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Facebook windfall to help California fill budget hole

Facebook’s initial public offering will make lots of its staff in California rich — and should therefore help the perennially cash-strapped state fill a whopping $16 billion budget hole. According to official estimates, the record-setting IPO Friday will make a windfall of some $2.1 billion dollars for California, whose governor…

Guantanamo tribunal weighs separate 9/11 trials

A special US military tribunal at Guantanamo is weighing whether to hold separate trials for five accused plotters of the September 11 attacks, a defense lawyer said. The men, who are being held at Guantanamo Bay, were formally charged earlier this month with crimes that include murder and terrorism. They…

Obama urges lawmakers to defend Wall Street reform

US President Barack Obama urged members of Congress on Saturday to defend Wall Street reform, arguing the recovering US economy cannot take the risk of lax oversight over the financial sector. “That’s why it’s so important that members of Congress stand on the side of reform, not against it,” the…

Nato protesters arrested in Chicago raid held on terrorism conspiracy charges

Lawyer says men are ‘in shock’ over allegations they tried to make a Molotov cocktail ahead of Nato summit protests Three Nato protesters, arrested in a late night raid on Wednesday, have been charged on terrorism-related offences. Police claim the charges of conspiracy to commit terrorism, providing material support for…

Romney tells NATO leaders he’d be a better partner

WASHINGTON — White House hopeful Mitt Romney urged NATO leaders gathering in Chicago this weekend to consider him a more reliable partner than President Barack Obama, whose actions “undermine” the alliance. The presumptive Republican nominee accused Obama of diminished international leadership and orchestrating nearly $1 trillion in cuts to the…

First Romney campaign ad promises tax cuts for the rich on ‘Day One’

WASHINGTON — Republican Mitt Romney unveiled Friday his first TV ad focused on the general election campaign, saying he’d repeal President Barack Obama’s health care law, cut taxes and approve a key oil pipeline. The 30-second, upbeat advertisement is the Romney campaign’s first since he became the presumptive Republican nominee…

Video released of Trayvon Martin buying iced tea and Skittles

Prosecutors have released video footage of Trayvon Martin buying sweets and a drink in a Florida convenience store minutes before he was shot and killed in a confrontation with a neighbourhood watch leader. The scenes recorded at the 7-Eleven close to the Retreat at Twin Lakes development in Sanford show…

Republican-led House votes to allow military action against Iran

The Republican-led House of Representatives approved Friday the use of US force against Iran if the Tehran regime threatens the United States and its allies with nuclear weapons. According to a section of the National Defense Authorization Act, “it shall be the policy of the United States to take all…

Man charged with threatening to blow up Wisconsin Democrats’ HQ

A Wisconsin man was charged on Friday afternoon for threats he made in February and March, in which he claimed that he was going to shoot Democrats and blow up the party’s state headquarters in Madison. In more than 100 calls allegedly placed by William O. Diedrich to the Wisconsin…

Facebook users file class action lawsuit over online tracking

Facebook’s first day of trading following its $100bn flotation has been gate-crashed by a $15bn class action against the social network. Users of the service have filed an “amended consolidated class action complaint” in federal court in San Jose, California, relating to allegations that Facebook has been “improperly tracking the…

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