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Amid criticism, nuclear chief Jaczko resigns

NRC chairman Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in ViennaWASHINGTON (Reuters) - Gregory Jaczko, chairman of the U.S. Nuclear Regulatory Commission, said on Monday he would resign, following a year of intense criticism over his abrasive management tactics. Jaczko, 41, was a polarizing figure who oversaw the nuclear safety agency as it crafted expensive new rules in the wake of the 2011 earthquake and tsunami that devastated Japan's Fukushima Daiichi nuclear complex. ...


Amid criticism, nuclear chief Jaczko resigns

NRC chairman Jaczko attends a news conference during the Ministerial Conference on Nuclear Safety in Vienna in ViennaWASHINGTON (Reuters) - Gregory Jaczko, chairman of the U.S. Nuclear Regulatory Commission, said on Monday he would resign, following a year of intense criticism over his abrasive management tactics. Jaczko, 41, was a polarizing figure who oversaw the nuclear safety agency as it crafted expensive new rules in the wake of the 2011 earthquake and tsunami that devastated Japan's Fukushima Daiichi nuclear complex. ...


Russia's Shuvalov survives despite whiff of scandal

MOSCOW (Reuters) - Igor Shuvalov's political acumen and knowledge of the Kremlin's Byzantine ways helped him cling to one of the most influential roles in Russia's government on Monday, despite questions over his family's financial dealings. Shuvalov, 45, kept his job as first deputy prime minister in the cabinet unveiled by President Vladimir Putin, with a broad economic remit ranging from privatization to trade talks. ...

Fed's Lockhart says circumstances not ripe for QE3

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled (Reuters) - The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday. Atlanta Federal Reserve Bank President Dennis Lockhart said the central bank's policy panel should push forward with efforts to give the public and financial markets a better understanding of how it would react to incoming information on the economy. ...


Fed's Lockhart says circumstances not ripe for QE3

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled (Reuters) - The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday. Atlanta Federal Reserve Bank President Dennis Lockhart said the central bank's policy panel should push forward with efforts to give the public and financial markets a better understanding of how it would react to incoming information on the economy. ...


Fed's Lockhart says circumstances not ripe for QE3

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled (Reuters) - The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday. Atlanta Federal Reserve Bank President Dennis Lockhart said the central bank's policy panel should push forward with efforts to give the public and financial markets a better understanding of how it would react to incoming information on the economy. ...


City of Manassas approves budget

The Manassas City Council formally adopted its fiscal 2013 spending plan last week, unanimously approving a $96.4 million general fund budget and a small tax increase for most city residents. City Council members Monday backed a $1.19 real estate tax rate, which, combined with the city’s levy for the fire and rescue department, would result in an average tax bill of $2,934, an increase of about ...

News Summary: Local currencies take root in Greece

SMALL MOVEMENT: A small but growing minority in about a dozen Greek towns are using an alternative exchange system to help them survive the country's economic crisis, which has put the question of Greece's participation in the euro currency union into question.

Judge: No trial delay for ex-Penn State assistant coach

Jerry Sandusky, former Penn State football defensive coordinator, arrives for a hearing at the Centre County Courthouse in Bellefonte, Pennsylvania(Reuters) - A judge denied a motion on Monday to delay the start of the child sex-abuse trial of former Penn State University assistant football coach Jerry Sandusky, according to court papers. As a result of the ruling from Judge John Cleland, of the Court of Common Pleas for Centre County, Pennsylvania, Sandusky's trial will get underway on June 5. Cleland's decision was issued in a one-page ruling posted to the court's website Monday morning. Sandusky's lawyer had sought a delay to allow more time to review evidence in the case. ...


Oil up slightly on hope for better demand in China

Oil prices are climbing as the possibility that China may increase efforts to stimulate economic growth is tempering concerns about Greece's debt crisis.

