Wednesday, July 31, 2013

Asus abandons Windows RT

Asus Windows RT CriticismAsus Windows RT Criticism

It?s not just consumers who are avoiding Windows RT these days. In an interview with AllThingsD,?Asus chairman?Jonney Shih said that his company has no current plans to release any more tablets based on Microsoft?s Windows RT platform because the results from earlier RT tablets have been ?not very promising.? While Shih didn?t rule out making a Windows RT device again at some point he said that for now Asus remains solely focused on creating Windows 8 devices that use Intel chips. Asus is just the latest Windows OEM to give Windows RT the cold shoulder as HTC had to cancel plans to release a Windows RT tablet earlier this year and Acer has said that it?s unsure if it will ever release another Windows RT tablet again.

[More from BGR: Dell?s potential savior, a $100 Android computer the size of a USB stick, now shipping to testers]

This article was originally published on BGR.com

Source: http://news.yahoo.com/asus-abandons-windows-rt-000019152.html

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Google Play beats Apple in Q2 app downloads, but still gets half the revenue htt...

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Tuesday, July 30, 2013

IRS Targeting Scandal Rooted Deep in Washington

WASHINGTON -- At the beginning of the IRS Tea Party targeting controversy, the White House insisted the scandal was confined to a rogue operation in the agency's Cincinnati office. But now, it's clear the scandal was rooted in the nation's capital.

"We're following the facts; they undeniably now lead to Washington," Rep. Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee, said.

During its recent hearing, the House watchdog committee uncovered a connection between the extra scrutiny of applications for tax exempt status of Tea Party groups and the IRS's Chief Counsel William J. Wilkins.

What does it mean now that the IRS chief counsel has been implicated in the Tea Party targeting scandal? Jay Sekulow, chief counsel of the American Center for Law and Justice, answers that question and more on The 700 Club, July 30.

Wilkins is one of just two IRS positions appointed by the president.

Carter Hull, a lawyer who retired from the IRS after 48 years of service, told the committee he was directed to send his recommendations about the tax applications of Tea Party groups to the Office of the Chief Counsel.

"Look, we know how this works. We know that when you put this much discretion and this much discretionary power in the hands of the few, eventually, it may well be abused for partisan political purposes. That happened here and we've got to get to the bottom of it," Rep. Mike Lee, R-Utah, said.
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The White House now calls the IRS scandal "phony."

However, soon after it broke, President Obama appointed Treasury Secretary Jack Lew to investigate. Lew said there's no evidence of political wrongdoing.

"We have to look at the facts," Lew said. "There have been lot of investigations; there have been a lot of hearings, IGs, the Justice Department. There is no evidence of any political decision maker who was involved in any of those decisions."

But when pressed by the host of "Fox News Sunday," he wouldn't say if anyone has asked Wilkins if he was involved with targeting Tea Party groups.
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Tom McClusky, works for the Family Research Council, a non-profit conservative group that was audited.

He told CBN News political targeting by the IRS is nothing new. He said the agency has become little more than a political arm of the party in charge of the White House.

"These are American citizens being targeted," he said. "They're not phony people. This is not an Astroturf kind of scandal. This is a scandal that has actual roots and shows the inherent problems at the IRS.

Source: http://www.cbn.com/cbnnews/politics/2013/July/FRC-Real-People-Targeted-in-Phony-IRS-Scandal--/

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Economy News Headlines - Yahoo! News

Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedMon, 29 Jul 2013 10:15:04 -04005Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifStocks edge lower as busy week for markets begins<p><a href="http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GU97HfVYTbgxFYWccWwsOQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8d73f41e5bc3f519380f6a706700c36b.jpg" width="130" height="86" alt="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" align="left" title="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stocks were inching lower on Monday morning as a big week for economic news got underway.</p><br clear="all"/>http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.htmlMon, 29 Jul 2013 10:15:04 -0400Associated Pressstocks-edge-lower-busy-week-markets-begins-135201920<p><a href="http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GU97HfVYTbgxFYWccWwsOQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8d73f41e5bc3f519380f6a706700c36b.jpg" width="130" height="86" alt="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" align="left" title="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stocks were inching lower on Monday morning as a big week for economic news got underway.</p><br clear="all"/>Greece pleads for Europe to adopt growth policies<p><a href="http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Bk1mSYma7o_2ie7P6KEYgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/31a740315ad8f119380f6a70670015b8.jpg" width="130" height="86" alt="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" align="left" title="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" border="0" /></a>ATHENS, Greece (AP) ? Greece&#039;s prime minister urged European leaders to shift economic policies toward generating growth, as the country&#039;s bailout monitors complained it was making &quot;slow progress&quot; on long-term reforms.</p><br clear="all"/>http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.htmlMon, 29 Jul 2013 10:10:50 -0400Associated Pressgreece-pleads-europe-adopt-growth-policies-141050638<p><a href="http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Bk1mSYma7o_2ie7P6KEYgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/31a740315ad8f119380f6a70670015b8.jpg" width="130" height="86" alt="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" align="left" title="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" border="0" /></a>ATHENS, Greece (AP) ? Greece&#039;s prime minister urged European leaders to shift economic policies toward generating growth, as the country&#039;s bailout monitors complained it was making &quot;slow progress&quot; on long-term reforms.</p><br clear="all"/>Futures head lower to kick off a busy week<p><a href="http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.html"><img src="http://l2.yimg.com/bt/api/res/1.2/VuCt_4rK2s7vy9JwVU0gKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f1bdcda5ab6f019380f6a7067003ddb.jpg" width="130" height="86" alt="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" align="left" title="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" border="0" /></a>NEW YORK (AP) ? U.S stock futures are declining ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department.</p><br clear="all"/>http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.htmlMon, 29 Jul 2013 07:59:44 -0400Associated Pressfutures-head-lower-kick-off-busy-week-115944096<p><a href="http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.html"><img src="http://l2.yimg.com/bt/api/res/1.2/VuCt_4rK2s7vy9JwVU0gKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f1bdcda5ab6f019380f6a7067003ddb.jpg" width="130" height="86" alt="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" align="left" title="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" border="0" /></a>NEW YORK (AP) ? U.S stock futures are declining ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department.</p><br clear="all"/>In cash-strapped Detroit, few question sports arena funding<p><a href="http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wsLbRqZyjJnv.4st_b9sdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T110215Z_2_CBRE96S0E5O00_RTROPTP_2_USA-DETROIT-BANKRUPTCY.JPG" width="130" height="86" alt="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" align="left" title="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" border="0" /></a>By Joseph Lichterman DETROIT (Reuters) - While Detroit has become a top emblem of U.S. urban economic decline with its recent bankruptcy filing, it remains a resilient and vibrant sports town. Major League Baseball&#039;s Tigers and the National Football League&#039;s Lions, like teams in other U.S. cities, have obtained public financing for new arenas, despite questions about their promised economic windfalls. The Tigers&#039; home stadium Comerica Park, which opened in 2000, was built at a cost of $300 million, 38 percent of which was publicly financed. ...</p><br clear="all"/>http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.htmlMon, 29 Jul 2013 07:02:15 -0400Reuterscash-strapped-detroit-few-sports-arena-funding-050531192<p><a href="http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wsLbRqZyjJnv.4st_b9sdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T110215Z_2_CBRE96S0E5O00_RTROPTP_2_USA-DETROIT-BANKRUPTCY.JPG" width="130" height="86" alt="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" align="left" title="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" border="0" /></a>By Joseph Lichterman DETROIT (Reuters) - While Detroit has become a top emblem of U.S. urban economic decline with its recent bankruptcy filing, it remains a resilient and vibrant sports town. Major League Baseball&#039;s Tigers and the National Football League&#039;s Lions, like teams in other U.S. cities, have obtained public financing for new arenas, despite questions about their promised economic windfalls. The Tigers&#039; home stadium Comerica Park, which opened in 2000, was built at a cost of $300 million, 38 percent of which was publicly financed. ...</p><br clear="all"/>Dollar under pressure as central bank meetings loom<p><a href="http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.html"><img src="http://l3.yimg.com/bt/api/res/1.2/yeN2pwxQPQilQ_7HZEZ8NA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053531Z_1_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Marc Jones LONDON (Reuters) - Expectations that the Federal Reserve will reaffirm its commitment to keeping U.S. interest rates near zero left kept the dollar at a five-week low on Monday, while concerns about China&#039;s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. All are expected to repeat or refine their &quot;forward guidance&quot; that borrowing costs will remain extraordinarily low as long as growth is sub-par and inflation poses no threat. ...