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Arrest linked to gun used after Boston bombings

MIT Police Officer Sean Collier, 26, of Somerville, Mass. BOSTON (AP) — It has been one of the lingering questions since the dramatic manhunt that gripped the Boston area in the days after the marathon bombings: Where did the suspects get the gun that authorities say they used to kill a university police officer?

Police custody death tests 'Broken Windows' tactic

Ellisha Flagg, sister of Eric Garner cries during a vigil demanding justice for Eric Garner, a Staten Island man who died while being arrested by New York City police, Tuesday, July 22, 2014, in New York. Demonstrators gathered at a park Tuesday, near where police attempted to arrest Garner, 43, on suspicion of selling untaxed cigarettes. (AP Photo/John Minchillo) NEW YORK (AP) — Eric Garner, who died in police custody last week after he was put in an apparent chokehold, was suspected of committing the relatively minor crime of selling loose, untaxed cigarettes on the street.

Man rushed to hospital with gunshot wound in Kensington

Man rushed to hospital with gunshot wound in Kensington Police say a 23-year-old man was rushed to the hospital with a gunshot wound in Philadelphia's Kensington section early Wednesday morning.

Veteran says he was forgotten in VA clinic

DELTONA, Fla. (AP) — A veteran of the U.S. Marines says he was locked inside a central Florida community clinic operated by the Veteran's Administration.

FAA prohibiting all US flights to Israel

FAA prohibiting all US flights to Israel The Federal Aviation Administration told airlines on Tuesday afternoon that all US flights to Tel Aviv airport in Israel are prohibited for 24 hours.

Opening statements to begin for Michigan man accused in teen's death

Theodore Wafer sits in the court room during his arraignment in Detroit, Michigan (Reuters) - Opening statements are set to begin on Wednesday in the trial of a white suburban Detroit homeowner charged with killing a black teenager with a shotgun blast to the face after she knocked on his door seeking help early one November morning. Theodore Wafer, 55, faces a second-degree murder charge and up to life in prison for the killing of Renisha McBride, 19, on his front porch. The racially charged case has sparked protests in Dearborn Heights, Michigan, and comparisons to the 2012 shooting death of unarmed Florida teenager Trayvon Martin. McBride had a blood alcohol level nearly three times the legal limit for driving in Michigan when she died and had crashed a car hours before, according to witnesses who testified for prosecutors at the preliminary examination.

Kennedy cousin Skakel seeks to suppress evidence

STAMFORD, Conn. (AP) — A lawyer for Michael Skakel is seeking to keep the government from using audio tapes made by the Kennedy cousin for a memoir as evidence in his upcoming murder retrial.

Flight bans show skittishness over trouble spots

A traveler views a departures board Tuesday, July 22, 2014, at the Philadelphia International Airport in Philadelphia. The Federal Aviation Administration is telling U.S. airlines they are prohibited from flying to the Tel Aviv airport in Israel for 24 hours after a Hamas rocket exploded nearby. (AP Photo/Matt Rourke) When U.S. and European airlines quickly canceled flights to Israel on Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots following last week's downing of a passenger plane over Ukraine.

Sisi's bold start on economic reforms buys Egypt some time

Egypt's President Sisi speaks during joint news conference with Sudan's President Bashir in Khartoum By Stephen Kalin CAIRO (Reuters) - Egypt's new president Abdel Fattah al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest. Sisi's government, formed in June, announced this month it was raising prices of heavily subsidised energy products by up to 78 percent and slapped new taxes on dividends, capital gains and high-income earners. The moves are the start of what is expected to be several years of painful austerity for Egyptians as the state aims to eliminate a crippling budget deficit estimated to reach 10 percent of GDP in the fiscal year that began on July 1. To soften the blow to ordinary Egyptians, the government also unveiled a patchwork of relief measures including free transport in army buses and more heavily subsidised food products.

