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Fed Heads, Breaking Taboo, Talk Politics

Bernanke takes his seat to testify about monetary policy before the House Financial Services on Capitol Hill in Washington
Two non-voting members of the Federal Reserve Board of Governors have broken a long-standing taboo against wading into politics by publicly talking about how election-year considerations affect the decisions of U.S. central bankers.
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U.S. Economy

On Jobs, The US Congress, And You

Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
Higgs Boson Discovery

God Particle Creates Nobel Prize Row

Even before the excitement over the discovery of the Boson-like particle could die down, scientists seem to be clamoring for their pound of flesh in staking their claim for the particle discovery, and thereby the Nobel Prize.
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As US Fries In Heat Wave, Half A World Away, Eggheads Wonder If Global Warming Is Real

Thousands of miles away, a cadre of international Nobel laureates assembled to discuss global warming were having a, er, heated debate, arguing over data that the vast majority of scientists the world over say shows clear evidence of manmade climate change. But in the steaming streets of Brooklyn, the crowded public pools of Atlanta and the power outage-hit suburbs of Washington, D.C., the discussion was unanimous: It was hot.
Egypt Protest

What Egypt?s Soft Coup Means For The Presidential Elections

This Saturday and Sunday, Egyptians will head for polling station to choose who will be their first democratically elected president, but they are faced with a hard choice now that the Supreme Council of the Armed Forces, or SCAF, has seized greater control.
trader

Why Spain's Bank Bailout Failed: It's Called 'Subordination'

The European Union's ?100 billion ($126 billion) bailout of Spanish banks may have, at least temporarily, saved those institutions. But the rescue is being judged a failure by the markets, as it appears to have seriously damaged the government's ability to borrow from international creditors, something a country running on deficit financing for the foreseeable future is vitally dependent on.
Ostrom

Elinor Ostrom, First Woman To Win Nobel Prize In Economics, Dies Of Cancer At 78

Elinor Ostrom, the first woman to win Nobel Prize in economics, died on Tuesday, June 12, after battling cancer. She was 78 years old. The distinguished Indiana University professor received the 2009 Nobel Prize in economic sciences for her groundbreaking research on the ways that people organize themselves to manage resources. She was the first and, to date, only woman to win the prize in this category.
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Mars Mission Reality Show: Pipe Dream Or Scam?

Dutch company Mars One has been making the rounds with its dreams of putting on a reality TV show to select astronauts for a one-way journey to the Red Planet. But the company is vague on how people will be transported to and live on Mars.

The Most-Effective, Quickest Way To Create More U.S. Jobs

In a talk at New York's Princeton Club, Nobel Prize-winning economist and New York Times Columnist Paul Krugman said the solution to create more jobs and get the U.S. economy to grow faster isn't rocket science: it's fiscal stimulus.
Orhan Pamuk

Nobel Winner Pamuk Opens Novel Museum in Istanbul

Nobel prize-winning Turkish writer Orhan Pamuk realizes a long-nurtured dream on Saturday with the opening of an actual Museum of Innocence - a collection of relics of a half-century of ordinary life - as depicted in his 2008 novel of the same name.
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Physics Experiments To Pay Attention To Besides the Higgs Boson Search

The Higgs boson -- aka the God particle -- grabs headlines these days, but physicists are working on other fascinating experiments that could impact our daily lives and provide fundamental insights into the nature of the universe. Here's a roundup of a few of the notable findings and lingering questions in the field of physics.
Picture shows a German 55 euro cents special edition stamp commemorating the the 100th anniversary of the publication of late German-born physicist Einstein's Theory of Relativity in Berlin. Picture shows a German 55 euro cents special edition stamp

Einstein the Scientist, Dreamer, Lover: Online

At speeds even he could barely imagine, Albert Einstein's private papers and innermost thoughts will soon be available online, from a rare scribble of "E=mc2" in his own hand, to political pipe-dreams and secret love letters to his mistress.

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