[ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused ... Continue reading →

By James Saft Tue May 22, 2012 12:03am EDT (Reuters) - The Facebook IPO, which started as a global search for a greater fool, developed on Monday into a circular firing squad. Facebook's newly minted stock tumbled well below its issue price on Monday, falling as much as 12 percent, as it struggled in its first day trading without the full support of its investment banking syndicate.The problem, of course, is that too many buyers were playing the same game, looking to lay off their exposure quickly to some other patsy. As they say in Silicon Valley, this isn't a bug, it's a feature.We are now 15 years into what may someday be thought of as the great speculative era of financial history, during which ... Continue reading →

By Sui-Lee Wee BEIJING | Thu May 24, 2012 4:45am EDT BEIJING (Reuters) - The brother of blind activist Chen Guangcheng has fled his village in northeastern China, evading a security clampdown to seek help from lawyers for his son who has been detained in a case that has become a rallying point among rights activists. Chen Guangfu, the eldest brother of Chen Guangcheng, told Reuters that he walked out of his home in Shandong province at 3 a.m. (1900 GMT) on Tuesday, eluding the increased number of sentries near his village by avoiding roads and running through fields. He arrived in Beijing on Wednesday evening after a six-hour journey by car.His activist brother escaped Dongshigu village in late April after 19 months of detention ... Continue reading →

By James Saft Thu May 24, 2012 12:05am EDT (Reuters) - After years of insulating risk-takers from the consequences of their decisions, maybe it's finally time to try something else. Europe's current crisis, and specifically the death spiral some of its banks and peripheral sovereigns are locked into, may provide just such an opportunity. It may now be time to cross that red line and force some bank bondholders, even senior bondholders, to take losses.Throughout the now five-year-old global financial crisis, writing down bank debt when banks are insolvent is a step that policy-makers have been almost universally unwilling to take.Fearing a rolling line of bank failures if the weak were allowed to go down, policy-makers have generally followed the following three-point script:First, make abundant ... Continue reading →

Twitter uses the t.co domain as part of a service to protect users from harmful activity, to provide value for the developer ecosystem, and as a quality signal for surfacing relevant, interesting Tweets. Back to Twitter Learn more Continue reading →

With the Reserve Bank of Australia already in full rate cutting mode and expected to cut further one would think that it was only a matter of time before a rate cut from the People’s Bank of China is seen. Previously we have highlighted the correlation between the RBA and the PBOC rate cycles. Specifically while the China tends to rely on administrative measures and RRR cuts this tends to eventually give way to a rate cut from the PBoC. While a rate cut makes sense on paper in reality it might do more harm as deposit rates are negative in real terms with the more likely option being to rely on liquidity measures.The data in early June will be important with June 9 and ... Continue reading →