As the closing bell approaches, after another dramatic day on Wall Street, Henry M. Paulson, the Treasury secretary under President George W. Bush told The New York Times that what's happening now in the markets is reminiscent of 2008. That's when the market tanked as Lehman Brothers was allowed to go bankrupt.
Boy or girl? Expectant parents are often dying to know. Some mothers are even trying to influence it with their diet. But the tests used to determine a baby's sex before birth leave a lot to be desired.
Despite the debt downgrade and recent upheavals in the stock market, foreign investors still consider the United States a good place to put their money for the long haul.
Forget China, India and Brazil. The U.S. still attracts easily the most foreign direct investment – purchases of companies and property, as opposed to stock holdings or government bonds – of any nation in the world.
London's mayor, Boris Johnson, faced hostile questioning from local residents when he visited a riot-hit area of the city Tuesday. They wanted to know why the police had been unable to prevent gangs of youths burning and looting the area on Monday night. Meanwhile, Londoners armed with brooms and shovels started to clean up their city.
President Obama added a trip to Dover Air Force Base to his schedule Tuesday. He was on hand — with top military leaders — for the return of the remains of U.S. military personnel killed in a helicopter crash in Afghanistan.
Some 800 metric tons of food are on the way to East Africa, where more than 12 million people are suffering from a severe drought. The U.N. World Food Program is using nine airlifts to send high-energy biscuits to Kenya, where it will be distributed to famine victims.
The shipment is expected to be enough to feed 1.6 million people for one day. The United Nations says that 640,000 children in the Horn of Africa region are at risk of acute malnutrition.
As the world's financial markets struggle to cope with fears of a U.S. recession and a spreading European debt crisis, China on Tuesday called for more cooperation to stabilize markets and encourage growth.
Adding its seal of approval to a joint statement from finance ministers and central bank governors of the Group of 20 nations issued Monday, China's top officials urged "relevant nations" to cut their deficits and get debt problems under control.