US, UK shareholders 'now to pay if bank fails'

LONDON: British and US banking regulators proposed on Monday a joint strategy to ensure that the bankruptcy of big banks won't spark a chain reaction of contagion throughout markets.The two bodies, acting on behalf of the two largest financial centres in the world, stressed that under the proposals, shareholders and not taxpayers would bear the full costs, and top managers would be sacked.At...

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DJs 'heartbroken' and 'sorry' over prank gone wrong

STORY HIGHLIGHTSMichael Christian says he's "gutted, shattered and heartbroken"It's "gut-wrenching" that the prank apparently led to nurse's suicide, Mel Greig saidPair says decision to air recorded prank call was not theirs(CNN) -- The two Australian radio personalities who made the prank phone call to a British hospital where the pregnant Duchess of Cambridge was admitted expressed deep remorse...

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N. Korea extends rocket launch window a week

SEOUL, South Korea North Korea on Monday extended the launch period for a controversial long-range rocket by another week, until Dec. 29, citing technical problems. An unidentified spokesman for the North's Korean Committee of Space Technology told state media scientists found a "technical deficiency in the first-stage control engine module of the rocket." The statement didn't elaborate, but said...

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Royal Hoax: DJs 'Shattered' After Nurse's Suicide

The two Australian radio DJs who prank-called the London hospital where Kate Middleton was being treated last week said they were "shattered" and "gutted" after the nurse who answered their call apparently killed herself.Shock jocks Mel Greig, 30, and Michael Christian, 25, cried as they spoke to Australia's Channel 9 overnight in their first public interview since Jacintha...

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Female lemurs avoid the wrong love in the dark

IT IS the ultimate voice-recognition system. Without ever meeting him, a female lemur still knows the call of her father. The ability to identify family members is important to avoid inbreeding. For large-brained mammals like apes that engage in complex...

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Mandela "comfortable" after night in hospital

JOHANNESBURG: Nelson Mandela is comfortable, after a restful night in hospital for tests, the South African government said Sunday as the former president spent his second day in hospital.President Jacob Zuma visited the country's first black president and said he had found him "comfortable, and in good care."It was the second time the 94-year-old and increasingly frail Mandela had been...

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Lagarde warns of 'zero' growth

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Authors exercise their "write" to self-publish

(CBS News) Even John Lennon - a Beatle - needed a publisher for his first book, "In His Own Write," back in 1964. Today authors nobody ever heard of can publish their OWN work all by themselves . . . IN THEIR OWN WRITE, as it were. Our Cover Story is reported now by Rita Braver: Richard Paul Evans went from a 700-square-foot Salt Lake City house to a much larger one, all because of a little tale...

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Colorado Springs Doctor Rescued from Taliban

Dec 9, 2012 6:34am ABCThe American doctor rescued from the Taliban in Afghanistan Saturday by U.S. Special Operations Forces is the medical adviser for a Colorado Springs NGO, his employer confirmed today.Dr. Dilip Joseph and two colleagues were kidnapped by a group of armed men while returning from a visit to a rural medical clinic in eastern Kabul Province, according...

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