Switzerland is in danger of becoming a victim of its own success. While much of Europe is swamped by debt, massive unemployment and political turbulence, Switzerland's economy has been humming along nicely.
That's starting to cause problems in the form of its super-strong currency. The Swiss franc has become like gold, with investors snapping up francs as a hedge against the debt crisis in the eurozone and the volatility of financial markets worldwide.
The 12 members of the Debt "Super Committee" are now official, as House Minority Leader Nancy Pelosi named her three appointees Thursday. She chose Reps. James Clyburn of South Carolina, Xavier Becerra of California, and Chris Van Hollen of Maryland.
Three lawmakers who are typically forceful advocates for a progressive agenda were picked by Rep. Nancy Pelosi to fill out the supercommittee that will propose more than $1 trillion in federal spending cuts meant to reduce federal deficits.
Pelosi, the House minority leader, chose representatives Jim Clyburn of S. Carolina, Chris Van Hollen of Maryland and Xavier Becerra of California to represent House Democrats on the Joint Select Committee on Deficit Reduction.
With world markets in turmoil, many investors are turning to an age-old safe haven: gold. While the price has fluctuated this week, it has flirted with record highs. But what, exactly, makes this precious metal so valuable? We decided to explore the issue, in verse:
Economic collapse, adrift without maps, lost in a sea with no rudder, Wall Street is jaded, the U.S. downgraded, financial reports make us shudder.