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Federal Reserve expected to stay the course on near-zero interest rate

The Federal Reserve holds a monetary policy meeting this week amid intense speculation about the timing of a wind-down of massive stimulus, although few expect a change in direction. The Federal Open Market Committee will wrap up a two-day meeting Wednesday with a policy statement that will be closely scrutinized…

New York fast food workers go on strike for a living wage

Hundreds of workers at McDonald’s and other fast food outlets across New York went on strike Monday for higher wages in a movement organizers hope will spread nationwide. Sporadic walkouts left managers to serve customers at flagship McDonald’s outlets on Times Square and 5th Avenue in Manhattan. Organizers said the…

BMW unveils its first all-electric car: the i3 model

BMW on Monday took the bold strategic step of revealing its first all-electric car, and said it plans to clinch a significant share of a market still in its infancy. Launching its BMW i3 model, the German group compared the prospects of the electric car market to the technical revolution…

Saudi court sentences woman’s rights activist to 7 years and 600 lashes

A Saudi court sentenced on Monday a rights activist to seven years in jail and 600 lashes for setting up a “liberal” network and alleged insults to Islam, activists said. “Raef Badawi has been sentenced to seven years in jail and 600 lashes,” lawyer Waleed Abualkhair wrote on his Twitter…

Scientists claim to have figured out the evolution of monogamy

 Study says some species have become monogamous through evolution and, for primates, infanticide is at its root As an enduring mystery of the human condition, it has been praised and damned in equal measure. It is a bridge over the abyss of isolation but can be a bit like croquet:…

Israel and Palestine agree to 9 months of peace talks

The Israeli and Palestinian delegations to renewed peace talks have agreed in principle to continue negotiations for at least nine months, the US State Department said Monday. “They have all agreed to focus on having talks not just for the sake of talks, but this is the beginning of direct…

Former football coach testifies at Sandusky court hearing

By Dave Warner HARRISBURG, Pennsylvania (Reuters) – The former football coach whose account of Jerry Sandusky molesting a boy in a Penn State shower is at the heart of a cover-up case against former school officials testified at their court hearing on Monday. Mike McQueary told of a series of…

Trains collide in western Switzerland

Two trains collided Monday in western Switzerland, leaving a number of people injured, police said. The fire department and ambulances were on the scene of the collision that occurred in Granges-pres-Marnand, police said.…

Hundreds of fast food workers strike in New York for a living wage

Hundreds of workers at McDonald’s and other fast food outlets across New York went on strike Monday for higher wages in a movement organizers hope will spread nationwide. Sporadic walkouts left managers to serve customers at flagship McDonald’s outlets on Times Square and 5th Avenue in Manhattan. Organizers said the…

BMW takes ‘great leap forward’ into electric car market

BMW on Monday took the bold strategic step of revealing its first all-electric car, and said it plans to clinch a significant share of a market still in its infancy. Launching its BMW i3 model, the German group compared the prospects of the electric car market to the technical revolution…

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