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US commandos parachuted into N. Korea: report

This seems weird to me, and I would like to see more coverage of this. Probably not the best idea to make this public information, right?

US and South Korean special forces have been parachuting intoNorth Korea to gather intelligence about underground military installations, a US officer has said in comments carried in US media.

Army Brigadier General Neil Tolley, commander of US special forces in South Korea, told a conference held in Florida last week that Pyongyang had built thousands of tunnels since the Korean war, The Diplomat reported.

“The entire tunnel infrastructure is hidden from our satellites,” Tolley said, according to The Diplomat, a current affairs magazine. “So we send (South Korean) soldiers and US soldiers to the North to do special reconnaissance.”

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Sen. Graham Calls For Syrian “No Fly” Zone

A top U.S. senator said Tuesday he would support a no-fly zone over Syria in the wake of Friday’s massacre, though the Obama administration pushed back on the question of military force — so far limiting the latest U.S. response to the expulsion’s of Syria’s top diplomat to Washington.

In a coordinated effort, the United States joined allies around the world Tuesday in kicking out Syria’s diplomats. State Department spokeswoman Victoria Nuland said the U.S. government gave Syria’s charge d’affaires 72 hours to leave the country.

Administration officials described the move as a statement by world powers about their collective “revulsion” toward the “vile” killings carried out by the regime and its “thugs.”

But it immediately raised further questions about whether any of those countries, including the U.S., are edging toward the possibility of military action in the country.

Sen. Lindsey Graham, R-S.C., said Tuesday that he would support a no-fly and no-drive zone in Syria, suggesting the U.S. faces a greater call to get involved militarily in Syria than it did in Libya last year.

“Compared to Libya, the strategic upside of taking out (Syrian President Bashar) Assad is far greater,” he said. “We’ve used force to stop slaughter less strategic and egregious than this.”

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Euro Falls, Set For Monthly Drop Before Italy Auctions

The euro was poised for the biggest monthly decline since September, before a sale of Italian debt tomorrow and data this week forecast to confirm that the prolonged debt crisis is hurting the region’s economy.

The 17-nation currency was 0.2 percent from the lowest since July 2010 after yield premiums on Spain’s securities over Germany’s rose to the most in 17 years. The Australian and New Zealand dollars slid versus the majority of their major peers as concern Europe’s fiscal turmoil is spreading and hurting economic growth curbed demand for higher-yielding assets.

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Japan Stocks Fall As Spain Struggles To Fund Bank Bailout

Japanese stocks fell, with the Nikkei 225 Stock Average snapping a three-day rally, amid concern Europe’s debt crisis is worsening as Spain struggles to avoid tapping markets to rescue its third-biggest lender.

Kyocera Corp. (6971), an electronics maker that gets almost 20 percent of its sales in Europe, slid 1.7 percent. Nomura Holdings Inc. (8604) fell 1.2 percent on a report the country’s financial watchdog will recommend penalties for the brokerage’s suspected involvement in insider-trading cases. Panasonic Corp. (6752) gained 1.2 percent on a report the electronics maker will cut its headquarters staff by half.

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Treasuries Not Meeting Demand As AAA Debt More Expensive

While Treasury 10-year note yields approach record lows, they’re cheap compared with AAA debt of other nations, helping trigger record demand at U.S. bond auctions even in a fourth year of $1 trillion budget deficits.

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Dollar Scarce As Top-Quality Assets Shrink 42%

The dollar is proving scarce, even after the Federal Reserve flooded the financial system with an extra $2.3 trillion, as the amount of the highest-quality assets available worldwide shrinks.

From last year’s low on July 27, the greenback has risen against all 16 of its major peers. Intercontinental Exchange Inc.’s Dollar Index surged 12 percent, higher now than when the Fed began creating dollars to buy bonds under its extraordinary stimulus measures at the end of 2008.

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Wall Street Titans Outearned by Media Czars

Think Wall Street is the land of plenty when it comes to compensation? Think again. If 2011 pay to top executives is a window into the Wall Street compensation machine, then compared with other industries — the entertainment media, for instance — the bloom is definitely off the rose.

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You’re a war criminal!

