Black Friday and the Triumph of Marketing

A century ago “Black Friday” referred to the market crash of Sept. 24, 1869, which was caused by two financiers’ failed attempt to corner the gold market. Today we know Black Friday as the country’s busiest shopping day, falling right after Thanksgiving. How did that happen?One popular but false explanation is that the name marks the day retailers end...

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Canada pledges again to balance budget by 2015

OTTAWA/NEW YORK (Reuters) – The Canadian government on Friday reiterated its intention to balance its budget by 2015, three days after projecting there would be deficits until 2016-17.In separate appearances in Quebec City and New York, Prime Minister Stephen Harper and Finance Minister Jim Flaherty were at pains to say they still intended to end the red...

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Online gaming firms urge EU to open up markets

LONDON (Reuters) – Online gaming companies have accused Belgium and Greece of keeping them out of their markets illegally and urged European competition authorities to take action.A long-running dispute over licenses in Belgium made headlines last week when Belgian authorities questioned one of the co-chief executives of bwin.party, the world’s largest...

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Bieber sweeps American Music Awards with big wins

LOS ANGELES (Reuters) – Canadian pop star Justin Bieber swept the American Music Awards on Sunday, topping strong competition from Rihanna and Nicki Minaj, and sending newcomers British boybands One Direction and The Wanted home empty-handed.Bieber, 18, won all three categories in which he was nominated, including the night’s biggest award, artist of the...

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One in 20 youth has used steroids to bulk up: study

NEW YORK (Reuters Health) – About five percent of middle and high school students have used anabolic steroids to put on muscle, according to a new study from Minnesota.In addition to steroid use, more than one-third of boys and one-fifth of girls in the study said they had used protein powder or shakes to gain muscle mass, and between five and 10 percent...

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World stocks up amid optimism over US budget

BANGKOK (AP) — World stock markets rose Monday, registering optimism after negotiations late last week between President Barack Obama and leaders of Congress raised hopes the U.S. would avoid its “fiscal cliff” before the end-of-the-year deadline.Obama met with the top leaders of the House and Senate on Friday to discuss ways to avert a series of automatic...

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Israel, Gaza fighting rages on as Egypt seeks truce

GAZA/JERUSALEM (Reuters) – Israel bombed Palestinian militant targets in the Gaza Strip from air and sea for a fifth straight day on Sunday, preparing for a possible ground invasion though Egypt saw “some indications” of a truce ahead.Militant rocket fire into Israel subsided during the night but resumed in the morning with three rockets fired at the nearby...

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NY Times article questions what CEO knew of BBC sex scandal: can Mark Thompson survive?

LOS ANGELES (TheWrap.com) – The New York Times has turned its guns on one of its own, and right about now Mark Thompson must be looking for somewhere in the corporate suite to hide.In a devastating article, the paper of record raises questions about what its newly minted chief executive officer knew about a pedophilia scandal at the BBC and when he knew...

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Golf-Obsession drove Aussie Batibasaga to mental institution

MELBOURNE, Nov 18 (Reuters) – The desire to improve can drive professional athletes to distraction, but for Australian golfer Rika Batibasaga it became a dangerous obsession that saw him handcuffed and thrown into a Florida mental institution.In 2008, Batibasaga, whose father played international rugby for Fiji, was a 21-year-old living in Florida and...

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Monti repeats Italy does not need euro zone aid

MILAN (Reuters) – Prime Minister Mario Monti rejected suggestions on Saturday that Italy should seek aid from its euro zone partners to bind a new government to strict reform conditions after elections likely to be held in March.Monti’s comments, in a panel discussion at Milan’s Bocconi University, follow growing speculation that he might try to use an...

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