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Your Money
9:01 pm
Tue January 24, 2012

How To Avoid 'Bill Shock' From Smartphone Use

Credit Kim Jae-Hwan / AFP/Getty Images
A woman uses her smartphone on a street in Seoul. New rules are on the way to protect consumers from expensive data roaming fees, but for now, phone owners can take steps to help themselves.

Americans who've been traveling abroad are all too often stunned by the size of their mobile phone bill. Even if they aren't actively using their phone, they can rack up hundreds, sometimes thousands, of dollars in charges — resulting in what consumer advocates call "bill shock."

Los Angeles resident Lisa French thought she was being careful when she took her smartphone on a trip to Japan.

"I was advised not to make any phone calls, as phone calls oversees are very, very expensive," she says.

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Sweetness And Light
9:01 pm
Tue January 24, 2012

As A Coach, Paterno Was One Of A Kind

Credit Patrick Smith / Getty Images
After former Penn State coach Joe Paterno's death was announced Sunday, fans paid their respects at a Paterno statue on campus. Paterno exerted a rare amount of control in his decades coaching football, says Frank Deford.

Now that Joe Paterno has passed on from Happy Valley, we must ponder whether we will ever see his like again.

But please: I am now, you understand, talking about Coach Paterno. Let us, for the moment, put aside how the old citizen whose credo was "Success With Honor" acted with regard to pedophilia: so without sensitivity, so irresponsibly, so –– ultimately –– cold-bloodedly. That will sully Paterno's memory forever.

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Energy
9:01 pm
Tue January 24, 2012

Is The Booming Natural Gas Industry Overproducing?

Credit Spencer Platt / Getty Images
Hydraulic fracturing wells have been producing a tremendous amount of natural gas — far more than the current demand. Above, a Cabot Oil & Gas natural gas drill at a fracking site in South Montrose, Pa.

Originally published on Wed January 25, 2012 9:25 am

The practice of hydraulic fracturing — pumping fluid into underground rock to push up natural gas — has its detractors, especially among environmentalists. But it's becoming clear that whatever its drawbacks, "fracking," as it's called, is producing a lot of gas — maybe too much gas.

Fracking was once a small part of the natural gas industry, a technique to get hard-to-reach deposits in underground shale. Then the technology improved, and the dinner bell rang. Everybody wanted in. Now there's so much gas on the market that the price is at a 10-year low.

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Africa
9:01 pm
Tue January 24, 2012

Nigeria's President Under Pressure To Quell Violence

Credit Aminu Abuabakar / AFP/Getty Images
Nigerian President Goodluck Jonathan (left) walks with the Emir of Kano Ado Bayero during a one-day visit to the city that was rocked by recent attacks.

Kano, the largest city in Nigeria's Muslim north, is an ancient, sprawling city of more than 9 million. Last Friday, the Muslim day of prayers was shattered by a series of coordinated bomb blasts.

Just down the street from one of the main market areas in the city, the street remains blocked off from a police station hit in the attacks. The radical Islamist sect Boko Haram claimed responsibility.

Sagir Ali, a security guard at a parking lot at the market, says he watched as nearby government offices were attacked.

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Middle East
9:01 pm
Tue January 24, 2012

Can Sanctions Alone Get Iran To Negotiate?

A problem with sanctions is they don't always work as intended.

If the U.S. and Europe don't buy Iran's oil, but other countries pick up the slack, for example, nothing is accomplished. Or if some Iranian oil is taken off the market but the price goes up, Iran could earn just as much from its oil even though it is selling less.

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