With Nevin Shapiro’s allegations from behind bars that he lavished millions of dollars in goodies on University of Miami football player over eight years, in violation of NCAA rules, chatter intensified in print and online about whether Miami might suffer the worst punishment the NCAA can dish out. Unofficially known as the 'death penalty,' it eliminates the offending sports program from competition for one season (and sometimes more). It has been meted out to only five schools.
German Chancellor Angela Merkel and French President Nicolas Sarkozy are pushing for a more economically disciplined and unified eurozone as a way to stem Europe's spiraling debt crises. But it remains to be seen just how much the two leaders can do to reverse the economic damage spreading quickly. Below, the Monitor answers key questions about the debt crisis and the trouble it spells for the eurozone.
Forbes has just released their 2011 list of the world's highest paid authors (based on earnings from May 2010 to April 2011), and some of them may surprise you. We'll tell you how much each author made, why you should know their names, and how they beat the recession's effect on the fiction industry.
Elvis Presley fans gathered at the Graceland Memorial in Memphis today to show appreciation for The King. It is the 34th anniversary of the day Elvis died on Aug. 16, 1977 at his home. Fans remember the romantic crooner whose gyrating hips and curled lip were the stylistic signatures of an icon who permanently altered American music and pop culture. Elvis grew up with musical influences of pop and country. Although Elvis had many hits, here's our compilation of the best five. What's your favorite?
Google's $12.5 billion purchase of Motorola will be its biggest acquisition ever -- more than four times the size of DoubleClick, the previous leader. But over the last decade, Google has been one of the biggest -- and most successful -- acquirers in the tech industry, and owes a lot of its success to these smart buys. Its core search advertising platform and most of its biggest new businesses, including Android, YouTube, and display advertising, all come from other companies. Join us as we count down Google's top 16 acquisitions by value and show what happened to them.
James Richard Perry wants to hang his cowboy hat in the White House. The Texas governor announced Saturday at a campaign stop in South Carolina that he was running for president. He was also traveling later in the day to New Hampshire, and planned a trip to Iowa on Sunday. Governor Perry is a shrewd politician who oozes Texas swagger. His rock-solid record is buttressed by his state’s impressive jobs record. But is America ready for another cowboy president?
It is shocking how relevant a novel written decades ago can seem today – sometimes even more so than on the day that it was published. We've rounded up ten of the best classic political novels of the past, recommended for some thrilling 2011 summer reading. Update: We have added three Facebook Fan recommendations to the list.
Congress has created a special super committee to devise a way to cut at least $1.2 trillion from US spending in coming years. Its real name is the Joint Select Committee on Deficit Reduction, and its deadline is Nov. 23. If a majority of the bipartisan, bicameral committee approves the plan, it goes to the House and Senate for a vote, and they must act by Dec. 23. If the plan is voted down, automatic spending cuts are slated to occur. Here are the 12 lawmakers serving on the super committee.
Building and maintaining a career has never been more complex. Thursday's jobless claims numbers indicate an improving employment picture, but jobs are still scarce. Economic turmoil and rapid technological and organizational shifts are making it difficult for even highly talented executives to figure out their next career move. Whether you’re a senior executive or a rising professional, here are 10 ways to take control of your personal career growth and find your best job ever:
Amid worries that the economy may be tipping toward a second recession, both Republicans and Democrats say creating jobs is their top priority. But the two parties are far apart on their approaches. Democrats favor targeted stimulus – investments in infrastructure, clean energy, and education – while hiking taxes on corporations and the rich to fund this jobs spending. Republicans aim to curb government regulation and cut taxes to give businesses and individuals more incentive to invest. Here are the Republicans' top five priorities.
Amid worries that the economy may be headed into a second recession, both Republicans and Democrats say creating jobs is their top priority. But the two parties are far apart on their approaches. Democrats favor targeted stimulus – investments in infrastructure, clean energy, and education – while hiking taxes on corporations and the rich to fund this jobs spending. Republicans aim to curb government regulation and cut taxes to give businesses and individuals more incentive to invest. Here are the Democrats' top five priorities.
Continuing a tradition first started by one of the nation’s Founding Fathers, President Obama will host an iftar dinner Wednesday evening at 8:30 in the State Dining Room to celebrate the Muslim holy month of Ramadan. The president is no stranger to the sunset fast-breaking meal – he likely attended many as a boy in Indonesia – but Wednesday’s event comes with a star-studded guest list and an agenda: reaching out to an important, and often embattled constituency.
When Standard & Poor's downgraded the US from its AAA status to AA+ on Aug. 5, it knocked just one country off a lengthy list. Now, there are 18 nations with AAA credit ratings. Calculations of GDP and government gross debt are from the International Monetary Fund (IMF) for 2010. The US had a GDP of about $14.6 trillion in 2010, the IMF estimates. Its debt, of about $13 trillion, is roughly 92 percent of its GDP. Data were not available for the small, AAA-rated sovereignties of Lichtenstein, Guernsey, and the Isle of Man. And missing from the list? Some of the US's top economic competitors.
Political eyes around the nation are on Wisconsin today, as voters in six districts cast ballots in the third – and most critical – of four recall votes. Six Republican state senators face possible defeat today. Next week, two Democratic state senators will be in the same position. The vote is widely seen as a referendum on the anti-union strategies of Republican Gov. Scott Walker, and thus has drawn interest – and funding – from across the country.
If there's one thing that's lacking in the debt deal that president signed on Aug. 2, it's specifics. It asks for $1.5 trillion in spending cuts over the next 10 years, but gives few concrete details about where they'll come from. The deal does outline some changes for student loans, and it leaves out renewals for a couple of unemployment benefits programs. But most of the envisioned budget cuts won't become clearer until this fall, when a 12-member, bipartisan "super committee" gives its recommendations to Congress. Some Americans may be particularly vulnerable to their budget choices. Here are five groups who could see a reduction in government largesse:
If the Standard & Poors downgrade of US debt from AAA to AA+ worries investors enough, the US may be forced to pay higher interest on its debt, which could affect interest rates across the economy, from mortgages to car loans. But for now, economists say, the economic impact of the downgrade will likely be minimal and US Treasury bonds will continue to be the investment vehicle of choice for American and overseas investors. “Despite the drop in the rating and the fact that the US economy is going through a fiscal crisis, it’s still one of the safest places to invest,” says Farhad Saboori, an economist at Albright College in Reading, Penn. Here are five reasons why the downgrade isn’t as bad as it seems, and a reminder not to take it too lightly:
"The Help," the popular novel by Kathryn Stockett, has been adapted into a film to be released on August 10. It stars Emma Stone and Viola Davis and is one of the summer's most highly anticipated movies. Here are ten movie stills that will allow you a sneak peek at some of the best scenes of the summer film.
Many analysts and market watchers, whose job it is to warn of impending real estate bubbles, have trained their sights on China. It's easy to see why. The economy has expanded an average 10 percent a year for the past 30 years, an incredible growth rate. Average housing prices tripled between 2005 to 2009 alone. But here are three reasons Chinese real estate has more room to run on the upside before the good times end: