Jan
10

The 'Brotherhoodization' of Egypt and its unions

Issandr El Amrani, the main writer behind The Arabist, has been posting occasional links and thoughts on the Brotherhoodization of Egyptian institutions, real and imagined, since the election of the Muslim Brotherhood's Mohamed Morsi as president.A few days ago he pointed to the failure of Egypt's new constitution to devolve powers from Egypt's traditionally strong central state to the provinces...
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Japan to boost military budget amid regional tensions

Japan's Defense Ministry will request a second boost to its military budget, according to reports, just a day after the government announced the first Defense budget increase in 10 years. The boosts, although relatively modest compared with Japan's overall defense spending, coincide with increasing tensions in the Asia Pacific region.Japan's Defense Ministry intends to ask for 180.5 billion yen ($2.1...
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Freed Iranians arrive in Damascus after prisoner swap

DAMASCUS/ISTANBUL (Reuters) - Forty-eight Iranians freed by Syrian rebels in exchange for more than 2,000 civilian prisoners held by the Syrian government arrived in central Damascus on Wednesday, a Reuters witness reported.The Syrian government has not referred to the prisoner swap and the whereabouts of the civilian prisoners was not immediately known.Opposition groups accuse it of detaining tens...
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Jan
09

Lance Armstrong may admit he used banned drugs: NY Times

(Reuters) - Lance Armstrong, the American cyclist at the center of the biggest doping scandal in the sport's history, may admit he used performance-enhancing drugs during his career, the New York Times reported in Saturday's editions, citing unidentified sources.Such an admission would be a stunning reversal for Armstrong, who has vehemently denied doping for years.The Times reported that Armstrong,...
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Confess? Armstrong may not have much to gain

Associated Press Lance Armstrong may be considering a change in course, dropping his years of denials and admitting that he used performance-enhancing drugs — though whether such a move would help him is uncertain. The New York Times, citing anonymous sources, reported late Friday that Armstrong has told associates he is thinking about the move. However, Armstrong attorney Tim Herman says that...
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Golf-McIlroy breaks with first sponsor, Nike waits in wings

LONDON, Jan 8 (Reuters) - World number one golfer Rory McIlroy has parted company with his first corporate sponsor ahead of confirmation of a deal that will make him the new face of sportswear giant Nike.U.S. PGA champion McIlroy is poised to rubber-stamp a 10-year deal with U.S. company Nike worth as much as $250 million, according to media reports.Nike is set to supply the 23-year-old Northern...
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Jan
08

H&R Block 2Q loss narrows as revenue rises

 H&R Block's fiscal second-quarter loss narrowed, helped by cost-cutting efforts. Revenue climbed mostly because of a strong tax season in Australia.The nation's largest tax preparation company typically turns in a loss in the August-to-October period because it takes in most of its revenue during the U.S. tax season. H&R Block's quarterly performance beat analysts' estimates and its...
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Oregon governor says Nike plans to hire thousands

SALEM, Ore. (AP) — Sporting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature.Gov. John Kitzhaber said he'll call lawmakers together Friday in Salem to create a new law authorizing him to grant Nike's wish.The governor did not...
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Tax filing delay looms if no fix for minimum tax: IRS

WASHINGTON (Reuters) - The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on high-income taxpayers so that it does not sweep in millions of middle-income people.Without another adjustment by lawmakers soon to the AMT, "many of us will see a delayed filing season," said Steven Miller, named just last month...
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Jan
06

Cricket-Wade's sparkling century hauls Australia to lead of 138

SYDNEY, Jan 5 (Reuters) - A brilliant century from Matthew Wade gave Australia a first innings lead of 138 when they declared at 432 for nine just before lunch on the third day of the third test against Sri Lanka on Saturday.Openers Dimuth Karunaratne (17 not out) Tillakaratne Dilshan (0) ushered the tourists to the end of the session on 18 without loss and reduced the deficit to 120 but the morning...
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