Evening Edition

Evening Edition is an Open Thread

From Yahoo News Top Stories

1 Kadhafi regime hits out over rebel war chest

by W.G. Dunlop, AFP

1 hr 2 mins ago

TRIPOLI (AFP) – Moamer Kadhafi’s regime reacted angrily Friday to a decision by world powers to provide funding to Libya’s rebels, asserting that plans to tap assets frozen abroad were “piracy.”

Meanwhile, rebels were bracing for a ground assault by Kadhafi forces on the besieged western port city of Misrata as NATO warplanes struck regime targets further to the west.

The fund, agreed at a meeting of the International Contact Group on Libya on Thursday, is intended to provide an emergency lifeline to the rebels, whose provisional administration has no source of financing to replace receipts from oil exports, which have come to a virtual halt.

AFP

2 36 die in Syria ‘Day of Defiance’: rights group, army

AFP

37 mins ago

DAMASCUS (AFP) – Syrian security forces shot dead at least 26 protesters on Friday as thousands rallied on a Day of Defiance” against the Syrian regime, a rights group said, and authorities accused “terrorists” of killing 10 soldiers and policemen.

The violence came as the European Union agreed to impose sanctions on 13 Syrian officials involved in the regime’s brutal crackdown on protests and will meet Monday to discuss whether to target Syrian President Bashar Assad as well, diplomats said.

The Syrian rights group, Insan, put the day’s toll at 26 killed but said it expected this to rise.

3 London bombings inquest clears UK agencies

by Robin Millard, AFP

Fri May 6, 11:31 am ET

LONDON (AFP) – There is no evidence that the security services could have prevented the 2005 London bombings, a coroner found on Friday while warning that changes were necessary to help prevent further such atrocities.

The exhaustive inquests examining the deaths of the 52 victims of the Al-Qaeda-inspired July 7, 2005 suicide attacks on three underground trains and a bus found they were all unlawfully killed.

The coroner, judge Heather Hallett, said the evidence “does not justify the conclusion that any failings of any organisation or individual caused or contributed to the deaths”.

4 BP cedes Arctic project to Russia partner

AFP

2 hrs 38 mins ago

LONDON (AFP) – British energy giant BP said Friday it will cede the Arctic exploration part of its tie-up with Rosneft to its Russian unit under an arbitration ruling that may see it salvage the $16 billion deal.

The announcement is a part of BP’s strategy to preserve the share swap portion of its agreement with Rosneft and thus retain its foothold in the market of the world’s largest oil producer.

But both parts of the revised agreement are subject to Rosneft’s approval and the state-held company has previously ruled out working with TNK-BP — the British firm’s much smaller and less experienced local subsidiary.

5 Button takes over F1 in rain as Vettel crashes out

by Gordon Howard, AFP

Fri May 6, 12:33 pm ET

ISTANBUL, Turkey (AFP) – Defending world champion Sebastian Vettel was unhurt and unfazed about his prospects on Friday after a major crash during practice ahead of Sunday’s Turkish Grand Prix.

On a day of heavy rain followed by dry conditions, Briton Jenson Button, the 2009 champion, topped the afternoon times for McLaren after Spanish two-time champion Fernando Alonso had dominated the rain-hit morning for Ferrari.

Button clocked a best lap of one minute and 26.456 seconds at the Istanbul Park race circuit to outpace German Nico Rosberg of Mercedes and the 2008 champion Lewis Hamilton in the second McLaren.

Reuters

6 New EU sanctions on Syria as 27 protesters killed

By Khaled Yacoub Oweis, Reuters

29 mins ago

AMMAN (Reuters) – Syrian security forces killed 27 protesters on Friday demanding an end to President Bashar al-Assad’s rule, rights campaigners said, and the European Union agreed to impose sanctions in response to his crackdown.

Activists and witnesses said demonstrations broke out after the main Friday prayers in cities across the country of 20 million people, from Banias on the Mediterranean coast to Qamishly in the Kurdish east.

The bloodiest confrontation took place in the city of Homs where 15 protesters were killed, activist Ammar Qurabi said.

7 Oil gutted in record weekly drop

By Matthew Robinson, Reuters

4 mins ago

NEW YORK (Reuters) – Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures.

Oil bounced up early, then began to erase gains as the dollar rose. Crude turned negative late, extending Thursday’s shock-inducing collapse, when Brent fell by as much as $12, a record, in a furious, high-volume session that saw wave after wave of selling as key technical levels were broken.

