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Tiny homes for $500,000 in three L.A. County communities

Here's a look at homes under 1,000 square feet that are listed for roughly $500,000 in Long Beach, South L.A. and El Sereno in L.A. County.




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Billie Eilish to give ‘special performance’ at Oscars ceremony


Newly minted Grammy-winner Billie Eilish will perform live at the Oscars ceremony next month.




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Leslie Wexner to step down from Victoria’s Secret parent company


Billionaire entrepreneur Leslie Wexner, under fire for his ties to the disgraced late financier Jeffrey Epstein and allowing a culture of sexual harassment.




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His comedy mocks Germany’s history, but he’s thinking about leaving


Shapira burst into Germany’s consciousness on New Year’s Eve 2015, when several Arab men beat him on a Berlin metro train because he had objected to their singing anti-Israel and antisemitic chants.




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Easyjet passengers with May half-term flights can swap them for 'anytime, anywhere' trips

Exclusive: the so-called 'Martini' offer means a passenger with a £40 hop across the Irish Sea and back could swap for a £900 return to Cyprus




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The Top Ten: Backronyms

From the USA Patriot Act and Gross to Spectre and Start...




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An agency hid Tesla crash data for nearly two years. Is that any way to build trust in driverless cars?

It was an extraordinary vote of confidence for autonomous driving by the nation's top vehicle safety agency.




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SUVs have made a startling rise in Germany. Now comes the backlash

Tensions boiled over this month when a Porsche Macan jumped a curb in central Berlin and plowed into a crowd of pedestrians, killing four.




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LeBron James, Bad Bunny, Jonas Brothers to throw class of 2020 a virtual graduation

The LeBron James Family Foundation announced Wednesday that it will pay tribute to the class of 2020 with a star-studded, multimedia event May 16.




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Tony Allen, famed Afrobeat drummer with Fela Kuti, dies at 79

Nigerian percussionist Tony Allen was best known for his work with Afrobeat pioneer Fela Kuti's band Africa 70 and went on to play with Damon Albarn and Flea.




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'Central Park Five' composer Anthony Davis wins the Pulitzer Prize for music

Anthony Davis shares the accidentally amusing way he learned that "The Central Park Five," which premiered at Long Beach Opera, had won the Pulitzer.




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Peter H. Hunt, Tony winner for '1776' and 'Touched by an Angel' director, dies at 81

Peter H. Hunt followed his success of '1776' with a long film and TV career, plus a decade as artistic director of the Williamstown Theatre Festival.




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Fran Drescher says she had to fight to let 'The Nanny' be Jewish

On Los Angeles magazine's new podcast, "The Originals," Fran Drescher recalls advertisers demanding her "Nanny" character be Italian instead of Jewish.




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Review: 'Upload' offers a familiar digital future. But the details make it disturbingly funny

In 'Upload,' a new Amazon comedy from 'The Office' and 'Parks and Recreation' whiz Greg Daniels, Robbie Amell stars as a man in a (digital) afterlife.




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Man Utd and Newcastle given Donny van de Beek transfer boost as ‘verbal agreement’ emerges



Manchester United and Newcastle have both been linked with summer transfer raids for Ajax midfielder Donny van de Beek.




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Premier League urged to deny Liverpool title and dash Leeds promotion dream



Former Crystal Palace owner Simon Jordan has called on the Premier League to scrap the season.




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Germany second wave worry as towns bring BACK coronavirus lockdown after spike in cases



TWO of Germany's local authorities will bring back certain lockdown measures in some areas following an increase in infections after the government's easing of restrictions.




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Pirates of the Caribbean 6: Fans DEMAND Johnny Depp's Jack Sparrow – 'Absurd without him'



PIRATES OF THE CARIBBEAN 6 may go ahead without Johnny Depp's Jack Sparrow and fans are having none of it.




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Masters hero Danny Willett relives 'bonkers' 2016 triumph at Augusta



The Masters is all about the roars that sweep around Augusta National on the back nine on a Sunday but sometimes it is a different noise that carries through golf's most evocative landscape. The collective gasps of thousands of patrons; the soundtrack to calamity.




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Money saving hacks: How you could save over £650 in a year - from just one penny



MONEY saving hacks are something which many people will look to adopt in their lives, be it for a financial milestone or for a rainy day fund. And, there may be a way in which some soon see their spare cash add up.




