Originally published on Mon December 17, 2012 7:46 am
A cleaning crew found the coins after the death of a reclusive man in Carson City, Nevada, earlier this year. When the man was found to have no relatives in the area, researchers followed the trail to a teacher in California. She just needs certification from a judge to claim the chunk of change.
Behind a tall metal gate in a nondescript nook of Kabul sits the Bamboo Wood Industries factory. It's not a place you're likely to stumble across by accident. Inside, a handful of men are cutting, painting and assembling desks and cabinets. The pieces being made are chocolate brown and quite modern looking.
Sitting in a spartan, unheated office above the factory floor is Fatima Jafari, the owner of the company. The 30-something woman started the business a little over a year ago.
In some of the most potent cultural images we have of cool cars, they are being driven by young men — Ron Howard cruising in American Graffiti, cousins Bo and Luke from The Dukes of Hazzard sliding over the hood of the General Lee, James Dean behind the wheel of his Porsche.
The right-to-work legislation that was passed, and signed into law, in Michigan this week has been called a staggering blow to organized labor. Such laws allow workers to refuse to join a union and pay union dues, even if they're employed in a unionized workplace. Twenty-four states now have similar laws but Michigan, as the home of the U.S. auto industry, is considered one of the foundries of the American labor movement.
Originally published on Fri December 14, 2012 7:02 am
The bank UBS has been in the middle of a huge investigation into interest rate manipulation. There are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials.
The Consumer Price Index is one of the most familiar measures in economics and politics. But some in Washington want to change the way the index is calculated to better reflect people's shopping habits.
While the proposed change is described as a technical fix, it could also cut the federal deficit by hundreds of billions of dollars over the next decade.
The term "right to work" has been in the news a lot this week. On Tuesday, Michigan became the 24th state to enact right-to-work legislation. It means unions can no longer require workers to pay full dues, even if they're working in a union shop.
Originally published on Fri December 14, 2012 7:51 am
In an interview with David Greene, outgoing Securities and Exchange Commission Chairman Mary Schapiro reflects on her tenure at the agency, and the disappointment that she wasn't able to overhaul money market funds. She leaves the job on Friday.