In any scandal, lying to Congress is tough to prove
WASHINGTON, D.C. - Whatever political problems Lois Lerner may have escalated for the Obama administration in the scandal over IRS scrutiny of conservative groups, history suggests neither she nor any other Internal Revenue Service official is likely to face criminal charges related to congressional testimony. Full Article | Video
Asian markets sell off on Bernanke remarks, China PMI
SINGAPORE - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
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Poor planning left Texas firefighters unprepared
WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found. Full Article | Related Story
Crackdown on radical Islamists tests Tunisia
TUNIS - For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities. Full Article
Man questioned on Boston blasts killed by FBI
ORLANDO, Fla./WASHINGTON - An FBI agent shot and killed a man of Chechen origin who turned violent while being questioned about his connection to Tamerlan Tsarnaev, one of two Chechen brothers suspected of carrying out the Boston Marathon bombings. Full Article
Apple takes center stage in tax fight
WASHINGTON - For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world. Now the iPad maker has taken the lead, perhaps inadvertently, on a top priority for U.S. business: simplifying America's tax code. Full Article
HP raises outlook as Whitman's plan takes hold
SAN FRANCISCO - Hewlett-Packard raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. Full Article
Tornado victims astounded at how they survived
MOORE, Oklahoma - Tornado survivors thanked God, sturdy closets and luck in explaining how they lived through the colossal twister that devastated an Oklahoma town and killed 24 people, an astonishingly low toll given the extent of destruction. Full Article | Video
Pfizer takes a shot at evasive superbug vaccine
CHICAGO - A microbiologist with at least two breakthrough vaccines to her name is turning her attention to taming the superbug MRSA, a drug-resistant bacterium that she has seen ravage a healthy man up close and personally. Full Article
Shock over London killing
May 23 - Residents in southeast London tell of their shock over the killing of a British soldier in a suspected Islamist attack. Paul Chapman reports.
Latest Headlines
Civil wars and Syria: lessons from history
Removing Assad would no more end the Syrian conflict than overthrowing Saddam Hussein in 2003 brought stability to Iraq. The U.S. must create a more integrated overall strategy, argue Michael O'Hanlon and Sean Zeigler. Commentary
Prosperity without power
Across the BRIC nations, frustrated members of the middle class are demanding change, but traditional power holders from Russia’s Vladimir Putin to India’s large political parties remain entrenched. Commentary
Apple, hypocrisy and stakeholder tax
Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue." It’s high time that companies admit taxes on profit are fair payments for the help that governments give them. Commentary
How much does Jamie Dimon matter?
To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes. Commentary
What Hollande can learn from Queen of Hearts
So far there has been little to show for his economic policies. Some actions have backfired and others have not gone far enough. Commentary
U.S. power: Down but still unrivaled
Beijing does not threaten to counterbalance U.S. power as gravely as America’s economy threatens to become imbalanced on its own. Commentary
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It's time for iTax
Rob Cox and his Breakingviews colleagues discuss why Apple’s minimalist approach to devices should be applied to the overcomplicated U.S. tax code. Video
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