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Germany second wave worry as towns bring BACK coronavirus lockdown after spike in cases



TWO of Germany's local authorities will bring back certain lockdown measures in some areas following an increase in infections after the government's easing of restrictions.




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Inverness boss John Hughes offers Anthony Stokes an exit from Celtic exile by Ronny Deila



JOHN HUGHES has told Anthony Stokes a loan move to Inverness could help him save his Celtic career.




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Andrew Lloyd Webber musicals: How many musicals has he written? Which ones?



ANDREW LLOYD WEBBER is a household name thanks to his incredible composing work - but how many musicals has he written, and which ones?




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Andrew Lloyd Webber children: Does Andrew Lloyd Webber have any children?



ANDREW LLOYD WEBBER is a famous composer whose musicals are loved by many - but does the famous writer have children?




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Man Utd and Newcastle given Donny van de Beek transfer boost as ‘verbal agreement’ emerges



Manchester United and Newcastle have both been linked with summer transfer raids for Ajax midfielder Donny van de Beek.




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Pirates of the Caribbean 6: Fans DEMAND Johnny Depp's Jack Sparrow – 'Absurd without him'



PIRATES OF THE CARIBBEAN 6 may go ahead without Johnny Depp's Jack Sparrow and fans are having none of it.




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Field Service Engineer II (Syracuse, NY)

Mitsubishi Electric Automation, Inc. Equal Opportunity Employer: Mitsubishi Electric Automation, Inc. ("MEAU") is committed to the employment and advancement of minorities, females, individuals with disabilities, and veterans. We are an equal opportunity employer and do not discriminate in hiring




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Field Service Engineer II (Syracuse, NY)

Mitsubishi Electric Automation, Inc. Equal Opportunity Employer: Mitsubishi Electric Automation, Inc. ("MEAU") is committed to the employment and advancement of minorities, females, individuals with disabilities, and veterans. We are an equal opportunity employer and do not discriminate in hiring




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Destiny 2 Trials of Osiris: New rewards, May loot and map news for this week



THE next Destiny 2 Trials of Osiris event is here and now we know a lot more about the loot and rewards available on PS4, Xbox One and PC this week.




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Anthony Joshua vs Kubrat Pulev could take place in one of three counties - Eddie Hearn



Anthony Joshua vs Kubrat Pulev was supposed to take place on June 20 in London.




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Mike Tyson vs Danny Williams 2 in the pipeline as Brit's agent 'awaits answer' from legend



Mike Tyson has talked possibly coming out of retirement to fight in charity exhibition match-ups.




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Anthony Joshua next fight: Eddie Hearn reveals AJ's next outing could be abroad



Anthony Joshua is scheduled to return to action in July.




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Anthony Joshua vs Tyson Fury: Status of Middle East fight talks revealed by promoter



Anthony Joshua and Tyson Fury are within touching distance of fighting one another.




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Boxing news: Anthony Joshua twist, Mike Tyson return slammed, Floyd Mayweather statement



Boxing news - Express Sport brings you the latest ongoings in the boxing world, including updates on Anthony Joshua, Mike Tyson and more.




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Tyson Fury promoter claims Anthony Joshua not truly keen on heavyweight unification fight



A heavyweight title unification between Anthony Joshua and Tyson Fury is closer than ever.




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Floyd Mayweather rules out Conor McGregor and Manny Pacquiao bouts by declaring retirement



Floyd Mayweather has flirted with coming out of retirement for a third time.




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Germany PANIC: Merkel ally ‘worried’ about hard Brexit as Boris stands firm on deadline



GERMANY is worried about the possibility of a hard Brexit as trade negotiations between the UK and the EU have so far resulted in very little progress.




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Man Utd and Newcastle given Donny van de Beek transfer boost as ‘verbal agreement’ emerges



Manchester United and Newcastle have both been linked with summer transfer raids for Ajax midfielder Donny van de Beek.




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McEnany is off to a shameless start at Trump's White House, but she's better than nothing

White House Press Secretary Kayleigh McEnany is dishonoring her position. But her press briefings establish a record on which to judge Donald Trump.

