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Obama: Risky plan to get bin Laden was best option

President Barack Obama says he knew that sending special forces in helicopters to get Osama bin Laden at his Pakistan compound was risky, but he felt it was the best way to make sure they had their man. In an interview aired Sunday on CBS’ “60 Minutes,” the president said he thought it was very important to be able to be sure. “In some ways, sending in choppers and actually putting our guys on the ground entailed some greater risks than some other options,” Obama said. “I thought it was important, though, for us to be able to say that
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Volker: Deficits pose real danger to economic stability

Former Federal Reserve Chairman Paul Volcker warned on Friday that trillion-dollar deficits posed a threat to the stability of the U.S. economy and the dollar, and said he is frustrated by the gridlock in Washington. Speaking before the World Affairs Council of Oregon, Volcker said that “prolonging trillion dollar deficits can’t be a reality” and that the United States is on course to have its public debt exceed the size of its gross domestic product. “One way or another, we do have to return to a balanced budget,” he said in prepared remarks. Volcker’s speech came on the same day
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Obama spotlights focus on economy, jobs

President Barack Obama is reassuring the public that jobs and the economy are his top priority. At the end of a historic and emotionally charged week that began with his nationally televised announcement that Osama bin Laden had been killed in Pakistan during a raid by U.S. special forces, Obama on Saturday returned to promoting his energy agenda. U.S. forces raided a compound in Abbottabad, Pakistan, where bin Laden had lived for several years, killing the al-Qaida leader. The news of bin Laden’s demise dominated the week’s headlines. “So although our economy hasn’t been the focus of the news this
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U.S. mining treasure trove of intelligence from bin Laden raid

Intelligence experts will mine the secrets of Osama bin Laden as they sort through a trove of material seized during the deadly raid on his Pakistan compound. The documents have already shown the world’s most wanted terrorist was actively involved in planning and directing al-Qaida’s plots. Notes and computer material gathered by Navy SEALs after the pre-dawn raid last Monday, local time, revealed bin Laden’s home was a command-and-control center for the terrorist network, said a senior U.S. intelligence official who briefed reporters Saturday and insisted his name not be used. Bin Laden was eager to strike American cities again
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Hiring, unemployment rise in April

Companies created jobs at the fastest pace in five years in April, pointing to underlying strength in the economy even as the jobless rate rose to 9.0 percent. Private sector hiring, including a big jump at retailers, boosted overall nonfarm payrolls by 244,000, the largest increase in 11 months, the Labor Department said on Friday. Economists had expected a gain of only 186,000. The private sector created 268,000 jobs, the most since February 2006, while government payrolls shrank. The data backed views the economic recovery would regain speed this quarter after stumbling in the first three months of the year.
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Obama to assault team: ‘Job well done’

Brimming with pride, President Barack Obama on Friday met and honored the U.S. commandos he sent after terror mastermind Osama bin Laden, saluting them on behalf of America and the world and capping an extraordinary week for the country. “Job well done,” the president declared. Obama addressed roughly 2,000 troops after meeting privately with the full assault team — Army helicopter pilots and Navy SEAL commandos — who executed the dangerous raid on bin Laden’s compound and killed the al-Qaida leader in Pakistan early Monday. Their identities are kept secret. Speaking to a sweltering hangar full of cheering soldiers, Obama
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Al-Qaida vows revenge for bin Laden’s death

Al-Qaida vowed to keep fighting the United States and avenge the death of Osama bin Laden, which it acknowledged for the first time Friday in an Internet statement apparently designed to convince followers that it will remain vigorous and intact even after its founder’s demise. Al-Qaida’s plots are usually large-scale and involve planning over months or even years. But Western intelligence officials say they are seeing increased chatter about cheap, small-scale attacks — perhaps by individuals or small extremist groups inspired to take revenge for the killing. “USA, you will pay!” chanted more than 100 participants in a pro-bin Laden
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Pakistan claims bin Laden was old, broke and powerless

Pakistan’s military paints a different picture than the United States of Osama bin Laden’s final days: far from the terror mastermind still trying to strike America, he’s seen as an aging terrorist hiding in barren rooms, short of money and struggling to maintain his grip on al-Qaida. But the CIA is saying he was in touch with key members of al-Qaida, playing a strong role in planning and directing attacks by al-Qaida and its affiliates in Yemen and Somalia, senior U.S. officials said Friday, citing documents found during the Monday morning raid in which bin Laden was killed. Three of
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Android widens lead in smartphone market

Smartphones powered by Google software widened their lead on BlackBerry handsets in the US market during the first three months of the year, industry tracker comScore reported on Friday. Android smartphones dethroned BlackBerry in January by capturing 31.2 percent of the US market and that share grew to 34.7 percent by the end of March, according to comScore. BlackBerry handsets made by Canada-based Research In Motion (RIM) lost ground in the quarter, ending March with 27.1 percent of the US market. Apple was close behind RIM with iPhone running on the California company’s mobile platform commanding 25.5 percent of the
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From hideout, bin Laden planned attack on U.S. train

Holed up in a compound in Pakistan, Osama bin Laden was scheming how to hit the United States hard again, according to newly uncovered documents that show al-Qaida plans for derailing an American train on the upcoming 10th anniversary of the 9/11 attacks. Details of the plan emerged Thursday as some of the first intelligence was gleaned from the trove of information found in bin Laden’s residence when Navy SEALs killed the al-Qaida leader and four of his associates. They took his body and scooped up computers, DVDs and documents from the compound where U.S. officials think he had been
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