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Mario Matt Of Austria Wins Olympic Slalom
Mario Matt of Austria won the men's slalom Saturday, becoming the oldest Alpine champion in Olympic history. Leading after the first run, Matt glided through the slushy course in a combined time of 1 minute, 41.84 seconds. Austrian teammate Marcel Hirscher turned in a fast second run to take silver, 0.28 behind, and teenager Henrik Kristoffersen of Norway captured bronze. Matt, who turns 35 in April, surpasses now-retired Norwegian great Kjetil Andre Aamodt as the oldest Alpine skier to win gold.
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Storehouse Arrives On The IPhone
Storehouse, the 2014 Apple Design Award winning long-form photo-sharing service from former Apple designer Mark Kawano, has launched its app for the iPhone. This comes almost four months after the startup raised $7 million in A-series funding from SherpaVentures and seed investors True Ventures, Lerer Ventures and Designer Fund in order to expand their reach beyond the iPad.
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Google’s Skybox Satellites Shoot GIFs Of Burning Man Being Built
Google bought Skybox Imaging for $500 million and the micro-satellite company’s most recent mission was…to take photos of Burning Man. Skybox repeatedly flew its satellites over Burning Man, the annual arts and music festival in the Black Rock Desert of Nevada, to create GIFs of how the 70,000 person make-shift hippie city was assembled and then deconstructed over three weeks. Jokes aside, the GIFs actually prove Skybox’s big advantage over other satellite companies. Since its micro-satellites are much smaller and therefore cheaper, so it can more of them up in space than companies building big, expensive, traditional satellites that power the infrequent updates to products like Google Maps.
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Fed Signals Plan To Keep Record Low Rate
The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period, because a broad range of U.S. economic measures remain subpar. The Fed said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment, and other gauges of the job market. The central bank retained language signaling its plans to keep short-term rates low "for a considerable time"--after it ends its monthly bond purchases after its next meeting in October.
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Obama Vows U.S. Will Not Fight Another Ground War In Iraq
President Barack Obama vowed on Wednesday the United States will not fight another ground war in Iraq, seeking to reassure Americans about the level of U.S. involvement after a top general suggested some combat troops could be deployed. Obama, who has spent much of his presidency distancing himself from the Iraq war, stressed during a speech at MacDill Air Force Base in Tampa that airstrikes would be the central U.S. contribution to the fight against Islamic State, along with coordinating a coalition that he said now includes more than 40 countries. His message came a day after General Martin Dempsey, chairman of the U.S. military's Joint Chiefs of Staff, left the door slightly ajar to the possibility of some ground forces during congressional testimony that worried some Democrats.
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Washington And Fuqua Ride Again In 'The Equalizer'
It's been a dozen years since Denzel Washington and director Antoine Fuqua rode the corrupt Det. Alonzo Harris and their Los Angeles crime odyssey "Training Day" to Oscar glory--for Washington--and a Hollywood breakthrough for Fuqua. Washington says, "You look up, I didn't realize it was 12 years. That's quick. That's too fast." In "The Equalizer," a very loose adaptation of the 1980s private eye TV series, Washington and Fuqua have finally reteamed, resuming a potent actor-director tandem.
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Alibaba Is A Phenom — Just Not In America
American investors will clamor for a piece of the action this week when Chinese e-commerce giant Alibaba holds its highly anticipated initial public offering. Yet even though the firm will be listed on the New York Stock Exchange, Alibaba is unknown to most Americans, and a huge splash in financial markets won’t necessarily raise the company’s profile on Main Street. Alibaba, which could end up being the biggest IPO of all time, is often compared with Amazon and considered by some to be a major threat to the huge American e-tailer.
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Investors Seek Injunction On Sale Of Insurer By BES Successor
A group of bondholders of insolvent Espirito Santo Financial Group on Wednesday requested a court injunction against the sale of Portuguese insurer Tranquilidade by the successor of Banco Espirito Santo - rescued by the state last month. The increasing legal challenges highlight the difficulties that BES and its successor Novo Banco face as they try to recover some of the massive debts of the bank's founding Espirito Santo family. Sources told Reuters earlier the deal was worth around 200 million euros, involving an injection of some 140 million euros into the insurance firm to keep it afloat, with the rest to be paid to Novo Banco.
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Katherine Webb Is A Picture-Perfect Bride
Katherine Webb was a sight to see on her wedding day. The Miss Alabama beauty recently shared photos from her special day, including close-up images of her gorgeous gown and an inside look at her reception. The newlywed tweeted, "Thank you @SherriHill for the most beautiful custom gown I could have ever dream of."
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Christian Rap Album Hits No. 1 On The Billboard 200 Chart
Well, this is an anomaly. A Christian rap album--fittingly titled "Anomaly"--has soared to the top of this week's album chart. Lecrae's seventh studio effort claimed the Number 1 spot on the Billboard 200, a rare feat as only a handful of Christian albums have ever achieved this top ranking. Nielsen SoundScan tabulated that the 34-year-old rapper sold 88,000 copies of Anomaly in its first week out.