Canadian-Egyptian journalist Mohamed Fadel Fahmy has been accused of running a terrorist cell with the help of four foreigners; allegations the news agency calls "baseless and false." The case has shown just how far Egypt has backslid on the goals of an uprising that began three years ago this week.
But really, it's kind of a proxy for a bigger discussion about rising inequality in this country: the rich getting richer and the poor...not.
So what does that mean for corporate America? Harvard business school historian Nancy Koehn says:
"The average person in that top 1 percent [of the population] makes about $717,000 a year, versus $53,000 for everyone else. So even these very, very rough ballpark numbers: That's a lot of people with a lot less money to buy things, and very little hope, in some sense... of getting more purchasing power... "
That lack of what Koehn calls "hope" can have a multiplier effect on other parts of the country:
"We know large amounts of social and economic mobility produce more GDP, more social order, more kind of national prosperity and political stability. You can reason inversely that lots and lots of inequality is not a good thing."
And speaking of multiplier effects? The wiggle room afforded by a larger paycheck not only increases the top 1 percent's purchasing power, it also allows them to reinvest:
"You want to put money directly in the hands of the bottom 90 percent so it will get spent, so it will generate jobs, and so it will oil the wheel of capitalism."
Undercover police officers say they bought heroin at a McDonald's in Pittsburgh, acting on a tip that included a code phrase. They were then allegedly given a Happy Meal box containing the drug.
One final note on the State of the Union.
The president mentioned a bunch of companies last night. Most of them are big enough they don't need a presidental shoutout.
But then he said this:
"Nick Chute is here today with his boss, John Serano. John's an owner of Punch Pizza in Minneapolis, and Nick helps make the dough. And now he's making more of it."
We had to call them up, right?
We got ahold of John Puckett. He's a co-owner of Punch Pizza along with John Serrano. I asked him what happened when the White House called:
"We really thought it was a practical joke at first... It's been incredible, [especially] on social media. The nice thing is, it's warming up above -20 today in Minnesota, so we'll probably see it more today than we did last night. I think everyone was still hunkered down, watching the State of the Union.
Turns out, tragically enough, the president didn't even get to taste the pizza:
"You know, it doesn't transport that well from St. Paul to Washington. Ours is wood fired Neopolitan pizza and it's best when you get it right out of the oven."
The suit is the first direct challenge to the FISA Amendments Act, the statute the government relies on to collect international communications in bulk.
Two Norwegian politicians say Edward Snowden has "contributed to a more stable and peaceful world order" by exposing U.S. surveillance practices. The Nobel Peace Prize nominations will be pared down to a short list in March and May.
Workers can't lose money in myRAs, the savings accounts President Obama unveiled in his State of the Union speech. The government would protect the principal and help savings grow a bit faster than inflation.
What the Fed does on interest rates matters not just to Americans, but the entire global economy -- and that's because the dollar continues to tighten its grip as the world's reserve currency.Foreign investors holding trillions in securities and dollar assets have an incentive to the keep the currency afloat — even when the value of the dollar declines.
It's what Cornell economics professor Eswar Prasad calls the "Dollar Trap."
"The financial crisis had its origins in the U.S., the federal reserve has been pumping huge amounts of dollars into the global financial system, which ought to cheapen its value." Prasad says. "[But] In times of turmoil, the world wants safety, and the U.S. is still seen as the safest place to invest."
So what happens if the world loses faith in the dollar?
Prasad examined several tipping-point scenarios. He found this could result in turmoil for the U.S. financial market, and in turn, spread to the rest of the world.
"The dollar's value is stronger than it ought to be. That means fewer jobs, less exports, so it's not all together a good thing for the U.S.," he says.
Three decades after U.S. troops helped protect a Soviet defector during a firefight with North Korean troops, Mark Deville finally received his Silver Star. His comrades were awarded their medals years ago.
The Israeli-Palestinian conflict includes a shadow war in which Israel turns to Palestinian informants to gather intelligence. Palestinian Abed Hamed el-Rajoub was imprisoned for fighting against Israel, but while in jail, he secretly gathered information from fellow Palestinian prisoners.
Overweight kindergartners are much more likely to be obese by eighth grade compared to their normal-weight peers, a study finds. The solution may be for women to avoid gaining too much weight during pregnancy, researchers say, as well as helping kids get exercise and eat healthy foods.
On Wednesday, President Obama directed the Treasury Department to create a new retirement plan called "myRA." The decision, a circumvention of Congress, follows through on one of the promises made by the president in his State of the Union. As Yuki Noguchi reports, the success of the plan may depend on its ability to move beyond the limitations of existing retirement plans.
Among the many issues in contention at the Syrian peace talks is the possibility of humanitarian relief for cities and villages under siege. No place is in greater need of assistance than the city of Homs in western Syria. One of the first regions to rise up against President Bashar al-Assad, Homs is now the site of an ongoing humanitarian aid crisis. Approximately two to three thousand people find themselves trapped in a disputed district and in increasingly desperate circumstances.
Snow and ice continue to plague parts of the Deep South, including Atlanta and Birmingham, Ala. As Rose Scott reports from Atlanta, city and state officials were surprised by the strength of the storm, and many people found themselves stuck on interstates highways.
Federal Reserve policymakers are wrapping up a two-day meeting as Fed Chairman Ben Bernanke prepares to step down later this week. Investors expect the Fed to stick with its plan to "taper" bond purchases and keep short-term interest rates where they are.
A day after delivering his State of the Union, President Obama is beginning a four-city road trip. He plans to use the trip to push the priorities he emphasized during his address, with a focus on a raise to the federal minimum wage.
North Dakota's oil sector is booming, but agriculture remains the state's largest industry. And while many farmers and ranchers are profiting from the oil beneath the prairie, others complain that drilling is interfering with their business — and changing rural life as they know it.
Meteorologists are used to people faulting their weather predictions. But when Georgia's Gov. Nathan Deal called Tuesday's crippling winter storm "unexpected," he drew responses from several forecasters. One answer came from the head of the American Meteorological Society, who lives in the state.
Scientists know that a small percentage of humans' genes came from Neanderthals. But they were surprised to find that one-fifth of Neanderthal genes are in modern humans living today. That includes genes associated with diseases including Type 2 diabetes, Crohn's disease and lupus.
Scientists know that a small percentage of humans' genes came from Neanderthals. But they were surprised to find that one fifth of Neanderthal genes are in modern humans living today. That includes genes associated with diseases including Type 2 diabetes, Crohn's disease and lupus.