Reuters Journalist Charged With 'Conspiring' With Anonymous
Matthew Keys is well known on Twitter for breaking news. Prosecutors allege he leaked the credentials to a Tribune Company server to members of the hacker collective Anonymous.
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2 Dead Indian Fishermen, 2 Accused Italian Marines, A Diplomatic Row
India wants the marines returned to stand trial. Italy is refusing to send them back. The Indian Supreme Court on Thursday ordered the Italian ambassador not to leave the country. Both countries claim they are on solid legal footing.
Detroit's emergency manager brings hope, fear
The city of Detroit has a very new -- and stark -- economic reality today.
A new face is in control of the city's finances, and it isn't an elected mayor.
Gov. Rick Snyder installed a emergency financial manager to guide the city out of it's deep financial hole.
His name is Kevyn Orr, and his background is as a bankruptcy lawyer. The role of the emergency financial manager was created in 1990, and was granted the powers of the mayor, plus more.
"So if he wants to go after labor contracts, he's able to go after labor contracts," said longtime Detroit journalist Micheline Maynard, now a contributor for forbes.com. "One thing I think a lot of people hope for is that the city streetlights will go back on, because there are big swaths of Detroit that are in the dark, literally."
It's a move that's not without controversy, and maybe a little hope, as well.
"There two schools of thought. Detroit's got this fledgling little recovery; there's been some new investment in the city. Everybody wants that to take flight," Maynard said. "Then there's another side that thinks this undemocratic -- that the people of Detroit don't have a voice in this, and that this goes against the rights of the citizens to decide who's going to run their city and who's going to fix their city."
Maynard said she's seen the city go through a lot to find a way to recovery.
"I think they can fix Detroit, but they have to actually do the work."
Is 'too big to fail' a permanent state?
Today is the fifth anniversary of the rescue of Bear Stearns by the Federal Reserve. The very moment, perhaps, when "too big to fail" became a standard part of our economic lexicon.
To commemorate the five-year anniversary, Richard Fisher, president of the Federal Reserve Bank of Dallas, will speak at the big political conference going on this week, the Conservative Political Action Committee, or CPAC, where he's going to say we ought to break up the big banks. That they are still "too big to fail."
"The banks only got bigger following the financial crisis," said John Carney from CNBC. "Regulators and their bosses on Capitol Hill, the congressmen and senators,are mostly mentally-captured by the big banks. They just think that this is the way things have to be."
Carney thinks Fisher will get a warm welcome at CPAC this weekend.
"This really seems to be something that bridges the political spectrum where you have people on the left saying we should do something and people on the right," said Carney.
Death Row Inmate Fights For Right To Die In Oregon
Convicted murderer Gary Haugen has spent more than 30 years in prison; he's been on death row since 2007. And if he had his way, he would schedule his execution tomorrow. But the Oregon Supreme Court must decide whether Haugen can die — or if Gov. John Kitzhaber's reprieve of him should stand.
Binge Drinking Sticks Wisconsin With A Hefty Tab
Wisconsin has the highest number of binge drinkers in the nation, and they cost the state $6.8 billion in 2012. Most of that economic burden is from lost productivity — missing work, premature mortality, incarceration, and absenteeism.
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Courts Become A Battleground For Secularists, Islamists In Syria
Islamist brigades are competing with pro-democracy civilians to shape Syria's future. In many areas in rebel-held northern Syria, Islamists have set up religious courts that deliver rulings under Shariah, or Islamic law.
As Global Chains Move In, The Champs Elysees Gets A New Look
Some Parisians worry that an avenue once considered the most beautiful in the world is starting to take on the character of an American shopping strip.
As His Home Melts Away, Teenager Sues Alaska
Nelson Kanuk, an 18-year old Yup'ik Eskimo, has seen the permafrost his home is built on melt, and in a year or two the house could be gone. Kanuk argues the state needs to take more action on climate change.
