Fever from the fields

February 2013
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28 articles posted

Feb 5, 2013

U.S. to sue S&P over precrisis ratings

The U.S. Justice Department plans to sue Standard & Poor’s over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday. The suit, according to S&P, targets its 2007 ratings of certain collateralized debt obligations (CDOs), packages of mortgages sold ...

Feb 5, 2013

Parisian belles can wear pants

Women in Paris can finally wear trousers without fear of criminal prosecution after the government said a more than 200-year-old ban no longer has any legal effect. Minister of Women’s Rights Najat Vallaud-Belkacem, , said that the ban, imposed in 1800, is incompatible with ...

Feb 5, 2013

Dollar falls back below ¥92.20

The dollar fell back below ¥92.20 in Tokyo trading Tuesday on the heels of a slump by the euro versus both the dollar and the yen on revived concerns about European fiscal problems. At 5 p.m., the dollar was quoted at ¥92.19-21, down from ...

Alabama cops rescue boy, 5, held in bunker; abductor dead

Feb 5, 2013

Alabama cops rescue boy, 5, held in bunker; abductor dead

Officers stormed an underground bunker in Alabama where a 5-year-old boy had been held hostage for nearly a week, rescuing the child and leaving the boy’s abductor dead, officials said Monday. Steve Richardson with the FBI’s office in Mobile, Alabama, said at a news ...

Recycling gives trashed cigarette butts new life

Feb 5, 2013

Recycling gives trashed cigarette butts new life

Recycling entrepreneur Tom Szaky is stubbing out the world’s cigarette problem — one butt at a time. The 30-year-old who dropped out of Princeton University to start his innovative firm, TerraCycle, in Trenton, New Jersey, says there is no such thing as trash, even ...

Canada begins phasing out its ‘nuisance coin’

Feb 5, 2013

Canada begins phasing out its ‘nuisance coin’

Canada started phasing out its penny, the nuisance coins that clutter dressers and cost more than their one-cent value to produce. The Royal Canadian Mint on Monday officially ended its distribution of pennies to financial institutions. Finance Minister Jim Flaherty announced last year they ...

Feb 5, 2013

Video shows U.S. city under attack

North Korea, poised to conduct a nuclear test any day now, has posted a video on YouTube depicting a U.S. city resembling New York engulfed in flames after an apparent missile attack. The footage was uploaded Saturday by the North’s official website, Uriminzokkiri, which ...

Feb 5, 2013

Nikkei winning streak snapped by profit-taking

Stocks retreated sharply Tuesday, dragged down by selling to cash in gains after the recent surge. The Nikkei 225 average closed down 213.43 points, or 1.90 percent, at 11,046.92. On Monday, the key market gauge climbed 69.01 points. The Topix fell 16.05 points, or ...

Feb 5, 2013

Dow falters in its worst day of year

The U.S. stock market closed out its worst day so far this year, bringing the Dow average back below 14,000. The drop, which erased 129 points from the Dow Jones industrial average, came on the first trading day after the index closed above 14,000 ...

Malala releases first public statement

Feb 5, 2013

Malala releases first public statement

In her first public statement released Monday, Malala Yousufzai, the Pakistani schoolgirl shot in the head by the Taliban for campaigning for girls’ educational rights, said she is “getting better day by day.” The 15-year-old said she has been given a “second life” to ...

Modern-day science reveals secrets of past millenniums

Feb 5, 2013

Modern-day science reveals secrets of past millenniums

The identification of King Richard III’s skeleton is the latest coup by forensic scientists who use radiocarbon-dating, DNA analysis, 3-D scanning and other high-tech tools to unlock the secrets of the long dead. Other famous cases include: “Oetzi” the Iceman: In 1991, hikers in ...

Feb 5, 2013

North Korea may detonate multiple nukes in test

President Lee Myung Bak believes North Korea could detonate multiple devices when it goes ahead with a nuclear test expected in the coming weeks or even days. In an interview published Tuesday in the Chosun Ilbo daily, the outgoing president also acknowledged the huge ...

Feb 5, 2013

China’s thick smog settling over Japan

The suffocating smog that blanketed swathes of China is now hitting parts of Japan, sparking warnings Monday of health risks for young people and those in poor health. The environment ministry’s website has been overloaded by worried people trying to determine what exactly is ...