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Fed's half-point rate cut proves no match for Wall Street's fearByWASHINGTON - For the second consecutive day, the Federal Reserve took action in hopes of staving off a global financial collapse. And again U.S. financial markets failed to calm, extending losses for a sixth straight day while shrugging off a Fed-led, globally coordinated half-point cut in interest rates. |
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Undecided voters say Obama beat McCain in debate, according to online pollByWASHINGTON - Barack Obama beat John McCain in Tuesday night's debate in the eyes of undecided voters by 61 to 39 percent, according to a new online Ipsos/McClatchy poll. Before the debate, the 389 undecided voters favored McCain by 55-45, but after it they shifted to favor Obama over McCain by 57-43 percent. |
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NASA anticipates fewer job losses after shuttle retiresByCOCOA, Fla. - NASA told Congress Wednesday that fewer-than-predicted jobs will be lost at Kennedy Space Center when the space shuttle is retired, even as the question of jobs at Cape Canaveral heated up as a presidential election issue. According to a new NASA report, as many as 4,500 jobs at KSC could disappear with the shuttle in 2010 - an improvement from a NASA analysis in March that put that figure at closer to 6,400 jobs. |
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Murder conviction in 'Precious Doe' caseByKANSAS CITY, Mo. - Jurors Wednesday convicted Harrell Johnson of first-degree murder for killing Erica Green, a case that drew international attention to a 3-year-old girl known for years only as Precious Doe. The verdict culminated more than seven years of community vigils, neighborhood watches and a police investigation that began in April 2001 with the discovery of a young girl's headless body in a wooded area in Kansas City. |
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Beheading videos irrelevant and prejudicial, terror suspect's lawyer arguesByCAMDEN, N.J. - The lawyer for the lead defendant in the Fort Dix terrorism trial has asked the court to bar prosecutors from playing videos found on his client's computer that show Muslim terrorists beheading their victims. Rocco Cipparone, who is representing Mohamad Shnewer, argued that the videos were irrelevant, had no connection to the charges in the case and would unduly prejudice the jury. |
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Foundation appeals to extend license to directly aid people in CubaByOne man wants to send his niece in Cuba money to rebuild a room of her flattened home. Another man wants to get arthritis medicine to his aunt, who moves around in a makeshift wheelchair. One woman looks for ways to send food to a cousin who waits for promised government aid. |
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Chicago schools chief backs high school for gay studentsByCHICAGO - Chicago Public Schools Chief Arne Duncan on Wednesday recommended that the school board approve plans for 20 new schools, including the district's first high school aimed at gay, lesbian and transgender teens. The announcement of the schools, which are expected to open in the fall of 2009 and 2010, took place at the Chicago International Charter School's Ralph Ellison Campus. |
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Citi steps aside; Wells Fargo proceeds with Wachovia dealByCHARLOTTE, N.C. - In a dramatic battle over the future of Wachovia, Wells Fargo prevailed on Thursday, saying it will move forward with its merger with the Charlotte bank after Citigroup stepped aside. After making dueling bids for Wachovia, Citi and Wells had been negotiating a compromise that included the possible splitting up of Wachovia's operations among the two companies. |
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U.S. stocks fall again, following plunge in Asia, EuropeByWASHINGTON - Wall Street crossed another grim milestone Friday morning shortly after the opening bell of the New York Stock Exchange, with the Dow Jones Industrial Average falling almost 700 points to fall below the psychological threshold of 8,000 before stabilizing. |
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Escalating financial crisis gripping statesByA week after President Bush signed a $700 billion bailout plan for Wall Street, the financial crisis has deepened in many state capitals with tight credit markets and new, pessimistic budget figures that pose the biggest threat to states' fiscal health in 25 years. |
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McCain blisters Obama on taxes, characterByLA CROSSE, Wis. - At a rally here Friday, Republican John McCain hit opponent Barack Obama over taxes, spending and health care, and accused him of dodging "serious and legitimate questions" about his record. McCain called himself the "underdog" in the campaign, vowing to come from behind in the final weeks. |
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Witness testifies he was told to create 'paper trail' for StevensByWASHINGTON - The former chairman of a nonprofit in Alaska testified Friday morning that he was directed by a close friend of Sen. Ted Stevens to "create a paper trail" that would show a husky puppy given to Stevens was worth one-fourth what the friend paid for it. |
