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Corzine apologizes for collapse of MF Global

WASHINGTON (Reuters) – Jon Corzine, the former chief executive officer of MF Global, apologized to a U.S. House panel on Thursday for the collapse of the brokerage and said he was “stunned” when he first learned customer funds were missing. “I simply do not know where the money is, or…

U.S. denies delaying global climate deal

DURBAN, South Africa (Reuters) – The United States denied on Thursday it was trying to delay a new global climate deal until 2020, saying it supported an EU proposal that aims to chart a path to a more ambitious pact to fight climate change. Delegates from almost 200 countries have…

Gay half-sister of Republican Gingrich backs Obama

(Reuters) – The gay half-sister of Republican presidential candidate Newt Gingrich slammed his position on gay rights on Wednesday and said she will support President Barack Obama, a Democrat, in the 2012 election. Candace Gingrich-Jones, a gay rights activist, told MSNBC’s Rachel Maddow that she and her older half-brother, the…

Republicans urge covert ops against Iran, Syria

Republican US presidential candidates have redoubled their public calls for “covert” operations against Iran and Syria, including sabotage, assassination and aid to opposition forces. Former House speaker Newt Gingrich, who has led the calls for secret war, told a gathering of party activists on Wednesday he would use “covert capability”…

Obama rejects bid to tie pipeline to tax row

WASHINGTON — President Barack Obama Wednesday warned he would reject any bid by Republicans to make his plans for a payroll tax cut conditional on his prompt backing for a contentious US-Canada oil pipeline. As he met Canadian Prime Minister Stephen Harper, who supports the Keystone XL project, Obama staked…

Guards shoot some prisoners to quell California riot

SACRAMENTO (Reuters) – Nine prisoners were wounded, some of them shot by guards, during a riot of 50 inmates at a California prison on Wednesday that was eventually quelled, authorities said. Some corrections officers also were slightly injured during the melee at California State Prison-Sacramento, said Terry Thornton, a spokeswoman…

Police arrest 62 as ‘Occupy’ protesters target lobbyists

WASHINGTON — Police arrested 62 protesters Wednesday as supporters of Occupy Wall Street targeted lobbyists who promote the interests of corporate America in Washington’s corridors of power. Undeterred by steady rain, more than 1,000 marchers — many of them labor-union activists — shut down several blocks of K Street, epicenter…

White House presses hard for consumer chief

WASHINGTON — The White House Wednesday warned that Republican opposition to the nomination of a chief for a new consumer watchdog agency left millions of Americans open to abuses from the finance industry. Republicans are opposing the President Barack Obama’s pick of former Ohio state official Richard Cordray to head…

Police arrest 12 during ‘Take Back the Capitol’ rally

WASHINGTON — US police made a dozen arrests near the White House on Wednesday as more than a thousand demonstrators converged in the latest protest against corporate greed and inequitable distribution of wealth. After an hour of face-to-face talks, officers including some on horseback, started to detain demonstrators who had…

Georgia Democrat proposes drug testing for lawmakers

Democratic Georgia state Rep. Scott Holcomb has introduced legislation to the General Assembly that would require lawmakers to pass a drug test before taking office. The usual bill was filed last week in response to a proposal to drug test welfare applicants, according to the Atlanta Journal-Constitution. “This bill is really very…

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