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Los Angeles mayor poll too close to call LOS ANGELES: Los Angeles councilman Eric Garcetti took a narrow lead in early results from a run-off election to succeed LA mayor Antonio Villaraigosa, but the race remained too close to call early Wednesday.Garcetti and City Controller Wendy Greuel, both Democrats like Villaraigosa, campaigned down to the wire after emerging from a March primary poll contested by a total of eight candidates.Shortly before midnight (0700 GMT Wednesday), four hours after polls closed, Garcetti had 51 percent of votes compared to 49 percent for Greuel, based on 14 percent of precincts reporting, according to the LA Times newspaper."No one said it was going to be easy or quick, but when you're playing the championship of LA politics, sometimes the game goes into overtime," Greuel told supporters at an election night event downtown."We know we're not going to know tonight, probably we're not going to know for awhile," she added.Turnout was expected ...

Tornado turns US Marine vet's town into 'war zone' MOORE: Curtis Carver has every intention of rebuilding from scratch the house he lost in Monday's powerful and deadly hurricane that devastated this Oklahoma City suburb.But first, the construction worker and 20-year veteran of the US Marine Corps, who spent two years on active duty in Iraq, wants to recover his memories from the rubble -- and law enforcement is getting in the way."My pictures. That's all I want -- my pictures," he said Tuesday ...
Don't pin US tornado on climate change: UN panel head GENEVA: Pinning the deadly tornado in the US state of Oklahoma on climate change is wrongheaded, even though the world is set to see a rise in high-profile weather disasters due to global warming, the leader of a UN body said on Tuesday.Rajendra Pachauri, head of the UN-backed Intergovernmental Panel on Climate Change, said data was still coming in about Monday's massive tornado which tore through a suburb of Oklahoma City, killing at least 24 ...
Obama declares major disaster in Oklahoma after deadly tornadoes WASHINGTON: US President Barack Obama declared a major disaster in Oklahoma after deadly tornadoes struck the state on Sunday and Monday and ordered federal aid to supplement state and local recovery efforts, the White House said on Monday.The White House said aid can include grants for temporary housing, home repairs, uninsured property losses and other recovery efforts.Obama spoke by telephone with Oklahoma Governor Mary Fallin earlier on Monday, the White House said.Copyright Reuters, 2013 ...
Obama speaks to Italian PM WASHINGTON: US President Barack Obama called new Italian Prime Minister Enrico Letta on Monday, to congratulate him after taking office after a prolonged period of political uncertainty."The president expressed support for Prime Minister Letta's focus on reducing youth unemployment and looked forward to further discussions about promoting economic growth at the June G8 Summit," a White House statement said."The two leaders also discussed, as allies and as friends, mutual cooperation on North African security and ...
Commuter trains collide in Connecticut, injuring up to 60 people FAIRFIELD: A commuter train traveling eastbound from New York City derailed near the Connecticut suburb of Fairfield during the evening rush hour on Friday and collided with a westbound commuter train, injuring up to 60 people, three critically, officials said.The collision of the two Metro North trains forced Amtrak to shut down service indefinitely between New York and Boston, the national railroad said.Three people were critically injured and 60 people were transported to area hospitals, ...
Lawmakers accuse IRS officials of lying in tax scandal WASHINGTON: US lawmakers accused leaders of the Internal Revenue Service of lying on Friday as they opened the first in a series of investigative hearings about the tax collection agency's targeting of conservative groups.Republicans and Democrats said senior IRS officials should have alerted Congress last year when they found out that their examiners were singling out Tea Party groups for intense scrutiny when the groups applied for tax-exempt status."That isn't being misled. That's lying," said ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln