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Drones over U.S. may pose security risks
LONDON, Feb. 9 (UPI) -- British regulatory chief Hector Sants said Tuesday he would resign this summer after three "extraordinary" years leading the Financial Services Authority.
Sants said his original plan was to step aside after three years. However, he did not anticipate that "those three years have encompassed the most extraordinary circumstances for a financial regulator," he said.
Speculation quickly turned to the possibility that Sants would be assigned the post of the Bank of England's deputy governor should the Conservative party take control of the government in the next election, The Times of London Online reported.
Shadow Chancellor George Osborne, meanwhile, has said the FSA would be abolished if the Conservative party took over.
FSA Chairman Adair Turner praised Sants' leadership and the agency's board said it would announce a process for selecting his replacement "in due course."
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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