The Two-Way
2:08 pm
Thu August 4, 2011

Video: A World Guinness Parallel Parking Attempt In The Tightest Of Spots

A tight fit.
World Guinness

Originally published on Thu August 4, 2011 5:49 pm

Imagine trying this in a tight parking spot in the city:

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Economy
1:48 pm
Thu August 4, 2011

Double Dip: Is U.S. Headed For Another Recession?

Stock markets plummeted Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems. In late-afternoon trading, the Dow Jones industrial average was down nearly 500 points, or 4 percent, and other indexes saw similar drops.

The U.S. economy barely grew in the first half of the year. And economists aren't expecting good news about jobs from the Labor Department on Friday.

These indicators and more are raising questions about whether the United States is headed for a double-dip recession

No Growth 'Surge' In Sight

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Politics
1:42 pm
Thu August 4, 2011

Congress Reaches Deal To End FAA Shutdown

Construction crews working on a new FAA air traffic control tower at Oakland International Airport were told to stop working after the House of Representatives refused to reauthorize routine funding of the Federal Aviation Administration. A deal to restore funding was reached Thursday.
Justin Sullivan Getty Images

Congress has reached a bipartisan compromise to end the two-week partial shutdown of the Federal Aviation Administration that has idled 74,000 federal employees and construction workers and cost the government about $30 million a day in uncollected airline ticket taxes, the Senate Democratic leader said Thursday.

The deal would allow the Senate to approve a House bill extending the FAA's operating authority through mid-September, including a provision that eliminates $16.5 million in air service subsidies to 13 rural communities. A vote on the bill is expected Friday.

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Law
1:41 pm
Thu August 4, 2011

Behind Bars: A Brief History Of The Defendant's Cage

This video image taken from Egyptian state television shows former President Hosni Mubarak, 83, lying on a hospital bed inside a cage of mesh and iron bars in a Cairo courtroom as his trial began Wednesday.
AP

Originally published on Wed May 23, 2012 9:35 am

The sight of Hosni Mubarak bedridden and caged in a Cairo courtroom as his trial opened this week was perhaps an unbelievable moment for Egyptians who lived for decades under the former president and his feared secret police.

For others around the world, the images of Mubarak, his sons and other co-defendants held behind interlocking steel mesh have been shocking.

Defendant's cages like the one that housed the 83-year-old former leader may not be common outside Egypt, but they're still in use in parts of the Middle East, Latin America and Eastern Europe.

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The Two-Way
1:40 pm
Thu August 4, 2011

Sen. Harry Reid: Compromise On Hand To End FAA Shutdown

"Senate Majority Leader Harry Reid says there is bipartisan compromise to end the partial shutdown of the Federal Aviation Administration that has left 74,000 transportation and construction workers idled," writes the AP.

The AP adds that Reid did not specify details in his statement, but other officials say the Senate could approve a House bill as soon as Friday.

This story is still developing. We'll update as we hear more.

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Economy
1:30 pm
Thu August 4, 2011

Stocks Take Nose Dive On Global Economic Fears

The stock market is finishing its worst day since the financial crisis.

The Dow Jones industrial average plunged more than 500 points Thursday. Investors are concerned that the U.S. economy will enter another recession and that Europe's debt problems are not closed to being solved.

Major stock indexes fell more than 4 percent.

The Dow is closing with a loss of 513 points, or 4.3 percent, to 11,384.

The S&P 500 is down 60, or 4.8 percent, to 1,200. The Nasdaq is down 137, or 5.1 percent, to 2,556.

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America's Mayors: Governing In Tough Times
1:10 pm
Thu August 4, 2011

In Miami-Dade, Economic Upheaval Ushers In Change

Carlos Gimenez, shown at a cafe earlier this year on Election Day, won a recall election that was part of a national wave of voter anger over taxes.
Joe Raedle Getty Images

Part 6 of a 6-part series

The economic upheaval of the past several years has had a big impact on the nation's politics — from the president down to the precinct level.

In Florida's Miami-Dade County, it's changed the whole tone of local government.

Carlos Gimenez has been a fixture here for many years — as a member of the Board of County Commissioners, and before that as city manager and fire chief in the City of Miami.

But now he suddenly finds himself in a new job.

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Technology
12:53 pm
Thu August 4, 2011

Money Can Buy You Love On Twitter

Companies can be hired to bring in Twitter followers for their clients.
Oli Scarff Getty Images

Earlier this week, the online gossip site Gawker reported that Newt Gingrich — a candidate for the GOP presidential nomination — may have paid to get most of the 1.3 million followers of his Twitter account.

Gingrich's campaign has denied the accusation. But on Twitter, numbers are essential — the more you have the better.

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