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Gates says U.S. Army must become more nimble

WEST POINT, New York (Reuters) – Defense Secretary Robert Gates, in a farewell address to cadets at the U.S. military academy, warned on Friday the Army faces an increasingly complex security environment and must adjust to an era of light, nimble warfare and tight budgets. Read the full story.
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U.S. weighs actions as Americans leave Libya

WASHINGTON (Reuters) – The United States was working with allies on Friday to agree to a coordinated response to the turmoil in Libya, but Washington remained hamstrung by fears for Americans still in the North African country. Read the full story.
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Republicans question top SEC attorney on Madoff ties

WASHINGTON (Reuters) – Several key House Republicans are raising questions of ethics about the top attorney at the Securities and Exchange Commission amid allegations that his family’s estate received $1.5 million in phony profits from Bernard Madoff’s Ponzi scheme. Read the full story.
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Even the rich and famous face foreclosure

Although sales of foreclosed homes dropped last year, they still account for a quarter of U.S. home sales and the rich and famous are among them. Basketball legend Julius “Dr.J” Erving, actor Nicolas Cage and hip-hop artist Chamillionaire have all gone through foreclosure proceedings in the last six months, according to forbes.com. “All price points have been hit by the foreclosure crisis. The rich and famous have not been excluded from that. There are a handful of people in the luxury real estate category that are experiencing foreclosures as well,” said Morgan Brennan of forbes.com. Former Detroit Red Wings hockey
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White House aide welcomes Bahrain dialogue

WASHINGTON (Reuters) – A senior aide to President Barack Obama has told Bahrain’s crown prince that the United States welcomes that government’s steps toward a dialogue with protesters but urged restraint by security forces, the White House said on Friday. Read the full story.
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