The housing market is still languishing this summer, leading some economists to believe prices won't begin to recover until 2014. Even Federal Reserve Chairman Ben Bernake says the market may be worse than most people thought.
This is due in large part to something economists call the shadow inventory — or the number of houses that will soon be up for sale.
On any given day in just about every city in the country, auctioneers are standing on the front steps of homes selling off foreclosed properties. Often no buyers even show up, and the bank takes the house.
Teacher John Byrne talked about coming out to his 10th-grade English class with a former student, Samantha Liebman, in New York City.
As a high school teacher at Friends Seminary in New York, John Byrne has taught hundreds of students. Recently, he spoke with a former student, Samantha Liebman, about the years before he became the teacher he is today. For one thing, his classrooms were very regimented.
"I would make the kids line up before they came into class," he says, "and then they would stand by their desks and I would say, 'You may sit down when I sit down.' They said, 'Good morning, Mr. Byrne.'
"I was very strict, because I was afraid the kids would discover I was gay," he says.
Pikeville College President Paul Patton served two terms as Kentucky's governor, but his first-term accomplishments likely will be his legacy. And the reason is higher education reform. In 1997, two years into his first term, Patton convinced lawmakers to approve a comprehensive package of post-secondary education reforms. The most controversial prong required the University of Kentucky to relinquish control of the state's community and technical colleges.
We heard the claim all day today after word came in that authorities had nabbed mobster Whitey Bulger. We heard that news of his capture in Boston was as big as news that Osama bin Laden had been killed.
In an interview that will air in tomorrow's Morning Edition, host Steve Inskeep takes that claim to crime author Dennis Lehane, who's from Boston and whose novels are based in the city.
Lehane scoffed at the suggestion.
"I hate the grandeur that's paid to it," he said. "He was a criminal who left a lot of tragedy in his wake and nothing more."
The number of overweight kids and adolescents in the U.S. has almost tripled since the 1980s. That's pretty troubling, but the Institute of Medicine says we need to be paying more attention to the littlest kids: those under five.
Almost 10 percent of babies and toddlers carry too much weight for their size. And more than 20 percent of children 2 through 5 are already overweight, which could have pretty serious repercussions later in life, the IOM says.
Over the past few months, it seems like we've heard about a relentless string of cyber attacks on everyone from Sony to the Central Intelligence Office. Now, a new survey conducted by Ponemon Research found that hackings are widespread, with 90 percent of the 583 U.S. companies surveyed saying they've been hacked in the last year.
President Obama explains his rationale for a troop drawdown from Afghanistan to the U.S. Army 10th Mountain Division at Fort Drum, N.Y., on Thursday.
Credit Mario Tama / Getty Images
President Obama on Thursday told U.S. troops who have fought in Afghanistan that the U.S. has turned a corner after nearly 10 years of war, and it's time for their comrades still in that country to start coming home.
Speaking to soldiers at Fort Drum, N.Y., the president defended drawdown plans designed to have 33,000 troops back home by next summer.
"We're not doing it precipitously," Obama said. "We're going to do it in a steady way to make sure that the gains that all of you helped to bring about are going to be sustained."
The Justice Department said that two men were arrested Wednesday night after they allegedly purchased machine guns they planned on using to attack a Seattle military recruiting station.
Abu Khalid Abdul-Latif, also known as Joseph Anthony Davis, 33, of Seattle, and Walli Mujahidh, also known as Frederick Domingue, Jr., 32, of Los Angeles, are scheduled to make an initial court appearance, today. The Department of Justice said the men are charged with terrorism and firearms related charges.