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Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz

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Maxim Hot 100

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Shreen Mohammad sits with other recruits during a military exercise at the Kabul Military Training Center (KMTC) in Kabul March 28, 2012. A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone. Picture taken March 28, 2012. REUTERS/Omar Sobhani (AFGHANISTAN - Tags: POLITICS MILITARY SOCIETY) ATTENTION EDITORS: PICTURE 18 OF 27 FOR PACKAGE 'AFGHAN ARMY RECRUIT'

Afghan army recruit

A look at an Afghan recruit as he goes through the process of joining the Afghan National Army.  Slideshow 

Fed approves discount rate cuts at three banks

WASHINGTON | Wed Apr 30, 2008 4:45pm EDT

WASHINGTON (Reuters) - The Federal Reserve said on Wednesday it had approved actions by the Fed banks of Kansas City, Chicago and St. Louis to lower the discount rate by a quarter percentage point to 2.25 percent.

The Fed earlier on Wednesday unanimously approved a cut in the discount rate to 2.25 and approved discount rate reduction requests from the Fed banks of New York, Cleveland, Atlanta, and San Francisco.

(Reporting by Mark Felsenthal)
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