</p><br clear="all"/>http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.htmlMon, 29 Jul 2013 06:13:25 -0400Reutersjapanese-stocks-knocked-lower-firmer-yen-005534103<p><a href="http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.html"><img src="http://l3.yimg.com/bt/api/res/1.2/yeN2pwxQPQilQ_7HZEZ8NA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053531Z_1_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Marc Jones LONDON (Reuters) - Expectations that the Federal Reserve will reaffirm its commitment to keeping U.S. interest rates near zero left kept the dollar at a five-week low on Monday, while concerns about China&#039;s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. All are expected to repeat or refine their &quot;forward guidance&quot; that borrowing costs will remain extraordinarily low as long as growth is sub-par and inflation poses no threat. ...</p><br clear="all"/>Retail sales grow at fastest pace since January - CBI<p><a href="http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.html"><img src="http://l.yimg.com/bt/api/res/1.2/0_SZuaNfHBNotgMftjKnMQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T100336Z_1_CBRE96S0RYG00_RTROPTP_2_SAINSBURY.JPG" width="130" height="86" alt="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" align="left" title="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" border="0" /></a>LONDON (Reuters) - British retail sales rose at their fastest pace since January this month, a survey by the Confederation of British Industry showed on Monday, adding to signs economic growth is continuing in the second half of the year. The CBI distributive trades survey&#039;s sales balance rose to +17 - matching January&#039;s level - from June&#039;s four-month high of +1. The expected sales balance for August slipped to +10 from +13, though orders placed with suppliers rose at their fastest rate in six months. ...</p><br clear="all"/>http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.htmlMon, 29 Jul 2013 06:11:14 -0400Reutersretail-sales-grow-fastest-pace-since-january-cbi-100336453<p><a href="http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.html"><img src="http://l.yimg.com/bt/api/res/1.2/0_SZuaNfHBNotgMftjKnMQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T100336Z_1_CBRE96S0RYG00_RTROPTP_2_SAINSBURY.JPG" width="130" height="86" alt="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" align="left" title="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" border="0" /></a>LONDON (Reuters) - British retail sales rose at their fastest pace since January this month, a survey by the Confederation of British Industry showed on Monday, adding to signs economic growth is continuing in the second half of the year. The CBI distributive trades survey&#039;s sales balance rose to +17 - matching January&#039;s level - from June&#039;s four-month high of +1. The expected sales balance for August slipped to +10 from +13, though orders placed with suppliers rose at their fastest rate in six months. ...</p><br clear="all"/>Global stock markets fall ahead of Fed meeting<p><a href="http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Global stock markets fell Monday, led by a sharp dive in Japan, as traders awaited a packed schedule of economic data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.htmlMon, 29 Jul 2013 05:19:07 -0400Associated Pressglobal-stock-markets-fall-ahead-fed-meeting-091907160<p><a href="http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Global stock markets fell Monday, led by a sharp dive in Japan, as traders awaited a packed schedule of economic data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>Taiwan names new fin regulator, defense minister in reshuffleBy Faith Hung and Michael Gold TAIPEI (Reuters) - Taiwan's top financial regulator and its defense minister have stepped down, the premier said on Monday, as part of a reshuffle that analysts say is aimed at boosting President Ma Ying-jeou's increasingly poor popularity ratings. Ma's economic and China policies have triggered widespread criticism while Taiwan's less-than-stellar economic performance and stagnant wage growth have also been a drag on his ratings which have hovered around the 20-percent mark for months. ...http://news.yahoo.com/taiwan-names-fin-regulator-defense-minister-reshuffle-080217040.htmlMon, 29 Jul 2013 04:02:17 -0400Reuterstaiwan-names-fin-regulator-defense-minister-reshuffle-080217040South African rand softer, month-end import pressure seenJOHANNESBURG (Reuters) - South Africa's rand was softer against the dollar in early Monday trade, retreating a few cents after Reserve Bank data showed growth in credit extension to the private sector slowed again in June. The data backs the case for the Reserve Bank to consider another interest rate cut - rates have been steady since the last reduction in 2012 - to boost consumer demand and spur economic growth. By 0645 GMT the rand was at 9.8200 against the dollar, down 0.55 percent from its New York close at 9.7660 on Friday. ...http://news.yahoo.com/south-african-rand-softer-month-end-import-pressure-065350984.htmlMon, 29 Jul 2013 02:53:50 -0400Reuterssouth-african-rand-softer-month-end-import-pressure-065350984British banks still credit-shy towards small firms, study finds<p><a href="http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q04nbPMrvVnohT3KDMdybA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053544Z_2_CBRE96R1SME00_RTROPTP_2_EU-BONUS-KARAS.JPG" width="130" height="86" alt="The Canary Wharf financial district is seen in east London" align="left" title="The Canary Wharf financial district is seen in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions. Banks have clashed with policymakers and regulators over the reasons for scant flows of credit to small and medium-sized enterprises, seen as vital to Britain&#039;s economic recovery, arguing that firms lack confidence to borrow and invest. ...</p><br clear="all"/>http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.htmlMon, 29 Jul 2013 01:35:44 -0400Reutersbritish-banks-still-credit-shy-towards-small-firms-053544644<p><a href="http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q04nbPMrvVnohT3KDMdybA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053544Z_2_CBRE96R1SME00_RTROPTP_2_EU-BONUS-KARAS.JPG" width="130" height="86" alt="The Canary Wharf financial district is seen in east London" align="left" title="The Canary Wharf financial district is seen in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions. Banks have clashed with policymakers and regulators over the reasons for scant flows of credit to small and medium-sized enterprises, seen as vital to Britain&#039;s economic recovery, arguing that firms lack confidence to borrow and invest. ...