The mail will still go through, as will Social Security payments, veterans benefits, and military pay. Federal employees will still direct plane traffic, inspect food, and prosecute crime. By its own estimates, the federal government represents about 8 percent of the United States economy, so the economic impact of a long government shutdown would eventually affect just about everybody. Even in the short term, some groups will notice. Ironically, some of those who will be affected most are those who like government least. Here's a look at four such groups:
More Americans became entrepreneurs in the past two years than at any other time in the past 15 years, according to the Kauffman Foundation. But if you’re considering leaving your day job to take the leap into entrepreneurship, first learn the facts behind these Top 5 myths about starting a business:
With the news of Glenn Beck leaving Fox officially announced, it's time to reflect. The host has packed a lot of wallop in just two-plus years at Fox News. Conspiracy theories, apocalyptic predictions, and just plain eyebrow-raising statements have kept the folks at Media Matters for America, a liberal watchdog group, busy. They track his show (along with many others) and take notes. Now that the show “Glenn Beck” is ending later this year, Media Matters has opened its files and shared some of the most noteworthy moments. We’ve whittled the list down to the 10 most controversial things Mr. Beck has said on Fox – so far, at least. It bears noting that Beck has a lot of followers, who admire his populist conservative critique of the Obama era. His Facebook page has more than 1.8 million fans -- coincidentally, the same number of viewers he had as of January (down from 2.9 million in January 2010). Whether those fans believe his every word is hard to tell. But, like any good showman, he knows how to draw a crowd.
Portugal announced today that it would seek a bailout from the European Union, becoming the fourth country in western Europe to request a financial rescue package. All eyes are now on Spain, the last of the so-called PIGS (an acronym for Portugal, Ireland, Greece, and Spain, the least economically robust members of the eurozone) to not request a bailout. Here's a look at the financial rescue packages for each nation.
Tax advice comes in many forms: from IRS forms, accountants, and tax preparers. So do you need a computer to fill out your forms? Most low- and middle-class Americans qualify to use tax software for free. But if you have to pay for it, is the software worth it? Here are a five questions to help you decide:
Ivory Coast’s long-anticipated Nov. 28 presidential election was meant to help the country move beyond its deep divisions. Instead, the vote fueled a political stalemate that sucked the country back into civil war.More than four months after voters elected President Alassane Ouattara, renegade incumbent President Laurent Gbagbo still refuses to step down even though rebel forces have now confined him to a bunker beneath the presidential residence. Hundreds of Ivorians have died in increasingly heavy fighting that included attacks this week by the United Nations and France. How did a simple vote turn into this? There are a number of reasons that go back years, even decades.
Targeted attacks are the trend in cyberspace. Six months ago, the world's first cyber superweapon – Stuxnet – was discovered to be targeting Iran's nuclear facilities. This week millions of e-mail addresses were reported stolen from Epsilon, a firm that supplies e-mail marketing to BestBuy, Disney, and many others. The two highlight a trend toward precision among those that create malicious software. Epsilon's information will help hackers craft very specific "phishing" e-mails that are far more subtle, experts say. Here are five emerging targets for precision attacks:
The Bugaboo Donkey stroller is being released this month in the US. The Dutch-made stroller has up to a $1,660 price tag and a long waiting list of customers. But it's not the only high-end buggy on the market. Here are five boutique strollers that make a fashion statement for the mothers who can afford them:
The famous Chinese artist and political dissident Ai Weiwei hasn’t been heard from since his arrest Sunday by Chinese authorities. The disappearance of Mr. Ai, who uses his art to express political dissent, is just one of a slew of recent arrests by the Chinese government in what seems to be a bid to prevent protests inspired by the Middle East uprisings to China. Ai has long been at odds with the Chinese government, and this isn’t the first confrontation. What has made Ai a marked man in China?
House Republicans are attempting to shape US environmental policy by attaching to their 2011 spending plans so-called "riders" that would target regulations ranging from greenhouse gases to mining. The White House and Senate majority leader Harry Reid (D) of Nevada oppose the riders, making it unlikely they will become law. But they remain in play as the House and Senate negotiate on spending and try to avoid a government shutdown this week.
The controversial Goldstone Report, the result of a UN fact finding mission following allegations of human rights violations during the 2008 to 2009 Israel-Gaza conflict, is under scrutiny again. In a column published April 1 in The Washington Post, Richard Goldstone, the South African judge who led the mission, retracted one of the most contested findings of the group’s September 2009 report. “If I had known then what I know now, the Goldstone Report would have been a different document,” he wrote. What findings makes this nonbinding UN report such a flashpoint?
For the second consecutive season, ticket prices stayed relatively flat in Major League Baseball, according to a new survey by Team Marketing Report. The average ticket price across all 30 teams is $26.91, which is only a 1.2 percent increase from last season. That percentage represents the lowest year over year increase since the company's Fan Cost Index debuted in 1991. Here are some of highlights of which teams charge the most and the least for tickets, hot dogs, and parking:
Unemployment has fallen to 8.8 percent, the lowest rate in two years. In March, the economy added 216,000 new jobs. But the recovery is leaving some US metros behind. Already mired in above-average joblessness, their unemployment rate is now higher than what it was when the recovery began in June 2009. Here’s a look at five of these wrong-direction metros:
Travel might be broadening, but in this case, it changes the course of three people's lives. The three main characters in this month's fiction roundup were born 100 years apart and on three different continents, but they all end up in the same place – the United States. Two are brought against their will as children and one makes the journey as an adult, 24 years later than she had planned.
The concept of emergency rule has been at the forefront of much of the Mideast unrest. Some countries have been in a “state of emergency” for decades, long after their citizens felt any threat still existed. Others have only recently implemented the emergency laws, in an effort to quell uprisings turned too large and violent for the governments to rein in. Although meant to help a country in times of danger, emergency law has sometimes been turned into a political tool.
We can only begin to imagine the depth of the political fissures once Congress seriously addresses our budget challenges as opposed to punting tough compromises down the road with last-minute, stop-gap spending bills. Just consider the intensity of the heat generated today over the Republicans’ continued resolve to cut “only” $100 billion from President Obama’s proposed budget for this year, which still would leave a massive deficit in excess of $1.4 trillion. Ultimately, Americans must consider a painful, indelicate balance of much larger spending cuts along with tax increases, coupled with the need for crucial investments in our nation’s future. In confronting these agonizing political choices, both parties, and the electorate, would benefit from advice from “Ike.” Such advice can be found in President Dwight D. Eisenhower’s memorable (though little remembered) radio and television address on taxes in 1954. The address was delivered on March 15, which was Tax Day back then. Its value lies not in its details but in what he said about the government’s role domestically, about sound budgeting, and about being a “good American.” These words, from a Republican, challenged listeners then regardless of party, as they will challenge listeners today. Mount Holyoke College tax-policy scholar John O. Fox gives us Ike's four critical pieces of advice.