• Citi: Fear the ‘oilmageddon’ recession

    Citi: Fear the ‘oilmageddon’ recession

    Financial markets are trapped in a “death spiral,” according to analysts at Citigroup. The bank’s research team described a “negative feedback loop” in the global economy and across financial markets. It is fueled by strong...
  • New York orders probe after radioactive leak at reactor

    A nuclear power plant north of New York City has leaked water contaminated with radioactive tritium into the groundwater below the facility, sparking an investigation by state officials, Governor Andrew Cuomo said on Saturday. Cuomo...
  • Syrian president’s mother dies aged 86

    Syrian president’s mother dies aged 86

    Image copyright SANA Image caption Anisa Assad is survived by three of her five children The mother of Syrian President Bashar al-Assad, Anisa, has died at the age of 86 in the capital Damascus, his...
  • Unlucky numbers and unlikely wins

    Unlucky numbers and unlikely wins

    Gary Hooper (centre) celebrates scoring the wining goal for Sheffield Wednesday at Birmingham City It was a wet day for much of England, resulting in seven games being called off before a ball was kicked....
  • Channel rescue for migrants in dinghy

    Channel rescue for migrants in dinghy

    Image copyright AP Image caption Migrants have used inflatable dinghies like this one to cross from Turkey to Greece French coastguards have rescued four migrants who were found trying to cross the Channel in an...
  • Rutherford sets British indoor record

    Rutherford sets British indoor record

    Rutherford has an outdoor personal best of 8.51m set at Chula Vista, California, in 2014 Olympic champion Greg Rutherford has set a British indoor long jump record of 8.26m at a collegiate meeting in Albuquerque,...
  • CM Punk Freaks Out On A Reporter For WWE Questions

    CM Punk Freaks Out On A Reporter For WWE Questions

    Former WWE wrestler CM Punk signed with the UFC in 2014 after a really bad breakup with the wrestling company. And, he doesn’t want to talk about it. Complex reporter Kevin Wong learned that the hard way when...

Headline News

  • New York orders probe after radioactive leak at reactor


    A nuclear power plant north of New York City has leaked water contaminated with radioactive tritium into the groundwater below the facility, sparking an investigation by state officials, Governor Andrew Cuomo said on Saturday. Cuomo said he learned on Friday of “alarming” levels of radioactivity at three monitoring wells at the Indian Point plant in Buchanan, about 40 miles (65 km) north of New York City on the east bank of the Hudson River. The governor has previously asked the Nuclear Regulatory Commission to shut down the plant because of doubts over the safe evacuation of the area in the event of an accident. Cuomo said in a statement the plant’s operator, Entergy Corp, has informed him the contaminated water has not migrated off the site and poses no public health risk. The governor said he has directed the state departments for the environment and health to investigate the leak. “Our first concern is for …

    February 6, 2016 6:06 pm
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Politics

  • Factbox: What will be in Obama’s final budget proposal?


    President Barack Obama is set on Tuesday to unveil his budget proposal for fiscal year 2017, his final year in office. But since the Republican-controlled Congress controls the purse strings, much of Obama’s plan likely will be shelved. The following are some of the proposals that will be included: PENTAGON The Pentagon will ask for more than $7 billion for the fight against Islamic State, up about 35 percent from the previous year’s budget request to Congress, and wants a fourfold increase for military training and exercises in Europe to support NATO allies. TAX ON OIL In a long-shot bid to raise $20 billion to expand transit systems and research self-driving cars, Obama will propose a $10-a-barrel tax on crude oil. RENEWABLE ENERGY FUNDING Obama will seek a 20-percent boost for renewable energy research funding to a total of $7.7 billion. TAX CREDIT FOR BUSINESSES WORKING WITH COLLEGES Obama will propose a $2.5 billion tax …

    February 6, 2016 4:25 pm
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Stocks

