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Ice Cream Shop Owner Convicted of Funneling $22 Million

NEW YORK – A Yemeni immigrant ice cream shop owner was found guilty Wednesday of illegally funneling $21.9 million overseas in a case stemming from a major terrorism investigation. Abad Elfgeeh, 50, was accused of transmitting money around the world without a license from bank accounts linked to his tiny …

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Forecasters Optimistic on Economy Despite Hurricanes

SAN ANTONIO – The president’s top economist said Sunday that hurricanes Katrina and Rita will have a modest impact on the U.S. economy. Ben Bernanke (search), chairman of the White House Council of Economic Advisers (search), gave his assessment in a speech to the Institute of International Finance. “So far, …

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Clinton Asks Leaders to Complete Pledges

WASHINGTON – Former President Bill Clinton (search) convinced world and business leaders to commit more than $1.25 billion to address major global problems, ranging from poverty to clean energy. The question is, will they follow through? In his closing remarks Saturday the first annual Clinton Global Initiative (search), he promised …

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