</p><br clear="all"/>BOJ's Kuroda: Economy can handle sales tax increase<p><a href="http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.html"><img src="http://l1.yimg.com/bt/api/res/1.2/mMmQskzZryQOwTfmgprxow--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053213Z_1_CBRE96S0FED00_RTROPTP_2_US-JAPAN-ECONOMY-KURODA.JPG" width="130" height="86" alt="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." align="left" title="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." border="0" /></a>By Stanley White TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a planned increase in the sales tax rate would not hurt the economy and was needed to repair public finances, amid growing signs on Monday the prime minister could delay or even water down the policy. Kuroda, appointed by Prime Minister Shinzo Abe earlier this year, said fiscal discipline was important because long-term yields could rise if investors thought the central bank&#039;s purchases of government debt were aimed at financing spending. ...</p><br clear="all"/>http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.htmlMon, 29 Jul 2013 01:32:13 -0400Reutersbojs-kuroda-economy-handle-sales-tax-increase-053213703<p><a href="http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.html"><img src="http://l1.yimg.com/bt/api/res/1.2/mMmQskzZryQOwTfmgprxow--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053213Z_1_CBRE96S0FED00_RTROPTP_2_US-JAPAN-ECONOMY-KURODA.JPG" width="130" height="86" alt="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." align="left" title="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." border="0" /></a>By Stanley White TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a planned increase in the sales tax rate would not hurt the economy and was needed to repair public finances, amid growing signs on Monday the prime minister could delay or even water down the policy. Kuroda, appointed by Prime Minister Shinzo Abe earlier this year, said fiscal discipline was important because long-term yields could rise if investors thought the central bank&#039;s purchases of government debt were aimed at financing spending. ...</p><br clear="all"/>Asia stock markets fall ahead of Fed meeting<p><a href="http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.htmlMon, 29 Jul 2013 01:13:38 -0400Associated Pressasia-stock-markets-fall-ahead-fed-meeting-032358364<p><a href="http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>Fed officials to mull much, change little at July meeting<p><a href="http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q_gZLeWqiGfOgDYZfu.0xA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T233334Z_1_CBRE96R1TG700_RTROPTP_2_USA-FED-FOMC.JPG" width="130" height="86" alt="A view shows an eagle sculpture on Federal Reserve building in Washington" align="left" title="A view shows an eagle sculpture on Federal Reserve building in Washington" border="0" /></a>By Ann Saphir (Reuters) - Federal Reserve officials this week are likely to have a lively debate on how best to prepare financial markets for a reduction of their bond-buying program, but appear certain to wait for further economic data before curtailing their stimulus. While the debate will not produce much in the way of policy change, officials may tweak their post-meeting statement to lay the groundwork for paring their $85 billion-a-month bond purchase program as early as September. The Fed releases its post-meeting statement at 2 p.m on Wednesday. ...</p><br clear="all"/>http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.htmlSun, 28 Jul 2013 19:33:34 -0400Reutersfed-officials-mull-much-change-little-july-meeting-233334239<p><a href="http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q_gZLeWqiGfOgDYZfu.0xA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T233334Z_1_CBRE96R1TG700_RTROPTP_2_USA-FED-FOMC.JPG" width="130" height="86" alt="A view shows an eagle sculpture on Federal Reserve building in Washington" align="left" title="A view shows an eagle sculpture on Federal Reserve building in Washington" border="0" /></a>By Ann Saphir (Reuters) - Federal Reserve officials this week are likely to have a lively debate on how best to prepare financial markets for a reduction of their bond-buying program, but appear certain to wait for further economic data before curtailing their stimulus. While the debate will not produce much in the way of policy change, officials may tweak their post-meeting statement to lay the groundwork for paring their $85 billion-a-month bond purchase program as early as September. The Fed releases its post-meeting statement at 2 p.m on Wednesday. ...</p><br clear="all"/>Analysis: China leaders play safe on reforms as growth sags<p><a href="http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.html"><img src="http://l3.yimg.com/bt/api/res/1.2/gnmIabQzYL0niixjhIvd3Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T211623Z_1_CBRE96R1N3R00_RTROPTP_2_CHINA-ECONOMY-REFORMS.JPG" width="130" height="86" alt="A woman stands next to her apartment window in downtown Shanghai" align="left" title="A woman stands next to her apartment window in downtown Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - For all the strong rhetoric, China&#039;s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing&#039;s credentials for change with measures to prop up sagging growth. While Premier Li Keqiang provides a drip-feed of easy reforms, he will avoid more radical moves for fear of tipping the world&#039;s second-biggest economy over the edge. ...</p><br clear="all"/>http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.htmlSun, 28 Jul 2013 17:16:23 -0400Reutersanalysis-china-leaders-play-safe-reforms-growth-sags-211623874<p><a href="http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.html"><img src="http://l3.yimg.com/bt/api/res/1.2/gnmIabQzYL0niixjhIvd3Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T211623Z_1_CBRE96R1N3R00_RTROPTP_2_CHINA-ECONOMY-REFORMS.JPG" width="130" height="86" alt="A woman stands next to her apartment window in downtown Shanghai" align="left" title="A woman stands next to her apartment window in downtown Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - For all the strong rhetoric, China&#039;s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing&#039;s credentials for change with measures to prop up sagging growth. While Premier Li Keqiang provides a drip-feed of easy reforms, he will avoid more radical moves for fear of tipping the world&#039;s second-biggest economy over the edge. ...