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Headline News 2-4-10
US spies authorized to kill American 'terrorists'
Director of National Intelligence Dennis Blair admitted Wednesday Washington can kill potential American terrorists overseas. Blair told the House Intelligence Committee direct action will be taken against US citizens who threaten other Americans. Blair said: “If we think direct action will involve killing an American, we get specific permission to do that." Read more
Haiti PM says more than 200,000 dead
Haitian Prime Minister Jean-Max Bellerive says "more than 200,000" people died in the January 12 earthquake and another 300,000 have been injured. Bellerive said 4,000 people had had amputations and more than one million are homeless. In addition, more than 250,000 homes and 30,000 businesses have been destroyed. Read more
Wednesday: 38 Iraqis Killed,179 Wounded
In Iraq, scores of Shi’ite pilgrims were killed and wounded after two bombs exploded in the holy city of Karbala. At least 23 people were killed and 147 others were wounded during a suicide attack. A separate blast in Karbala left three dead and 21 injured. Overall, 38 Iraqis were killed and 179 wounded across the country. Read more
Iraqi Court Lifts Election Ban
An Iraqi appeals court overturned a ban on hundreds of candidates for alleged ties to Saddam Hussein's former party, allowing them to stand in the March 7 parliamentary elections. U.S. officials hope fair elections will help cement the gains in security and stability won over the last two years, adding that a smooth election could speed a large-scale troop withdrawal planned for later this year. Read more
Three US soldiers killed in Pakistan bomb blast
In Pakistan, three US soldiers were killed Wednesday by a roadside bomb on a politically-sensitive military training mission in Pakistan's border region. Their deaths are the first known US military fatalities on Pakistani soil. Pakistan's administration, which is a key ally in Washington's war against militants, could face further anti-US feeling, as the deaths disclosed the extent of the US's unpopular military involvement. Read more
UN: 258 Civilians Killed in Somalia in January
The UN says 258 civilians were killed in Somalia in January and 80,000 people displaced from their homes. African Union troops have come under increased criticism for shelling civilians, including two major incidents last month. The AU and Somali government have defended the killings, saying they only attack regions known to be under insurgent control. That covers most of the country since the Somali government controls only a few blocks near the presidential palace. Read more
China warns against talks of Iran sanctions
China has warned world powers against threatening Iran with sanctions over its nuclear energy program, saying it could prove counterproductive. Chinese Foreign Minister Yang Jiechi said Thursday threats of sanctions will make it harder to find a diplomatic solution to the dispute. Read more
US picks veteran envoy in push for Middle East peace
The State Department has appointed Robert Ford, one of its foremost Arabists, as the new US Ambassador to Syria, the first since 2005. Ford will attempt to coax Syria away from Iran and its support of Hezbollah and Hamas. He will also press for a peace deal between Israel and Syria. Israeli Defence Minister, Ehud Barak said Wednesday without a deal with Syria there could be “full-fledged war.” Read more
Israel threatens to 'use force' against Iran
Israeli Strategic Affairs Minister Moshe Yaalon says Israel might use force to prevent Iran from developing "nuclear weapons." Israel has consistently voiced its determination to stop Iran's nuclear program even through military options. Israel, believed to be the only possessor of nuclear arms in the Middle East, accuses Iran of pursuing a military nuclear program. The UN nuclear watchdog has said repeatedly it has found no evidence to support allegations Iran is seeking to develop nuclear arms.
Cuomo filing civil charges against Bank of America
Domestic
Thursday, 04 February 2010 18:41
The New York Attorney General's office said Thursday it is filing civil charges against Bank of America and its former CEO, Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in 2008. Civil charges were also being filed against Joe Price, the bank's former chief financial officer. Lewis stepped down from Bank of America on Dec. 31. The bank has been accused of failing to properly disclose losses at Merrill and bonuses paid to investment bank employees before the deal closed. Cuomo called Bank of America's actions "egregious and reprehensible" in deceiving both its shareholders and the federal government. The bank received an extra $20 billion in bailout funds in January 2009 to help offset the losses it absorbed as part of the Merrill Lynch acquisition. In December, the bank repaid the $20 billion, plus the initial $25 billion it received in government bailout money.
Senate: Lobbyists launder $100 billion in 'dirty money' in US
Domestic
Thursday, 04 February 2010 18:35
A new Senate report says foreign dictators, prominent bureaucrats and arms dealers laundered well over $100 billion of dirty money in the US. In a report on money-laundering practices in America released Thursday, a Senate subcommittee has incriminated Washington lobbyists and lawyers for helping foreign political figures. The two-year inquiry supervised by Senator Carl Levin, implicates high-ranking foreign officials for using US financial institutions in order to transfer $150 million into the US without proper scrutiny. These include former Nigerian vice president Atiku Abubakar and the son of Equatorial Guinea's president, Teodoro Nguema Obiang Mangue. Levin said there were "significant holes" in America's defenses against money laundering. Levin added: "Now that we are ..going after the source of money that supports terrorism, we have to take strong steps to make sure we do not aid and abet dirty money." The 330-page report comes despite money-laundering legislation having been in place since 2001.