Money for Something
The Washington Post, USA Today, New York Times, and Los Angeles Timesall lead with the White House's move to further crack down on al-Qaida's sources of money. Federal agents raided more than a dozen locations in four states. The government also froze assets of 62 organizations and individuals. The Wall Street Journal's worldwide news box is topped with
The government said the focus of yesterday's moves were two financial networks it says are linked to al-Qaida. The two networks function, at least on the surface, as hawalas, essentially informal banks that immigrants often use to send money home. President Bush said the two targeted hawalas,which operate in about 40 countries, "raise money for terror." A Treasury Department official put the amount at "tens of millions" of dollars.
The LAT says yesterday's actions "marked the first time the administration has targeted U.S.-based companies and individuals who are suspected of aiding and financing terrorists." Before the new anti-terrorism bill was signed, hawalas weren't really regulated. Now, like banks, they will have to report any large transfers of money.
The papers note that the Pentagon confirmed that the
The NYT cautions not to get too excited about the gains. First of all, it says, "the advance could not be verified." And even if the reports are accurate, says the Times, the
The Post fronts news that refugees arriving in
The WP does a bit of enterprising reporting and profiles two wealthy brothers from
The NYT fronts an interview with two Iraqi defectors, both senior members of
The papers mention that a gunman in
The WSJ reports on a bit that the other papers seem to have missed: The Postal Service acknowledged yesterday that they cleaned the wrong letter-sorting machine at the Brentwood processing facility, meaning the anthrax-tainted machine was still contaminated when the building reopened Sunday. Officials closed the facility again yesterday.
Eric Umansky, previously the "Today's Papers" columnist for Slate, is currently a Gordon Grey Fellow at Columbia University's School of Journalism.


