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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 23, 2012
Page
3
Militants assaulted the Naval Station Mehran in Karachi killing four sailors and wounding nine while fighting with commandos for hours. Attacks involved destroying a U.S.-supplied surveillance aircraft and attackers splitting into groups across the high security base.
U.S. agents warn prepaid stored-value cards offer anonymous reloadable cash access for criminals, aiding cross border drug proceeds moves. Regulators lack controls, with examples like Virtual Money Inc moving at least $7 million to Medellin in 2006 as investigators recalibrate financial footprints.
In France a majority, 57 percent in a poll, view former IMF chief Dominique Strauss-Kahn as the victim of a plot rather than the accused. The debate reflects distrust in politics as Sarkozy’s standing wanes and investigations unfold after his arrest in New York.
Utah becomes the first state to legalize gold and silver coins as legal tender and exempt their sale from state capital gains tax. Craig Franco plans a June 1 opening for the Utah Gold and Silver Depository offering debit-like cards backed by stored precious metals. Rep. Brad Galvez sparked the measure as a protest against Fed policy.
Michigan Missouri and Arkansas cut maximum weeks of state unemployment benefits while Florida nears a change tying duration to unemployment levels. The moves reflect strained state funds after the recession and aim to limit future tax increases on businesses as states borrowed over 44 billion from the federal pool.
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