• Privacy challenges

    In this week’s issue of the journal Science, MIT researchers report that just four fairly vague pieces of information — the dates and locations of four purchases — are enough to identify 90 percent of...
  • Katy Perry to Super Bowl fans: Buy my stuff, now

    Katy Perry to Super Bowl fans: Buy my stuff, now

    Katy Perry will sell a range of merchandise over social media during her half-time show at the Super Bowl. Photo by Neil Lupin/Getty Images Are you ready for some shopping? That could be the subtext...
  • China eyes food safety, modern farms in 2015 rural policy

    BEIJING (Reuters) – China has listed food safety and modernizing farms as among key priorities this year, its 2015 rural policy outline showed, as it tackles falling agricultural productivity that has raised concerns about its...
  • Greece debt talks ‘must help Europe’

    Greece debt talks ‘must help Europe’

    1 February 2015 Last updated at 19:44 The economist-turned-finance minister seeking to renegotiate Greece’s huge debt obligations says his priority is the well-being of all Europeans and has ruled out accepting more bailout cash. After...
  • Obama plans tax on overseas profits

    Obama plans tax on overseas profits

    1 February 2015 Last updated at 20:17 President Barack Obama will present his latest budget on Monday US President Barack Obama plans to close a tax loophole that allows US firms to avoid paying taxes...
  • Pupils ‘must know times tables by 11′

    Pupils ‘must know times tables by 11′

    1 February 2015 Last updated at 15:17 Please turn on JavaScript. Media requires JavaScript to play. Education Secretary Nicky Morgan: “If we don’t get it right at primary, then it becomes much harder for children...

Headline News

  • Obama plans tax on overseas profits


    1 February 2015 Last updated at 20:17 President Barack Obama will present his latest budget on Monday US President Barack Obama plans to close a tax loophole that allows US firms to avoid paying taxes on overseas profits, the White House says. His 2016 budget will impose a one-off 14% tax on US profits stashed overseas, as well as a 19% tax on any future profits as they are earned. The $238bn (£158bn) raised will be used to fund road projects in the US. The proposal is one of the main components of Mr Obama’s latest budget, due to be presented on Monday. The spending plan, including the proposal on overseas profits, would require approval from the Republican-controlled Congress to be made law, something seen as unlikely. Research firm Audit Analytics calculated last April that US firms in total have $2.1 trillion-worth of profits stashed abroad. It found US conglomerate General Electric had the most …

    February 1, 2015 2:35 pm
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Politics

  • Obama targets foreign profits with tax proposal, Republicans skeptical


    WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday. Reviving a long-running debate about corporate tax avoidance, Obama will target a loophole that lets companies pay no tax on earnings held abroad, the White House said. But his proposal was certain to encounter stiff resistance from Republicans. In his budget plan to be unveiled on Monday, Obama will call for a one-time, 14 percent tax on an estimated $2.1 trillion in profits piled up abroad over the years by multinationals such as General Electric (GE.N), Microsoft (MSFT.O), Pfizer Inc (PFE.N) and Apple Inc (AAPL.O). He will also seek to impose a 19 percent tax on U.S. companies’ future foreign earnings, the White House said. At present, those earnings are supposed …

    February 1, 2015 2:56 pm
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Stocks

  • Here are the drivers of future economic growth


    The American economy is reinventing itself. Gone are the days of excessive leverage and the dominance of Wall Street. Gone are the days when the stock market –and U.S. economy — had to be led by banks. “The U.S. economy is transitioning from a financial services economy into something much more real,” said Meredith Whitney, the former star Wall Street analyst who now helps run a hedge fund. As the stock market turns the page on its worst month in a year, the ongoing economic transformation leaves investors wondering: If not banking, where are these “real” drivers of future economic growth? Related: January was a terrible month for stocks Biotech boom: Health care certainly seems to be one driver. The industry, a big winner in the stock market over the past year, has benefited from the shifting demographics of the U.S. population. “The only way to support the influx of aging and newly-insured participants is …

    February 1, 2015 1:14 pm
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Sports

  • New York Giants football matriarch Ann Mara dies at 85


    NEW YORK (Reuters) – Ann Mara, matriarch of the National Football League’s New York Giants franchise, died at age 85 from complications from a head injury after she slipped on ice, her family said on Sunday. Mara, together with her 11 children, inherited a 50 percent interest in the Giants when her husband, Wellington, died a decade ago at age 89. In 1925, Tim Mara, Wellington’s father, purchased the Giants, now one of the oldest and most storied teams in the NFL, for $500. “She has been the leader of our family in every way, and we will miss her dearly,” her oldest son, John Mara, the franchise’s president and chief executive, said in a statement. The announcement came on Super Bowl Sunday, the day when the NFL stages its championship game. The Giants have won four Super Bowls over the years, as well as four more NFL championships before the Super Bowl era began …

    February 1, 2015 2:35 pm
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World News

  • Greece debt talks ‘must help Europe’


    1 February 2015 Last updated at 19:44 The economist-turned-finance minister seeking to renegotiate Greece’s huge debt obligations says his priority is the well-being of all Europeans and has ruled out accepting more bailout cash. After talks with his French counterpart, Yanis Varoufakis said a new debt deal was needed within months. Michel Sapin said France was ready to help Greece settle with its creditors. Greece’s leftist anti-austerity Syriza party won last Sunday’s election with a pledge to write off half the debt. Greece still has a debt of €315bn – about 175% of gross domestic product – despite some creditors writing down debts in a renegotiation in 2012. Beginning his first swing around European capitals and finance hubs in Paris, Mr Varoufakis is to travel next to London and Rome for more talks. His comments follows remarks on Saturday by new Greek PM Alexis Tsipras, who said he was confident Greece could reach a deal …