Supreme court rules for government on immigrants' residence

WASHINGTON (Reuters) - The Supreme Court ruled on Monday that the length of lawful residence in the United States by immigrant parents cannot be considered by the federal government in deciding whether their children should be deported. The justices unanimously handed a victory to the Obama administration and overturned a ruling by a U.S. appeals court that immigrants who entered the United States as children may count their parents' years in this country to satisfy the residency requirements. ...

Supreme court rules for government on immigrants' residence

WASHINGTON (Reuters) - The Supreme Court ruled on Monday that the length of lawful residence in the United States by immigrant parents cannot be considered by the federal government in deciding whether their children should be deported. The justices unanimously handed a victory to the Obama administration and overturned a ruling by a U.S. appeals court that immigrants who entered the United States as children may count their parents' years in this country to satisfy the residency requirements. ...

City Room: Cornell's High-Tech Campus Will Have a Temporary Home at Google

Before Cornell builds its new applied sciences school on Roosevelt Island, its first classes will be held in Google's building in Chelsea.

City of fear at heart of Nigeria's Islamist uprising

Classrooms have been burnt, reduced to piles of broken glass and shards of cement, but children and teachers remain, squeezing into the part of the building still standing for lessons.

Economists more upbeat about job growth, housing

A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.

U.S. top court decides in vitro fertilization benefits

WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins conceived by artificial insemination after her husband's death. ...

U.S. top court decides in vitro fertilization benefits

WASHINGTON (Reuters) - The U.S. Supreme Court ruled on Monday that children conceived through in vitro fertilization after the death of a parent were not automatically entitled to survivor benefits under the Social Security law. The justices unanimously sided with the Obama administration and overturned a U.S. appeals court's ruling for a New Jersey woman who is seeking benefits for her twins conceived by artificial insemination after her husband's death. ...

Putin tightens grip with new government

Russian PM Medvedev chairs a meeting of the new cabinet in Moscow's White HouseMOSCOW (Reuters) - Russian President Vladimir Putin unveiled a government dominated by loyalists on Monday, tightening his grip on the economy and national security after protests, and limiting Prime Minister Dmitry Medvedev's ability to pursue market reforms. Putin, 59, opted for continuity by retaining his ally Igor Shuvalov as first deputy prime minister in charge of economic policy, while Igor Sechin will remain his energy chief in a role outside the government. ...


Supreme Court to hear government eavesdropping appeal

WASHINGTON (Reuters) - The Supreme Court agreed on Monday to hear an Obama administration appeal arguing that attorneys, journalists and human rights groups have no right to sue over a law making it easier for U.S. intelligence agencies to eavesdrop on foreign communications. The justices said they would review a ruling by a U.S. appeals court in New York that the plaintiffs have the legal right to proceed with their challenge to a 2008 amendment to the law, the Foreign Intelligence Surveillance Act. ...

Spain Minister: Bankia needs to bolster defenses

Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as €7.5 billion ($9.56 billion), the country's economy minister said Monday.

City of London IT - Issue of Equity

 HENDERSON GLOBAL INVESTORS THE CITY OF LONDON INVESTMENT TRUST PLC 21 May 2012 THE CITY OF LONDON INVESTMENT TRUST PLC ALLOTMENT OF SHARES The Company announces the allotment of 325,000 ordinary shares ...

City Room: Reforming Stop-and-Frisk by Adding More Stops

The Day: How to reform the police's stop-and-frisk tactic? It's quite simple: greatly increase the number of New Yorkers who are stopped, gum chewers and bicyclists included.

Sweet IQ Unveiling at TechCrunch Disrupt

Location-based marketing is finally made simple with actionable recommendations.New York, NY (PRWEB) May 21, 2012 From the creators of Get Me Listed comes Sweet IQ, the new fully integrated location-based marketing platform that expands upon Get Me Listed’s original local search optimization software by adding brand and opportunity monitoring and tying it together with customer engagement ...

European stocks rebound on G8 support for Greece

Frankfurt's DAX 30 climbed 1.0 percent to 6,340.11 pointsEuropean stock markets mostly rebounded on Monday as G8 support for Greece to remain p art of the eurozone boosted sentiment after last week's sharp sell-off, traders said.