  • Citi: Fear the ‘oilmageddon’ recession


    Financial markets are trapped in a “death spiral,” according to analysts at Citigroup. The bank’s research team described a “negative feedback loop” in the global economy and across financial markets. It is fueled by strong dollar, lower commodity prices, weak trade and declining growth in emerging markets. The four forces are interconnected and present central banks with the difficult task of fighting deflation and staving off another global downturn, the bank said in a report, released Friday. If the loop continues, Citi warns, the world could slip into “significant and synchronized” global recession. The bank even invented a new term for its doomsday scenario: “oilmageddon.” “It seems reasonable to assume that another year of extreme moves in USD (higher) and oil/commodity prices (lower) would likely continue to drive this negative feedback loop,” analysts Jonathan Stubbs, Ayush Tambi and Nikhil Jadhav wrote. “Corporate profits and equity markets would also likely suffer further downside risk in this …

    February 6, 2016 6:46 pm
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Sports

  • Unlucky numbers and unlikely wins


    Gary Hooper (centre) celebrates scoring the wining goal for Sheffield Wednesday at Birmingham City It was a wet day for much of England, resulting in seven games being called off before a ball was kicked. BBC Sport takes a closer look at what happened in the matches that did go ahead and one that maybe should have. The inescapable curse of the number 17 Leeds United chairman Massimo Cellino does not like the number 17. The superstitious Italian believes the number brings bad luck and during his time as owner of Italian side Cagliari had all the number 17 seats replaced with 16b. With that in mind, the front cover of the Leeds United programme today welcomed fans to home game number 16b of the season. The front cover of the Leeds programme for Saturday’s game against Nottingham Forest Sadly for Cellino and Leeds fans, renaming the fixture did not have the desired result as …

    February 6, 2016 6:06 pm
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World News

  • Syrian president’s mother dies aged 86


    Image copyright SANA Image caption Anisa Assad is survived by three of her five children The mother of Syrian President Bashar al-Assad, Anisa, has died at the age of 86 in the capital Damascus, his office announced. The former first lady and widow of former President Hafez al-Assad died in hospital, the presidency tweeted. Reports say she was ill for many years and travelled frequently to Germany for treatment before 2012, when she was blacklisted by the EU. Marrying Hafez in 1957, she had five children, three of them still alive. The rise of the Assads She was born into a wealthy family from Syria’s Alawite minority from Latakia and rarely appeared in public after her marriage. However, she is believed to have stayed close to Bashar and the other children. Image copyright Getty Images Image caption In this picture, taken around 1990, Syrian President Hafez al-Assad and his wife Anisa pose with their children …

    February 6, 2016 6:06 pm
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Technology

  • The ‘cultural desert’ of Silicon Valley finally gets its first serious art gallery


    Silicon Valley got its first major contemporary art gallery this week because Laura Arrillaga Andreessen – prolific art collector and heir to local real estate baron John Arrillaga – decided it was a little weird to have art sales in her house. “I didn’t come and say I’m going to make Silicon Valley like art. It just happened,” said Marc Glimcher, who runs the influential Pace Gallery and was in town to fete the opening of his new Menlo Park location. “In the beginning, Laura Arrillaga wouldn’t travel, so I would bring art to her house, and then her friends started wanting me to bring them art too. And she said, you know, it’s a little tacky to be doing this in my house, why don’t you use my dad’s old run down Tesla shop?” A Tesla building could only be considered “old” in Silicon Valley. There’s long been a truism that the Silicon Valley …

    February 6, 2016 4:45 pm
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Science

  • Motorboat noise gives predators a deadly advantage


    Related images(click to enlarge) A pioneering new study shows the rate fish are captured by predators can double when boats are motoring nearby. Professor Mark McCormick of the ARC Centre of Excellence for Coral Reef Studies at James Cook University was part of an international research team that found noise from passing motorboats increases stress levels in young coral reef fish and reduces their ability to flee from predators. As a consequence they are captured more easily and their survival chances are halved. It’s the first study to show that real-world noise can have a direct consequence on fish survival. “It shows that juvenile fish become distracted and stressed when exposed to motorboat noise and predators capitalise on their indecision”, said Professor McCormick. The team hope the findings will inspire better environmental noise management in coastal areas. “We found that when real boats were motoring near to young damselfish in open water, they became stressed …

