• Orioles edge Angels again

    Baltimore, MD (SportsNetwork.com) – Adam Jones hit a two-run homer and Kevin Gausman pitched seven solid innings as the Baltimore Orioles edged the Los Angeles Angels of Anaheim, 4-3, in the middle test of a...
  • Argentine debt talks end in failure

    Argentine debt talks end in failure

    31 July 2014 Last updated at 02:45 Mr Kicillof said Argentina offered the holdouts similar terms Last-minute talks in New York between Argentina and a group of bond-holders to avoid the country defaulting on its...
  • ‘No deal’ in Argentine debt talks

    ‘No deal’ in Argentine debt talks

    31 July 2014 Last updated at 01:17 Mr Kicillof said Argentina offered the holdouts similar terms Argentina’s Economy Minister Axel Kicillof says “hold-out” investors have rejected an offer as the debt default deadline looms. With...
  • No deal: Argentina’s default is imminent

    No deal: Argentina’s default is imminent

      Argentina’s default is now imminent. Officials failed to come to an agreement with the country’s bondholders, despite hours of talks on Tuesday and Wednesday. It will be the country’s second debt default in 13...

Headline News

  • 1 killed after plane crashes in San Diego parking lot


    SAN DIEGO –  A small plane has crashed in a San Diego shopping center parking lot, killing one woman on board and injuring another. The single-engine Mooney M-20L went down around 5:30 p.m. Wednesday in a parking lot that serves a Costco and a Target store in the Kearny Mesa neighborhood. ADVERTISEMENT ADVERTISEMENT Police Lt. Steve Behrendt says the plane clipped the top of the Target store and knocked down a light pole before landing. The plane caught fire and Behrendt says the dead woman had serious burns. There’s no word on the other woman’s condition. Ian Gregor of the Federal Aviation Administration says the plane had bounced while landing at nearby Montgomery Field, continued westbound and crashed. Many witnesses tried to help, and fire officials say one of them suffered minor cuts and burns.

    July 30, 2014 9:40 pm
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Politics

  • Obama to Republicans: ‘Stop just hatin’ all the time’


    KANSAS CITY Mo./WASHINGTON (Reuters) – President Barack Obama took his criticism of congressional Republicans to a higher pitch on Wednesday, imploring them to “stop just hatin’ all the time” as they voted to sue him over charges he has overstepped the bounds of his office. In a party-line, 225-201 vote, the House of Representatives authorized the Republican-drafted lawsuit, which will focus on unilateral changes Obama has made to the Affordable Care Act, his signature health care law. All Democrats and five Republicans opposed the measure. On the House floor, Republican lawmakers reverently invoked America’s founders in accusing Obama of bypassing Congress. “This isn’t about Republicans and Democrats, it’s about defending the Constitution that we swore an oath to uphold,” said House Speaker John Boehner. But Obama, in a campaign-style speech, made fun of his political adversaries, laughing as he accused them of wasting time instead of addressing more pressing issues. “Stop being mad all the …

    July 30, 2014 7:58 pm
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Stocks

  • No deal: Argentina’s default is imminent


      Argentina’s default is now imminent. Officials failed to come to an agreement with the country’s bondholders, despite hours of talks on Tuesday and Wednesday. It will be the country’s second debt default in 13 years and could plunge the nation into turmoil. The crisis stems from a legal battle with a small group of “holdout” creditors that have demanded payment of about $1.5 billion on bonds they bought after the $144 billion default in 2001. That standoff has blocked payments to other creditors. Economy minister Kicillof met the “holdouts” for the first time in New York this week but said Wednesday that they rejected an offer he made. Now, the country may have to devalue its currency to preserve foreign currency reserves, and that could trigger a dangerous rise in inflation that is already projected to hit 40%. Standard and Poor has already lowered Argentina’s foreign currency rating. The peso has fallen by about …

    July 30, 2014 8:39 pm
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Sports

  • Orioles edge Angels again


    Baltimore, MD (SportsNetwork.com) – Adam Jones hit a two-run homer and Kevin Gausman pitched seven solid innings as the Baltimore Orioles edged the Los Angeles Angels of Anaheim, 4-3, in the middle test of a three-game set. Gausman (5-3) overcame a sticky fifth inning and lasted seven frames, allowing only three hits, three walks and three runs. Darren O’Day and Zach Britton each pitched an inning of relief as Baltimore collected its third straight win, including Tuesday’s 12-inning thriller. Chris Iannetta drove in two runs for the Angels, whose starter, Garrett Richards (11-4), was tagged for four runs on six hits over seven innings. Richards had his seven-decision winning streak stopped his last time out and put himself in a hole Wednesday when Jones took him deep in the opening frame. Manny Machado, who snapped the Angels’ three-game winning streak with a walkoff homer on Tuesday, singled ahead of Jones’ 21st home run of the …

    July 30, 2014 9:40 pm
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World News

  • Argentine debt talks end in failure


    31 July 2014 Last updated at 02:45 Mr Kicillof said Argentina offered the holdouts similar terms Last-minute talks in New York between Argentina and a group of bond-holders to avoid the country defaulting on its debt have ended in failure. So-called “vulture fund” investors are demanding a full pay-out of $1.3bn (£766m) on bonds they hold. Argentina has said it cannot afford to do so, and has accused them of using its debt problems to make a big profit. A US judge set a deadline of 04:00 GMT on Thursday for a deal. The crisis stems from Argentina’s 2001 default. Late on Wednesday evening, Argentina’s Economy Minister Axel Kicillof said the investors had rejected the government’s latest offer. “Unfortunately, no agreement was reached and the Republic of Argentina will imminently be in default,” Daniel Pollack, the court-appointed mediator in the case, said in a statement on Wednesday evening. Continue reading the main story Analysis Katy …

