Originally published on Thu January 3, 2013 5:46 am
Update at 8:40 a.m. ET. Jobless Claims Went Up; So Two Out Of Three Reports Were Positive:
There were 372,000 first-time claims for unemployment insurance last week, up by 10,000 from the week before, the Employment and Training Administration says. What's more, that previous week's total was revised up from the previous estimate of 350,000.
Good morning. I'm David Greene. Don't play with the iPad if Mom tells you not to, especially if Mom's a prankster. Eight-year-old Kenyon was looking at a car on eBay. Mom told him he accidentally bought it for $50,000.
KENYON: Is that true? Did I?
MOM: I'm afraid so.
GREENE: She posted his reaction on YouTube.
KENYON: It was a Mustang. I didn't mean to buy it.
You've seen this happen, maybe done it yourself. You approach an intersection, the light turns yellow, but instead of slowing to a stop, you accelerate and blow through. Chinese authorities have now outlawed this practice. New rules say yellow is the new red. It means stop. The change has prompted vocal protest, even at the official Chinese news agency. One Chinese critic says the new rules are contrary to Newton's First Law about momentum.
By letting the House take up the Senate's fiscal cliff-dodging legislation that raises income tax rates on the wealthiest earners, Speaker John Boehner answered affirmatively a question that had been on many minds: Would he allow an up-or-down floor vote on a bill opposed by most fellow House Republicans?
Until the New Year's Day vote, Boehner had generally operated the House under what was known as the Hastert Rule. Named for former Speaker Dennis Hastert, it required a "majority of the majority" to support legislation before the speaker approved a floor vote.
Originally published on Thu January 3, 2013 3:47 am
Michigan's Mackinac Island was fought over by France, England and the United States. The 200-year-old city in northern Lake Huron is a popular tourist destination. But the demolition of old buildings has raised a fierce debate about how to hold onto the past while profiting from it.
Originally published on Thu January 3, 2013 4:35 am
The Bank of Canada released the high-tech bills in 2011. The goal was to make the money indestructible. But some Canadians who have their hands on the banknotes say the plastic bills melt when subjected to extreme heat. Publicly, the Bank of Canada isn't confirming the flaw.
Originally published on Thu January 3, 2013 4:09 am
Farmers and ranchers across the country expected to start 2013 with a new farm bill, the legislation setting agricultural policy for the next five years. But the new farm bill got scrapped after more than a year of work when Congress passed the "fiscal cliff" deal.
Originally published on Thu January 3, 2013 3:50 am
On Friday, new unemployment numbers will be released for December. In last month's report, the unemployment rate dropped to 7.7 percent, a four-year low. For a preview of the labor market prospects for the new year, Steve Inskeep talks to Nariman Behravesh, chief economist at IHS Global Insight, an international consulting firm.
A 32-year-old Bay Area prosecutor will be sworn in to Congress on Thursday after ousting a 40-year incumbent.
California Democrat Eric Swalwell — who will be the second-youngest member of Congress — capitalized on his opponent's gaffes and used old-fashioned door-knocking and high-tech mobile phone outreach to win votes.
His first challenge in Washington might be getting people to pronounce his name correctly. Even senior members of California's congressional delegation have gotten it wrong, saying "Stallwell" instead of "Swalwell."