The Standard & Poor's 500 index, the benchmark of America's largest corporations, surpassed 1,700 points for the first time in early trading Thursday. The rise is being tied to a drop in weekly jobless claims, as well as assurances from central banks in the U.S. and Europe that they would continue to bolster their economies.
Originally published on Thu August 1, 2013 12:01 pm
How will humans survive the zombie apocalypse? Will it be each man for himself or will a coordinated effort be what saves us from ultimate doom?
An MIT professor is trying to answer this question for us mortals. "There is a price that society pays if everyone determines his behavior selfishly," Ruben Juanes says. And this cost of selfish behavior is what game theorists call the price of anarchy.
San Diego Mayor Bob Filner, accused by at least eight women of sexually harassing them, never received a mandated training course on sexual harassment from the city, according to his attorney.
Harvey Berger says the city failed to meet its legal requirement and therefore should foot the mayor's legal bills. Filner and the city of San Diego are being sued by the mayor's former communications director, Irene McCormack Jackson.
NPR's business news starts with unemployment numbers.
No, this is not the big monthly jobs report. We'll get that tomorrow. But this morning one number from the Labor Department - the department announced that applications for jobless benefits fell to 326,000 last week. That is the lowest level since January of 2008. Transcript provided by NPR, Copyright NPR.
There are several new state laws on the books, as of today. The Legislature eliminated limits on corporate campaign contributions; there are new penalties for abusing or financially exploiting the elderly; another law protects children who are placed in potentially harmful situations and there is a statute that increases the penalties for trespassing on a school bus. However, the law receiving the lion's share of attention allows Alabamians to carry a pistol openly in public. The gun law also allows Alabamians to keep a pistol in their vehicles at work under certain guidelines.
The White House says it is "extremely disappointed" in Russia's decision to grant a temporary one-year asylum to NSA leaker Edward Snowden.
Snowden left Moscow's Sheremetyevo Airport on Thursday after spending more than a month holed up in its transit center. Anatoly Kucherena, a Russian lawyer who has been advising the former U.S. intelligence contractor, told Russian media that Snowden's whereabouts are being kept secret for security reasons.
NPR's business news starts with Sony plugged into profits.
Sony reports that it's making money again. The Japanese company announced its second quarter earnings today. Most of its success though comes thanks to a favorable currency rate - a weak yen was key for Sony. Still, the company did see a little improvement in its smartphone sales and entertainment business. Net income for Sony's latest quarter was $35 million. Transcript provided by NPR, Copyright NPR.