2 Dead Indian Fishermen, 2 Accused Italian Marines, A Diplomatic Row
India wants the marines returned to stand trial. Italy is refusing to send them back. The Indian Supreme Court on Thursday ordered the Italian ambassador not to leave the country. Both countries claim they are on solid legal footing.
Detroit's emergency manager brings hope, fear
The city of Detroit has a very new -- and stark -- economic reality today.
A new face is in control of the city's finances, and it isn't an elected mayor.
Gov. Rick Snyder installed a emergency financial manager to guide the city out of it's deep financial hole.
His name is Kevyn Orr, and his background is as a bankruptcy lawyer. The role of the emergency financial manager was created in 1990, and was granted the powers of the mayor, plus more.
"So if he wants to go after labor contracts, he's able to go after labor contracts," said longtime Detroit journalist Micheline Maynard, now a contributor for forbes.com. "One thing I think a lot of people hope for is that the city streetlights will go back on, because there are big swaths of Detroit that are in the dark, literally."
It's a move that's not without controversy, and maybe a little hope, as well.
"There two schools of thought. Detroit's got this fledgling little recovery; there's been some new investment in the city. Everybody wants that to take flight," Maynard said. "Then there's another side that thinks this undemocratic -- that the people of Detroit don't have a voice in this, and that this goes against the rights of the citizens to decide who's going to run their city and who's going to fix their city."
Maynard said she's seen the city go through a lot to find a way to recovery.
"I think they can fix Detroit, but they have to actually do the work."
Is 'too big to fail' a permanent state?
Today is the fifth anniversary of the rescue of Bear Stearns by the Federal Reserve. The very moment, perhaps, when "too big to fail" became a standard part of our economic lexicon.
To commemorate the five-year anniversary, Richard Fisher, president of the Federal Reserve Bank of Dallas, will speak at the big political conference going on this week, the Conservative Political Action Committee, or CPAC, where he's going to say we ought to break up the big banks. That they are still "too big to fail."
"The banks only got bigger following the financial crisis," said John Carney from CNBC. "Regulators and their bosses on Capitol Hill, the congressmen and senators,are mostly mentally-captured by the big banks. They just think that this is the way things have to be."
Carney thinks Fisher will get a warm welcome at CPAC this weekend.
"This really seems to be something that bridges the political spectrum where you have people on the left saying we should do something and people on the right," said Carney.
Canadian PM considers Mali options
Health change in Welsh reshuffle
Inter Milan 4-1 Tottenham (agg 4-4)
Death Row Inmate Fights For Right To Die In Oregon
Convicted murderer Gary Haugen has spent more than 30 years in prison; he's been on death row since 2007. And if he had his way, he would schedule his execution tomorrow. But the Oregon Supreme Court must decide whether Haugen can die — or if Gov. John Kitzhaber's reprieve of him should stand.
Binge Drinking Sticks Wisconsin With A Hefty Tab
Wisconsin has the highest number of binge drinkers in the nation, and they cost the state $6.8 billion in 2012. Most of that economic burden is from lost productivity — missing work, premature mortality, incarceration, and absenteeism.
» E-Mail This » Add to Del.icio.us
Courts Become A Battleground For Secularists, Islamists In Syria
Islamist brigades are competing with pro-democracy civilians to shape Syria's future. In many areas in rebel-held northern Syria, Islamists have set up religious courts that deliver rulings under Shariah, or Islamic law.
Slain NY boy's mother accuses police
43 new measles cases in outbreak
As Global Chains Move In, The Champs Elysees Gets A New Look
Some Parisians worry that an avenue once considered the most beautiful in the world is starting to take on the character of an American shopping strip.
As His Home Melts Away, Teenager Sues Alaska
Nelson Kanuk, an 18-year old Yup'ik Eskimo, has seen the permafrost his home is built on melt, and in a year or two the house could be gone. Kanuk argues the state needs to take more action on climate change.
'I Am Not A Sixth Grader': Sens. Feinstein, Cruz Spar On 2nd Amendment
The exchange came as an assault weapons ban bill worked its way through the Senate Judiciary Committee. At issue: whether Congress has the right to determine, which guns are legal.
» E-Mail This » Add to Del.icio.us
Showing Off Shopping Sprees, Fashion 'Haulers' Cash In Online
So-called "haul videos" are the YouTube version of a time-honored tradition: showing off the spoils from a trip to the shopping mall. Some haulers have garnered thousands of followers, as well as relationships with retailers who compensate the young fashionistas for promoting their products.
Molly Malone: A Soup And Song For St. Patrick's Day
Irish cookbook author Rachel Allen shares a recipe for Molly Malone chowder, a soup inspired by the Irish folk song about a doomed fishmonger.
Molly Malone: A Soup And Song For St. Patrick's Day
Irish cookbook author Rachel Allen shares a recipe for Molly Malone Chowder, a soup inspired by the Irish folk song about a doomed fishmonger.




