Speed Demons

Angels wheel and deal Call it “speed,” “crank” or “poor man's coke,” the powder produces a cocaine-like high at half the price. Methamphetamine, at $60 a gram, is the discount drug of choice on the West Coast and a multimillion-dollar-a-year business for a new form of organized crime, a California-style Cosa Nostra on wheels.

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INVESTIGATIONS: The Elite

The congressional investigation of Communists turned last week from a story of espionage to a story of Communists in high places in Government. The course was changed by the testimony of a soft-voiced ex-Communist, who sat down before the House Un-American Activities Committee and calmly told a tale of high powered plotting in New Deal days.He was Whittaker Chambers, 47, for 13 years a member and “paid functionary” of the Communist Party, a strong anti-Communist since 1937

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Best Buy will not honor $9.99 big-screen TV deal

The price of big screen televisions has been coming down, but this was ridiculous. Early Wednesday morning, BestBuy.com listed a 52-inch Samsung HDTV for $9.99 — a savings of more than $1600. As customers jumped on the Web site trying to take advantage of the offer, Best Buy announced it was a “pricing error” and was no longer available

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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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China cites ‘conclusive evidence’ in Rio Tinto case

China has "conclusive evidence" that four employees of the world’s second-largest mining company were stealing Chinese state secrets, the country’s foreign ministry said. Four employees of Rio Tinto — one Australian and three Chinese — have been arrested on suspicion of espionage and stealing state secrets. Australian Stern Hu is the general manager of Rio Tinto’s Shanghai office, where all the employees work.

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China arrests Rio Tinto staff on spy charges

Four employees of the Shanghai office of Australia’s Rio Tinto, the world’s second-largest mining company, have been arrested over allegedly stealing China’s state secrets, the Shanghai state security authority said Thursday, according to Xinhua. An Australian, identified by the Australian government as Stern Hu, had been held along with three Chinese co-workers since Sunday, Foreign Minister Stephen Smith said

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