Thursday, April 27, 2006

Selected News Feeds - U.S. Senate Panel Recommends New Disaster-Response Agency to Replace FEMA

Apr. 27 (Bloomberg) -- A U.S. Senate panel that probed the government's response to Hurricane Katrina said FEMA should be abolished and a new agency created to be the primary manager of the federal response to domestic disasters.

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Selected News Feeds - Russia and China warn UN not to antagonise Iran

Russia and China warned against escalating the dispute over Iran's nuclear programme. The call came on the eve of an eagerly awaited report on whether the country has met United Nations demands.

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Selected News Feeds - Bernanke Says Fed May Pause in Rate Increases Even If Risks Not Balanced

Apr. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke gave his strongest signal yet that the central bank may pause in its cycle of interest rate increases.

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Selected News Feeds - Nepal rebels may set arms aside, not surrender

SOUTHERN PLAINS, Nepal (Reuters) - Deep in the forests of the southern plains, one of Nepal's top Maoist leaders sits cross-legged in the airy loft of a wood and thatch house.

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Selected News Feeds - HUMAN RIGHTS: Ethiopia "under a lot of strain"

UN High Commissioner for Human Rights Louise Arbour said Meles offered no promise of leniency towards the detained opposition leaders. If convicted of treason, they could face the death penalty.

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Selected News Feeds - Text of Bernanke Statement to the Joint Economic Committee on U.S. Economy

Apr. 27 (Bloomberg) -- Following is the full text of Federal Reserve Chairman Ben S. Bernanke's statement to the Joint Economic Committee of Congress.

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Selected News Feeds - Dollar Weakens After Bernanke Says Central Bank May Suspend Rate Increases

Apr. 27 (Bloomberg) -- The dollar weakened after Federal Reserve Chairman Ben S. Bernanke said the central bank may pause in its interest-rate increases, after 15 straight since June 2004.

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Selected News Feeds - Bernanke Boosts Stocks

The Dow industrials bounced after Bernanke hinted at a pause in the Fed's rate-lifting campaign in the near future, helping stocks rebound from sharp declines amid China's move to lift rates.

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Selected News Feeds - Treasury 2-Year Notes Rise After Bernanke Says Fed May Pause to Await Data

Apr. 27 (Bloomberg) -- Treasuries due in five years or less jumped after Federal Reserve Chairman Ben S. Bernanke said the central bank may slow the pace of interest-rate increases.

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Selected News Feeds - Basque Separatist Leader Otegi Sentenced to Jail for Glorifying Terrorism

Apr. 27 (Bloomberg) -- Spain's national court today sentenced the Basque separatist leader Arnaldo Otegi to 15 months in jail for glorifying terrorism, said a court official who declined to be identified.

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Selected News Feeds - Gunmen kill sister of Iraq's new VP

Gunmen killed the sister of Iraq's new vice president in Baghdad on Thursday, police said.

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Selected News Feeds - China Raises Interest Rates

China is raising bank-lending rates for the first time since 2004, a surprise move aimed at heading off overheating in its economy caused by runaway growth in bank loans.

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Selected News Feeds - Blair allies rebuff talk of government "meltdown"

LONDON (Reuters) - Allies of British Prime Minister Tony Blair dismissed suggestions the government was in "meltdown" on Thursday as it battled a crisis of incompetence and sleaze just a week before local elections.

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