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After Years in Solitary, an Austere Life as Uruguay’s President

MONTEVIDEO, Uruguay — Some world leaders live in palaces. Some enjoy perks like having a discreet butler, a fleet of yachts or a wine cellar with vintage Champagnes. Then there is José Mujica, the former guerrilla who is Uruguay’s president. He lives in a run-down house on Montevideo’s outskirts with no servants at all. His security detail: two plainclothes officers ...

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Atom smasher’s hiatus sets stage for more discovery

GENEVA: The world’s largest and most powerful atom smasher goes into a two-year hibernation in March, as engineers carry out a revamp to help it reach maximum energy levels that could lead to more stunning discoveries following the detection of the so-called “God particle.” With the reopening of its $10 billion proton collider in 2015, the stage will be set ...

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Trillion Dollar Coin To Wipe Out U.S. Debt

The employment situation was relatively unchanged (155K jobs vs. 155K expected and prior 148K), while the unemployment rate inched higher (7.8% vs. 7.8% expected and prior 7.7%) The underemployment data showed conditions still at 63.6% or 14.4%, that isn’t good, frankly. Secretary of Labor Linda Soldis expounded on the data by spinning, "…we created jobs by paying people not to ...

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Analysis: Why Google North Korea visit irks US

WASHINGTON — Google chief Eric Schmidt's plan to visit North Korea has put the Obama administration in the awkward position of opposing a champion of Internet freedom engaging with one of the most intensely censored countries. But the Obama administration is wary for a reason: It fears Schmidt's trip could give a boost to North Korea's young leader, Kim Jong ...

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Wall Street Takes Job Report in Stride

Wall Street opened quietly on Friday after a report showed the pace of hiring by American employers continued in December. The Standard & Poor’s 500-stock index was up 0.2 percent in morning trading. The Dow Jones industrial average gained 0.1 percent, and the Nasdaq composite index slipped 0.1 percent. Though the jobs data showed that lackluster economic growth was unable ...

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Three New York police officers shot in two separate incidents

NEW YORK — Three New York police officers are recovering Friday from gunshot wounds suffered in two separate incidents, including one on a subway train that began when officers stopped a man who illegally walked between subway cars. The gunman in the subway incident was shot and killed by one of the officers. The alleged shooter in the other incident, ...

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From Anti-Inflation To Pro-Inflation

With the release of the Fed minutes yesterday, some commentators (such as Steve Goldstein of Marketwatch) came to the conclusion that the Fed is running out of bullets: To put it differently: the Fed thinks the economy isn’t that great and there’s very little inflation to worry about, but its primary program to improve the economy doesn’t do very much. ...

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Gerard Depardieu granted Russian citizenship by Vladimir Putin

Gerard Depardieu now has Russian citizenship, courtesy of President Vladimir Putin, who Thursday delivered on a promise made a couple of weeks ago. Russia’s main state-run TV station broadcast an open letter reportedly from the “Green Card” star (via the ), saying, “I filed a passport application and I am pleased that it was accepted. I love your country, Russia ...

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  Justice Department And Transocean Reach a $1.4 Billion Settlement Over Gulf Oil Spill

Posted: January 3, 2013 New Orleans, LA – A series of government probes has doled out blame for the nation’s worst offshore oil spill among corporate giants BP, Transocean, and Halliburton. Thursday the US Justice Department reached a $1.4 billion settlement with Transocean Ltd., owner of the drilling rig Deepwater Horizon, that caused the massive 2010 Gulf of Mexico oil ...

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