The U.S. coal industry is getting a boost. Nine million tons of American coal will be sent overseas to India this year, and for the next 25 years - it's the result of a new $7 billion deal signed yesterday between an Indian coal group and several producers in Kentucky and West Virginia.
The news network CNN has recently seen its ratings during primetime hit record lows. The company is still making money, thanks to its international presence, but here in the United States, viewers are increasingly turning to more opinionated competitors: MSNBC and Fox News. At the end of the year, the president of CNN Worldwide is going to step down. And TV critic Eric Deggans sees this as a big opportunity for CNN to shake things up.
All right. So we just heard in Renee's conversation there that American Olympic gymnast Gabby Douglas has hundreds of thousands of Twitter followers, giving her clout with potential sponsors.
Our last word in business today is Klout spelled with a K. Klout, k-l-o-u-t, is a Web startup that's been around for a few years. The company says it can measure your online influence by using a special algorithm.
Over the past four years, Bruce Marks has been on a traveling road show to help people avoid foreclosure. His nonprofit, the Neighborhood Assistance Corporation of America, has held more than 80 events in cities around the country. So far, Marks says, NACA has helped 202,000 people get their payments lowered so they can afford to keep their homes.
The national recession may be over, but local governments around the country are still hurting. Core services and programs are being scaled back, cut or privatized. In Upstate New York, county officials are scrambling to sell off nursing homes that have been taxpayer-funded for generations.
Horace Nye Nursing Home in Elizabethtown, N.Y., a modest brick building that sits a stone's throw from the village square, has 100 beds, and that's how many elderly people live here. There is always a waiting list.