Keyword: dollars
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HIZBOLLAH VICTIMS BRING HISTORIC CIVIL SUIT AGAINST MEGA-BANK May 12, 2008 For Immediate Release VICTIMS OF HIZBOLLAH MISSILE ATTACKS BRING HISTORIC CIVIL ACTION AGAINST UBS IN NEW YORK FEDERAL COURT A group of American victims of Iranian sponsored terror have filed a civil action in the United States District Court for the Southern District against the Swiss mega-bank, UBS AG. The plaintiffs, all of whom had family members injured or killed in Iranian-backed terror attacks, allege that UBS' unlawful eight year-long provision of financial services to the Islamic Republic at the time Iran was providing material support to terrorist organizations...
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Millions of dollars worth of federal contracts transformed Anita Talwar from a government accounting clerk into a wealthy woman — one who can afford a $2.8 million home in the Washington suburbs with its own elevator, wine cellar and Swarovski crystal chandeliers. Talwar, a 59-year-old immigrant from India, had no idea that she and her husband would amass a small fortune when she launched a company providing tech support to the federal government in 1987. But she shrewdly took advantage of programs for minority-owned small businesses and rode a boom in federal contracting. Talwar’s success — and that of hundreds...
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Duane Brooks, Jr freely admits to scamming the government and tax payers by receiving money for rent but then keeping it for himself, on top of receiving aid for school, and living assistance too.
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A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating. Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market. There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved. He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
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Leave Congress in disgrace? Collect one million dollarsThe Daily Caller Thu, Jul 28, 2011 Oregon Democratic Rep. David Wu is leaving Congress without his dignity — after donning a tiger costume and allegedly sexually assaulting an 18-year-old woman — but he will have a generous congressional pension to ease the pain. According to the National Taxpayers Union, Wu stands to benefit from nearly $1 million in pension payments. And his case is far from unique. In fact, congressmen convicted of crimes — including former Reps. James Traficant of Ohio, William Jefferson of Louisiana and Duke Cunningham of California — can...
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The profits that Delta Air Lines logically expects from its plans to work with Saudi Arabian Airlines on flights from New York and Washington to Jeddah are just a tip of the Shariah iceberg that is lurking for the ship of the United States, according to an expert in Islam and its influences on America. Robert Spencer, director of Jihad Watch and author of nearly a dozen books on Islam, including, "The Truth About Muhammad," told WND today that Muslims, especially those from Saudi Arabia, are moving with their monetary muscle into the United States to create an acceptance of...
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Remember when the dollar reigned supreme, and nobody cared about that joke of a currency, the Chinese Renminbi? Neither do we. And neither does the CME, which just announced it is launching USD/CNY futures, which will be available in standard and E-micro sizes beginning August 22. Put otherwise, with one fell swoop the CME will now allow one to transform liability risk, credit and maturity of underlying assets from one currency to another, while on margin (granted, exposed to the same margin shenanigans that make silver bulls scream blood murder every time the CME's name is mentioned). And the CME...
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Governor Butch Otter, in league with notorious Marxist, B. Hussein Obama, have hatched a plan to make Idaho the first Chinese owned state in America. Otter and company have named this Project 60. Sounds innocent enough, until you realize that Otter and his minions are afraid to call it what it is, globalization of America and surrender of sovereignty. If it were called that someone may want to charge Otter with sedition. Under B. Hussein Obama it has become increasingly difficult to do business in America, unless you are from a foreign nation. Idaho, under the stewardship of Governor Butch...
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HOWARD DAVIDOWITZ: We're At The Edge Of A Dollar Crisis, The DOW Could Fall 6,000 Points Peter Gorenstein Mar. 25, 2011, 3:46 PM There's a distinct possibility the U.S. stock market could plunge as much as 6,000 points if the U.S. continues to rack up record amounts of debt, causing the dollar to lose its reserve currency status, says Daily Ticker favorite Howard Davidowitz. (See video below)(Click to the site to see the video) "The dollar has never been at greater risk," he tells Henry in the accompanying clip. Davidowitz is confident that if Washington doesn't cool its spending habits,...
