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SEC probes of Madoff ‘Deeply Troubling’ – Cox

U.S. Securities and Exchange Commission Chairman Christopher Cox called for a probe of his agency, saying what he has learned about its investigations of Bernard Madoff before the investment manager confessed to operating a $50 billion Ponzi scheme is “deeply troubling.” “Credible and specific allegations” were made to SEC staff …

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How to spot a scam

Dear Sir, First I must solicit your confidence in this transaction, this is by virtue of it’s nature as being utterly Confidential and top secret. Though I know that a transaction of this magnitude will make any one apprehensive and worried, but I am assuring you that this is real …

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Equating Ghana’s polls with Nigeria’s is erroneous – Iwu

Independent National Electoral Commission (INEC) Chairman, Professor Maurice Iwu , yesterday faulted the conclusions of those drawing a parallel between the conduct of the 2007 general elections in the country and the recent Ghanaian presidential and parliamentary elections , saying the two country’s political environments were different. According to him, …

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US slashes interest rates to nearly zero

The US Federal Reserve has slashed its key interest rate from 1% to a range of between zero and 0.25% as it battles the country’s recession. In its statement, the Federal Reserve warned that “the outlook for economic activity has weakened further”. It predicted that rates would stay at the …

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Obama picks Nobel winning physicist as energy secretary

Barack Obama has named physics Nobel Prize winner Steven Chu as his energy secretary and tasked him with finding alternatives to fossil fuels. The US president-elect said the new administration’s priorities were to end US dependence on foreign oil and fight climate change. Naming his environment team, he said US …

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Madoff investment scam hits bigger banks

Some of the world’s biggest banks have revealed they are victims of an alleged fraud which has lost $50bn (£33bn). Bernard Madoff, who was arrested on Thursday, has been charged with fraud in what is being described as one of the biggest-ever such cases. Among the banks that have been …

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Runner from Ghana running out of time in the U.S.

It was 6:30 on a Saturday morning in mid-October when they knocked on the door of the small, second-floor apartment he shared with his beloved cat, Tiger. Edward Mensah is usually up then because he meets a group of guys every Saturday morning just past 8 a.m. — a lawyer, …

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Mumbai attackers more tech savvy than police

When the attackers arrived on the shores of Mumbai last month, they had studied satellite images of the city, were carrying handheld GPS sets and were communicating with their handlers via the Internet and satellite phone. Many of the Indian police they encountered did not even have walkie-talkies. The Mumbai …

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Zimbabwe power-sharing deal makes gains

Zimbabwe President Robert Mugabe published a draft constitutional amendment in the government gazette Saturday, paving the way for the power-sharing agreement reached after violence disrupted this year’s presidential election. President Robert Mugabe, left, and opposition leader Morgan Tsvangirai signed the deal in July. Constitutional Amendment 19 details the posts and …

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Captured Mumbai gunman’s chilling confessions

The gunman captured in last month’s Mumbai attacks had originally intended to seize hostages and outline demands in a series of dramatic calls to the media, according to his confession obtained Saturday by The Associated Press. Mohammed Ajmal Kasab said he and his partner, who assaulted the city’s main train …

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