At the beginning of last year, Mahmoud Reza Banki's future looked bright. He was a senior associate at the prestigious consulting firm McKinsey and Co., and had been accepted to the Wharton School of Business at the University of Pennsylvania.
But Banki, 35, was arrested in January 2010 and charged with accepting large money transfers from Iran that violated U.S. sanctions against that country.
This upcoming weekend, a team of German explosive experts and members of the army are scheduled to defuse an unexploded bomb found in the city of Koblenz in Germany. The bomb — with 3,000 pounds of explosives — is a remnant of World War II that emerged in the Rhine River because of low water levels.
As if that wasn't curious enough, authorities ordered half of the city's residents — 45,000 people — to leave, while they get the job done.
Keeping off the pounds is tough at any age. Now seniors are getting a helping hand from the Centers for Medicare and Medicaid Services, which has announced that it will cover screening and counseling for obesity as a free preventive service for Medicare beneficiaries.
Iranian President Mahmoud Ahmadinejad waves in Pakdasht, southeast of Tehran, Nov. 23. Ahmadinejad on Wednesday said he was surprised at European moves to isolate Tehran's central bank.
Credit HO / Reuters/Landov
Iranians shout slogans during a demonstration outside the British Embassy in Tehran, Nov. 29. New British sanctions against Iran's central bank sparked the recent protests. Now, the U.S. is considering even tougher measures.
Iran has been dealing with economic sanctions for years, but the country could soon face measures tougher than anything it has encountered before: Legislation moving through the U.S. Congress would target the central bank of Iran, with the likely effect of severely limiting Iran's oil exports.
Such sanctions would almost certainly damage Iran's economy. The challenge would be to make sure other countries are not hurt as well, given the fragile state of the global economy and the tight global oil market.
A new Pennsylvania law could curb municipalities' ability to zone and regulate hydraulic fracturing — or "fracking." And that raises questions about how much say a local government should have over what goes on within its borders.
State lawmakers are grappling with how to update Commonwealth's decades-old Oil and Gas Act to catch up with a natural gas drilling boom.
SolarCity has received financing from Bank of America Merrill Lynch to install solar electricity systems on houses on military bases, like one here at Soaring Heights Communities at Davis Monthan Air Force Base outside Tucson, Ariz.
Credit Lend Lease
Workers install solar panels at the Soaring Heights Communities at Davis-Monthan Air Force Base outside Tucson, Ariz.
We've heard a lot about Solyndra, a solar panel maker that went bankrupt despite lots of federal subsidies. But on Wednesday, a solar installation company and one of the country's biggest banks announced a billion-dollar project to put solar systems on the roofs of military housing. And they're doing it without the kind of federal help Solyndra got.
When SolarCity CEO Lyndon Rive came up with a plan to put solar on the rooftops of military housing around the country, he was sure he'd need federal backing to get loans for such a big project.
Originally published on Wed November 30, 2011 3:28 pm
For the past few years, the travel site Expedia has conducted a survey about the world's vacation habits and like in years past, this year's survey found that the United States is one of the countries that gives its workers fewer vacation days and one of the countries in which workers leave the most number of vacation days unused.
Ken Harbaugh is a former Navy pilot and an NPR commentator.
When I was five, my father made a promise he never intended to keep. He had returned from a long trip, with presents. I got a fossilized shark tooth, and spent the next month asking about fossils.
At some point, my father made the mistake of describing a massive fossil bed somewhere in Germany. I begged him to take me. There were good reasons that could never happen. Dad knew nothing about fossils; Germany was far away; I was five. But I would not be deterred.
The U.S. economy is experiencing its strongest across-the-board growth of the year, as private companies hire more people, some manufacturers expand and the stock market surges on a plan to ease Europe's financial crisis. The Dow Jones industrial average gained 490 points Wednesday, an increase of more than 4 percent.
But analysts say the economy isn't growing robustly enough to lower unemployment, stem government layoffs or revive a housing market that remains extremely weak.