The Two-Way
5:18 pm
Tue September 13, 2011

Merkel Tries To Reassure Markets On Chance Of Greek Default

A day after her finance minister said the possibility of an "orderly default" by Greece should be on the table, German Chancellor Angela Merkel sought to reassure markets by saying that Germany will continue to finance Greece.

As The Wall Street Journal explains it, what Merkel is saying is that Europe will not allow Greece to be forced to declare bankruptcy or leave the eurozone. The paper adds:

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The Two-Way
4:40 pm
Tue September 13, 2011

NYPD Investigating Officers' Dirty Dancing

A New York City police man seen dancing in a video.
screenshot WorldStarHipHop

We're breaking from the serious news for a few minutes to bring you a bit from New York City, where a group of New York City's finest may be in hot water for having a little too much fun at the city's West Indian American Carnival parade.

The parade happened Sept. 5, but after a video of the dancing uniformed cops was posted on the website WorldStarHipHop and then went viral on YouTube, the New York City Police Department announced today it was launching an investigation.

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Economy
3:56 pm
Tue September 13, 2011

Census: 2010 Saw Poverty Rate Increase, Income Drop

The nation's poverty rate rose last year to 15.1 percent, up from 14.3 in 2009, according to a new report from the Census Bureau.
Spencer Platt Getty Images

Originally published on Wed September 14, 2011 1:33 am

The nation's poverty rate rose last year to 15.1 percent, the highest level in 17 years, according to new data from the Census Bureau. The agency's latest poverty report, released Tuesday, shows that 46 million people were poor and that the median income dropped last year by more than two percent to about $49,445.

Not unexpectedly, the continued lack of jobs was the main cause.

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The Two-Way
3:55 pm
Tue September 13, 2011

How Paying $5 Million For Lunch With Warren Buffett Paid Off

Warren Buffett.
Seth Wenig AP

Ted Weschler of Charlottesville, Va., paid $2.6 million dollars at a charity auction in both 2010 and 2011 to have lunch with Warren Buffett.

In a press release, yesterday, Berkshire Hathaway announced that Weschler was joining Buffett and another partner to manage some of Berkshire's equity holdings. But the interesting part comes later in the release, when the company says:

Warren Buffett, Berkshire's Chairman, will continue, however, to manage most of the funds until his retirement.

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Economy
3:54 pm
Tue September 13, 2011

A Potential Super Hero For The Supercommittee

Congressional Budget Office Director Douglas Elmendorf testifies before the supercommittee on Capitol Hill on Sept. 13.
J. Scott Applewhite ASSOCIATED PRESS

Tuesday's hearing in the supercommittee was supposed to be about the history of the current debt crisis. Almost nothing causes more partisan bickering than that. Each party is fervent in its belief about who drove the government into the ditch — namely, the other guys.

On Tuesday, however, Doug Elmendorf, the man who runs the non-partisan Congressional Budget Office (CBO), immediately dispensed with the question of blame and laid out the options for the supercommittee.

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Shots - Health Blog
3:54 pm
Tue September 13, 2011

Pediatricians Fact-Check Bachmann's Bashing of HPV Vaccine

Minnesota Rep. Michele Bachmann during a Republican presidential debate Monday in Tampa, Fla.
Mike Carlson AP

Originally published on Fri September 16, 2011 3:30 pm

Now the nation's pediatricians have waded deep and early into the race for the presidency. In an unusual instance of political fact-checking of a candidate's statements by physicians themselves, the American Academy of Pediatrics has a tough prescription for Republican Rep. Michele Bachmann: Get your facts straight on the HPV vaccine.

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Economy
2:55 pm
Tue September 13, 2011

Businesses In Joplin, Mo., Find Economic Opportunity

Anthony Owens, right, repairs the roof of a tornado damaged home with James Davis, left, and Dwain Payne on July 30 in Joplin, Mo. All three men came up from Mobile, Ala., looking for work following the May 22 tornado that devastated Joplin, killing 160 people and destroying 7,500 homes and as many as 500 businesses.
Scott Olson Getty Images

It's been nearly four months since a tornado slammed into Joplin, Mo., destroying about one-third of the city. More than 525 businesses were in the direct path of the storm.

Now as they rebuild, business owners are seeing some opportunities in the wake of their tremendous losses.

'Can Do' Attitude

After the tornado hit, the building that housed the Medicine Shoppe Pharmacy in Joplin was destroyed. A safe used to store narcotics was one of the only things to survive and even it got knocked over by the powerful winds.

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Middle East
2:38 pm
Tue September 13, 2011

Palestinian Plan Puts U.S. In A Bind

A Palestinian flag is raised in front of European Union headquarters in Brussels, Belgium, on Monday. The Palestinians are expected to seek statehood at the United Nations next week.
John Thys AFP/Getty Images

The Obama administration is scrambling to head off what it fears will be a diplomatic train wreck at the United Nations next week.

After years of gridlock in Mideast negotiations, the Palestinians plan to seek U.N. membership as a state on territory captured by Israel in the 1967 war. That territory includes the West Bank, the Gaza Strip and East Jerusalem, and the plan would go through the Security Council, where the U.S. has already promised to use its veto.

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The Two-Way
2:15 pm
Tue September 13, 2011

What A Year: Disasters Have Been Declared In All But Two States

Volunteer firefighter Jason Collard at a wildfire in Strawn, Texas, in April.
Tom Pennington Getty Images

Partisans on both sides continue to argue over whether to put more money into the coffers of the Federal Emergency Management Agency, which is running short of cash because there have been so many tornadoes, hurricanes, floods and other natural disasters this year.

The political bickering is nothing new, of course.

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Shots - Health Blog
2:03 pm
Tue September 13, 2011

The 'Next Big Step': Preventing 1 Million Heart Attacks And Strokes

iStockphoto.com

They're calling it Million Hearts – a newly launched campaign to put a half-dozen simple and proven public health strategies into wider practice. Federal health officials say it can prevent a million heart attacks and strokes between now and 2016.

Federal officials call it "the next big step" in cardiovascular prevention. There's lots of evidence it's an achievable goal.

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