</p><br clear="all"/>Little sign of economic stress in North Korea's well-swept capital<p><a href="http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GY1YxanIGNaidZ1hBQ5E2Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T185245Z_1_CBRE96R1GG300_RTROPTP_2_KOREA-NORTH.JPG" width="130" height="86" alt="North Korean singers perform during an artistic performance in Pyongyang" align="left" title="North Korean singers perform during an artistic performance in Pyongyang" border="0" /></a>By Se Young Lee PYONGYANG (Reuters) - North Korea&#039;s economy is believed to be virtually lifeless after decades of mismanagement, isolation and sanctions aimed at foiling its nuclear ambitions but its showcase capital, Pyongyang, shows no hint of calamity. Secretive North Korea allowed in a large group of foreign journalists last week to cover Saturday&#039;s lavish celebrations of the 60th anniversary of the truce that ended the 1950-53 Korean War, which North Korea says it won. No expense seems to have been spared for monuments to the conflict upon which the state was founded. ...</p><br clear="all"/>http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.htmlSun, 28 Jul 2013 14:52:45 -0400Reuterslittle-sign-economic-stress-north-koreas-well-swept-185245157<p><a href="http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GY1YxanIGNaidZ1hBQ5E2Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T185245Z_1_CBRE96R1GG300_RTROPTP_2_KOREA-NORTH.JPG" width="130" height="86" alt="North Korean singers perform during an artistic performance in Pyongyang" align="left" title="North Korean singers perform during an artistic performance in Pyongyang" border="0" /></a>By Se Young Lee PYONGYANG (Reuters) - North Korea&#039;s economy is believed to be virtually lifeless after decades of mismanagement, isolation and sanctions aimed at foiling its nuclear ambitions but its showcase capital, Pyongyang, shows no hint of calamity. Secretive North Korea allowed in a large group of foreign journalists last week to cover Saturday&#039;s lavish celebrations of the 60th anniversary of the truce that ended the 1950-53 Korean War, which North Korea says it won. No expense seems to have been spared for monuments to the conflict upon which the state was founded. ...</p><br clear="all"/>Serbian finance minister cedes economy brief, averts risk of snap poll<p><a href="http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.html"><img src="http://l2.yimg.com/bt/api/res/1.2/dt5skSTcLHkA_Vx8hUt19w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T153623Z_1_CBRE96R17CV00_RTROPTP_2_SERBIA-ECONOMY.JPG" width="130" height="86" alt="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" align="left" title="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" border="0" /></a>BELGRADE (Reuters) - Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country&#039;s ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia&#039;s biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. ...</p><br clear="all"/>http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.htmlSun, 28 Jul 2013 11:36:23 -0400Reutersserbian-finance-minister-cedes-economy-brief-averts-risk-153623801<p><a href="http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.html"><img src="http://l2.yimg.com/bt/api/res/1.2/dt5skSTcLHkA_Vx8hUt19w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T153623Z_1_CBRE96R17CV00_RTROPTP_2_SERBIA-ECONOMY.JPG" width="130" height="86" alt="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" align="left" title="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" border="0" /></a>BELGRADE (Reuters) - Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country&#039;s ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia&#039;s biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. ...</p><br clear="all"/>Brazil's Rousseff rules out more spending cuts: newspaper<p><a href="http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.html"><img src="http://l.yimg.com/bt/api/res/1.2/lPzkh6ROwlSI2uU_D56Uhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T135414Z_1_CBRE96R12N500_RTROPTP_2_CNEWS-US-BRAZIL-POLITICS-ROUSSEFF.JPG" width="130" height="86" alt="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" align="left" title="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" border="0" /></a>SAO PAULO (Reuters) - Brazilian President Dilma Rousseff ruled out additional spending cuts or a reduction in the number of government ministries from 39, saying the benefits of such measures to spur economic growth would be minimal, Folha de S?o Paulo newspaper reported on Sunday. Rousseff said in an interview with Folha that all possible measures to contain budget expenditures have been taken and that trimming the number of ministries might hamper the government&#039;s efforts to reduce social and economic inequality. ...</p><br clear="all"/>http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.htmlSun, 28 Jul 2013 09:54:14 -0400Reutersbrazils-rousseff-rules-more-spending-cuts-newspaper-135414187<p><a href="http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.html"><img src="http://l.yimg.com/bt/api/res/1.2/lPzkh6ROwlSI2uU_D56Uhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T135414Z_1_CBRE96R12N500_RTROPTP_2_CNEWS-US-BRAZIL-POLITICS-ROUSSEFF.JPG" width="130" height="86" alt="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" align="left" title="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" border="0" /></a>SAO PAULO (Reuters) - Brazilian President Dilma Rousseff ruled out additional spending cuts or a reduction in the number of government ministries from 39, saying the benefits of such measures to spur economic growth would be minimal, Folha de S?o Paulo newspaper reported on Sunday. Rousseff said in an interview with Folha that all possible measures to contain budget expenditures have been taken and that trimming the number of ministries might hamper the government&#039;s efforts to reduce social and economic inequality. ...</p><br clear="all"/>Lew says stubborn Congress risks repeating U.S. fiscal wounds<p><a href="http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cXptpHOLYo6C80XLNjI33w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T131024Z_1_CBRE96R10LY00_RTROPTP_2_USA-FISCAL.JPG" width="130" height="86" alt="Treasury Secretary Lew testifies on Capitol Hill in Washington" align="left" title="Treasury Secretary Lew testifies on Capitol Hill in Washington" border="0" /></a>WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago triggered worldwide financial market turmoil. In coming negotiations with Republicans, who control the House of Representatives, Democratic President Barack Obama will focus on ways to create economic gains for the middle class over spending cuts, Lew said. &quot;We have already done a lot of deficit reduction,&quot; he said in an interview on NBC. ...</p><br clear="all"/>http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.htmlSun, 28 Jul 2013 09:10:24 -0400Reuterslew-says-stubborn-congress-risks-repeating-u-fiscal-131024700<p><a href="http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cXptpHOLYo6C80XLNjI33w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T131024Z_1_CBRE96R10LY00_RTROPTP_2_USA-FISCAL.JPG" width="130" height="86" alt="Treasury Secretary Lew testifies on Capitol Hill in Washington" align="left" title="Treasury Secretary Lew testifies on Capitol Hill in Washington" border="0" /></a>WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago triggered worldwide financial market turmoil. In coming negotiations with Republicans, who control the House of Representatives, Democratic President Barack Obama will focus on ways to create economic gains for the middle class over spending cuts, Lew said. &quot;We have already done a lot of deficit reduction,&quot; he said in an interview on NBC. ...