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.
Japan is removing its nuclear regulatory agency from the control of its trade ministry, dissolving a relationship that was criticized in the wake of the Fukushima nuclear plant disaster. The new nuclear safety agency will be under the environmental agency, Kyodo News reports.
The move, coming exactly five month after a powerful earthquake and tsunami set off a nuclear crisis in Japan, may help ease criticisms that regulators are too cozy with pro-nuclear interests.
Any time you report on promising but preliminary results about a new therapy for a lethal disease, you worry that you might be raising false hopes. So be warned: Although this is a "good news" story, it's preliminary. Don't expect to find it at a hospital near you any time soon.