SEC Settlement May Threaten Bank of America’s CEO

Kenneth Lewis’ days as chief executive of Bank of America may finally be numbered. Observers and investors say a settlement with the Securities and Exchange Commission may ultimately cost Lewis the top job at the nation’s largest bank. On Monday, the bank agreed to pay $33 million to settle Securities and Exchange Commission charges that Lewis and other executives misled the bank’s investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch.

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Mexican police arrest 34 drug cartel suspects

Mexican federal police say they arrested 34 men suspected of belonging to a ruthless drug cartel blamed for a rash of violence that left at least 18 federal agents and two soldiers dead since July 11. Officials said the suspects belong to La Familia Michoacana drug gang, which drew national attention when it was accused of torturing and killing 12 off-duty federal agents three weeks ago. The bodies of the 11 men and one woman were found dumped on a road.

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Leaving Iran While Looking Over Your Shoulder: A Reporter’s Diary

Two days before leaving Tehran and three weeks after Iranian Intelligence had come around looking for me, I was taking no chances. The notes, essays and photos on the protests I had been regularly sending back for publication would have to be sent to the States separately…with my grandma. She had a flight to the U.S.

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South African policeman kills self while guarding Mandela’s home

A South African policeman guarding former South African President Nelson Mandela’s home shot and killed himself Saturday, police said. The police sergeant, who was working for the police VIP unit, killed himself while on duty at the guard house outside Mandela’s Johannesburg home, National Police spokeswoman Sally de Beer said.

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