Federal Reserve policymakers surprised many in the financial markets Wednesday with a decision to begin the so-called "taper." The Fed will cut the amount of its stimulus by $10 billion a month. The stock market pushed higher on the news.
The Port of Tyne on the northeastern coast of England used to be a world famous harbor where the biggest ships were built. But those industries have collapsed. "Now I think we are not quite sure who we are," says one resident. The port and the shipyards once provided apprenticeships and jobs, but no more. Boys and young men have little prospect of work, and all are hoping that plans for a massive wind farm in the North Sea will come to fruition and revitalize the economy.
A review panel convened by the White House has released its report on surveillance by the National Security Agency. The panel is one of several reviews of U.S. intelligence policy following leaks by former contractor Edward Snowden.
Ten years after education researchers began focusing on big city school systems and monitoring their math and reading scores, there's good news to report. Today, fourth and eighth graders in many of the nation's largest cities have made impressive gains. Surprisingly, school systems with large numbers of low income children have exceeded the national average in both subjects .
Originally published on Wed December 18, 2013 5:08 pm
A panel looking into U.S. electronic surveillance activities in the wake of the Edward Snowden revelations has recommended removing the NSA's authority to collect and store Americans' telephone data.
The key recommendation was one of dozens that the panel put forward; however, it did not propose a wholesale scaling back of domestic spying by the National Security Agency and other intelligence branches.
Originally published on Wed December 18, 2013 4:17 pm
The Obama administration's ambassador to the U.N. says this is a pivotal moment for Central African Republic and time for the international community to take steps to prevent further atrocities there.
Samantha Power, a former journalist and Pulitzer Prize-winning author, is well known as an advocate for humanitarian intervention. How she and the Obama administration handle the conflict in CAR is a major test of that.
There are seven shopping days left until Christmas. But there are just five days until another important deadline — the last day to sign up for health insurance under the Affordable Care Act if you want coverage to start January 1.
After a slow start, activity on the federal website HealthCare.gov has been heavy all month. And with the deadline approaching, some people are getting worried that they won't get signed up in time.
And this being the health care law, it's complicated. There is more than one deadline.
Originally published on Wed December 18, 2013 3:56 pm
Secretary of State John Kerry has telephoned a top official in New Delhi to express regret for the strip-search of an Indian diplomat after her arrest last week in New York on charges of visa fraud.
"As a father of two daughters about the same age as [Indian diplomat] Devyani Khobragade, the Secretary empathizes with the sensitivities we are hearing from India about the events that unfolded after Ms. Khobragade's arrest," State Department spokeswoman Marie Harf said in a written statement, relating Kerry's conversation.
When Michele Rosewoman was growing up in the Bay Area, she played piano from childhood and congas from her teens. After moving to New York in the late 1970s, she began making music in two areas: modern jazz and traditional Cuban music. Before long, she started combining the two in her New Yor-Uba band.