Shazam! Sunday News Roundup: May 11, 2008

 Captain Marvel 

Top Story! – Sadrists and Iraqi Government Reach Truce Deal

The Iraqi government and leaders of the movement of the Shiite cleric Moktada al-Sadr agreed Saturday to a truce, brokered with help from Iran, that would end more than a month of bloody fighting in the vast, crowded Sadr City section of Baghdad.  The deal would allow the sides to pull back from what was becoming a messy and unpopular showdown in the months leading up to crucial provincial elections…[click here for more

Africa News – Niger Delta Push For U.S. Mediator

Ex-US President Jimmy Carter could play a positive role in mediating between Nigeria’s government and oil militants, a Rivers State spokesman told the BBC.  Rivers is the last state where Movement for the Emancipation of the Niger Delta (Mend) militants are not in talks…[click here for more]

Europe News – Controversial Proposals For German National Security

WAS it the start of a serious debate about German security, or a blueprint for militarism and a presidential style of foreign policy at odds with German tradition? Or both? These questions arose on May 6th, when parliamentarians of the Christian Democratic Union (CDU), the senior partner in the “grand coalition”, issued a paper calling for the creation of a national security council; and for fewer limits on the deployment of armed forces at home and abroad…[click here for more

Business News – Dollar Bulls Gain Control As Futures Signal High-Flying Euro Close To Peak

For the first time since December 2005, futures traders are turning bullish on the dollar.

The difference in the number of wagers by hedge funds and other large speculators on a gain in the greenback versus the euro, known as net longs, was 21,315 on April 29, figures from the Commodity Futures Trading Commission in Washington show. There were net-short positions in each of the previous 123 weeks…[click here for more]

Gun-Running News – Viktor Bout Indicted For Conspiracy To Kill Americans And Other Terrorism-Related Charges

The U.S. Attorney for the Southern District of New York and the Acting Administrator of the U.S. Drug Enforcement Administration announced the unsealing of an indictment against international arms dealer Viktor Bout for conspiring to sell millions of dollars worth of weapons to the FARC to be used to kill Americans in Colombia…[click here for more]

Environment News – Huge Reservoir In Works For Everglades

Earth-moving equipment and high explosives are laying the foundation for a mammoth construction project: a reservoir bigger than Manhattan designed to revive the ecosystem of the once-famed River of Grass.  More than a century after the first homes and farms took shape in the Everglades, decades of flood-control projects have left the region parched and near ecological collapse. Now crews are building what will be the world’s largest aboveground manmade reservoir to restore some natural water flow to the wetlands…[click here for more]

Sports News – O.J. Mayo Received Gifts, Cash

Former USC basketball player O.J. Mayo, a projected lottery pick in this year’s NBA draft, received thousands of dollars in cash, clothes and other benefits in apparent violation of NCAA rules while he was still in high school and during his one year in college, a former Mayo associate told ESPN’s “Outside the Lines.”…[click here for more]

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