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Dec 23, 2012

NYT Global Update (December 23, 2012).: Hedge Funds Reap Handsome Profits in Greek Debt Buyback

The New York Times International Herald Tribune
December 23, 2012
Compiled 21:45 GMT

Global Update

TOP NEWS

Hedge Funds Reap Handsome Profits in Greek Debt Buyback

By LANDON THOMAS Jr.
To some experts, the latest chapter in the Greek fiscal drama is a new reminder of how private investors have managed to outmaneuver Europe's officials at various stages of the debt crisis.

Syrian Strikes Said to Kill Dozens in a Bread Line

By KAREEM FAHIM
Activists said Syrian warplanes conducted deadly airstrikes that killed dozens of people lined up for bread at a bakery in the central town of Hilfaya.

As Charter Passes, Egyptians Face New Fights

By DAVID D. KIRKPATRICK and MAYY EL SHEIKH
An Islamist-backed constitution was approved by voters, propelling deeply split political factions into a new phase in the battle over Egypt's future.
Opinion

Opinion

An Improvable Feast

By PAUL GREENBERG and CARL SAFINA
An Italian Christmas Eve celebratory meal with an ecological twist.
Travel

Slide Show: Manifest Fantasy

Take a spin around Disney's New Fantasyland, the largest expansion in the history of the Magic Kingdom.
WORLD

In Ravaged Syria, Beach Town May Be Loyalists' Last Resort

By an EMPLOYEE of THE NEW YORK TIMES in SYRIA and NEIL MacFARQUHAR
The resort town of Tartus is seen as a possible place for Alawites, including President Bashar al-Assad, to establish a rump state if the government falls.

Russia Says It Won't Play Role in Ousting Syria's Leader

By ELLEN BARRY and KAREEM FAHIM
Comments by Russia's foreign minister came after recent signals that his country sees the military balance shifting in Syria, but still strongly opposes international intervention.

At a Sacred Site, a Fight Over Women and Prayer

By JODI RUDOREN
After years of legislative and legal fights, the movement for equal access for people to pray as they wish at the Western Wall has become a rallying cause for liberal Jews.
BUSINESS

A Fascination of Wall St., and Investigators

By JENNY ANDERSON, PETER LATTMAN and JULIE CRESWELL.
Interviews paint a complex portrait of Steven A. Cohen, the billionaire whose firm, SAC Capital, once employed several people whom a government inquiry has linked to insider trading.

Giving Mom's Book Five Stars? Amazon May Cull Your Review

By DAVID STREITFELD
Amazon's decision to delete thousands of book reviews has generated an uproar, but the company has not offered a public explanation for the sweeping purge.

The War Against Too Much of Everything

By JEFF SOMMER
Kalle Lasn of Adbusters magazine, who helped create Occupy Wall Street, is taking on what he sees as overconsumption of all kinds, most recently with a "Buy Nothing Christmas" campaign.
TECHNOLOGY
Digital Domain

The Learning Curve of Smart Parking

By RANDALL STROSS
In cities, smart-parking technology is designed to help solve traffic problems and make it easier to find available spaces. But the systems are still in the early stages.
The Boss

A Career Turn, Not on the Map

By BLAIR LaCORTE
The chief executive of XOJet describes the unexpected job that led him to many years of working in the technology field.

With a Click, a Meal and a Story

By ALEX VADUKUL
Kitchensurfing, an Internet start-up, is trying to make it as easy to find a private chef online as it is to book a room or order a book.
SPORTS

A Season of Seething With Discontent

By ROB HUGHES
With goalkeeper and club captain Iker Casillas sitting idle on the bench for the first time since May 2002, Real Madrid suffered its first loss to Málaga since 1983.

After Record Career, Tendulkar Retires From One-Day Cricket

By HUW RICHARDS
Sachin Tendulkar's decision implies that he intends to continue in five-day tests, taking a career that began when he was 16 up to and beyond his 40th birthday next March.

Being Considered the Next Serena Is a Compliment and a Detriment

By KAREN CROUSE
As 16-year-old Taylor Townsend gets ready to turn professional, she is drawing comparisons to Serena Williams - including unflattering references to her body type.
U.S. NEWS

For Many Poor Students, Leap to College Ends in a Hard Fall

By JASON DePARLE
The story of three friends from Galveston, Tex., seems less a tribute to upward mobility than a study of obstacles in an age of economic inequality.

Drought Threatens Shipping on Mississippi River

By JOHN SCHWARTZ
A section of the river was expected to be closed when levels dip so low that it will become dangerous for tugboats to travel without scraping the river bottom.
Genetic Gamble

Drugs Aim to Make Several Types of Cancer Self-Destruct

By GINA KOLATA
Three pharmaceutical firms are trying to restore a mechanism that normally tells cells to die if their DNA is badly damaged, an approach that might work against half of all cancers.
OPINION
Op-Ed Contributor

Stifling Progress in Russia and China

By CHARLES GRANT
Powerful interests in both countries are blocking sorely needed efforts to rebalance their economies.
Opinion

Ancient Buddhas, Modern Peril

By ANDREW LAWLER
Time has almost run out for archaeologists trying to excavate Buddhist monasteries in Afghanistan before a huge Chinese-led mining operation begins.
Op-Ed Columnist

When Bahrain Said: Get Lost

By NICHOLAS D. KRISTOF
Bahrain, our ally, is so determined to keep its repression from making headlines that it keeps American journalists, including yours truly, out of the country.