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Your tax dollars at work… The EPA is now paying the American Lung Association to attack Republicans The ALA put up four billboards like this one near Rep. Fred Upton’s office in Michigan. Upton is the House Energy and Commerce Chairman. (PlowShareGroup) The Environmental Protection Agency is paying the American Lung Association to run attack ads against Republican members of Congress. JunkScience.com reported: “The American Lung Association has targeted House Energy and Commerce Chairman Fred Upton for his efforts to stop U.S. EPA from regulating greenhouse gas emissions by placing billboards within sight of his district offices linking climate change...
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Jeffrey Bell, a two-time campaign adviser to Ronald Reagan, says it’s high time that the United States return to the gold standard, abandoned by President Richard Nixon in 1971. He cites Reagan as a proponent of the monetary regime and squarely blames current Federal Reserve Chairman Ben Bernanke’s policies for the ongoing global economic stagnation. Bell is policy director of the American Principles Project. He served as an issues adviser in Ronald Reagan’s 1976 and 1980 presidential campaigns and was the Republican Party’s nominee for the U.S. Senate in New Jersey in 1978. Bernanke’s policies — extremely low interest rates...
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As a metaphor for our troubled economic and financial era -- and the government's stumbling response -- this one's hard to beat. You can't stimulate the economy via the money supply, after all, if you can't print the money correctly. Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them -- more than 10 percent of all existing U.S. cash -- in a vault in Fort Worth, Texas, reports CNBC
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Confidence In The U.S. Will Collapse And Change Will Come With Alarming Speed John Browne, EuroPac Nov. 5, 2010, 4:41 PM This week, desperation became palpable at the Fed. In both the formulaic statement that accompanied its FOMC policy decision and Chairman Ben Bernanke's unusual (and clumsy) Washington Post op-ed follow up, the guardians of our currency expressed grave disappointment at the slow pace of US economic recovery and emphasized the continued threat of deflation. The Fed is now pledging to defeat this recession using any monetary means necessary. Unfortunately, their embrace threatens to smother our economy. Despite its paternalistic...
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Citi: Central Banks Are Going To Start Dumping Dollars In The Coming Weeks Joe Weisenthal Nov. 5, 2010, 6:33 AM QE2 is likely to serve as a reminder to central bank reserve managers that they still have way too many dollars, and that they need to diversify away. That's the argument from Citi's Steven Englander: With FOMC out of the way and largely meeting expectations, investors are looking for what comes next. We think that reserve managers will contribute to the next stage of USD weakness as QE2 confirms their worst fears about the Fed’s intentions and the quality of...
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Think Twice Before Accusing Others Of Currency Manipulation Clemens Kownatzki FXIS Market Insights Oct. 10, 2010, 2:21 PM The financial news media has a way of shifting people’s focus on certain key issues that are supposed to occupy an investor’s mind for certain periods. Sadly, the bold headlines encourage the spread of fear and often do more damage than good. In this day and age, who has the time to read details and go beyond the headlines? This causes investors to pay too much attention to the bold statements and to make investment decisions based on fear. The fear is...
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When Will Gold Reach $10,000 An Ounce? by: Wall St. Cheat Sheet October 10, 2010 Gold bugs like gold because, unlike fiat money, gold has an inherent value to it. Its relative scarcity makes it more valuable than other things. It’s interesting, then, to list gold bugs’ arguments in favor of gold. Their main claim is that when governments devalue their currency, by letting inflation run rampant and taking on more debt than seems prudent, gold becomes an attractive investment vehicle. Never mind the problems with storing, moving, and securing gold, the gold bugs say: gold has inherent value that...
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The February 12, 2007 issue of Time magazine included an interesting article by Scott Haig, M.D. entitled Doctors without Dollars. As Dr. Haig illustrated, the traditional practice of medicine is no longer as lucrative as it once was, so doctors are looking for other ways to make a living. Some
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6 Reasons Why A Dollar Crisis Is Imminent by: Perry D. September 27, 2010 The U.S. dollar is sliding dangerously close to a steep cliff -- a possible point of no return at which the currency could collapse and America could join the ranks of the world's banana republics. For more than thirty years, the U.S. has resisted the restructuring, austerity and market forces required to restore the health, competitiveness and potential of its economy. Extending a long-running policy of neglect, denial, short-sightedness, political expediency and corruption, for the past two years, the Federal Reserve has tried to prop up...