Dutch mourn as first MH17 bodies flown to Netherlands

By Thomas Escritt AMSTERDAM (Reuters) - Bells pealed and flags flew at half mast across the Netherlands on Wednesday on a day of grief tinged with anger ahead of the arrival of the first bodies of victims from a Malaysian airliner downed over Ukraine last week on a flight from Amsterdam. Prime Minister Mark Rutte led the first National Day of Mourning since the death of wartime Queen Wilhelmina in 1962 in memory of the 298 people killed when flight MH17 crashed in an area of eastern Ukraine held by Russian-backed separatists. Amid U.S. accusations that the rebels shot the civilian plane down in error with a Russian-supplied missile, an opinion poll showed an overwhelming majority of the Dutch want economic sanctions imposed on Moscow, even if it hurts their own economy. Windmills around this low-lying coastal nation were set in a mourning position and church bells will toll just before the first military transport planes carrying the remains arrive from Kharkiv, in eastern Ukraine.

Jury to reconvene in Ventura defamation case

Former Minnesota Gov. Jesse Ventura, center, arrives at court with his wife, Terry, and others, Tuesday, July 22, 2014 in St. Paul, Minn. Closing arguments are set for Tuesday in Ventura's defamation lawsuit against the estate of "American Sniper" author Chris Kyle. (AP Photo/The Star Tribune, Jim Gehrz) MANDATORY CREDIT; ST. PAUL PIONEER PRESS OUT; MAGS OUT; TWIN CITIES LOCAL TELEVISION OUT ST. PAUL, Minn. (AP) — Jurors are due to reconvene in St. Paul to deliberate on whether a late famed military sniper defamed former Minnesota Gov. Jesse Ventura in his best-selling memoir.

Bank of England's Carney sees conflicting signals from jobs market

By Alistair Smout GLASGOW Scotland (Reuters) - The Bank of England is weighing up conflicting signals from Britain's labour market as it prepares to start raising interest rates from their record low, BoE Governor Mark Carney said on Wednesday. Britain's economy is now back to its size of before the financial crisis but the mismatch between strong jobs growth and weak earnings was giving the central bank pause for thought, Carney said. "As the economy normalises, Bank Rate will need to start to rise in order to achieve the inflation target," Carney said in a speech to business leaders in Glasgow that covered similar ground to his recent public comments. "But the MPC (Monetary Policy Committee) has no pre-set course and the timing of any increases in interest rates will be determined by the data." Earlier on Wednesday, the BoE said its policymakers discussed at their July meeting if there was a case for an early interest rate rise but were held back in part by pay growth that was strikingly low given Britain's strong job creation.

Viewer records scene as infant left in SUV outside NE Philly Walmart

Viewer records scene as infant left in SUV outside NE Philly Walmart Police say a 6-week-old baby was left unattended inside a SUV in the parking lot of a Northeast Philadelphia Walmart store.

Police: Schuylkill Expressway crash may be road rage

Police: Schuylkill Expressway crash may be road rage A crash slowed traffic on the Schuylkill Expressway Wednesday morning, and police say it may have been caused by road rage.

SEC poised to end $1 a share for some money funds

FILE- In this Dec. 17, 2008 file photo, the Securities and Exchange Commission (SEC) headquarters in Washington is shown. Regulators are expected to vote Wednesday July 23, 2014 to end a longtime staple of the investment industry _ the fixed $1 share price for money-market mutual funds _ at least for some money funds used by big investors. (AP Photo/File) WASHINGTON (AP) — Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.

Espirito Santo group sells bank assets, holding put under supervision

A woman walks past the Espirito Santo Bank (BES) headquarters in Lisbon on July 10, 2014 The main shareholder of troubled Portuguese bank Banco Espirito Santo (BES) was placed in receivership on Tuesday as the parent group announced it had sold most of its Swiss-based activities. Luxembourg's district court in a statement said it had agreed to a Friday request from Espirito Santo International (ESI) that it be placed under "controlled management". Portugal has been thrown into turmoil since allegations emerged of accounting irregularities in ESI, owned by the high-profile Espirito Santo family, cast doubt on the strength of its economy. Lisbon has admitted the crisis engulfing the giant Espirito Santo group could affect Portugal's recovery after the country emerged from an international bailout in May.

