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Friday most popular day for bank robberies

NEW YORK (Reuters) – Bank robberies in the United States take place most often in mid-morning, on Fridays and in southern and western states, according to government statistics released on Tuesday. Robbers stole slightly more than $43 million last year nationwide in 5,546 robberies of banks, credit unions and other financial institutions, statistics…

China could overtake US economy by 2030: World Bank

HONG KONG (AFP) – China could overtake the United States as the world’s largest economy if it maintains annual growth of eight percent over the next 20 years, the World Bank’s chief economist said Wednesday. China, which last year overtook Japan as the number-two economy, has already set a growth…

US charges 3 with negligence in WaMu bank collapse

WASHINGTON (AFP) – The US government accused three bankers Thursday with reckless mismanagement that led to the country’s largest-ever bank collapse during the 2008-2009 home loan crisis. In rare charges brought against bankers involved in the home-finance industry collapse, the Federal Deposit Insurance Corporation told Seattle federal district court that…

‘US Uncut’ crashes Bank of America ‘Tax Dodger Conference’

Several demonstrators crashed Bank or America’s Investor Conference Tuesday to make the point that when corporations don’t pay taxes, governments are forced to lay off public workers. A blog posting by the anti-austerity group U.S. Uncut called for protesters to gather Tuesday morning at what they called Bank of America’s…

US Treasury Secretary Geithner bullish on global economy

BERLIN – The US Treasury Secretary said Tuesday the global economy was at its healthiest for several months, in bullish remarks on a whirlwind trip to Germany where he also discussed the euro crisis. Speaking after a meeting with Wolfgang Schaeuble, Germany’s finance minister, Timothy Geithner said: “We see a…

Ex-Governor Roemer to launch presidential bid

WASHINGTON (Reuters) – Former Louisiana Governor Buddy Roemer said on Wednesday he plans to take a step toward a run for the Republican presidential nomination in 2012 and campaign against business-as-usual in Washington. Roemer is to hold a news conference on Thursday in Baton Rouge at the bank where he…

Update: Palantir apologizes for proposal to attack WikiLeaks

The data intelligence firm Palantir Technologies apologized Thursday for its involvement in developing a proposal to Bank of America to attack secrets outlet WikiLeaks. Two other data intelligence firms, HBGary Federal and Berico Technologies, helped to concoct a plan for a coordinated cyber assault against the website. “I have directed…

Asia faces climate-induced migration ‘crisis’: report

SINGAPORE — Asia must prepare for millions of people to flee their homes to safer havens within countries and across borders as weather patterns become more extreme, the Asian Development Bank warns. A draft of an ADB report obtained by AFP over the weekend and confirmed by bank officials cautioned…

WikiLeaks founder plans major leak if his website is shut down permanently

WASHINGTON — WikiLeaks founder Julian Assange on Sunday detailed a plan to release a deluge of secret documents should the whistleblower website be permanently shut down. In an exclusive interview with CBS News’s “60 Minutes,” Assange said his group had a “system whereby we distribute encrypted backups of things we…

Obama calls on world to honor Haiti pledges

WASHINGTON — US President Barack Obama urged the world on Tuesday to honor its pledges to help Haiti emerge from the nightmare of a devastating earthquake one year ago that killed a quarter of a million people. The US leader, who presided over a major US humanitarian mission for the…

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