Aug

29

Lenders mulling new offer in Alabama debt standoff (Reuters)

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Reuters - Alabama’s Jefferson County
and lenders pulled back from the brink of a threatened
bankruptcy filing on Friday after the county proposed
restructuring $3.2 billion of soured sewer debt.
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Aug

29

Gas prices up as Gustav threatens Gulf refineries (AP)

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AP - Retail gas prices swung higher Friday — the first increase in 43 days — as analysts warned that a direct hit on U.S. energy infrastructure by Hurricane Gustav could send pump prices hurtling toward $5 a gallon.

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Aug

29

Georgia breaks relations with Russia (AFP)

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AFP - Georgia on Friday broke diplomatic relations with Russia, heightening hostilities between the neighbours as Moscow also hit back at Western criticism.

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Aug

29

A hurricane again, Gustav plows toward Caymans (AP)

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AP - Gustav became a hurricane again on Friday as it plowed toward Cayman Islands resorts, the start of a buildup that could take it to the U.S. Gulf Coast as a fearsome Category-3 storm three years after Hurricane Katrina.

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Aug

29

Source: Petraeus submitted preliminary Iraq report (AP)

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AP - The top U.S. commander in Iraq, Gen. David Petraeus, has given his military superiors and Defense Secretary Robert Gates his initial recommendation on when to resume a U.S. troop withdrawal and at what pace, a senior military officer close to the process said Friday.
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