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Few celebrations as 10th anniversary of global crisis nears

May 19, 2017 By William Schomberg LONDON (Reuters) – In May 2007, Ben Bernanke, then chair of the Federal Reserve, said the problems in the U.S. subprime mortgage market probably would not hurt the economy or the banking system. With the admittedly huge benefit of hindsight, that was a misjudgment of epic proportions. It has taken a full 10 years since the onset of the global financial crisis for the world economy to show clear signs of recovery, and even now progress remains halting. In the United States, the unemployment…

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Palestinian film festival opens in Gaza

May 12, 2017 By Nidal al-Mughrabi GAZA (Reuters) – The Gaza Strip’s film festival opened on Friday with artists and audience walking along a red carpet laid on a floor built from the rubble of homes destroyed in wars with Israel. Organisers of the Red Carpet Human Rights Film Festival, running for the third time since 2015, say the goal is to raise awareness of hardship in the Gaza Strip, home to almost two million Palestinians. About 1,000 people attended opening night. Running until May 17, the festival was timed…

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Despite record highs, fund managers globally remain underweight Apple

May 2, 2017 By David Randall NEW YORK (Reuters) – Active stock fund managers around the world are holding the lowest percentage of Apple Inc shares in their portfolios when compared to the iPhone maker’s overall weighting in indexes, even as the shares hit record highs, according to a research note by investment bank UBS late Monday. The current positioning by investors suggests Apple stock has room to run as portfolio managers chase performance. This should give Apple more fuel even after it rallied 56.4 percent in the 12 months…

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More Star Trek stamps? Make it so, says Canada Post

April 28, 2017 TORONTO (Reuters) – “Star Trek” fans can now get Starfleet’s most famous figures to help deliver their mail, thanks to a new collection of seven stamps issued on Friday by Canada Post, the country’s mail operator. The stamps, a followup to a set released last year for the science-fiction franchise’s 50th anniversary, include the captains from each of the five “Star Trek” television series already aired. They are depicted alongside a key nemesis from the series. The sixth stamp is of the Galileo shuttle craft, which first…

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New Prince music release blocked by U.S. court

April 20, 2017 NEW YORK (Reuters) – A U.S. judge has blocked a planned release of new Prince music on the first anniversary of his death this week. The Minnesota district court on Wednesday issued a temporary injunction barring the release of the six-song EP “Deliverance” after Prince’s estate argued that the recordings breached a confidentiality agreement between Prince and his former sound engineer. According to court documents, Judge Wilhelmina Wright also ordered engineer Ian Boxhill to hand over all “original recordings, analog and digital copies, and any derivative works”…

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Hollywood’s Ben Affleck and Jennifer Garner file for divorce

April 14, 2017 (Reuters) – Actors Ben Affleck and Jennifer Garner officially filed for divorce nearly two years after the Hollywood A-list couple split, the Los Angeles Times reported. Irreconcilable differences were cited in the paperwork filed in Los Angeles Superior Court, where Garner filed the divorce petition and Affleck filed his response, the newspaper reported late on Thursday. Garner and Affleck, both 44, are seeking joint custody of their three children: daughters Violet, 11, and Seraphina, 9. Affleck and Garner co-starred in the 2003 superhero film “Daredevil” and were…

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