Buzzing BlackBerrys, billion dollar bailouts, and behind the scenes in Basel: How global central bankers battled the crisis

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Wonkblog economics editor Neil Irwin has a book coming out this week. “The Alchemists: Three Central Bankers and a World on Fire” (The Penguin Press, available April 4) tells the story of how central bankers came to exert vast influence over the global economy, and how they wielded that power from 2007 to 2012, through… Read more »

Central Al-Qaeda May Be Wounded but Terrorist Threat Remains

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AFP/Newscom On March 12 the Director of National Intelligence (DNI) released a report on the “Worldwide Threat Assessment of the US Intelligence Community.” The report stated the following: Senior personnel losses in 2012, amplifying losses and setbacks since 2008, have degraded core al-Qa’ida…. However, the group has held essentially the same strategic goals since its… Read more »

Hundreds Injured After Meteorite Explodes in Central Russia (Video)

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Five hundred people were hurt in central Russia’s Ural region today after a series of explosions in the skies caused by a meteor shower. The blast sparked panic in three major cities, blew out windows and knocked out cellphones. Reuters reported: More than 500 people were injured when a meteorite shot across the sky and… Read more »