'I Am Not A Sixth Grader': Sens. Feinstein, Cruz Spar On 2nd Amendment
The exchange came as an assault weapons ban bill worked its way through the Senate Judiciary Committee. At issue: whether Congress has the right to determine, which guns are legal.
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Showing Off Shopping Sprees, Fashion 'Haulers' Cash In Online
So-called "haul videos" are the YouTube version of a time-honored tradition: showing off the spoils from a trip to the shopping mall. Some haulers have garnered thousands of followers, as well as relationships with retailers who compensate the young fashionistas for promoting their products.
Molly Malone: A Soup And Song For St. Patrick's Day
Irish cookbook author Rachel Allen shares a recipe for Molly Malone chowder, a soup inspired by the Irish folk song about a doomed fishmonger.
Molly Malone: A Soup And Song For St. Patrick's Day
Irish cookbook author Rachel Allen shares a recipe for Molly Malone Chowder, a soup inspired by the Irish folk song about a doomed fishmonger.
Don't have a visa to work here? I have some office space to rent you in the ocean
While the immigration debate is focused primarily on low-skilled workers, the tech world is focused on the scientists, engineers, and professionals from other countries who want to start businesses here.
There's no visa for that. To that end, two Silicon Valley entrepreneurs have an unusual idea. Why not set up shop just offshore? Actually offshore. Think, a floating office park in the Pacific Ocean.
Max Marty is the CEO and cofounder of Blueseed, one of the entrepreneurs in question. Like a lot of tech startups, it's an incubator, trading equity in a company for office space and access to investors. Only on a big decommissioned cruise ship, 12 nautical miles from the coast of California. Those are international waters just a ferry ride away from Silicon Valley.
"We are enabling people from all around the world to connect into Silicon Valley," Marty says. "People live and work out there on their startup for about six to nine months. When they are in the right position and those companies gain a little bit of traction, look at moving into Silicon Valley itself."
What does Blueseed get out of playing cruise director? Namely, a 6 percent stake in the companies aboard, and the ability to influence how many foreign entrepreneurs gain access to the American market.
"The real value for us, and really, the real value for the world is in the value that those companies are going to produce as they grow, as they produce new technologies, and they create jobs," says Marty.
Despite the almost tauntingly close proximity to U.S. waters, Blueseed has had a friendly reception from government so far. The actual launch is still a ways off, but investors have pledged over $9 million so far, with one more round of financing to go. If all that money comes through, its ship will set sail in the second fiscal quarter of 2014.
After Weeks Of Wrangling, An Israeli Government Takes Shape
Prime Minister Benjamin Netanyahu has finally put together a coalition that appears focused on domestic issues rather than security questions or negotiations with the Palestinians.
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'47 Percent' Video Maker: 'Didn't Go There With A Grudge Against Romney'
Bartender Scott Prouty has stepped out of the shadows. The recording he made shook up the 2012 presidential campaign. Republican Mitt Romney's bid for the White House was dealt a blow. Now Prouty is telling liberal newssites about what he did.
Detroit Is 'Olympics Of Restructuring,' New Emergency Manager Says
Earlier this month, Michigan's governor declared that the city is in a financial emergency. The city government is running a huge deficit and faces huge debts. Now, a lawyer with experience in bankruptcies is coming in to try to straighten things out.
Pope Francis' Sister: 'I Prayed That He Wouldn't Be Chosen'
The job is hard, she told an Argentine news station, and the world is also tough. She asked the world to pray for her brother.
Pope Francis Is Now 'Papa Crow' To His Favorite Soccer Club
The new pope is a big fan of the Argentine team San Lorenzo, from his home town of Buenos Aires. Known as "Los Cuervos" ("The Crows"), the team has enthusiastically adopted Francis as its "papa."
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Shanghai's Dead Pigs: Search For Answers Turns Up Denials
The discovery of thousands of dead pigs floating in the waters around Shanghai has turned up disturbing reports: of pig dumping and the sale of meat from diseased animals among pig farmers. In the village where some of the pigs came from, we found serial denials.
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