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...used to be that markets waited anxiously to see what the Federal Reserve would decide about short-term interest rates. These days that's a given: rates are stuck between 0% and 0.25% for the foreseeable future. Instead, the only real news one can hope for out of a Federal Open Market Committee (FOMC) meeting has to do with the $1 trillion-plus stash of mortgages and other debt securities that the Fed has built up during the past two years of financial turmoil. Is it going to step up its purchases (meaning it's still worried about economic collapse...
...year-old former high school football player walked into the school's weight room Wednesday morning and fatally shot his former coach, before sheriff's deputies arrested him at a nearby home a short time later, authorities said...
...TIME's Short List review of Wertheim's book...
...appendix after surgery). From an initial result involving thousands of different proteins, researchers narrowed the potential candidates by comparing the 12 samples to those from healthy children without appendicitis. "We analyzed the proteins to see which were statistically significant compared with [the controls], and this gave us a short list," explains Hanno Steen, director of the Proteomics Center at Children's and a co-author of the study. That short list, combined with other possible protein candidates identified in previous research on the subject, comprised 57 different possibilities. (See the top 10 medical breakthroughs...
...Somalia was "really threatening" and needed "urgent international attention." If Mogadishu falls, the consequences will be very grieving, he said. He also appeared to refer obliquely to al-Shabaab threats to attack Nairobi, saying, "Kenya has been affected by this obvious terror." Like Ethiopian leaders, however, Odinga stopped short of publicly committing troops. Reports from Somalia's western border with Ethiopia claimed that Ethiopian troops had entered Somalia on June 22, despite a statement from Addis Ababa that it would not enter the country without an international mandate. Ethiopia invaded Somalia in late 2006 to topple a previous Islamist government...