Brazil vault heist yields 67.8 million in Fortaleza
Thieves spent three months tunneling under a busy boulevard to breach a Fortaleza Central Bank vault in a weekend heist. No arrests yet. eight suspects identified. Bank probes why security cameras and motion detectors failed as authorities study inside help and timeline.
MENTIONED IN THIS ARTICLE
Sao Paulo
Brazil
South America
Fortaleza
Sabrina Albuquerque
Central Bank
Beatriz Dornelles
Bank Heist Tunnels Found to Access Vault
Thieves drilled a 262 foot tunnel from a rented house to the bank vault, entering through a 28 inch high shaft. Three months of work created a lined passage with wooden panels plastic sheeting and electric lighting to steal Brazilian real notes worth about 22 dollars each intended for inspection by Central Bank auditors.
Man Convicted in Capital Murder Linking GTA Defense
Devin Moore was found guilty of capital murder in the 2003 killings of three police officers in Fayette Alabama. Jurors, after deliberating about an hour, scheduled sentencing. the defense cited the Grand Theft Auto video game and childhood abuse as factors.
MENTIONED IN THIS ARTICLE
Fayette
Ala
Devin Moore
Moore
Jim Standridge
Bush voices concern on energy and health care costs
President Bush expressed worry about rising energy and health care prices as the Federal Reserve raised short term rates to 3.50 percent, marking the tenth hike in 14 months. Banks boosted prime lending to 6.50 percent amid a backdrop of weak approval ratings and high gas prices.
MENTIONED IN THIS ARTICLE
Crawford, Texas
Bush
Federal Reserve
Fed
Federal
Associated Press
Ipsos
Texas
Ben Bernanke
President’s Council of Economic Advisers
Medicare lowers cost estimate for drug program
Medicare on Tuesday said its outpatient prescription benefit will cost about 14 percent less next year, easing senior budgets and trimming taxpayer exposure. National average monthly premium is now expected at 32.20 dollars, down from 37.37, as bids from private plans cover more than 42 million eligible elderly and disabled. Medicare Administrator Mark McClellan credited robust private competition for the savings, a win for Bush’s agenda amid cautious elderly reception.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Washington
Medicare
U.S. Treasury
Bush
Mark McClellan
Congress
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Energy Department
U.S
Allan Hubbard
National Economic Council
Bernanke
GARE
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Wicker
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