The Picture Show
10:36 am
Tue August 2, 2011

Where Does Money Go When It Dies?

Photographs show money that has been removed from circulation.
Will Steacy Courtesy of Michael Mazzeo Gallery

Originally published on Wed May 23, 2012 9:36 am

We've all desperately tried to force a crumpled dollar bill into a vending machine to no avail. Fortunately, when your dollar is that decrepit, it's on death's door and will likely be removed from circulation.

The average lifespan of a $1 bill, according to the Federal Reserve Bank of New York, is 21 months. Eventually, money is destroyed — either by the Federal Reserve itself, or by the places that create it to begin with: the Bureau of Engraving and Printing, and the U.S. Mint. On average, 5 million unfit currency notes are destroyed each day.

Read more
The Two-Way
10:03 am
Tue August 2, 2011

U.S. Consumers Cut Spending; First Decline In Nearly Two Years

Americans put more of their money into savings in June, at the expense of consumer spending — and that came as a surprise to analysts. The month's drop in spending was the first in nearly two years (20 months).

Read more
Economy
10:00 am
Tue August 2, 2011

After Debt Fight, States Crave Stability

The House voted to pass the compromise spending plan Monday night, but drops in federal and state credit ratings remain possible, particularly for South Carolina. To learn about the bill's local ramifications, host Michel Martin speaks with S.C.'s House Rep. for the sixth district, S.C.'s Treasurer, and the mayor Columbia, S.C.

Health Care
10:00 am
Tue August 2, 2011

Sebelius Defends Birth Control Without Co-Pays

The federal government recently announced that starting Aug. 2012, insurers must offer female preventive health services without extra costs to patients. Host Michel Martin discusses the controversial plan with the Health and Human Services Secretary. Martin also explores what the debt deal means for the Affordable Care Act with a Senior Correspondent from Kaiser Health News.

13.7: Cosmos And Culture
9:57 am
Tue August 2, 2011

The Physics Of Real Debt Ceilings: When Nature Says No

Pity the politicians as they struggle to a hammer out a deal on the US debt: the endless negotiations, the late agreements that collapse by the morning news cycle. Everywhere they turn they seem to constrained - hemmed in – by forces pulling in every direction.

Read more
The Two-Way
9:40 am
Tue August 2, 2011

Study Suggests Internet Explorer Users Are, Um, Kind Of Slow

A graph comparing IQs by browser.
AptiQuant

The browser wars are getting personal. A new study gave IQ tests to more than 100,000 English-speaking Internet users from the U.S., Canada, U.K., Australia, and New Zealand. Those results were then compared to what browser each person was using to take the test.

Read more
The Two-Way
8:42 am
Tue August 2, 2011

Democratic Party Prepping For Giffords Re-Election Bid

In an interview with CBS' The Early Show, the head of the Democratic party said they expect Rep. Gabrielle Giffords (D-AZ) to "come back to help us full time."

Rep. Debbie Wasserman Schultz (D-FL) said the Democratic National Committee was prepping for a re-election bid in case Giffords decides to run.

Read more
Politics
8:36 am
Tue August 2, 2011

One Final Hurdle: Debt-Ceiling Bill Faces Senate Vote

Senate Majority Leader Harry Reid speaks to the media after a meeting of Democratic senators Monday at the U.S. Capitol.
Nicholas Kamm AFP/Getty Images

It seems to be all over but the voting.

Hours before the deadline to avert a U.S. default, the Senate was expected to pass legislation Tuesday in time to send it to President Obama and end the self-inflicted debt-ceiling crisis that has shaken confidence in the nation's credit and its political leaders.

The compromise bill, which easily passed the House on Monday night, is virtually assured to clear the Senate by a bipartisan tally. The president has promised to sign it into law almost immediately.

Read more
Politics
8:20 am
Tue August 2, 2011

Inside The Tea Party's Rising Influence

The battle over the debt ceiling may be over, but Congress remains deeply divided.

"Republicans are now taking a well-deserved victory lap while the Democrats are in a state of near total dejection," says journalist Robert Draper. "The Republicans got some cuts, they kept some revenue off the table but most of all, what they've done is dramatically shift the ethos in Washington."

Read more
Shots - Health Blog
8:02 am
Tue August 2, 2011

FDA: Wake Up, People, Those Lazy Brownies Are Unsafe

Lazy Cakes, now sold as Lazy Larry, contain melatonin. The Food and Drug Administration says that ingredient, which helps regulate sleep, is not an approved additive for food.
herbalcity.com/lazycakes

The Food and Drug Administration has given the maker of Lazy Larry relaxation brownies a wake-up call.

The Associated Press reported the agency has warned HBB LLC, the Memphis-based company that sells the brownies, that the melatonin in them has not been deemed a safe food additive. And the FDA says it can seize the brownies, which it considers adulterated, if HBB keeps making and selling them.

Read more

Pages