Massive San Diego drug seizure nets over 20 tons pot
Federal authorities in San Diego seized more than 20 tons of marijuana smuggled through an underground tunnel linking warehouses on both sides of the California Mexico border. Mexican authorities seized over four tons. The bricks were packaged for sale and valued at more than $20 million in street terms. Inspector John Morton called it the work of a cartel.
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Qantas A380 makes emergency landing in Singapore
A Qantas double decker A380 with 459 aboard diverted to Singapore after an engine failed shortly after takeoff from Singapore en route to Sydney. Officials said the plane landed safely with no injuries and dismissed reports of an explosion.
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Indonesia
Mount Merapi
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Greece Moves to Tighten EU Mail Screening
Greece halted outgoing airmail and screened thousands of boxes in a two day ban on foreign deliveries amid a wave of mail bombs. Merkel's office received a bomb, flights paused at Bologna, and Berlusconi was targeted. Officials in Greece and Germany support broader EU screening rules.
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Angela Merkel
Italy
Bologna
Silvio Berlusconi
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Domino's Japan Plans One Hour Part-Time Job Listing
Domino's Pizza Japan Inc offers a 31 thousand dollar part time position for one hour in December. The post requires no experience or education and is open to applicants over 18. Details will be released on Wednesday as the company confirms the unusual listing.
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Domino's Pizza Japan Inc
Domino's
Fed to spend 600B to boost economy and jobs
The Federal Reserve will buy about 600 billion dollars in government bonds at roughly 75 billion per month through mid next year to lower interest rates, spur spending, and lift hiring. Wall Street rose to year’s highs on the plan, but analysts warned of inflation risk, asset bubbles, and a weak dollar. Some skeptics doubted it would fully solve the economy’s problems in the near term. The move followed voter frustration over unemployment and a weak housing market.
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Washington
Federal Reserve
Fed
Mark Zandi
Moody’s Analytics
Federal Reserve Announces Plan to Spur Sluggish Economy
The Fed unveils a plan totaling 850 to 900 billion dollars, aiming to lower interest rates and boost demand. Analysts warn inflation risks exist, though Ben Bernanke says fears are overstated. Ten Fed officials support the move while one dissents, Thomas Hoenig. The broader political shift in Congress is seen as complicating further economic initiatives.
Merapi eruption drives tens of thousands from homes
Indonesia's Mount Merapi blasts searing gas and rocks, triggering a mass exodus of over 70,000 people from villages and shelters. Officials warn funds will run out in days as the volcano shows intensified activity and the danger zone expands to nine miles from the peak. Survivors describe fleeing with families as military aid transports evacuees and essentials to camps away from the ash.
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Indonesia
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Surono
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Al-Qaida in Iraq Threatens Christians Across Region
The Islamic State of Iraq warns it will attack Christians after the Baghdad cathedral siege that killed 58. It tied the claim to Egypts Coptic Church and demanded release of women who allegedly converted to Islam and al-Qaeda linked prisoners. The group vowed to strike Christian centers and leaders wherever reachable.
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Al-Qaida
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