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  • Gensler Calls for New CDS Rules
    The CFTC chairman said the U.S. could adopt new regulations for credit-default swaps, the derivative often blamed for the near-collapse of AIG during the financial crisis.
  • EU Considers Ban on Some CDS Trades
    The EU is considering an outright ban on speculative derivative trades, including credit default swaps, that have been blamed for worsening the debt crisis in Greece.
  • Papandreou: No Request for U.S. Help
    Greek Prime Minister George Papandreou said he discussed a European proposal to crack down on financial-market speculation with Obama and received a "very positive" response.
  • Ingersoll-Rand Prohibits Sales in Iran
    The industrial-equipment maker prohibits non-U.S. subsidiaries from selling products to customers in Iran, following similar moves by Caterpillar, GE and Siemens.
  • Barclays on the Hunt in the U.S.
    The U.K. bank is seeking a retail lender that would give it more deposits and extend the presence of Barclays Capital in the U.S.
Der Spiegel
  • An Economic Fire Department for Brussels: The Trouble with Calls for a European Economic Fund
    A handful of European leaders want to move swiftly to create their own European take on the International Monetary Fund. The idea is to be able to independently address financial crises like that being experienced in Greece without the embarassment of turning to the IMF. But the move would be highly risky for everyone involved and could even paralyze the European Union.
  • Picture This: Cleaning Time
  • Tribulations at Toyota: The Search for the Gas Pedal Flaw
    Toyota has recalled millions of vehicles due to reports of sticking gas pedals and unintended acceleration. But finding out exactly what causes the problem has proven difficult. An explanation for why most of the accidents have occurred in the US has likewise proven elusive.
  • Built on a Lie: The Fundamental Flaw of Europe's Common Currency
    The euro is under attack like never before, as the promises on which it was based turn out to be lies. Hedge funds are speculating against Greek debt, while euro-zone politicians work behind the scenes to cobble together rescue packages. But fundamental flaws in the monetary union need to be fixed if Europe's common currency is to survive. By SPIEGEL staff.
  • Interview with Iraq Expert Brian Katulis: Americans Need 'to Just Simply Let Go'
    High turnout in the recent Iraqi election is fueling hope that stability in the war-torn country may not be far off. But the challenges Iraq faces are still considerable. In a SPIEGEL ONLINE interview, Iraq expert Brian Katulis warns that the country must act decisively to ensure its own future before the United States finishes its planned withdrawal in 2011.
CNN
  • Missing executive's body found in river, police say
    The body of a missing energy executive was pulled from the Mississippi River in New Orleans on Tuesday, four days after he disappeared, police said.
  • Obama, Greek leader meet
    Global financial reform is expected to top the agenda Tuesday as President Obama huddles with Greek Prime Minister George Papandreou, whose country is at the center of Europe's debt crisis.
  • Man pleads guilty in Letterman case
    A CBS news producer accused of trying to blackmail comedian David Letterman pleaded guilty to second-degree grand larceny at a hearing Tuesday.
  • U.S.: Terror charges for 'Jihad Jane'
    A Pennsylvania woman has been indicted for conspiracy to provide material support to terrorists and kill a person in a foreign country, the Justice Department announced Tuesday.
  • Police: Ohio State shooter killed himself
    A gunman apparently angry over a poor evaluation entered an Ohio State University maintenance building today, killing a manager and then himself, police said.
Washington Times
  • Chile quake moved cities roughly 10 feet
    WASHINGTON — The Earth really did move during the massive Chile quake: Researchers say cities and islands physically shifted west a bit. Thanks to GPS, scientists at Ohio State University and the University of Hawaii found that the city of Concepcion moved at least 10 feet to the west. It is the nearest major city to last month's quake, Chile's capital, Santiago, moved just shy of a foot, and even Buenos Aires, in Argentina, moved an inch. The Falkland Islands also went a tad west. Researcher Ben Brooks said this happens with every quake, but usually it is too small ...

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  • Lincoln opposes fast-track health bill
    A moderate Democrat insisted Tuesday she remained opposed to pushing a health care bill through the Senate with a simple majority vote, despite saying she wanted to see what was in the legislation. Sen. Blanche Lincoln, Arkansas Democrat, who is facing a more liberal Democratic primary challenger as well as GOP opposition, said those comments didn't represent a change of heart on her stance against the controversial majority-vote procedure known as "reconciliation." "I don't support reconciliation. All I said was I want to see what's in it," M rs. Lincoln told reporters outside the Senate floor. She walked quickly into ...

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  • Feds to probe runaway Prius in Calif.
    EL CAJON, California (AP) -- Federal officials are sending two investigators to California to determine what caused a Toyota Prius to race out of control on a San Diego-area freeway. A spokeswoman for the U.S. Department of Transportation said Tuesday that the National Highway Traffic Safety Administration will try to determine what caused the incident. Driver James Sikes sped along Interstate 8 for 20 minutes Monday before a Highway Patrol officer helped slow down the car. CHP Officer Brian Pennings says the 2008 Prius was towed to a Toyota dealership in El Cajon -- presumably for inspection. The incident took ...

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  • Producer admits to Letterman blackmail
    NEW YORK — A television producer admitted Tuesday to trying to shake down late-night TV host David Letterman in a case that bared the late-night icon's affairs with staffers, avoiding a long prison sentence by pleading guilty in exchange for six months in jail and community service. Robert "Joe" Halderman, 52, entered the plea in a Manhattan court to attempted grand larceny after being accused of demanding $2 million to keep quiet about the late-night comic's workplace love life. Halderman, a producer for CBS' "48 Hours Mystery," had mined information from reading his then-girlfriend's diary entries about her relationship with ...

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  • Ohio State: Employee kills co-worker, then self
    COLUMBUS, Ohio -- A new Ohio State University custodial employee who received a bad job evaluation shot two co-workers in a campus maintenance building, killing one of them, and then fatally shot himself, officials said Tuesday. Nathaniel Brown, who was hired in October, arrived for work at the nation's largest university in dark clothing with two handguns in a backpack, campus Police Chief Paul Denton said. Chief Denton described the shooting as work-related and said Mr. Brown recently had received a poor performance evaluation, though he declined to say whether that was the motive. No students were hurt and classes ...

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Pravda
  • Traces of Cocaine Found on 99 Percent of British Bank Notes
    Cocaine is cheaper than a cup of coffee in a London restaurant, authors of the parliamentary report made to estimate the government’s struggle against the import of heavy drugs in the country said. The price of one done reaches 2 pounds sterling, which means that the price of one gram of cocaine has lost 50 percent of its value during the recent decade
  • Looking for Fascism? Welcome to Europe!
    An extremist website in Latvia (one of the three Baltic States, a former Soviet republic), posted a message urging all Russians to leave the country voluntarily for their own safety. The message triggered yet another national hatred scandal. "Russians go to Russia! Stop stealing our wages! I am being fired because of Russians! Save your friend, kill a Russian," a Latvian blogger wrote.
  • Avatar Offers the Challenge to Others after Oscar Nominations
    Cameron's Avatar should not be regarded as loser among Oscar-winning nominees as, first of all, it personifies progress in filmmaking and jury appraisal.
  • Jeff Bridges Grabs Long-Awaited Oscar
    Jeff Bridges, the affable and well-liked star of "Crazy Heart," won the best actor Academy Award Sunday night, an honor that has eluded him four times before. His first nomination came nearly 40 years ago in 1971.

  • At least 51 people fell victims to an earthquake of 6.0 magnitude struck early Monday in eastern Turkey, officials in the region said.