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While U Slept. Big 5 Overnight Stories. Tuesday, May 4, 2010

May 4, 2010

OVERNIGHT “LAST SECOND” ARREST IN TIMES SQUARE BOMB PLOT Naturalized US citizen from Pakistan is arrested as he tries to leave country at JFK airport. Faisal Shahzad, 30, will appear in court Tuesday to face charges.  Dubai-bound flight with Shahzad aboard was reportedly set for takeoff when authorities called back to gate, made arrest. (CNN)

ASH CLOUD IS BACK. UK, IRELAND AIRPORTS CLOSED AGAIN Volcanic ash drifts back into European air space overnight, airlines forced to cancel more flights as business travel is reduced and summer travel looms. (Reuters)

GREEKS PROTEST AUSTERITY MEASURES, AIM FOR ACROPOLIS Government $40 million spending cuts and ancient monument are targets of major protests as strikes begin across Greece. (AP)

PROSECUTION SEEKS DEATH PENALTY FOR MUMBAI ATTACKER For “heinous” Nov. 2008 attacks, prosecutor demands hanging for 22-year-old Pakistani who was lone surviving member of terrorist unit that killed more than 160. (NYTimes)

REPORT: FEDERAL PROBE INTO POSSIBLE APPLE ANTITRUST VIOLATIONS U.S. antitrust enforcers focused on recent changes in company’s licensing agreement with iPhone, which may unfairly stifle mobile phone competition. (WSJ)

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One comment

  1. Protests are raging in Greece today; due to the government’s reform measures to drastically cut wages, retirement benefits and pensions, while raising taxes on goods and services; all in an effort to save the country from economic collapse. Government buildings, schools and hospitals were shut down as people flooded the streets in anger. Sadly, that anger turned violent today as three people died in a bank that was set ablaze by protestors.

    Stocks lost value in most of the major global indexes yesterday on fears that Greece’s economic instability could spread to other countries throughout Europe and around the world. If the Greek economy does happen to fail, the financial repercussions felt all across the globe could be catastrophic. Could this be the beginning of a worldwide chain reaction?

    What if your wages, benefits or pensions were cut in half? How would you react to the loss in income? How would it affect your life?

    If this problem is not dealt with swiftly, I portend a very dark road ahead…for all of us.



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