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NEW YORK -- AP -- There may be another billionaire interested in New York City's top job.

Jack Dorsey, co-founder of the popular social media service Twitter and the mobile payments startup Square, reportedly says he wants to be mayor of New York one day. Dorsey is from St. Louis. In an interview aired Sunday on "60 Minutes," CBS' Lara Logan said Dorsey is serious about moving to the Big Apple someday and running for mayor. Dorsey tells Logan that what he loves about New York is the electricity he feels when he's in the city.

In Forbes latest ranking of the 400 wealthiest Americans, a list which requires $1.2 billion in net worth for entry, newcomer Dorsey was listed at No. 392. Current mayor, Michael Bloomberg, is listed at No. 10 with an estimated net worth of $25 billion.
Monday, 18 March 2013 14:42
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ORLANDO, Fla. (AP) -- Authorities investigating the apparent suicide of a college student discovered weapons and explosive devices in a dorm on the University of Central Florida campus in Orlando early Monday, and hundreds of students were evacuated, though the school said there was no immediate threat.

University police were called to the dorm around 12:20 a.m. after a fire alarm went off, UCF spokesman Grant Heston said. While they were on their way to the scene, a 911 call came in about a man with a gun.

Arriving officers found a man dead from what appeared to be a self-inflicted gunshot wound inside a residence at the Tower 1 dorm. Heston said the man was a student at the university.

Heston said the dorm has suites, with a main kitchen and living area, along with four bedrooms. The dead man was inside one of the rooms. Inside the room, Heston said, police also found what they described as an assault weapon, a handgun and incendiary devices. Florida law prohibits the possession of guns on state university campuses.

"Obviously you never want somebody to commit suicide, but knowing what we know about what was in his room, we feel better at least that no one else was hurt," Heston said.

He said the Orange County Sheriff's Office and the FBI are helping with the investigation. The sheriff's bomb squad was examining the explosive devices Monday morning. Heston said they would remove the devices from the building once it's safe to do so - which they hoped to be around noon.

About 500 students were evacuated from the dorm, and Heston said it would remain closed until authorities give an all-clear on the building.

Morning classes were canceled Monday but were to resume at noon, Heston said. Flashing signs around the campus alerted students and staff about the canceled classes. Campus shuttle buses were lined up about a half-mile from campus, with drivers standing by once the campus opens. The university's main campus in Orlando has about 51,000 students.

Antonio Whitehead, 21, a junior from Hollywood, Fla., said he heard the fire alarm go off after midnight and thought it was a routine alarm. He headed outside where he saw a crowd already heading across the street from the dorm.

"All of a sudden, I felt the crowd move a little faster. And a police officer with a machine gun or something told everyone to start moving a lot faster," he said.

Whitehead, who has lived in the dorm for two years, said the students were moved to an open area about 1,000 feet from UCF Arena. The area is a busy section of the campus, with restaurants and shops nearby.

Grant Hernandez, 20, a sophomore from Orlando who also is a resident at the dorm, said he woke up sometime after midnight when police were evacuating the building.

"We weren't allowed to get our cars. We weren't allowed to get our personal effects," Hernandez said.

"All we saw were people running, and they were not telling us what was going on," he added. "We were left unsure of things. It wasn't till about 6 o'clock that we got more information and a clearer picture of what was going on." He said officers on the scene began providing more information, and students checked updates on the university's website.

A statement there said the UCF Arena would open to accommodate displaced students. Counselors would be available to talk to students who need assistance.

The Tower 1 dorm is part of the school's popular Towers at Knight Plaza apartment building complex, according to UCF's website. Tower 1 has seven floors. The typical apartment layout has four bedroom and two bathrooms, the website says. Heston said the student who died had three roommates.

--- Associated Press writer Freida Frisaro in Miami contributed to this report.

© 2013 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED. Learn more about our PRIVACY POLICY and TERMS OF USE.
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NICOSIA, Cyprus (AP) — A plan to seize up to 10 percent of people's savings in the small Mediterranean island nation of Cyprus sent shockwaves across Europe on Monday as households realized the money they have in the bank may not be safe.

A weekend agreement between Cyprus and its European partners called for the government to raid bank accounts as part of a €15.8 billion ($20.4 billion) financial bailout, the first time in the eurozone's crisis that the prospect of seizing individuals' savings has been raised.

Facing outrage, Cyprus' government delayed a parliamentary vote on the seizure and ordered banks to remain shut until Thursday while it tries to modify the deal to reduce the hit on people with small deposits.

Several hundred people gathered outside the vacant parliament building, with some chanting "thieves, thieves."

"We're very angry, betrayed, hurt and extremely disappointed," said protester Andriana Constantinou.

In order to get €10 billion ($13 billion) in bailout loans from international creditors, Cyprus agreed to take a percentage of all deposits — including ordinary citizens' savings. The surprise deal stoked fears that deposits in other countries could be targeted.

"The damage is done," said Louise Cooper of CooperCity, a financial research firm. "Europeans now know that their savings could be used to bail out banks."

The euro and stocks around the world took a hit even though the Cypriot economy accounts for only 0.2 percent of the combined output of the 17 European Union countries that use the currency.

The Cypriot government is now trying to modify the terms of the original plan and in particular to get a better deal for small savers with less than €100,000. The weekend deal foresaw a one-off charge of 6.75 percent on those savings, rising to 9.9 percent for those above the €100,000 mark.

While trying to make the package more appetizing for those with low savings, the government has to make sure that the total raised remains the same at €5.8 billion.

One solution doing the rounds is to make the tax more graduated: placing a one-time 3 percent levy on deposits below €100,000, rising to 15 percent for those above €500,000.

Still, the government has a battle to get a majority in the 56-member Parliament after some 25 lawmakers from communist AKEL, socialist EDEK and the Green party said they would vote down the levy that they have criticized as disastrous.

The stakes are high for the country of a million people, because a rejection of the package could see the country go bankrupt and possibly out of the common euro currency. Officials also fear a run on Cypriot banks no matter which way the voting goes.
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Teachers in two metro-east school districts will lose their jobs because of budget cuts. School boards in both Collinsville and Belleville District 201 voted for layoffs Monday night.

Collinsville schools will be hit the hardest, with district officials voting to eliminate 16 full-time and three part-time teaching positions.

The Belleville district will cut three full-time teachers and one part-timer.

Both district boards say they have no choice but to make the cuts because the State of Illinois has failed to meet their financial obligations to the districts.
Monday, 18 March 2013 17:43
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