    February 1, 2015 2:35 pm
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Technology

  • Katy Perry to Super Bowl fans: Buy my stuff, now


    Katy Perry will sell a range of merchandise over social media during her half-time show at the Super Bowl. Photo by Neil Lupin/Getty Images Are you ready for some shopping? That could be the subtext of Katy Perry’s half-time show during Sunday’s Super Bowl, as she pitches a range of merchandise over social media. The singer, partnering with Universal Music Group and half-time sponsor Pepsi, will promote and sell Perry-branded items on Twitter, YouTube, Shazam, and Internet-linked devices from Roku, Samsung and LG Electronics, according to a report from Variety. Twitter users who include @Visa and @Pepsi in their tweets will be able to buy Perry’s merchandise by clicking on the social media network’s Buy Now function. Perry fans jonesing for Perry paraphernalia can also buy her whatnots by turning to the singer’s Vevo channel on YouTube or using the Shazam smartphone app to track her songs during the live half-time performance. Beyond that, shoppers …

    February 1, 2015 2:56 pm
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Science

  • Privacy challenges


    In this week’s issue of the journal Science, MIT researchers report that just four fairly vague pieces of information — the dates and locations of four purchases — are enough to identify 90 percent of the people in a data set recording three months of credit-card transactions by 1.1 million users. When the researchers also considered coarse-grained information about the prices of purchases, just three data points were enough to identify an even larger percentage of people in the data set. That means that someone with copies of just three of your recent receipts — or one receipt, one Instagram photo of you having coffee with friends, and one tweet about the phone you just bought — would have a 94 percent chance of extracting your credit card records from those of a million other people. This is true, the researchers say, even in cases where no one in the data set is identified by …

    February 1, 2015 2:57 pm
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Health

  • China eyes food safety, modern farms in 2015 rural policy


    BEIJING (Reuters) – China has listed food safety and modernizing farms as among key priorities this year, its 2015 rural policy outline showed, as it tackles falling agricultural productivity that has raised concerns about its future food supply. The “number one document”, issued every January and released by state news agency Xinhua on Sunday, showed China will also protect farmland and lend more to farmers to narrow a wealth gap between rural and urban areas. Attempts to clean up land that has been damaged by heavy metal mining and processing will be widened this year, and “permanent farmland” that is off-limit to industrial and urban development will be created, the document said. Modern farms will be set up, and regulation of the quality of food and other farm products will be enhanced, it said. On land reforms, aimed at allowing farmers to trade their land to alleviate poverty and create bigger and more efficient farms, …

    February 1, 2015 2:56 pm
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Entertainment

  • Justin Timberlake Kisses Pregnant Wife Jessica Biel’s Baby Bump


    Posted on Sun Feb 1st, 2015 8:48am PDT       By X17 Staff Justin Timberlake gave fans the first confirmation that wife Jessica Biel, 33, is pregnant, with this adorable Instagram of the former N’Syncer kissing his wife’s baby bump. Timberlake captioned the pic: “Thank you EVERYONE for the Bday wishes! This year, I’m getting the GREATEST GIFT EVER. CAN’T WAIT.” Justin recently celebrated his 34th birthday but it looks like his biggest gift is still a surprise. He hashtag’d the snap: “#BoyOrGirl #YouNeverKnow #WeDontEvenKnow #WeAreTakingBets.”   Stories from around the Web

    February 1, 2015 11:14 am
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Editorial

  • Obama, Netanyahu and Iran: Why Israel’s leader won’t back down on Congress speech


    Israeli Prime Minister Benjamin Netanyahu has been invited by House Speaker John Boehner to address a joint session of Congress. It will be an occasion for Netanyahu to deliver his views on the nuclear deal with Iran that the White House and its European partners are attempting to craft. It is a deal Netanyahu does not like or trust. President Obama wants the speech canceled. He has made it clear that he won’t meet with Netanyahu. His senior officials are telling journalists, off the record, that a speech by Bibi could wreck Israeli-American relations, leave the Jewish state friendless and veto-less at the U.N. and unprotected from the aggression of the ayatollahs in Tehran. ADVERTISEMENT ADVERTISEMENT Unlike the American president, Bibi can’t afford to simply hope for the best. For almost two decades he has been obsessed with what could happen to his country if the ayatollahs get their hands on the strategic weapons to carry out their deranged …

    January 31, 2015 2:39 pm
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Odd News

  • Secretary of State Kerry fined for not shoveling by Boston home


    BOSTON (Reuters) – U.S. Secretary of State John Kerry was slapped with a $50 fine for failing to have a side street adjoining his Boston home shoveled following the blizzard that dropped more than 2 feet (60 cm) of snow on Massachusetts this week, a spokesman said on Friday. The fine was issued on Thursday after a snow-removal company hired by Kerry and his neighbors in the city’s historic Beacon Hill neighborhood saw yellow tape blocking the sidewalk alongside the home and thought it was related to security for the top U.S. diplomat. The tape had been put up to warn pedestrians of falling ice and snow, said Kerry’s spokesman, Glen Johnson. “Once they understood that they were allowed to enter the area, the contractors finished the sidewalk late Thursday morning,” he said. Kerry was in Saudi Arabia with President Barack Obama to attend the funeral of King Abdullah and meet with his successor, King …

    January 30, 2015 10:31 pm
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