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Business Highlights

By The Associated Press

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Cypriot deposits grab shocks savers across Europe

NICOSIA, Cyprus (AP) â¿¿ 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 some households feared 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 tax 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 tapping individuals' savings has been raised.

Facing outrage, Cypriot authorities delayed a parliamentary vote on the move and ordered banks to stay shut until Thursday while it tries to modify the deal to reduce the hit on people with small deposits.

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Journalism study shows impact of cutbacks in news

NEW YORK (AP) â¿¿ Years of newsroom cutbacks have had a demonstrable impact on the quality of digital, newspaper and television news and in how consumers view that work, a study released Monday found.

Nearly one-third of consumers surveyed by the Pew Research Center's Project for Excellence in Journalism said they have abandoned a news outlet because it no longer gave them what they had counted on, either with fewer or less complete stories.

Pew's annual State of the News Media report delivered what has become a common litany of grim business statistics. Television news viewership is down. Newsroom employment at newspapers is down 30 percent since a peak in 2000 and has gone below 40,000 people for the first time since 1978.

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Monitoring your kids on Facebook? That's so 2009.

WASHINGTON (AP) â¿¿ By the time Facebook dominated social media, parents had joined the party, too. But the online scene has changed â¿¿ dramatically, as it turns out â¿¿ and these days even if you're friends with your kids on Facebook, it doesn't mean you know what they're doing.

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