Many Ukrainians, especially politicians who some joke have more sins than most, step inside ice holes - cut in the shape of a cross - to honour the baptism of Jesus Christ in the Jordan River.

BBC: Pagan holidays in modern Ukraine

The McCain camp touts this tax cut, with some justification, as a middle-class tax cut that is a step towards taxing consumption rather than income.

ECONOMIST: Republican fiscal policies

Talks with the troika appeared to have stalled over the demand that Greece cut private-sector wages as a step toward boosting the country's competitiveness and jump-starting its recession-ravaged economy.

WSJ: Greek Party Leaders Struggle to Resolve Overhaul Differences

Dr. Fox suggested an easy first step to get her into the weight-loss mind set: Cut back the number of Chick-O-Sticks by one box per week.

WSJ: Motivational Interviewing: Tool for Smoking Cessation, Weight Loss and Chronic Disease Management

The step cut the time required to disperse liquid crystal across a 30-inch screen from five days to five minutes.

WSJ: TV Makers Seek Fatter Profits in Thinner Sets

It also cut the short-term rating on Argentine debt to C, one step above default.

BBC: Argentina default on debt likely, says Fitch

It also says that the co-firing of biomass and fossil fuels is the most immediate step that utilities can take to cut their carbon dioxide emissions.

FORBES: Biomass Breathing New Life Into Coal Plants

Sony shares sagged Wednesday morning after it announced worse-than-expected losses in its fiscal third quarter and drastically cut its year-end forecast, a day after announcing that Sir Howard Stringer will step down as CEO April 1.

FORBES: Sony Limping Toward The Finish Line Of Stringer's Tenure