</p><br clear="all"/>Analysis: Oversold China catches the eye of investorsBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world's second largest economy, but some investors say it may be time to jump back in. The country's downturn is being felt around the world. Energy and materials stocks have been hit, commodities prices are lower, and the currencies of China's trading partners, including Australia, Taiwan and South Korea, have tumbled. The index of the leading Shanghai and Shenzhen A-shares - the CSI300 - was down 11. ...http://news.yahoo.com/analysis-oversold-china-catches-eye-investors-130546520.htmlSun, 28 Jul 2013 09:05:46 -0400Reutersanalysis-oversold-china-catches-eye-investors-130546520Analysis: Intangible investments cast U.S. economy in brighter lightBy Jason Lange WASHINGTON (Reuters) - As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves. So it is rather odd that official data suggests American businesses for decades have been growing less aggressive at investing in their operations. This apparent contradiction helps illustrate a rethinking under way on how to measure economic output, a discussion that is leading to an overhaul of government data this week that will show the U.S. economy is a bit larger than previously thought. ...http://news.yahoo.com/analysis-intangible-investments-cast-u-economy-brighter-light-110606252.htmlSun, 28 Jul 2013 07:06:06 -0400Reutersanalysis-intangible-investments-cast-u-economy-brighter-light-110606252Italian economy minister calls end to recession this year: press<p><a href="http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.html"><img src="http://l.yimg.com/bt/api/res/1.2/Yq2WYAMaFDqP5ojsZY5.lA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T104845Z_1_CBRE96R0U1H00_RTROPTP_2_EUROZONE-BANKUNION.JPG" width="130" height="86" alt="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" align="left" title="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" border="0" /></a>MILAN (Reuters) - Italy&#039;s economy will begin emerging from its longest slump since World War Two in the fourth quarter of this year and should grow through 2014, Economy Minister Fabrizio Saccomanni said. Asked when Italy would exit the recession, Saccomanni told Rome daily Il Messaggero in an interview published on Sunday: &quot;By the end of this year. &quot;The signs can already be seen in this third quarter, the fourth quarter should see the first positive number. And the whole of 2014 will be positive. ...</p><br clear="all"/>http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.htmlSun, 28 Jul 2013 06:48:45 -0400Reutersitalian-economy-minister-calls-end-recession-press-104845452<p><a href="http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.html"><img src="http://l.yimg.com/bt/api/res/1.2/Yq2WYAMaFDqP5ojsZY5.lA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T104845Z_1_CBRE96R0U1H00_RTROPTP_2_EUROZONE-BANKUNION.JPG" width="130" height="86" alt="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" align="left" title="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" border="0" /></a>MILAN (Reuters) - Italy&#039;s economy will begin emerging from its longest slump since World War Two in the fourth quarter of this year and should grow through 2014, Economy Minister Fabrizio Saccomanni said. Asked when Italy would exit the recession, Saccomanni told Rome daily Il Messaggero in an interview published on Sunday: &quot;By the end of this year. &quot;The signs can already be seen in this third quarter, the fourth quarter should see the first positive number. And the whole of 2014 will be positive. ...</p><br clear="all"/>Japan's PM may rethink tax hike; could shake markets, unsettle support<p><a href="http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2ZnrGUqb9ZRIzcxc11YFkA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T081644Z_1_CBRE96R0N0200_RTROPTP_2_JAPAN-ECONOMY-TAX.JPG" width="130" height="86" alt="Japan&#039;s PM Abe speaks during a news conference in Tokyo" align="left" title="Japan&#039;s PM Abe speaks during a news conference in Tokyo" border="0" /></a>By William Mallard TOKYO (Reuters) - Japan&#039;s most significant fiscal reform in years - a planned increase in the country&#039;s sales tax - could be delayed or watered down in a move that might rattle financial markets and amount to an own goal for the prime minister. Despite holding the strongest political mandate of any prime minister in years, there are signs Shinzo Abe is seriously rethinking the plan out of concern it could derail a nascent economic recovery he has crafted with an aggressive policy mix, dubbed Abenomics. ...</p><br clear="all"/>http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.htmlSun, 28 Jul 2013 04:16:44 -0400Reutersjapans-pm-may-rethink-tax-hike-could-shake-081644490<p><a href="http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2ZnrGUqb9ZRIzcxc11YFkA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T081644Z_1_CBRE96R0N0200_RTROPTP_2_JAPAN-ECONOMY-TAX.JPG" width="130" height="86" alt="Japan&#039;s PM Abe speaks during a news conference in Tokyo" align="left" title="Japan&#039;s PM Abe speaks during a news conference in Tokyo" border="0" /></a>By William Mallard TOKYO (Reuters) - Japan&#039;s most significant fiscal reform in years - a planned increase in the country&#039;s sales tax - could be delayed or watered down in a move that might rattle financial markets and amount to an own goal for the prime minister. Despite holding the strongest political mandate of any prime minister in years, there are signs Shinzo Abe is seriously rethinking the plan out of concern it could derail a nascent economic recovery he has crafted with an aggressive policy mix, dubbed Abenomics. ...</p><br clear="all"/>China orders nationwide government debt auditBEIJING (Reuters) - China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit. ...http://news.yahoo.com/china-orders-nationwide-government-debt-audit-051836178.htmlSun, 28 Jul 2013 01:18:36 -0400Reuterschina-orders-nationwide-government-debt-audit-051836178Obama says narrowed Fed choices, to announce in months: NY Times<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/>http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.htmlSat, 27 Jul 2013 17:11:51 -0400Reutersobama-says-narrowed-fed-choices-announce-months-ny-204729866<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/>Source: http://rss.news.yahoo.com/rss/economy

