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Disaster liner was insured for €405m

Shares of the cruise holiday giant which owns the ship’s operator, Costa Crociere, were likely to fall sharply this morning amid concerns about reputational damage and litigation. Costa Crociere is Europe’s biggest operator of cruises, with brands including Cunard and Princess Cruises also under its…

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Russia’s Mars spacecraft falls in Pacific Ocean

MOSCOW: Doomed Russian Phobos-Grunt Mars probe spacecraft, which had been stuck in Earth orbit for two months, crashed down in the Pacific Ocean late Sunday. Launched Nov 9, Phobos-Grunt was designed to bring…

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UN Chief Urges Syrian President to Stop Killing Own People

Monday, 16 January 2012, 11:48 am Press Release: UN News UN Chief Urges Syrian President to Stop Killing His Own People New York, Jan 15 2012 – Secretary-General Ban Ki-moon today renewed his call on the Syrian leadership to end the ongoing bloodshed in the country, stating that the era of one-man rule and the perpetuation of family dynasties are ...

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Syria’s Assad in final stages of Dictator Disease

IF dictatorship were a disease, Syria's Bashar al-Assad could be diagnosed as entering the final stages of an illness which in recent times has proved fatal. The first stage of the disease is to deny there is any problem; then comes the fight back in Assad’s case, this has involved widespread slaughter of his fellow Syrians. Then comes belated concessions, ...

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Hezbollah chief rejects call by UN to disarm

Hassan Nasrallah, leader of Lebanon’s Hezbollah political group, has dismissed a United Nations call for his movement to disarm, saying it was determined to maintain a military capacity to defend Lebanon. A UN Security Council resolution demands that Hezbollah lay down its military arsenal, as all other Lebanese armed groups did at the end of the 1975-1990 civil war. But ...

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The Rise Of Dark Inventory In Housing And Oil

The Automatic Earth URL The Automatic Earth is a blog about the credit crunch Recent Posts The Storm Surge Of Decentralization Is Coming The End Of The Euro And The End Of The Investor EUROPE: You’re Either At The Table Or You’re On The Menu The Automatic Earth January 14 2012: Housing and Oil: Dark Inventory Rules January 10 2012: ...

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To help Haiti, let more Haitians into the United States

The second anniversary last week of the devastating Haiti earthquake, which killed around 150,000 people and destroyed much of Port-au-Prince, brought reports of mixed progress. About half of the rubble has been cleared (if that sounds slow, consider it took five years to remove far less rubble in Aceh after the 2004 Indian Ocean tsunami). About half a million people ...

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Scottish Independence: Talks After Tensions?

Alex Salmond says he is ready to meet David Cameron to discuss the way forward Scottish Secretary Michael Moore has asked for talks with Scotland’s First Minister Alex Salmond on the independence referendum following a week of heated political debate. Mr Moore said the UK Government wants to provide Holyrood with “the legal powers for a fair and decisive referendum” ...

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Israelis Facing A Seismic Rift: The Role Of Women

JERUSALEM — A few months ago, the Israeli Health Ministry awarded Channa Maayan, a pediatrics professor at Hebrew University, a prize for a book she had co-written on hereditary diseases common among Jews. For the ceremony, Maayan wore a long-sleeve top and a long skirt in deference to the acting health minister, Yakov Litzman, who is ultra-Orthodox, and the other ...

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