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Life After Qaddafi Libya: A Broken State
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Three years after the Libyan revolution and the subsequent downfall of its dictator Muammar Qaddafi, the country has descended...

By: VICE News

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Life After Qaddafi Libya: A Broken State - Video

OPEC producers are stepping up their diplomatic visits before the groups meeting in two weeks, potentially seeking a consensus on how to react to oil prices that have plunged to a four-year low.

Libyan Prime Minister Abdullah al-Thani flew to Riyadh yesterday just as Iraqi President Fouad Masoum left the kingdom after a two-day visit where he met with King Abdullah, the official Saudi Press Agency reported. Rafael Ramirez, Venezuelas foreign minister and representative to OPEC, held talks in Algeria and Qatar. Saudi Arabias Oil Minister Ali Al-Naimi toured Latin America.

The Saudis will not walk the road alone, they want to see everyone share the burden with them, Kuwait-based analyst Kamel al-Harami said by phone. Saudi Arabia, the worlds biggest oil exporter, is trying to build consensus among fellow members of the Organization of Petroleum Exporting Countries before they meet Nov. 27 in Vienna, he said.

Brent crude extended losses below $80 a barrel, dropping to a four-year low amid signs that OPECs biggest members will refrain from reducing output to ease a supply glut. WTI fell below $75 yesterday.

Falling oil prices are straining state budgets among OPEC members, including Iraqs government, which is leading a costly war against Islamist militants, and Libya that is struggling to keep crude output steady amid political divisions and violence.

Irans Islamic Republic News Agency said Bijan Zanganeh, the nations oil minister, delivered a message to Kuwait on behalf of President Hassan Rouhani. Zanganeh briefed Kuwaiti Emir Sheikh Sabah Al-Ahmad Al Sabah on developments in oil markets, the agency said. He also went to Qatar, IRNA reported.

Algeria and Venezuela discussed oil markets and re-affirmed a joint position to defend prices, state-run news agency Algeria Press Service cited visiting Venezuelan Foreign Minister Rafael Ramirez as saying after a meeting in Algiers with Abdelaziz Bouteflika, the north African countrys president.

He also went to Qatar where he discussed crude prices and stability of oil markets with Middle East countrys Prime Minister Abdullah bin Nasser bin Khalifa Al Thani and Energy Minister Mohammed Bin Saleh Al Sada yesterday in Doha as part of a tour of oil-producing countries, Venezuelas foreign ministry said in statement on website. Hes also is scheduled to travel to Iran and Russia, the ministry said.

Saudi Arabia remains committed to seeking a stable oil prices and speculation of a battle between crude producers has no basis, Al-Naimi said Nov. 12 in Mexico after a visit to Venezuela.

OPEC members Libya, Venezuela and Ecuador have called for action to prevent crude from falling further. Libyas OPEC governor Samir Kamal said last month that the group must cut daily output by 500,000 barrels as the market is oversupplied by about 1 million barrels a day.

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Iraq, Libya Heads Meet Saudis Ahead of OPEC Meeting

Holder: "Our goal is to build the capacity to fight foreign terrorist fighters within the rule of law."

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Washington (CNN) -- The Obama administration is sending prosecutors and law enforcement advisers abroad, and urging other countries to overhaul their laws to make it easier to prosecute people who return after being involved in terrorism.

Attorney General Eric Holder said Thursday that the Justice Department has dispatched lawyers to 14 countries -- four in the Balkan region and 10 in North Africa and the Middle East -- to work with policymakers there.

"These personnel will provide critical assistance to our allies in order to help prosecute those who return from the Syrian region bent on committing acts of terrorism," Holder said at press conference.

Eric Holder resigns

Eric Holder resigns

Eric Holder resigns

Eric Holder resigns

Eric Holder resigns

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Holder: U.S. pushing other countries to beef up terrorism laws

Liberals and conservatives will long debate the legacy of outgoing Attorney General Eric Holder. Liberals and Democrats laud his deep commitment to civil rights and efforts to promote voting rights and criminal justice reform. Conservatives and Republicans, on the other hand, deride him as an overly partisan and ideological figure that presided over debacles such as the Operation Fast and Furious, failed to fully investigate the IRS/Tea Party scandal, and hindered their attempts to implement voter ID laws.

But thereis one area where there was some bipartisan agreementabout Eric Holders tenure: disapproval of his failure to aggressively pursue criminal charges against large financial institutions for their behavior in the lead-up to and the aftermath of the financial crisis. Despite deferred prosecution agreements linked to large(but hardly deterring) fines, the Holder Justice Department will be long remembered for its too big to jail approach to financial crime.

Naturally, much of the disappointment on Holders record centers on the failure to hold those responsible for the recent financial crisis fully accountable. But as my co-authors and I argue in our recent book Political Bubbles, building a more credible and vigilant law enforcement regimefor the financial sector is crucial for managing the systemic risk and market manipulation which could lead to crises in the future. In that regard, the light-touch approach of the past six years represents a failure of financial reform.

With the appointment of Loretta Lynch, the two-time U.S. Attorney for the Eastern District of New York, there is an opportunity for the Justice Department to take a tougher approach to financial crime. Although Lynchs public record does little to suggest that her approach to Wall Street would differ dramatically from that of Holders, a very productive use of the Senates advice and consent prerogatives would be to open a discussion about how to end the too big to jail approach. To that end, let me offer a few questions that senators might pose to Lynch:

* In reference to prosecuting corporate crime, the U.S. Attorneys manual says:

In considering collateral consequences, prosecutors must determine whether there would be disproportionate harm to investors, pension holders, customers, employees, and others who were not personally culpable, as well as impact on the public arising from the prosecution.

How would your Justice department weigh the collateral consequences of its prosecution of financial firms? Could some firms be too big, interconnected, or complex to prosecute? As chair of Holders committee on policy, did you ever push for revisions to these policies?

* In comments to a civic association last year, you suggested that it was much easier to prosecute the small players in finance rather than the big banks. Doesnt this mindset contribute to TBTJ? As AG, what will you do to improve the capacity of the department to prosecute big firms as aggressively as it does small firms? What resources and new authorities does the department need to accomplish such a goal (assuming it is one you share)?

* You played a major role in the Justice Departments settlement with HBSC over charges that laundered money for terrorists and drug cartels. There were no criminal sanctions imposed on the corporation or the individuals involved, and the monetary settlement has been widely criticized as too low given the egregiousness of HSBCs alleged behavior.

* Do you agree with Assistant Attorney General Lanny Breuers rationalization of the settlement when he said:

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Monkey Cage: Will Loretta Lynch end Too Big To Jail?