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For bank account taxes. the governor of cyprus' central bank saying there should not be charges on accounts up to $129,000. he expects 10% of all the deposits to be taken out when banks reopen thursday. in a russian energy company is looking to cash in on all the mess. they're offering a to bail out cyprus in exchange for the rights to explore for natural gas. is this shocking? a historian revealing the wright brothers were actually second in flight. he says whitehead, a german, who emigrated to connecticut, made the first powered and controlled flight two years earlier. historians at the sm...

Seevakumanan took his own life. >> really chaotic. he had a gun. it was pretty scary. >> we knew something was wrong because we saw policemen with big rifles and everything. so we're like, something is going on here. >> anna: seevakumanan, 30, was in the process of being kicked out of his dorm. major bailout backlash in cyprus. protests erupting over the euro zone's bailout offer of $13 billion in exchange for bank account taxes. the governor of cyprus' central bank saying there should not be charges on accounts up to $129,000. he expects 10% of all deposits to be taken out when banks reopen...

Center again because the reality is cyprus needs a bailout. it's just the fourth country already, can you believe it, that needs a bailout. at this point there is an international agreement on the table to give cyprus $13 billion in bailout money. here's the thing though. anyone with a bank account in cyprus, they're going to have to chip in. there are reports that european -- euro-zone finance ministers want people to hand over 3% of their money when they make a deposit of $129,000 or 100,000 euros or less. let's say you make a deposit of $129,000 that, is $4,000 you're forking over to pay fo...

Country of cyprus, the latest country that needs a bailout. but this will be watched very closely because there is a condition to get its $13 billion bailout, that's controversial, if it pass, those who have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes bef...

Sang and shanghai lose 1.7% or more. american investors have been bullish as we all know lately. and it's going to take more than that to turn this around. make no mistake this is a big deal for residents of cyprus with money in the banks. this is like the monster of all fees. basically banks holding your money hostage. cyprus citizens who have $129,000 in the bank could have almost $9,000 taken out if they're indeed taxed at 6.75%. unlike greece they're not going to be seeing things like wages and pensions cut. so if this does happen in cyprus, it's going to be sort of quick and painful one-t...