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Shareholders Want Goldman Sachs Chief to Resign
by Tom McGregor    Fri, May 7, 2010, 10:08 PM

Blankfein Goldman.jpgShareholders are in revolt and pleading for Lloyd Blankfein, the chief executive officer of Goldman Sachs, to resign. They demand a drive to regain the trust of investors and clients; by calling for a “rigorous self-examination” of the investment banks’ activities.

The Daily Telegraph of London reports that, “Mr. Blankfein – attempting to douse the flames sparked by the Securities and Exchange Commission’s civil fraud charges – admitted ‘that there is a disconnect between how we as a firm view ourselves and how the broader public perceives our role and activities in the market.”

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Warren Buffett Faces SEC Scrutiny
by Tom McGregor    Fri, May 7, 2010, 08:08 PM

Buffett SEC.jpgThe Securities and Exchange Commission (SEC) is examining Warren Buffett’s Burlington deal disclosure. He is deemed to be the most gifted investor of his generation – with personal touch recognized for finding and negotiating deals where others drop by the wayside. Yet, it is that personal touch that may have gotten Warren Buffett into hot water.

According to the Daily Telegraph of London, “for Mr. Buffett’s $26.3bn. landmark takeover of Burlington Northern Santa Fe is now the subject of an erly-stage examination by the Securities & Exchange Commission (SEC).”

 

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Cameron Brokering Deal to be Next UK Prime Minister
by Tom McGregor    Fri, May 7, 2010, 05:25 PM

Broker Cameron.jpgAs the election of Great Britain 2010 descends into shambles, Conservative Party leader David Cameron may outdo the presiding prime minister, Gordon Brown, in a power grab for the top job in the United Kingdom. Cameron is seeking the support of Nick Clegg, a Liberal Democrat Party leader.

The Daily Mail of London reports that, “millions thought they were voting for change and more honest and open politics. But the reality of a hung parliament dawned as a defiant Gordon Brown claimed squatters’ rights in Downing Street, while the nation’s future was being stitched up behind closed doors. The most tumultuous election anyone could remember ended in a weekend of 1970s’-style horse-trading between the parties and a dangerous period of uncertainty.”

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LA Times Not Endorsing Sen. Barbara Boxer
by Tom McGregor    Fri, May 7, 2010, 02:55 PM

Barbara Boxer.jpgThe editors of the Los Angeles Times, the largest newspaper on the West Coast who were anticipated to endorse Sen. Barbara Boxer in her campaign against lightweight opposition, have correctly judged to remain neutral, claiming the California Democrat doesn’t contain enough intellectual firepower.

According to Fox News, “the left-leaning Los Angeles Times on Friday declined to offer endorsements in all Democratic and Republican primaries for governor and Senate, saying the races have been undermined by politics and money.”

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Willie Nelson Gets Statue and Boulevard in Austin
by Tom McGregor    Fri, May 7, 2010, 01:09 PM

Bud Wilie.jpgCountry music star Willie Nelson, who once boasted that he smoked marijuana at the White House when Jimmy Carter was president, is being honored in Austin with plans for a guitar-in-hand bronze statue and a street named in his honor.

The Houston Chronicle reports that, “the city council on May 27 is scheduled to vote on dubbing a stretch of 2nd street “Willie Nelson Boulevard.” A smaller version of a planned Nelson statue was unveiled Thursday.”

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'Dirk Departing Dallas'? Mavs Owner Cuban Says, 'I Don't Think He's Going Anywhere'
by Mike Fisher    Thu, May 6, 2010, 06:09 PM
Contention. Loyalty. Money.

    Those are the issues as Dirk Nowitzki approaches an offseason full of contractual choices to make, an offseason that started with he with Mavs owner Mark Cuban “and a bunch of guys (spending) the weekend together and (spending) a lot of time talking about it,’’ Cuban reports. “So I don’t think Dirk is going anywhere. … I think Dirk is committed as I am to bring a championship to the Mavericks.’’

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Chemist is Richest Man in China
by Tom McGregor    Thu, May 6, 2010, 04:41 PM

Chemist Li.jpgA man who turned pigs’ intestines into blood thinner has become the richest person in China. He was a pharmaceutical researcher who discovered a method to harvest blood thinner from pigs’ guts.

The Times of London reports that, “Li Li rose to the top slot of China’s rich-list today as shares in his Shenzhen Hepalink Pharmaceutical Co. were listed on China’s Nasdaq-style market for start-ups.”

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Chaos Erupts in Kyrgyzstan
by Tom McGregor    Thu, May 6, 2010, 01:18 PM

Border Kyrgyzstan.jpgViolent protests Kyrgyzstan last week have left the nation dealing with political collapse. Yet, as the interim government attempts to restore order, questions are also being asked about the impact on the economy, as revealed by the BBC’s Rayhan Demytrie from the capital city of Bishek.

As Shapina Teleushova recounts the night of demonstrations, her voice trembles in terror.

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Japan Re-activates Accident-prone Nuclear Power Plant
by Tom McGregor    Thu, May 6, 2010, 12:48 PM

Atomic Monju.jpgThe Atomic Energy Agency of Japan announced it has restarted a controversial nuclear reactor; nearly 15 years after its operations were suspended.

The BBC News reports that, “a spokesman for the agency said work began at the plutonium-fired reactor in the northern fishing town of Tsurunga after the government gave the go-ahead.”

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Christian Calls Homosexuality a Sin; Gets Arrested
by Tom McGregor    Thu, May 6, 2010, 10:26 AM

British Cops.jpgA Christian street preacher, Dale McAlpine, gets thrown in jail for saying that homosexuality is a sin in the eyes of God to a passer-by. He was charged with causing “harassment, alarm or distress” after the gay police community support officer (PCSO) could hear him reciting a number of sins referred to in the Bible that include blasphemy, drunkenness and same-sex relationships.

 

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