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The arguments of 'Climategate'

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The aftermath of climategate, the leaked emails from a leading climate research institute, are giving new ammunition to those who don't follow the consensus argument on man-made global warming. The following is a summary of what arguments arise from the leak.
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US high court orders Chrysler sale appeal dismissed

The U.S. Supreme Court ordered a lower court to dismiss a legal challenge by three Indiana pension funds to the government-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA.
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U.N. talks to resume after African protest

African nations agreed to resume U.N. climate talks in Copenhagen on Monday after a half-day suspension, accusing rich countries of trying to kill the existing Kyoto Protocol.
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EU warms to Oracle-Sun deal

EU regulators signaled they could clear Oracle Corp's $7 billion takeover of Sun Microsystems Inc, after the U.S. software company promised measures to ease competition concerns.
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Weekly Market Watch - Monday, 14 December 2009

GBP: This week has a lighter slate of economic releases scheduled in the United Kingdom than the previous week. Look for the Rightmove House Price Index (last -1.6%) plus the BOE's quarterly bulletin on Monday, then CPI (1.8%Y/Y) and RPI (0.2%Y/Y) on Tuesday.
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Obama to meet with bankers, decries fat cats

President Barack Obama may have some tough words on Monday for executives of top U.S. banks as he pushes them to step up small-business lending and get behind legislation to overhaul Wall Street regulations.
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Twilight studio to distribute Polanski film

The Hollywood studio behind the Twilight teen franchise said on Friday it has acquired North American rights to distribute jailed director Roman Polanski's latest film, The Ghost Writer.
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Obama sees Senate healthcare passage by December 25

President Barack Obama said he expects the U.S. Senate to pass by the end of next week legislation to overhaul the U.S. healthcare system, but the top Senate Republican scoffed on Sunday that Obama's Democrats were too divided to do so.
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U.S. forces chief warns of Afghanistan fight

The top U.S. military officer warned on Monday the first U.S. troops headed to Afghanistan as part of President Barack Obama's surge can expect more fighting and casualties, hours after 15 Afghan police were killed.
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Detained Americans face trial in Iran - minister

Three U.S. citizens detained in Iran and charged with espionage will stand trial, Foreign Minister Manouchehr Mottaki said on Monday, in a case that could further strain relations between Tehran and Washington.
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Senate Democrats seek compromise on drug imports

Democrats scrambled on Friday to resolve a stalemate over whether to permit imports of cheaper prescription drugs from Canada and elsewhere as part of a larger effort to overhaul the U.S. healthcare system.
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U.S. agency sees more health spending with reform

U.S. healthcare spending would rise by about $234 billion over the next decade under the Senate Democrats' overhaul bill and some of the proposed savings might never be achieved, a U.S. agency said in a report released Friday.
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Citi to pay back U.S. government funds

Citigroup said on Monday that it had reached a deal with U.S. regulators to repay $20 billion of shares held by the government by issuing $17 billion of stock and allowing it to exit the TARP program in 2010.
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Wall St set to rise on Dubai bailout, Citi TARP deal

Wall Street was set to rise at the open on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
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C$ down as oil falls on demand concerns

The Canadian dollar fell on Monday morning as the price of oil, a key export that often influences the unit's price movements, dropped for a ninth straight session on concerns over weak fuel demand.
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Exxon Mobil to buy XTO energy for $41 billion

Exxon Mobil Corp will buy XTO Energy Inc, one of the largest U.S. natural gas producers, in an all-stock transaction valued at $41 billion including debt, the companies said on Monday.

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