US: Undisclosed Losses at Merrill Lynch Lead to a Trading Inquiry
Bank of America chief executive, Kenneth D. Lewis, is trying to bridle Merrill Lynch traders, whose rush into risky investments nearly brought down the brokerage firm. But questions over the Merrill losses — in particular, who knew about them, and when — keep swirling.
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UGANDA/IRAQ: Why 10,000 Ugandans are eagerly serving in Iraq
Hired out to multibillion-dollar companies for hundreds of dollars a month, 10,000 Ugandans risk their lives seeking fortunes protecting US Army bases, airports, and oil firms in Iraq for as little as $600 per month. Many are looking to go to Afghanistan as the Obama administration increases contracts there.
US: Food Problems Elude Private Inspectors
When food industry giants like Kellogg want to ensure that American consumers are being protected from contaminated products, they rely on private inspectors. With government inspectors overwhelmed by the task of guarding the nation’s food supply, the job of monitoring food plants has in large part fallen to an army of private auditors, and problems [...]