The Consumer Price Index is one of the most familiar measures in economics and politics. But some in Washington want to change the way the index is calculated to better reflect people's shopping habits.
While the proposed change is described as a technical fix, it could also cut the federal deficit by hundreds of billions of dollars over the next decade.
The term "right to work" has been in the news a lot this week. On Tuesday, Michigan became the 24th state to enact right-to-work legislation. It means unions can no longer require workers to pay full dues, even if they're working in a union shop.
Originally published on Fri December 14, 2012 5:51 am
In an interview with David Greene, outgoing Securities and Exchange Commission Chairman Mary Schapiro reflects on her tenure at the agency, and the disappointment that she wasn't able to overhaul money market funds. She leaves the job on Friday.
When it comes to reducing Medicare spending, asking wealthier seniors to pay more is one of the few areas where Democrats have shown a willingness to even consider the subject.
"I do believe there should be means testing. And those of us with higher income in retirement should pay more," said Sen. Dick Durbin, D-Ill., on last Sunday's Meet the Press. "That could be part of the solution."
There are more species of insects than pretty much anything else in the world. And scientists know there are millions they haven't even identified yet. Now, in a tropical rainforest in Panama, a multinational team of scientists has just completed the first ever insect census.
Scott Miller, an entomologist at the Smithsonian who worked on the Panama, shows off one of the species from the survey that's at the National Museum of Natural History's insect zoo in Washington, D.C.
Allegations of the existence of a secret network of doctors and nuns who stole newborn babies and sold them for adoption are reviving a dark chapter in Spain's recent history.
More than 1,000 people have gone to court hoping to track down sons and daughters or brothers and sisters they were told died in childbirth.
In Madrid's Puerta del Sol square last month, Antonio Iniesta stood next to a poster with the words bebes robados (stolen babies). His demonstration is intended to publicize his search for a brother he's convinced is alive.
Parents in one small California community have used a "parent-trigger" law for the first time to shut down and take over an elementary school. It's a revolt led by parents who say the school has failed their children, but others say it's not the school's fault.
The school is in tiny Adelanto, Calif., home to several prisons connected by desolate stretches of highway on the fringes of the Mojave Desert.
Originally published on Fri December 14, 2012 5:01 am
President Obama hosted House Speaker John Boehner today, spending nearly an hour together in which they reportedly discussed ways to avert the looming "fiscal cliff" of spending cuts and tax hikes that are due to strike at the end of 2012. Boehner left the White House at 6 p.m., ET, apparently without reaching a deal. As Politico reports, the Republican plans to return to his home state of Ohio this weekend.
The Statue of Liberty still lifts her lamp beside the golden door, but the island that's home to the iconic statue was severely tempest-tost by Superstorm Sandy. Flood damage inflicted by the storm has closed Liberty Island and nearby Ellis Island indefinitely.
On Thursday, Interior Secretary Ken Salazar made his first visit to the Statue of Liberty since the storm. David Luchsinger, superintendent of the Statue of Liberty National Monument, led the secretary on a walking tour.
Stop anyone on the street in Europe, Latin America, Africa and even Asia, and chances are they'll know the name Lionel Messi — and they'll probably know what he did this week. The soccer phenom scored his 88th goal of the year, which is widely thought to be a world record.
And the year's not over yet.
On Sunday, Messi, 25, scored his 86th goal of the calendar year in a Spanish league game against Real Betis, in Seville. The goal, Messi's second of the game, gave Barcelona a 2-1 win over Betis, with the announcer booming, "A new goal king!"
The Hobbit's path to the screen may have started out as tortuous as a trek through the deadly Helcaraxe, filled with detours (Guillermo del Toro was initially going to direct), marked by conflict (New Zealand labor disputes) and strewn with seemingly insurmountable obstacles (so many that the filmmakers threatened to move the shoot to Australia).
Originally published on Thu December 13, 2012 4:54 pm
When most drivers get a ticket from a speed-zone camera, there's little they can do but pay the fine. After all, the ticket often includes photographic proof that their car was over the limit. But a Maryland driver is fighting his $40 fine precisely because of what the photos show: his car, sitting at a red light.
Federal and state authorities have received criticism after deciding not to indict HSBC on accusations that it laundered money for Mexican drug cartels and conducted prohibited transactions on behalf of countries like Iran and Sudan. Instead, they entered into a $1.9 billion settlement this week with the bank.
There's no question that HSBC is a massive, sprawling operation. It markets itself as the world's local bank. But watchdogs of the banking industry say mere size should never insulate an organization from the law.
Originally published on Thu December 13, 2012 2:51 pm
Sputnik 1 just beeped. China's first satellite, launched more than a decade later, simply radioed a communist anthem back to Earth. So far, North Korea's first satellite appears to be less accomplished.
And that shouldn't be a surprise.
Given the history of first orbital space shots, North Korea's apparent struggle with its mission is fairly typical, says David Akin, an associate professor of aerospace engineering at the University of Maryland.
Google's native maps app for the iPhone finally was released Wednesday, and there was much rejoicing. Just in time for Christmas, the three wise men are able to find the manger without spilling their frankincense or myrrh.
Originally published on Fri December 14, 2012 3:50 pm
Want to be more creative? Drop that iPad and head to the great outdoors.
That's the word from David Strayer, a cognitive neuroscientist who studies multitasking at the University of Utah. He knew that every time he went into the southern Utah desert, far from cellular service, he started to think more clearly.
But he wanted to know if others had the same experience.