<p>At least 80 business owners have abandoned factories like this one in Wenzhou, China's entrepreneurial capital, because they have run up exorbitant debts to the city's loan sharks and underground lenders.</p>
In recent weeks, at least 80 business owners have fled Wenzhou in eastern China and gone into hiding because they can't pay crushing debts to the city's empire of underground lending firms and loan sharks.
Chinese Premier Wen Jiabao became so concerned that he flew to Wenzhou earlier in October to try to keep the problem from spreading.
The city's credit crisis highlights some of the flaws — and potential risks — of the banking system in the world's second-largest economy.
An Oregon school district has rejected more than $2.5 million in federal funds. Oregon City — just south of Portland — turned down money that would have given performance-based pay bonuses to teachers, a controversial part of the Obama administration's education policy.
It's called the Teacher Incentive Fund, and it's meant to reward results. Oregon City actually applied for the money it's now turned down.
Home prices rose slightly in August, according to the latest data from the S&P/Case-Shiller index. They're still down compared to August 2010, and way down from their pre-recession peak in 2006. But it's good-ish news, reports the AP:
FRANKFORT — A renovated Kentucky Military History Museum at the State Arsenal will reopen to the public with a ceremony at 2 p.m. EST on Veterans Day, Friday, Nov. 11. The museum at 125 East Main St. in downtown Frankfort is operated by the Kentucky Historical Society and the Kentucky Department of Military Affairs.
The debate over regulation has been in the news lately, because it's been a point of conversation among the 2012 presidential candidates. The Republicans have said that over-regulation has kept businesses from expanding and creating jobs. But a new report from the World Bank that measures business regulation is throwing some cold water on the side that thinks the U.S. is a hostile place for business.
Schools place an emphasis on the concept of bullying in classrooms, and now the city of Bowling Green is working to prevent bullying in the workplace. The city's human resources director said while no specific problems are known, the city wants to be proactive before any do occur.
Harrodsburg police officers have started handing out tickets fort loud mufflers and loud stereos. The action came after several citizen complaints about the loud noises at all hours of the day and night.
If you thought the HPV vaccine against cervical cancer was controversial before, things are just warming up.
A panel of experts that advises the Centers for Disease Control and Prevention on vaccine policies has recommended routine vaccination of 11- and 12-year-old boys with Gardasil, Merck's vaccine against human papillomavirus. Vaccinations could start as early as age 9 and extend to 21-year-old men who weren't previously vaccinated.