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Here are the top news headlines that may interest you for Wednesday, May 15th, 2013. Read, be informed, discuss, and prosper.

03700400 Justice Official Defends AP Phone Records Subpoenas “The Justice Department on Tuesday defended its decision to subpoena phone records from Associated Press bureaus and reporters, saying the requests were limited and necessary to investigate a leak of classified information.”

Study Finds College Education Leaves Majority Of Graduates Unprepared “The study, conducted by researchers at Columbia University, confirmed that a drastically high number of 22- to 24-year-olds lack even the most fundamental skills necessary to singlehandedly spark unbridled economic growth across the entire country for generations to come.”

Japanese Politician Calls Wartime Sex Slaves ‘necessary’ “Japanese officials have distanced themselves from comments made by a prominent nationalist politician that suggested women forced to become prostitutes to entertain Japanese troops during World War II were “necessary.”

Have a POS System on Your Ipad “This morning Square announced a new product that took me by surprise: the Square Stand, an iPad holder and credit card reader that’s meant to function as a point-of-sale system for high-volume small businesses like restaurants and cafes. The Square Stand costs $299, which is far more expensive than zero, which is what Square charges for the tiny credit card reader that made it famous.”

See Also:  Five Things You Need to Know (4/16/2013)

Student Loan Myth Maps(Interesting) “One of the nuances that often gets lost in discussions about student debt is that the biggest borrowers aren’t necessarily the riskiest borrowers. There are many people who take out modest loans but have trouble paying them back, either because they fail to graduate or because their degree doesn’t open many doors in the job market.”