      




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This is the only remaining tiny statue out of 20 placed around Indianapolis in 2009

IndyStar reporter Domenica Bongiovanni searched for tiny statues hidden by artist Dominic Sansone in 2009 for a Herron art class.

      




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For Indy concert company, coronavirus presents puzzle of postponed and rescheduled dates

Efforts to stop the spread of COVID-19 translate into a financial challenge for nearly everyone connected to the production of live music.

      




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Retro Indy: Tony Kiritsis was a very angry man

He wired a shotgun to a mortgage banker's neck and abducted him on live TV, but he was found not guilty by reason of insanity.

      




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Carmel partners with company to test residents' feces for coronavirus

How many people have coronavirus in Carmel? The city soon may soon get a better picture — by testing residents' feces.

       




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Organizations participating in #GivingTuesdayNow; Tony Kanaan fundraising for Riley

The people behind GivingTuesday launched the #GivingTuesdayNow campaign to ask people to be kind and generous during the novel coronavirus outbreak.

       




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Could Germany afford Irish, Greek and Portuguese default?

The Western world remains where it has been for some time, delicately poised between anaemic recovery and a shock that could tip us back into economic contraction.

Perhaps the most conspicuous manifestation of the instability is that investors can't make up their minds whether the greater risk comes from surging inflation that stems largely from China's irrepressible growth or the deflationary impact of the unsustainable burden of debt on peripheral and not-so-peripheral eurozone (and other) economies.

And whence do investors flee when it all looks scary and uncertain, especially when there's a heightened probability of specie debasement - to gold, of course.

Unsurprisingly, with the German finance minister, Wolfgang Schauble, implying that a writedown of Greece's sovereign obligations is an option, and with consumer inflation in China hitting 5.4% in March, there has been a flight to the putative safety of precious metal: the gold price hit a new record of $1,480.50 per ounce for June delivery yesterday and could well break through $1,500 within days (say the analysts). Silver is hitting 30-year highs.

In a way, if a sovereign borrower were to turn €100bn of debts (for example) into an obligation to repay 70bn euros, that would be a form of inflation - it has the same economic impact, a degradation of value, for the lender. But it is a localised inflation; only the specific creditors suffer directly (though there may be all sorts of spillover damage for others).

And only this morning there was another blow to the perceived value of a chunk of euro-denominated sovereign obligations. Moody's has downgraded Irish government debt to one level above junk - which is the equivalent of a bookmaker lengthening the odds the on that country's ability to avoid controlled or uncontrolled default.

Some would say that the Irish government has made a start in writing down debt, with the disclosure by the Irish finance minister Michael Noonan yesterday that he would want to impose up to 6bn euros of losses on holders of so-called subordinated loans to Irish banks.

But I suppose the big story in the eurozone, following the decision by the European Central Bank to raise interest rates, is that the region's excessive government and bank debts are more likely to be cut down to manageable size by a restructuring - writedowns of the amount owed - than by generalised inflation that erodes the real value of the principal.

The decision of the ECB to raise rates has to be seen as a policy decision that - in a worst case - a sovereign default by an Ireland, or Greece or Portugal would be less harmful than endemic inflation.

But is that right? How much damage would be wreaked if Greece or Ireland or Portugal attempted to reduce the nominal amount they owe to levels they felt they could afford?

Let's push to one side the reputational and economic costs to those countries - which are quite big things to ignore, by the way - and simply look at the damage to external creditors from a debt write down.

And I am also going to ignore the difference between a planned, consensual reduction in sums owed - a restructuring that takes place with the blessing of the rest of the eurozone and the International Monetary Fund - and a unilateral declaration of de facto bankruptcy by a Greece, Ireland or Portugal (although the shock value of the latter could have much graver consequences for the health of the financial system).

So the first question is how much of the impaired debt is held by institutions and investors that could not afford to take the losses.

Now I hope it isn't naive to assume that pension funds, insurance companies, hedge funds and central banks that hold Greek, or Irish or Portuguese debt can cope with losses generated by a debt restructuring.

The reason for mild optimism in that sense is that those who finance investments made by pension funds and insurers - that's you and me by the way - can't get their money out quickly or easily. We simply have to grin and bear the losses to the value of our savings, when the stewards of our savings make lousy investment decisions.

