Taiwan ebullient over Ang Lee's Oscar

STORY HIGHLIGHTSAng Lee's name beamed on building in Taiwan after Oscar winLee, born in Taiwan, won award for best director for "Life of Pi"Lee's win created excitement in Taiwan and China, both claimed him as their ownRyan: "In some ways it feels like 'Linsanity' all over again"Editor's note: Andrew Ryan is a host and producer at Radio Taiwan International, a government-owned station that broadcasts...

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Chicago archdiocese to close 5 schools in cost-cutting move

Budget cuts announced Wednesday by the Archdiocese of Chicago signal that the area's Roman Catholics are entering a period of...

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Low-key departure as pope steps down and hides away

VATICAN CITY (Reuters) - Pope Benedict slips quietly from the world stage on Thursday after a private last goodbye to his cardinals and a short flight to a country palace to enter the final phase of his life "hidden from the world". In keeping with his shy and modest ways, there will be no public ceremony to mark the first papal resignation in six centuries and no solemn declaration ending...

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Minnesota takes down No. 1 Indiana 77-73

MINNEAPOLIS (AP) — Retaining that No. 1 national ranking has been elusive throughout this wild season in college basketball, and Indiana was the latest to lose at the top — again.Most important and maybe more challenging for the Hoosiers, however, is holding on to first place in the tough-as-ever Big Ten.Trevor Mbakwe had 21 points on 8-for-10 shooting and 12 rebounds to help Minnesota take down top-ranked...

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Yahoo CEO right to cut remote work

STORY HIGHLIGHTSRaymond Fisman: Marissa Mayer needs to revive Yahoo, and face time at the office is keyFisman: Granted, this goes against Utopian vision of everyone working from cafes Fisman: In-person work means innovations, avoids misunderstood directivesHe says more jobs will get done and it'll encourage those who work in a half-empty officeEditor's note: Raymond Fisman is the Lambert Family professor...

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Kelly easily wins Democratic race to replace Jackson Jr.

Former state Rep. Robin Kelly easily won the special Democratic primary Tuesday night in the race to replace the disgraced Jesse...

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World shares slide on Italy vote, German Bunds gain

LONDON (Reuters) - Italy's inconclusive election result sparked a selloff on world equity markets on Tuesday and sent safe-haven German bond yields sharply lower as investors feared a resurgence of the euro zone debt crisis. The euro briefly touched a seven-week low against the dollar to trade near $1.30 after no clear majority emerged from the vote, raising the prospect of weeks of political...

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Vatican 'Gay lobby'? Probably not

STORY HIGHLIGHTSBenedict XVI not stepping down under pressure from 'gay lobby,' Allen saysAllen: Benedict is a man who prefers the life of the mind to the nuts and bolts of government However, he says, much of the pope's time has been spent putting out firesEditor's note: John L. Allen Jr. is CNN's senior Vatican analyst and senior correspondent for the National Catholic Reporter.(CNN) -- Suffice...

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Chicago could see 6 inches of snow in Tuesday storm

Abundant sunshine and temperatures close to 50 degrees in the past few days teased sober Midwestern sensibilities.Encouraged...

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Yen slumps on Bank of Japan report, eyes on Italy vote

LONDON (Reuters) - The yen hit a 33-month low against the dollar on reports that a strong supporter of aggressive monetary easing is likely to head the Bank of Japan, while Italian assets gained as markets await the outcome of national elections. Britain's pound also slumped against the dollar, hitting a 2-1/2 year low, following Moody's downgrade of the country's prized triple-A rating...

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