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India, Senegal to cooperate in information and broadcasting sector

India and Senegal on Monday agreed to set up a joint working group in the information and broadcasting sector. The Joint Working Group is to be set up in areas identified under the Executive Programme for Cultural Cooperation signed between the two countries.

This was decided during a meeting between Information and Broadcasting Minister Manish Tewari and Senegalese Culture Minister Abdul Aziz Mbaye in Delhi. Both ministers agreed to draw up a time bound roadmap to take the cooperation in the information and broadcasting Sector forward, said a statement.

Tewari extended an invite to Mbaye to participate at the International Film Festival of India 2013 at Goa, which was readily accepted by the visiting minister. Both also agreed to identify cooperation in areas relating to co-production in the film sector, sharing the experience by India in setting up the National Museum of Indian Cinema and the efforts being made by India to establish a single window clearance for film shooting in the country.

India, Senegal to cooperate in information and broadcasting sector

India, Senegal to cooperate in information and broadcasting sector

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Source: http://ibnlive.in.com/news/india-senegal-to-cooperate-in-information-and-broadcasting-sector/410478-3.html

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Monday, July 29, 2013

Power disrupted at Superior oil refinery

The Calumet oil refinery in Superior experienced its second power failure within two weeks on Saturday morning, causing several units to shut down and a yellow plume of smoke to be emitted.

Kollin Schade, the refinery manager, said the disruption occurred about 8 a.m.

The plume of smoke was emitted as pollution-control equipment automatically shut down and went into safe mode, which is what it?s designed to do, he said.

There was no public health or environmental risk, Schade said.

?That material going out is a clay-based material, and it?s considered a nonhazardous material,? he said. ?It doesn?t look good, but it?s nonhazardous.?

It was the second disruption Superior Water Light & Power has dealt with in two days, said Bill Fennessey, the utility?s manager of electric operations. Saturday?s outage was caused by a squirrel on a power line and interrupted service to a few customers for three or four minutes in addition to the partial shutdown at the refinery.

An outage at about 6 a.m. Friday was caused by a crow on a power line and affected customers in the waterfront and East End areas of Superior, Fennessey said. He didn?t know the number of customers affected.

Schade said the refinery previously experienced a power failure on July 16. That was more extensive than Saturday?s disruption.

Tags: news,?superior,?updates,?energy

Source: http://www.duluthnewstribune.com/event/article/id/273636/

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Stores at The Washington on Broadway set to open

Businesses will soon open at The Washington building on Broadway in Saratoga Springs. (ED BURKE/eburke@saratogian.com)

SARATOGA SPRINGS ? Imagine unpacking 40,000 books.

That?s what Chris Morrow, owner of Northshire Bookstore at 422 Broadway, and his staff are doing now, preparing to open their shop the first week of August.

?We?re putting books on the shelves and getting fixtures ready. We need to get our computer systems set up as well,? he said. ?Yesterday, we installed the upstairs carpet.?

The store is filled with boxes containing cards, gifts, stationery and games as well as the books ? all waiting to be unpacked. Furniture and decorative items stand in groups across the floor.

?The sheer volume of things here is a challenge,? Morrow said. ?But it?s a lot more organized than it looks.?

Northshire Bookstore occupies the north side of the ground floor in The Washington, a Bonacio Construction building whose other tenants will open at various times. Kilwins, a candy and ice cream chain with 80 locations, will have a shop on the ground floor with Northshire and plans to open Aug. 1, owner Bill Hoffman said.

?We?re going crazy getting ready,? he said, smiling.

His 3,500-square-foot shop will sell hand-paddled fudge, chocolates, ice cream, frozen yogurt and sorbet, among other confectionary. One kitchen is in the front of the store, so customers can watch the treats being made. Hoffman calls his offerings whimsical and fun.

?This is a wonderful community,? said Hoffman, who also owns a Kilwins in Newport, R.I. ?In Newport, the chocolates are shaped like shells and sailing ships. Now we?ll be making horse-shaped candy.?

Source: http://www.saratogian.com/articles/2013/07/28/news/doc51f5c2abd0921610311371.txt

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Al Shabaab claim attack on Turkish mission in Somalia, three dead

By Feisal Omar and Abdi Sheikh

MOGADISHU (Reuters) - A car loaded with explosives rammed into an office housing Turkish embassy staff in the Somali capital, killing three people, witnesses and officials said on Saturday, the latest in a series of blasts claimed by Islamist al Shabaab rebels.

Al Shabaab was pushed out of bases in Mogadishu by Somali and African forces about two years ago, raising hopes of a return to relative security in a city hit by years of war.

But the militants have kept up guerrilla-style attacks and continue to control large rural areas, challenging the authority of a government less than a year old.

The group has carried out several brazen attacks in the last two months, including one on an African peacekeeping convoy that killed 8 and another on the main U.N. compound in Mogadishu that killed 22 people.

"A suicide car bomb targeted a building housing Turkish embassy workers near K4 (Kilometer Four)," police officer Ahmed Mohamud told Reuters from the scene of the blast.

Three people were killed and nine others were wounded, he said.

"The car was taking advantage of a Turkish car that was going into the building, thus the car bomb exploded and destroyed the gate," he said.

A Turkish government official told Reuters that one Turkish security officer was killed when the mission's guards clashed with the attackers as they attempted to enter the complex.

Three Turkish officers were being treated for their wounds, Turkey's Foreign Ministry said in a statement and condemned the bombing.

Al Shabaab, who said earlier this month they would increase attacks during the Ramadan fasting period, claimed responsibility for the bombing on their Twitter feed.

"Mujahideen forces in Mogadishu have just carried out an operation targeting a group of Turkish diplomats in Hodan district," al Shabaab said.

"All the Mujahideen who carried out the operation have returned safely back to their bases inside Mogadishu, preparing for the next operation."

Somalia is attempting to rebuild itself after two decades of civil war and lawlessness, triggered by the overthrow of president Siad Barre in 1991.

The fragile government is being backed by international aid aimed at preventing it from becoming a haven for al Qaeda-style militants in east Africa.

Turkey has led efforts to help Somalia, pouring more than $400 million of aid into the country since 2011, most of it from private companies.

Turkish Prime Minister Tayyip Erdogan became the first non-African leader to visit Somalia in nearly 20 years when he travelled there in 2011.

Turkey has also sought a greater diplomatic role in the region, including brokering dialogue this year between Somalia and Somaliland.

