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Obama’s weekly radio address – A transcript

Over the past few weeks, Vice President-Elect Biden and I have announced some of the leaders who will advise us as we seek to meet America’s twenty-first century challenges, from strengthening our security, to rebuilding our economy, to preserving our planet for our children and grandchildren. Today, I am pleased …

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Yar’Adua elected ECOWAS chairman

President Umaru Yar’Adua was Friday December 19, 2008 elected the chairman of the Economic Community for West African States (ECOWAS). He took over from Mr. Blaise Campaore, president of Burkina Faso, and would lead the regional body for one year. The election of the Nigerian president was one of the …

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Obama calls on car makers to ‘reform’

US President-elect Barack Obama has welcomed the multi-billion dollar aid package for US carmakers, but said the industry faces some “hard decisions”. The US government is to provide $17.4bn (£11.6bn) in loans to help General Motors and Chrysler survive. Mr Obama said the package was a “necessary step” to “help …

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Zimbabwe is mine: Mugabe

President Robert Mugabe said Friday that “Zimbabwe is mine” and vowed never to surrender, saying no African nation was brave enough to topple him. Responding to an American envoy’s call on Thursday to step down, the latest of many such calls from around the globe, Mr. Mugabe said: “I will …

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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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