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World leaders search for response to U.S.-Euro debt crisis

World leaders searched Sunday for answers to a global debt crisis, hoping to head off a massacre on markets spooked by an unprecedented US rating downgrade and Europe’s swelling malaise. France and Germany called for full implementation of measures agreed at a eurozone summit in July to safeguard the single…

Antidepressant use increasing among those with no psychiatric diagnosis

Antidepressants became the third most commonly prescribed class of medications in the United States thanks in part to non-psychiatrist providers prescribing the drugs to individuals without any psychiatric diagnosis, according to a new study led by researchers at the Johns Hopkins Bloomberg School of Public Health. “We’ve seen a marked…

Hackers debate ‘Anonymous’ tactics at DefCon gathering

LAS VEGAS — Hackers bent on derailing Anonymous clashed with members of the notorious group at a DefCon gathering in Las Vegas late Saturday. “Hubris” and “Asherah” of startup Backtrace Security condemned Anonymous for “bully behavior” and argued that the group was trying to pass off reckless opportunism as Internet-age…

45,000 Verizon workers strike

NEW YORK (Reuters) – Unions representing 45,000 Verizon Communications workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday. Verizon and the unions — The Communications Workers of America and the International Brotherhood of Electrical Workers – had been in talks…

Dollar to drop on S&P move; safe-haven demand seen

HONG KONG (Reuters) – The U.S. dollar may weaken and Treasury yields rise when Asian markets reopen on Monday, though any selling in response to ratings agency S&P’s downgrade of the United States is likely to be tempered by the escalating crisis in the euro zone. The S&P cut in…

Hacking encouraged, even prized, at Vegas geek fest

LAS VEGAS (Reuters) – There was a whole lot of hacking going on in Sin City this weekend — and right under the noses of federal agents. But in a sign of a time when cybersecurity is at the forefront of national security concerns, the feds were not lurking in…

Global policymakers discuss debt crisis, market turmoil

TOKYO/SEOUL (Reuters) – Global policymakers held an emergency conference call on Sunday to discuss the twin debt crises in Europe and the United States that are causing market turmoil and stoking fears of the rich world sliding back into recession. After a week that saw $2.5 trillion wiped off global…

Europe has ‘thrown away’ recovery: Brown

Nicolas Sarkozy and Angela Merkel have used the wrong measures to resolve the eurozone debt crisis and thrown away the chances of recovery, former prime minister Gordon Brown said Sunday. Brown said the French president and the German chancellor were exacerbating the financial crisis, which he said was “predictable,” in…

Investment guru Warren Buffett says US downgrade ‘doesn’t make sense’

Investing guru Warren Buffett criticized the Standard & Poor’s downgrade of the long-term US credit rating, saying it “doesn’t make sense” and would have a limited impact on markets. “I don’t get it,” the highly-respected founder and chairman of Berkshire Hathaway told Fox Business News late Friday, saying his Omaha,…

US fund Blackstone plans two big German wind farms

The US investment fund Blackstone plans to invest several billion euros in German wind farms, as the biggest economy in Europe will need the energy when it abandons nuclear power by 2022. Blackstone said Friday that it had finalised 1.2 billion euros ($1.7 billion) in financing to build what it…

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