Obama and Sarkozy back steps toward Palestinian bid at U N
At the United Nations on Wednesday Barack Obama and Nicolas Sarkozy urged renewed talks with Israel while Palestinian President Mahmoud Abbas pressed toward a Security Council bid for full statehood. France favored observer state status with a one year deadline. Obama warned there are no shortcuts to peace and signaled a veto threat.
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Federal Reserve shifts 400B to lower rates and lift economy
The Federal Reserve will move 400 billion dollars of its holdings to reduce long term interest rates and stimulate spending. Economists doubt meaningful impact as investors push stocks lower and dissent grows among policy makers. The Dow ends down 283 points amid murky housing and growth signals.
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Georgia executes Troy Davis amid global protests
Troy Davis was put to death in Jackson Georgia after Supreme Court denied a stay. Supporters worldwide condemned the execution calling him innocent as they staged vigils and urged abolition of the death penalty. Davis insisted he did not commit the 1989 murder of off duty officer Mark MacPhail.
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White supremacist Brewer executed for dragging death
Lawrence Russell Brewer, linked to a brutal East Texas hate crime, was executed in Huntsville after admitting no final words. The 44 year old faced juried charges for the slaying of James Byrd Jr., who was dragged to death behind a pickup along an asphalt road. Byrd’s family witnessed the execution and Byrd’s sisters urged that racial hatred brings severe consequences.
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