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Pool Parties and Golf - Your Tax Dollars at WorkQuestionable Spending at the Department of Justice is Poorly Monitored By Sharyl Attkisson WASHINGTON, July 23, 2010 (CBS) With a $13 trillion debt, why is the Department of Justice spending money on parties and rollercoaster rides rather than investigating crime, drug cartels, prosecuting terrorists? Untold millions of your tax dollars are paying for recreation in the name of crime prevention: pool parties, rollercoaster rides, and police donut-eating contests. The idea is that fun activities keep kids out of trouble, build self-esteem and prevent crime. CBS News investigative correspondent Sharyl Attkisson reports...
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The washing machine cycle takes about 45 minutes _ and George Washington comes out much cleaner in the Zimbabwe-style laundering of dirty money. Low-denomination U.S bank notes change hands until they fall apart here in Africa, and the bills are routinely carried in underwear and shoes through crime-ridden slums. Some have become almost too smelly to handle, so Zimbabweans have taken to putting their $1 bills through the spin cycle and hanging them up to dry with clothes pins alongside sheets and items of clothing. It's the best solution _ apart from rubber gloves or disinfectant wipes _ in a...
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Forget Euro $1.30: Here's The New Crucial Level, And Here's When To Bet On A Turnaround Joe Weisenthal May. 6, 2010, 5:05 AM It was a pretty violent night in euroland, with the battered currency trading in the $1.27s before trading back above $1.28. The $1.30 "support" level that everyone was obsessed with a couple days ago is a fond memory. So what's next? $1.25? $1.20? Mike O'Rourke of BTIG explains what you should be looking out for: The (chart) below highlights the key 1.25 support level which coincides with the October-November 2008 and February-March 2009 bottoms the currency made...
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There's A Global Shortage Of U.S. Dollars Vincent Fernando, CFA May. 6, 2010, 4:43 AM Euro concerns and flight to the U.S. dollar and dollar-based funding has created shortages of U.S. dollars in some Asian markets. Reuters: In Thailand, swap offered rates fell amid concerns that Europe's debt problems are prompting a sharp increase in demand for dollar funding. "I think there are still shortages and this is keeping pressure on forex swaps, fixings and interest rate swaps," said a Bangkok-based trader. ... In India, onshore dollar premiums slid with six-month and one-year premiums falling to two-month lows as concerns...
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Gold Just Tanked Big-Time, As Everyone's Scrambling For Cash Joe Weisenthal May. 4, 2010, 11:10 AM Check out what's happening with gold. People only want greenbacks today.[snip]
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WASHINGTON—Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke unveiled a new $100 bill equipped with two new security features. The bill will go into circulation Feb. 10, 2011. The Fed, along with the Treasury Department, the Bureau of Engraving and Printing and the U.S. Secret Service, "continuously monitor the counterfeiting threats" for each denomination and redesign decisions are made based on those threats, Mr. Bernanke said.
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Cincinnati Tea Party meets downtown Cincinnati, to hold candlelight vigil and send a massage to U.S.Rep.Steve Driehaus-DWest Price Hill,to vote no on the Obama Insurance Bill. My final headcount was nearly 400, counting teenagers and children too.
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When word reached me last week of major breaking economic news out of South Carolina, where, frankly, major economic news rarely breaks, I naturally feared the worst: a repeat of the 1987 boll weevil infestation that had decimated the Myrtle Beach T-shirt industry. But no, fortunately, this kerfuffle involved an apparently sincere attempt by a four-term state politician to unilaterally revert South Carolina to the gold standard. State Rep. Mike Pitts, R-Laurens, introduced legislation that would replace U.S. dollars with gold and silver coins as the recognized legal tender within the Palmetto State. I'm thinking of a Stephen Colbert half...
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BASRAH – United States currency will soon become difficult to find in Iraq as efforts are underway to protect U.S. Soldiers and increase the value of the Iraqi dinar. Sgt. Brittany A. Raimer, a dispersing manager with the 368th Finance Management Company, out of Wichita, Kan., 36th Sustainment Brigade, 13th Sustainment Command (Expeditionary), said eliminating the use of U.S. currency on the battlefield will help to stimulate the economy of Iraq. "One of the main focuses of finance is to ultimately eliminate U.S. currency from the battlefield," said Raimer, a Lake Charles, La., native. "Our government is implementing the use...
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Don't trust the banks... Don't trust the economy and the value of the US Dollar... Don't trust the gold market... What the hell should I save or bury in my yard in order to protect my investments? Sheesh.
