The long economic downturn that began in late 2007 came to be known at the Great Recession –- the worst period since the Great Depression of the 1930s.
Even though both events were momentous enough to earn the word "great" as a modifier, they really are not comparable, according to recent research by economist Mark Vaughan, a fellow at the Weidenbaum Center on the Economy at Washington University in St. Louis.
Originally published on Wed July 11, 2012 11:53 am
Republican presidential candidate Mitt Romney told the National Association for the Advancement of Colored People this morning that his policies would be good for all Americans and that those of President Obama have not helped the nation's poorest people.
And, he told delegates to the NAACP's annual convention in Houston, "if it were possible to fully communicate what I believe is in the real, enduring best interest of African-American families, you would vote for me for president."
"My grandfather stuck it in the attic a hundred years ago and here it is now, a blessing to his grandchildren."
A blessing for sure.
As the Toledo Blade reports, when Karl Kissner and his cousins were clearing out his grandfather's home in Defiance, Ohio, on Feb. 29 they came across a box of very rare and very valuable baseball cards.
Originally published on Wed July 11, 2012 10:32 am
The city of Scranton, Penn. now faces two federal lawsuits over a decision last week to slash public employee's pay to minimum wage. Unions representing the city's workers also are asking Lackawanna County Judge Michael Barrasse to hold Mayor Chris Doherty in contempt of court.
A U.S. operation in the mountains near Afghanistan last November killed 24 Pakistani soldiers. Pakistan wanted an apology. The U.S. refused. In response, Pakistan shut down supply routes to Afghanistan for NATO convoys.
After intense talks, two border crossings were reopened last week to convoys for the U.S. and NATO forces.
Pakistan's ambassador in Washington, Sherry Rehman, was at the center of the negotiations. Afterward she called it a moment of great opportunity for the two countries.