Selling pressure on oil and other commodities came on several fronts throughout the week. Investors weighed factors from the death of Osama bin Laden to the impact of higher fuel and commodity costs on consumer nation economies to the monetary policy in major economies.

8 Goldman sees new oil rally after predicting drop

By Dmitry Zhdannikov and David Sheppard, Reuters

Fri May 6, 1:27 pm ET

LONDON/NEW YORK (Reuters) – Goldman Sachs, which in April predicted this week’s major correction in oil prices, said on Friday that oil could surpass its recent highs by 2012 as global oil supplies continue to tighten.

The Wall Street bank, seen as one of the most influential in commodity markets, said it did not rule out a further short-term fall after Thursday’s near record drop, especially if economic data continued to disappoint.

But the bank reaffirmed its traditional long-term bullish view of oil, helping crude to pare some of its earlier heavy losses on Friday.

9 Special report: Big Pharma’s global guinea pigs

By Ben Hirschler, Reuters

Fri May 6, 11:14 am ET

LONDON (Reuters) – The Polish port city of Gdansk is famous for its shipyards. Hungary’s fifth largest city, Pecs, is known for its ancient architecture and brewery. Neither is particularly renowned for medicine. Yet when AstraZeneca Plc tested its big new drug hope Brilinta on heart attack patients in a major clinical study, it was hospitals in these places that enrolled some of the highest number of patients anywhere in the world.

In fact, Poland and Hungary together accounted for 21 percent of all subjects studied in the pivotal 18,000-patient trial — more than double the United States and Canada combined.

A few years ago that would have been unthinkable. Major drug companies, with an eye on the commercial promise of the world’s largest and most profitable market, would have run half their tests on a major cardiovascular medicine like this in U.S. hospitals under the supervision of U.S. doctors.

10 Sony CEO apologizes to gamers

By Isabel Reynolds, Reuters

Fri May 6, 9:22 am ET

TOKYO (Reuters) – Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever.

Stringer’s comments, which did not specify when services would resume, come after criticism of his leadership since Sony revealed hackers had compromised the data of more than 100 million accounts used for accessing games and music over the Internet.

“As a company we – and I – apologize for the inconvenience and concern caused by this attack,” Stringer said on Sony’s U.S. PlayStation blog late on Thursday.

11 U.S. and China race political calendar to curb irritants

By Glenn Somerville and Chris Buckley, Reuters

Fri May 6, 6:12 am ET

WASHINGTON/BEIJING (Reuters) – Top officials from the world’s two largest economies meet next week to try to tackle irritants in their relations, a task that will only grow tougher as domestic politics seize the stage next year.

The United States and China have a lengthy list of long-standing irritants on both the economic and diplomatic fronts, requiring careful management to ensure none boil into a dispute that damages a still-fragile global recovery.

By 2012, jockeying for position ahead of U.S. presidential elections and orchestrating the succession of Chinese President Hu Jintao will preoccupy policymakers in each country, so the window for advancing a complicated agenda is relatively small.

12 Little-known Republicans get spotlight at debate

By John Whitesides, Reuters

Fri May 6, 12:01 am ET

GREENVILLE, South Carolina (Reuters) – A handful of little-known Republican presidential candidates touted their conservative credentials and vied for a brief shot at the political spotlight Thursday during the first debate of the 2012 White House campaign.

With the Republican Party’s most high-profile contenders skipping the event, the five participants used the nationally televised forum to slam President Barack Obama’s leadership and attack what they called his misguided policies on the economy, healthcare and foreign affairs.

“The issues that have come up while he’s been president, he’s gotten them wrong strategically every single time,” former Minnesota Governor Tim Pawlenty, the lone top-tier candidate at the debate, said of Obama’s foreign policy.

AP

13 Witnesses: Syrian forces kill 30 protesters

By ZEINA KARAM and ELIZABETH A. KENNEDY, Associated Press

24 mins ago

BEIRUT – Syrian security forces opened fire Friday on thousands of protesters demanding regime change, killing more than 30 people in a sign that President Bashar Assad is prepared to ride out a wave of rapidly escalating international outrage.

The U.N. said it is sending a team into Syria to investigate and the European Union is expected to place sanctions on Syrian officials next week – both significant blows to Assad, a British-educated, self-styled reformer who has tried to bring Syria back into the global mainstream over his 11 years in power.

In Washington, State Department spokesman Mark Toner said the U.S. was pressing the Syrian government to cease “violence against innocent citizens who are simply demonstrating and trying to state their aspirations for a more democratic future.”