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Click here to view video. "In the long run we can't continue to spend as if deficits don't have consequences, as if waste doesn't matter, as if the hard earned tax dollars of the American people can be treated like monopoly money, that's what we've seen time and time again, Washington has become more concerned about the next election than the next generation."
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Gold Falls Hard On Stronger U.S. Dollar Commodities / Gold & Silver 2009 Dec 17, 2009 - 07:36 AM By: Adrian Ash THE PRICE OF GOLD fell hard in Dollars but held flat for non-US investors early Thursday in London following yesterday's Federal Reserve statement on monetary policy. Vowing to keep interest rates at zero "for an extended period", the Fed said it will withdraw "emergency liquidity facilities" by Feb. 2010 – including the unlimited Dollar-swaps currently offered to central banks globally. Gold initially rose to $1142 an ounce overnight, but fell back to $1120 by lunchtime in London, unwinding...
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U.S. Dollar Set To Surprise By Falling To Test All Time Low Currencies / US Dollar Nov 30, 2009 - 01:48 PM By: Captain Hook The dollar ($) is set to surprise the few remaining speculators that think it can't happen by falling further straight away, possibly taking it down to test all time lows at 71. Here, we are talking about the possibility of a more disorderly decline in the $ developing as a result of gold progressing into a parabolic rise, primarily predicated on year-end hedge fund buying into December. First it will be this that takes precious...
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Where did the swine flu vaccinations go? They went the way of the “stimulus money” – that is to say, they were sent here, and shipped there. And, of course, they were “administered” and “disbursed” and “distributed” by high ranking officials who work in very important positions in vital departments of our U.S. Government. But nobody in our government – no one, specific individual – can say with certainty how many flu shots there are, or where they are, or where they might be headed. And the same is true for the billions of dollars that were entailed in President...
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Zero Interest Rates Can't Last Forever. Then Where Are We Headed? by: The Housing Time Bomb November 13, 2009 I apologize for being so quiet this week. I am extremely busy recently so please forgive me! Alrighty, let's get to these wacky markets. I wanted to share some thoughts with all of you around the US dollar and the current "easy money" interest rate policy of the Fed. Before I get into this, let me start by saying the market makes no sense right now when it comes to fundamentals (Surprise! Not!). A strong dollar is usually associated with a...
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Stock Market Rally Priced In Gold Not Dollars Commodities / Gold & Silver 2009 Nov 13, 2009 - 03:41 PM By: Adrian_Ash Non-US investors haven't enjoyed the same stock rally as Wall Street. Whereas in gold... "THE DOLLAR is still driving gold," agree the analysts, pundits and chart-watchers now scratching their heads about where gold is headed next. That's kind of true, but not entirely. Yes, the Dollar's fall against gold since the start of this decade has been greater than the drop suffered to date by the rest of the world's currencies. But the last 20% move in Dollar...
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Watching The USD Drop? Here's What You Should Really Be Watching Shishir Nigam November 09, 2009 The USD vs the JPY is weakest in years. Yes, the DXY dollar index has been hitting new lows around 74. Yes, US government debt and deficits (the 2 infamous “D”s) have been skyrocketing and are projected to keep on growing in the coming years. Yes, the printing presses started by Ben Bernanke might be running faster than most people are comfortable with. And yes, the coming inflation will lead to further devaluation of the dollar which the government will not attempt to stop...
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Today is Monday, for anyone who is going, please look through the Zero Dollar archive and pick out any that you feel you'd want to use and handout to your reps or any politician you run into that day. For those that can't go, find the ones you like and MAIL them today to your reps so their office can get them by Friday. It isn't hard. there are almost 70 different Zero dollars to pick from that expres different problems with Obamacare and the administration in general. I've included the latest example and a link to the archive below:...
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From May through October of 2008, Zimbabwean stocks skyrocketed, shooting from 72,000 to almost 400,000 by early November as measured by the S&P/International Finance Zimbabwe Index. For intrepid investors with a world bent, it would appear to be an attractive return of roughly 5,300%. The only problem is that, while investors had indeed earned more Zimbabwe dollars, the value of those dollars over the same period had nearly evaporated amid the country's hyperinflation, meaning the "return" was actually a catastrophic loss. One Zimbabwe dollar in May of 2008 had lost 99.99% of its purchasing power by November of that same...
