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Saint Patrick's Day

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Insight: How Europe stumbled into scheme to punish Cyprus savers

Just three weeks after being elected president of Cyprus, Nicos Anastasiades traveled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough.Hours before he was due to attend his first European summit, he met Germany's Chancellor Angela Merkel and other new colleagues at a cocktail reception.At the meeting for center-right politicians in a swanky hall opposite the Belgian king's palace, Merkel congratulated him on his election victory. According to one person who attended, Anastasiades asked his new friends to make sure any bailout for Cyprus was fair.Less than 48-hours later, when the deal was finally announced by exhausted officials in the pre-dawn hours of Saturday morning, it seemed anything but.Cyprus was forced to announce a plan to claw back a levy on deposits from savers in its banks, including - most controversially - a big charge on those with small deposits that were supposed to be guaranteed by its deposit insurance scheme.The outcome ...

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  1. Green for St. Patrick, Stocks and Apple

    Wall Street is celebrating St. Patrick's Day early. The luck of the Irish has pushed the S&P 500 above the 1400 level for the first time since June of 2008, three mo...

  2. A Look Into New York’s Seedy Past

    Author Richard Zacks on his new book, “Island of Vice”.

  3. Investors and the Fed on Hold

    Federal Reserve policymakers will make a decision on interest rates this afternoon at 2:15 p.m. ET and it’s widely expected to keep interest rates near zero as previ...

  4. Celebrating the New Year in Style

    Consumers are buying despite tough economy

  5. Feeling tipsy? Hire a designated driver

    By now, even a gin-soaked barfly knows that mixing drinking with driving conjures up a potentially lethal brew. Responsible drinkers long have had two options for ge...

  6. Carol and Mary Higgins Clark Writing Again

    Authors Mary and Carol Higgins Clark on their latest bestsellers.

  7. Why Not Raising the Debt Ceiling Could be Catastrophic

    RBS Head of U.S. Treasury Strategy Bill O’Donnell on why the debt ceiling should be raised.

  8. Sri-Kumar: Japan Does Not Add to U.S. Economic Issues

    TWC Chief Global Strategist Komal Sri-Kumar on Japanese markets bouncing back, and how the disaster affects the U.S. economic climate.

  9. How Safe are Investments in Japan?

    Hennessy Funds CIO Neil Hennessy on the risks and opportunities of investing in Japan.

  10. What the iPad Can Do for You

    The Wall Street Journal's Walt Mossberg breaks down the best that iPad 2 has to offer for the everyday consumer.

  11. Deputy PM: Ireland Has No Intention of Defaulting

    Ireland's Deputy Prime Minister Eamon Gilmore on efforts to attain a sustainable Irish banking system.

  12. Drunken St. Patrick's Parades Spark Crackdown

    Already reeling from some of the rowdiest St. Patrick's Day parades on record this year, officials in some U.S. cities vowed to curb violence by using tools as new a...

  1. 'No Irish Need Apply' Couldn't Stop Them

    Immigrants such as the Irish, who have flocked to America's shores for economic opportunity for generations, bring with them a strong desire to succeed and attain a better life. As the descendants of immigrants from Ireland celebrate their achievements this week, all ethnic groups can tip our hats ...

  2. Seven Celebrities Whose Luck Led Them to Fame

    No one knows the life-changing power of luck better than actors.Just the sheer odds of standing out among thousands of bright-faced, oh-so-impossibly attractive aspi...

  3. From Beers to Solemn Respects, it's Memorial Day Weekend

    While many New Jersey natives are none too pleased with the publicity they've gained from MTV's runaway reality hit, "Jersey Shore," you won't hear Mike Carbone comp...

  4. Bobby Plump's Last Shot

    Bobby Plump has lived 75 years, but he's best known for 18 seconds of it.In 1954, he threw a basketball. It sailed through a hoop and bounced into history. The shot ...

  5. Redbook: US Retail Sales Up 0.4% In First 3 Weeks Of March Vs Feb

    DOW JONES NEWSWIRESNational chain store sales edged up 0.4% in the first three weeks of March from February, according to Redbook Research's latest indicator, releas...

  6. Top 5 Most Preferred Beer Brands

    FBN’s Gerri Willis on the most popular brands of beer in America.

  7. Creating Your Own Luck: 12 Steps for Advancing Your Career

    With St. Patrick’s Day just around the corner, many job seekers are hoping the luck of the Irish will rub off on their careers. However, career professionals say une...

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