Originally published on Wed August 1, 2012 12:39 pm
Three years into the economic recovery, the unemployment rate is still disastrously high. So today's big economic question is whether the Federal Reserve will announce new measures to bring down unemployment when it releases its policy statement this afternoon.
Update: The new statement is out. The Fed isn't doing anything new right now.
<strong>Plenty To Smile About:</strong> Weightlifter Maiya Maneza of Kazakhstan celebrates on the podium with her new 400-gram gold medal, matching the feat of her compatriot Zulfiya Chinshanlo. The Kazakh Olympians will each receive a $250,000 bonus.
Weighing 400 grams, the Olympic gold medals that are being doled out at the London 2012 Summer Games are the heaviest ever, according to reports. But that doesn't mean they're the most valuable: at an estimated $620.82, they're nearly $590 short of the $1,207.86 value held by a gold medal from the Stockholm Games of 1912.
The discrepancy stems from the fact that the 2012 gold medals contain only 6 grams of gold; the rest is silver and copper. In fact, the London bling contains more copper than gold, which is only used to coat the medals with a plating layer.
Scientists reported new evidence Wednesday that supports a provocative theory about cancer.
Three separate teams of scientists said they had, for the first time, shown that so-called cancer stem cells can be found naturally in brain tumors and early forms of skin and colon cancer.
Evidence has been mounting in recent years for the existence of these cells, which would be especially insidious. They are believed to resist standard chemotherapy and radiation and fuel the growth of tumors and relapses.
Originally published on Wed August 8, 2012 10:58 am
This month we are collecting your stories about the good things Americans are doing to make their community a better place. Some of your contributions will become blog posts and the project will end with a story that weaves together submissions to make a story of Americans by Americans for Americans.
That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.
For the first time ever, the United States Postal Service has defaulted on a payment to the Treasury.
The USPS warned of a default in a statement on Monday. It it would not make the $5.5 billion payment due today and that it would also default on a $5.6 billion payment due Sept. 30. Both of those payments are federally mandated and go toward prefunding retiree health benefits.
The Olympics are a quest to be the best. But some Olympians are accused of purposely playing badly at badminton. The Badminton World Federation has launched disciplinary proceedings against four women's doubles pairs. First, the world champions, who are Chinese, faced off against opponents from South Korea. And spectators started booing when the players seemed to be making simple errors on purpose.