Morning Digest: Thai army chief urges rivals to talk after declaring martial law

	Click to View in Browser 05/20/2014 Thai army chief urges rivals to talk after declaring martial law BANGKOK (Reuters) - Thailand's army declared martial law nationwide on Tuesday to restore order after six months of street protests that have left the country without a proper functioning government, but insisted the surprise intervention was not a military coup.. Election officials at sharp end in separatist Ukraine city DONETSK, Ukraine (Reuters) - From a cramped office in residential Donetsk, election officials were frantically working on Sunday to prepare for Ukraine's May 25 presidential poll, despite what they described as intimidation and threats from pro-Russian separatists.. Credit Suisse escapes worst as it pleads guilty to U.S. charges WASHINGTON/NEW YORK/ZURICH (Reuters) - Credit Suisse on Monday became the largest bank in 20 years to plead guilty to a U.S. criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said.. Paul McCartney cancels Japan tour due to illness TOKYO (Reuters) - Former Beatle Paul McCartney has canceled his Japanese "Out There" tour due to a worsening viral infection and requires complete rest, concert organizers said on Tuesday.. Spurs silence Thunder with Game One win (Reuters) - San Antonio Spurs made the most of home court advantage as they delivered a superb offensive display to beat the Oklahoma City Thunder 122-105 on Monday in Game One of the Western Conference finals.. U.S. accuses China of cyber spying on American companies (Reuters) - The United States on Monday charged five Chinese military officers and accused them of hacking into American nuclear, metal and solar companies to steal trade secrets, ratcheting up tensions between the two world powers over cyber espionage.. Lockheed-Boeing venture says rocket launch costs lower than claimed by rival COLORADO SPRINGS Colo. (Reuters) - A joint venture of Lockheed Martin Corp and Boeing Co on Monday said its rocket launch costs were far lower than claimed by its rival, privately-held Space Exploration Technologies, or SpaceX, which is suing the U.S. government for shutting it out of the lucrative rocket launch business.. California cat that chased off attacking dog gets baseball invite (Reuters) - Tara, the California cat that became a YouTube sensation after being caught on video saving a boy from a dog attack, has been invited to "throw" the first pitch at a minor league baseball game, Bakersfield Blaze officials said on Friday.. Related Video AT&T stakes claim to DirecTV in merger wave Deal making frenzy grips Wall Street Great Debate AT&T puts shareholders on hold for DirecTV Europe slides towards the next Minsky Moment A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend

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Is household debt a key cause of recession? Posted: 19 May 2014 01:05 PM PDT During the Great American Recession of the 21st century, more than 8 million people lost their jobs and more than 4 million homes were lost to foreclosure. In the years immediately preceding the recession, Americans doubled their household debt to $14 trillion. According to a new book these events were directly related.

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