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Pope Benedict XVI resigns effective February 28

Monday, February 11, 2013 Earlier today, the Vatican announced that Pope Benedict XVI plans to step down from his position as leader of the Roman Catholic Church effective February 28. The Pope gave reasons in a statement: “After having repeatedly examined my conscience before God, I have come to the certainty that my strengths, due…

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Swiss reject single health insurance

Monday, March 12, 2007 24 of 26 Swiss Cantons rejected the proposal for a single health insurance system, in which premiums would be based on income and wealth. The vote on Sunday was the latest in a series of attempts to cut rising costs and ease the financial burden on citizens. Around 71% of voters…

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Giant tuna sold for $177,000 at Japanese fish market

Wednesday, January 6, 2010 File:Tuna.jpg This Tuesday, at a wholesale auction at the Tsukiji fish market in Tokyo, a 512-pound bluefin tuna was sold for over sixteen-million yen ($177,000 USD). The great fish was bought and then shared by the owners of a local sushi restaurant and a Hong Kong-based dining establishment. This tuna is…

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MetLife to acquire Travelers Life and Annuity from Citigroup

Monday, January 31, 2005 Metlife announced on 01/31/05 that they were going to acquire Travelers Life and Annuity from Citigroup. Travelers Life and Annuity is an insurance underwriter. MetLife is a large life insurance and annuities underwriter. MetLife will have to borrow a lot of money to pay for the company, so rating agencies like…