The Two-Way
1:08 pm
Fri May 18, 2012

What Facebook May Mean For Your Portfolio, Even If You Didn't Buy It

Facebook shares began trading on Nasdaq shortly after 11:30 a.m. on Friday.
Richard Drew AP

Originally published on Fri May 18, 2012 4:25 pm

Don't worry if you missed out on Facebook's initial public offering. Chances are, if you own shares in a broad-based index fund, you'll be holding onto some Facebook soon enough.

Facebook is such a huge offering -– with an initial market capitalization of more than $100 billion, it instantly becomes one of the 25 largest "cap" stocks — that it could have a distorting effect on some funds, at least in the short term.

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Middle East
12:52 pm
Fri May 18, 2012

Egypt's New President Could Come From Old Guard

Amr Moussa, a prominent figure during the rule of former President Hosni Mubarak, is the front-runner as Egyptians prepare to vote for president next week. He is shown here during a campaign event on the outskirts of Cairo on Wednesday.
Mohamed Abd El Ghany Reuters/Landov

Originally published on Fri May 18, 2012 4:34 pm

In Egypt's historic presidential race, opinion polls place the oldest candidate with the most political experience far ahead of his 11 rivals.

Many opponents try to portray Amr Moussa as a holdover from the hated regime of Hosni Mubarak. Moussa was Egypt's foreign minister under Mubarak and later the secretary-general of the Arab League.

Yet many voters believe he is the only candidate who can end the country's growing insecurity and economic problems.

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Shots - Health Blog
12:41 pm
Fri May 18, 2012

CDC Tells Baby Boomers To Get Tested For Hepatitis C

Dr. Paul J. Pockros, a liver specialist at Scripps Green Hospital in San Diego, talks with hepatitis C patient Loretta Roberts in Jan. 2011.
Lenny Ignelzi AP

When it comes to hepatitis C, things that happened to baby boomers back in the day can make all the difference.

One in 30 baby boomers is infected with virus, says the Centers for Disease Control and Prevention. And most of them don't know it. So, the CDC is moving ahead with a proposal that all baby boomers (born between 1945 and 1965) get a blood test to check for the virus.

The current guidelines call for testing when someone has known risk factors.

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The Two-Way
12:31 pm
Fri May 18, 2012

Insurers Paid $479 Million In Claims For Dog Bites Last Year

Matthew Weins of the Society for the Prevention of Cruelty to Animals, Los Angeles, works with Daisy on a demonstration aimed at showing that even small dogs can jump high to bite.
Damian Dovarganes AP

With National Dog Bite Prevention Week set to start Saturday, the Insurance Information Institute wants Americans to know that:

-- Insurers paid $479 million in home owner insurance claims involving dog bites last year, up 16.1 percent from the year before.

-- The number of such claims rose 3.3 percent, to 16,292.

-- The average cost per claim grew by 12.3 percent from the year before, to $29,296.

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The Two-Way
12:26 pm
Fri May 18, 2012

President Of Malawi Vows To Overturn Gay Ban

President of Malawi Joyce Banda attends a protest against abuse of women in January 2012.
Thoko Chikondi AP

The president of Malawi vowed to overturn her country's ban on homosexual acts.

The BBC reports that President Joyce Banda made the vow in her first address to Parliament.

"Some laws which were duly passed by the August house... will be repealed as a matter of urgency... these include the provisions regarding indecent practices and unnatural acts," Banda said according to the BBC.

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The Two-Way
12:13 pm
Fri May 18, 2012

Supreme Court Justice Stephen Breyer Again A Crime Victim

Breyer in 2011
Steve Helber ASSOCIATED PRESS

Originally published on Fri May 18, 2012 1:08 pm

It was just this February when Supreme Court Justice Stephen Breyer's West Indies vacation home was broken into by a machete-wielding robber who stole $1,000. No one was hurt.

Now, the Washington Post reports that his D.C home was robbed of housewares:

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It's All Politics
11:56 am
Fri May 18, 2012

Romney Phones His Campaign Message Into Swing States

Following the release of what his campaign called his first ad of the general election, Romney participated in a "tele-town hall" with supporters in the swing states where the ad is running: Virginia, North Carolina, Ohio, and Iowa.

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Planet Money
11:25 am
Fri May 18, 2012

California's Facebook Windfall

Originally published on Sun May 20, 2012 9:21 am

Mark Zuckerberg is, among many other things, the highest-profile taxpayer on the planet today.

After today's Facebook IPO, Zuckerberg will owe nearly $200 million in California state taxes alone. That's "among the largest tax liabilities that a single individual has ever paid at a given point in time," says Jason Sisney of the California State Budget Legislative Analyst's Office.

Zuckerberg's profits will be taxed at a 10% rate in California. That's a much higher rate than in many other states.

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It's All Politics
10:57 am
Fri May 18, 2012

Negative Coattails: Could Obama Cost Arkansas Democrats The Legislature?

Arkansas Senate President Paul Bookout, a Democrat, speaks in the Senate chamber at the Capitol in Little Rock on April 5. In November, Arkansans will vote for every seat in the state Legislature.
Danny Johnston AP

Originally published on Tue May 22, 2012 1:53 pm

President Obama's performance in Tuesday's Arkansas primary won't be as embarrassing as what happened in West Virginia two weeks ago, when he gave up 41 percent of the vote to someone who happened to be sitting in a federal prison in Texas for embezzlement.

But it may well do more lasting damage to his party.

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It's All Politics
10:49 am
Fri May 18, 2012

'President Romney's' First Day In Office: All About Reversing Obama Per Ad

Romney "Day One" ad

Originally published on Fri May 18, 2012 11:23 am

Challenging an incumbent president means finding ways to narrow the stature gap between the Oval Office occupant and would-be president.

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