China's central bank to maintain prudent money policy
After long-awaited discussions, China is set to unveil a new deposit insurance system as early as the first half of 2015.
China's central bank governor Zhou Xiaochuan confirmed this at a news conference earlier today.
The scheme is an important part of any financial safety net. It is considered a precondition for China to free up deposit rates.
At the press conference, Zhou also stressed that the country is sticking to its prudent monetary policy despite the use of a string of new policy options.
Zhou also mentioned the possibility for China to fully liberalize interest rates.
China's central bank last month adjusted the upper limit of the floating band of deposit rates to 1.3 times the benchmark from the previous 1.2 times.
)China's chief justice expresses self-reproach for wrongful convictions
China's Chief Justice has expressed self-reproach for past miscarriages of justice and urged other judges to draw lessons from them.
Zhou Qiang made this remark Thursday, when delivering the work report of the Supreme People's Court to China's top legislature at its ongoing annual session.
In 2014, courts nationwide reheard 1,317 cases and corrected a number of wrongful convictions, according to Zhou's report.
On the same day, China's top prosecutor Cao Jianming also stressed in his report that preventing wrongful convictions is one of the highest callings to which prosecutors must always hold themselves.
China plants trees around Beijing to preserve water
More than 30-thousand hectares of forest have been planted around Beijing since 2009 as part of efforts to protect water along the border between the capital and neighboring Hebei Province.
The State Forestry Administration announced the number today, the 37th annual National Tree-Planting Day.
The trees have mainly been planted around the Miyun and Guanting reservoirs, two of the four main reservoirs that serve Beijing.
The effort has effectively reduced the amount of sediment that flows into the reservoirs.
Bodies Found after Black Hawk Crash in Florida
Human remains and helicopter parts have been recovered after a helicopter with seven Marines and four regular-army soldiers crashed in heavy fog during military training in Florida.
There were 11 service members on the Army National Guard Black Hawk helicopter that crashed offshore on Wednesday.
Major General Glenn H. Curtis of the Louisiana National Guard says he is not ruling out the possibility of finding survivors.
Military officials have not specified the cause of the crash, but the National Guard says the weather was bad. Another helicopter and crew ended training early and returned to base shortly before the crash.
Police probing threat to poison New Zealand infant formula
New Zealand Police have begun visiting food retailers around the country as they continue to investigate a threat to poison infant formula.
Deputy Commissioner Mike Clement says police have received 42 contacts from the public in relation to the probe, and all information is being thoroughly considered and dealt with appropriately.
Police have also identified a large number of people they want to talk to and it will take time to work through all of them.
Earlier, police revealed that letters sent to the Federated Farmers industry group and the Fonterra dairy cooperative were accompanied by small packages of milk powder that subsequently tested positive for the presence of a concentrated form of the pesticide 1080.
Two Police Officers Shot in Ferguson Incident
Two police officers have been shot during a protest in Ferguson, Missouri, right outside of the local police department.
The incident happened early in the morning on Thursday, local time. No details have been provided regarding the injuries to the officers.
A top police official says he doesn't believe either officer was a member of the local force in Ferguson.
Several dozen protesters had gathered in front of the Ferguson police department on Wednesday night, just hours after police chief Thomas Jackson had announced his resignation.
Protesters had been calling for the chief's resignation since the fatal shooting of Michael Brown, an unarmed black teenager, by Darren Wilson, a white police officer, last August.
New Alzheimer's research excites scientists
Scientists are expressing excitement and optimism about new research on Alzheimer's disease.
Researchers at the University of Queensland in Australia say they have found a way to treat the disease, and even restore memory, using existing technology.
They have found that the amyloid plaque that forms in the brain and damages synapses, leading to memory loss and dementia symptoms, can be broken up using non-invasive ultrasound technology.
They say the procedure is similar to what a dentist would do to remove plaque from teeth.
The procedure works without the need for drugs to treat the disease.