Standard and Poor's downgrade of the U.S. credit rating — coupled with increasing economic uncertainty — is making investors nervous. Stocks on Wall Street have been volatile. Steve Inskeep talks to billionaire investor Wilbur Ross about his thoughts about the nature of the economy.
There were 10,000 more police officers out on the streets of London Tuesday night. They are trying to stop days of rioting. Gangs of youths have attacked police, burnt buildings and looted stores in escalating violence since Saturday night.
For most people, their biggest investment is their home. Following Standard and Poor's downgrade of U.S. credit, as well as Fannie Mae and Freddie Mac, there may be even more uncertainty about buying or selling a home right now.
Russell Zanca, 47, has a three bedroom, one and a half bath vintage brick Georgian house on the market. The anthropology professor's home is on a quiet tree-lined street on Chicago's North Side.
A wildlife biologist is continuing to face questions about an influential paper he wrote on apparently drowned polar bears, with government investigators reportedly asking whether he improperly steered a research contract to another scientist as a reward for reviewing that paper.
"They seem to be suggesting that there is some sort of conspiracy that involves global warming and back scratching that appears to be frankly just nuts," says Jeff Ruch, a lawyer with Public Employees for Environmental Responsibility.
The first thing visitors notice about Assateague Island National Seashore is this: The 114 wild horses that inhabit the beachfront park along the Atlantic Ocean have full run of the place.
Summer is peak season for some 2 million tourists who visit Maryland's Assateague Island, famed for those wild horses. But increased interaction between man and beast is causing problems with the horses' diets and behaviors.
In the wake of the U.S. debt downgrade, the markets have been volatile, but the political fallout has been less clear so far. With Congress on its August recess, party leaders are lying low while they gather their rank-and-file and make plans for what's next.
When Standard & Poor's downgraded the country's credit rating, it was clear about why: Its statement said it "reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges."
Oil prices are falling, as traders dial back their expectation for the global demand for oil. But drivers are still waiting for the price of gasoline to drop as well.
The price of oil closed on Tuesday at about $79 a barrel — the lowest since last September.
Crude oil prices were on the rise in the beginning of the year. Unrest in the Middle East put pressure on supplies, and traders had a more optimistic outlook about the demand for oil, explains Richard Soultanian, an oil industry analyst with NUS Consulting Group.
Noah and the Whale has inspired a devoted following ever since its first album landed in the British Top 10 in 2008. But success hasn't come easily for the group: Key members have left, prompting striking changes in Noah and the Whale's sound. In a span of just three years, it's released three very different albums.
"You need to be sort of brave, I guess, when you make a record," says Charlie Fink, the band's singer, guitarist and co-founder.
Bubba Smith, who died last week, was a teammate of mine. I can see him giving me a stern, put-on sneer in response to that claim, and in truth, no, Bubba and I were not football teammates. Rather, we acted in an ensemble as Lite Beer All-Stars back when Miller used a lot of washed-up old athletes — and one overwhelmed sportswriter — to hustle what was then a popular new product: a low-calorie beer.
With 16,000 police officers out in full force in London's streets in an effort to put a stop to violent riots that have ravaged the city for three days, the British capital was "relatively calm" Tuesday, says the BBC.