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Sex tape spliced into graduation video
WASHINGTON, April 25 (UPI) -- The United States needs to eliminate wasteful spending but can't advance a clean-energy future without new investments, the U.S. president said.
Washington is struggling to draft a new budget while protecting key assets like defense and energy. Oil and gasoline prices are threatening to undermine recovery in the U.S. economy as disposable income is consumed by soaring prices at the pump.
U.S. President Barack Obama last week called on the Justice Department to form a working group to see if there was price manipulation in the energy sector and to evaluate commodity markets to examine the role of speculators and index traders in oil futures markets.
Obama during his weekly radio address said those efforts, along with cutting generous subsidies to oil companies, would go a long way toward securing a clean energy future in the United Sates.
"Instead of subsidizing yesterday's energy sources, we need to invest in tomorrow's," he said. "We need to invest in clean, renewable energy."
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WASHINGTON, May 31 (UPI) --
British energy company BP needs to answer questions regarding allegations it misled government officials in the 2010 oil spill, a U.S. lawmaker said.
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BANGALORE, India, May 31 (UPI) --
India's defense industry experts are investigating the failure of the surface-to-air missile Akash to lift off on its wasy to hit a mid-air target during a test flight.
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Inventories of bank-owned foreclosures for sale vary increasingly by state as the latest local data suggests that lenders are beginning to release a long-awaited wave of more than one million backlogged foreclosures, primarily in states where a court...
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Behind the impulse in Europe to form eurobonds or collectively insure bank deposits is the fear that Spain will require a very expensive fix.
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