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[/b]or the sluggish start. With much of the hopes for finance reform riding on his committee's ability to conduct a professional, bi-partisan effort, he charged on the first day that there was a plot by the Chinese government to influence the '96 election by funneling illegal contributions through Asian-Americans. As a bombshell, the allegation was a dud. Democrats say there is no evidence that points to such a connection and U.S. News & World Report quotes an FBI source as saying: "There was a campaign by the Chinese to infiltrate Congress and a campaign by the Democrats to gain contributions from wealthy Asian-Americans. Were the two linked Where's the proof" Good questions. Especially because Thompson now concedes he might not be able to produce the answers. The lack of proof, unfortunately, didn't stop him last week. With all the drama of a spy thriller movie, he spoke of a "plan hatched during the last election cycle by the Chinese government and designed to pour illegal money into American political campaigns." What's next, the Yellow Peril The more-heat-than-light scenario spells trouble, not only for Thompson's hearings but also for cam
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[/b]Martin Luther King, Jr. But whether youre lounging around the house or back in the office for just another Monday, we realize youve been tuned out for the past few days. Not to worry, NewsFeed hasnt taken a vacation, and were glad to bring you back into the loop.Unrest Continues in Tunisia: Following Fridays fleeing of President Zine El Abidine Ben Ali, riots and broke out Saturday afternoon, fueled mainly by Ben Ali loyalists. The military quickly stepped in to control the chaos, and parliament leader Fouad Mebazaa was instated as the interim president. But food and gas shortages abound as Tunisia attempts to get back to normal. (via TIME, and CNN has the essential facts.)Flooding Ravages Three Continents: Brazil, Australia, Sri Lanka and the Philippines are attempting to dry off after record rainfall has led to massive flooding. More than 600 are dead in southeastern Brazil after rushing water triggered mudslides. Queensland, Australia remains on edge as overflowing rivers continue to drench Brisbane, the countrys third largest city.A Weekend of Beauty and Fame: On Saturday evening the youngest Miss America since 1921 was crowned. M
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[/b]rocess. Roubini calls the deal a rip-off because the amount of reduction is close to zero. So the current strategy is cruel, and in my opinion, simply unsustainable.So the Greeks should just stop paying their debts and force a restructuring that will allow the country to return to true economic health. If necessary, Greece should leave the euro zone and use its own currency, giving the country the ability to print money, pay its bills, and inflate the economy. Such a process will be painful for everyone. The Greeks will still have to undergo an excruciating process of reform. The EU will have to act immediately to shore up European banks and protect Spain and Italy from contagion. But like pulling off a bandage quickly, the pain will be sharp, but brief, and we can then all move on. At least to the next crisis.Sri LankaSix Things to Watch from Hillary Clinton’s India TourBy Jyoti Thottam | July 19, 2011 | +TweetUS Secretary of State Hillary Clinton (L) and President of the India's United Progressive Alliance (UPA) Government Chairperson Sonia Gandhi shake hands prior to a meeting at the Gandhi Residence in New Delhi on July 19, 2011.
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