Today in the News:
– Cyprus banks reopen amid tight security and tough curbs
– US sends stealth bombers for South Korea drill
– Researchers find a treatment that kills every kind of cancer tumor
– and Wall Street banker files suit over TriBeCa penthouse’s obstructed 360 degree view
Banks in Cyprus have reopened after a two-week closure sparked by discussions on an EU-IMF bailout, amid tension over possible large-scale withdrawals. Branches were replenished with cash overnight and police were deployed amid fears of a run on the banks. The restrictions on the free movement of capital represent a profound breach of an EU principle, but the European Commission on Thursday justified the move, saying the stability of financial markets and the banking system in Cyprus constitutes a matter of overriding public interest. Cyprus is the first eurozone member country to bring in capital controls, as it needs to raise 5.8bn euros to receive a 10bn bailout fund from the European Commission, European Central Bank and the International Monetary Fund, the so-called troika.
The U.S military says two nuclear-capable B-2 bombers have completed a training mission in South Korea amid threats from North Korea that include nuclear strikes on Washington and Seoul. The statement Thursday by U.S. Forces Korea is an unusual confirmation. It follows an earlier U.S. announcement that nuclear-capable B-52 bombers participated in ongoing U.S.-South Korean military drills. The U.S. says the B-2 stealth bombers flew from a U.S. air base and dropped munitions on a South Korean island range before returning home. The announcement will likely draw a strong response from Pyongyang. North Korea sees the military drills as part of a U.S. plot to invade and becomes particularly upset about U.S. nuclear activities in the region.
Researchers might have found the Holy Grail in the war against cancer, a miracle drug, that has killed every kind of cancer tumor, it has come in contact with. According to Science Magazine, the drug works by blocking a protein called CD47, that is essentially a “do not eat” signal to the body’s immune system. This protein is produced in healthy blood cells, but researchers at Stanford University found, that cancer cells produced a huge amount of this protein, tricking the immune system into not destroying the harmful cells. With these findings in mind, the researchers built an antibody, that blocked cancer’s CD47 so that the body’s immune system attacked the cancer cells instead of healthy tissue. So far, researchers have used the antibody in mice with human breast, ovary, colon, bladder, brain, liver and prostate tumors transplanted into them. In each of the cases the antibody forced the mice’s immune system to kill the cancer cells. Standford’s group just received a $20 million dollar grant, to move their research from mouse to human safety testing. Fingers crossed everybody.
The highest-paid banker on Wall Street in 2012 is suing the city and his neighbors to prevent the 360-degree views at his One York Street TriBeCa pad from being obstructed by a 600-square-foot box of metal bars. Richard Handler, 51, CEO of Jeffries Group, whines in a Manhattan Civil Court lawsuit that the renovation of neighboring 50 Varick St. will cause him to suffer real and irreparable harm. By irreperable harm he means: the projects new elevator shaft to service the new roof deck will impair views from his apartment, and he faces significant noise and light impingements. The problems some people have! Just to put things in perspective, this man made $45.2 million in compensation last year dwarfing even the $21 million payout to Goldman Sachs Lloyd Blankfein. But let’s not forget that Pedro Quezada, just dwarfed both of these men’s sallary’s by winning $338 in the lottery.
Today in the News:
– Cyprus banks reopen amid tight security and tough curbs
– US sends stealth bombers for South Korea drill
– Researchers find a treatment that kills every kind of cancer tumor
– and Wall Street banker files suit over TriBeCa penthouse’s obstructed 360 degree view
Banks in Cyprus have reopened after a two-week closure sparked by discussions on an EU-IMF bailout, amid tension over possible large-scale withdrawals. Branches were replenished with cash overnight and police were deployed amid fears of a run on the banks. The restrictions on the free movement of capital represent a profound breach of an EU principle, but the European Commission on Thursday justified the move, saying the stability of financial markets and the banking system in Cyprus constitutes a matter of overriding public interest. Cyprus is the first eurozone member country to bring in capital controls, as it needs to raise 5.8bn euros to receive a 10bn bailout fund from the European Commission, European Central Bank and the International Monetary Fund, the so-called troika.
The U.S military says two nuclear-capable B-2 bombers have completed a training mission in South Korea amid threats from North Korea that include nuclear strikes on Washington and Seoul. The statement Thursday by U.S. Forces Korea is an unusual confirmation. It follows an earlier U.S. announcement that nuclear-capable B-52 bombers participated in ongoing U.S.-South Korean military drills. The U.S. says the B-2 stealth bombers flew from a U.S. air base and dropped munitions on a South Korean island range before returning home. The announcement will likely draw a strong response from Pyongyang. North Korea sees the military drills as part of a U.S. plot to invade and becomes particularly upset about U.S. nuclear activities in the region.
Researchers might have found the Holy Grail in the war against cancer, a miracle drug, that has killed every kind of cancer tumor, it has come in contact with. According to Science Magazine, the drug works by blocking a protein called CD47, that is essentially a “do not eat” signal to the body’s immune system. This protein is produced in healthy blood cells, but researchers at Stanford University found, that cancer cells produced a huge amount of this protein, tricking the immune system into not destroying the harmful cells. With these findings in mind, the researchers built an antibody, that blocked cancer’s CD47 so that the body’s immune system attacked the cancer cells instead of healthy tissue. So far, researchers have used the antibody in mice with human breast, ovary, colon, bladder, brain, liver and prostate tumors transplanted into them. In each of the cases the antibody forced the mice’s immune system to kill the cancer cells. Standford’s group just received a $20 million dollar grant, to move their research from mouse to human safety testing. Fingers crossed everybody.
The highest-paid banker on Wall Street in 2012 is suing the city and his neighbors to prevent the 360-degree views at his One York Street TriBeCa pad from being obstructed by a 600-square-foot box of metal bars. Richard Handler, 51, CEO of Jeffries Group, whines in a Manhattan Civil Court lawsuit that the renovation of neighboring 50 Varick St. will cause him to suffer real and irreparable harm. By irreperable harm he means: the projects new elevator shaft to service the new roof deck will impair views from his apartment, and he faces significant noise and light impingements. The problems some people have! Just to put things in perspective, this man made $45.2 million in compensation last year dwarfing even the $21 million payout to Goldman Sachs Lloyd Blankfein. But let’s not forget that Pedro Quezada, just dwarfed both of these men’s sallary’s by winning $338 in the lottery.