Headline News

  • Brookfield wins auction for bankrupt Revel Casino


    (Reuters) – Brookfield Asset Management has won the auction for Atlantic City’s bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90-million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said. Brookfield could not be reached for comment. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2. It was meant to be a Las Vegas-style resort, but its fine dining, striking design and entertainment did not catch on in a city that relies on bus tours and buffets. Revel Casino had agreed to use Straub’s initial bid to set the benchmark for other potential buyers. Straub had said he wanted to create a university at the site to attract the world’s brightest minds to tackle social problems such as hunger. He threatened …

    October 1, 2014 6:45 am
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Politics

  • Amid differences, Israel’s Netanyahu to seek reassurances from Obama on Iran


    WASHINGTON (Reuters) – President Barack Obama and Israel’s Benjamin Netanyahu meet for a new round in their often-tense relationship on Wednesday, facing differences over Iran diplomacy and Middle East peace efforts as well as complications from the U.S.-led fight against Islamic State militants. Hosting the Israeli prime minister in a brief visit to Washington, Obama is expected to try to find common ground with Israel, a traditionally close ally, on the most pressing issues but may have a difficult time narrowing the gap. Netanyahu has set Iran as his top priority in the White House talks. He will seek Obama’s assurance that he will stick to his pledge that “no deal is better than a bad deal” in Tehran’s nuclear talks with world powers aimed at reaching a final agreement in November, an Israeli official said. While Obama probably will try to ease Netanyahu’s suspicions about diplomacy with Iran, the U.S. president will stop short …

    October 1, 2014 4:03 am
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Stocks

  • Top 10 companies lobbying Washington


    Check out which companies are spending the most to be in Washington’s good graces. Influence peddling in Washington is about as old as the city itself. Financial and political pundits like to talk about how Corporate America’s money controls politics, yet few people can tell you which companies are the Beltway’s biggest benefactors and why they give so much. The long game: For most businesses, it’s all about the long game, according to Tim LaPira, a political science professor at James Madison University who studies lobbying and interest group politics. “If you invest in the long term, you have the lobbyists on the ground who are in the know, building relationships with policymakers, agency representatives,” he said. “When something comes up that effects their business planning, they’re in a good position to act.” Related: Elon Musk woos Congress with space ship What’s interesting is that spending more on lobbying doesn’t always boost stock performance. It …

    October 1, 2014 7:05 am
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Sports

  • India fumes at ‘robbery in the ring’ in Korea


    NEW DELHI (Reuters) – India’s media and the country’s boxing community both believe that L Sarita Devi was “robbed in the ring” by biased judges in her lightweight semi-final bout at the Asian Games in South Korea. Local favorite Park Ji-na was declared a unanimous 3-0 winner of Tuesday’s contest, surprising many in India, who felt Sarita had comprehensibly dominated the bout and should have advanced to the final in Incheon. As soon as the result was announced, Sarita’s husband Thoiba Singh launched an expletive-laden tirade at the judges, the Indian Express newspaper reported on Wednesday, referring to the verdict as a “Crying Shame”. Sarita lodged a protest against the outcome, which was rejected on the grounds that a boxer cannot challenge decisions. “We will accept the medal (bronze) at the ceremony but are planning to return it as a mark of protest,” Singh told the newspaper. At Wednesday’s medal presentation, Devi broke down in …

    October 1, 2014 6:45 am
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World News

  • Shell kills four at Donetsk school


    1 October 2014 Last updated at 12:18 Classroom windows were shattered in the attack on the playground of Donetsk’s school number 57 A shell has killed four people at a school in the rebel-held east Ukrainian city of Donetsk, on the first day of classes, officials and witnesses say. Another six people died when a minibus was hit elsewhere in Donetsk. No children were apparently hurt when the school playground was shelled but a biology teacher and a parent were among the dead, witnesses told Reuters. The school is 4km (2.5 miles) from Donetsk airport, where rebels have clashed with Ukrainian troops. A fragile ceasefire has been in place in eastern Ukraine since 5 September but the truce has frequently been violated. More than 100 schools and kindergartens have been damaged since clashes broke out in April Rebels have clashed with Ukrainian troops in recent days at Donetsk airport Pupils had only returned to school …

    October 1, 2014 6:45 am
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Technology

  • DVLA website buckles under pressure of new online vehicle tax renewals


    The DVLA’s new vehicle tax site has crashed due to the large volume of people attempting to renew their tax online after paper discs were abolished in favour of digital records. The site was experiencing more than 6,000 visits a minute at 9.43pm on Tuesday, according to the DVLA, but remained up but by Wednesday morning when the new rules came into effect it was overwhelmed. “We are currently experiencing high volumes of traffic to our online vehicle tax service please keep trying. Sorry for the inconvenience,” the DVLA said via its official Twitter account. The site labelled as a “beta” service despite alternatives to the new system not being in place, is part of the government’s new digital-first policy led by the Government Digital Service (GDS), which the head of the civil service declared was unlikely to change. The DVLA said that over 250,000 motorists had managed to renew their vehicle tax by 9.43pm …

