In a $12 billion deal to be announced Wednesday, Sprint Nextel will join with Clearwire, with investments from Comcast, Google, Intel and Time Warner Cable. The New York Times calls the deal the “next generation of high-speed Internet access for cellphone users” and the “convergence of Internet, entertainment and telecommunications services.”
U.S. authorities detained a senior employee of UBS Bank as a “material witness” in an investigation as to “whether the world's biggest money manager for the wealthy helped clients evade American taxes,” Bloomberg.com writes.
“Crude oil prices could surge to $200 a barrel in the next two years, according to the Goldman Sachs analyst who three years ago correctly predicted a price ‘super-spike’ above $100 a barrel,” the Financial Times reports.
“President Bush offered to send U.S. Navy units to help in the operation, and sharply criticized Burma's military-run government for delays in approving visas for emergency teams,” according to The Washington Post.
A “second crisis” may come from the cyclone that devastated Myanmar: the damage has affected the harvest in Myanmar, “one of Asia's richest rice-growing areas,” threatening a part of the world that already is reeling from a food shortage and high food prices.
Dmitry Medvedev was sworn in as Russia’s new president today. In the ceremony, he “delivered a speech promising to improve the lives of ordinary Russians, fight corruption and end the country's ‘legal nihilism,’” according to The Guardian.
President Bush has threatened to veto a housing bill that would insure up to $300 billion in new mortgages for homeowners facing foreclosure. Bush says that the bill would “reward speculators and lenders.”
Illinois Senator Barack Obama won the North Carolina primary by a large margin, while New York Senator Hillary Clinton edged out a two-point victory in Indiana. Despite a disappointing day for Clinton, she said, “it's full-speed on to the White House.”
A prominent Clinton supporter, former Democratic Presidential nominee George McGovern, has called for her to drop out of the race, saying that it's mathmetically impossible for her to win the nomination.
A New York Times editorial praised John McCain for “reminding us Tuesday what this year’s presidential race really is about.” McCain claimed, as president, he would appoint justices focused on judicial restraint. Although the Times is opposed to more conservative justices, it would like the Democrats to focus more on the issues like McCain has done.
“Hospital trauma centers in seven major cities do not have the capacity to handle even a modest terrorist attack, according to findings released Monday from a House committee investigation,” reports USA Today.
The U.S. Army said divorce rates among military families have risen with longer deployments in Iraq and Afghanistan. The fact that many soldiers are suffering from mental health problems takes a toll, too.
According to a report by Norwich Union Healthcare, a third of British employees have come to work with a hangover and a tenth have been drunk at work. Four-fifths of employers surveyed believe that alcohol is the “biggest threat to the well-being of their staff.”
A 30-second commercial for Super Bowl 43 will now cost $3 million. "Ad spots have sold for $3 million before, but as a base rate, that's an increase of more than 10 percent from 2008," writes The Sporting News. It is "nearly double the usual year-to-year increase."
Although “American Idol” continues its television supremacy in its seventh season, the show may be on its decline, the Associated Press suggests. Some younger viewers may be losing interest, and the show’s overall viewership is down seven percent from last year.
“People do things on airplanes that they would never do in other public settings. They pluck eyebrows, polish nails and pick noses. They stick chewed gum in places only other passengers will discover,” reports The Wall Street Journal. One reason may be the decline in air service.