As for hedge funds, when they make bad bets, they can suffer devastating withdrawals of finance by their investors, as and when the returns generated swing from positive to negative. But so long as those hedge funds haven't borrowed too much, so long as they are not too leveraged - and most aren't these days - the impact on the financial system shouldn't be significant.

Finally, if the European Central Bank - for example - ends up incurring big losses on its substantial holdings of Greek, Portuguese and Irish debt, it can always be recapitalised by solvent eurozone nations, notably by Germany and France.

However this is to ignore the node of fragility in the financial system, the faultline - which is the banking industry.

In the financial system's network of interconnecting assets and liabilities, it is the banks as a cluster that always have the potential to amplify the impact of debt writedowns, in a way that can wreak wider havoc.

That's built into their main function, as maturity transformers. Since banks' creditors can always demand their money back at whim, but banks can't retrieve their loans from their creditors (homeowners, businesses, governments), bank losses above the norm can be painful both for banks and for the rest of us.

Any event that undermines confidence in the safety of money lent to banks, will - in a best case - make it more difficult for a bank to borrow and lend, and will, in the worst case, tip the bank into insolvency.


Which, of course, is what we saw on a global systemic scale from the summer of 2007 to the end of 2008. That's when creditors to banks became increasingly anxious about potential losses faced by banks from a great range of loans and investments, starting with US sub-prime.

So what we need to know is whether the banking system could afford losses generated by Greek, Irish and Portuguese defaults.

And to assess this, we need to know how much overseas banks have lent to the governments of these countries and also - probably - to the banks of these countries, in that recent painful experience has told us that bank liabilities become sovereign liabilities, when the going gets tough.

According to the latest published analysis by the Bank for International Settlements (the central bankers'central bank), the total exposure of overseas banks to the governments and banks of Greece, Portugal and Ireland is "just" $362.2bn, or £224bn,

Now let's make the heroic guess that a rational writedown of this debt to a sustainable level would see a third of it written off - which would generate $121bn (£75bn) of losses for banks outside the countries concerned.

If those loans were spread relatively evenly between banks around the world, losses on that scale would be a headache, but nothing worse.

But this tainted cookie doesn't crumble quite like that. Just under a third of the relevant exposure to public sector and banks of the three debt-challenged states, some $118bn, sits on the balance sheets of German banks, according to the BIS.

For all the formidable strength of the German economy, the balance sheets of Germany's banks are by no means the strongest in the world. German banks would not be able to shrug off $39bn or £24bn of potential losses on Portuguese, Irish and Greek loans as a matter of little consequence.

This suggests that it is in the German national interest to help Portugal, Ireland and Greece avoid default.

If you are a Greek, Portuguese or Irish citizen this might bring on something of a wry smile - because you would probably be aware that the more punitive of the bailout terms imposed by the eurozone on these countries (or about to be imposed in Portugal's case) is the expression of a German desire to spank reckless borrowers.

But as I have mentioned here before, reckless lending can be the moral (or immoral) equivalent of reckless borrowing. And German banks were not models of Lutheran prudence in that regard.

If punitive bailout terms make it more likely that Ireland, Greece or Portugal will eventually default, you might wonder whether there has been an element of masochism in the German government's negotiating position.




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Why 'aggressive' IU basketball target Anthony Harris says Hoosiers would be a good fit

Victor Oladipo made the move from Team Takeover to IU star. Hoosiers have their sights set on another guard from his AAU team.

      




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100 greatest Colts of all-time: Who's No. 1, Johnny Unitas or Peyton Manning?

The Baltimore and Indianapolis Colts have a rich tradition and it's reflected when ranking the best players in franchise history

      




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Dünya Gündemi

Dünya Gündemi'ni Çarşamba ve Cuma günleri 10:30'da, Cumartesi günleri 20:30'da NTV'de izleyebilirsiniz.




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Mr. Basketball Anthony Leal well-equipped to understand expectations that await at IU

Anthony Leal put individual numbers aside at Bloomington South. The result was a 26-0 record.

       




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Former Eli Lilly head Richard Wood dies; led company for nearly two decades

Richard Wood led Eli Lilly and Co. through prosperous times, thanks to products like Prozac. Colleagues say his foresight paid off.