14 Amnesty: Ghadafi’s troops suspected of war crimes

By KARIN LAUB, Associated Press

Fri May 6, 12:28 pm ET

TRIPOLI, Libya – Moammar Gadhafi’s forces may have committed war crimes in the rebel-held city of Misrata and the humanitarian situation is rapidly deteriorating there because of regime attempts to tighten its siege and block access by sea, Amnesty International said Friday.

Libyan troops have indiscriminately fired heavy artillery, rockets and cluster bombs at residential areas of Libya’s third-largest city during a two-month siege, in a clear breach of international humanitarian law, the group said in a report.

“Weapons designed for the battle field and not for residential areas are being launched into residential neighborhoods, killing civilians and really just creating a situation of terror,” said Amnesty’s Donatella Rovera.

15 Key role in bin Laden raid for secret choppers

By ROBERT BURNS, AP National Security

32 mins ago

WASHINGTON – Secret until now, stealth helicopters may have been key to the success of the Osama bin Laden raid. But the so-far-unexplained crash of one of the modified Black Hawks at the scene apparently compromised at least some of the aircraft’s secrets.

The two choppers evidently used radar-evading technologies, plus noise and heat suppression devices, to slip across the Afghan-Pakistan border, avoid detection by Pakistani air defenses and deliver two dozen Navy SEALs into the al-Qaida leader’s lair. Photos of the lost chopper’s wrecked tail are circulating online – proving it exists and also exposing sensitive details.

President Barack Obama traveled Friday to Fort Campbell, Ky., and met privately with the elite Army pilots who flew the daring mission. They are members of the 160th Special Operations Aviation Regiment, nicknamed the Night Stalkers, and he saluted them in public remarks afterward.

16 http://news.yahoo.com/s/ap/20110506/ap_on_bi_ge/us_severe_weather_flooding

By ADRIAN SAINZ and CAIN BURDEAU, Associated Press

35 mins ago

MEMPHIS, Tenn. – The Coast Guard closed a stretch of the swollen Mississippi to barge traffic Friday in a move that could cause a backup along the mighty river, while police farther south in Memphis went door to door, warning thousands of people to leave before they get swamped.

Emergency workers in Memphis handed out bright yellow fliers in English and Spanish that read, “Evacuate!!! Your property is in danger right now.”

All the way south into the Mississippi Delta, people faced the question of whether to stay or go as high water rolled down the Big Muddy and backed up along its tributaries, breaking flood records that have stood since the Depression.

17 No go for Uncle Mo in Kentucky Derby

By BETH HARRIS, AP Racing Writer

7 mins ago

LOUISVILLE, Ky. – The pockmarked road to the Kentucky Derby claimed another victim Friday when Uncle Mo was scratched due to a mysterious stomach ailment, further dimming a race already short on star power and speed.

Uncle Mo’s defection also threw the Derby wide open.

“You’re never safe until you put that saddle on because anything can happen,” Hall of Fame trainer Bob Baffert said.

18 AP IMPACT: CEO pay exceeds pre-recession level

By RACHEL BECK, AP Business Writer

2 hrs 24 mins ago

NEW YORK – In the boardroom, it’s as if the Great Recession never happened. CEOs at the nation’s largest companies were paid better last year than they were in 2007, when the economy was booming, the stock market set a record high and unemployment was roughly half what it is today.

The typical pay package for the head of a company in the Standard & Poor’s 500 was $9 million in 2010, according to an analysis by The Associated Press using data provided by Equilar, an executive compensation research firm. That was 24 percent higher than a year earlier, reversing two years of declines.

Executives were showered with more pay of all types – salaries, bonuses, stock, options and perks. The biggest gains came in cash bonuses: Two-thirds of executives got a bigger one than they had in 2009, some more than three times as big.

19 Ouattara takes oath months after Ivory Coast vote

By SERME LASSINA and RUKMINI CALLIMACHI, Associated Press

2 hrs 45 mins ago

ABIDJAN, Ivory Coast – Ivory Coast President Alassane Ouattara took the oath of office Friday, five months after the election that nearly ripped the African nation in two and left hundreds dead when the country’s strongman refused to concede defeat.

Ouattara spent much of that time barricaded inside a hotel, surrounded by troops loyal to Laurent Gbagbo, who used the army to terrorize the population. Gbagbo was removed militarily last month and is now under house arrest in a remote town 420 miles (700 kilometers) north of Abidjan.

The price of installing the country’s democratically elected leader was steep. More than a 1,000 civilians were killed, first by the army controlled by Gbagbo and later by a former rebel group allied with Ouattara that seized control of the country and toppled Gbagbo.