    October 1, 2014 4:03 am
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Science

  • NASA’s Swift mission observes mega flares from a mini star


    Related images(click to enlarge) On April 23, NASA’s Swift satellite detected the strongest, hottest, and longest-lasting sequence of stellar flares ever seen from a nearby red dwarf star. The initial blast from this record-setting series of explosions was as much as 10,000 times more powerful than the largest solar flare ever recorded. “We used to think major flaring episodes from red dwarfs lasted no more than a day, but Swift detected at least seven powerful eruptions over a period of about two weeks,” said Stephen Drake, an astrophysicist at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, who gave a presentation on the “superflare” at the August meeting of the American Astronomical Society’s High Energy Astrophysics Division. “This was a very complex event.” At its peak, the flare reached temperatures of 360 million degrees Fahrenheit (200 million Celsius), more than 12 times hotter than the center of the sun. In April 2014, NASA’s Swift mission …

    October 1, 2014 4:23 am
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Health

  • Exclusive: India set to run out of critical free drug for HIV/AIDS program


    NEW DELHI (Reuters) – India could run out of a critical medicine in its free HIV/AIDS drugs program in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Missed dosages for long durations can increase patients’ drug resistance and result in faster spread of the virus, while changes in medication regimens expose patients to side effects. The supply crunch will be an embarrassment for the four-month-old government of Prime Minister Narendra Modi, who has promised to deliver more affordable and better health services. As drugs in the open market are expensive, the government provides more than one-third of India’s 2.1 million HIV/AIDS patients with free antiretroviral drugs that are procured from pharmaceutical companies via a tender process. Delays in approving such tenders has left the National AIDS Control Organisation (NACO) scrambling to secure supplies of tenofovir/lamivudine tablets that are prescribed to …

    October 1, 2014 4:03 am
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Entertainment

  • Diddy on Jennifer Lopez’s booty: "It’s a work of art"


    JLo and Iggy Azalea “Booty” video offends people with brains Diddy spoke with Access Hollywood this week about his former flame and a very special asset of hers. “Oh, my God. I’m so lucky to have that great woman in my history, she is one of the greatest I’ve ever seen,” Combs said. “Show them, J, go girl! Go girl!” JLo seems to understand the importance of her assets, as well — she shakes it in her new single, “Booty.” But Diddy didn’t stop there; he had a lot to say about that famous booty. “I mean, it’s great. It’s a work of art,” he said. “It’s something that will go down in history for real it will. But also her talent, her drive, her determination, she will never give up. She’s a great friend of mine, always will be my friend and, I mean, that thing is just incredible, man.” Although JLo’s backside is …

    October 1, 2014 5:44 am
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Editorial

  • Why I’m glad the NFL called an audible on Muslim prayer


    Sept. 29, 2014: Kansas City Chiefs free safety Husain Abdullah prays after intercepting a pass and running it back for a touchdown. (AP Photo/Ed Zurga) Sept. 29, 2014: Kansas City Chiefs free safety Husain Abdullah, left, gets up in the end zone after dropping to his knees in prayer as New England Patriots wide receiver Julian Edelman, right, walks past. (AP Photo/Charlie Riedel) It’s been said that football is the unofficial religion of America. And while that point might be debatable, there’s no denying the relationship between God and the Gridiron. From Dixie to the Dakotas, you can be certain find churches serving up plates of chicken and biscuits before the Friday night game or cheerleaders writing Bible verses on run-through banners. ADVERTISEMENT ADVERTISEMENT And it’s almost guaranteed there’s a Baptist preacher invoking the Almighty in a makeshift press box (provided some ill-tempered atheist doesn’t object.) If a Christian football player can pray after scoring touchdown, a …

    October 1, 2014 4:03 am
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Odd News

  • Silicon Valley man unwittingly invites fugitive into home amid manhunt


    (Reuters) – A Silicon Valley homeowner unwittingly welcomed a fugitive into his home and shared a meal with the wanted man as California law enforcement officers canvassed the neighborhood in a manhunt, police said on Tuesday. Police in Palo Alto launched the search after receiving an emergency call on Monday about a possible fraudulent bank transaction linked to a man wanted in Oklahoma for a sex crime with a minor, the city’s police department said. Officers tried to nab 35-year-old Dominique Tabb of San Francisco at the bank, but he hopped a fence and ran into a residential neighborhood where officers began a yard-to-yard search, Palo Alto Detective Sergeant Brian Philip said. A homeowner in his 60s saw Tabb in his yard with some minor scrapes, and Tabb told him that assailants had beaten him up and that he was trying to escape, police said. Believing his story, the homeowner invited Tabb into his home …

    October 1, 2014 12:17 am
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