    February 6, 2016 3:25 pm
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Health

  • More than 3,100 pregnant women in Colombia have Zika virus: government


    BOGOTA More than 3,100 pregnant Colombian women are infected with the mosquito-borne Zika virus, President Juan Manuel Santos said on Saturday, as the disease continues its rapid spread across the Americas. The virus has been linked to the devastating birth defect microcephaly, which prevents fetus’ brains from developing properly. There is no vaccine or treatment. There are so far no recorded cases of Zika-linked microcephaly in Colombia, Santos said. There are 25,645 people infected with the disease in Colombia, Santos said during a TV broadcast with health officials. Among them are 3,177 pregnant women. “The projection is that we could end up having 600,000 cases,” Santos said, adding there could be up to 1,000 cases of Guillain-Barre syndrome, a rare but serious condition that can cause paralysis and which some governments have linked to Zika infection. Santos said the government was now uncertain about a previous projection for up to 500 cases of Zika-linked microcephaly, …

    February 6, 2016 4:05 pm
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Entertainment

  • CM Punk Freaks Out On A Reporter For WWE Questions


    Former WWE wrestler CM Punk signed with the UFC in 2014 after a really bad breakup with the wrestling company. And, he doesn’t want to talk about it. Complex reporter Kevin Wong learned that the hard way when Punk became upset over some WWE questions during an interview.  Punk sat down for an interview with Wong last month at a New Jersey Devils’ hockey game. Wong says that Punk was agitated prior to the interview and showed no desire to speak with him. He continued on despite Punk’s attitude.   Wong asked if Punk ever considered returning to the WWE like former UFC heavyweight champion Brock Lesnar. Punk responded to Wong, saying.  I don’t feel like fielding questions about [the WWE]. I’ve been there, I’ve done that, and I’ve accomplished everything I was going to. Wong also asked him if he’s nervous to compete in a real sport, instead of one that is fake and pre-determined.  I get this question …

    February 6, 2016 5:06 pm
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Editorial

  • Clinton vs. Sanders: Hillary shows weakness but Bernie is no Barack Obama


    Imagine Hillary Clinton’s relief, come Wednesday morning, when she no longer has to grovel before New Hampshire’s famously prickly primary electorate. It means no credibility leapfrogging as in 2008 when, following a third-place humiliation in Iowa, she told a New Hampshire debate audience: “I’m running on 35 years of change.” Or, on Thursday night in Durham, New Hampshire, with Clinton repeatedly invoking the Bin Laden raid – be it her hard work on behalf of President Obama — or her hard work, post-Obama, on the speech circuit. About Thursday night’s Democratic debate – the only time Hillary Clinton and Vermont Sen. Bernie Sanders will meet before Tuesday’s Granite State primary, some observations: A Damsel. In Distress? Eight years ago in New Hampshire, Hillary’s back was against the wall: another decisive loss to Barack Obama and her campaign would come to an abrupt end. We remember it now as the week in which Hillary departed from …

    February 6, 2016 2:45 pm
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Odd News

  • Turkish army seizes parrots, budgies on Syria border


    ISTANBUL The Turkish army has confiscated 700 parrots and 294 budgerigars on the border with Syria, it said on Friday, as its tighter security measures ensnare what was once a thriving trade in domesticated birds. NATO member Turkey has stepped up security along its 900-km (560-mile) border with Syria as it tries to prevent foreign fighters joining Islamic State militants and defend itself against spillover from the country’s civil war. But the measures, including more frequent border patrols and reinforced fencing, have also shut off what was long a thriving illicit trade in goods including fuel, cigarettes, sugar and, it seems, birds. “They were generally bringing Sultan, Love and Paradise parrots. Here in Turkey a Paradise parrot goes for 1,000 lira, but they were bringing them over for 500,” said Mehmet Turan, a bird breeder in the Turkish border town of Reyhanli. “It’s the same for lovebirds. We were selling them at 25 lira retail, …

    February 5, 2016 11:43 pm
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