Nearly a year ago, Justice Department leaders turned to B. Todd Jones to solve one of their most urgent problems: a crisis at the Bureau of Alcohol, Tobacco, Firearms and Explosives.
The former U.S. Marine answered the call to duty and agreed to serve as ATF's acting director. His mission: to turn the bureau around in the face of congressional investigations that have shaken ATF to its core.
On its first day as a public company in May, Facebook's stock traded for more than $40 a share. On Thursday, investors could pick up a share for less than $20. Facebook has lost nearly half its value during its first few weeks on the Nasdaq. Institutional investors such as Fidelity are selling their stake. Facebook executives are now desperate to change the conversation about the company.
The sizzle seems to be gone from America's long-term relationship with the potato. Consumers are eating fewer of them, especially the kind that's not fried in a vat of hot oil. But what if a new and different potato arrived in town? A stylish one, with colorful flesh that was good for you, too?
Originally published on Fri August 3, 2012 9:49 am
A landmark federal law used to block the adoption of state voter identification cards and other election rules now faces unprecedented legal challenges.
A record five federal lawsuits filed this year challenge the constitutionality of a key provision in the Voting Rights Act. The 1965 statute prevents many state and local governments from enacting new voter ID requirements, redistricting plans and similar proposals on grounds that the changes would disenfranchise minorities.
It was a controversial hearing to begin with. This morning, a House subcommittee was looking into a bill that would make English the official language of the United States and require that government functions like naturalization ceremonies be conducted in English.
Democratic Rep. John Conyers of Michigan was not a fan, so he decided to deliver his opening statement in Spanish.
First he thanked the chairman, then he proceeded to assail the measure.
Originally published on Thu August 9, 2012 4:21 pm
A few days ago, I found myself sitting in a room full of cross-legged yogis with my sweaty hands resting on the sweaty knees of the people beside me, bellowing a mantra in unison over and over again. What united us at that yoga studio was empathy for yoga instructor Michael Joel Hall, who was savagely beaten as he walked home earlier that week with his boyfriend.
U.S. employment is stalled, growth is anemic, and the Federal Reserve has decided not to take action for at least another month.
Most economists weren't expecting the Federal Open Markets Committee, which sets the Fed's monetary policy, to announce another round of quantitative easing — a fancy term that basically means the central bank buys bonds to increase the money supply and make borrowing cheaper — at this week's meeting. Still, that's exactly what a number of them think is needed.
Originally published on Thu August 2, 2012 1:31 pm
Ann Romney was in London today to watch the Olympic debut of a horse she co-owns.
During the first day of the individual dressage competition, Rafalca scored 70.243, which landed her in 13th place so far. The event, if you're not familiar, is usually described as a kind of ballet for horses.
Romney seemed satisfied with the performance, which continues tomorrow.