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Thursday, June 7, 2012

U.S. Top News: Insight: Can Occupy Wall Street survive?

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06/7/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Insight: Can Occupy Wall Street survive?
(Reuters) - More than eight months after Occupy Wall Street burst onto the global stage, decrying income inequality and coining the phrase "We are the 99 percent," the movement's survival and continued relevance is far from assured. Donations to the flagship New York chapter have slowed to a trickle. Polls show that public support is rapidly waning. Media attention has dropped precipitously.
NYC at highest risk of hurricane losses: report
(Reuters) - When people think of hurricane damage they usually think of Miami or New Orleans, but a new report suggests the greatest financial risk of all may be much farther north: the greater New York City area.
Democrats face Democrats in new California election system
SACRAMENTO, California (Reuters) - The first statewide test of new California electoral rules designed to bolster competition and ease partisan gridlock saw the emergence of numerous same-party matchups and disappointing results for Democrats looking to gain more ground in Congress.
Analysis: In scare for newspapers, digital ad growth stalls
(Reuters) - As more newspapers cut back on print to reduce costs and focus on their websites, a troubling trend has emerged: online advertising sales are stalling.
Tweaking U.S. tax code could spur green energy: senator
WASHINGTON (Reuters) - A freshman Democratic senator thinks he may have found a way to encourage investment in wind, solar and biofuel projects without sapping too many taxpayer dollars or injecting new venom into a bitter partisan battle over energy incentives.
Lawmakers seek to bolster investment share
WASHINGTON (Reuters) - A bipartisan group of lawmakers on Thursday are calling for action to boost the U.S. share of global foreign investment, which has fallen 50 percent over the past decade as companies pour money into faster-growing economies.
U.S. urges 230 years prison for Allen Stanford
(Reuters) - U.S. prosecutors urged a judge on Wednesday to send convicted financier Allen Stanford to prison for 230 years, calling him a "ruthless predator" whose $7 billion Ponzi scheme was among the most egregious frauds ever undertaken.
Defense of Marriage Act unconstitutional: judge
NEW YORK (Reuters) - A law that defines marriage as between a man and a woman was found unconstitutional by a federal judge in New York on Wednesday because it improperly interferes with states' rights to regulate marriage.
DC City Council Chair resigns over bank fraud charge
WASHINGTON (Reuters) - Washington's City Council chairman resigned on Wednesday over a federal charge that he knowingly overstated his income on bank loan applications, worsening turmoil that has marked local politics in the capital this year.
Dock from Japanese tsunami washes up on Oregon beach
PORTLAND, Oregon (Reuters) - A huge dock unmoored during last year's Japanese tsunami washed up on an Oregon beach this week and authorities are debating how to remove it.
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