Economy
11:52 am
Wed July 11, 2012

Did The Great Recession Bring Back The 1930s?

Originally published on Wed July 11, 2012 2:00 pm

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.

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The Two-Way
11:15 am
Wed July 11, 2012

Heartbreak Again As 520 More Genocide Victims Are Buried In Srebrenica

Credit Marko Drobnjakovic / AP
Earlier today, a woman cried next to the coffin of her relative at the Potocari memorial complex near Srebrenica.

On this "17th anniversary of Europe's worst massacre since World War II," 30,000 people gathered in Srebrenica, Bosnia-Herzegovina, today to bury 520 more victims of the 1995 slaughter there.

And as The Associated Press says, "the annual ritual was as heartbreaking as ever."

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Shots - Health Blog
10:05 am
Wed July 11, 2012

Why You Should Keep Medicines Out Of Summer Heat

Credit iStockphoto.com
When the outside temperature feels like a fever, your medicines are at risk.

As record-breaking temperatures sweep the nation, it's hard to keep anything cool, especially if the power goes out.

And, try as you might, it's hard to find health products — from prescription drugs to over-the-counter pain relievers — that don't caution against storage in high temperatures.

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The Two-Way
10:01 am
Wed July 11, 2012

Romney To NAACP: If You Knew My Heart, I Would Get Your Vote

Credit Evan Vucci / AP
Republican presidential candidate Mitt Romney during his address to the NAACP's annual convention this morning in Houston.

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."

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It's All Politics
9:53 am
Wed July 11, 2012

Rep. Jesse Jackson Jr.'s Office Pressured To Release Details About Condition

Credit M. Spencer Green / AP
Rep. Jesse Jackson Jr., D-Ill., thanks supporters at his primary election night party in Chicago on March 20.

Originally published on Wed July 11, 2012 10:09 pm

A source close to Rep. Jesse Jackson Jr., D-Ill., says his staff or doctors could provide more information on the condition of the congressman as early as today, NPR's David Schaper reports.

Jackson took a leave of absence a month ago, but his office has been vague about the circumstances.

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The Two-Way
9:36 am
Wed July 11, 2012

JPMorgan Will Move To 'Clawback' Millions From Execs Who Bungled Billions

Credit John MacDougall / AFP/Getty Images
Another kind of claws at work. Meanwhile, JPMorgan is going to see if legal steps will let it "clawback" some money paid to executives.

Originally published on Wed July 11, 2012 10:20 am

JPMorgan Chase CEO Jamie Dimon predicted this would happen: The bank "plans to reclaim millions of dollars in stock from executives at the center of the trading blunder that shocked Wall Street," The Wall Street Journal reports

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The Two-Way
8:32 am
Wed July 11, 2012

Holy Cow! Family Finds Baseball Card Collection That May Fetch $3 Million

Credit Heritage Auctions
Two of the most valuable cards in the collection: Ty Cobb (left) and Honus "Hans" Wagner.

Originally published on Wed July 11, 2012 5:33 pm

"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.

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The Two-Way
7:53 am
Wed July 11, 2012

In Scranton, Pa., City Workers Sue Over Having Wages Slashed

Credit Jeff Brady / NPR
Roger Leonard, a heavy equipment operator for the city of Scranton, Pa., saw his pay plunge to $340 from about $900 for two weeks' work after the mayor cut city-employee pay to minimum wage.

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.

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The Two-Way
7:22 am
Wed July 11, 2012

Episcopal Church OKs Same-Sex Blessings; Largest U.S. Denomination To Do So

Credit Craig Ruttle / AFP/Getty Images
The rings of Michael Johnson and Michael Roberts of New York City stood ready before their marriage ceremony at the Manhattan City Clerk's Office in July 2011.

Originally published on Wed July 11, 2012 11:54 am

With a vote Tuesday evening by its House of Deputies, the Episcopal Church became the largest U.S. denomination so far "to officially sanction same-sex relationships," as CNN's Belief blog writes.

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Asia
3:39 am
Wed July 11, 2012

'Hard Questions' Remain In U.S.-Pakistan Relations

Credit Qazi Rauf / AP
Pakistani border guards check trucks heading to Afghanistan, in the tribal area of Khyber last week.

Originally published on Wed July 11, 2012 4:45 am

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.

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