Switzerland's largest banks are to charge fees and pay negative interest rates on Swiss franc deposits made by rivals to encourage them to limit their holdings of the currency. To shield the economy from deflation and a recession, the Swiss National Bank set a floor of 1.20 francs per euro in September 2011 after safe-haven buyers anxious about the euro zone debt crisis pushed the franc close to parity with the euro.

A failure by  Congress and the White House to reach a deal over spending cuts and tax increases by the end of the year would blow a hole in state budgets and cause a likely recession, a bipartisan group of governors said after meeting with President Obama and Vice President Joe Biden at the White House.

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New York Times Co. CEO Mark Thompson, who was interviewed a week ago in London in connection with the BBC scandal involving sex abuse claims against former TV host Jimmy Savile, notified the paper’s staff in a memo today that conclusion of the investigation has been delayed. As a result Thompson, a former BBC director general who had planned to face Times staff questions December 17th and 18th, said those meetings won’t take place until “early in the new year

Apple is expanding the iPhone 5 availability to 55 new countries this month. On December 7 the Apple's thinnest and lightest is coming to the Samsung's homeland - South Korea.

A week later, on December 14, the iPhone 5 will land in 33 more markets. Those include Albania, Antigua and Barbuda, Armenia, Bahamas, Bahrain, Bolivia, Brazil, Chile, China, Costa Rica, Cyprus, Ecuador, Grenada, Indonesia, Israel, Jamaica, Jordan, Kuwait, Macedonia, Malaysia, Moldova, Montenegro, Panama, Paraguay, Philippines, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Turkey, United Arab Emirates and Venezuela.

December 21 is when another wave of countries will get to join on the iPhone 5 fun - Barbados, Botswana, Cameroon, Central African Republic, Egypt, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Niger, Senegal, St. Kitts, St. Lucia, St.Vincent & the Grenadines, Tunisia, Uganda and Vietnam.

The iPhone 5 is already available in 47 countries and with these new addition the list grows to 102, making this the quickest rollout of any iPhone to date.

Source | Via

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The speed by which oceans' acid levels have risen has caught scientists off-guard.Oceans' rising acid levels have emerged as one of the biggest threats to coral reefs, acting as the "osteoporosis of the sea" and threatening everything from food security to tourism to livelihoods.As carbon dioxide continues to build up in the atmosphere as a result of burning fossil fuels, the seas absorb much of it.The full effects have yet to be felt.

growing number of Republicans in the House of Representatives - including a handful of Tea Party-backed conservatives - are signaling greater flexibility than their leaders to reach a "fiscal cliff" deal with President Barack Obama. They are not buckling on demands to slash spending or agreeing with Obama's exact proposals to avert across-the-board tax hikes and spendinggrowing number of Republicans in the House of Representatives - including a handful of Tea Party-backed conservatives - are signaling greater flexibility than their leaders to reach a "fiscal cliff" deal with President Barack Obama. They are not buckling on demands to slash spending or agreeing with Obama's exact proposals to avert across-the-board tax hikes and spending

 We've been hearing promises and seeing demos of flexible displays for a while now. So long that it seems as though the tech may never arrive, but a new report is saying that we could actually see flexible displays as soon as next year, and that Samsung could be leading the pack, at least that's what the BBC is saying. 

The United States has been this route before with Egypt. The US is praising Egypt's leader for championing Israeli-Palestinian peace efforts but is also expressing concern over his commitment to democracy at home.An Islamist-led assembly finalized a new constitution early on Friday aimed at transforming Egypt and paving the way for an end to a crisis that erupted when President Mohamed Mursi gave himself sweeping new powers last week. Mursi said his decree halting court challenges to his decisions

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If you're going to be buying (or receiving) a new iOS device over the holidays, you're going to wantii  tograb the hottest apps to see what the App Store has to offer. But with close to 750,000 apps available, it can be a bit daunting to figure out which ones to choose.

To get you started, I put together a list of apps that include both all-time hits and up-and-coming new software. Each of these is available for iPhone, iPad, or iPod Touch, and give you a sampling of what your new iOS device can do.

(Credit: Screenshot by Jason Parker/CNET)

PhotoToaster
There are a ton of photo-editing apps in the App Store with some made for social networks such as Instagram, and others that offer more features for tweaking your images. But in a sea of photo-editing apps, PhotoToaster is a great place to start.

PhotoToaster has long been a favorite of mine with easy-to-use basic editing tools, tons of effects you can preview by tapping your finger, and other handy tools to enhance parts of your images for the best look possible. When you're finished tweaking your photo, you can save it, e-mail it, send it via text message or to one of many social networking sites, and even make it into a physical post card.

(Credit: Screenshot by Jason Parker/CNET)

Angry Birds Star Wars
Angry Birds is easily the most popular game of all time on iOS devices and -- once you play this cute and addictive sequel -- you'll immediately see why. The simple concept of flinging birds into structures and causing the most damage possible is easy to understand and enjoy whether you're 8 years old or 80.

While an Angry Birds game might be an obvious choice for a list like this one, Angry Birds Star Wars really impressed me beyond what I thought it could using more than just a "Star Wars" backdrop. New "Star Wars"-themed bird types, music from the movies, and intricately designed levels make this game an excellent choice, even without the popular gaming franchise that came before it.

Is Obama worthy of his Nobel Peace Prize?

To our deepest regret, current U.S. President Barack Obama, supposedly democratic and humanist, did not support the admission of Palestine at the UN.

This constitutes a dramatic political mistake. It will harm Israel, which grows more and more isolated on the international scene and constitutes, once again, an equally unforgivable personal moral failing from this Nobel Peace Prize winner – an honor that he received too soon and which has indeed turned out not to be merited. Unlike the political and diplomatic courage showed by two of his predecessors, President Jimmy Carter with the Camp David accords and President Bill Clinton with the Oslo accords, Barack Obama only serves– in this particular case– the short-term vision of an absurd and inconsistent Realpolitik. We could say– without wanting to offend anyone – that he is blindly serving Israel, a country that refuses to listen to legitimate Palestinian demands.

The U.S. president is making a colossal strategic mistake. While he persists in depriving Palestinians from their legitimate state, he takes the risk of encouraging war – a bloody and endless war – rather than peace. The irony, for Nobel Peace Prize winner, is huge.

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