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News: December 28, 2010

Israeli Peace Activist Sentenced to 3-Month Term

In Israel, the prominent peace activist Jonathan Pollak has been sentenced to three months in prison for taking part in a bicycle rally against the Israeli blockade on Gaza three years ago. Pollak is a founder of the group Anarchists against the Wall, which works with Palestinians to hold frequent protests in the West Bank. Pollak was convicted for taking part in a critical mass bike ride through Tel Aviv. Supporters say Pollak is being targeted for his political involvement.

Report: 98 Bailed-Out Banks Risk Failure

And a new analysis shows nearly 100 bailed-out U.S. banks are in danger of collapse despite an infusion of taxpayer aid. The Wall Street Journal reports 98 banks are at risk of failing even after receiving a total of $4.2 billion in government cash. Seven bailed-out banks have already collapsed at a cost of over $2.7 billion. According to the Washington Post, the Obama administration has begun monitoring the board meetings of nearly 20 banks that have repeatedly failed to pay back sums under the terms of their taxpayer rescue.

– from democracynow.org

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