Tue August 9, 2011

Outsiders Seek To Capitalize On Wis. Recall Elections

Wisconsin voters are headed to the polls for an unprecedented round of recall elections in response to Republican Gov. Scott Walker's move to limit collective bargaining rights of public employees.

In recall votes Tuesday and next week, control of the Republican-held state Senate is at stake, and with it, Walker's agenda.

Read more


Tue August 9, 2011

Frantic Market Can Make For Jittery Consumers

The volatile stock market has people worried.

After the downgrade of Treasury Bonds by Standard & Poor's, consumers might be less likely to buy a home, car or other big ticket item if they believe the economy is going south.

But even as the market suffers through fits and falls, people are visiting car dealers. On a recent day, Jack Myers was trading in his gigantic, black 2002 Chevy pickup at a dealership in southeast Michigan.

"Well this [truck] is eating gas," Myers said, "and we [want] something more economical. We're purchasing a hybrid."

Read more


Mon August 8, 2011
The Two-Way

Market Indexes Sink On U.S. Debt Concerns; Widespread Losses Seen

Federal Reserve Board Chairman Ben Bernanke may look to reassure global financial markets Tuesday. Here, he arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing in July.
Mark Wilson Getty Images

U.S. stock benchmarks took another big hit Monday, in the first day of trading since America's credit was downgraded by Standard and Poor's rating agency late Friday. The Dow Jones Industrial index closed below the 11,000 mark for the first time since late 2010, ending the day at 10,811.

The Standard and Poor's 500 Index, meant to reflect the U.S. domestic economy, sank by 6.7 percent Monday. According to Bloomberg, all 500 of the stocks in the index declined on the same day — something that hadn't happened since at least 1996.

Read more


Mon August 8, 2011

No Child Left Behind Gets A Revamp

Originally published on Mon August 8, 2011 7:08 pm

The Obama administration is giving school districts a waiver from some mandates of the No Child Left Behind education law.

The law requires schools to reach higher goals each year, and by 2014, it demands that every student be graded proficient in reading and math. The administration, which has repeatedly called on Congress to rewrite the legislation, says the law is overly punitive.

In an announcement on Monday, Education Secretary Arne Duncan opened the door for states to avoid the penalties and deadlines of the current No Child Left Behind Law.

Read more


Mon August 8, 2011
Planet Money

How The U.S. Gave S&P Its Power

In the beginning, the rating agencies were all about trains.
William England Getty Images

Who gave S&P the power to kick sand in the face of the U.S. government?

Oh, right. It was the U.S. government.

"There's some ironies, shall we say, in all of this," says Lawrence J. White, a professor at NYU's Stern School of Buisness.

The story goes back to the rise of the railroads in the 19th century.

Read more


Mon August 8, 2011
The Two-Way

London Endures A Third Night Of Riots, Violence; Cameron Cuts Vacation Short

A rioter throws a rock at riot police in Clarence Road in Hackney, London, Monday. Rioting and looting continued into the night Monday in parts of London, as well as in Birmingham. The unrest was prompted by the initial rioting in Tottenham and then in Brixton on Sunday night.
Dan Istitene Getty Images

Cars and buildings were burning and stores were looted in areas across London Monday, on the third night of riots and violence in the British capital. "Area is an absolute war zone," pub manager Alan McCabe told the BBC in Croydon.

Prime Minister David Cameron is returning early from his summer vacation to help get the riots under control. He will meet with police and Home Office officials Tuesday, part of his "COBRA" emergency response team. The group takes its name from the Cabinet Office Briefing Room in which it meets.

Read more


Mon August 8, 2011
Shots - Health Blog

Early Morning Smokers Are More Addicted And At Greater Risk Of Cancer

Early morning cigarettes are a proxy for the level of addiction, researchers say.

Even though rising cigarette prices and new restrictions on smoking in public places have helped to make a dent in smoking rates in the U.S., there are still plenty of heavily addicted smokers out there who remain at great risk of developing cancer from their habit.

Read more


Mon August 8, 2011
The Commonwealth

Two Victims in Ohio Shooting from Kentucky

Two of the seven people killed by a gunman Sunday morning just west of Akron, Ohio, were residents of Northern Kentucky. Craig Dieter, 51, and his son, Scott Dieter, 11, both of Walton, were shot to death in Copley Township, Ohio. Craig’s wife and Scott’s mother, Beth Dieter, was unharmed, but witnessed the shooting, according to the Rev. Chris Torrey.

Read more


Mon August 8, 2011

Market Turmoil Fuels Gold Rush

Originally published on Thu January 10, 2013 11:16 pm

Gold futures climbed above $1,700 an ounce Monday as investors eyed the precious metal as a safe haven from declining stock markets.
David McNew Getty Images

The stock markets may be sinking, but the price of gold is on the rise, topping $1,700 an ounce Monday. Economists say the spike in gold is a sign that investors are getting nervous.

Ken Rogoff, an economics professor at Harvard University, says gold is kind of like an economic mood ring: When the price is relatively stable, the economy is cool, calm and collected.

But when the price of gold soars to levels like Monday's high, it's a sign of panic, he says. "People are scared right now," he says.

Read more


Mon August 8, 2011
Environmental Watchdog

'LEED' Certification at UK

‘Energy conservation’ is a primary feature in the University of Kentucky’s Davis Marksbury building.  The structure, part of UK’s College of Engineering, is the first building on the Lexington campus to receive a LEED (LEAD) certification.  LEED or Leadership in Energy and Environment Design is considered the standard rating system for the most energy efficient buildings.

Read more