Dodd calls for GM chief Wagoner to step down
Senator Chris Dodd signaled a condition for a $15 billion auto bailout by saying General Motors chief executive Rick Wagoner should resign. The stance signals a potential top-level Detroit overhaul in exchange for financial aid. The report also notes gasoline prices fell to $1.75 per gallon nationwide as of Friday, the lowest in nearly five years.
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Obama says economy will worsen before improvement arrives
President-elect Barack Obama warned the U S economy is set to get worse before it improves and pledged a recovery plan equal to the task He stressed preserving auto industry capacity but tied aid to a viable restructuring He urged faster foreclosure relief and outlined a focus on shovel ready public works to spur immediate and long term growth
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Riots rage in Athens and Thessaloniki after police shooting
Hundreds of youths angry over the fatal police shooting of a teenager rampaged through Greece's two largest cities. Gangs smashed shops, torched cars, and built burning barricades in Athens and Thessaloniki, marking one of the worst riots in years.
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Iraq to Guard Historic Sites With Police Commandos
Iraq will dispatch police commandos to safeguard archaeological heritage including Babylon as sites remain vulnerable to looting after the 2003 U S invasion. The plan was announced by the government on Sunday and targets ancient cities and museums across the country.
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