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http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html
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Millions of stimulous dollars spent on sex studies, including effect of meth on rats having sex
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Note: The following text is a quote: YOU ARE HERE: Home > Reports > Consular Affairs Bulletins > Report Warden Message: Ecuador Conterfeiting Problems CONSULAR AFFAIRS BULLETINS Americas - Ecuador 30 Jul 2009 U.S. Embassy Quito issued the following Warden Message on July 30, 2009: The U.S. Embassy and Consulate General in Ecuador wish to inform American citizens visiting or resident in Ecuador of the continuing problem of counterfeit U.S. dollars circulating within Ecuador. We remind American citizens to check your currency carefully when leaving any banking institution or private business within Ecuador. Recently, we’ve received reports of counterfeit bills...
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On the surface, China presents a fiscal study in contrast with the United States, keeping a remarkably low ceiling on debt even as it spends its way out of the financial crisis. But hidden liabilities mean China's books are uglier -- potentially much uglier -- than at first sight.
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Soldiers of the 910th Quartermaster Company sort and count excess items at sorting tables in the Forward Redistribution Point warehouse, Joint Base Balad, July 15. As Coalition bases close throughout Iraq, excess inventory is sent here for processing and redistribution, saving U.S. taxpayers billions of dollars. Photo by Spc. Kiyoshi Freeman, 3rd Sustainment Command (Expeditionary). BALAD — Shipping containers arrive here daily filled with every imaginable item: toilet paper, pens, pencils, turbine engines, Humvee repair parts, even a rock climbing wall. As Coalition forces continue their responsible drawdown from Iraq and close bases, Mobile Redistribution Teams (MRTs) comb installations looking...
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The CBO has just released its initial cost estimates on the Democratic health care proposal coming out of the Senate Health, Education, Labor and Pensions Committee chaired by Ted Kennedy, and found that it would increase deficits by at least $1 trillion. In addition, the CBO report undercuts President Obama's insistence that those who like the coverage they have can keep it, as it projects millions of Americans would lose their current coverage
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As reported last week, the Federal Reserve just printed an additional $1 trillion dollars to work into the economy. And the Congressional Budget Office is projecting that our cumulative deficit -- the combination of pre-existing debt, along with all the new spending the president has planned -- will stretch to a stratospheric $9.3 trillion dollars. It's tough to get our minds around such numbers, so here's a helpful visual. This is $1 million dollars (10,000 $100 bills, stacked and bound). And here's what $100 million dollars looks like. That's a lot of money. But it's not quite $1 trillion...
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Can't say a single word about the content of this blog entry, but it is a must see :) Feel free to copy or save and send it to friends and family. Read on.
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This video will take your breath away. At least it should.
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... It seems to me and a lot of other folks that we might label the current bunch of bozos in Congress the Know-Nothing Party because, Democrat or Republican, they have reached a point at which they can be stampeded into voting for the expenditure of huge amounts of money without a clue why or to whom. Now it appears they are getting ready to “stimulate the economy” with a giant, political grab-bag in excess of a trillion dollars. Much like earlier efforts, it is likely to fail while at the same time plunging the nation into deeper and deeper...
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NEW YORK (AFP) – An airline passenger forced to cover his T-shirt because it displayed Arabic script has been awarded 240,000 dollars in compensation, campaigners said Monday. Raed Jarrar received the pay out on Friday from two US Transportation Security Authority officials and from JetBlue Airways following the August 2006 incident at New York's JFK Airport, the American Civil Liberties Union (ACLU) announced.
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NY officials want older trucks fitted with emission-reducing equipment; cost put at $195M ALBANY, N.Y. (AP) -- New York is taking steps to reduce diesel emissions in its construction fleet. The Department of Environmental Conservation is floating proposed regulations requiring trucks made before 2007 to be fitted with emissions-reducing equipment and to use ultra-low-sulfur fuel by 2011. The new regulations would apply only to state-owned trucks or trucks used for state contract work. The DEC estimates it will cost $195 million to retrofit about 30,000 state trucks. The New York State
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Clinton for sale By posting this am I saying that Bill Clinton is different from any other powerful politician, in taking money from foreign donors who obviously hope to influence the political process? No, in this Bill Clinton is not singular. But look at this list: $10 million to $25 million from the Kingdom of Saudi Arabia. Between $1 million and $5 million each from Saudi businessman Nasser Al-Rashid, Friends of Saudi Arabia, the Dubai Foundation, and the governments of Kuwait, Qatar, Brunei and Oman. And the New York Post here is worried about money from India keeping Hillary from...
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