Global scam crackdown nets hundreds of arrests
Officials say more than 2.8 million Americans were exposed to credit card and investment scams as authorities in five countries arrested 565 people in fraud schemes worth over 1 billion dollars. The operation named Global Con targeted telemarketing mailings and the Internet, with many victims being elderly or immigrants.
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China expands military reach amid modernization push
A Pentagon study says China is rapidly extending its military reach by buying long range aircraft and weapons to contest the United States and threaten other nations. The report notes focus beyond Taiwan and echoes concerns over nuclear advances. U.S. officials estimate Beijing's defense budget at two to three times the public 35 billion dollars for 2006.
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Clinton calls for halving foreign oil use by 2025
Senator Hillary Rodham Clinton proposed cutting U.S. dependence on foreign oil by about 8 million barrels daily by 2025. She urged expanding ethanol, tax credits, investment, and a $50 billion research fund, in a National Press Club address watched by supporters and critics alike. Senator Grassley noted EPA ethanol laws exist and offered cautious welcome.
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