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U.S. set to remove North Korea from terrorism listByWASHINGTON - The U.S. government was set to remove North Korea from its list of state sponsors of terrorism as early as Friday following a deal in talks on Pyongyang's nuclear programs, a high-ranking U.S. government official told The Yomiuri Shimbun. The decision was made Thursday at a White House meeting after a compromise was reached on the verification of Pyongyang's denuclearization process. |
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International news briefs: At least 21 dead in Thailand bus crashByJAKARTA, Indonesia - At least 21 people have been killed and another 27 injured in a university bus crash in Thailand, the country's The Nation news Web site said Friday. The bus, carrying students, lecturers and staff from Khon Kaen Agriculture and Technology University, overturned in Prachin Buri's Nadee district due to what police said had been a brake malfunction. |
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Britain, EU buying into banksByPARIS - British and European leaders took unprecedented steps here late Sunday to try to halt a galloping financial crisis in its tracks, announcing aggressive action to take big stakes in banks and guarantee lending between banks. European Union members announced they planned to guarantee loans between banks, called inter-bank lending, for up to five years. |
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Temporary Protected Status sought for undocumented Haitian immigrantsBySince he was detained by immigration officials in August, four storms have torn through Jean Delva's homeland. They wiped out roads and bridges, flooded fields and obliterated a meager food supply. More than 850,000 people are displaced; 50,000 homes are damaged or destroyed. |
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Suicide ends case of Japanese businessman accused of murderByLOS ANGELES - The case of a fatal shooting in Los Angeles in 1981 that had generated public interest for more than a quarter century has ended with the suicide of suspect Kazuyoshi Miura less than 24 hours after his transfer from Saipan to Los Angeles on a murder conspiracy charge. |
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Fossett mystery solved, but intrigue continuesByFRESNO, Calif. - When a Mammoth Lakes, Calif., hiker last week found some belongings of missing aviator Steve Fossett, he returned to the area the next day with a TV cameraman and a local bear guru. Wildlife expert Steve Searles saw something very telling: Bear tracks, and lots of them. |
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Fossett disappearance echoed that of another moneyed adventurerByFRESNO, Calif. - Steve Fossett isn't the only renowned adventurer to meet his end in this pristine slice of Sierra Nevada wilderness. Two miles west of where Fossett's plane went down stands a ridge of serrated peaks known as the Minarets, which 75 years ago witnessed perhaps the most famous search-and-rescue operation in Sierra history. |
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Five family members die in apartment fireByNEW YORK - Five members of a Chelsea family were trapped behind a wall of flames and acrid smoke in their apartment and killed Saturday, city officials said. Maschay Joa Valdez, 40, his wife, Delkis Balbuena, 34, and three girls, 8, 3 and 15 months, were overtaken by fumes as they huddled in a bathroom and bedroom in their sixth-floor apartment. |
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Judge allows detainees at Guantanamo to have laptops, but not Internet accessByGuantanamo guards must furnish confessed al-Qaida kingpin Khalid Sheik Mohammed and his four alleged co-conspirators with enough battery power to use their prison camp laptops 12 hours a day - but the Sept. 11 accused can't surf the Internet, a military judge ruled. |
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U.S. to endorse Britain's approach to bank bailoutByWASHINGTON - The Treasury Department and Federal Reserve will announce a new, comprehensive financial rescue package Tuesday morning that includes guaranteeing loans between banks and taking direct stakes in troubled banks. These plans include using about $250 billion from the $700 billion financial rescue plan recently passed by Congress to provide a capital infusion, via buying equity stakes, to about nine struggling financial firms, according to officials familiar with the plan. |
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McCain-Palin rally had carnival-like quality - with Miss America and allByVIRGINIA BEACH, Va. - All that was missing outside the John McCain-Sarah Palin rally Monday was the cotton candy and peanuts. There were clowns, horses (carrying police) and, of course, elephants. There was music - a local barbershop quartet, N'Tune, that entertained the mile-long line of attendees as they waited to enter the Virginia Beach Convention Center. |
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Stevens trial almost over, but prosecutors still want e-mailsByWASHINGTON - Even as Sen. Ted Stevens' corruption trial nears an end, federal prosecutors are still asking for correspondence between the Alaska senator and his wife, Catherine, as well as e-mails she may have sent to 37 people connected to the couple's home renovation and other gifts the senator may have received. |
