More than 40,000 scientists in Spain have signed a petition calling on the government to end cuts to their budget. They're blaming austerity for an exodus of the country's best and brightest researchers.
Lauren Frayer has more from Madrid.
UNIDENTIFIED GROUP: (Spanish spoken)
LAUREN FRAYER, BYLINE: Hundreds of lab-coated scientists delivered their petition to Spain's Economy Ministry. They marched there last week because the Science Ministry, itself, was closed in budget cuts.
Landing a job at a summer camp or at an amusement park is a rite of passage for many young Americans. Those jobs also appeal to foreigners participating in a cultural exchange using J-1 visas. But with U.S. youth unemployment at 25 percent, Congress is now taking a close look at the J-1 visa exchange program.
Google has launched — quite literally — a new idea to bring the Internet to some of the world's remotest places.
The tech giant's engineering hothouse, Google X, is testing the use of 12-mile-high helium balloons to get coverage in areas where it's impractical to put in conventional infrastructure.
Google said Saturday that it has 30 of the balloons, or "high-altitude platforms" (HAPS), flying over New Zealand as part of something called Project Loon. They will hover at about twice the altitude of a passenger jet.
Facebook and Microsoft Corp. say the government has given them permission to reveal orders they've received to hand over user data, but that they are still prevented from giving anything other than very broad figures.
Facebook says it received 9,000 to 10,000 requests during the last six months of 2012, while Microsoft says it got 6,000 to 7,000 requests, affecting as many as 32,000 accounts.
This week, the Internet radio broadcaster Pandora made what seems like a backward move — technologically speaking. Pandora purchased a local radio station in Rapid City, S.D. The company says it's aiming to get the more favorable royalty rates given to terrestrial broadcasters, but the move has songwriters and composers up in arms.
White House economic adviser Alan Krueger took some ribbing from his boss this week. President Obama noted that Krueger will soon be leaving Washington to go back to his old job, teaching economics at Princeton.
"And now that Alan has some free time, he can return to another burning passion of his: 'Rockanomics,' the economics of rock and roll," the president said. "This is something that Alan actually cares about."
Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.
The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.
Miguelo Rada doesn't seem like the kind of guy who'd have extra cash. He just spent 32 years in prison, he lives in a halfway house in West Harlem, and his current income comes only from public assistance.
He uses food stamps for food, wears hand-me-down clothes and buys almost nothing. He is also an unofficial bank.
"If somebody asks me, 'Can I borrow $20?' If I have it I'll say, 'Here!' " he says.
This kind of borrowing is one way people do what economists call "consumption smoothing" – basically making spending more regular, even when income is not.
In recent years, programs that double the value of food stamp dollars spent at farmers markets have generated a lot of attention. The basic idea: Spend, say, $10 in food stamps and get an extra $10 credit for purchases at the market.