North Dakota oil supply plant fire extinguished

Smoke rises from the site of a fire in an industrial area of Williston, N.D. on Tuesday, July 22, 2014. Authorities have set up an evacuation zone within a half-mile radius of Red River Supply, the site of the fire. No injuries were immediately reported. Red River Supply provides services to oil companies working in North Dakota's oil patch. (AP Photo/Josh Wood) WILLISTON, N.D. (AP) — A massive blaze that shot fireballs into the sky at an oil supply and logistics company in a western North Dakota oil patch hub has been extinguished, according to the town's fire department.

Bank of England eyes wage puzzle as it mulls when to raise rates

Pedestrians walk past the Bank of England in the City of London By David Milliken and William Schomberg LONDON (Reuters) - Bank of England officials discussed in July whether there was a case for an early rate rise to cool Britain's economy, but were held back in part by strikingly low wage growth and signs of weakness abroad. The nine members of the Monetary Policy Committee were unanimous when they voted to keep interest rates on hold at their July 9-10 meeting, as forecast by a Reuters poll. Sterling fell and British government bonds underperformed German debt after the release of the minutes, which offered little to bolster expectations among many in the market that a rate rise will come later this year. The Bank also said there were signs, most clearly in the housing market, that Britain's growth - which has been the fastest among the world's big rich economies - would slow a bit in the second half of 2014.

Israel pummels Gaza; Kerry steps up diplomatic push

By Nidal al-Mughrabi and Crispian Balmer GAZA/JERUSALEM (Reuters) - Israeli forces pounded Gaza on Wednesday, meeting stiff resistance from Hamas Islamists and sending thousands of residents fleeing, as U.S. Secretary of State John Kerry said on a visit to Israel ceasefire talks had made some progress. In a blow to Israel's economy and a public relations coup for Hamas, U.S. and European air carriers halted flights to the Jewish state citing concern over a militant rocket from Gaza that hit a house near Ben Gurion airport. Israel urged a re-think, saying its air space was safe. Adding to pressure on Israel, U.N. High Commissioner for Human Rights Navi Pillay said on Wednesday there was "a strong possibility" that it was committing war crimes in Gaza, where 645 Palestinians have died in the fighting, mostly civilians.

Man City youngsters halt Croatia game over 'racism'

Manchester City's under-21 team walked off the pitch during a friendly against Croatian side HNK Rijeka after one of their players was racially abused, the club has claimed. "Manchester City's EDS (elite development squad) U21 game with HNK Rijeka has today been cancelled due to an alleged incident of racial abuse toward the club's young midfielder, Seko Fofana by a member of the opposing team ...

Hotel evacuated for smoke in Center City Philadelphia

Hotel evacuated for smoke in Center City Philadelphia A smoky situation that led to the evacuation of a hotel in Center City Philadelphia has been declared under control.

Business executive wins Georgia Republican runoff in U.S. Senate race

By David Beasley ATLANTA (Reuters) - A former Fortune 500 executive who campaigned as a Washington outsider defeated an 11-term congressman on Tuesday in a key Republican runoff election in Georgia, setting the stage for November's race to fill an open Senate seat. Keeping the seat once held by veteran Democrat Sam Nunn in the Republican column is seen as crucial to the party's efforts at seizing majority control of the Senate from the Democrats. David Perdue, a former chief executive of Reebok, Dollar General and Pillowtex, led U.S. Representative Jack Kingston by nearly 8,000 votes, with 92 percent of the state's counties reporting, before Kingston conceded his loss. Perdue will now face Democrat Michelle Nunn, Sam Nunn's daughter, in the November general election for the seat being vacated by retiring Republican Senator Saxby Chambliss.

With GOP runoff over, Perdue and Nunn face off

David Perdue waves to supporters after declaring victory in the Republican primary runoff for nomination to the U.S. Senate from Georgia, at his election-night party in Atlanta, Tuesday, July 22, 2014. Perdue defeated Rep. Jack Kingston. (AP Photo) ATLANTA (AP) — Now that Georgia Republicans have settled on businessman David Perdue as their nominee for the state's open Senate seat, the real battle begins with a marquee match-up in the fall against Democrat Michelle Nunn that could help determine control of the chamber.

