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Paul Julius Reuter noticed that, with the electric telegraph, news no longer required days or weeks to travel long distances. In the 1850s, the 34-year-old Reuter was based in Aachen — then in the Kingdom of Prussia, now in Germany — close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However, there was a 76-mile (122 km) gap in the line between Aachen and Brussels, Belgium’s capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap.

Goldman’s plan to repay Berkshire delayed: report

NEW YORK (Reuters) – Goldman Sachs Group has hit a snag in its efforts to win government approval to pay back a $5 billion investment from Warren Buffett’s Berkshire Hathaway Inc, the Wall Street Journal reported, citing people familiar with the matter.

Goldman formally sought permission from the Federal Reserve for the proposed transaction in late October, in part because Goldman has emerged from the financial crisis with a comfortable cushion to absorb losses,Cisco shares plummet, sink broader market_3025, the report said.Berkshire’s cash investment in 2008 was seen as a crucial vote of confidence for Goldman at a time when most investors were keen on dumping banking stocks. But it has also cost Goldman about $1 billion in dividend payments so far,Coach Zip Purses, according to the report.The Fed must approve the transaction because it is Goldman’s banking supervisor. Goldman officials hoped to win clearance quickly, but the request has been caught up in the wider process of setting a dividend-increase policy for all U.S. banks overseen by the Fed, according to the report.The Fed may be reluctant to give Goldman a go-ahead to make adjustments to its capital level before other banks get the same flexibility, the report said.Goldman has the option to redeem the preferred shares held by Berkshire at any time for $5.5 billion, subject to Fed approval, though the move would trigger a charge of $1.6 billion, the report said.Representatives for Goldman Sachs and the Federal Reserve could not be reached outside U.S. business hours.(Reporting by Soyoung Kim; Editing by Muralikumar Anantharaman)

Reuters employs several thousand journalists,coach purses, sometimes at the cost of their lives. In May 2000, Kurt Schork,BOJ to hold emergency meeting Mon; seen easing policy_5541, an American reporter, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003,Cheap Abercrombie And Fitch outlet uk, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military

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Paul Julius Reuter noticed that, with the electric telegraph, news no longer required days or weeks to travel long distances. In the 1850s, the 34-year-old Reuter was based in Aachen — then in the Kingdom of Prussia, now in Germany — close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However,Bernanke signals ease, but details lacking_3994, there was a 76-mile (122 km) gap in the line between Aachen and Brussels,Cable focuses on Internet and satellite TV grows_6265, Belgium’s capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap.

BOJ minutes: Some warned on boosting fund-supply tool

TOKYO (Reuters) – Some Bank of Japan policy board members warned about the adverse effects of expanding its cheap fund-supply tool, minutes from an August 30 emergency meeting showed on Friday, suggesting the central bank may be reluctant to enlarge the scheme as part of any further monetary easing.

The minutes also showed that some members said the BOJ needed to act pre-emptively in case downside risks materialized in the U.S. and European economies.At the August 30 meeting, the BOJ boosted the size of its fixed-rate fund supply operation to 30 trillion yen ($364.3 billion) from 20 trillion yen,Coach Patent Leather Handbags Outlet, bowing to government pressure for action to protect a fragile recovery by curbing the yen’s rise.The decision was by an 8-1 vote, with board member Miyako Suda dissenting.”Some members noted the possibility that the expansion of the fixed-rate operation might undermine the proper functioning of the market and reduce the bank’s ability to control the overnight call rate,” the minutes said.The BOJ earlier this week surprised markets by cutting rates and vowing to buy 5 trillion yen worth of assets to provide fresh economic stimulus. It did not boost the size of the fixed-rate loan tool as some analysts had speculated.Suda said that easing effects from expanding the fund-supply tool should be limited, the minutes also showed, but some members argued that there was still room for interest rates to go down.The Bank of Japan’s steps and yen-selling intervention last month by the government has done little to halt the yen’s advance, with the dollar hitting a new 15-year low against the yen on rising expectations that the U.S. Federal Reserve will take aggressive easing steps.Some analysts say the BOJ may eventually revert to a full-blown quantitative easing, though such a move could add to growing global tensions over competitive currency devaluation and easing by central banks.How to nip a currency war in the bud will top the agenda for world leaders at the Group of Seven and IMF meetings starting on Friday.Underscoring the BOJ’s concerns about the yen’s gains, many members said at the September 6-7 monetary policy meeting they need to pay attention to the rising yen’s impact in pushing down consumer prices, minutes from the meeting showed.The BOJ stood pat on monetary policy but vowed timely action when needed at the meeting.(Reporting by Rie Ishiguro; Editing by Edmund Klamann and Nathan Layne)

Reuters employs several thousand journalists, sometimes at the cost of their lives. In May 2000, Kurt Schork,Coach Business Bags Outlet, an American reporter,Coach Shoulder Bags Outlet, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military

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‘Doctor Who’ star Elisabeth Sladen dies aged 63
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LONDON – Elisabeth Sladen, a star sidekick of the “Doctor Who” series and a popular children’s show actress, has died of cancer Tuesday, the BBC said. She was 63.
Sladen joined the broadcaster in 1973 as Doctor Who’s assistant Sarah Jane Smith, an investigative journalist-turned-intrepid time traveler whose on-screen energy and tongue-in-cheek delivery eventually gave her career an unlikely second act in her own spin-off series, “The Sarah Jane Adventures.”
“Sarah Jane Smith was everybody’s hero when I was younger, and as brave and funny and brilliant as people only ever are in stories,” Steven Moffat, the series’s lead writer, said in a statement. “Many years later, when I met the real Sarah-Jane — Lis Sladen herself — she was exactly as any child ever have wanted her to be.”
Doctor Who centers on a time-hopping alien known only as The Doctor, but Sladen turned his sidekick into a star, playing opposite Jon Pertwee and Tom Baker for three-and-a-half seasons.
She would return to the role numerous times over the years, and when the series was resurrected in 2005, she was brought back as well — as the star of her own alien-busting television show.
“I left Sarah Jane a great many years ago, but she never left me,” Sladen said in an interview when the series was launched.
Sladen’s was praised for playing the role with humor and warmth, but she never warmed to science fiction, telling a television audience a couple of years ago that she found the genre was too complex. In an admission sure to shock Doctor Who’s die-hard fans, she said she never even bothered to learn the meaning of the TARDIS, The Doctor’s iconic telephone box-shaped time machine (it stands for Time and Relative Dimensions in Space.)
“I only learned that after I left,” she said, explaining that the drama in science fiction didn’t come from the aliens or the gadgets. “It’s about relationships,” she said. “It’s about a body of people banding together to overcome adversity.”
The BBC said that Sladen was survived by her husband, actor Brian Miller,buy Abercrombie and fitch mens, and a daughter,Abercrombie And Fitch Mens For UK, Sadie.

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Japan to compile 3 trillion yen extra budget: media

TOKYO (Reuters) – Japan’s government is likely to set aside more than 3 trillion yen ($35 billion) for its first extra budget for disaster relief, the Asahi newspaper reported on Wednesday.

Citing a government draft of the extra budget, the newspaper also said Japan would not issue new debt to help finance the extra budget.It will instead make up for the costs by reviewing some of its spending plans pledged by the ruling Democratic Party, such as payouts to households with children, and tapping about 2.5 trillion yen from reserves in special accounts, the paper said.The first extra budget will pay for repairing infrastructure such as roads, ports and schools, as well as for steps to help those in quake-hit regions in Japan’s northeast find new jobs, it said.(Editing by Yoko Nishikawa)

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