Protester bursts into courtroom as Tony Blair gives evidence at Leveson Inquiry (and former PM’s car is egged as he leaves)

  • Intruder was filmmaker and veteran Iraq War protester David Lawley-Wakelin
  • He burst in from behind Lord Justice Leveson through security-coded entrance reserved for the judge alone
  • Police arrest 49-year-old man over incident
  • He yells that Blair had been ‘bought’ by JP Morgan in build up to Iraq War
  • Lord Leveson orders investigation into how he got into courtroom
  • It echoed ‘custard pie’ incident when Rupert Murdoch was attacked at a Commons committee provoking wife Wendi Deng to leap to his defence
  • Second protester held after egg was thrown at Mr Blair’s Range Rover as he left the High Court

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College transcripts replace birth certificate for Obama detractors

Now that the issue of the president’s birth certificate has been laid to rest (mostly), some conservatives are turning their attention to a new obsession: Barack Obama‘s college transcripts.

Last week, a website that already had offered a $10,000 reward for Obama’s transcripts from Occidental College,Columbia University and Harvard Law School, increased the bounty to $20,000.

About a year ago, Donald Trump, among the highest-profile “birthers,” helped get the mini-movement started. After the president released his long-form birth certificate, Trump abruptly changed subjects:

“The word is, according to what I’ve read,” said Trump, “that he was a terrible student when he went to Occidental. He then gets into Columbia; he then gets to Harvard. … How do you get into Harvard if you’re not a good student? Now maybe that’s right or maybe it’s wrong, but I don’t know why he doesn’t release his records.”

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Greece Pours $22.6 Billion Into Four Biggest Banks

Greece handed 18 billion euros ($22.6 billion) to its four biggest banks on Monday, an official said, allowing the stricken lenders to regain access to European Central Bank funding.

The long-awaited injection—via bonds from the European Financial Stability Facility rescue fund—will boost the nearly depleted capital base of National Bank, Alpha , Eurobank and Piraeus Bank.

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U.S. Needs a National Safety Board for Financial Crashes, Op-Ed

There are growing concerns that the regulatory bodies overseeing the financial sector are incapable of understanding, preventing or even properly investigating excessive risk taking that threatens to ruin the economy.

This issue was raised before the 2008 financial crisis and received more attention during the debate that led to the 2010 Dodd-Frank financial-reform law. Some tweaks were made in various parts of the regulatory apparatus, including the governance of the Federal Reserve Bank of New York, to reduce the influence of Wall Street.

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Toyota Prius Escapes Niche To Surge Into Global Top Three

Toyota Motor Corp. (7203)’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as U.S. demand and incentives in Japan turned the hybrid into a mainstream hit.

Prius sales more than doubled as Toyota extended the name to a four-model “family” of vehicles at the same time that rebates and tax breaks in Japan are saving buyers the equivalent of $2,500 or more. In the quarter, sales soared to 247,230, trailing only Toyota’s Corolla, at 300,800, and Ford Motor Co. (F)’s 277,000 Focus sales.

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Cameron in eurozone contingency talks

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David Cameron on Monday summoned top policy makers to discuss contingency plans for an implosion of the eurozone, as Spanish bond yields neared the danger zone.

Against the backdrop of a banking crisis in Spain and uncertainty in Greece, Mr Cameron and his senior ministers met Sir Mervyn King, Bank of England governor, and Lord Turner, the City’s top regulator, to discuss the worsening outlook.

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Asian Stocks, Euro Slip On Europe Concern; Gold Declines

Asia stocks reversed losses and oil gained on speculation China will take steps to boost growth in the world’s second-largest economy. The euro traded near a 22- month low as Europe’s banks seek more financial support.

The MSCI Asia Pacific Index (MXAP) advanced 0.2 percent as of 10:56 in Tokyo. Standard & Poor’s 500 Index futures advanced 0.5 percent, while Hong Kong’s Hang Seng China Enterprises Index of mainland stocks added 0.6 percent. The euro slid 0.1 percent to $1.2525 and Australia’s currency fell 0.2 percent to 98.32 U.S. cents. Crude rose 0.4 percent in New York, while gold declined 0.4 percent.

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Romney tells vets dangerous world demands powerful military

(Reuters) – Presumptive Republican presidential nominee Mitt Romney chose Veterans Day to proclaim to the American people his conviction that the world is a dangerous place, and the United States must remain its most formidable military power.

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