a counterinsurgency campaign against Taliban militants, and which cost far less than jets, a senior U.S. defense official said.

In contrast to Iraq, which has vast oil riches, Afghanistan will need to look to the U.S. and other Western allies to "defend their external frontiers ... for years to come," the official said. Kabul depends on international aid and any big-ticket military sales would likely have to be paid for by the U.S. and other wealthy donors.

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Burberry outletSIEGEL: And once again, broader political participation you say means at least putting on the table the Baathist Party's guaranteed majority. Is President Assad's leadership necessary for Syria or is that something for the Syrian people to settle by democratic means?

Ms. SHAABAN: Well, it is for the Syrian people. I believe that President Assad's leadership is very important at this stage, because he is leading Syria to a more (unintelligible) political system, to a more democratic system. And I believe the laws that will be issued from now until we finish all the laws advocating, we'll leave it up to the Syrian people to decide the future also.

Louis vuitton handbagsSIEGEL: That the Syrian people, you're saying, should and will be able to decide by their vote whether Bashar al-Assad remains in power as president of Syria?

Ms. SHAABAN: Absolutely.

SIEGEL: Bouthaina Shaaban, thank you very much for talking with us today.

Ms. SHAABAN: Thank you very much.

Five Finger ShoesSIEGEL: Bouthaina Shaaban spoke to us from Damascus, where she is a spokesperson and political and media advisor to Syrian president, Bashar al-Assad.

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Minutes after the news conference that officially introduced him as the Marlins' interim manager, Jack McKeon stepped into the Florida clubhouse and brought to his players a simple message: Be loose. Have fun. Enjoy what you're doing.

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Burberry outletSIEGEL: Well, let me ask you about two facts of political life in Syria today and whether they're going to be part of the dialogue or whether they're off the table. Baathist Party rule and President Assad's rule, do you assume that those are not up for discussion or is that part of the dialogue?

Hermes birkinMs. SHAABAN: No, no. That is - when you say the constitution is advocated to be reviewed or to be rewritten, it means you are calling for political participation and for democracy. It means we are changing the political system in Syria. And the president gave a timeframe for all these to be achieved by the end of the year as maximum deadline.

Mulberry saleSIEGEL: Are you saying that President Bashar al-Assad is prepared to move to a system in which the Baathist Party is guaranteed no particular number of seats in parliament and anybody, regardless of what the security services thinks of them, can run a slate of candidates and anybody could be elected president of Syria and that system could be in place by the end of this year?

Ms. SHAABAN: Well, this is exactly what the multi-party system means and this is exactly what the electoral laws mean. And this is exactly why President Assad is calling for a national dialogue both with the opposition and with all the social strata in Syria. This will be the product of the dialogue.

SIEGEL: Who will get to take part in the national dialogue? Will you admit the leaders of the protests out in the streets to sit down and take part in the national dialogue?