Indonesia has one of the world's fastest growing economies, and it's already the largest in Southeast Asia. This growth and stability recently earned it a major credit upgrade at a time when Western countries are fearful of downgrades.
Yet this vibrant economy has an Achilles' heel: its crumbling, overwhelmed infrastructure.
The problem becomes painfully apparent this time every year, when the rainy season fills commuters with dread in the capital, Jakarta, and many other cities.
Congressional Republicans reacted angrily to President Obama's recess appointment of Richard Cordray to the Consumer Financial Protection Bureau. Congress had been holding "pro forma" sessions every few days to prevent such recess appointments.
"This order for the mass evacuation of all persons of Japanese descent denies them the right to live," Seattle native Gordon Hirabayashi wrote in 1942. "I consider it my duty to maintain the democratic standards for which this nation lives. Therefore, I must refuse this order of evacuation."
America's big three automakers all experienced double-digit sales growth in 2011, helping the U.S. market continue its rebound from a dismal 2009. With annual reports out today, Chrysler says its sales were up 26 percent, while General Motors and Ford Motor Co. reporting gains of 13 and 11 percent, respectively.
Saying he's there "to make sure we make Mitt Romney the next president of the United States of America," 2008 Republican presidential nominee Sen. John McCain just returned to New Hampshire to endorse the White House bid of his one-time rival, former Massachusetts Gov. Mitt Romney.
McCain and Romney fought a hard battle for the GOP nomination n 2008, after which Romney endorsed the Arizona senator.
Boeing Co. says it will shut down its Wichita facility, which specializes in maintaining and modifying the company's planes for military or government use. The plant is slated to close by the end of 2013.
The closure could devastate a portion of the local economy, according to The Wichita Eagle:
Charlie Rose may very well be the best interviewer on the planet. If there's something important in the news, chances are he has left his mark on the story — from the events unfolding in North Korea to the modern relevance of Shakespeare.