Last victim of deadly Washington mudslide believed found

An aerial view of the mud slide damage in Oso Search teams in Washington State have found the remains of a person thought to be the last victim of a mudslide that buried an entire community in March and killed 43 people, county authorities said. The body believed to be that of 44-year-old Molly Kristine "Kris" Regelbrugge was located Tuesday morning on the western edge of the disaster site. Medical examiners expect to confirm identification once the remains are recovered, according to the Snohomish County Sheriff's Office. The Seattle Times reported that the body was found in a deep pocket of debris believed to have been the garage of Regelbrugge's home, about 100 yards from the spot where the remains of her husband, U.S. Navy Commander L. John Regelbrugge III, were recovered on March 25.

Memorial honoring injured veterans under way in DC

WASHINGTON (AP) — Army Lt. Dawn Halfaker was on patrol 10 years ago in Baqubah, Iraq, when a rocket-propelled grenade tore through her military vehicle and exploded inside.

10 Things to Know for Today

FILE - In a Monday, Jan. 17, 2011 file photo, gun violence protesters participate in a lie-in during an anti-gun rally at the Capitol in Richmond, Va. Nearly six in 10 Americans want stricter gun laws in the aftermath of last month's deadly school shooting in Connecticut, with majorities favoring a nationwide ban on military-style, rapid-fire weapons and limits on gun violence depicted in video games and movies and on TV, according to a new Associated Press-GfK poll. A lopsided 84 percent of adults would like to see the establishment of a federal standard for background checks for people buying guns at gun shows, the poll showed. President Barack Obama was set Wednesday, Jan. 16, 2013 to unveil a wide-ranging package of steps for reducing gun violence expected to include a proposed ban on assault weapons, limits on the capacity of ammunition magazines and universal background checks for gun sales. (AP Photo/Steve Helber, File) Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:

Opening statements set in porch shooting trial

FILE - In this April 25, 2014, file photo, Theodore Wafer listens during a motion hearing in Judge Timothy Kenny's courtroom at the Frank Murphy Hall of Justice in Detroit. Jury selection starts Monday, July 21, 2014, in a trial that will put Wafer's self-defense claim to a tough test. The 19-year-old woman, Renisha McBride, was drunk but unarmed when she climbed the steps of his Dearborn Heights porch, 3 ½ hours after crashing her car a few blocks away. Roused from sleep by the sound of pounding in the wee hours, he grabbed his shotgun, opened the front door and blasted her in the face. (AP Photo/Detroit Free Press, Eric Seals, File) DETROIT NEWS OUT; NO SALES DETROIT (AP) — After two days of jury selection, lawyers are poised to give opening statements in the trial of a Detroit-area man who opened his front door and shot an unarmed woman, killing her.

1 dead, 2 injured by SW Fla. lightning strike

FORT MYERS BEACH, Fla. (AP) — A lightning strike has killed one person and injured two others on Fort Myers Beach in southwest Florida.

Arizona execution to proceed after lethal-injection challenge failed

By David Schwartz PHOENIX (Reuters) - A convicted double-murderer was due to be executed by lethal injection in Arizona on Wednesday after his defense team failed in its legal bid to force the state to disclose greater details about how he will be put to death. Joseph Wood, 55, is one of six death row inmates who sued Arizona last month arguing that secrecy surrounding the drugs used in botched executions in Ohio and Oklahoma violated their constitutional rights. On Saturday, the 9th U.S. Circuit Court of Appeals put his execution on hold, saying Wood could suffer "irreparable harm" unless the state divulged information about the drugs and the qualifications of the medical staff conducting the execution. Wood's execution was set for 10 a.m. (1 p.m. EDT) in the state prison in Florence, about 60 miles (100 km) southeast of Phoenix.

Europe edges up on earnings, risk aversion remains

A man walks past the London Stock Exchange in the City of London By Lionel Laurent LONDON (Reuters) - European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of economic recovery. The pan-European FTSEurofirst 300 share index was 0.3 percent higher at 0742 GMT, buoyed by better-than-expected earnings from German automaker Daimler and Dutch paint-and-chemicals firm AkzoNobel. Gains were more muted in Europe - where the pace of economic recovery and the impact of a Russia slowdown have worried investors - than in much of Asia or the United States, where stocks hit fresh milestones and where earnings from bellwethers such as Apple Inc and Verizon topped forecasts. "Geopolitical tensions are preventing a better market development in Europe," said Christian Stocker, equity strategist at UniCredit.

