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Italian senate approves budget as Berlusconi era draws to close

ROME (Reuters) – Italy’s Senate approved economic reforms intended to reverse a collapse of market confidence on Friday, kicking off a rapid transition that will end the Berlusconi era and clear the way for an emergency government within days. The package of austerity measures demanded by the European Union will…

Americans seethe as banks hit them with new fees

(Reuters) – Smoking outside a Bank of America branch in Chicago, restaurant worker Mike Dysangco complained about the “totally ridiculous” new banking fees. “The economy is not the greatest and they come up with these fees? Do you want our business or not?” asked the waiter who has an account…

Iceland citizens write a new constitution through online collaboration

By Agnes Valdimarsdottir REYKJAVIK — A group of 25 ordinary citizens on Friday presented to Iceland’s parliamentary speaker a new constitution draft, which they compiled with the help of hundreds of others who chipped in online. The group had been working on the draft since April and posted its work…

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