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Gambling To Fix Pensions Can Lead To A Bigger Bind
Public pension fund investing has changed a lot over the past few decades. Cities and states used to invest conservatively. Now, many are trying to rebuild pension funds by resorting to chancy investments in foreign currency, junk bonds and margin trades.
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Earthquakes Not Shaking U.S. Insurance Concerns
The earthquakes in Haiti and Chile have piqued Americans' interest in earthquake insurance — as usually happens after news of big quakes overseas. But there's little sign this interest will do much to increase the number of people who actually buy coverage. Will the government be on the hook when the big one comes?
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Digg.com CEO Makes Content Curation Exciting
Before the music portion of the South By Southwest festival this year, Austin's convention center was filled to the beams with digital creatives. Among them was Digg.com CEO Jay Adelson, who told host Liane Hansen about his company's history and future.
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Pension Woes May Deepen Financial Crisis For States
From Connecticut to California, pension funds for public employees lack the funding they need. A recent report from the Pew Center on the States put the tab for unfunded pension liabilities at $452 billion. The debacle could threaten the financial solvency of some states — and taxpayers are on the hook.
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State Pension Underfunding Before The Great Recession
How many years would it take for each state to make good on its pension promises if it spent all its tax revenue on pensions, and nothing else? In 2007, every state had some catching up to do. Since then, pension assets for some funds may have recovered, but liabilities have also grown.
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Mom-And-Pop Site Busts The Web's Biggest Myths
You'd think it would take an army to truth-squad the rapid-fire rumors of the World Wide Web. But at Snopes.com, that task falls to husband-and-wife myth debunkers David and Barbara Mikkelson.
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Lunar Rover Is Spotted For First Time In 37 Years
Video game developer Richard Garriott bought the broken Soviet lunar rover at an auction in 1993 — this week, thanks to new photos released by NASA, he's been able to see it on the moon for the first time.
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Letter: Lehman's Accounting Tricks Possibly Illegal
A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday.
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Obama Rallies: 'We Have Waited Long Enough'
President Barack Obama packed the Patriot Center at George Mason University in Fairfax, Va., Friday for one more health care rally. Speaking to students in a swing state, Obama hoped to put a bit of his campaign magic on the legislative drive to overhaul the nation's health care system.
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'American Idol For Nerds' Pits Inventors' Business Plans
Georgia Tech has what some call an <em>American Idol</em> for Nerds. It's a competition to encourage undergraduates to invent usable items. Winners of "InVenture" get $15,000. Students must not only have a shiny invention, but also a marketing and business plan. This is the second year the college is having this competition. Susanna Capelouto of Georgia Public Broadcasting reports.
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ABC News Under Fire For Payment To Murder Suspect
The attorney for Casey Anthony, who is accused of killing her daughter, told a court Thursday that ABC News had paid Anthony $200,000 for exclusive rights to reproduce family photos and a video. Several journalists said ABC's failure to tell viewers of the payment for the pictures was an ethical lapse.
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'Repo Men:' Metaphor For Health Care Overhaul?
Film critic Mia Mask says the new movie <em>Repo Men</em> is a science fiction flick that comments on two prominent policy issues: health care overhaul and the regulation of the financial industry. Mia Mask teaches film at Vassar College, and is the author of <em>Divas on Screen.</em>
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FDA Restricts Marketing Tobacco To Youth
The FDA has issued the first regulations since Congress gave the agency power to regulate tobacco. The regulations clamp down on the marketing of cigarettes to children and teenagers. The new rules prohibit a number of ad strategies like giving way hats and T-shirts with tobacco logos. Plus, no more selling of cigarettes in certain vending machines where kids can get at them.
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Undecided Lawmakers Targeted For Their Health Vote
On Capitol Hill, a few dozen House members are trying to decide how to vote on health care — while hundreds of advocates and thousands of e-mails are trying to sway them one way or the other. The House is expected to vote on its health care overhaul legislation on Sunday.
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Universal Music To Test Lower Price Of CDs
The world's largest music company is lowering the price of CDs. Universal Music is rolling out a test to see whether a $10 price ceiling will encourage consumers to buy more compact discs. Over the last decade, CD sales have dropped by more than half.
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Tune-in to Marketplace with Kai Ryssdal weekdays on KJZZ at 6pm.
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Union urges BA board to intervene
Unite calls on the British Airways board to resolve the increasingly bitter dispute between the airline and its cabin crew.
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China denounces Google 'US ties'
China's state media accuses Google of "intricate ties" with the US government and trying to change Chinese society.
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Europe 'must act' on Greek debt
The European Commission urges eurozone governments to agree a package of loans to help Greece resolve its debt crisis.
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Rio Tinto signs China mine deal
Rio Tinto signs a big West African venture deal with China, days before four of its officials go on trial in Shanghai.
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Pound falls on 'recession risk'
The pound drops against the dollar and the euro after a Bank of England policymaker said the UK could fall back into recession.
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Israel to boost Arab towns' funds
The Israeli cabinet backs an investment plan for Israeli Arabs, who have long suffered inequality and discrimination.
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Pune and Kochi to join 2011 IPL
Pune and Kochi buy Indian Premier League franchises for the 2011 season.
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Lloyds predicts a profitable 2010
Lloyds Banking Group says it expects to make a profit this year - having made heavy losses due to bad loans in 2009.
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Palm is hit by sales slowdown
Computing veteran Palm is losing ground fast to the iPhone and Blackberry in the battle of the smartphones.
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Consortium wins big weather prize
A Franco-German consortium will enter into negotiations for a 1.3bn-euro contract to build Europe's next weather satellites.
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Don't mention the cup - South Africa airline in trouble with Fifa
South Africa's budget airline pulls its tongue-in-cheek ad after a Fifa complaint that it infringes its trademark during the World Cup.
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Erotic filmgoers must pay full tax, EU court rules
A Belgian sex shop owner attempting to cut the VAT bill for his film screenings under cultural exemptions is told by the European Court of Justice that solo viewings are excluded.
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UK to produce Nissan electric car
Nissan is to build its new electric car, the Leaf, in Sunderland, safeguarding hundreds of jobs, the Japanese firm announces.
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UK car production rises sharply
UK car production jumped sharply in February, up 62.7% from a year ago, the Society of Motor Manufacturers and Traders says.
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Call for Olympics tickets clarity
London 2012 organisers are urged to be up front about how many tickets will be available and how much they will cost.
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Pompey deducted nine points
Debt-ridden Portsmouth are docked nine points by the Premier League for going into administration.
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Guidelines for financial journalists
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App boom
The developers making millions from smartphones
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Fishing fears
Dwindling catches pose threat to Senegal fishermen
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Amateur pursuit
Can richer sports learn from Gaelic games?
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City Diaries
'Raising VAT to 20% would be a brave move'
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Money spiders
Feeding tourists tarantulas helps street children
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Hewitt on Europe
Eurozone queasy at thought of Greece wooing IMF
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No Budget giveaway, says Darling
Chancellor Alistair Darling tells the BBC there will be no "giveaways" and no rise in VAT in next Wednesday's Budget.
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Identity fraud 'is set to soar'
Identity fraud is likely to accelerate in 2010 as organised criminal gangs target the rich, a report says.
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