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E.U. to release results of stress tests on banks

The European Union this week publishes results of stress tests on Europe’s embattled banking sector amid a dangerous phase in the eurozone debt crisis that threatens to engulf Italy and Spain. The European Banking Authority, the EU’s London-based regulator for the financial sector, has carried out assessments on 91 banks…

Japan idled reactors could restart after stress test

TOKYO (Reuters) – Japan’s idled nuclear reactors could restart work if they pass the first stage of two-step post-Fukushima safety checks, the government said on Monday. Still, without a timeframe for the tests, concerns remain about summer power shortages that could hurt the economy. Last week’s surprise announcement that the…

Regulator defends itself against bank ‘stress tests’ attack

LONDON — European banking regulators moved Wednesday to downplay reports that some of the new “stress tests” on banks due later this year would be less strict than the much-criticised tests carried out in 2010. The Financial Times (FT) reported that the European Banking Authority would soften parts of the…

CNN reporter: Network censored footage of Iraq ‘war crime’

A former CNN Iraq correspondent suffering from post-traumatic stress disorder says his employers wouldn’t run footage he filmed of what he describes as a war crime by US troops, an Australian news source reports. Michael Ware, who covered Iraq for CNN from 2006 until last year, describes the incident as…

Scientists: Haiti facing even more powerful quakes in the future

Haiti and its neighbors must prepare themselves for more massive quakes after the devastating tremors this week increased pressure along a lengthy fault line, scientists warned Friday. Paul Mann, a senior research scientist at the Institute for Geophysics at the University of Texas at Austin, warned that just because the…

How are you coping with the stress?

I’ll admit; I was glad for the Texas Book Festival this weekend because it kept me off the computer for hours at a time. And I’ve been buried in Sarah Vowell’s new book, which I’ll finish in what seems record time. I try to read political news and keep up…

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