Spanish economic growth seen gathering pace in Q2

MADRID (AP) — The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months.

Tropical depression approaching Lesser Antilles

MIAMI (AP) — The U.S. National Hurricane Center says a fast-moving tropical depression in the Atlantic is expected to approach the Lesser Antilles on Wednesday night.

Seniors use roommate-finding agencies to cut costs

In this July 17, 2014 photo, Carolyn Allen, left, a 69-year-old widow who has suffered two strokes, makes her way to the living room with roommate Marcia Rosenfeld, who owns the apartment Allen lives in New York. The two women are roommates thanks to a home-sharing program run by a New York-based nonprofit agency. Rosenfeld's two-bedroom apartment is too big for her, and even with a senior citizen's rent break, at over $1,000 a month, it was too expensive, so she is happy to have Allen help share living expenses. Allen doesn't want to live alone and doesn't want to spend a lot on rent, so she and Rosenfeld agree the program suits their individual needs. (AP Photo/Kathy Willens) NEW YORK (AP) — It's not exactly "The Golden Girls," but for Marcia Rosenfeld, it'll do.

Man critical after shooting in West Philadelphia

Man critical after shooting in West Philadelphia Police say a man is in critical condition after a shooting in West Philadelphia late Tuesday night.

SABMiller Zimbabwe unit says lager sales sharply down

SABMiller's Zimbabwe affiliate said on Wednesday lager sales volumes fell 21 percent during the first quarter to June, another sign of the southern African nation's sharply contracting economy. Delta Corporation, Zimbabwe's largest listed company with a market capitalisation of $1.55 billion, is 38 percent owned by global brewing giant SABMiller.

Donald Trump to break ground for new DC hotel

WASHINGTON (AP) — Donald Trump hopes to bring his signature brand of glitz to the nation's capital with a new luxury hotel in the city's third-tallest building.

Chinese Officials Seal Off 'Plague' City, Puzzling US Experts

A city in China has reportedly been sealed off after one resident died from bubonic plague, but this way of trying to contain the disease is puzzling to infectious disease experts, who say the response seems extreme given the information released about the case. Plague is an infectious disease caused by the bacteria Yersinia pestis that is carried by rodents, and can be transmitted to people ...

Ultra high definition TVs boost LG Display profit

SEOUL, South Korea (AP) — LG Display Co. said profit for the April-June quarter more than doubled as a stronger won reduced the value of its foreign debt and the World Cup boosted demand for ultra-high-definition TVs.

Fire extinguished at ND oil supply company

Smoke rises from the site of a fire in an industrial area of Williston, N.D. on Tuesday, July 22, 2014. Authorities have set up an evacuation zone within a half-mile radius of Red River Supply, the site of the fire. No injuries were immediately reported. Red River Supply provides services to oil companies working in North Dakota's oil patch. (AP Photo/Josh Wood) WILLISTON, N.D. (AP) — A once-massive blaze at an oil supply and logistics company that housed flammable chemicals in Williston, North Dakota, has been extinguished, according to the town's fire department.

In international flight, volatile conflicts abound

Israeli police officers secure a destroyed house that was hit by a rocket fired by Palestinians militants from Gaza, in Yahud, a Tel Aviv suburb near the airport, central Israel, Tuesday, July 22, 2014. As a result, Delta Air Lines and U.S. Airlines decided to cancel their scheduled flights to Israel.(AP Photo/Dan Balilty) DUBAI, United Arab Emirates (AP) — In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems leftover from the ouster of Moammar Gadhafi.

Agents get subsidized 'Obamacare' using fake IDs

WASHINGTON (AP) — Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law.

City settles gun permit posting suit

When city officials pulled the trigger in 2012 by posting details on gun-permit appeals online, they considered it a public service. Now the data have become a $1.4 million public expense.

PayPal signs "ten of thousands" customers in Nigerian launch

Onasanya, managing director of First Bank of Nigeria, and Dahan, PayPal's regional director of Israel and Africa shake hands at the announcement of a partnership between First Bank of Nigeria and PayPal, in Lagos By Chijioke Ohuocha LAGOS (Reuters) - PayPal has signed up "tens of thousand" of Nigerians in its first week of operating in Africa's biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said. E-commerce remains in its infancy in most of Africa but is growing exponentially with the advent of online retailers such as Jumia, partly owned by South African phone operator MTN, and a growing middle class with money to spend. ...

