Iran tests its first nuclear power plant

Iran tested its first nuclear power plant Wednesday, a stride that prompted one Iranian technician to declare it was "independence day" for the Islamic republic. Tests were carried out at the Bushehr nuclear power plant using “dummy” fuel rods, loaded with lead in place of enriched uranium to simulate nuclear fuel. In a news release distributed to reporters at the scene, officials said the test measured the “pressure, temperature and flow rate” of the facility to make sure they were at appropriate levels

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Brazilian revelers celebrate Rio Carnival

Aides say the president is expected to focus on the economy when he addresses a joint session of Congress Tuesday evening, but will also touch lightly on foreign policy issues. After much talk of engaging America’s adversaries, chief among them Iran, the Obama administration has made no move so far, pending a policy review.

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Amanpour: World has questions for Obama

Will President Obama just talk about the state of this troubled Union whose economic crisis he has inherited, or will he cast his net of ideas far and wide to address a new American relationship with the world? After much talk of engaging America’s adversaries, chief among them Iran, the Obama administration has made no move so far, pending a policy review.

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AIG’s Distress: Are There Enough Fingers for This Dike?

Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.

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Tamil rebels ready for cease-fire

Tamil rebels in Sri Lanka were ready to accept international calls for a cease-fire but won’t lay down their weapons without a political solution in the quarter-century-long civil war, according to a letter released by the group. But no cease-fire offer is being offered as government troops press their offensive against Tamil forces and their remaining strongholds in northern Sri Lanka.

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Abu Ghraib now a humane prison, Iraq officials say

The notorious Iraq prison once called Abu Ghraib has reopened under Iraqi government control. And the Ministry of Justice has launched a public-relations campaign to show it has changed since the days when prisoners were tortured there — first under Saddam Hussein, and later by American troops.

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Europeans Who Sat Out the Iraq War Now Line Up for Its Business

“Old Europe” famously declined to join the U.S.-led invasion of Iraq. But six years on, countries such as France and Germany are eager to get in on the cleanup process in Iraq — and the hundreds of billions of dollars in business that effort is expected to generate. The most recent European move to woo Iraq came this week when German Foreign Minister Frank-Walter Steinmeier made a surprise visit to Baghdad

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