20 Gas price to drop as oil joins commodities plunge

By JONATHAN FAHEY and CHRIS KAHN, AP Energy Writers Jonathan Fahey And Chris Kahn, Ap Energy Writers – 1 hr 54 mins ago

NEW YORK – Just shy of $4 a gallon, average U.S. pump prices are about to start falling and could hit $3.50 by summer.

You probably won’t see a change at the gas station this weekend. But relief will come soon because oil prices fell 15 percent this week, the steepest decline in two and a half years. Oil hit a two-year high of $114.83 in Monday trading. It closed Friday at $97.18.

The plunge was part of a sharp sell-off across in commodities this week. Analysts say investors – demonized as “speculators” by some market watchers – got nervous that oil, metals and grains had risen over the past few months to unrealistic heights.

21 Mass. court makes key ruling on immigrant benefits

By STEVE LeBLANC, Associated Press

31 mins ago

BOSTON – Immigrant advocates are praising a decision by Massachusetts’ highest court that they said could help restore full subsidized health care to tens of thousands of legal immigrants living in the state.

A 2009 decision by the legislature to deny coverage to legal immigrants was the first major rollback to Massachusetts’ landmark 2006 health care law, which was used in part as a blueprint for the national health care law signed by President Barack Obama.

A ruling Friday by the Supreme Judicial Court does not actually decide the case, but it answers key legal questions that will allow it to proceed.

22 NYC mayor’s budget would cut 1 out of 12 teachers

By SAMANTHA GROSS, Associated Press

51 mins ago

NEW YORK – Mayor Michael Bloomberg on Friday unveiled a shrinking budget that would cut corners throughout New York City – from classrooms, where public school children stand to lose one out of 12 teachers, to jails, where officials are saving pennies by cutting items like bread, pepper and ketchup from the menu.

The $65.72 billion budget, which is likely to change before it wins approval from the City Council, also calls for a 12 percent cut to the city’s libraries, the closure of some city swimming pools and the loss of 20 fire companies – a step that the city’s fire commissioner said would slow firefighters’ response times.

Bloomberg placed the blame for the city’s financial woes on cutbacks handed down by state and federal legislators, and on what he said was a national movement against funding government efforts. Business tax revenues have surpassed the level they were at before the collapse of the financial sector, he said.

23 Retiring winemakers find it tough time to sell

By SHANNON DININNY, Associated Press

Fri May 6, 7:35 am ET

GRANGER, Wash. – When JoAnn Stear opened Eaton Hill Winery in the 1980s, she was among the pioneers of Washington’s modern wine industry.

But when the 82-year-old decided to retire, she found how difficult it is to sell and get out of an industry she helped to establish in the Northwest.

With no takers at her original price of $2.7 million, Stear recently accepted an offer of $1.2 million for the south-central Washington winery.

24 Rising big river poses threat to La. oyster trade

By MICHAEL KUNZELMAN, Associated Press

Fri May 6, 4:41 am ET

NEW ORLEANS – Just a year after the BP oil spill crippled Louisiana’s oyster industry, the fishermen face a new problem. Freshwater is set to be diverted from the mighty Mississippi River into the salty waters where the shellfish grow, potentially killing them.

To protect people, homes and businesses along the big river, the Army Corps of Engineers plans to open at least one spillway, sending water out of the river. The tactic may ease the pressure on levees, but it will almost certainly kill the shellfish, too.

Fourth-generation oysterman Shane Bagala spent months skimming oil to make money. Earlier this week, though, he embarked on his first oyster run, returning with a healthy catch. But he became worried when he heard the corps was considering opening a spillway.

25 Reputed supremacist gets 10 years for Conn. plot

By DAVE COLLINS, Associated Press

Thu May 5, 8:06 pm ET

BRIDGEPORT, Conn. – A man accused of being a white supremacist was sentenced Thursday to 10 years in prison for what prosecutors called a dangerous plot to sell grenades and firearms to a government informant posing as a member of a Ku Klux Klan group.

U.S. District Judge Janet C. Hall imposed the prison time on Alexander DeFelice of Milford, who was convicted by a jury in December of conspiracy and firearms charges. The same jury acquitted two alleged co-conspirators, while two other men pleaded guilty.

Prosecutors said DeFelice in 2009 and early 2010 arranged the sale of three homemade grenades, a rifle and two shotguns to the informant, a convicted felon who claimed to be a member of the Imperial Klans of America. The informant testified that he handed the firearms and explosives over to federal agents.

1 comments

  1. Slow days are not necessarily easier.

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