People queue to use an ATM outside of a Laiki Bank branch in Larnaca, Cyprus, on Saturday. Many rushed to cooperative banks after learning that the terms of a bailout deal with international lenders includes a one-time levy on bank deposits.
There's news from Cyprus that could have broader implications for Europe when the eurozone's banks open Monday.
It comes a day after officials from the eurozone and the International Monetary Fund signed off on a $13 billion bailout for Cyprus. The money was needed because Cyprus' banks lost 4.5 billion euros on their Greek bond holdings, which were written down last year after Greece's second bailout.
In the U.S., we drink $200 billion worth of the hops-brewed libation annually. What many Americans might not know is that most domestic beer, 90 percent in fact, is dominated by just two companies: Anheuser-Busch InBev and MillerCoors.
Originally published on Sun March 17, 2013 6:14 pm
We followed the news as the field was announced for this year's NCAA Men's Division I basketball championship and then topped things off with a little "advice" for those who enjoy filling brackets (obviously, wink-wink, The Two-Way does not endorse betting in office pools).
Many of the 35 million Americans of Irish descent are here due to the worst famine to hit Europe in the 19th century, the Irish potato famine.
It drove more than a million people to flee mass starvation, many climbing aboard ships they hoped would ferry them to a better life in the New World. But the fate they would meet on what came to be known as "coffin ships" was often as grim or worse than the fate they were leaving behind; 100,000 passengers didn't survive the journey.
Toyo Ito, a 71-year-old architect based in Japan, is the winner of the 2013 Pritzker Architecture Prize. The jury honored Ito for his more than four-decade career, in which he has created architecture that "projects an air of optimism, lightness and joy ... infused with both a sense of uniqueness and universality."