(Additional reporting by Humeyra Pamuk in Ankara and Ayla Jean Yackley in Istanbul; Editing by George Obulutsa and Raissa Kasolowsky)

Source: http://news.yahoo.com/al-shabaab-claim-attack-turkish-mission-somalia-three-175018357.html

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Sunday, July 28, 2013

Bride-to-be, best man missing in boat crash

PIERMONT, N.Y. (AP) ? A bride-to-be and her fiance's best man were missing in the Hudson River on Saturday after a speedboat carrying six friends crashed into a construction barge in a nighttime accident near the Tappan Zee Bridge. Four others, including the groom-to-be, were hurt.

The crash happened late Friday, shortly after the 21-foot Stingray left the village of Piermont for a short trip across the river to Tarrytown, about a half-hour's drive north of New York City, authorities said.

Rescuers searched for the missing boaters for several hours overnight before suspending the hunt. They resumed the search at about 9:30 a.m. Boats and dive teams from several law enforcement agencies were participating in the search, but as midday came and went there was no sign of the missing victims.

The missing woman was identified by her mother as 30-year-old Lindsey Stewart, of Piermont.

"We are praying for a miracle," Carol Stewart said as she waited on the shore. She said her daughter was to be married Aug. 10.

Four other people, including the groom-to-be, Brian Bond, 35, were hospitalized after being pulled from the damaged boat. Bond was knocked unconscious in the crash but later woke and was able to call 911, Carol Stewart said.

Lindsey Stewart's stepfather, Walter Kosik, said the couple have known each other since they were 10 years old and used to go to church together.

"They have been friends the whole time, and they fell in love about 3 ? years ago," Kosik said.

They were to be married at the Good Shepherd Lutheran Church in Pearl River, with a reception at a Hudson Valley winery, he said.

Rockland County Sheriff's Department Chief William Barbera declined to identify the victims. He said the barge, one of several loaded with construction material for an upcoming replacement of the bridge, was equipped with lights, but it was still difficult to see on the water so late at night.

The cause of the accident is under investigation.

The New York State Thruway Authority, which is overseeing the bridge project, said it was reviewing safety procedures.

"Our thoughts and prayers are with the victims and their families during this difficult time," the authority said in a statement. It added that the lighting on the barges appeared to be functioning normally.

Pile driving that had been scheduled to take place Saturday was suspended because of the accident.

Source: http://news.yahoo.com/bride-best-man-missing-ny-boat-crash-145851177.html

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Hands-on training teaches new PSYOP soldiers the importance of military information support operations [Image 2 of 4]

Spc. Caleb Quezada, 312th Psychological Operations Company, writes down notes as his team leader talks with a role-player during training dealing with face-to-face interaction with a local populace during battle assembly, in Marlboro, Md., June 9.
(U.S. Army Photo by Staff Sgt. Sharilyn Wells/USACAPOC(A))




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Saturday, July 27, 2013

Research Analyst, Strategic Planning & Analysis Irvine Company ...

[unable to retrieve full-text content]The Strategic Planning & Analysis group (?SP&A?) is responsible for financial planning, analysis, and research in support of the development, acquisition and operating activities of the Irvine Company. The group supports all ...

Source: http://www.selectleaders.com/candidate/viewjobdetails.do?jid=29959

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Friday, July 26, 2013

Taylor Swift 'biggest fan' contest called off

Celebs

16 hours ago

Taylor Swift.

George Pimentel / Getty Images

Taylor Swift.

Wednesday was (kind of) a sad day for Taylor Swift fans. Boston's KISS FM canceled its "Taylor Swift's Biggest Fan" contest today after it was revealed that a 39-year-old man named Charles won the grand title.

The radio station updated its contest page with a statement clarifying the reasoning for their decision.

"Disappointingly, we have determined that the integrity of the 'Taylor Swift's Biggest Fan' contest has been compromised,' it read.

"In accordance with our contest rules, effective immediately, the contest has been terminated. We apologize to all of our loyal listeners who have participated."

WATCH: Taylor Swift debuts concert footage-filled "Red" music video

Weeks ago, Charles shot up to the No. 1 spot after his pic ended up on numerous websites asking for its anonymous users to help him meet the "22" singer.

One post asked people to vote for Charles and help "crush the dreams of these girls and give him a chance to make a complete ass of himself by blatantly just sniffing her hair with cameras rolling."

The grand prize was slated to be two free tickets to one of her concerts and a backstage meet-and-greet with the 23-year-old.

But while one fan's dreams may have been crushed, another got the surprise of her life.

NEWS: Toby Keith, Taylor Swift and Carrie Underwood top Forbes' highest-paid country music acts list

An eyewitness tells E! News that Swift went out to dinner with Ed Sheeran and Austin Mahone at Ralph's Italian Restaurant in Philadelphia, Penn., last Friday and they took photos with the head chef.

"I called my mom to tell her Swift was there, and she wanted me to take a picture because she is a big fan," he said.

"My son has autism, and while I'm at work my mom and my son love to listen to her music. He loves her music!"

The blond beauty then shocked the chef by handing over two tickets to her concert, which was the following night.

PHOTOS: See behind-the-scenes shots from Taylor's fragrance campaign

"It was so kind-hearted of her," the chef gushed. "My son is 11. It was my son and I's first concert we've ever been to! It was really special."

But the good times didn't end there!

The chef told E! News that T. Swift's team paid for the meal and left a whopping $500 tip!

Talk about putting your money where your mouth is.

PHOTOS: Taylor Swift's top 10 beauty looks

Source: http://www.today.com/entertainment/taylor-swift-biggest-fan-contest-canceled-after-39-year-old-6C10741187

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