Russian leader Putin names new Cabinet

Russian President Vladimir Putin named a new Cabinet Monday, warning its members that they will have to fulfill their duties in a difficult global economic climate.

Hollande faces first French banking test

French President Francois Hollande speaks during a news conference at the NATO Summit in ChicagoPARIS (Reuters) - The fate of a struggling small French mortgage lender will be the first banking test for President Francois Hollande, as he attempts to deliver on campaign promises of economic growth and tougher financial regulation. Policymakers and bankers are scrambling to avert an outright collapse of Credit Immobilier de France, whose future was thrown into doubt after Moody's cut its standalone bank financial strength rating and said it was no longer viable without support. ...


Spain: no need for European funds to help banks

Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as €7.5 billion ($9.56 billion), the economy minister said Monday.

Key witness in Clemens trial to take stand again

Brian McNamee, former trainer of Major League Baseball pitcher Roger Clemens, leaves the federal courthouse in WashingtonWASHINGTON (Reuters) - Government prosecutors on Monday will try to salvage the credibility of their key witness in the perjury trial of former Major League Baseball star Roger Clemens when his ex-trainer who said he supplied the pitching ace with drugs takes the stand. Brian McNamee, the most important witness for federal prosecutors who have charged Clemens with lying to the U.S. Congress about using the performance-enhancing drugs, will be wrapping up more than 20 hours of testimony in U.S. District Court. ...


Key witness in Clemens trial to take stand again

Brian McNamee, former trainer of Major League Baseball pitcher Roger Clemens, leaves the federal courthouse in WashingtonWASHINGTON (Reuters) - Government prosecutors on Monday will try to salvage the credibility of their key witness in the perjury trial of former Major League Baseball star Roger Clemens when his ex-trainer who said he supplied the pitching ace with drugs takes the stand. Brian McNamee, the most important witness for federal prosecutors who have charged Clemens with lying to the U.S. Congress about using the performance-enhancing drugs, will be wrapping up more than 20 hours of testimony in U.S. District Court. ...


Greece's new prime minister meets party leaders

Leader of Conservatives New Democracy party Antonis Samaras makes statements after his meeting with Greece's newly installed caretaker prime minister Panagiotis Pikramenos at the Greek Parliament in Athens, Monday, May 21, 2012. Greece is set to hold elections on June 17 to end a political deadlock after a previous vote on May 6 produced a hung Parliament, with the country's future in the 17-nation eurozone potentially at stake. (AP Photo/Thanassis Stavrakis)Greece's newly installed caretaker prime minister began talks with party leaders Monday ahead of this week's European Union summit that's expected to focus on ways of kick starting economic growth across the continent.


City Council To Vote On Villaraigosa’s $7.2B Budget

The Los Angeles City Council is scheduled to vote Monday on a $7.2 billion budget proposal that delays layoffs but makes close to $70 million in cuts to city services and shrinks the city's workforce by more than 400 positions.

Greek euro zone exit unlikely, say money market traders

BANGALORE (Reuters) - A slim majority of euro zone money market traders surveyed regularly by Reuters reckon Greece will still be in the euro zone at the end of 2013, a poll showed on Monday. Fourteen of 22 euro money market traders said Greece would not abandon the euro either this year or next - an event once seen as unthinkable but is now being openly discussed as the country battles political and economic upheaval. A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity with a new dose of U.S. ...

New wine glasses aim to balance "water and fire"

HONG KONG (Reuters) - Could a wine glass shaped roughly like a closed tulip blossom revolutionize the savoring of fine vintages by taming the alcohol in the wine? That's the hope of French luxury crystal glassmaker Baccarat, which recently began sales of its new line of glasses in Hong Kong, where wine imports have remained strong on the back of strong demand from mainland Chinese buyers even amid global economic uncertainty. ...

