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3:56pm

Tue September 13, 2011
Economy

Census: 2010 Saw Poverty Rate Increase, Income Drop

Originally published on Wed September 14, 2011 1:33 am

The nation's poverty rate rose last year to 15.1 percent, up from 14.3 in 2009, according to a new report from the Census Bureau.
Spencer Platt Getty Images

The nation's poverty rate rose last year to 15.1 percent, the highest level in 17 years, according to new data from the Census Bureau. The agency's latest poverty report, released Tuesday, shows that 46 million people were poor and that the median income dropped last year by more than two percent to about $49,445.

Not unexpectedly, the continued lack of jobs was the main cause.

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3:55pm

Tue September 13, 2011
The Two-Way

How Paying $5 Million For Lunch With Warren Buffett Paid Off

Warren Buffett.
Seth Wenig AP

Ted Weschler of Charlottesville, Va., paid $2.6 million dollars at a charity auction in both 2010 and 2011 to have lunch with Warren Buffett.

In a press release, yesterday, Berkshire Hathaway announced that Weschler was joining Buffett and another partner to manage some of Berkshire's equity holdings. But the interesting part comes later in the release, when the company says:

Warren Buffett, Berkshire's Chairman, will continue, however, to manage most of the funds until his retirement.

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3:54pm

Tue September 13, 2011
Shots - Health Blog

Pediatricians Fact-Check Bachmann's Bashing of HPV Vaccine

Originally published on Fri September 16, 2011 3:30 pm

Minnesota Rep. Michele Bachmann during a Republican presidential debate Monday in Tampa, Fla.
Mike Carlson AP

Now the nation's pediatricians have waded deep and early into the race for the presidency. In an unusual instance of political fact-checking of a candidate's statements by physicians themselves, the American Academy of Pediatrics has a tough prescription for Republican Rep. Michele Bachmann: Get your facts straight on the HPV vaccine.

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3:54pm

Tue September 13, 2011
Economy

A Potential Super Hero For The Supercommittee

Congressional Budget Office Director Douglas Elmendorf testifies before the supercommittee on Capitol Hill on Sept. 13.
J. Scott Applewhite ASSOCIATED PRESS

Tuesday's hearing in the supercommittee was supposed to be about the history of the current debt crisis. Almost nothing causes more partisan bickering than that. Each party is fervent in its belief about who drove the government into the ditch — namely, the other guys.

On Tuesday, however, Doug Elmendorf, the man who runs the non-partisan Congressional Budget Office (CBO), immediately dispensed with the question of blame and laid out the options for the supercommittee.

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2:55pm

Tue September 13, 2011
Economy

Businesses In Joplin, Mo., Find Economic Opportunity

Anthony Owens, right, repairs the roof of a tornado damaged home with James Davis, left, and Dwain Payne on July 30 in Joplin, Mo. All three men came up from Mobile, Ala., looking for work following the May 22 tornado that devastated Joplin, killing 160 people and destroying 7,500 homes and as many as 500 businesses.
Scott Olson Getty Images

It's been nearly four months since a tornado slammed into Joplin, Mo., destroying about one-third of the city. More than 525 businesses were in the direct path of the storm.

Now as they rebuild, business owners are seeing some opportunities in the wake of their tremendous losses.

'Can Do' Attitude

After the tornado hit, the building that housed the Medicine Shoppe Pharmacy in Joplin was destroyed. A safe used to store narcotics was one of the only things to survive and even it got knocked over by the powerful winds.

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