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Front Page: Rep. Tom Lantos Dies, Microsoft, Troop Withdrawals

  • Congressman Tom Lantos (D-CA) has died. Lantos was a Holocaust survivor and currently finishing what he'd called his last term after being diagnosed with cancer of the esophogas. He was 80 years old. Lantos often called himself, "an American by choice." He was born to Jewish parents in Hungary and was 16 when Hitler occupied his country. He survived by escaping labor camps twice, before receiving protection from Swedish diplomat Raoul Wallenberg.
  • Yahoo rejected Microsoft's $44.6 billion offer, saying that it "substantially undervalues" the company. The offer, $31 per share, was a 62 percent higher price than the trading price when the offer was made. Since making the offer, Microsoft's shares have devalued quickly. A combined Microsoft and Yahoo would equal one of the world's biggest technology firms.
  • The US may halt troop withdrawals from Iraq this summer, for what Defense Secretary Robert Gates is calling a "pause" for evaluation. In what basically amounts to a reversal of the "surge" 30,000 troops are scheduled to leave Iraq by July. All five brigades scheduled to leave will do so, after which time Gates wants a "period of evaluation". The situation in Baghdad has improved recently, but peace remains fragile. Gates said, "a brief period of consolidation and evaluation probably does make sense," and that he hopes that the drawdown can continue until only ten brigades remain by the end of 2008.
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wackdoodle wackdoodle 8 years
Definitely RIP Representative Lantos.
freegracefrom freegracefrom 8 years
Gah... it's so hard for me to think in terms of billions of dollars! I wonder why Yahoo thinks that they deserve more than that? Their competition Google has been outflanking them left and right for years now. Microsoft and Yahoo are floundering these days - it'd be wise for them to come to a compromise. RIP, Rep. Lantos.
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