    July 30, 2014 9:40 pm
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Technology

  • Samsung profit hit by phone slowdown


    31 July 2014 Last updated at 01:53 The success of its Galaxy smartphones has seen Samsung become the world’s biggest phone maker Profits at Samsung Electronics fell 20% in the second quarter, hurt mainly by a slowdown in smartphone sales and a strong Korean currency. It made a net profit of 6.25 trillion won ($6.1bn; £3.6bn) in the April-to-June period, down from 7.77 trillion won a year ago. When compared to the previous quarter, its profit was down 17%. Samsung is the world’s biggest maker of mobile phones and the handset division accounts for the bulk of its profits. Operating profit at its phone division fell 31% during the period, from the previous three months. “The second quarter was affected by several factors including the slow global sales of smartphones and tablets and escalating marketing expenditure to reduce inventory,” the firm said in a statement. Meanwhile, a stronger Korean currency also hit Samsung’s earnings during …

    July 30, 2014 7:58 pm
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Science

  • Mother Octopus Sets Longest Egg-Tending Record: More Than 4 Years on Baby Watch


    One dedicated deep-sea octopus is now the world record holder for the most outlandishly long egg development. A female Graneledone boreopacifica off the California coast was observed guarding her eggs continuously for nearly four and a half years.   This eclipses the previous record holder for prenatal guardianship, the alpine salamander, which keeps its offspring internally for up to four years. Most animals that lay eggs watch them for a much shorter period of time. The record-holding fish, the Magellan plunderfish (Harpagifer bispinis), stays over its eggs for four to five months. And before these new observations about the California cephalopod, the longest confirmed octopus egg guarding was 14 months—a female Bathypolypus arcticus observed in a lab. “We were sure surprised,” says Bruce Robison, a senior biologist at the Monterey Bay Aquarium Research Institute and co-author of the report, which was published July 30 in PLoS ONE. “The results we measured substantially exceeded everyone’s expectations.” …

    July 30, 2014 8:19 pm
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Health

  • Khosla-backed startup hopes to bring doctors to patients’ mobiles


    SAN FRANCISCO (Reuters) – HealthTap Chief Executive Officer Ron Gutman believes paying the doctor a visit is expensive and time-consuming. So why not bring the doctor to the patient – digitally?     On Wednesday, the Palo Alto-based startup, which is backed by investor Vinod Khosla, introduced a virtual-consult service called HealthTap Prime. Consumers can opt to pay $99 a month to text or video conference with a physician, online or via a smartphone.      It remains to be seen whether patients will be willing to pay out-of-pocket for HealthTap’s service, which is not covered by the largest insurers. HealthTap faces competition from startups such as DoctoronDemand, which lets patients dial up a licensed physician for $40, as well as technology companies such as Cisco. And given their doctors’ inability to take samples, examine patients closely or employ equipment, it is unclear how it can be useful beyond consultation for minor ailments.     HealthTap began as an Internet …

    July 30, 2014 7:58 pm
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Entertainment

  • Justin Bieber takes feud with Orlando Bloom to Instagram


    The ongoing battle took another step in the wrong direction after the two stars had an altercation at Cipriani in Ibiza, Spain, last night. According to TMZ, Bloom reportedly threw a punch at the pop singer after Bieber shouted, “What’s up, b***h?” Justin Bieber vs. Orlando Bloom: 2014′s funniest celebrity disses so far The gossip site also has video of the two being held back by their respective security teams. After being separated, the 37-year-old star took off while Bieber stayed behind with friends. After Bieber left, the room broke out in applause, which included stars like Paris Hilton, Diddy and Lindsay Lohan. The fight appears to be over the musican’s alleged affair with Bloom’s then-wife, Miranda Kerr. Orlando Bloom throws a punch at bad boy Bieber The 20-year-old taunted the British actor by posting a photo of Kerr on his Instagram account, but he deleted it shortly after. This latest antagonistic move shows that …

    July 30, 2014 8:39 pm
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Editorial

  • The IRS thinks you’re a terrorist, but Holder still won’t appoint special counsel


    Attorney General Eric Holder announces at the Justice Department in Washington Monday, July 14, 2014, that Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages. (AP Photo/Pablo Martinez Monsivais) “Crazies” “TeRrorists” (Yes, spelled like that.) ADVERTISEMENT ADVERTISEMENT “A**holes.” That’s how former top IRS official Lois Lerner described conservatives on emails sent from her official IRS email account just days after the 2012 election. Corresponding with an unknown person (the name is redacted), she provides her own unique brand of commentary on conservative anguish over the lost presidential election.  Here is Lois Lerner, on the true threats to our nation: “So we don’t need to worry about alien terrorists (sic). It’s our own crazies that will take us down.” And here she is, responding to a comment about the “whacko wing of the GOP”: “Great. Maybe we are through if there are that many a**holes.” Let’s not forget, this commentary is coming …

    July 30, 2014 3:52 pm
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Odd News

  • Family finds 300-year-old sunken treasure off Florida’s east coast


    ORLANDO Fla. (Reuters) – A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday. Eric Schmitt, a professional salvager, was scavenging with his parents when he found the crumpled, square-shaped ornament on a leisure trip to hunt for artifacts in the wreckage of a convoy of 11 ships that sank in 1715 during a hurricane off central Florida’s east coast. After the discovery last month, a team of Spanish historians realized the piece fit together with another artifact recovered 25 years ago. It formed an accessory called a pyx, worn on a chain around a high priest’s neck to carry the communion host. The dollar value is uncertain. “It’s priceless, unique, one of a kind,” said Brent Brisben, operations manager for 1715 Fleet – Queens Jewels, which owns rights to the wreckage, located in 15-foot (4.5-meter) …

    July 30, 2014 12:06 pm
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