Letters: The Financial Future of Veterinarians

The Financial Future of Veterinarians To the Editor: “The Vet Debt Trap” (Feb. 24), about the veterinary student debt crisis, hit the nail on the head. It should be required reading for all prospective veterinary students, regardless of age, to temper their passionate pursuit of the profession with a sobering dose of financial realism before they commit. I am a 28-year...

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Ireland Seeks Easing of Its Debt Terms

DUBLIN — Ireland has been widely praised as the good pupil of the euro zone’s austerity school of thought. Now it wants to be rewarded. Ireland, whose banking crisis required it to receive a bailout of €85 billion, or $110 billion, by international lenders in 2010, is pressing for the right to ease the payback terms of billions of euros of debt it incurred in that process. It is also pushing...

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DealBook: Icahn Gains 2 Seats on Herbalife’s Board

Herbalife said on Thursday that it planned to give two board seats to Carl C. Icahn, as the health supplements maker further binds itself to its most outspoken outside defender of late.Herbalife will expand its board by two seats, giving both to the billionaire investor. As part of the agreement, Mr. Icahn will also have permission to raise his stake in the company to 25 percent, from its current...

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Shell Suspends Arctic Drilling for 2013

WASHINGTON — Royal Dutch Shell, after a series of costly and embarrassing accidents in its efforts to drill exploratory wells off the north coast of Alaska last year, announced on Wednesday that it would not return to the Arctic in 2013. The company’s two drill ships suffered serious accidents as they were leaving drilling sites in the Beaufort and Chukchi Seas last fall and winter and are...

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News Analysis: Italian Deadlock Rekindles Anxiety About Euro Zone

ROME — The political gridlock in Italy revives a question that hasn’t been heard lately: Is the euro zone crisis really over? Judging by the panic that seized financial markets on Monday, and carried over into European stock and bond trading Tuesday, the answer seems to be no. After months of calm, investors are jittery not only because Italy, once again, seems to have once again...

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Herald Tribune to Be Renamed The International New York Times

The New York Times Company said on Monday that it was planning to rename The International Herald Tribune, its 125-year-old newspaper based in Paris, and would also unveil a new Web site for international audiences. Starting this fall, under the plan, the paper will be rechristened The International New York Times, reflecting the company’s intention to focus on its core New York Times...

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Major Banks Aid in Payday Loans Banned by States

Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent. With 15 states banning payday loans, a growing number of the lenders have set up online operations in more hospitable states or far-flung locales like Belize, Malta and the West Indies to more easily evade statewide caps...

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Fair Game: Dell Shareholders Look Hard at Takeover Effort

IS Michael Dell trying to take over the computer company he founded on the cheap? That’s what more and more Dell shareholders appear to believe about the $13.65 per-share price proposed on Feb. 5 by Mr. Dell and Silver Lake Partners, a technology investment firm. Initial objectors to the buyout have been joined by additional shareholders concerned about getting a fair shake. The issue...

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Pentagon Suspends F-35 Flights Due to Engine Blade Crack

WASHINGTON (Reuters) - The Pentagon on Friday suspended the flights of all 51 F-35 fighter planes after a routine inspection revealed a crack on a turbine blade in the jet engine of an F-35 test aircraft in California. It was the second grounding of the warplane in two months and marked another setback for the $396 billion F-35 Joint Strike Fighter program, the Pentagon's biggest weapons...

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Via Video, a Front-Row Seat to a Fashion Show

As the Belstaff runway show began in New York City last week, buyers, designers and bloggers crowded into their seats, jotted notes and took smartphone photos as the models strutted by. But it was another crowd, outside the tents, that Belstaff executives were particularly interested in this season. For the second time, it was live streaming its fashion show. And the Web viewers were...

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American Executive Lashes Out at French Unions, Touching Off Uproar

PARIS — “How stupid do you think we are?” With those choice words, and several more similar in tone, the chief executive of an American tire company touched off a furor in France on Wednesday as he responded to a government plea to take over a recently closed Goodyear factory in northern France. “I have visited the factory a couple of times,” Maurice Taylor Jr., the head of Titan International,...

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European Solar Importers Defend Chinese in Anti-Dumping Case

BRUSSELS — Importers of inexpensive solar panels from China said Tuesday that imposing tariffs would lead to hundreds of thousands of job losses in the European Union, the biggest export market for the Chinese equipment. The claims by the Alliance for Affordable Solar Energy, a coalition of companies that install and service panels, were aimed at stopping the European Commission from...

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Draghi Seeks to Quiet Talk About Global Currency War

BRUSSELS — The president of the European Central Bank sought Monday to ease fears that countries including Japan were deliberately weakening their currencies and that European exporters were threatened by a round of competitive devaluations among the world’s major economies. The comments by Mario Draghi appeared to show how some of the world’s most senior economic policy makers were continuing...

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Obama’s Keystone Pipeline Decision Risks New Problems, Either Way

WASHINGTON — President Obama faces a knotty decision in whether to approve the much-delayed Keystone oil pipeline: a choice between alienating environmental advocates who overwhelmingly supported his candidacy or causing a deep and perhaps lasting rift with Canada. Canada, the United States’ most important trading partner and a close ally on Iran and Afghanistan, is counting on the pipeline...

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Where Ice Lights a Fire in the Economy

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Economix Blog: What Makes Manhattan Cost So Much?

You’ve probably heard the stat before: The cost of living is twice as high in New York as it is in the rest of the country. In the Council for Community and Economic Research’s latest cost of living report, we find out exactly what that means, and what the biggest distortions are.The council collects price data from 307 urban areas. It found that for the first three quarters of 2012, the after-tax...

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David Leonhardt, Washington Bureau Chief, Answers Readers’ Questions

David Leonhardt, Washington bureau chief for The New York Times, is answering readers’ questions about the economic landscape and President Obama’s prospects to enact the ambitious legislative agenda he laid out in his State of the Union address. Mr. Leonhardt is the author of the e-book, “Here’s the Deal: How Washington Can Solve the Deficit and Spur Growth,” published by The Times and Byliner....

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Media Decoder Blog: Time Warner in Talks to Sell Off Majority of Magazines

3:53 p.m. | Updated Time Warner, the $49 billion media conglomerate built on the foundation of the printed word, is in early talks with Meredith Corporation to sell its publishing division Time Inc., shedding itself of the vast majority of its magazines, according to three people briefed on the discussions who could not comment publicly on preliminary and private conversations.The deal being discussed...

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Apple’s Cook Calls Hedge Fund Manager’s Lawsuit a ‘Sideshow’

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook said the board is carefully considering David Einhorn's proposal for the company to issue preferred stock and return more cash to investors, but he called a lawsuit brought by the star hedge fund manager against Apple a "silly sideshow." Waving aside Einhorn's assertion that Apple is clinging to a "Depression-era" mentality, Cook...

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