2012 YEAR IN REVIEW
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- 10 Things to Know for Today
- Most active Nasdaq-traded stocks
A look at Nasdaq 10 most-active stocks at the close of trading: Apple Inc. fell 2.6 percent to $95.60 with 55,014,100 shares traded. BlackBerry Ltd. fell 3.9 percent to $9.33 with 24,706,500 shares traded. ...
- Michelle Obama says the "blood of Africa" runs through her veins
By Annika McGinnis WASHINGTON (Reuters) - First lady Michelle Obama embraced her family’s African roots in a speech on Wednesday, telling a group of young Africans that the “blood of Africa” runs through her veins as she urged changing traditional beliefs on the worth of educating women. I have had the pleasure of traveling to Africa many times over the years, including four trips as first lady, and I have brought my mother and my daughters along whenever I can.” “The blood of Africa runs through my veins, and I care deeply,” Obama said, addressing her listeners as her “brothers” and “sisters.” Three months before congressional elections that could determine the fate of much of President Obama’s platform, Michelle Obama’s popularity remains high while her husband’s has sunk. Michelle Obama said problems with girls’ education often stemmed from traditional “attitudes and beliefs” that exist even in the United States and lead to issues such as the gender pay gap and an underrepresentation of women in leadership.
- New Paris hotel joins race to pamper the super rich
By Astrid Wendlandt PARIS (Reuters) - After four years of refurbishment work costing 430 million euros ($575.67 million dollars), the Peninsula Paris hotel opens its doors on Friday, promising prince-like treatment to well-heeled visitors to the French capital. It is part of a battle to attract Asia's new class of super-rich that not only pits the world's top hotel groups against each other but also cities such as Paris, New York and London. For the Peninsula team, it is a long-term investment, piggybacking on Paris's efforts to woo the Chinese in particular over the past decade - yet it comes as the luxury industry in France is feeling the pinch from a drop in traffic from Russian, Indonesian and Japanese tourists. France is seeking to exploit its position as the world's most visited country to boost the trade balance and stimulate the euro zone's flatlining second economy by convincing tourists to spend more.
- S&P500 index posts worst fall since April; indexes down for July
By Caroline Valetkevitch NEW YORK (Reuters) - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. Data showing that U.S. labor costs recorded their biggest gain in more than 5-1/2 years in the second quarter this year came a day after the Fed upgraded its assessment of the U.S. economy while reiterating it was in no hurry to raise rates.
- The economy is headed downhill from here: Peter Schiff
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- Sierra Leone declares emergency as Ebola death toll hits 729
By Umaru Fofana FREETOWN (Reuters) - Sierra Leone declared a state of emergency and called in troops to quarantine Ebola victims on Thursday, joining neighbouring Liberia in imposing tough controls as the death toll from the worst-ever outbreak of the virus hit 729 in West Africa. The World Health Organisation said it was in urgent talks with donors and international agencies to deploy more medical staff and resources to one of the world's poorest regions. The WHO reported 57 new deaths between July 24 and July 27 in Guinea, Liberia, Sierra Leone and Nigeria. Authorities in Nigeria, which recorded its first Ebola case last week when a U.S. citizen died after arriving on a flight from Liberia, said all passengers travelling from areas at risk would be temperature-screened for the virus.