"The U.S. economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of this year," Federal Reserve Chairman Ben Bernanke tells Congress this morning in testimony prepared for his semiannual report on economic conditions and monetary policy.
"Police at Amsterdam's Schiphol Airport say they still do not know how needles got into turkey sandwiches on Delta Air Lines flights from Amsterdam to the United States, but are investigating," The Associated Press reports.
Originally published on Fri August 24, 2012 12:00 pm
Last week, on a trip to New York City from Washington, D.C., I found myself talking about economics with a British intern sitting next to me. He asked a disarmingly simple question: Could the U.S. ever find one state asking others to bail it out, similar to the way Greece or other countries are seeking aid from other nations in the European Union?
My instinct was no — but I had to think about why. As it turns out, two economists in D.C. have written a concise history that helps explain the answer.
Good morning. I'm Renée Montagne. The mayor of Talkeetna, Alaska is celebrating his 15th year on the job. No worries about term limits for this mayor. Stubbs, so named because he's missing half a tail, is as popular as the day he was elected. Townspeople voted for him as a write-in candidate even though he's a cat out of disappointment with the human candidates and Stubbs has been mayor ever since - honorary mayor.
Separate mass shootings at opposite ends of North America have left dozens wounded and at least two people dead.
Late Monday evening in Toronto, two people were killed and at least 19 others wounded in a shooting that "Police Chief Bill Blair called the worst in the city's history," The Globe and Mail writes. It adds that:
"The Pentagon is building a missile-defense radar station at a secret site in Qatar and organizing its biggest-ever minesweeping exercises in the Persian Gulf, as preparations accelerate for a possible flare-up with Iran, according to U.S. officials."