The euro took a nose dive today, and so did the bonds of weak eurozone nations, as investors panicked over fresh speculation that Greece will have to restructure its debt in the near future, and the election of an anti-Euro party in Finland. German government sources tell Reuters that they…
Continue reading …The Los Angeles Times took home the coveted public service Pulitzer Prize this afternoon for its exposé of widepsread corruption in the city of Bell, Calif. The piece eventually led to the arrests of eight city officials, including the city administrator, who was pulling down $800,000 a year. The…
Continue reading …After seemingly interminable delays, a new World Trade Center tower is finally rising—but now it’s encountering new financial problems. An institutional investor group is holding up the $1.3 billion bond sale that would finance the construction of Tower 4 for fear it could hurt the value of their…
Continue reading …Geoffrey Mutai of Kenya took first place at the Boston Marathon today, finishing the race in a record two hours, three minutes, and two seconds. That time beats the marathon’s previous record, set by fellow Kenyan Robert Kiprono Cheruiyot, by more than two minutes, reports the Boston Globe . It would…
Continue reading …Republicans and Democrats both claim to have a plan to fix the budget, but neither party is offering a realistic approach. It’s time for Dems to admit that “spending control requires genuine cuts in Social Security and Medicare”—and it’s time for the GOP to recognize that “tax increases will…
Continue reading …British authorities are on high alert, afraid that the wedding of Prince Williams and Kate Middleton represents an all-too-juicy target for the so-called ” Real IRA, ” or another Irish militant group. Though there have been no specific threats, security officials tell ABC News that they have “concrete intelligence” that the Real…
Continue reading …The Pulitzer Prizes for journalism are awarded today, but they don’t mean a thing, writes Jack Shafer. “I doubt that one newspaper reader in 10,000 could tell you a day after the Pulitzers are awarded who got the prize for explanatory reporting,” he notes in a 2004 piece, reprinted…
Continue reading …The Defense Department has cleared Gen. Stanley McChrystal of all wrongdoing following the inspector general’s inquiry into last year’s controversial Rolling Stone article . In the article, senior aides to McChrystal were quoted as making disparaging remarks about the Obama administration; one aide, for example, referred to Vice President Biden by…
Continue reading …“Legendarily coiffed, she’s as fond of girlish ruffles and racy black lace as she is of pantsuits—and is not above flaunting her yoga-toned limbs.” If you think that sentence describes, oh, Gwen Stefani, you’d be wrong. She is … Arianna Huffington, sex symbol. “Yes, you read that right. Sex symbol,…
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