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Report Wants Europe's Banks to Wall off Risky Ops

Europe's banks should create a firewall between their traditional retail banking operations and more risky investment banking ones and force executives to personally take losses when their banks fail, a new expert report suggested Tuesday.

The continent's banks are in trouble: Government and real estate debt taken on in boom times — when both were considered safe — have plummeted in value. That's left many banks going hat in hand to their governments for rescue loans. But European governments are themselves struggling with high debt and are in many cases having difficulty helping their banks.

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Overnight Dementia 'Camp' Allows Caregivers Rest

Just after 10 p.m., when most people their age are going to sleep, a group of elderly folks suffering from dementia are just getting started, dancing and shaking tambourines and maracas in a raucous version of "La Bamba."

"It's a party," says an 81-year-old woman, among dozens of patients brought to a Bronx nursing home every night for a structured series of singalongs, crafts and therapy sessions that lasts until dawn.

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Jason Aldean Apologizes After Photos Released

Country star Jason Aldean has apologized to fans after pictures of him acting "inappropriately" last week popped up.

Aldean tweeted Sunday that he wanted to talk to fans directly instead of letting gossip websites tell his story. The tweet comes after photos appeared showing Aldean and former "American Idol" contestant Brittany Kerr together at a bar last Wednesday in Los Angeles. In one photo, they appear to kiss.

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Drew Barrymore Gives Birth to Her First Child

Drew Barrymore is a mom.

The 37-year-old actress and her husband, Will Kopelman, welcomed a baby girl named Olive Barrymore Kopelman on Sept. 26.

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California Law Bans Gay Teen 'Conversion' Therapy

California has become the first state to ban a controversial form of psychotherapy aimed at making gay teenagers straight.

Gov. Jerry Brown announced Sunday that he had signed SB1172 by Democratic Senator Ted Lieu of Torrance. The law, which prohibits sexual orientation change efforts for anyone under 18, will stop children from being psychologically abused, Lieu said.

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Eurozone Unemployment Steady at Record 11.4 Pct

Official data show that unemployment in the 17 countries that use the euro remained at its record high of 11.4 percent in August.

While European leaders have managed to calm financial markets in recent months with promises to cut spending and build a tighter union, they have been unable to halt the rising tide of joblessness.

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Buffett's Kids Use Dad's Ideas to Invest in Giving

As they work to give away part of Warren Buffett's roughly $47 billion fortune, his three children have adopted an approach that looks remarkably similar to their father's technique for making all that money.

Like Buffett, each relies on tiny staffs. And just like their father invests only in businesses he understands, they restrict their giving to their targeted projects.

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Schwarzenegger Kept Many Secrets from Wife Maria

Arnold Schwarzenegger says his lifelong penchant for secrecy and ability to put his emotions "on deep freeze" led him to keep many secrets from his wife Maria Shriver, eventually causing the dissolution of their marriage when he was forced to admit he fathered a child with the family's housekeeper years earlier.

Throughout their strained 25-year marriage, Schwarzenegger says he did not want to tell Shriver about crucial life decisions such as major heart surgery and running for California governor because he feared she would overreact and tell her well-connected family and friends.

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Lohan Thrown or Grabbed in NY Hotel Room

Lindsay Lohan got into an argument early Sunday with a 25-year-old man in her New York City hotel room over photos on a cellphone and she was physically grabbed or thrown, a law enforcement official said.

The official was not authorized to speak publicly about the encounter Sunday morning and spoke to The Associated Press on condition of anonymity.

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Officials Mull Seismic Tests Near U.S. Nuclear Plant

Plans to use an array of powerful air cannons in an undersea seismic study near a Central California nuclear power plant have federal and state officials juggling concerns over marine life with public safety.

Pacific Gas & Electric Co. wants to use big air guns to emit strong sound waves into a large, near-shore area that includes parts of marine reserves to make three-dimensional maps of fault zones, some of which were discovered in 2008, near its Diablo Canyon nuclear power plant.

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