News for 2010-05-04

Tuesday, May 4, 2010
Deepwater Horizon Oil Spill Sparks Calls for $10bn Levy on BP and Drilling Ban
The catastrophic oil spill in the Gulf of Mexico set off a political backlash against the oil industry today, with a demand for a ban on future offshore drilling. The rising anger at the long-term costs of the 200,000-gallon-a-day gusher of crude oil in the gulf also carried a financial sting. On...
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Arrests in Pakistan over NY Attempt
Five men are reported to have been arrested by security officials in Pakistan, in connection with Saturday's attempted car bombing in New York City's Times Square. "Intelligence officials arrested two in the city of Karachi in the southern city of Punjab and three more in Faisalabad," Kamal Hyder,...
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States Prepare to Rise to CO2 Challenge as Senate Climate Bill Collapses
The collapse of an energy reform proposal in Congress last week could return power to north America's historic actors on climate change : the regions. In Washington, even Barack Obama's fellow Democrats are reluctant to take up http://www.guardian.co.uk/environment/2010/jan/07/us-climate-change-...
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Remembering US Campus Killings at Kent State
Forty years ago National Guard troops in the US state of Ohio fired on students who were protesting against the Vietnam war at Kent State university. Four students were killed that day, piercing the conscience of people across the country. It became a defining moment for the US anti-war movement...
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Fed Privately Lobbying Against Audit, Documents Show
The Federal Reserve is privately lobbying against a bipartisan Senate amendment that would open the central bank to an audit by the Government Accountability Office, according to documents distributed to Senate offices by a Fed official. The effort to beat back the audit relies on playing two...
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Protests in Japan Over US Base
Angry residents of Okinawa today rejected a plan by Japan's prime minister to keep at least part of a controversial US base on the island, in what could prove a new blow to support ahead of an election. The feud over relocating the Futenma US Marine base has shaken ties with Washington and...
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May 4, 1970: The Day the War Came Home
Forty years ago, on May 4, 1970 soldiers opened fire on a student anti-war protest on the campus of Kent State University, nestled around the small, sleepy Ohio town of Kent. The number of dead - four students, two of them simply heading to class - does not compare to the number of American...
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Too Big to Jail?
The financial crisis has spawned hundreds of criminal prosecutions for alleged fraud. Yet so far, defendants have been mostly minor players such as real-estate agents, mortgage brokers, borrowers and a few low-level bank employees. No senior executives at large financial institutions face criminal...
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BP to Use Domes to Capture Giant US Oil Gush
VENICE, Louisiana - Winds pushed a giant slick towards fragile wetlands on the United States coast Tuesday as efforts intensified to bottle up a ruptured oil well causing the growing environmental disaster. Beleaguered energy giant BP said it had prepared the first of three giant domes to collect...
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Americans Face a Choice: Wetlands or Greed?
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