26 Oct 2010

Greece Likely to Default By 2013 as Debts Remain

“Greece is likely to default over the next three years because budget-cutting won’t be enough to reduce the nation’s debt burden, Pacific Investment Management Co. Chief Executive Officer Mohamed A. El-Erian said. It’s in Greece’s interest to default ‘as long as you can contain the contagion to other countries and

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26 Oct 2010

At least 40 dead, 380 missing after Indonesia quake

“At least 40 people were killed and 380 others were left missing after 7.7-magnitude earthquake struck off Sumatra on Monday, Indonesian officials said Tuesday. The Pacific Tsunami Warning Center said the quake generated a ‘significant’ tsunami. Although communication with remote areas was difficult, witnesses in west Sumatra reported seeing a

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25 Oct 2010

France braces itself for another week of protests as Sarkozy believes he has turned corner

“All are furious at the Senate’s decision to approve new pension legislation which will see the retirement age rise from 60 to 62. The reform, which was passed by the French Parliament’s upper house on Friday, is part of President Nicolas Sarkozy’s concerted attack on a social system which he

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25 Oct 2010

Al-Qaeda Leader Calls For Attack On Detroit

“A senior al-Qaeda leader is calling for Muslims living in metro Detroit to commit terrorist attacks in the U.S. In a 48-minute recording released Saturday, Adam Gadahn called upon Muslims living in what he called ‘the miserable suburbs of Paris, London, and Detroit’ to attack Americans.” (Source: Al-Qaeda Leader Calls

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25 Oct 2010

UN: Cholera cases in Haiti’s capital are a ‘worrying development’

“The confirmation of five cholera cases in Haiti’s capital is a ‘very worrying development,’ a U.N. spokeswoman told CNN. Public health officials are working to keep the country’s cholera outbreak from spreading in Port-au-Prince, Haiti, where tens of thousands of people are still living in sprawling tent cities after January’s

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25 Oct 2010

Australia Economy: Australia Producer Prices Jump, Rate Risk Rises

“Australia’s producer prices jumped last quarter by the most since 2008 as the cost of utilities and building climbed, likely adding to policy maker’s concerns that strong economic growth heralds inflationary pressure ahead. Prices at the final stage of production rose 1.3 percent in the third quarter, well above forecasts

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24 Oct 2010

Nigeria: Sect members attack police station

“Suspected members of a Muslim sect accused of orchestrating targeted killings across northern Nigeria have attacked another police station. Officials say officers repelled the attack Saturday night targeting the police station, located in rural Yobe state, killing one of the suspected members of the Boko Haram sect. Police chief Mamman

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24 Oct 2010

Stampede at soccer game kills 7 in Kenya

“A stampede that killed at least seven soccer fans in the Kenyan capital started after a group without tickets tried to storm through a stadium entrance, a game official said Sunday. The incident occurred Saturday at a Nairobi stadium where longtime rivals AFC Leopards and Gor Mahia were playing. ‘Some

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24 Oct 2010

Death toll rises in Mexican border city shooting

“The death toll from a shooting at a house party in the violence-plagued Mexican border city of Juarez has climbed to 14, state media reported Sunday. Chihuahua State Attorney General Carlos Manuel Salas told reporters that another 14 people were injured when gunmen attacked the gathering of young people at

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22 Oct 2010

UN: 138 dead after cholera outbreak in Haiti

“A fast-moving cholera outbreak north of the Haitian capital has killed at least 138 people, a U.N. official said Friday. Another 1,526 cases are also part of the outbreak, said Imogen Wall, the U.N. humanitarian spokeswoman in Haiti. All the cases have been reported in the Lower Artibonite region, north

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