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Blaze on island in San Francisco Bay consumes 400 acres, spares historic buildingsBySAN JOSE, Calif. - The middle of San Francisco Bay on Monday morning was sunny, smoky and surreal. After an overnight fire had gobbled up several hundred acres of Angel Island, the historic state park was smoking like Mount Vesuvius on a bad day. Picking at their eggs Benedict dockside in Tiburon, vacationing breakfasters gawked at grimy firefighters marching up the gangplank to the tourist ferries shuttling them off to battle. |
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Big Brown injured, out of Breeders' CupByLEXINGTON, Ky. - Kentucky Derby winner and Breeders' Cup Classic contender Big Brown is out of the championship showdown with Horse of the Year Curlin. Big Brown injured his right front foot in a workout Monday morning at Aqueduct in New York, where he was preparing for the championship race later this month. |
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Missing toddler's case goes to grand jury; Caylee's mom may face murder chargeByORLAND, Fla. - Prosecutors today are expected to present the case against Casey Anthony - the mother of missing 3-year-old Caylee Marie - to members of a grand jury who will decide whether she will face more serious charges, possibly murder. The 22-year-old mother is the main suspect in the disappearance of her daughter, who was reported missing on July 15. |
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Financial crisis gives boost to Britain's BrownByLONDON - With Europe and even the U.S. falling in line with his plan to stop the global financial meltdown, British Prime Minister Gordon Brown now looks like an international hero. Less than a month ago, he was nearly out of a job. Just 15 months after taking office, his popularity had plummeted after a long series of political missteps. |
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Bush's historic bank plan opens new era of governanceByWASHINGTON - When the sun set on the nation's capital Tuesday, it marked the end of one era in the nation's political economy and the beginning of another. American taxpayers, the proverbial Joe Six-pack and Jane Wine-box of campaign lore, had become partial owners of the nation's nine leading banks, with more to come. |
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Troopergate probe casts wider netByANCHORAGE, Alaska - The Alaska state Personnel Board investigation of Gov. Sarah Palin's firing of Walt Monegan has broadened to include other ethics complaints against the governor and examination of actions by other state employees, according to the independent counsel handling the case. |
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Pakistan spiraling into deeper turmoil and violence, U.S. intelligence report findsByWASHINGTON - A growing al-Qaida-backed insurgency, combined with the Pakistani army's reluctance to launch an all-out crackdown, political infighting and energy and food shortages are plunging America's key ally in the war on terror deeper into turmoil and violence, says a soon-to-be completed U. |
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Mother of missing girl is charged with murderByORLANDO, Fla. - Casey Anthony was indicted Tuesday on seven charges in the disappearance of her missing daughter, Caylee Marie Anthony, including first-degree murder. She also was charged with: -One count aggravated child abuse -One count aggravated manslaughter of a child -Four counts of providing false info to a law enforcement officer The decision came after an Orange County grand jury heard more than six hours of testimony from a half-dozen witnesses, including Anthony's father, George Anthony, and sheriff's Detective Yuri Melich, who is heading up the investigation. |
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Federal commission busts worldwide spam networkByFor all those e-mailers sick of unwanted messages about Viagra-like drugs and Nigerian financial intrigue, there's good news and bad news. The good news: The Federal Trade Commission said Tuesday it has busted a global e-mail spam operation that authorities believe sent billions of messages making false product claims in peddling male-enhancement, weight-loss and prescription drugs. |
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Life sentence for man behind Joe Cool charter boat killingsByKirby Archer, the Arkansas man who admitted killing four people aboard the Joe Cool charter boat on the high seas last year, on Tuesday was sentenced to life in prison _ five times. Archer, 36, was given consecutive life terms by U.S. District Judge Paul Huck during a hearing in Miami federal court. |
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Ohio puts convicted killer to deathByLUCASVILLE, Ohio - Twenty-five people gathered in a cramped, concrete-walled room to watch Richard Wade Cooey take his last breath. Some 8,079 days after he raped and brutally killed two University of Akron sorority sisters, Cooey was executed Tuesday morning by the state of Ohio. |
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