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Goldman Sachs ‘in bid to change’ Volcker rule

Goldman Sachs (NYSE: GS – news) is seeking changes to the Volcker rule, which keeps banks from speculative trades in their own accounts, to protect its merchant-banking unit, The Wall Street Journal reported. The rule, named after former Federal Reserve chairman Paul Volcker, was part of the sweeping reforms introduced…

Nobel winner: Quantum research will yield ‘super-computers’

David Wineland, who won the Nobel Prize for work in quantum physics with Serge Haroche of France, said our limited computers will “eventually” give way to super-fast, revolutionary ones. The pair, both 68, were honored for pioneering optical experiments in “measuring and manipulation of individual quantum systems,” the Nobel Physics…

Blonde beauty queen swaps curlers for corners

In 2008, Tihana Nemcic was a finalist in Croatia’s Miss Sport beauty competition. Four years on, she’s breaking new ground as the first female coach of a Croatian men’s football league side. The bubbly 24-year-old blonde took over the reins at fifth-tier regional side Viktorija Vojakovac last month, scoring a…

Hobbit coins to become legal tender in New Zealand

New Zealand will release commemorative “The Hobbit” coins worth thousands of dollars ahead of next month’s premier of director Peter Jackson’s latest Tolkien epic. The coins featuring characters such as Bilbo Baggins and Gandalf the wizard will be legal tender in the country, New Zealand Post said, although their face…

Australian PM’s sexism speech sparks divisive reaction

A blistering attack by Prime Minister Julia Gillard labelling Australia’s opposition leader a misogynist has gained global attention but sparked a divisive reaction about her judgement and the role of sexism in politics. Gillard, the nation’s first woman leader, lashed out Tuesday at Tony Abbott after he called for the…

U.S. meningitis outbreak death toll rises to 12

The death toll from an American meningitis outbreak linked to tainted medication has reached 12, according to US officials, who have documented more than 120 infections in 10 states. Officials at the US Centers for Disease Control and Prevention said as many as 13,000 people might have received doses of…

Supreme Court case on use of race in admissions could be landmark

Supreme Court case on use of race in admissions could be landmark The US Supreme Court on Wednesday is set to take up a potential landmark case examining whether a public university may use race as a factor to select new students, even after the university has achieved significant student…

California’s dueling tax hikes

California's dueling tax hikes: 'Nightmare' ahead? A potentially serious complication has arisen in California’s latest effort to avoid billions in spending cuts, which threaten the state’s education and welfare systems. Gov. Jerry Brown’s Proposition 30 intends to forestall “draconian” budget cuts by temporarily raising taxes, including sales taxes…  …

Sen. Charles Schumer prods ‘Gang of 8′ to make middle class, deficit-cutting top priorities

Senator prods Gang of 8 to make middle class, deficit-cutting top priorities If you want to fix America’s tax code, one of the Senate’s leading Democrats argued forcefully on Tuesday, Congress needs to face one stark reality: “You can’t have it all.” That includes the so-called “Gang of Eight” senators,…

Nobel Prize for Physics rewards ‘groundbreaking’ quantum experiments

Nobel Prize for Physics rewards 'groundbreaking' quantum experiments A French and an American physicist are sharing the 2012 Nobel Prize in Physics for, in a sense, letting a cat out of the box. And not just any cat, but one that is dead and alive at the same time. Welcome…

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