Lowe's 1Q profit up, but cuts 2012 profit outlook

FILE -- In a Nov. 14, 2011 file photo, customers walk toward the Lowe's store in Saugus, Mass. Lowe's Cos.'reported Monday May 21, 2012, first-quarter profit climbed 14 percent, as warmer weather helped boost sales. (AP Photo/Michael Dwyer/file)Lowe's Cos.' first-quarter profit climbed 14 percent, as warmer weather helped boost sales. But the world's second-biggest home improvement company lowered its full-year earnings forecast on Monday, saying it is still cautious on the housing market and economic conditions.


Jury to reconvene in ex-Senator Edwards' federal trial

John Edwards arrives for the second day of jury deliberations at the federal courthouse in GreensboroGREENSBORO, North Carolina (Reuters) - Jurors were set to resume deliberations on Monday in the federal campaign finance case against former U.S. Senator John Edwards, who is accused of using campaign funds to hide his pregnant mistress as he sought the presidency. A jury of eight men and four women in Greensboro, North Carolina, considered the case for about 5 1/2 hours on Friday before breaking for the weekend. They must reach a unanimous verdict to convict Edwards, a two-time presidential candidate and the Democrats' 2004 vice presidential nominee, on any of the six felony counts he faces. ...


Jury to reconvene in ex-Senator Edwards' federal trial

John Edwards arrives for the second day of jury deliberations at the federal courthouse in GreensboroGREENSBORO, North Carolina (Reuters) - Jurors were set to resume deliberations on Monday in the federal campaign finance case against former U.S. Senator John Edwards, who is accused of using campaign funds to hide his pregnant mistress as he sought the presidency. A jury of eight men and four women in Greensboro, North Carolina, considered the case for about 5 1/2 hours on Friday before breaking for the weekend. They must reach a unanimous verdict to convict Edwards, a two-time presidential candidate and the Democrats' 2004 vice presidential nominee, on any of the six felony counts he faces. ...


Spain to slump further but will hit deficit goal

Spain's Economy Minister De Guindos listens to a question at a conference in MadridMADRID (Reuters) - Spain said on Monday it would meet its deficit targets this year despite a new slippage in its regions' accounts and a further contraction of the economy in the second quarter. Economy Minister Luis de Guindos said economic activity would likely slump by another 0.3 percent between April and June, further fuelling doubts about the country's ability to get a grip on in its finances and nurse an ailing banking sector back to health. ...


At least 45 arrests, some injuries in Chicago anti-NATO clashes

Police officers arrest a protester near the site of the NATO Summit in ChicagoCHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...


At least 45 arrests, some injuries in Chicago anti-NATO clashes

Police officers arrest a protester near the site of the NATO Summit in ChicagoCHICAGO (Reuters) - Four police officers were injured and 45 demonstrators arrested after baton-wielding police clashed with anti-war protesters marching on the NATO summit in Chicago on Sunday, police said. A lawyer's group assisting protesters challenged police figures, saying at least 12 protesters were hurt, some with head wounds from police batons, and more than 60 people detained. The confrontation began after a 2 1/2 mile march from a Chicago park to near the site of the summit, where leaders of the NATO alliance are discussing the war in Afghanistan. ...


Barloworld pins hopes on China and Russia

A mine worker looks on underground in Modderfontein East mine, outside JohannesburgJOHANNESBURG (Reuters) - South African industrial group Barloworld expects Chinese and Russian demand for resources to underpin growth for equipment such as forklifts and trucks, its chief executive told Reuters in an interview. Worries about slowing demand from the world's second-largest economy have hit commodities and led miners to defer spending plans. Yet Clive Thompson, head of the $2.3 billion equipment supply company, said such fears may be overblown. ...


Gay advocates urge no prison time for Rutgers student

Ravi, a former Rutgers University student charged with bias intimidation, sits with his defense attorneys while awaiting a verdict in his trial at the Superior Court of New Jersey in Middlesex CountyNEW BRUNSWICK, New Jersey (Reuters) - A former Rutgers University student faces up to 10 years in prison at his sentencing on Monday for hate crimes after spying on his roommate's gay tryst, but many gay advocates are calling for no time behind bars. Tyler Clementi, 18, committed suicide in 2010 after learning that Dharun Ravi used a computer-mounted camera to see him kissing an older man in their dorm room and used social media to encourage others to watch. ...


