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  • In November 1941, two warships from Australia and Germany clashed off the coast of western Australia. Both sank. Despite extensive search efforts during and after World War II, the ships weren't found until 2008, after a team of psychologists analyzed the statements given by the surviving German crew members.
  • Community banks and credit unions are attracting consumers as big banks add fees for accounts that used to be free. Smaller institutions can still afford to offer the service because they aren't affected by a law that cuts debit card fees for large banks.
  • The high price of gold and other precious metals is encouraging a new breed of gold diggers: traveling estate buyers who temporarily set up shop in hotels. They offer to pay cash on the spot for gold, diamonds, old Rolexes and collectibles.
  • The Greek government hoped to pass a new tax law in Parliament on Tuesday, despite wide opposition to the move by a Greek public already suffering under a policy of strict austerity. Ministers said the new property tax, which would be added to people's electricity bills, was needed to persuade the IMF and EU to release more bailout funds to prop up the Greek economy.
  • For a long time, much of the world saw the eurozone sovereign debt crisis as Europe's problem. Now world leaders, including the United States, realize a eurozone meltdown could have dire consequences for everyone. They are working up a massive rescue plan whose contours are beginning to emerge. Although Britain does not use the euro, that nation's politicians are using their party conventions to issue dire warnings about the euro's fate. And one eminent economist is proposing a novel solution to limit the impact of the European debt crisis.
  • Republicans say the impasse underscored why it's important to scrutinize government spending. Democrats say they stood up for important programs.
  • But the housing sector is "still far from a sustained recovery," according to economists who produce the widely watched S&P/Case-Shiller index.
  • A Harvard School of Public Health study of more than 50,000 nurses suggests the more caffeine they drank, the less likely they were to be diagnosed with depression. Researchers are calling for more study on why this might be.
  • The nation's governance crisis, driven by economic anxiety, is the political equivalent of what meteorologists call a "blocking pattern" where storm systems get stuck over a particular region due to stationary high pressure systems that prevent the turbulent weather from passing along in the normal way.
  • As many as 12 million computers worldwide have been infected with a highly encrypted computer worm called Conficker. Writer Mark Bowden details how Conficker was discovered, how it works, and the ongoing programming battle to bring down Conficker in his book Worm: The First Digital World War.
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