Asian shares slide as uncertainty grows over "fiscal cliff"

TOKYO (Reuters) - Asian shares slid on Friday after a Republican proposal to fend off a U.S. fiscal crunch failed to get enough support, deepening uncertainty over prospects for the negotiations to avert automatic spending cuts and tax increases set to start in January. "Markets disliked signs of further delay in talks, with the risk that a deal may not be reached by the end of the year...

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God Save the British Economy

Illustration by Tadaomi ShibuyaEntering the Bank of England is like walking back in time to the old British Empire. Its brass door is attended by the Pinks, men in black hats and pink tailcoats. Vast meeting rooms are decorated with richly colored carpets, high ceilings with gold filigree and ornate furniture. Between rooms, the marble floors bear monetary-themed mosaics. One depicts the development...

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North Korean Video Game Has Western Ties

Video games represent a true luxury for most North Koreans living in a country where even the elite have only hours of electricity each day. That has not stopped a Western company in the capital city of Pyonyang from creating what may be the first North Korean game widely available online.The game, called “Pyongyang Racer,” is a simple Web browser game that allows players to drive a car around North...

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The X Factor: Who Won the Show?

The X Factor 12/20/2012 at 10:10 PM EST from left: Fifth Harmony, Tate Stevens and Carly Rose Sonenclar Ray Mickshaw/FOX The X Factor ended on a particularly high note for one of the show's finalists Thursday night.After performing live one last time the night...

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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

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Wall Street falls as "cliff" talks sour, but hopes remain

NEW YORK (Reuters) - U.S. stocks sold off late in the day to close at session lows on Wednesday as talks to avert a year-end fiscal crisis turned sour, even as investors still expect a deal. The S&P 500 slipped after a two-day rally that took the benchmark index to its highest close in two months. Defensive-oriented shares led the decliners, including health care and consumer staples....

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Egyptian Soccer Team Pushes Through Violence to Honor Fallen Fans

NAGOYA, Japan — Ahmed Fathi, a defensive midfielder, ran for his life when he saw thousands of Egyptian opposition supporters streaming toward him on the field. His team, Al Ahly of Cairo, had just lost a local league game in February to Al Masry in the city of Port Said. Toru Hanai/ReutersElsayed Hamdy, center of Egypt's Al Ahly celebrated with teammates after scoring against Japan during...

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Kodak in $525 million patent deal, eyes bankruptcy end

(Reuters) – Eastman Kodak Co agreed to sell its digital imaging patents for about $ 525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.The deal for the 1,100 patents allows Kodak to fulfill a condition for securing $ 830 million in financing.The patent deal was reached with a consortium led by Intellectual Ventures and RPX Corp, and which includes...

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The X Factor: Finalists Sing for Votes One Last Time

TV Watch The X Factor By Aaron Parsley 12/19/2012 at 10:40 PM EST from left: Fifth Harmony, Tate Stevens and Carly Rose Sonenclar Ray Mickshaw/FOX Who's going to get a $5 million recording contract?The X Factor's season 2 finale got underway Wednesday night with...

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Experts: Kids are resilient in coping with trauma

WASHINGTON (AP) — They might not want to talk about the gunshots or the screams. But their toys might start getting into imaginary shootouts.Last week's school shooting in Connecticut raises the question: What will be the psychological fallout for the children who survived?For people of any age, regaining a sense of security after surviving violence can take a long time. They're at risk for lingering...

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