Gay advocates urge no prison time for Rutgers student

Ravi, a former Rutgers University student charged with bias intimidation, sits with his defense attorneys while awaiting a verdict in his trial at the Superior Court of New Jersey in Middlesex CountyNEW BRUNSWICK, New Jersey (Reuters) - A former Rutgers University student faces up to 10 years in prison at his sentencing on Monday for hate crimes after spying on his roommate's gay tryst, but many gay advocates are calling for no time behind bars. Tyler Clementi, 18, committed suicide in 2010 after learning that Dharun Ravi used a computer-mounted camera to see him kissing an older man in their dorm room and used social media to encourage others to watch. ...


Egypt's GDP grows 5.2 pct in Q1 2012: minister

CAIRO (Reuters) - Egypt's gross domestic product (GDP) grew by an annualised 5.2 percent in the first quarter of calendar 2012 compared to a 4.3 percent contraction in the same three months a year earlier, Planning Minister Faiza Abu el-Naga said on Monday. The popular uprising that ousted Hosni Mubarak from the presidency in February 2011 hammered Egypt's economy last year, closing banks, the stock exchange and many factories.

Germany insists no eurobonds to solve debt crisis

French President Francois Hollande, left, takes his seat next to German Chancellor Angela Merkel during the opening session of the North Atlantic Council meeting at the NATO summit in Chicago, Sunday, May 20, 2012. (AP Photo/Philippe Wojazer, Pool)A German official made clear on Monday that Berlin continues to oppose the idea of jointly-issued bonds for the 17-nation eurozone, which France's new president had suggested could be used to create much-needed economic growth and ease the region's financial crisis.


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Former Olympic swimmer Sharron Davies MBE has spoken of local newspapers giving vital publicity to upcoming sports stars in a message for Local Newspaper Week.

World stock markets edge up after G-8 summit

A woman looks at an electronic stock indicator in Tokyo Monday, May 21, 2012. Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington. Japan's Nikkei 225 index came off four-month lows to rise 0.3 percent at 8,636.89. (AP Photo/Shizuo Kambayashi)Assurances that world powers want debt-laden Greece to remain in the euro helped support world stock markets Monday after sharp losses over the past week.


Analysis: China eschews fiscal fanfare for supportive spending

BEIJING (Reuters) - China's focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of the solid stimulus they want. With domestic activity stifled by government curbs on real-estate speculation, the potential damage to demand for China's factory products from a deeper European debt crisis seems a logical justification for a spending splurge. "Maybe it would be easier for China if there were another global financial crisis. ...

Thai economy rebounds strongly from flood crisis

Thailand's GDP grew 11% in January-March from the previous quarterThailand's economy posted double-digit growth in the first quarter of 2012, rebounding sharply from the fallout of last year's devastating floods, official data showed Monday.


Asia stocks mixed after G8 vague on Europe fix

A woman looks at an electronic stock indicator in Tokyo Monday, May 21, 2012. Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington. Japan's Nikkei 225 index came off four-month lows to rise 0.3 percent at 8,636.89. (AP Photo/Shizuo Kambayashi)Bargain-hunting helped Asian stock markets edge upward Monday, but gains were limited as investors remained unconvinced that the world's major economies nailed a solution to the European debt crisis following a summit in Washington.


Harrisburg City Islanders Defeat Dayton Dutch Lions

On Saturday, May 19, 2012, the Harrisburg City Islanders hosted a game against the Dayton Dutch Lions at Skyline Sports Complex on City Island in Harrisburg, Pennsylvania. This game proved to be a great one for the City Islanders and provided the City Islanders with just their second victory of the season in six games. The team took the victory by a score of 4-0 over the Dutch Lions. It was an ...
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