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Twitter valued at $8 billion

The US micro-blogging website Twitter is gaining value and is now worth an estimated $8 billion, the New York Times reported Friday. The newspaper, citing two people briefed on the matter, said the popular website is in the process of raising $400 million in a deal that has provided the…

World needs $1.9 trillion a year for green technology: UN

The world needs $1.9 trillion in green technology investments a year, with over half of that sum necessary for developing countries,” the UN said Tuesday. “Over the next 40 years, $1.9 trillion (1.31 trillion euros) per year will be needed for incremental investments in green technologies,” the UN Economic and…

Supreme Court upends taxpayer-funded campaigns

The U.S. Supreme Court on Monday struck down a law that “triggers” public funding of elections in Arizona in the event of a candidate being heavily outspent by an opponent awash with private funds. The vote was split 5-4, with the conservative majority ultimately winning out. The ruling declared public…

GOP bill would expand power of corporations in presidential elections

Legislation that is expected to reach the House floor this week would give corporations and other large donors a greater role in presidential elections by dismantling the public campaign finance system. Rep. Tom Cole (R-OK) introduced a bill that would end public financing of presidential elections on the anniversary of…

Supreme Court may kill Arizona’s fair campaign financing law

Less than a year after the controversial Citizens United ruling, the Supreme Court is expected to rule against an Arizona law that seeks to moderate election spending by providing subsidies to candidates who face big-spending opponents. On Monday, the Supreme court announced it would hear a challenge to the Clean…

Shocking cable: US says Saudi donors are chief financiers of al Qaeda

A quick aside in a New York Times article about leaked diplomatic cables is sure to spark renewed interest about the role of the US’ biggest ally in the Gulf supporting terrorism. In their wide-ranging précis of the leaked cables, Times reporters Scott Shane and Andrew Lehren mention in passing…

Spain arrests American al-Qaida suspect

Spain arrests American of Algerian origin on suspicion of financing al-Qaida Spanish police have arrested a U.S. citizen of Algerian origin who is suspected of financing al-Qaida’s North African affiliate, the Interior Ministry said Wednesday. Mohamed Omar Debhi, 43, was arrested Tuesday in the town of Esplugues de Llobregat near…

Ground zero mosque may get tax-free, public financing

The Muslim center planned near the site of the World Trade Center attack could qualify for tax-free financing, a spokesman for City Comptroller John Liu said on Friday, and Liu is willing to consider approving the public subsidy. The Democratic comptroller’s spokesman, Scott Sieber, said Liu supported the project. The…

IMF plans $100b Green Fund to assist poor

DAVOS, Switzerland — The International Monetary Fund is planning a 100 billion dollar fund to help countries mitigate the effects of climate change, the agency’s head said. “The new growth model will be low carbon,” Dominique Strauss-Kahn, managing director of the IMF, told political and business leaders meeting at the…

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