Because of smoke and “pop, pop, pop” noises coming from the Nissan Pathfinder parked in the heart of Times Square, alert street vendors knew to flag down a police officer, averting catastrophe. While the celebration that has ensued is understandable, the incident this past weekend is actually a sobering reminder of just how vulnerable...
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Archive for May 4th, 2010
MOWBRAY: Lucky in New York, again
Border violence threatens economic recovery
Texas Gov. Rick Perry told national business leaders Monday that U.S.-Mexico border violence threatens commerce and an economic recovery in border states — and states far north of the Rio Grande. Perry made the comments at the U.S. Chamber of Commerce, which released a study that found that states, like Texas, which provide a...
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Nuke that slick
As BP prepares to lower a four-story, 70-ton dome over the oil gusher under the Gulf of Mexico, the Russians — the world’s biggest oil producers — have some advice for their American counterparts: nuke it. Komsomoloskaya Pravda, the best-selling Russian daily, reports that in Soviet times such leaks were plugged with controlled nuclear...
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Teams working on a fix for the Gulf oil leak
HOUSTON (AP) — Teams are working simultaneously on five possible solutions to stop or at least minimize the flow at the well in the Gulf of Mexico. Bob Fryar, senior VP of BP in Angola, said Sunday 389 people from BP PLC, the Coast Guard, the Pentagon and Energy Department reported to BP’s emergency...
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Here’s What You Need To Know About The $2.2 Trillion Gulf Economy Being Threatened By The Spill
The unstoppable Deepwater Horizon oil leak is screwing up key industries in one of America’s fastest growth regions. Total losses in fishing, shipping, and tourism are impossible to calculate. If the Deepwater Horizon well keeps leaking for months at 25,000 barrels-a-day, these industries could be ruined for years. Read more: http://www.businessinsider.com/the-gulf-economy-2010-5#ixzz0n0Ef7YLm
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NY bomb-plot suspect charged with terrorism
A Pakistan-born US citizen has been charged with terrorism over the failed car-bomb attack in New York’s Times Square on Saturday. Faisal Shahzad, 30, was also charged with attempted use of a weapon of mass destruction, according to documents filed at Manhattan federal court. Mr Shahzad was arrested on a Dubai-bound plane at JFK...
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Congress Members Bet on Fall in Stocks
Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Senators have criticized Goldman Sachs Group Inc. (NYSE: GS – News) for profiting from the housing collapse. And Congress is considering legislation to...
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New York bomb suspect charged, arrests in Pakistan
(Reuters) – U.S. prosecutors charged a Pakistani-American on Tuesday with attempting to blow up a car bomb in New York’s busy Times Square while officials in Pakistan arrested several of his relatives. World Faisal Shahzad, a naturalized U.S. citizen born in the Kashmir region of Pakistan, admitted to receiving bomb-making training in his country,...
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Franklin Graham: Obama ‘Giving Islam a Pass,’ Warns of Persecution
Evangelical leader Rev. Franklin Graham issued his toughest remarks yet Monday on the administration’s role in revoking his invitation to speak at the Pentagon’s National Day of Prayer event, charging that President Obama is “giving Islam a pass” rather than speaking openly about the “horrific” treatment women and minorities receive in many Muslim countries....
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Stocks slide as new doubts about Greek aid emerge
Stocks in US, Europe slump as fears of debt contagion from Greece worsen; Dow tumbles 225
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