A Cypriot banking crisis has the potential to disrupt global financial systems, which are still trying to recover from the crisis of 2008-2009. The proposed tax on deposits in Cyprus could shake the trust in banks in Europe, and that could end up threatening the tenuous U.S. economic recovery.
Americans are abandoning their long-trusted news outlets in high numbers. According to a Pew Research Center report, 31 percent of Americans say they have deserted a particular news outlet because it no longer provides the information they want.
Citizens of Cyprus did not react well to the news that their government wants to allow the E.U. to take nearly 10 percent of their savings deposits in exchange for a $13 billion bailout. Banks are closed through Tuesday after worries over bank runs. Depositors stood in long lines to withdraw money over the weekend.
Every year the outplacement firm Challenger, Gray and Christmas studies how much the NCAA men's basketball tournament could cost employers. The firm predicts about 3 million Americans will spend one to three hours at work watching games.
A hacker who released more than 100,000 AT&T customer email addresses will be sentenced in a federal courtroom in New Jersey on Monday. Andrew Auernheimer exposed a security flaw on AT&T's iPad service.
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