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President Obama intends to nominate veteran Rep. Melvin Watt to head the
Federal Housing Finance Agency, the government regulator that oversees lending
giants Fannie Mae and Freddie Mac, and he has chosen a former
cable and wireless industry lobbyist to head the Federal Communications
Commission, according to White House officials.If confirmed by the Senate
for the FHFA post, Watt, a North Carolina Democrat who has been
in Congress for 20 years, would replace Edward DeMarco, an appointee of
President George W. Bush, who has been a target of housing advocates,
liberal groups and Democratic lawmakers.Also on Wednesday, Obama plans to
nominate Tom Wheeler, one of his top campaign fundraisers, as the country's
top telecommunications regulator. He is expected to name FCC Commissioner
Mignon Clyburn to serve as acting chairwoman while Wheeler awaits Senate
confirmation.Wheeler raised more than $500,000 for Obama's re-election effort,
according to data provided by the campaign. He also contributed more than
$17,000 combined to Obama's re-election and to several Senate campaigns,
including Virginia Democratic Sen. Tim Kaine's successful effort.Wheeler
is former head of the Cellular Telecommunications & Internet Association
and the National Cable Television Association. Since 2005, he has been a
venture capitalist at Core Capital Partners. Wheeler would replace outgoing
chairman Julius Genachowski, who announced in March he would be stepping
dow
in first place. State media reported that Berdymukhamedov
won the race.The horse also fell, but quickly got up, showing a
slight limp. Berdymukhamedov, however, lay motionless. Within seconds, several
dozen men in dark suits and one in traditional garb including a
high white sheepskin hat rushed onto the track, and an ambulance soon
arrived.The man who shot the video spoke on condition of anonymity for
fear that divulging his name could have negative repercussions on his livelihood.
He said the president reappeared about half an hour later to accept
the winner's prize about $11 million.State TV showed the president
accepting the award, which he said would be used to improve Turkmenistan's
horse breeding.The choreographed winning of the race the nearest
challenger was obviously throttling back his mount in the home stretch
the media censorship and the reported tough security response at
the airport all reflect Turkmenistan's two decades of stifling authoritarianism.Since
becoming independent in the 1991 collapse of the Soviet Union, Turkmenistan
has been an extreme example of a one-party state.Its first leader, Saparmurat
Niyazov, developed a pervasive personality cult that included renaming months
of the year after his family members. He also mandated that all
schoolchildren study his rambling spiritual guide and once claimed that
reading it three times would guarantee the reader a berth in heaven.Some
of his measures verged on
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