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Watergate scandal informant dies

Mark Felt, the former FBI official who revealed himself to be Deep Throat, the source that exposed the Nixon-era Watergate scandal, has died. His family says he died at a hospice near his home in California, aged 95. Deep Throat helped reporters from the Washington Post newspaper uncover abuses of …

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Bush unveils $17.4bn car bail-out

The US government will provide $17.4bn (£11.6bn) in loans to troubled carmakers GM, Chrysler and Ford. President George W Bush said allowing the US car industry to fail would not be “a responsible course of action”. Carmakers will get $13.4bn in short-term financing from the $700bn Wall Street bail-out, and …

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Ghanaian student in India escapes lynching

A 26-year-old Ghanaian student in India was lucky to escape lynching by enraged motorists and passersby, when he was rescued by police, the Times of India has reported. The student enraged motorists and passersby when he attacked and assaulted policemen on duty. The student, Ernest Hunno was alleged to have …

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Zuma sues cartoonist

South Africa’s ruling party leader Jacob Zuma is suing a cartoonist for $712,300 (£464,200) for a controversial drawing of him published in September. In the Sunday Times newspaper cartoon, Jonathan Shapiro draws Mr Zuma about to rape the “justice system”. It appeared at a time when Mr Zuma was facing …

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Shame on you – Obama blasts Wall Street

Barack Obama scolded Wall Street Thursday for a me-first mind-set that fed the financial meltdown – and held up financier Bernie Madoff as exhibit A for greed. “There needs to be a shift in ethics on Wall Street,” Obama said as he tapped a new top cop at the Securities …

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Madoff could not have acted alone

Bernard Madoff’s contention that he pulled off one of the biggest financial frauds in history without any help is being met with disbelief by his investors and experts in the securities industry. It normally takes a team of accountants, stock brokers, lawyers and more to operate the kind of multibillion-dollar …

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South Korean actress imprisoned for adultery

One of South Korea’s best-known actresses, Ok So-ri has been given a suspended prison sentence of eight months for adultery. She admitted the offence and the court suspended the sentence for two years. The trial took place after Ms Ok failed to get the constitutional court to overturn the strict …

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Ghanaian found guilty of $10m fraud in U.S.

A 42-year-old Ghanaian man has been found guilty of fraud in Newark, United States of America. The man, Michael Kyereme, who works as an information technology specialist appeared in court accused of stealing thousands of dollars from corporate vaults to give to the needy in Ghana, reports from Newark, New …

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Madoff under house arrest, on $10m bail

Bernard Madoff, the hedge fund boss accused of a $50bn (£32bn) fraud, has put up $10m bail and in effect been placed under house arrest. Mr Madoff turned up at New York’s federal court to sign some papers but did not answer reporters’ questions. He signed over his New York …

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Madoff’s wife under investigations

Ruth Madoff, the 67-year-old wife of alleged fraud mastermind Bernard Madoff, is being investigated by U.S. regulators over whether she helped maintain secret records used in a $50 billion Ponzi scheme, a person familiar with the matter said. The Securities and Exchange Commission, combing through files at her husband’s New …

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