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Police have arrested a man who was planning on building and detonating a pipe bomb focused on New York government facilities, a source familiar with the case said. The New York Post reported that the suspect was targeting soldiers returning home and their families. The man, who has been under surveillance for a year, was arrested in the past 24 hours for purchasing the materials to make explosives. He is believed to have acted as a “lone wolf.” Mayor Michael Bloomberg and NYPD Commissioner Ray Kelly will hold a press conference at 7:30 p.m.