Asia stocks bolstered by US earnings, home sales

People walk past an electronic stock indicator in Tokyo, Tuesday, July 22, 2014. Asian shares rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro-Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. Japan's Nikkei 225 stock index added 0.8 percent to 15,343.28 as trading resumed after Monday's public holiday. (AP Photo/Shizuo Kambayashi) SEOUL, South Korea (AP) — Asian stock markets mostly rose Wednesday, bolstered by solid U.S. earnings and home sales. Indonesian stocks advanced after the official vote count showed Joko Widodo the clear winner of a bitterly contested presidential election.

Watch what markets don't do as world politics turns nasty

A pedestrian looks at an electronic board showing stock market indices outside a brokerage in Tokyo By Mike Dolan LONDON (Reuters) - Like so much in the investment world of late, it's what financial markets are not doing right now that is most intriguing. Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in Iraq and Syria, Israel and Gaza, Ukraine and Russia. Yet the world's main financial markets have barely blinked. Crude oil prices gyrated briefly on the upsurge in the Iraq/Syria violence but net moves have been slight to non-existent.

Australian inflation gives RBA room to keep rates low

A worker stacks shelves in a supermarket in Sydney on April 23, 2014 Australian inflation came in at 0.5 percent in the three months to June, official figures showed Wednesday, giving the country's central bank room to keep interest rates at a record-low to support the economy. The latest figures took the annual rate of inflation to 3.0 percent, up from 2.9 percent in the year to March, but within the Reserve Bank of Australia's target range of 2.0-3.0 percent. The Australian dollar, which was trading at 93.93 US cents Tuesday, slipped briefly before surging to 94.35 US cents. "We view today's outcome, and the inflation outlook more broadly, as neutral for monetary policy," ANZ's senior economist Riki Polygenis said.

China's rich pimp their planes as jet market takes off

A Chinese woman leaving a Gulfstream G150 luxury jet at Shanghai Hongqiao airport on April 14, 2014 When a Chinese customer asked for the interior of his new Bombardier Challenger 850 jet to be covered with pricey black carbon fibre, the designer was shocked -- but happy to oblige. "We'll do whatever you want, as long as it's within the realm of certification," said Sean Gillespie, executive vice president for sales of Flying Colours, a North American aviation services firm. "But carbon fibre, we've used it before, but usually it's used as a trim." The market for private jets -- sometimes called business or executive jets -- is a small but fast growing aviation segment in China, where rapid economic development has created a surge of new wealth.

League City migrant resolution opposed

League City's recent resolution rejecting refuge for Central American migrant children violates two landmark civil rights acts, a complaint to the U.S. Department of Housing and Urban Development alleged this week.

Iraqi sacred city gains prominence as Baghdad founders

The holy Shiite city of Najaf has gained prominence as a centre of political and military power since the start of a crisis that has raised the spectre of Iraq breaking up along sectarian and ethnic lines. Most of Iraq's political leaders say they want to preserve national unity, yet a Sunni jihadist offensive has seen influence ebb from Baghdad and flow to Iraq's north, where Kurds aim to form ...

U.S. judge orders Argentina, creditors to meet until deal reached

New York financial trial lawyer Pollack exits the U.S. District Court for the Southern District of New York in Lower Manhattan By Nate Raymond and Joseph Ax NEW YORK (Reuters) - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default. U.S. District Judge Thomas Griesa in New York told Argentina and lawyers for investors who declined to restructure their bonds after the country defaulted on about $100 billion in 2002 that time was running out to reach a deal and avert a fresh default. Jonathan Blackman, a lawyer for Argentina, Latin America's No. 3 economy, said even with around-the-clock talks, it would be "unlikely, if not impossible, to result in settlement." "It simply can't be done by the end of the month," he said. Griesa ordered the parties to meet with Daniel Pollack, a New York lawyer appointed to oversee settlement talks, "continuously until a settlement is reached." Pollack scheduled a meeting Wednesday at 10 a.m. EDT (1400 GMT).

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