For months now, Europe's debt crisis has hung ominously over the U.S. markets and economy. But even as U.S. banks begin lessening their investments in Europe, it remains difficult to quantify the threat they face.
A debate is raging in the intelligence community about what it means to defeat al-Qaida. Because America's efforts to capture or kill al-Qaida's key members have been so effective, some officials say the core group â€” al-Qaida's founders and longtime members hiding out in Pakistan â€” is near collapse.
One camp, which includes members of the Obama administration, says al-Qaida's core group is three to five members away from collapse. Others, however, say with al-Qaida affiliates gathering strength, any victory over the core will be a hollow one.
Apple's new smartphone, the iPhone 4S, lands in stores around the country Friday. The company says that consumers pre-ordered more than 1 million of the phones within 24 hours last week, when it became available online.
One of the new iPhone's biggest rivals will be the Motorola Bionic, which runs on Google's Android operating system. Both phones are very capable, and very fast â€” here's a chart outlining their features:
A natural gas drilling boom in Pennsylvania is helping the economies of Rust Belt cities long accustomed to bad news. Drilling requires steel â€” lots of it â€” and that has manufacturers expanding and hiring new workers.
While much attention has been paid to the environmental risks of drilling into the Marcellus Shale, the economic benefits have been less prominent in the national discussion. But in Youngstown, Ohio, locals have been watching an old industry come back to life.
A gunman opened fire killing six and wounding three others at an Orange County, Calif. hair salon this afternoon. The Orange County Register reports that the shooting rampage is one of Seal Beach's worst mass killings.
Originally published on Wed October 12, 2011 4:42 pm
Rep. Tim Huelskamp (R-Kan.) and billionaire Warren Buffett have been involved in a cordial back-and-forth about Buffett's now-famous New York Times op-ed in which he implored the government to raise his taxes.
The United States Supreme Court wrestled on Wednesday with a case testing whether some 700,000 people arrested each year on minor charges can be subject to automatic strip searches when taken to jail. Specifically, the issue the justices grappled with was whether jail authorities need some reasonable suspicion to conduct that kind of a search.
Congress approved with bipartisan support Wednesday much-delayed free trade agreements with South Korea, Colombia and Panama. The Obama administration and supporters in Congress have labeled these agreements jobs bills, though there are questions about how many jobs will really be created.
When Bill Lane, the Washington director for the heavy equipment maker Caterpillar, looks at the three trade deals, he sees opportunity.
One day after the U.S. outlined an assassination plot allegedly linked to the Iranian military, a host of U.S. officials began making angry calls for tough action in response.
But what kind of action might that be? The U.S. has been imposing sanctions against Iran ever since U.S. diplomats were seized following the 1979 Islamic revolution. And analysts say they do not expect a U.S. military response.