A California teen accidentally buried himself alive yesterday when a tunnel he was building at Newport Beach collapsed on him. Matt Mina, 17, was trapped under about seven feet of sand for nearly half an hour with his arms pinned behind him, trying to build pockets of air with his…
Continue reading …Need a pick-me-up given today’s depressing stock news ? Then be advised that Nate Silver’s column in the New York Times is not for you. The stats guru plots GDP going back to 1877 and sees signs that our recent “economic crash was even worse than economists had previously believed…
Continue reading …Credit card rebates and rewards may seem like a great thing—like getting free money. The problem is that they’re driving up the prices of everything we buy, writes economics professor Larry Harris. What’s worse, people who pay cash—maybe because they’re too poor to qualify for credit or are…
Continue reading …One of the myths surrounding the 33 miners who were so dramatically rescued after being trapped for 69 days deep inside a Chilean copper mine is that they’re all millionaires and no longer need to work. The reality? Nearly half the men have been unemployed since their mine collapsed one…
Continue reading …So let’s get this straight: If Congress can’t agree on another $1.5 trillion in budget cuts, half the cuts will automatically come out of defense spending ? “If so, let the guillotine fall,” declares Fareed Zakaria in the Washington Post . This is the kind of thing “serious conservatives” should…
Continue reading …Despite his protestations to the contrary , administration officials say Timothy Geithner has been considering resigning from his post since early this year—but now it appears the Treasury secretary will likely stay on through the rest of President Obama’s term, thanks to pressure from the White House. Geithner and his…
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Dodgy sound, dodgy bass players, hostile crowds, no crowds, flying bottles – every band has had bad gigs. Paul Lester asks musicians about the worst gigs they ever played Ian Anderson, Jethro Tull Shea Stadium, New York, 1976 I stood with the rest of the band at the top of the ramp leading down to the field of Shea Stadium. As with the Beatles’ Shea show 10 years earlier, this
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Dodgy sound, dodgy bass players, hostile crowds, no crowds, flying bottles – every band has had bad gigs. Paul Lester asks musicians about the worst gigs they ever played Ian Anderson, Jethro Tull Shea Stadium, New York, 1976 I stood with the rest of the band at the top of the ramp leading down to the field of Shea Stadium. As with the Beatles’ Shea show 10 years earlier, this
Continue reading …Well, at least there’s no maid involved this time: A special French court has ordered an investigation into newly minted IMF chief Christine Lagarde, over her role in a $400 million arbitration deal with tycoon Bernard Tapie. The much-maligned settlement, awarded in 2008, came after Tapie sued a French state-owned…
Continue reading …US stocks plunged today—with the Dow Jones at times down more than 340 points—ahead of tomorrow’s monthly jobs report, after the government announced only limited improvement. Unemployment benefits claims fell by just 1,000 last week, MarketWatch reports. The Standard & Poor’s 500 index plunged 3.3%, bringing…
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