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...Consumers file a class-action lawsuit against Apple after they realize that the company simply re-released its original iPod as its latest model, tricking millions of eager and unsuspecting people...
...Tribune Company’s decision to file for bankruptcy was only the latest in a series of setbacks for the American newspaper industry. Even before Tribune—which owns the Los Angeles Times, the Baltimore Sun, and its namesake Chicago Tribune—announced its filing, the chain was wracked by layoff and forced buyouts. The Times alone lost 150 staffers—17 percent of its employees. Smaller chains, like McClatchy, are close to defaulting on their debt, and even giants like The Washington Post and The New York Times are making cutbacks.While the decline of print...
...Reid vows to join his players in the blazing afternoon sun for a warm-up. "I'll be knackered," he grins. "I'll be on me knees after that, though." The players arrive. "Is this the boys?" says Reid, jumping to his feet. "Brilliant." Thirty young men file in, subdued and unsmiling. Reid greets them in both Thai ("Sawadee khrap!") and his native Liverpudlian ("All right, boys?"). They bow their heads and clasp their hands together in a wai, the traditional Thai gesture of respect. "Even though training will be hard, I like enjoying it," Reid tells them. "I like...
...will in Washington to pass a comprehensive rescue plan. When they returned to Congress last week to plead for help, the automakers asked for $34 billion in order to avoid bankruptcy. Most economists agree that if even one of the Big Three - Chrysler, General Motors or Ford - were to file for Chapter 11, it would have a potentially crippling cascade effect on the economy. The automakers and their suppliers employ more than 2.5 million American workers - nearly one in 10 U.S. jobs. The $15 billion is intended to see Chrysler and GM in particular - Ford is in better financial shape...
Last week, Daniel Dantas, a Brazilian banker of fantastic wealth and influence, was convicted on corruption charges, sentenced to 10 years in prison, and fined R$ 12 million ($5 million). Mr. Dantas’ fate remains unclear as he may still file multiple appeals that could take years to be evaluated. Nevertheless, his conviction reflects an accomplishment of the Lula administration in Brazil: the freedom of the Polícia Federal, responsible for gathering the evidence in the case. The PF has been allowed to aggressively pursue corruption investigations since 2003 and numerous prosecutions show that Brazil?...