Daily Archives: July 5, 2012

Army Loses 17 Major Units In Defence Cuts

Five infantry battalions are to go in the biggest overhaul of the Army in decades, which will see it slashed by a fifth. Continue reading

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MPs Reject Leveson Inquiry-Style Bank Probe

The Government’s preferred parliamentary probe gets the go ahead with MPs voting against Labour calls for a public inquiry. Continue reading

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One Month’s Rain Due To Fall In Two Days

A severe weather warning is issued by the Met Office as more torrential rain is forecast. Continue reading

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Apartment rent sticker shock gets worse

Renting an apartment in the U.S. became even more expensive during the second quarter, as vacancies set a new 10-year low and rents rose at a pace not seen since before the financial crisis, according to real estate research firm Reis Inc. Continue reading

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Air France crash probe blames pilots, equipment

The final report into the crash of Air France Flight 447— which killed 228 people when it went down off the coast of Brazil more than three years ago — puts the blame on the aircraft’s pilots and equipment failure. Continue reading

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The serious homes of late-night TV’s jokers

When the funny men of late-night TV stand before us, they’re alone on a stage. Maybe that’s why it’s an amazing leap to picture these unique hosts inside the amazing digs they call home Continue reading

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Japan nuclear crisis called ‘man-made’ as reactor restarts

A parliamentary commission in Japan says last year’s nuclear crisis was “man-made” and the result of cozy relations between government and industry, as the country begins generating power with reactors. Continue reading

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Lawmakers got loan deals from Countrywide

The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. Continue reading

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Barclays warned of possible downgrades

Two leading credit rating agencies took steps Thursday toward downgrading Barclays in the wake of a trading scandal that’s seen three senior Barclays executives, including CEO Bob Diamond, hand in their resignations. Continue reading

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RAF Tornado Crash Pilots Are Named

The Defence Secretary pays tribute to the aircrew killed when two RAF jets came down in Scotland. Continue reading

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